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

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 social distancing regulations and consumers looking to slow the spread of the virus. During this time, manufacturers benefited from the many consumers looking to build an at-home gym or exercise space, contributing to revenue gains. As the economy reopened, gyms and fitness centers saw an influx in demand, driving a boom in demand for new gym equipment. Heightened inflationary pressure in 2022 and 2023 have caused revenue growth to slow down as consumers prioritize necessities. These trends will cause revenue to grow at an estimated CAGR of 4.9% to $3.8 billion through 2024, including a 0.6% gain that year alone.