Out of shape: Continued offshoring of US manufacturing facilities will pressure revenue

The Gym and Exercise Equipment Manufacturing industry has struggled to pull its weight over the past five years, and industry revenue has declined over the five years to 2017. Though industry revenue has fluctuated during the period, the trend toward globalization has threatened domestic gym and exercise equipment manufacturing. As with many manufacturing industries, offshoring has become popular in this industry over the past decades due to lower production costs. Major companies in this industry have either enlisted foreign third-party manufacturers or moved their own operations overseas. Over the five years to 2022, however, industry revenue is expected to improve modestly...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
-0.2%
Forecast Growth 17-22
Profit
Employment
6,021
Businesses
272

Industry Threats & Opportunities

  • Major companies in this industry have either enlisted foreign third-party manufacturers or moved their own operations overseas
  • Imported goods are expected to account for a larger portion of domestic demand
  • Import penetration into the manufacturing sector will keep industry revenue from increasing further
  • Industry Report - Industry Locations Chapter

    Some of the major factors that affect the number of manufacturers in a certain region are weather, size of the population and proximity to ports. Weather is a major factor that influences the sports participation rate, which can, to an extent, explain the concentration of industry establishments across certain states. The higher the sports participation rate is, the more likely it is that consumers will use gym and exercise equipment. For example, on a per state basis, California has the single highest concentration of gym and exercise equipment manufacturers, accounting for 16.2% of total industry establishments in 2017. One of the reasons behind this trend is that people are more inclined to exercise in warmer weather. As ...purchase to read more.

    Additional Insights for the Gym & Exercise Equipment Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Gym & Exercise Equipment Manufacturing Industry are

  • Establishment of brand names
  • Ability to control stock on hand
  • Ability to quickly adopt new technology
  • IBISWorld analysts also discuss how external factors such as Demand from gym, health and fitness clubs and Per capita disposable income in the Gym & Exercise Equipment Manufacturing industry impact industry performance..

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    What's in this report

    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, retailers and individual consumers.

    Industry Products
  • Treadmills
  • Ellipticals and step machines
  • Weights
  • Hydraulic equipment
  • Exercise bikes
  • Functional trainers
  • Other exercise equipment
  • Industry Activities
  • Home exercise equipment
  • Gym equipment
  • Aerobic machine
  • Strength training equipment
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from gym, health and fitness clubs
  • Per capita disposable income
  • Trade-weighted index
  • Import penetration into the manufacturing sector
  • Participation in sports

  • Current Performance
  • Feeble recovery
  • International heavy lifters
  • Chart: Revenue Growth

  • Industry Outlook
  • Steady demand
  • Global markets
  • Table: Gym & Exercise Equipment Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Gym & Exercise Equipment Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Sporting Goods Stores
  • Department Stores
  • Sports Coaching
  • Gym, Health & Fitness Clubs

  • Key Selling Industries
  • Metal Pipe & Tube Manufacturing
  • Plastic Pipe & Parts Manufacturing

  • Products & Services
  • Treadmills
  • Ellipticals and step machines
  • Weights
  • Hydraulic equipment
  • Exercise bikes
  • Functional trainers
  • Other exercise equipment
  • Chart: Gym & Exercise Equipment Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Home and individual consumers
  • Health clubs and gyms
  • Other commercial users
  • Chart: Major Market Segmentation for the Gym & Exercise Equipment Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilities MarketingOther
  • Chart: Cost Structure Benchmarking – Sector vs Gym & Exercise Equipment Manufacturing

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Gym & Exercise Equipment Manufacturing Industry

  • Industry Globalization
    Brunswick Corporation, Icon Health & Fitness Inc., Amer Sports Corporation,
  • Table: Brunswick Corporation - financial performance
  • Table: Icon Health & Fitness Inc. - financial performance
  • Table: Amer Sports Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Gym & Exercise Equipment Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Gym & Exercise Equipment Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Import penetration into the manufacturing sector (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Baby Boomers
  • The demographic of Americans born between 1946 and 1964, accounting for a major proportion of the population.
  • Obesity Rate
  • The percentage of the population with a body mass index (BMI) higher than 30.
  • Sports Participation Rate
  • The number of consumers that participate in regular physical activity as a share of the total population.
  • Wholesale Bypass
  • A popular trend within retail and manufacturing industries where producers supply goods directly to stores, eliminating the middleman.
  • What Our Customers Say

    Why buy this report?

    The Gym & Exercise Equipment Manufacturing Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Gym & Exercise Equipment Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Gym & Exercise Equipment Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Gym & Exercise Equipment Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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