Indian Sports and Fitness Goods Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Indian Sports and Fitness Goods Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The Indian sports and fitness goods market size reached US$ 2,094.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,214.5 Million by 2028, exhibiting a growth rate (CAGR) of 6.7% during 2023-2028.

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.

Key Market Segmentation:
IMARC Group 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

Treadmills currently exhibit a clear dominance in the market as they provide an efficient aerobic workout that can be done without expert guidance.

Breakup by End-Use:

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

Health clubs/gyms hold the leading market share, owing to the high obesity rates and rising incidences of lifestyle diseases, which have increased the health consciousness among individuals.

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?


1 Preface
2 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

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