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Indian Sports and Fitness Goods Market; By Product Type: Balls, Fitness Goods, Adventure Sports, Golf Goods, Others; By Fitness Goods; By Cardiovascular Training Goods; By End Use; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Competitive Landscape; Industry Events and Developments

Indian Sports and Fitness Goods Market Outlook

The Indian sports and fitness goods market attained a value of USD 3,944.8 million in 2019. The market is further estimated to witness a CAGR of 8.9% during the forecast period of 2020-2025 to reach USD 6,579.5 million by 2025.

Based on the product types, the balls segment dominated the market in 2019. The segment growth is attributed to the growing popularity of sports such as squash, cricket, hockey, tennis, table tennis, bowling, football, basketball, volleyball, dodge ball, and handball, among others. Additionally, upcoming international sports events in India, such as Women's World T20, and Men's and Women's Hockey World League is further anticipated to uplift the market growth.

Based on the fitness goods, the cardiovascular training segment accounted for the majority of the market share in 2019, as they improve the performance of the lungs and heart and help in increasing muscular endurance. Also, it aids in the efficient distribution of blood and oxygen to the rest of the body. On the basis of the cardiovascular training goods, the treadmills segment dominated the market in 2019 as they provide an efficient aerobic workout, which can be done without expert guidance. Based on the end-use, the gyms/health clubs segment led the market in 2019. Rising incidences of lifestyle diseases and the growing number of obese population have increased the health consciousness among people.

Regionally, West and Central India accounted for the largest market in the Indian sports and fitness goods market. The rapid urbanisation and increasing per capita income in the region is expected to boost the market growth.

 

Properties and Applications

Sports goods are the equipment and clothing required for participating in sports that help in preventing sports-related injuries. In addition, fitness goods are defined as a subset of sports goods that are worn during workouts. These goods are widely used among individuals, as they offer many benefits, including improving flexibility, muscle strength, and cardiovascular and pulmonary health. Moreover, with the increasing focus on fitness, various institutions in India are encouraging people to actively participate in physical activities. In addition to this, the penetration of unconventional fitness activities such as aerobics, Zumba, trekking, ice skating, and kickboxing has further led a major section of the society, particularly the young population to incorporate these activities in their daily lives. Besides, the rise in the number of gyms and fitness centres has further augmented the demand for these goods across the country.

The major product types in the market are:

  • Balls
  • Fitness Goods
  • Adventure Sports
  • Golf Goods
  • Others

The market can be broadly segregated on the basis of fitness goods segment into:

  • Cardiovascular Training 
  • Strength Training 

Based on the cardiovascular training goods, the market is segmented into:

  • Treadmills
  • Stationary Bikes
  • Rowing Machines
  • Ellipticals
  • Others

On the basis of end-use, the industry is fragmented into:

  • Health Clubs/Gyms
  • Home Consumers
  • Hotels and Corporate Offices
  • Hospitals, Medical Centres, and Public Institutions
  • Others

The EMR report looks into the regional markets in the market like West and Central India, North India, South India, and East India.

 

Market Analysis 

The increasing inciden cesof lifestyle diseases, such as type-2 diabetes, stroke, obesity, cardiovascular disorders, heart disease, and atherosclerosis, has encouraged the individuals in India to focus on their wellbeing. It has led to the rising number of gyms and fitness centres, thus, propelling the sales of sports and fitness goods in India. Social media platforms such as Facebook, Instagram, and Twitter, is also catalysing the market growth. Through social media channels, manufacturers are able to communicate directly with the audience. The manufacturers are also using these platforms to advertise, thereby informing potential customers about their products.

Furthermore, the market is increasingly being driven by innovations and advancements in manufacturing technologies. These products include smart tennis racquets, motorised treadmills, speed training equipment, and fitness bands. Factors strengthening the growth of the market also includes free access to facilities like gyms, swimming pools, and courts, which are expected to impel the demand for sports and fitness goods.

 

Competitive Landscape 

The report presents a detailed analysis of the following key players in the Indian sports and fitness goods market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Cosco (India) Limited
  • Bhalla International - Vinex
  • Nivia Sports Private Limited
  • Sanspareils Greenlands Private Limited
  • Others 

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Market Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    India
7    Industry Opportunities and Challenges
8    Global Sports and Fitness Goods Market Overview

