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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 | Nov 2016

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

IBISWorld’s Gym & Exercise Equipment Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
-0.2%
Annual Growth 16-21
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Profit
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Employment
5,714
Businesses
280
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... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Gym and Exercise Equipment Manufacturing industry is in the declining phase of its life cycle. Over the past decade, the broader manufacturing sector has faced a difficult operating environment. Strong competition from domestic and international players, along with an influx of imported goods into the market, has created challenging conditions for industry operators. As a result, over the 10 years to 2021, industry value added (IVA), which measures an industry's contribution to the overall economy, has increased at an annualized rate of only 0.6%, compared with 2.1% annualized growth in GDP over the same period. Low IVA, coupled with underperformance relative to US GDP growth, is characteristic of an industry in the declining stage of its life cycle.

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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, retailers and individual consumers.

Industry Products
Cardiovascular machinesFree weights Weight machinesOther exercise equipment
 
Industry Activities
Home exercise equipmentGym equipment Aerobic machine Strength training equipment


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