Indian Sports and Fitness Goods Market Overview:
As per the latest report by IMARC Group, titled “Indian Sports and Fitness Goods Market Growth: Industry Trends, Share, Size, Opportunity and Forecast 2022-2027”, The Indian sports and fitness goods market reached a value of US$ 1,934 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 3,065 Million by 2027, exhibiting a CAGR of 8.5% during 2022-2027.
Sports goods refer to various tools and equipment that are essential while competing in sports. On the other hand, fitness goods are a subset of sports goods, which include equipment that is required while engaging in physical activities. These goods help in preventing related injuries and are widely used across gyms, health clubs, medical centers, hospitals, and schools.
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Indian Sports and Fitness Goods Market Trends:
- The market in India is primarily driven by the growing popularity of sports across the country. This, along with the numerous upcoming International sports events, such as the Women’s Hockey World League and Women’s World T20, is providing a boost to the market growth.
- Furthermore, the increasing focus on fitness among individuals has led to the increasing demand for sports and fitness goods. Besides this, the growing influence of social media platforms is also creating a positive outlook for the market. Additionally, the rising number of gyms and fitness centers across the country is providing an impetus to the sales of efficient sports and fitness goods.
Indian Sports and Fitness Goods Market 2022-2027 Analysis and Segmentation:
Top Companies in Sports and Fitness Goods Industry in India:
- Cosco (India) Limited
- Nivia Sports Private Limited
- Bhalla International
- Sareen Sports Industries
- Sansparelis Greenland Private Limited.
Breakup by Product Type:
- Fitness Goods
- Adventure Sports
- Golf Goods
- Other Goods
Based on the product type, the market has been divided into balls, fitness goods, adventure sports, golf goods, and other goods. At present, fitness goods represent the most popular product type.
Breakup by Fitness Goods:
- Cardiovascular Training Goods
- Strength Training Goods.
Amongst these, cardiovascular training goods account for the majority of the total market share.
Breakup by End-Use:
- Health Clubs/Gyms
- Home Consumers
- Hotels and Corporate Offices
- Hospitals, Medical Centers and Public Institutions
On the basis of the end-use, the market has been segmented into health clubs/gyms, home consumers, hotels and corporate offices, hospitals, medical centers, and public institutions, and others. Presently, health clubs/gyms hold the leading market share.
- West and Central India
- North India
- South India
- East India
On the geographical front, West and Central India represent the largest market, followed by North, South, and East India.
Some of the key players being Cosco (India) Limited, Nivia Sports Private Limited (Freewill Sports Pvt. Ltd.), Bhalla International – Vinex Sports, Sareen Sports Industries, Sansparelis Greenland Private Limited.
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