Gym & Exercise Equipment Manufacturing in the US - Industry Market Research Report
Description
Gym & Exercise Equipment Manufacturing in the US
Globalization trends have negatively influenced domestic gym and exercise equipment manufacturing, as foreign manufacturers produce gym and exercise equipment at far lower costs. Nonetheless, innovative gym and exercise equipment has attracted consumers to US-made products and mitigated import penetration. Revenue declined in 2020 because of gym closures following the outbreak of COVID-19. Individuals purchasing gym and exercise equipment for home workouts offset some losses in the commercial market. Overall, industry-wide revenue grew at a CAGR of 1.0% to $2.2 billion over the past five years, including 0.4% recovery growth in 2023.
Operators in this industry manufacture gym and exercise machines, including treadmills, exercise bikes, weights and other equipment for both home and fitness centers. Following the design of sample products, manufacturers purchase raw materials and transform these into a range of athletic equipment. The finished products are then marketed to wholesalers, retailers and individual consumers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Globalization trends have negatively influenced domestic gym and exercise equipment manufacturing, as foreign manufacturers produce gym and exercise equipment at far lower costs. Nonetheless, innovative gym and exercise equipment has attracted consumers to US-made products and mitigated import penetration. Revenue declined in 2020 because of gym closures following the outbreak of COVID-19. Individuals purchasing gym and exercise equipment for home workouts offset some losses in the commercial market. Overall, industry-wide revenue grew at a CAGR of 1.0% to $2.2 billion over the past five years, including 0.4% recovery growth in 2023.
Operators in this industry manufacture gym and exercise machines, including treadmills, exercise bikes, weights and other equipment for both home and fitness centers. Following the design of sample products, manufacturers purchase raw materials and transform these into a range of athletic equipment. The finished products are then marketed to wholesalers, retailers and individual consumers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
47 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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