The Indian sports and fitness goods market size reached US$ 2,094.5 Million in 2022. Looking forward, the analyst expects the market to reach US$ 3,214.5 Million by 2028, exhibiting a CAGR of 7.4% during 2022-2028.
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 2023-2028?
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:
The analyst 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 2023-2028. Our 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
- At present, Fitness Goods represent the most popular product type, owing to the growing popularity of sports, such as squash, hockey, cricket, tennis, bowling, table tennis, football, volleyball, basketball, dodge ball and handball. In addition to this, upcoming international sports events in India, such as Men’s and Women’s Hockey World League, and Women’s World T20, will further bolster the market growth.
Breakup by Fitness Goods:
- Cardiovascular Training Goods
- Strength Training Goods
- Cardiovascular training goods account for the majority of the total market share as they help in increasing muscular endurance and improving the performance of the heart and lungs. This further aids in efficiently distributing the blood and oxygen to the rest of the body.
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
- On the geographical front, West and Central India represent the largest market. This can be attributed to the rapid urbanization and increasing per capita income in the region.
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 2022?2. What is the expected growth rate of the Indian sports and fitness goods market during 2023-2028?
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 Preface2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
2.6 Study Assumptions
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Sports and Fitness Goods Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Region
5.4 Market Breakup by Product Type
5.5 Market Breakup by End-use
5.6 Market Forecast
6 Indian Sports and Fitness Goods Market
6.1 Market Overview
6.2 Market Performance
6.3 Impact Of COVID-19
6.4 Market Breakup by Region
6.5 Market Breakup by Product Type
6.6 Market Breakup by Fitness Goods
6.7 Market Breakup by Cardiovascular Training Goods
6.8 Market Breakup by End-Use
6.9 Market Forecast
6.10 SWOT Analysis
6.10.1 Overview
6.10.2 Strengths
6.10.3 Weaknesses
6.10.4 Opportunities
6.10.5 Threats
6.11 Value Chain Analysis
6.11.1 Overview
6.11.2 Research and Development
6.11.3 Inbound Logistics
6.11.4 Manufacturing and Quality Control
6.11.5 Marketing
6.11.6 Distribution
6.11.7 Retailers
6.11.8 End Users
6.12 Porter’s Five Forces Analysis
6.12.1 Overview
6.12.2 Bargaining Power of Buyers
6.12.3 Bargaining Power of Suppliers
6.12.4 Degree of Rivalry
6.12.5 Threat of New Entrants
6.12.6 Threat of Substitutes
6.13 Key Success and Risk Factors
6.14 Government Initiatives
7 Treadmill Manufacturing Process
7.1 Product Overview
7.2 Product Components
7.3 Product Component Pictures
7.4 Various Types of Unit Operations Involved
8 Market Breakup by Region
8.1 West and Central India
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 North India
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 South India
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 East India
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Product Type
9.1 Balls
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Fitness Goods
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Adventure Sports
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Golf Goods
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Other Goods
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Fitness Goods
10.1 Cardiovascular Training Goods
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Strength Training Goods
10.2.1 Market Trends
10.2.2 Market Forecast
11 Market Breakup by Cardiovascular Training Goods
11.1 Treadmills
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Stationary Bikes
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 Rowing Machines
11.3.1 Market Trends
11.3.2 Market Forecast
11.4 Ellipticals
11.4.1 Market Trends
11.4.2 Market Forecast
11.5 Others
11.5.1 Market Trends
11.5.2 Market Forecast
12 Market Breakup by End-use
12.1 Health Clubs/Gyms
12.1.1 Market Trends
12.1.2 Market Forecast
12.2 Home Consumers
12.2.1 Market Trends
12.2.2 Market Forecast
12.3 Hotels and Corporate Offices
12.3.1 Market Trends
12.3.2 Market Forecast
12.4 Hospitals, Medical Centers and Public Institutions
12.4.1 Market Trends
12.4.2 Market Forecast
12.5 Others
12.5.1 Market Trends
12.5.2 Market Forecast
13 Competitive Landscape
13.1 Competitive Structure
13.2 Key Players
14 Profile of Key Players
14.1 Cosco (India) Limited
14.2 Nivia Sports Private Limited (Freewill Sports Pvt. Ltd.)
14.3 Bhalla International - Vinex Sports
14.4 Sareen Sports Industries
14.5 Sansparelis Greenland Private Limited
List of Figures
Figure 1: India: Sports and Fitness Goods Market: Major Drivers and Challenges
Figure 2: Global: Sports and Fitness Goods Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Sports and Fitness Goods Market: Breakup by Region (in %), 2022
Figure 4: Global: Sports and Fitness Goods Market: Breakup by Product Type (in %), 2022
Figure 5: Global: Sports and Fitness Goods Market: Breakup by End-Use (in %), 2022
Figure 6: Global: Sports and Fitness Goods Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: India: Sports and Fitness Goods Market: Sales Value (in Million US$), 2017-2022
Figure 8: India: Sports and Fitness Goods Market: Breakup by Region (in %), 2022
Figure 9: India: Sports and Fitness Goods Market: Breakup by Product Type (in %), 2022
Figure 10: India: Sports and Fitness Goods Market: Breakup by Fitness Goods (in %), 2022
