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

The Gym & Exercise Equipment Manufacturing industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.


Industry Threats & Opportunities

  • Weak domestic demand encouraged industry operators to focus on international markets
  • As manufacturers offshore, imported goods will account for a larger portion of domestic demand
  • Politicians are focusing more on preventive practices such as exercise, which will boost demand
  • Industry Analysis & Industry Trends

    The Gym and Exercise Equipment Manufacturing industry has struggled to pull its weight over the past five years. Even as industry revenue risen in certain years over the period, the trend toward industry globalization has threatened the future growth of 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. In the five years to 2021, industry revenue is expected to continue declining, largely due to the continued offshoring of US manufacturing facilities.

    Industry Report - Industry Products Chapter

    Cardiovascular equipment

    Cardiovascular equipment include machines specifically designed to improve cardiovascular health. Treadmills, stair climbers, elliptical trainers, and rowing machines are all popular cardiovascular equipment. According to the International Health, Racquet and Sports Club Association, treadmills and other cardio equipment are the most commonly used gym apparatus. As the number of fitness establishments and gym memberships increased over the past five years, growth in this product segment has outpaced growth in other industry segments. Additionally, a variety of technological innovations in this category have occurred over the past five years, further boosting segment share. Com

    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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    Industry Products

    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
    Cardiovascular machines
    Free weights
    Weight machines
    Other exercise equipment
    Industry Activities
    Home exercise equipment
    Gym equipment
    Aerobic machine
    Strength training equipment

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from gym, health and fitness clubs
  • Per capita disposable income
  • Trade-weighted index
  • Demand from sporting goods stores
  • 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

  • Products & Markets
    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
  • Cardiovascular machines
  • Weight machines
  • Other exercise equipment
  • Free weights
  • Chart: Gym & Exercise Equipment Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Fitness clubs and other businesses
  • Exports
  • Retailers and Wholesalers
  • Consumers
  • Chart: Major Market Segmentation for the Gym & Exercise Equipment Manufacturing Industry

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

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

  • Industry Globalization
    Major Companies
    Brunswick CorporationICON Health & Fitness Inc.
  • Table: Brunswick Corporation - financial performance
  • Table: ICON Health & Fitness Inc. - financial performance

  • Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Gym & Exercise Equipment Manufacturing Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Import penetration into the manufacturing sector (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    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.
  • Why buy this report?

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    • Identify threats and opportunities
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    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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