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India Sports and Fitness Goods Market to Grow at 8.5% During 2022-2027, Impelled by Rising Health Consciousness

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Indian Sports and Fitness Goods Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Outlook 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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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.

 

 
 

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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, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on product type, fitness goods, cardiovascular training goods and end-use.

Breakup by Product Type:

 

 
 

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  • 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
     

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
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$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
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)

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

List of Figures

Figure 1: Indian: Sports and Fitness Goods Market: Major Drivers and Challenges
Figure 2: Global: Sports and Fitness Goods Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Sports and Fitness Goods Market: Breakup by Region (in %), 2021
Figure 4: Global: Sports and Fitness Goods Market: Breakup by Product Type (in %), 2021
Figure 5: Global: Sports and Fitness Goods Market: Breakup by End-Use (in %), 2021
Figure 6: Global: Sports and Fitness Goods Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 7: India: Sports and Fitness Goods Market: Sales Value (in Million US$), 2016-2021
Figure 8: India: Sports and Fitness Goods Market: Breakup by Region (in %), 2021
Figure 9: India: Sports and Fitness Goods Market: Breakup by Product Type (in %), 2021
Figure 10: India: Sports and Fitness Goods Market: Breakup by Fitness Goods (in %), 2021
Figure 11: India: Sports and Fitness Goods Market: Breakup by Cardiovascular Training Goods (in %), 2021
Figure 12: India: Sports and Fitness Goods Market: Breakup by End-Use (in %), 2021
Figure 13: India: Sports and Fitness Goods Market Forecast: Value (in Million US$), 2022-2027
Figure 14: India: Sports and Fitness Goods Industry: SWOT Analysis
Figure 15: India: Sports and Fitness Goods Industry: Value Chain Analysis
Figure 16: India: Sports and Fitness Goods Industry: Porter’s Five Forces Analysis
Figure 17: West and Central India: Sports and Fitness Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: West and Central India: Sports and Fitness Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: North India: Sports and Fitness Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: North India: Sports and Fitness Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: South India: Sports and Fitness Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: South India: Sports and Fitness Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: East India: Sports and Fitness Goods Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: East India: Sports and Fitness Goods Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: India: Sports and Fitness Goods (Balls) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: India: Sports and Fitness Goods (Balls) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: India: Sports and Fitness Goods (Fitness Goods) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: India: Sports and Fitness Goods (Fitness Goods) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: India: Sports and Fitness Goods (Adventure Sports) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: India: Sports and Fitness Goods (Adventure Sports) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: India: Sports and Fitness Goods (Golf Goods) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: India: Sports and Fitness Goods (Golf Goods) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: India: Sports and Fitness Goods (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: India: Sports and Fitness Goods (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: India: Sports and Fitness Goods (Cardiovascular Training) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: India: Sports and Fitness Goods (Cardiovascular Training) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: India: Sports and Fitness Goods (Strength Training) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: India: Sports and Fitness Goods (Strength Training) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: India: Sports and Fitness Goods (Treadmills) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: India: Sports and Fitness Goods (Treadmills) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: India: Sports and Fitness Goods (Stationary Bike) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: India: Sports and Fitness Goods (Stationary Bike) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: India: Sports and Fitness Goods (Rowing Machine) Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: India: Sports and Fitness Goods (Rowing Machine) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: India: Sports and Fitness Goods (Ellipticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: India: Sports and Fitness Goods (Ellipticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: India: Sports and Fitness Goods (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: India: Sports and Fitness Goods (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: India: Sports and Fitness Goods (Health Clubs/Gyms) Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: India: Sports and Fitness Goods (Health Clubs/Gyms) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: India: Sports and Fitness Goods (Home Consumers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: India: Sports and Fitness Goods (Home Consumers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: India: Sports and Fitness Goods (Hotels and Corporate Offices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: India: Sports and Fitness Goods (Hotels and Corporate Offices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: India: Sports and Fitness Goods (Hospitals, Medical Centers and Public Institutions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: India: Sports and Fitness Goods (Hospitals, Medical Centers and Public Institutions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: India: Sports and Fitness Goods (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: India: Sports and Fitness Goods (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Treadmill Manufacturing Process: Various Unit Operations Involved

List of Tables

Table 1: Global: Sports and Fitness Goods Market: Key Industry Highlights, 2021 and 2027
Table 2: India: Sports and Fitness Goods Market: Key Industry Highlights, 2021 and 2027
Table 3: India: Treadmill: Product Components
Table 4: India: Sports and Fitness Goods Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: India: Sports and Fitness Goods Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 6: India: Sports and Fitness Goods Market Forecast: Breakup by Fitness Goods (in Million US$), 2022-2027
Table 7: India: Sports and Fitness Goods Market Forecast: Breakup by Cardiovascular Training Goods (in Million US$), 2022-2027
Table 8: India: Sports and Fitness Goods Market Forecast: Breakup by End-Use (in Million US$), 2022-2027
Table 9: India: Sports and Fitness Goods Market Structure
Table 10: India: Sports and Fitness Goods Market: Key Players

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Key Questions Answered in This Report

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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