    8.1    Key Industry Highlights
    8.2    Global Sports and Fitness Goods Historical Market (2015-2019) 
    8.3    Global Sports and Fitness Goods Market Forecast (2020-2025)
    8.4    Global Sports and Fitness Goods Market by Product Type
    8.5    Global Sports and Fitness Goods Market by End Use
    8.6    Global Sports and Fitness Goods Market by Region
        8.6.1    North America
        8.6.2    Europe
        8.6.3    Latin America
        8.6.4    Asia pacific
        8.6.5    Middle East and Africa 
9    Indian Sports and Fitness Goods Market Analysis
    9.1    Key Industry Highlights
    9.2    Indian Sports and Fitness Goods Historical Market (2015-2019) 
    9.3    Indian Sports and Fitness Goods Market Forecast (2020-2025)
    9.4    Indian Sports and Fitness Goods Market by Product Type
        9.4.1    Balls
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2015-2019)
            9.4.1.3    Forecast Trend (2020-2025)
        9.4.2    Fitness Goods 
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2015-2019)
            9.4.2.3    Forecast Trend (2020-2025)
        9.4.3    Adventure Sports
            9.4.3.1    Market Share
            9.4.3.2    Historical Trend (2015-2019)
            9.4.3.3    Forecast Trend (2020-2025)
        9.4.4     Golf Goods
            9.4.4.1    Market Share
            9.4.4.2    Historical Trend (2015-2019)
            9.4.4.3    Forecast Trend (2020-2025)
        9.4.5    Others
    9.5    Indian Sports and Fitness Goods Market by Fitness Goods
        9.5.1    Cardiovascular Training Goods
            9.5.1.1    Market Share
            9.5.1.2    Historical Trend (2015-2019)
            9.5.1.3    Forecast Trend (2020-2025)
        9.5.2    Strength Training Goods
            9.5.2.1    Market Share
            9.5.2.2    Historical Trend (2015-2019)
            9.5.2.3    Forecast Trend (2020-2025)
    9.6    Indian Sports and Fitness Goods Market by Cardiovascular Training Goods
        9.6.1    Treadmills
            9.6.1.1    Market Share
            9.6.1.2    Historical Trend (2015-2019)
            9.6.1.3    Forecast Trend (2020-2025)
        9.6.2    Stationary Bikes
            9.6.2.1    Market Share
            9.6.2.2    Historical Trend (2015-2019)
            9.6.2.3    Forecast Trend (2020-2025)
        9.6.3    Rowing Machines
            9.6.3.1    Market Share
            9.6.3.2    Historical Trend (2015-2019)
            9.6.3.3    Forecast Trend (2020-2025)
        9.6.4    Ellipticals
            9.6.4.1    Market Share
            9.6.4.2    Historical Trend (2015-2019)
            9.6.4.3    Forecast Trend (2020-2025)
        9.6.5    Others
    9.7    Indian Sports and Fitness Goods Market by End Use  
        9.7.1    Health Clubs/Gyms
            9.7.1.1    Market Share
            9.7.1.2    Historical Trend (2015-2019)
            9.7.1.3    Forecast Trend (2020-2025)
        9.7.2    Home Consumers
            9.7.2.1    Market Share
            9.7.2.2    Historical Trend (2015-2019)
            9.7.2.3    Forecast Trend (2020-2025)
        9.7.3    Hotels and Corporate Offices
            9.7.3.1    Market Share
            9.7.3.2    Historical Trend (2015-2019)
            9.7.3.3    Forecast Trend (2020-2025)
        9.7.4    Hospitals, Medical Centres, and Public Institutions
            9.7.4.1    Market Share
            9.7.4.2    Historical Trend (2015-2019)
            9.7.4.3    Forecast Trend (2020-2025)
        9.7.5    Others
    9.8    Indian Sports and Fitness Goods Market by Region
        9.8.1    Market Share
            9.8.1.1    North India
            9.8.1.2    South India
            9.8.1.3    East India
            9.8.1.4    West and Central India
10    Regional Analysis
    10.1    North India
        10.1.1    Historical Trend (2015-2019)
        10.1.2    Forecast Trend (2020-2025)
    10.2    South India
        10.2.1    Historical Trend (2015-2019)
        10.2.2    Forecast Trend (2020-2025)
    10.3    East India
        10.3.1    Historical Trend (2015-2019)
        10.3.2    Forecast Trend (2020-2025)
    10.4    West and Central India
        10.4.1    Historical Trend (2015-2019)
        10.4.2    Forecast Trend (2020-2025)
11    Market Dynamics
    11.1    SWOT Analysis
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
    11.2    Porter’s Five Forces Analysis
        11.2.1    Supplier’s Power
        11.2.2    Buyers Power
        11.2.3    Threat of New Entrants
        11.2.4    Degree of Rivalry
        11.2.5    Threat of Substitutes
    11.3    EMR’s Key Indicators for Demand
    11.4    EMR’s Key Indicators for Price
12    Value Chain Analysis
13    Manufacturing Process

    13.1    Detailed Process Flow
    13.2    Operations Involved
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players’ Market Share
    14.3    Company Profiles
        14.3.1    Cosco (India) Limited
            14.3.1.1    Company Overview
            14.3.1.2    Product Portfolio
            14.3.1.3    Demographic Reach and Achievements
            14.3.1.4    Certifications
        14.3.2    Bhalla International - Vinex
            14.3.2.1    Company Overview
            14.3.2.2    Product Portfolio
            14.3.2.3    Demographic Reach and Achievements
            14.3.2.4    Certifications 
        14.3.3    Nivia Sports Private Limited
            14.3.3.1    Company Overview
            14.3.3.2    Product Portfolio
            14.3.3.3    Demographic Reach and Achievements
            14.3.3.4    Certifications 
        14.3.4    Sanspareils Greenlands Private Limited,
            14.3.4.1    Company Overview
            14.3.4.2    Product Portfolio
            14.3.4.3    Demographic Reach and Achievements
            14.3.4.4    Certifications 
        14.3.5    Others
15    Industry Events and Developments


