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 Analysis Chapter
The Gym and Exercise Equipment Manufacturing industry manufactures fitness machines and equipment for gyms, department stores and online retailers. The industry is benefiting from US trends regarding general health consciousness and a younger, active generation more involved in sports; this has contributed to a rise in demand for industry equipment, which has led to slow revenue growth. However, labor-intensive tasks such as equipment manufacturing are increasingly being outsourced to areas with low labor costs, taking away from domestic demand.
In 2014, revenue for the industry is expected to increase 1.2% to $1.9 billion, but overall gym and exercise equipment manufacturers have experienced trying times, even as the economy recovers from the Great Recession... purchase to read more