Figure 11: India: Sports and Fitness Goods Market: Breakup by Cardiovascular Training Goods (in %), 2022
Figure 12: India: Sports and Fitness Goods Market: Breakup by End-Use (in %), 2022
Figure 13: India: Sports and Fitness Goods Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: India: Sports and Fitness Goods Industry: SWOT Analysis
Figure 15: India: Sports and Fitness Goods Industry: Value Chain Analysis
Figure 16: India: Sports and Fitness Goods Industry: Porter’s Five Forces Analysis
Figure 17: West and Central India: Sports and Fitness Goods Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: West and Central India: Sports and Fitness Goods Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: North India: Sports and Fitness Goods Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: North India: Sports and Fitness Goods Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: South India: Sports and Fitness Goods Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: South India: Sports and Fitness Goods Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: East India: Sports and Fitness Goods Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: East India: Sports and Fitness Goods Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: India: Sports and Fitness Goods (Balls) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: India: Sports and Fitness Goods (Balls) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: India: Sports and Fitness Goods (Fitness Goods) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: India: Sports and Fitness Goods (Fitness Goods) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: India: Sports and Fitness Goods (Adventure Sports) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: India: Sports and Fitness Goods (Adventure Sports) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: India: Sports and Fitness Goods (Golf Goods) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: India: Sports and Fitness Goods (Golf Goods) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: India: Sports and Fitness Goods (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: India: Sports and Fitness Goods (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: India: Sports and Fitness Goods (Cardiovascular Training) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: India: Sports and Fitness Goods (Cardiovascular Training) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: India: Sports and Fitness Goods (Strength Training) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: India: Sports and Fitness Goods (Strength Training) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: India: Sports and Fitness Goods (Treadmills) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: India: Sports and Fitness Goods (Treadmills) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: India: Sports and Fitness Goods (Stationary Bike) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: India: Sports and Fitness Goods (Stationary Bike) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: India: Sports and Fitness Goods (Rowing Machine) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: India: Sports and Fitness Goods (Rowing Machine) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: India: Sports and Fitness Goods (Ellipticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: India: Sports and Fitness Goods (Ellipticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: India: Sports and Fitness Goods (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: India: Sports and Fitness Goods (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: India: Sports and Fitness Goods (Health Clubs/Gyms) Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: India: Sports and Fitness Goods (Health Clubs/Gyms) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: India: Sports and Fitness Goods (Home Consumers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: India: Sports and Fitness Goods (Home Consumers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: India: Sports and Fitness Goods (Hotels and Corporate Offices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: India: Sports and Fitness Goods (Hotels and Corporate Offices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: India: Sports and Fitness Goods (Hospitals, Medical Centers and Public Institutions) Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: India: Sports and Fitness Goods (Hospitals, Medical Centers and Public Institutions) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: India: Sports and Fitness Goods (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: India: Sports and Fitness Goods (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Treadmill Manufacturing Process: Various Unit Operations Involved
List of Tables
Table 1: Global: Sports and Fitness Goods Market: Key Industry Highlights, 2022 and 2028
Table 2: India: Sports and Fitness Goods Market: Key Industry Highlights, 2022 and 2028
Table 3: India: Treadmill: Product Components
Table 4: India: Sports and Fitness Goods Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: India: Sports and Fitness Goods Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 6: India: Sports and Fitness Goods Market Forecast: Breakup by Fitness Goods (in Million US$), 2023-2028
Table 7: India: Sports and Fitness Goods Market Forecast: Breakup by Cardiovascular Training Goods (in Million US$), 2023-2028
Table 8: India: Sports and Fitness Goods Market Forecast: Breakup by End-Use (in Million US$), 2023-2028
Table 9: India: Sports and Fitness Goods Market Structure
Table 10: India: Sports and Fitness Goods Market: Key Players
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
LOADING...
