$2.5bn
$XXX.Xm
6,798
271
$XXX.Xm
Demand for new gym and exercise equipment has been growing in recent years. Consumers have been becoming more health-conscious, pushing them to care for their health through sports and exercise and boosting equipment sales. The pandemic resulted in drastic revenue losses, mainly driven by regulations that prevented non-essential businesses from resuming operations. During this time, manufacturers benefited from the many consumers looking to build an at-home gym or exercise space. This trend and lifted regulations enabled revenue to recover quickly from pandemic-related losses. Revenue has grown at an estimated CAGR of 2.3% to $2.5 billion over the past five years, including a 1.6% jump in 2024 alone.
Industry revenue has grown at a CAGR of 2.3 % over the past five years, to reach an estimated $2.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Brunswick Corporation | 667.9 | 18.1 | 2.7 |
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Industry revenue is measured across several distinct product and services lines, including Treadmills, Ellipticals and step machines and Free weights. Treadmills is the largest segment of the Gym & Exercise Equipment Manufacturing in the US.
The popularity of treadmills has crept downward
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.
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NAICS 339920 - Gym & Exercise Equipment Manufacturing in the US
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One company has amassed more than 5.0% of the market. Life Fitness has done so by providing various products and being a reliable supplier to the commercial market.
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Manufacturers receive little government assistance. Private associations provide most of the assistance for gym and exercise equipment manufacturers.
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Profit has inched upward in recent years. This can be partially attributed to rising demand for new equipment and the popular trend of bypassing wholesalers.
Including values and annual change:
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Key data sources in the US include:
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The market size of the Gym & Exercise Equipment Manufacturing in the US industry in United States is $2.5bn in 2024.
There are 271 businesses in the Gym & Exercise Equipment Manufacturing in the US industry in United States, which has grown at a CAGR of 0.1 % between 2019 and 2024.
The market size of the Gym & Exercise Equipment Manufacturing in the US industry in United States has been growing at a CAGR of 2.3 % between 2019 and 2024.
Over the next five years, the Gym & Exercise Equipment Manufacturing in the US industry in United States is expected to grow.
The biggest company operating in the Gym & Exercise Equipment Manufacturing market in United States is Brunswick Corporation
Home exercise equipment manufacturing and Gym equipment manufacturing are part of the Gym & Exercise Equipment Manufacturing in the US industry.
The company holding the most market share in United States is Brunswick Corporation.
The level of competition is high and steady in the Gym & Exercise Equipment Manufacturing in the US industry in United States.