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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