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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
-0.2%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
5,714
Businesses
280
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
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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 Key Buyers Chapter

The Gym and Exercise Equipment Manufacturing industry has a medium level of market share concentration, with the top two companies accounting for 58.4% of industry revenue. The industry requires a significant amount of capital in both the manufacturing and R&D process, deterring new entrants from entering the space. In addition, the top companies have established brands, which makes it tougher for new participants to break through. While the industry is concentrated at the top, the remaining share of the market is composed of smaller companies that specialize in niche areas. An example of this is Peloton, a New York City-based manufacturer of exercise bicycles that stream spin classes live via a built in HD television.

.. ... 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... purchase to read more

     


    Industry ProductsRelated Reports

    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


    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
  • 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 Corporation
    ICON 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
  • Includes:
  • 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?
    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 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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