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Indian Sports and Fitness Goods Market

Indian Sports and Fitness Goods Market Size, Share, Growth: By Product Type: Balls, Fitness Goods, Adventure Sports, Golf Goods, Others; By Fitness Goods: Cardiovascular Training Goods, Strength Training Goods; By Cardiovascular Training Goods: Treadmills, Others; By End Use; Regional Analysis; Competitive Landscape; 2024-2032

Indian Sports and Fitness Goods Market Outlook

The Indian sports and fitness goods market size was valued at USD 5,094.58 million in 2023. The market is further projected to grow at a CAGR of 8.9% between 2024 and 2032, reaching a value of USD 10,973.88 million by 2032.

 

Key Takeaways

  • According to Indian sports and fitness goods market statistics, India exported sports equipment worth USD 546 million in the year 2021-22.
  • The retail market for sports and athleisure products in India is expected to reach INR 402 billion by 2025.
  • Global downloads of health and fitness apps increased by 46% between Q1 and Q2 2020.
  • In January 2022, the exercise and fitness segment saw a growth of 24% led by large equipment such as treadmills and exercise bikes.

 

Sports and fitness goods are products that are used for physical exercise, sports activities, or recreational purposes. They include equipment, apparel, footwear, accessories, and nutrition supplements.

 

The Indian sports and fitness goods market is growing due to various factors, such as increasing health awareness, rising disposable income, changing lifestyle preferences, and government initiatives to promote sports culture. Additionally, the emergence of online platforms, social media influencers, and celebrity endorsements have also boosted the demand for sports and fitness goods among consumers.

 

Indian Sports and Fitness Goods Market

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Key Trends and Developments

Growing demand for online fitness platforms and apps and increasing adoption of smart wearables and devices are accelerating the Indian sports and fitness goods market development

 

Date Company News
February 2024 Samsung Samsung has introduced the Galaxy Fit3, a new fitness tracker, in India. It enables user to track their workouts and customise their preferences.
February 2024 Amazfit The Amazfit Active is a smartwatch designed for active individuals. It features a crisp and bright display, accurate health sensors, and a stylish design.
February 2024 Delhi Government Lieutenant Governor VK Saxena, is planning to establish sports complexes in every Delhi village as part of its "Fit India" initiative.
October 2023 Sanspareils Greenlands (SG) Cricket equipment manufacturer Sanspareils Greenlands (SG) ramped up production due to increased demand for bats during the 2023 World Cup in India.

 

 

Trends Impact
Growing demand for online fitness platforms and apps This trend is driven by the shift to remote work and home-based workouts. Online fitness platforms offer convenience, affordability, and personalisation to consumers, which creates new opportunities for fitness equipment and accessories manufacturers and sellers to partner with online platforms and expand their customer base.
Rising popularity of sports leagues and events This trend is fuelled by the increasing media coverage, sponsorship, and fan engagement of various sports leagues and events in India, such as cricket, football, kabaddi, badminton. These leagues and events boost the awareness and participation of sports among the masses and encourage them to buy sports goods and merchandise related to their favourite teams and players.
Increasing adoption of smart wearables and devices This trend is influenced by the growing health consciousness of consumers, who seek to track and monitor their fitness and wellness data through smart wearables and devices, such as smartwatches, fitness bands, smart shoes, etc. These devices also offer features like GPS, music, and notifications that enhance the user experience.
Increasing government initiatives and policies to promote sports and fitness This is supported by the government's efforts to improve the sports infrastructure, facilities, and to encourage the participation and performance of athletes in national and international events. The government also provides incentives, subsidies, and schemes to support the sports and fitness industry, which enhances the development of the sports and fitness goods market in India.

 

Indian Sports and Fitness Goods Market Trends

Sports and fitness 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. This is expected to fuel the Indian sports and fitness goods market growth.

 

In addition to this, the penetration of unconventional fitness activities such as aerobics, Zumba, trekking, ice skating, and kickboxing has further prompted young population to demand for sports and fitness goods. Besides, the rise in the number of gyms and fitness centres has further augmented the sports and fitness goods market expansion in India.

