Report Overview:
IMARC Group’s report, titled “Foldable Exercise Bench Manufacturing Plant Project Report 2024: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue,” provides a complete roadmap for setting up a foldable exercise bench manufacturing plant. It covers a comprehensive market overview to micro-level information such as unit operations involved, raw material requirements, utility requirements, infrastructure requirements, machinery and technology requirements, manpower requirements, packaging requirements, transportation requirements, etc. The foldable exercise bench project report provides detailed insights into project economics, including capital investments, project funding, operating expenses, income and expenditure projections, fixed costs vs. variable costs, direct and indirect costs, expected ROI and net present value (NPV), profit and loss account, financial analysis, etc.
![Foldable Exercise Bench Manufacturing Plant Project Report 2024: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue Foldable Exercise Bench Manufacturing Plant Project Report](https://www.imarcgroup.com/CKEditor/e142a79a-b89c-4d95-ab8a-4cba53eb6bc2manufacturing.webp)
Foldable Exercise Bench Market Analysis:
The market for foldable exercise bench has seen notable growth in the recent years. This growth is mostly driven by developing trend of home-based fitness and surge in health consciousness. According to National Centre for Health Statistics (U.S.) 46.9% of adult Americans met the physical activity guidelines (aerobic) and 24% of adults met guidelines for both aerobic and muscle-strengthening activities.
Fitness enthusiasts are choosing to buy foldable exercise benches because of their space-saving design and convenience. For example, according to an article published in the Economic Times in February 2024, Cube Club Max, a product of The Cube Club, is a versatile home gym bench which can be adjusted according to the user’s workout need. It comes with innovative fast bolt mechanism that allows quick adjustments, automatic locking, and simple folding when not in use, thus occupying very less space.
Foldable Exercise Bench Market Trends:
Home Gym Popularity
Surge in shift towards home gym was observed during and post-pandemic. With consumers working out at their homes, demand for compact and space-saving exercise benches increased rapidly. There are many leading companies that manufactures compact benches. One of them is Flybird Fitness which is the leading provider of indoor fitness equipment in this market. It offers Flybird Weight Bench FB299, an ultimate adjustable bench for the home gym. It is designed to support up to 880lbs of weight while offering 8 different weight positions and 3 backrest positions. This bench is compact and lightweight, requiring no assembly and making it highly suitable for home gym having limited space.
According to a data review, 61% people have a workout space in their homes, depicting that people post-pandemic are willing to workout at their home gym rather than at a commercial gym. 70% of 18-24-year-olds were found to have a home gym. Thus, with a consumer switch of commercial gym to home gym, market for foldable exercise bench is expanding rapidly.
Fitness and Health Awareness
People are investing more in exercise equipment due to the growing fitness and health awareness. This exercise culture is primarily prevailing in urban areas due to lack of space which makes foldable benches a preferable choice. As per the fitness industry statistics, home gym product sales increased to USD 424 million in 2022, which was almost double of 2019 sales. This indicated that health awareness increased after Covid-19 pandemic. In 2021, 70% of American millennials participated in fitness activities.
According to the Public Health Data, Office for Health Improvement and Disparities (OHID), in England, people with physically active lifestyle have a 20-35% lower risk of cardiovascular disease. Therefore, with people increasingly prioritizing their health and fitness, market is continuously witnessing a boost in foldable fitness equipment purchases like exercise bench.
Latest Industry News:
- In February 2023, Flybird Fitness, a leading fitness equipment company, launched Flybird Olympic Weight Bench which is a 4-in-1 bench with a solid and compact design for space-saving. This equipment is affordable, accessible, and flexible and allows the user to adjust backrest and seat.
- In 2024, Body-Solid launched GDFID225 Multi-Bench, which is durable, compact, and portable. It requires no assembly and includes 7 adjustment positions for comfort as well as flexibility. It also has built-in wheels that makes transport easy and fast. It can be folded flat for storage.
