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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 - 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

 


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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