The Indian sports and fitness goods market size reached US$ 2.23 billion in 2023. Looking forward, the market is projected to reach US$ 3.78 billion by 2032, exhibiting a growth rate (CAGR) of 6.03% during 2023-2032.
Sports goods refer to equipment and clothes that are required for participating in sports and preventing related injuries. On the other hand, fitness goods are a subset of sports goods, which are employed during workouts. These goods are widely utilized as they aid in maintaining overall fitness, improving flexibility, muscle strength, and cardiovascular and pulmonary health of an individual. In recent years, with the increasing focus on fitness, various institutions in India are encouraging people to actively participate in physical activities.
Due to the rising prevalence of lifestyle diseases, such as obesity, stroke, type 2 diabetes, heart disease and atherosclerosis, individuals in India have started focusing on their wellbeing. As a result, there is a rise in the number of gyms and fitness centers, which in turn is boosting the sales of sports and fitness goods in the country. Social media is acting as another catalyst in driving the growth of the market. Through social media channels, such as Facebook, Instagram and Twitter, sports and fitness product manufacturers are directly communicating with the audience.
They are also using these platforms to advertise, thereby informing the potential customers about the specifications and functionalities of their products. Furthermore, the market is increasingly being driven by innovations in manufacturing technologies and domestic as well as international brands are offering a variety of advanced equipment. Some of these products include smart tennis racquets, speed training equipment, motorized treadmills and fitness bands.
2. What is the expected growth rate of the Indian sports and fitness goods market during 2024-2032?
3. What are the key factors driving the Indian sports and fitness goods market?
4. What has been the impact of COVID-19 on Indian sports and fitness goods market?
5. What is the breakup of the Indian sports and fitness goods market based on the product type?
6. What is the breakup of the Indian sports and fitness goods market based on the fitness goods?
7. What is the breakup of the Indian sports and fitness goods market based on the cardiovascular training goods?
8. What is the breakup of the Indian sports and fitness goods market based on the by end-use?
9. What are the key regions in the Indian sports and fitness goods market?
10. Who are the key companies/players of Indian sports and fitness goods market in India?
Sports goods refer to equipment and clothes that are required for participating in sports and preventing related injuries. On the other hand, fitness goods are a subset of sports goods, which are employed during workouts. These goods are widely utilized as they aid in maintaining overall fitness, improving flexibility, muscle strength, and cardiovascular and pulmonary health of an individual. In recent years, with the increasing focus on fitness, various institutions in India are encouraging people to actively participate in physical activities.
Due to the rising prevalence of lifestyle diseases, such as obesity, stroke, type 2 diabetes, heart disease and atherosclerosis, individuals in India have started focusing on their wellbeing. As a result, there is a rise in the number of gyms and fitness centers, which in turn is boosting the sales of sports and fitness goods in the country. Social media is acting as another catalyst in driving the growth of the market. Through social media channels, such as Facebook, Instagram and Twitter, sports and fitness product manufacturers are directly communicating with the audience.
They are also using these platforms to advertise, thereby informing the potential customers about the specifications and functionalities of their products. Furthermore, the market is increasingly being driven by innovations in manufacturing technologies and domestic as well as international brands are offering a variety of advanced equipment. Some of these products include smart tennis racquets, speed training equipment, motorized treadmills and fitness bands.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the Indian sports and fitness goods market report, along with forecasts at the country and regional level from 2024-2032. The report has categorized the market based on product type, fitness goods, cardiovascular training goods and end-use.Breakup by Product Type:
- Balls
- Fitness Goods
- Adventure Sports
- Golf Goods
- Other Goods
Breakup by Fitness Goods:
- Cardiovascular Training Goods
- Strength Training Goods
Breakup by Cardiovascular Training Goods:
- Treadmills
- Stationary Bikes
- Rowing Machines
- Ellipticals
- Others
Breakup by End-Use:
- Health Clubs/Gyms
- Home Consumers
- Hotels and Corporate Offices
- Hospitals, Medical Centers and Public Institutions
- Others
Regional Insights:
- West and Central India
- North India
- South India
- East India
Competitive Landscape
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry.Some of these players are:
- Cosco (India) Limited
- Nivia Sports Private Limited (Freewill Sports Pvt. Ltd.)
- Bhalla International - Vinex Sports
- Sareen Sports Industries
- Sansparelis Greenland Private Limited
Key Questions Answered in This Report
1. What was the size of the Indian sports and fitness goods market in 2023?2. What is the expected growth rate of the Indian sports and fitness goods market during 2024-2032?
3. What are the key factors driving the Indian sports and fitness goods market?
4. What has been the impact of COVID-19 on Indian sports and fitness goods market?
5. What is the breakup of the Indian sports and fitness goods market based on the product type?
6. What is the breakup of the Indian sports and fitness goods market based on the fitness goods?
7. What is the breakup of the Indian sports and fitness goods market based on the cardiovascular training goods?
8. What is the breakup of the Indian sports and fitness goods market based on the by end-use?
9. What are the key regions in the Indian sports and fitness goods market?
10. Who are the key companies/players of Indian sports and fitness goods market in India?
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 Global Sports and Fitness Goods Market
6 Indian Sports and Fitness Goods Market
7 Treadmill Manufacturing Process
8 Market Breakup by Region
9 Market Breakup by Product Type
10 Market Breakup by Fitness Goods
11 Market Breakup by Cardiovascular Training Goods
12 Market Breakup by End-use
13 Competitive Landscape
14 Profile of Key Players
List of Figures
List of Tables
Companies Mentioned
- Cosco (India) Limited
- Nivia Sports Private Limited (Freewill Sports Pvt. Ltd.)
- Bhalla International – Vinex Sports
- Sareen Sports Industries
- Sansparelis Greenland Private Limited
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 117 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 2.23 Billion |
| Forecasted Market Value ( USD | $ 3.78 Billion |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | India |
| No. of Companies Mentioned | 5 |