 

Moreover, the rise of social media platforms such as Facebook, Instagram, and Twitter, is also catalysing the sports and fitness goods market size. Through social media channels, companies can communicate directly with the audience looking for fitness equipment. The sports and fitness goods manufacturers are also using these platforms to advertise, thereby informing potential customers about their latest products.

 

Furthermore, latest innovations and advancements in manufacturing technologies have also increased the sports and fitness goods market value. These products include smart tennis racquets, motorised treadmills, speed training equipment, and fitness bands.

 

Indian Sports and Fitness Goods Market By Product Type

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Market Segmentation

Indian Sports and Fitness Goods Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

 

Market Breakup Categories
Product Type Balls, Fitness Goods, Adventure Sports, Golf Goods, Others
Fitness Goods Cardiovascular Training Goods, Strength Training Goods
Cardiovascular Training Goods Treadmills, Stationary Bikes, Rowing Machines, Ellipticals, Others
End-Use Health Clubs/Gyms, Home Consumers, Hotels and Corporate Offices, Hospitals, Medical Centres, and Public Institutions, Others
Region North India, South India, East India, West and Central India

 

Cardiovascular and strength training goods aid in Indian sports and fitness goods market expansion due to rising awareness about the importance of weight management and muscle health

Cardiovascular training goods include treadmills, ellipticals, stationary bikes, rowers, and others. Strength training goods include dumbbells, barbells, weight plates, kettlebells, resistance bands, and others. According to Indian sports and fitness goods market report, the cardiovascular training goods segment is expected to grow due to the rising awareness about the benefits of cardio exercises, the increasing prevalence of lifestyle diseases, and the growing demand for home fitness equipment.

 

The strength training goods segment also holds a substantial Indian sports and fitness goods market share and is also expected to grow due to the increasing popularity of strength training among the youth, the rising awareness about the importance of muscle health, and the availability of various types of strength training equipment.

 

Health clubs/gyms hold a significant market share due to the presence of several gym chains in India

Health clubs/gyms segment accounts for the largest share sports and fitness goods market in India as more people are becoming health conscious and are joining fitness centres. The demand for fitness equipment, such as treadmills, ellipticals, bikes, rowers, and strength machines, is high in this segment. The market is also driven by the increasing number of franchised gyms and fitness chains, such as Gold's Gym, Talwalkars, and Cult.fit, that offer quality services to their customers.

 

According to Indian sports and fitness goods market analysis, the hotels and corporate offices segments are growing rapidly, as many hotels and corporate offices are providing fitness facilities to their guests and employees, respectively. The demand for fitness equipment, such as cardio machines, weights, yoga mats, and resistance bands, is high in this segment. The market is also influenced by the rising trend of wellness tourism and corporate wellness programs, which aim to improve the physical and mental well-being of travellers and workers.

 

The hospital segment is emerging with a fast growth rate, as many hospitals are offering rehabilitation and physiotherapy services to their patients, especially those with chronic diseases, injuries, or disabilities. The demand for fitness goods, such as exercise balls, balance boards, resistance tubes, and mobility aids, is high in this segment. The market is also supported by the growing awareness of preventive healthcare and the role of physical activity in reducing the risk of various diseases.

 

Indian Sports and Fitness Goods Market By Region

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Competitive Landscape

Market players are introducing sports and fitness goods with smart technologies to cater to consumer’s demand

 

Company Name Year Founded Headquarters Products/Services
Cosco (India) Limited 1980 New Delhi Sports equipment and fitness accessories
Bhalla International – Vinex 1957 Meerut Athletics equipment, sports training equipment, and playground equipment
Nivia Sports Private Limited 1934 Jalandhar Footwear, apparel, balls, and accessories for various sports

 

Other key players in the Indian sports and fitness goods market include Sanspareils Greenlands Private Limited, among others.

