Out of shape: Continued offshoring of US manufacturing facilities will pressure revenueAbstractGym & Exercise Equipment Manufacturing in the US
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. This growth will be bolstered by expected increased demand from gym, health and fitness clubs, as well as rising per capita disposable income.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.