List of Figures and Tables

1.    Global Sports and Fitness Goods Market: Key Industry Highlights, 2015 and 2025
2.    Global Sports and Fitness Goods Historical Market: Breakup by Product Type (USD Million), 2015-2019
3.    Global Sports and Fitness Goods Market Forecast: Breakup by Product Type (USD Million), 2020-2025
4.    Global Sports and Fitness Goods Historical Market: Breakup by End Use (USD Million), 2015-2019
5.    Global Sports and Fitness Goods Market Forecast: Breakup by End Use (USD Million), 2020-2025
6.    Global Sports and Fitness Goods Historical Market: Breakup by Region (USD Million), 2015-2019
7.    Global Sports and Fitness Goods Market Forecast: Breakup by Region (USD Million), 2020-2025
8.    Indian Sports and Fitness Goods Market: Key Industry Highlights, 2015 and 2025
9.    Indian Sports and Fitness Goods Historical Market: Breakup by Product Type (USD Million), 2015-2019
10.    Indian Sports and Fitness Goods Market Forecast: Breakup by Product Type (USD Million), 2020-2025
11.    Indian Sports and Fitness Goods Historical Market: Breakup by Fitness Goods (USD Million), 2015-2019
12.    Indian Sports and Fitness Goods Market Forecast: Breakup by Fitness Goods (USD Million), 2020-2025
13.    Indian Sports and Fitness Goods Historical Market: Breakup by Cardiovascular Training Goods (USD Million), 2015-2019
14.    Indian Sports and Fitness Goods Market Forecast: Breakup by Cardiovascular Training Goods (USD Million), 2020-2025
15.    Indian Sports and Fitness Goods Historical Market: Breakup by End Use (USD Million), 2015-2019
16.    Indian Sports and Fitness Goods Market Forecast: Breakup by End Use (USD Million), 2020-2025
17.    Indian Sports and Fitness Goods Historical Market: Breakup by Region (USD Million), 2015-2019
18.    Indian Sports and Fitness Goods Market Forecast: Breakup by Region (USD Million), 2020-2025
19.    Indian Sports and Fitness Goods Market Structure

Key Questions Answered in the Report

In 2019, the Indian sports and fitness goods market attained a value of nearly USD 3,944.8 million. 

The market is projected to grow at a CAGR of 8.9% between 2020 and 2025.

The market is estimated to witness a healthy growth in the forecast period of 2020-2025 to reach about USD 6,579.5 million by 2025.

The major drivers of the industry, such as rising disposable incomes, increasing population, growing health awareness, the rising popularity of different sports, increasing prevalence of lifestyle disorders, and increased product demand from the younger population are expected to aid the market growth.

The key market trend guiding the growth of the sports and fitness goods market includes the advancements in manufacturing technologies to develop products like smart tennis racquets and others, an increase in the number of gyms and fitness centres, and growing influence of social media on potential customers.

The major regions in the industry are West and Central India, North India, South India, and East India, with West and Central India accounting for the largest share in the market.

The balls are the leading sports and fitness goods product type in the industry.

The fitness goods category in the industry is led by the cardiovascular training goods segment.

The treadmills dominate the cardiovascular training goods segment in the industry.

The gyms/health clubs segment is the leading end-use segment of sports and fitness goods.

The major players in the industry are Unicharm Corporation, Kimberly-Clark Corporation, and Attends Healthcare Group Ltd., others.

Analyst Review

The Indian sports and fitness goods market attained a value of USD 3,944.8 million in 2019, driven by the rising prevalence of cardiovascular and lifestyle-related disorders, rising awareness regarding health, and inflating disposable incomes. Aided by the advancement in technology to manufacture smart fitness goods and equipment and the growing establishment of gyms and fitness centres, the market is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 8.9%. The market is projected to reach USD 6,579.5 million by 2025.
 
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the industry can be segmented into balls, fitness goods, adventure sports, golf goods, and other goods, with balls segment accounting for the largest market share. On the basis of fitness goods, the industry is bifurcated into cardiovascular training goods and strength training goods, where cardiovascular training goods sector accounts for the leading share in the industry. Based on cardiovascular training goods, the market is led by treadmills segment. On the basis of end uses, gyms/health clubs segment exhibits a clear dominance in the industry. The major regional markets for sports and fitness goods in India are West and Central India, North India, South India, and East India, with West and Central India accounting for the largest share of the market. The key players in the above market include Unicharm Corporation, Kimberly-Clark Corporation, and Attends Healthcare Group Ltd., among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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