 

Indian Sports and Fitness Goods Market Analysis by Region

West and Central India has a prominent market for sports goods because the region hosts several national and international sporting events

West and Central India region is anticipated to hold a dominant position in the Indian sports and fitness goods market. The region comprises states such as Maharashtra, Gujarat, Madhya Pradesh, Goa, Chhattisgarh, and Rajasthan. The region also has a strong presence of organised retail chains, online platforms, and speciality stores that offer a wide range of sports and fitness products. Moreover, the region hosts several national and international sporting events, such as IPL, Ranji Trophy, Pro Kabaddi League, and Khelo India Youth Games, which boost the demand for sports and fitness goods among the masses.

 

North India region accounts for the second-largest Indian sports and fitness goods market share. The region comprises states such as Uttar Pradesh, Haryana, Punjab, Delhi, Himachal Pradesh, Uttarakhand, and Jammu and Kashmir. The region has a growing demand for sports and fitness goods, especially among the young consumers. The region also has a significant presence of educational institutions, corporate offices, and residential societies, where sports and fitness facilities are increasingly being offered. Furthermore, as per Indian sports and fitness goods market report, North India has a large potential for adventure sports, such as skiing, trekking, rafting, and paragliding, which create a demand for specialised sports equipment.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Fitness Goods
  • Cardiovascular Training Goods
  • End Use
  • Region
Breakup by Product Type
  • Balls
  • Fitness Goods
  • Adventure Sports
  • Golf Goods
  • Others
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 Centres, and Public Institutions
  • Others
Breakup by Region
  • North India
  • South India
  • East India
  • West and Central India
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Cosco (India) Limited
  • Bhalla International - Vinex
  • Nivia Sports Private Limited
  • Sanspareils Greenlands Private Limited
  • Others
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Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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    Opportunities and Challenges in the Market
8    Global Sports and Fitness Goods Market Overview

