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. As consumers become increasingly health conscious and the government ramps up its anti-obesity campaigns, demand for gym and exercise equipment will increase, leading to a steady rise in revenue... purchase to read more
Industry Report - Industry Products Chapter
The bulk of industry sales are derived from the manufacture of cardiovascular exercise equipment, such as treadmills, elliptical machines, exercise cycles, rowing machines and exercise bikes. The total exercise market may be segmented into two categories: consumer and institutional. The consumer category comprises equipment which individuals may purchase for home use, while the institutional category provides equipment generally found in fitness centers, such as upright stationary bikes, functional weightlifting machines and stair-climbing machines.
Cardiovascular equipment includes machines specifically designed to improve cardiovascular health, such as treadmills, exercise bikes or stair steppers... purchase to read more