The following aspects have been covered in the foldable exercise bench manufacturing plant report:
- Market Analysis:
- Market Trends
- Market Breakup by Segment
- Market Breakup by Region
- Price Analysis
- Impact of COVID-19
- Market Forecast
The report provides insights into the landscape of the foldable exercise bench industry at the global level. The report also provides a segment-wise and region-wise breakup of the global foldable exercise bench industry. Additionally, it also provides the price analysis of feedstocks used in the manufacturing of foldable exercise bench, along with the industry profit margins.
- Detailed Process Flow:
- Product Overview
- Unit Operations Involved
- Mass Balance and Raw Material Requirements
- Quality Assurance Criteria
- Technical Tests
The report also provides detailed information related to the foldable exercise bench manufacturing process flow and various unit operations involved in a manufacturing plant. Furthermore, information related to mass balance and raw material requirements has also been provided in the report with a list of necessary quality assurance criteria and technical tests.
- Project Details, Requirements and Costs Involved:
- Land, Location and Site Development
- Plant Layout
- Machinery Requirements and Costs
- Raw Material Requirements and Costs
- Packaging Requirements and Costs
- Transportation Requirements and Costs
- Utility Requirements and Costs
- Human Resource Requirements and Costs
The report provides a detailed location analysis covering insights into the land location, selection criteria, location significance, environmental impact, expenditure, and other foldable exercise bench manufacturing plant costs. Additionally, the report provides information related to plant layout and factors influencing the same. Furthermore, other requirements and expenditures related to machinery, raw materials, packaging, transportation, utilities, and human resources have also been covered in the report.
Capital Expenditure (CapEx) and Operational Expenditure (OpEx) Analysis:
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- Project Economics:
- Capital Investments
- Operating Costs
- Expenditure Projections
- Revenue Projections
- Taxation and Depreciation
- Profit Projections
- Financial Analysis
The report also covers a detailed analysis of the project economics for setting up a foldable exercise bench manufacturing plant. This includes the analysis and detailed understanding of foldable exercise bench manufacturing plant costs, including capital expenditure (CapEx), operating expenditure (OpEx), income projections, taxation, depreciation, liquidity analysis, profitability analysis, payback period, NPV, uncertainty analysis, and sensitivity analysis. Furthermore, the report also provides a detailed analysis of the regulatory procedures and approvals, information related to financial assistance, along with a comprehensive list of certifications required for setting up a foldable exercise bench manufacturing plant.
Profitability Analysis:
Particulars |
Unit |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Total Income |
US$ |
XX |
XX |
XX |
XX |
XX |
Total Expenditure |
US$ |
XX |
XX |
XX |
XX |
XX |
Gross Profit |
US$ |
XX |
XX |
XX |
XX |
XX |
Gross Margin |
% |
XX |
XX |
XX |
XX |
XX |
Net Profit |
US$ |
XX |
XX |
XX |
XX |
XX |
Net Margin |
% |
XX |
XX |
XX |
XX |
XX |
Report Coverage:
Report Features |
Details |
Product Name |
Foldable Exercise Bench |
Report Coverage |
Detailed Process Flow: Unit Operations Involved, Quality Assurance Criteria, Technical Tests, Mass Balance, and Raw Material Requirements
Land, Location and Site Development: Selection Criteria and Significance, Location Analysis, Project Planning and Phasing of Development, Environmental Impact, Land Requirement and Costs
Plant Layout: Importance and Essentials, Layout, Factors Influencing Layout
Plant Machinery: Machinery Requirements, Machinery Costs, Machinery Suppliers (Provided on Request)
Raw Materials: Raw Material Requirements, Raw Material Details and Procurement, Raw Material Costs, Raw Material Suppliers (Provided on Request)
Packaging: Packaging Requirements, Packaging Material Details and Procurement, Packaging Costs, Packaging Material Suppliers (Provided on Request)
Other Requirements and Costs: Transportation Requirements and Costs, Utility Requirements and Costs, Energy Requirements and Costs, Water Requirements and Costs, Human Resource Requirements and Costs
Project Economics: Capital Costs, Techno-Economic Parameters, Income Projections, Expenditure Projections, Product Pricing and Margins, Taxation, Depreciation
Financial Analysis: Liquidity Analysis, Profitability Analysis, Payback Period, Net Present Value, Internal Rate of Return, Profit and Loss Account, Uncertainty Analysis, Sensitivity Analysis, Economic Analysis
Other Analysis Covered in The Report: Market Trends and Analysis, Market Segmentation, Market Breakup by Region, Price Trends, Competitive Landscape, Regulatory Landscape, Strategic Recommendations, Case Study of a Successful Venture
|
Currency |
US$ (Data can also be provided in the local currency) |
Customization Scope |
The report can also be customized based on the requirement of the customer |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the foldable exercise bench market performed so far and how will it perform in the coming years?
