India Sports and Fitness Goods Market to Grow at 5.8% During 2024-2032, Impelled by Rising Health Consciousness

December 30, 2021 | Retail

According to the latest report by IMARC Group, titled "Indian Sports and Fitness Goods Market Report by Product Type (Balls, Fitness Goods, Adventure Sports, Golf Goods, and Other Goods), Fitness Goods (Cardiovascular Training Goods, Strength Training Goods), Cardiovascular Training Goods (Treadmills, Stationary Bikes, Rowing Machines, Ellipticals, and Others), End-Use (Health Clubs/Gyms, Home Consumers, Hotels and Corporate Offices, Hospitals, Medical Centers and Public Institutions, and Others), and Region 2024-2032," the India sports and fitness goods market reached a value of US$ 2,234.9 Million in 2023. Sports and fitness goods encompass various tools, materials, monitoring devices, gear, and apparel required for performing sports and fitness activities. Depending on the use, they can be divided into game and player goods. Some of the common products include balls, nets, racquets, sticks and bats, footwear, clothing, and training equipment. Sports and fitness goods are made by using comfortable and flexible materials that ensure workability, comfort, and desired functional performance. They are also worn to prevent sports-related injuries, thereby aiding the wearer in maintaining overall fitness. In addition to this, manufacturers are incorporating replicable technologies that protects the end-product against temperature fluctuations, ultraviolet (UV) light, and microbes, while blocking radiations.

India Sports and Fitness Goods Market Trends:

The increasing health consciousness and the shifting inclination toward physical fitness activities due to the rising prevalence of lifestyle diseases and continuous growth in disposable incomes are majorly driving the India sports and fitness goods market growth. In line with this, self-care is becoming a vital part of consumer health amid the coronavirus disease (COVID-19) pandemic, which has resulted in an increase in the demand for home gyms, fitness centers, and other fitness related activities. This is acting as a major growth-inducing factor. Additionally, rising investments by the Government of India (GoI) in infrastructure development, such as upgrading various existing stadiums, parks, clubs, school grounds, and health centers, are further facilitating the demand for sports and fitness goods across the country. Moreover, the advent of social media, along with continuous brand collaborations with fitness influencers to create awareness regarding the health benefits of an active lifestyle are also catalyzing the market growth. Rapid advancements in manufacturing technologies and the introduction of innovative product variants, such as smart tennis racquets, motorized treadmills, fitness bands, and clothing made from nano and microfibers with comfortable padding, are creating a positive outlook for the market. Besides this, manufacturers are putting their products through rigorous performance testing to ensure it can withstand its intended use, while complying with safety standards and requirements, which, in turn, is catalyzing the market growth. Looking forward, the market is expected to grow at a CAGR of 5.8% during 2024-2032.

Market Summary:

  • 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.
  • On the basis of the fitness goods, the market has been bifurcated into cardiovascular and strength training goods. Amongst these, cardiovascular training goods account for the majority of the total market share.
  • Based on the cardiovascular training goods, the market has been categorized into treadmills, stationary bikes, rowing machines, ellipticals, and others. Treadmills currently exhibit a clear dominance in the market.
  • 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.
  • On the geographical front, West and Central India represent the largest market.
  • The competitive landscape of the market has been examined, with some of the key players being Cosco (India) Limited, Nivia Sports Private Limited (Freewill Sports Pvt. Ltd.), Bhalla International – Vinex Sports, Sareen Sports Industries and Sansparelis Greenland Private Limited.
     

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Product Type, Fitness Goods, Cardiovascular Training Goods, End-Use, Region
Region Covered West and Central India, North India, South India, East India
Companies Covered Cosco (India) Limited, Nivia Sports Private Limited (Freewill Sports Pvt. Ltd.), Bhalla International – Vinex Sports, Sareen Sports Industries and Sansparelis Greenland Private Limited
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:
IMARC Group

USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter : @imarcglobal

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
India Sports and Fitness Goods Market to Grow at 5.8% During 2024-2032, Impelled by Rising Health Consciousness
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More