Gym & Exercise Equipment Manufacturing in the US - Market Research Report (2014-2029)

Pumping iron: Profit will benefit from decreased import penetration

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.

Globalization trends have negatively influenced domestic gym and exercise equipment manufacturing, as foreign manufacturers produce gym and exercise equipment at far lower costs. Nonetheless, innovative gym and exercise equipment has attracted consumers to US-made products and mitigated import penetration. Revenue declined in 2020 because of gym closures following the outbreak of COVID-19. Individuals purchasing gym and exercise equipment for home workouts offset some losses in the commercial market. Overall, industry-wide revenue grew at a CAGR of 1.0% to $2.2 billion over the past five years, including 0.4% recovery growth in 2023.

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.