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 - Starting a New Business Chapter
Prospective operators planning to enter the Gym and Exercise Equipment Manufacturing industry have been met with high barriers over the past five years. This has predominately stemmed from the significant capital cost requirements of establishing a new company along with manufacturing and warehousing facilities. To this end, product knowledge and innovation along with intellectual property rights have also posed as a barrier for new operators. Such knowledge has enabled existing manufacturers to produce a range of sporting goods in their optimal brand or exclusively used patented technology to design and production new products.
In addition to these factors, the industry has been subject to some informal barriers such as the high cost and long-term nature of brand reputation... purchase to read more