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Gym & Exercise Equipment Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Gym & Exercise Equipment Manufacturing Market Research Report | NAICS 33992b | Jun 2014

Out of shape: Health concerns will boost demand, but import penetration will diminish growth

IBISWorld’s Gym & Exercise Equipment Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 09-14
0.3%
Annual Growth 14-19
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Profit
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Employment
5,788
Businesses
228
Industry Analysis & Industry Trends

The Gym and Exercise Equipment Manufacturing industry is benefiting from US trends regarding general health consciousness and a younger, more active generation becoming involved in sports. This move has contributed to a rise in demand for industry equipment, which has led to revenue growth over the five-year period. However, labor-intensive tasks such as equipment manufacturing are increasingly being outsourced to areas with low labor costs, hurting domestic manufacturers. IBISWorld expects the industry to continue growing slowly over the five years to 2019, with revenue projected to increase. Trends in sports participation, exchange rates, competition from imported merchandise and demand for gym and exercise equipment will drive manufacturing sales... purchase to read more

Industry Report - Industry Locations Chapter

Some of the major factors that affect the number of manufacturers in a certain region are weather, size of the population, and proximity to ports. Weather is a major factor that influences the sport participation rate, which can, to an extent, explain the concentration of industry establishments across certain states. The higher the sports participation rate the more likely people in that area will use gym and exercise machines. For example, on a per state basis, California has the single highest concentration of gym and exercise equipment manufacturers, accounting for 17.9% of total industry establishments. One of the reasons behind this trend is that people are more inclined to exercise in warmer weather... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Gym & Exercise Equipment Manufacturing Industry?

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 and retailers.

Industry Products
Cardiovascular machinesFree weights Weight machinesOther exercise equipment
 
Industry Activities
Home exercise equipmentGym equipment Aerobic machine


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