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We expect the Indian sports and fitness goods market to exhibit a CAGR of 8.5% during 2022-2027.
Rise in the number of gyms and fitness centers due to the high prevalence of numerous lifestyle diseases, such as obesity, type 2 diabetes, heart stroke, atherosclerosis, etc., represents one of the key factors catalyzing the Indian sports and fitness goods market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations in India resulting in temporary closure of gyms and fitness centers that, in turn, had negatively impacted the market for sports and fitness goods.
Based on the product type, the Indian sports and fitness goods market has been bifurcated into balls, fitness goods, adventure sports, golf goods, and other goods. Currently, fitness goods hold the majority of the total market share.
Based on the fitness goods, the Indian sports and fitness goods market can be divided into cardiovascular training goods and strength training goods, where cardiovascular training goods currently exhibit a clear dominance in the market.
Based on the cardiovascular training goods, the Indian sports and fitness goods market has been categorized into treadmills, stationary bikes, rowing machines, ellipticals, and others. Among these, treadmills account for the majority of the total market share.
Based on the end-use, the Indian sports and fitness goods market can be segmented into health clubs/gyms, home consumers, hotels and corporate offices, hospitals, medical centers and public institutions, and others. Currently, health clubs/gyms represent the highest market share.
On a regional level, the market has been classified into West and Central India, North India, South India, and East India, where West and Central India dominates the market.
Some of the major players in the Indian sports and fitness goods market include Cosco (India) Limited, Nivia Sports Private Limited (Freewill Sports Pvt. Ltd.), Bhalla International – Vinex Sports, Sareen Sports Industries, Sansparelis Greenland Private Limited, etc.
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