U.S.: Market for Gym and Fitness Equipment 2024

Market Size for Gym and Fitness Equipment in the U.S.

In 2022, the U.S. gym and fitness equipment market decreased by -42% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, recorded a resilient expansion. As a result, consumption reached the peak level of $X, and then contracted significantly in the following year.

Production of Gym and Fitness Equipment in the U.S.

In value terms, gym and fitness equipment production reached $X in 2022. Over the period under review, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.5% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 33%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Gym and Fitness Equipment

Exports from the U.S.

For the third year in a row, the United States recorded decline in shipments abroad of gym and fitness equipment, which decreased by -1.7% to X tons in 2022. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of 19%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, gym and fitness equipment exports contracted to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 18%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X tons) was the main destination for gym and fitness equipment exports from the United States, accounting for a 35% share of total exports. Moreover, gym and fitness equipment exports to Mexico exceeded the volume sent to the second major destination, China (X tons), threefold. The UK (X tons) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico amounted to +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+3.1% per year) and the UK (-8.7% per year).

In value terms, Canada ($X) remains the key foreign market for gym and fitness equipment exports from the United States, comprising 26% of total exports. The second position in the ranking was taken by Mexico ($X), with a 6.6% share of total exports. It was followed by Germany, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value to Canada stood at +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+1.3% per year) and Germany (+1.2% per year).

Export Prices by Country

In 2022, the average gym and fitness equipment export price amounted to $X per ton, waning by -11% against the previous year. Over the period under review, the export price, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2020 an increase of 61% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+26.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gym and Fitness Equipment

Imports into the U.S.

In 2022, after three years of growth, there was significant decline in overseas purchases of gym and fitness equipment, when their volume decreased by -54.3% to X tons. Over the period under review, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 128%. Imports peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, gym and fitness equipment imports declined notably to $X in 2022. Overall, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 46%. As a result, imports reached the peak of $X, and then dropped markedly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest gym and fitness equipment supplier to the United States, with a 78% share of total imports. Moreover, gym and fitness equipment imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +14.5%.

In value terms, China ($X) constituted the largest supplier of gym and fitness equipment to the United States, comprising 64% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +3.7%.

Import Prices by Country

The average gym and fitness equipment import price stood at $X per ton in 2022, picking up by 12% against the previous year. Over the period under review, the import price, however, recorded a abrupt downturn. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-3.4%).

Source: IndexBox Platform

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