As per the latest report by IMARC Group, titled “Indian Sports and Fitness Goods Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the Indian sports and fitness goods market size reached a value of US$ 1,796 Million in 2020. Sports goods refer to various tools and equipment that are essential while competing in sports. On the other hand, fitness goods are a subset of sports goods, which include equipment that is required while engaging in physical activities. These goods help in preventing related injuries and are widely used across gyms, health clubs, medical centers, hospitals, and schools. Looking forward, IMARC Group expects the market to grow at a CAGR of 8.6% during 2021-2026.
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Indian Sports and Fitness Goods Market Trends:
The market in India is primarily driven by the growing popularity of sports across the country. This, along with the numerous upcoming International sports events, such as the Women’s Hockey World League and Women’s World T20, is providing a boost to the market growth. Furthermore, the increasing focus on fitness among individuals has led to the increasing demand for sports and fitness goods. Besides this, the growing influence of social media platforms is also creating a positive outlook for the market. Additionally, the rising number of gyms and fitness centers across the country is providing an impetus to the sales of efficient sports and fitness goods.
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Indian Sports and Fitness Goods Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has also been examined with the detailed profiles of the key players
- Cosco (India) Limited
- Nivia Sports Private Limited
- Bhalla International
- Sareen Sports Industries
- Sansparelis Greenland Private Limited.
Breakup by Product Type:
- Fitness Goods
- Adventure Sports
- Golf Goods
- Other Goods
On the basis of the product type, the market has been categorized into balls, adventure sports, fitness goods, golf goods and other goods. At present, balls represent the most popular segment.
Breakup by Fitness Goods:
- Cardiovascular Training Goods
- Strength Training Goods
Based on the fitness goods, cardiovascular training goods exhibit a clear dominance in the market, followed by strength training goods. Cardiovascular training goods are further categorized as treadmills, stationary bikes, rowing machines, ellipticals and others. Among these, treadmills account for the largest market share.
Breakup by End-Use:
- Health Clubs/Gyms
- Home Consumers
- Hotels and Corporate Offices
- Hospitals, Medical Centers and Public Institutions
Based on the end use, health clubs and gyms account for the majority of the total market share. Other major segments include home consumers; hotels and corporate offices; hospitals, medical centers and public institutions; and others.
- West and Central India
- North India
- South India
- East India
On the geographical front, the market has been segregated into North India, West and Central India, South India and East India. Currently, West and Central India hold the leading position in the market.
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