Sports and Fitness Goods Market in India 2024-2029
Description
Sports goods include equipment that are essential for participating in sports and minimizing the risk of injuries.
Fitness goods, a subset of sports goods, are specifically designed for use during workouts. These items contribute to overall fitness, enhancing flexibility, muscle strength, and cardiovascular and pulmonary health.
Despite the global sports goods market being highly competitive, India has made significant progress on this front.
At present, India is the third-largest manufacturer of sporting goods in Asia. India also exports a large variety of inflatable balls, general exercise equipment, cricket gear, sportswear, and more to over 200 countries, including the US, China, the UK, and Australia.
Market trends:
The rise of e-commerce has significantly impacted the sports equipment sector. With deeper internet penetration and higher smartphone usage, consumers are increasingly turning to online platforms to buy sports goods. This shift is facilitated by the entry of numerous sports-focused startups that cater to consumer needs through digital channels.
Market drivers:
The growing demand for sports and fitness goods is largely driven by increased public and private investments in infrastructure.
The government is upgrading and building new stadiums, parks, and health centres, while private developers are incorporating gyms, clubs, and sports areas into residential societies.
Schools and colleges are also enhancing facilities with gyms, pools, and courts, boosting accessibility and fuelling the demand for sports and fitness products.
Key deterrents to the growth of the market:
Inefficient distribution networks in rural and semi-urban areas pose significant challenges for sports equipment manufacturers, limiting market penetration and consumer reach.
Poor logistics and infrastructure often delay product availability, impacting customer satisfaction and brand loyalty.
To address these issues, manufacturers must innovate distribution strategies, such as adopting technology or collaborating with local distributors, to expand accessibility and strengthen their presence in underserved markets.
Fitness goods, a subset of sports goods, are specifically designed for use during workouts. These items contribute to overall fitness, enhancing flexibility, muscle strength, and cardiovascular and pulmonary health.
Despite the global sports goods market being highly competitive, India has made significant progress on this front.
At present, India is the third-largest manufacturer of sporting goods in Asia. India also exports a large variety of inflatable balls, general exercise equipment, cricket gear, sportswear, and more to over 200 countries, including the US, China, the UK, and Australia.
Market trends:
The rise of e-commerce has significantly impacted the sports equipment sector. With deeper internet penetration and higher smartphone usage, consumers are increasingly turning to online platforms to buy sports goods. This shift is facilitated by the entry of numerous sports-focused startups that cater to consumer needs through digital channels.
Market drivers:
The growing demand for sports and fitness goods is largely driven by increased public and private investments in infrastructure.
The government is upgrading and building new stadiums, parks, and health centres, while private developers are incorporating gyms, clubs, and sports areas into residential societies.
Schools and colleges are also enhancing facilities with gyms, pools, and courts, boosting accessibility and fuelling the demand for sports and fitness products.
Key deterrents to the growth of the market:
Inefficient distribution networks in rural and semi-urban areas pose significant challenges for sports equipment manufacturers, limiting market penetration and consumer reach.
Poor logistics and infrastructure often delay product availability, impacting customer satisfaction and brand loyalty.
To address these issues, manufacturers must innovate distribution strategies, such as adopting technology or collaborating with local distributors, to expand accessibility and strengthen their presence in underserved markets.
Table of Contents
56 Pages
- Chapter 1: Executive Summary
- Chapter 2: Socio-Economic Indicators
- Chapter 3: Introduction
- 3.1. Market Definition and Structure
- Chapter 4: Market Overview
- 4.1 Sports and Fitness Goods Market in India – An Overview
- 4.2. Market Size and Growth Forecast (FY 2024 – FY 2029e)
- Chapter 5: Market Influencers
- 5.1. Market Drivers
- 5.2. Market Challenges
- Chapter 6: Market Trends and Opportunities
- Chapter 7: Government Initiatives
- Major Government Initiatives
- Chapter 8: Trade Analysis
- Export
- Value-wise
- Country-wise
- Import
- Value-wise
- Country-wise
- Chapter 9: Competitive Landscape
- Cosco (India) Limited
- Company Information
- Business Description
- Products/services
- Key People
- Financial Snapshot
- Key Ratios
- Key Financial
- Performance Indicators
- Key Business Segments
- Key Geographic Segments
- Note: Financial information has been covered only for public companies
- Adidas India Marketing Pvt. Ltd.
- ASICS India Pvt. Ltd.
- Bhalla International – Vinex Sports
- Decathlon Sports India Pvt. Ltd.
- Nivia Sports
- Nike India Pvt. Ltd.
- Puma Sports India Pvt. Ltd.
- Sansparelis Greenland Private Limited
- Sareen Sports Industries
- Chapter 10: Major Startups
- Chapter 11: Recent Developments
- Chapter 12: Appendix
- 12.1. About Netscribes
- 12.2. Research methodology
- 12.3. Disclaimer
Pricing
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