    8.1    Key Industry Highlights
    8.2    Global Sports and Fitness Goods Historical Market (2018-2023) 
    8.3    Global Sports and Fitness Goods Market Forecast (2024-2032)
    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 (2018-2023) 
    9.3    Indian Sports and Fitness Goods Market Forecast (2024-2032)
    9.4    Indian Sports and Fitness Goods Market by Product Type
        9.4.1    Balls
            9.4.1.1    Historical Trend (2018-2023)
            9.4.1.2    Forecast Trend (2024-2032)
        9.4.2    Fitness Goods 
            9.4.2.1    Historical Trend (2018-2023)
            9.4.2.2    Forecast Trend (2024-2032)
        9.4.3    Adventure Sports
            9.4.3.1    Historical Trend (2018-2023)
            9.4.3.2    Forecast Trend (2024-2032)
        9.4.4     Golf Goods
            9.4.4.1    Historical Trend (2018-2023)
            9.4.4.2    Forecast Trend (2024-2032)
        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    Historical Trend (2018-2023)
            9.5.1.2    Forecast Trend (2024-2032)
        9.5.2    Strength Training Goods
            9.5.2.1    Historical Trend (2018-2023)
            9.5.2.2    Forecast Trend (2024-2032)
    9.6    Indian Sports and Fitness Goods Market by Cardiovascular Training Goods
        9.6.1    Treadmills
            9.6.1.1    Historical Trend (2018-2023)
            9.6.1.2    Forecast Trend (2024-2032)
        9.6.2    Stationary Bikes
            9.6.2.1    Historical Trend (2018-2023)
            9.6.2.2    Forecast Trend (2024-2032)
        9.6.3    Rowing Machines
            9.6.3.1    Historical Trend (2018-2023)
            9.6.3.2    Forecast Trend (2024-2032)
        9.6.4    Ellipticals
            9.6.4.1    Historical Trend (2018-2023)
            9.6.4.2    Forecast Trend (2024-2032)
        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    Historical Trend (2018-2023)
            9.7.1.2    Forecast Trend (2024-2032)
        9.7.2    Home Consumers
            9.7.2.1    Historical Trend (2018-2023)
            9.7.2.2    Forecast Trend (2024-2032)
        9.7.3    Hotels and Corporate Offices
            9.7.3.1    Historical Trend (2018-2023)
            9.7.3.2    Forecast Trend (2024-2032)
        9.7.4    Hospitals, Medical Centres, and Public Institutions
            9.7.4.1    Historical Trend (2018-2023)
            9.7.4.2    Forecast Trend (2024-2032)
        9.7.5    Others
    9.8    Indian Sports and Fitness Goods Market by Region
        9.8.1    North India
        9.8.2    South India
        9.8.3    East India
        9.8.4    West and Central India
10    Regional Analysis
    10.1    North India
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    South India
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    East India
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    West and Central India
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
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    Key Indicators for Demand
    11.4    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    Company Profiles
        14.2.1    Cosco (India) Limited
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Bhalla International - Vinex
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications 
        14.2.3    Nivia Sports Private Limited
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications 
        14.2.4    Sanspareils Greenlands Private Limited,
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications 
        14.2.5    Others
15    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Sports and Fitness Goods Market: Key Industry Highlights, 2018 and 2032
2.    Global Sports and Fitness Goods Historical Market: Breakup by Product Type (USD Million), 2018-2023
3.    Global Sports and Fitness Goods Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4.    Global Sports and Fitness Goods Historical Market: Breakup by End Use (USD Million), 2018-2023
5.    Global Sports and Fitness Goods Market Forecast: Breakup by End Use (USD Million), 2024-2032
6.    Global Sports and Fitness Goods Historical Market: Breakup by Region (USD Million), 2018-2023
7.    Global Sports and Fitness Goods Market Forecast: Breakup by Region (USD Million), 2024-2032
8.    Indian Sports and Fitness Goods Market: Key Industry Highlights, 2018 and 2032
9.    Indian Sports and Fitness Goods Historical Market: Breakup by Product Type (USD Million), 2018-2023
10.    Indian Sports and Fitness Goods Market Forecast: Breakup by Product Type (USD Million), 2024-2032
11.    Indian Sports and Fitness Goods Historical Market: Breakup by Fitness Goods (USD Million), 2018-2023
12.    Indian Sports and Fitness Goods Market Forecast: Breakup by Fitness Goods (USD Million), 2024-2032
13.    Indian Sports and Fitness Goods Historical Market: Breakup by Cardiovascular Training Goods (USD Million), 2018-2023
14.    Indian Sports and Fitness Goods Market Forecast: Breakup by Cardiovascular Training Goods (USD Million), 2024-2032
15.    Indian Sports and Fitness Goods Historical Market: Breakup by End Use (USD Million), 2018-2023
16.    Indian Sports and Fitness Goods Market Forecast: Breakup by End Use (USD Million), 2024-2032
17.    Indian Sports and Fitness Goods Historical Market: Breakup by Region (USD Million), 2018-2023
18.    Indian Sports and Fitness Goods Market Forecast: Breakup by Region (USD Million), 2024-2032
19.    Indian Sports and Fitness Goods Market Structure

Key Questions Answered in the Report

In 2023, the Indian sports and fitness goods market reached an approximate value of USD 5,094.58 million.

The market is expected to grow at a CAGR of 8.9% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 10,973.88 million by 2032.

The major drivers of the market are 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.

Key trends aiding Indian sports and fitness goods market expansion include 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 market are West and Central India, North India, South India, and East India.

In the sports and fitness goods market, product types include balls, fitness goods, adventure sports equipment, golf goods, and more.

Fitness goods available in the market encompass cardiovascular training goods and strength training goods.

The market offers a range of cardiovascular training goods such as treadmills, stationary bikes, rowing machines, and ellipticals.

The major end-use segments for sports and fitness goods include health clubs/gyms, home consumers, hotels and corporate offices, hospitals, medical centres, and public institutions.

Key players in the market are Cosco (India) Limited, Bhalla International – Vinex, Nivia Sports Private Limited, and Sanspareils Greenlands Private Limited, among others.

Analyst Review

The Indian sports and fitness goods market attained a value of USD 5,094.58 million in 2023, 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 2024-2032, growing at a CAGR of 8.9%. The market is projected to reach USD 1,0973.88 million by 2032.


 
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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