- What is the market segmentation of the global foldable exercise bench market?
- What is the regional breakup of the global foldable exercise bench market?
- What are the price trends of various feedstocks in the foldable exercise bench industry?
- What is the structure of the foldable exercise bench industry and who are the key players?
- What are the various unit operations involved in a foldable exercise bench manufacturing plant?
- What is the total size of land required for setting up a foldable exercise bench manufacturing plant?
- What is the layout of a foldable exercise bench manufacturing plant?
- What are the machinery requirements for setting up a foldable exercise bench manufacturing plant?
- What are the raw material requirements for setting up a foldable exercise bench manufacturing plant?
- What are the packaging requirements for setting up a foldable exercise bench manufacturing plant?
- What are the transportation requirements for setting up a foldable exercise bench manufacturing plant?
- What are the utility requirements for setting up a foldable exercise bench manufacturing plant?
- What are the human resource requirements for setting up a foldable exercise bench manufacturing plant?
- What are the infrastructure costs for setting up a foldable exercise bench manufacturing plant?
- What are the capital costs for setting up a foldable exercise bench manufacturing plant?
- What are the operating costs for setting up a foldable exercise bench manufacturing plant?
- What should be the pricing mechanism of the final product?
- What will be the income and expenditures for a foldable exercise bench manufacturing plant?
- What is the time required to break even?
- What are the profit projections for setting up a foldable exercise bench manufacturing plant?
- What are the key success and risk factors in the foldable exercise bench industry?
- What are the key regulatory procedures and requirements for setting up a foldable exercise bench manufacturing plant?
- What are the key certifications required for setting up a foldable exercise bench manufacturing plant?
Report Customization
While we have aimed to create an all-encompassing foldable exercise bench plant project report, we acknowledge that individual stakeholders may have unique demands. Thus, we offer customized report options that cater to your specific requirements. Our consultants are available to discuss your business requirements, and we can tailor the report's scope accordingly. Some of the common customizations that we are frequently requested to make by our clients include:
- The report can be customized based on the location (country/region) of your plant.
- The plant’s capacity can be customized based on your requirements.
- Plant machinery and costs can be customized based on your requirements.
- Any additions to the current scope can also be provided based on your requirements.
Why Buy IMARC Reports?
- The insights provided in our reports enable stakeholders to make informed business decisions by assessing the feasibility of a business venture.
- Our extensive network of consultants, raw material suppliers, machinery suppliers and subject matter experts spans over 100+ countries across North America, Europe, Asia Pacific, South America, Africa, and the Middle East.
- Our cost modeling team can assist you in understanding the most complex materials. With domain experts across numerous categories, we can assist you in determining how sensitive each component of the cost model is and how it can affect the final cost and prices.
- We keep a constant track of land costs, construction costs, utility costs, and labor costs across 100+ countries and update them regularly.
- Our client base consists of over 3000 organizations, including prominent corporations, governments, and institutions, who rely on us as their trusted business partners. Our clientele varies from small and start-up businesses to Fortune 500 companies.
- Our strong in-house team of engineers, statisticians, modeling experts, chartered accountants, architects, etc. has played a crucial role in constructing, expanding, and optimizing sustainable manufacturing plants worldwide.