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Gym & Exercise Equipment Manufacturing in the US Industry Data and Analysis
Gym and exercise equipment producers in the US have faced moderate volatility in recent years, driven by escalating tariff pressures, volatile input costs and intense competition from lower-priced imports. Manufacturers have benefited from consumers becoming more health-conscious, prompting them to prioritize their health through sports and exercise, which in turn has boosted equipment sales. This shift in consumer behavior has led to a surge in demand for gyms and fitness centers, while the increasing number of people opting for at-home workouts has supported demand from the individual market. However, tariffs on Chinese goods reaching 25%, steel duties climbing to 50% and new 25% levies on Canadian and Mexican products have raised production costs, while supply chain disruptions have increased the Producer Price Index for sporting goods. The combination of rising costs and heightened price sensitivity has squeezed profitability, with profit falling from 13.0% in 2020 to 11.2% in 2025. These headwinds caused revenue to decline at a CAGR of 1.5% through 2025, reaching $2.8 billion with a 0.5% drop in the current year.
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What's included in this industry analysis
IBISWorld's research coverage on the Gym & Exercise Equipment Manufacturing industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released November 2025.
About this industry
What's this industry report about?
The Gym & Exercise Equipment Manufacturing industry in the United States operates under the NAICS industry code 33992b. 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. Related terms covered in the Gym & Exercise Equipment Manufacturing industry in the United States include obesity rate, sports participation rate and baby boomers.
What's included in this industry?
Products and services covered in Gym & Exercise Equipment Manufacturing industry in the United States include Treadmills, Ellipticals and step machines and Free weights.
What companies are included in this industry?
Companies covered in the Gym & Exercise Equipment Manufacturing industry in the United States include Life Fitness, Llc.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Gym & Exercise Equipment Manufacturing industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Gym & Exercise Equipment Manufacturing industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Gym & Exercise Equipment Manufacturing industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Gym & Exercise Equipment Manufacturing industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Gym & Exercise Equipment Manufacturing industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Gym & Exercise Equipment Manufacturing industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Gym & Exercise Equipment Manufacturing industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Gym & Exercise Equipment Manufacturing industry in the United States.
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Frequently Asked Questions
What is the market size of the Gym & Exercise Equipment Manufacturing industry in the United States in 2026?
The market size of the Gym & Exercise Equipment Manufacturing industry in the United States is $2.8bn in 2026.
How many businesses are there in the Gym & Exercise Equipment Manufacturing industry in the United States in 2025?
There are 383 businesses in the Gym & Exercise Equipment Manufacturing industry in the United States, which has grown at a CAGR of 0.2 % between 2020 and 2025.
How may import tariffs affect the Gym & Exercise Equipment Manufacturing industry in the United States?
The Gym & Exercise Equipment Manufacturing industry in the United States is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Gym & Exercise Equipment Manufacturing industry in the United States?
The Gym & Exercise Equipment Manufacturing industry in the United States is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Gym & Exercise Equipment Manufacturing industry in the United States grown or declined over the past 5 years?
The market size of the Gym & Exercise Equipment Manufacturing industry in the United States has been declining at a CAGR of 1.5 % between 2020 and 2025.
What is the forecast growth of the Gym & Exercise Equipment Manufacturing industry in the United States over the next 5 years?
Over the next five years, the Gym & Exercise Equipment Manufacturing industry in the United States is expected to grow.
What are the biggest companies in the Gym & Exercise Equipment Manufacturing industry in the United States?
The biggest company operating in the Gym & Exercise Equipment Manufacturing industry in the United States is Life Fitness, Llc
What does the Gym & Exercise Equipment Manufacturing industry in the United States include?
Home exercise equipment manufacturing and Gym equipment manufacturing are part of the Gym & Exercise Equipment Manufacturing industry in the United States.
Which companies have the highest market share in the Gym & Exercise Equipment Manufacturing industry in the United States?
The company holding the most market share in the Gym & Exercise Equipment Manufacturing industry in the United States is Life Fitness, Llc.
How competitive is the Gym & Exercise Equipment Manufacturing industry in the United States?
The level of competition is high and steady in the Gym & Exercise Equipment Manufacturing industry in the United States.
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