Industry Analysis & Industry Trends
After low demand and expanding imports caused the industry to undergo a severe downturn, operators will benefit from an improving economy and rising demand. As the public's health and fitness concerns grow, demand for related exercise equipment will increase, resulting in a modest rise in revenue. Still, manufacturers will face the threat of import penetration, as more corporations move their manufacturing operations to China, increasing competitive pressures... purchase to read more
Industry Report - Industry Investment Chapter
Industry operators require a vast assortment of human labor to manufacture gym and exercise equipment. From designers and technicians to laborers and apprentices, the production process is dependent on a range of skilled workers. Compared with low-cost producers in China and other parts of the world, the United States has substantially higher labor costs. Given that the majority of the industry products are labor-intensive to make, this places US manufacturers at a disadvantage. Many now operate facilities in China or other places to take advantage of low-cost labor or contract out production and only keep specialized manufacturing in the United States. In addition, this industry also consists of many small to medium-sized firms that manufacture for specific client needs... purchase to read more