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The sports and fitness goods market in Singapore is projected to grow at a CAGR of 4.8% between 2024 and 2032.
Singapore Sports and Fitness Goods Market Report Summary | Description | Value |
Base Year | USD Million | 2023 |
Historical Period | USD Million | 2018-2023 |
Forecast Period | USD Million | 2024-2032 |
Market Size 2023 | USD Million | XX |
Market Size 2032 | USD Million | XX |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 4.8% |
CAGR 2024-2032 - Market by Type | Fitness Goods | 5.6% |
CAGR 2024-2032 - Market by End Use | Health Clubs/Gyms | 5.5% |
2023 Market Share by Type | Golf Goods | 7.8% |
The Singapore market growth is popularly led by fitness goods such as athletic apparel and accessories and adventure sports equipment.
Fitness goods include gym machines (treadmills, weightlifting machines, etc.), workout clothes (moisture-wicking shirts, etc.), and footwear designed to support sports performance. With the emergence of home workouts, there has also been a surge in the popularity of smaller pieces of fitness equipment, such as yoga mats or resistance bands which also boosts the growth of the Singapore sports and fitness goods market.
Due to the rising focus towards health consciousness that can be associated with poor fitness levels, the sports and fitness goods industry is likely to witness growth in the domestic market. As of January 2022, Adidas Singapore announced the launch of its new brand “Centre” which is a mono-brand retail sports destination in the country.
Notwithstanding Singapore's urban terrain, suppliers of adventure sports equipment can effectively cater to the needs of outdoors and adventure enthusiasts who require camping gear or hiking equipment, which contributes to the sports and fitness goods demand in Singapore. Furthermore, sports and fitness goods also serve adrenaline enthusiasts with a comprehensive range of products ranging from equipment to supplementary items like climbing ropes, helmets, and knee pads.
As per the Singapore sports and fitness goods market analysis, Sport Singapore (SportSG) announced a ten-day Singapore Urban Sports & Fitness Festival for August 2024, which is expected to feature a variety of sports and fitness activities such as fitness racing and street dance that promote diversity in urban sports and bring together people from different communities.
As per the Singapore sports and fitness goods industry analysis, in a survey conducted by Sport Singapore (SportSG), around 74% of the survey participants stated that they participated in at least one sports activity in 2022, which is an improvement from the 72% participation in 2021. The top five sports and fitness activities among the participants were cycling, walking, jogging, swimming, and callisthenics.
Sports SG announced Sport Data Exchange Singapore, a data-sharing platform, in January 2024. This platform offers the data from the National Sport Participation Survey and can assist the sports participants, event organisers, and gym operators, among other crucial members of the sports ecosystem with better programs and offers. This platform can also be used by other industry players to contribute their own dataset, which can aid the sports sector, boost the demand for sports and fitness goods and increase the overall Singapore sports and fitness goods industry revenue.
Nike announced the opening of a sports store at 268 Orchard Road, Singapore, in January 2024. This sports hub features products from Nike and Jordan brands for men, women, and kids. Some of the popular products in its portfolio include fitness footwear and clothing that can aid the growth of the Singapore sports and fitness goods industry. This store is also expected to host fitness and wellness programs for the public with its specialised coaches and trainers.
As per the data from Semrush, Nike was the most visited website in Singapore in June 2024 with total visits of 969.83K, followed by Decathlon in second place with 616.71K and Adidas in third place with 321.21K visitors. The rising number of visitors to the sports goods site can suggest an upward trend in the sales of sports and fitness equipment and can contribute positively to the Singapore sports and fitness goods market development.
Singapore Sports and Fitness Goods Industry Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
CAGR 2024-2032 - Market by | Type |
Fitness Goods | 5.6% |
Adventure Sports | 5.2% |
Balls | XX% |
Golf Goods | XX% |
Others | XX% |
Market Breakup by Fitness Goods
Market Breakup by End Use
Strength training leads the sports and fitness goods market in Singapore, they consist of equipment and accessories which are designed to build muscle strength and improve muscular fitness. They encompass a diverse range of products ranging from free weights, and weight machines to resistance bands and kettlebells and cater to individuals at all levels of fitness.
Major market players are expanding their outreach by investing in the integration of technology and customisation and personalization of products as consumers seek products tailored to their fitness preferences.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Fitness Goods |
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Breakup by End Use |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Singapore Sports and Fitness Goods Market Size
Singapore Sports and Fitness Goods Market Growth
Singapore Sports and Fitness Goods Market Trends
Singapore Sports and Fitness Goods Market Share
Singapore Sports and Fitness Goods Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Sports and Fitness Goods Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Sports and Fitness Goods Historical Market (2018-2023)
8.3 Asia Pacific Sports and Fitness Goods Market Forecast (2024-2032)
9 Singapore Sports and Fitness Goods Market Overview
9.1 Key Industry Highlights
9.2 Singapore Sports and Fitness Goods Historical Market (2018-2023)
9.3 Singapore Sports and Fitness Goods Market Forecast (2024-2032)
10 Singapore Sports and Fitness Goods Market by Product Type
10.1 Balls
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Fitness Goods
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Adventure Sports
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Golf Goods
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Singapore Sports and Fitness Goods Market by Fitness Goods
11.1 Cardiovascular Training Goods
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.1.3 Breakup by Type
11.1.3.1 Treadmills
11.1.3.2 Stationary Bikes
11.1.3.3 Rowing Machines
11.1.3.4 Ellipticals
11.1.3.5 Others
11.2 Strength Training Goods
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Singapore Sports and Fitness Goods Market by End Use
12.1 Health Clubs/Gyms
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Home Consumers
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Hotels and Corporate Offices
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Hospitals, Medical Centres, and Public Institutions
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Value Chain Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Adidas AG
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Li Ning Co. Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Yonex Co. Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 AIBI International Pte. Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 New Balance Athletics, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 BowFlex Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 MERACH Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Sports and Fitness Goods Market: Key Industry Highlights, 2018 and 2032
2. Singapore Sports and Fitness Goods Market: Key Industry Highlights, 2018 and 2032
3. Singapore Sports and Fitness Goods Historical Market: Breakup by Product Type (USD Million), 2018-2023
4. Singapore Sports and Fitness Goods Market Forecast: Breakup by Product Type (USD Million), 2024-2032
5. Singapore Sports and Fitness Goods Historical Market: Breakup by Fitness Goods (USD Million), 2018-2023
6. Singapore Sports and Fitness Goods Market Forecast: Breakup by Fitness Goods (USD Million), 2024-2032
7. Singapore Sports and Fitness Goods Historical Market: Breakup by End Use (USD Million), 2018-2023
8. Singapore Sports and Fitness Goods Market Forecast: Breakup by End Use (USD Million), 2024-2032
9. Singapore Sports and Fitness Goods Market Structure
The market is projected to grow at a CAGR of 4.8% between 2024 and 2032.
Based on product type, the sports and fitness goods market is divided into balls, fitness goods, adventure sports, golf goods and others.
The Sports and Fitness Goods market key players are Adidas AG, Li Ning Co. Ltd., Yonex Co. Ltd., AIBI International Pte. Ltd., New Balance Athletics, Inc., BowFlex Inc., and MERACH Inc., among others.
Based on the fitness goods, the market is divided into cardiovascular training goods and strength training goods.
Based on the end use, the market is split into health clubs/gyms, home consumers, hotels and corporate offices, hospitals, medical centres, and public institutions and others.
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