Articles
Indian Sports and Fitness Goods Market Growth, Outlook, Demand, Keyplayer Analysis and Opportunity
by Rahul Rastogi Market Research AnalystAs per the latest report by IMARC Group,
titled “Indian Sports
and Fitness Goods Market: Industry Trends, Share, Size, Growth, Opportunity and
Forecast 2019-2024”, the Indian sports and fitness goods market
reached US$ 3,621 Million in 2018. Participating in sports benefits the human
body by improving its flexibility, muscle strength, and cardiovascular health.
Since sports form an essential part of health and wellness, schools and
colleges across India are encouraging students to adopt a healthy lifestyle by
participating in various extracurricular activities and outdoor sports. In
addition to this, the penetration of unconventional fitness activities like
Zumba, aerobics, trekking, ice skating and kickboxing has further led a large
section of the society, especially the young population, to incorporate these
activities in their daily lives. Moreover, an increase in the number of gyms
and fitness centers has also been witnessed, which has boosted the sales of
sports and fitness goods across the country.
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Indian
Sports and Fitness Goods Market Trends:
Long working hours with minimal physical movement
have increased the prevalence of diseases such as obesity, cardiovascular
disorders and diabetes in India. Rising awareness among the masses regarding
the risks posed by these lifestyle diseases and the benefits of a fitness
routine has led them to actively participate in different sports as well as
join gyms and health clubs. Apart from this, improving purchasing power of
urban consumers have encouraged them to invest in their wellbeing. As a result,
home gym stations are continually gaining popularity as they allow users to
work out in the comfort of their own homes. Furthermore, rising public and
private investments for infrastructure development is another major factor strengthening
the growth of the market. For instance, housing societies are now providing
free access to facilities like gyms, swimming pools, and courts to their
residents, which is expected to impel the demand for sports and fitness goods.
On account of these factors, the market value is anticipated to reach US$
6,054 Million by 2024, growing at a CAGR of 9.0% during 2019-2024.
Indian Sports and Fitness Goods Market Summary:
· 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.
· 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.
· 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.
· 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.
· The
competitive landscape of the market has also been examined with the detailed
profiles of the key players, which include Cosco (India) Limited, Nivia Sports
Private Limited, Bhalla International, Sareen Sports Industries and Sansparelis
Greenland Private Limited.
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Report with TOC & List of Figure: https://www.imarcgroup.com/indian-sports-fitness-goods-market
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About Rahul Rastogi 
Market Research Analyst
42 connections, 0 recommendations, 213 honor points.Joined APSense since, September 6th, 2018, From New York, United States.
Created on Jul 5th 2019 02:18. Viewed 391 times.
