Gym Equipment’s Booming Potential
Fitness and dieting are modern solutions to modern problems. We led an active lifestyle and consumed various foods in the natural environments our bodies evolved in. Today, we have left that life far behind.
The gym equipment import-export data serves as good evidence. The industry is expected to reach $273 billion in revenue by 2030 at its current growth rate. People just aren’t happy without some kind of physical exercise.
With a lack of any inherent physical activity in our new high-tech world, gyms offer an efficient and accessible solution. Let’s look at some standard equipment found in a gym to ascertain its supply chain.
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Out of the various types of gyms, we can narrow down the most common equipment by their utility. Starting with the biggest in size, most gyms would have the following:
- Installed Equipment: Infrastructural pieces like dumbbell racks, bench press benches, and Pull up rods. These are often sourced locally, although they are also traded across borders.
- Heavy Weight Lifting Machines: These include Smith machines, Rowing machines, Leg Press, Cable machines, and Other heavy sets that are sold as one piece.
- Cardio-Specific Heavy Machines: Like Stationary Exercycles, Stairmasters, and Treadmills. These involve some technology and maintenance.
- Portable Weights: Dumbbells, kettlebells, barbells, and other weights. These are often sold in sets or individually. I’ve also considered specialized portable equipment like Battle Ropes here.
- Functional Training Equipment: Everything from yoga mats and skipping ropes to ab rollers and resistance bands.
There are also other specialized types of equipment that are commonly traded, like wrestling mats and floor cushioning. Moving on to the supply chain.
Each of the leading destinations has its own cluster of specialization. It is more obvious for some than others, like China. The country’s manufacturing capabilities and vast network of suppliers make it ideal for various kinds of these products.
Meanwhile, the Netherlands is a major trade hub for all of Europe with strong logistics and infrastructure. The gym equipment export data also shows that Italy exports some high-end and aesthetic products in this category. Some examples of these brands would be Prodotti and Panatta.
Top Exporting Countries (2021)
- China ($12.2 billion)
- Chinese Taipei ($2.52 billion)
- United States ($769 million)
- Netherlands ($663 million)
- Italy ($542 million)
The need for gyms is something unique to higher-income class people who sit at desks and work in offices. That’s why we see that the biggest importers are some of the most developed countries in the world. As people’s earnings increase, they focus more on their quality of life.
This makes them more health conscious. With high-paying jobs that take up their time, gyms provide an efficient way to achieve higher levels of health and satisfaction. The gym equipment import data shows that these countries import specialized equipment from all over the world.
Top Importing Countries (2021)
- United States ($6.46 billion)
- Germany ($1.28 billion)
- United Kingdom ($1.01 billion)
- Canada ($881 million)
- Netherlands ($729 billion)
What to Expect
We can see an increasing awareness about health and fitness, coupled with a growing emphasis on personal wellness worldwide. Experts expect explosive growth in the coming years. The industry is currently valued at $621 million and is expected to rise to a whopping $3,472 million, and that’s just in the US!
The rise of smart fitness devices and connected equipment is anticipated to shape the future, providing personalized and interactive fitness experiences. Innovative product design, technological advancements, and a focus on user experience are some of the biggest growth factors.