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 - Starting a New Business Chapter
The Gym and Exercise Equipment Manufacturing industry has high barriers to entry. The high barriers primarily stem from the significant capital requirements needed to establish a new company along with manufacturing and warehousing facilities. Adding to the barriers, product knowledge and innovation along with intellectual property rights pose an obstacle for new operators. Such knowledge has enabled existing manufacturers to produce a range of gym and exercise equipment in their optimal brand or exclusively using patented technology.
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