The fitness equipment industry is growing today. And because of this manufacturing companies cannot meet the increasing fitness consumer demands. To help deal with this situation, used fitness equipment has become a realistic option for many home fitness enthusiasts.
Today, many health clubs are keeping their fitness equipment between four to six years before they replace them with new ones. But imagine this scenario, manufactures purposely reducing the buying period of new exercise machines by two to three years, which would theoretically cause the amount of new equipment in the marketplace to double. This is how some manufacturers hope to maximize their profits as well as create new funds to make the industry grow even larger.
Old and used fitness equipment that has been used for two to three years is now bought by large fitness companies with $500 trade-in type programs. What they do is simply dump or actually bury this used gym equipment so they won’t impact the sales of new fitness machines sales. The biggest workout equipment manufacturers are beginning to see all the advantages of various trade-in programs and using short term lease programs to produce more new exercise equipment sales.
The real problem with this approach is that health clubs or fitness gyms will never sell most of their two to three year old workout machines for just five hundred dollars. That’s because all this commercial fitness equipment is built sturdy enough to have almost an eight to ten years lifespan. So, they simply won’t trade-in their three-year old used machines unless the offered price is high enough.
In turn, this means that a manufacturer will probably not have the courage to throw out this used gym equipment. Therefore, these manufacturers will need to find buyers for their trade-in equipment and who are willing to purchase the product 50% higher than its acquired purchase value (so the retailer can make some money too).
However, the used workout equipment market demand needs to become a real trend before manufacturers can expect to sell their short-term leasing programs. For this tread to become real, first the used exercise equipment industry must be robustly and credibly established. The idea is that when new fitness equipment prices double, then the two and three year old equipment will start to dominate the fitness market, which will then most likely increase the used exercise equipment market demands.
The truth is that these manufacturers can no longer turn their heads to used fitness equipment sales or stop companies selling these products or hinder others who purchase replacement parts for refurbishing older workout machines. However, replacement parts are difficult to find and when you do, they are extremely expensive.
So if large manufacturers do not allow smaller companies to refurbish used exercise equipment, then there will be no credible market for selling this used fitness equipment. The demand will shrink and then trade-in programs and new equipment rentals will not work either.
And companies who are selling used gym equipment will have to make their advertising better so it attracts enough customers to purchase their products. The criteria that most people use to find new fitness machines are the very same as with refurbishing fitness companies. They are selling their refurbished fitness equipment with the same quality and usefulness just like with new machines.
Whatever underlying reasons there may be on why used fitness equipment is popular today, make sure that you weigh all the advantages and disadvantages before purchasing them. And always remember, it is not about the money, but instead is needs to be about the safety and quality of your workout exercise that used fitness equipments can genuinely provide.