Indian Sports and Fitness Goods Market Report and Forecast 2024-2032

Indian Sports and Fitness Goods Market Outlook

The Indian sports and fitness goods market size was valued at USD 5,094.58 million in 2023. The market is further projected to grow at a CAGR of 8.9% between 2024 and 2032, reaching a value of USD 10,973.88 million by 2032.

Key Takeaways

• According to Indian sports and fitness goods market statistics, India exported sports equipment worth USD 546 million in the year 2021-22.

• The retail market for sports and athleisure products in India is expected to reach INR 402 billion by 2025.

• Global downloads of health and fitness apps increased by 46% between Q1 and Q2 2020.

• In January 2022, the exercise and fitness segment saw a growth of 24% led by large equipment such as treadmills and exercise bikes.

Sports and fitness goods are products that are used for physical exercise, sports activities, or recreational purposes. They include equipment, apparel, footwear, accessories, and nutrition supplements.

The Indian sports and fitness goods market is growing due to various factors, such as increasing health awareness, rising disposable income, changing lifestyle preferences, and government initiatives to promote sports culture. Additionally, the emergence of online platforms, social media influencers, and celebrity endorsements have also boosted the demand for sports and fitness goods among consumers.

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Key Trends and Developments

Growing demand for online fitness platforms and apps and increasing adoption of smart wearables and devices are accelerating the Indian sports and fitness goods market development

Indian Sports and Fitness Goods Market Trends

Sports and fitness goods are widely used among individuals, as they offer many benefits, including improving flexibility, muscle strength, and cardiovascular and pulmonary health. Moreover, with the increasing focus on fitness, various institutions in India are encouraging people to actively participate in physical activities. This is expected to fuel the Indian sports and fitness goods market growth.

In addition to this, the penetration of unconventional fitness activities such as aerobics, Zumba, trekking, ice skating, and kickboxing has further prompted young population to demand for sports and fitness goods. Besides, the rise in the number of gyms and fitness centres has further augmented the sports and fitness goods market expansion in India.

Moreover, the rise of social media platforms such as Facebook, Instagram, and Twitter, is also catalysing the sports and fitness goods market size. Through social media channels, companies can communicate directly with the audience looking for fitness equipment. The sports and fitness goods manufacturers are also using these platforms to advertise, thereby informing potential customers about their latest products.

Furthermore, latest innovations and advancements in manufacturing technologies have also increased the sports and fitness goods market value. These products include smart tennis racquets, motorised treadmills, speed training equipment, and fitness bands.

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Market Segmentation

Indian Sports and Fitness Goods Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Cardiovascular and strength training goods aid in Indian sports and fitness goods market expansion due to rising awareness about the importance of weight management and muscle health

Cardiovascular training goods include treadmills, ellipticals, stationary bikes, rowers, and others. Strength training goods include dumbbells, barbells, weight plates, kettlebells, resistance bands, and others. According to Indian sports and fitness goods market report, the cardiovascular training goods segment is expected to grow due to the rising awareness about the benefits of cardio exercises, the increasing prevalence of lifestyle diseases, and the growing demand for home fitness equipment.

The strength training goods segment also holds a substantial Indian sports and fitness goods market share and is also expected to grow due to the increasing popularity of strength training among the youth, the rising awareness about the importance of muscle health, and the availability of various types of strength training equipment.

Health clubs/gyms hold a significant market share due to the presence of several gym chains in India

Health clubs/gyms segment accounts for the largest share sports and fitness goods market in India as more people are becoming health conscious and are joining fitness centres. The demand for fitness equipment, such as treadmills, ellipticals, bikes, rowers, and strength machines, is high in this segment. The market is also driven by the increasing number of franchised gyms and fitness chains, such as Gold's Gym, Talwalkars, and Cult.fit, that offer quality services to their customers.

According to Indian sports and fitness goods market analysis, the hotels and corporate offices segments are growing rapidly, as many hotels and corporate offices are providing fitness facilities to their guests and employees, respectively. The demand for fitness equipment, such as cardio machines, weights, yoga mats, and resistance bands, is high in this segment. The market is also influenced by the rising trend of wellness tourism and corporate wellness programs, which aim to improve the physical and mental well-being of travellers and workers.

The hospital segment is emerging with a fast growth rate, as many hospitals are offering rehabilitation and physiotherapy services to their patients, especially those with chronic diseases, injuries, or disabilities. The demand for fitness goods, such as exercise balls, balance boards, resistance tubes, and mobility aids, is high in this segment. The market is also supported by the growing awareness of preventive healthcare and the role of physical activity in reducing the risk of various diseases.

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Competitive Landscape

Market players are introducing sports and fitness goods with smart technologies to cater to consumer’s demand

Other key players in the Indian sports and fitness goods market include Sanspareils Greenlands Private Limited, among others.

Indian Sports and Fitness Goods Market Analysis by Region

West and Central India has a prominent market for sports goods because the region hosts several national and international sporting events

West and Central India region is anticipated to hold a dominant position in the Indian sports and fitness goods market. The region comprises states such as Maharashtra, Gujarat, Madhya Pradesh, Goa, Chhattisgarh, and Rajasthan. The region also has a strong presence of organised retail chains, online platforms, and speciality stores that offer a wide range of sports and fitness products. Moreover, the region hosts several national and international sporting events, such as IPL, Ranji Trophy, Pro Kabaddi League, and Khelo India Youth Games, which boost the demand for sports and fitness goods among the masses.

North India region accounts for the second-largest Indian sports and fitness goods market share. The region comprises states such as Uttar Pradesh, Haryana, Punjab, Delhi, Himachal Pradesh, Uttarakhand, and Jammu and Kashmir. The region has a growing demand for sports and fitness goods, especially among the young consumers. The region also has a significant presence of educational institutions, corporate offices, and residential societies, where sports and fitness facilities are increasingly being offered. Furthermore, as per Indian sports and fitness goods market report, North India has a large potential for adventure sports, such as skiing, trekking, rafting, and paragliding, which create a demand for specialised sports equipment.

Key Highlights of the Report