Market Reports on India Provides the Trending Market Research Report on“Indian Sports and Fitness Goods Market: Industry Trends, Share, Size,Growth,Opportunity and Forecast 2018-2023”under Consumer Goods category. The report offers a collection of superior market research,market analysis,competitive intelligence and industry reports.
The Indian sports and fitness goods market reached a value of US$ 3,314 Million in 2017. The market value is further projected to reach US$ 5,565 Million by 2023, at a CAGR of 9.0% during 2018-2023. Sports and fitness goods refer to equipment which is essentially required for maintaining the fitness level and preventing potential injuries. Some of the sports goods include balls, nets, sticks, bats, wickets, racquets, etc. Sports is considered an important part for the overall growth of an individual. As a result, numerous schools, colleges and other public institutions in India are encouraging students to opt for physical education as well as other curricular activities.
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India represents a large customer base for sports goods. The population of India in 2017 was around 1.3 Billion which is equivalent to around 18% of the total world population. Moreover, A large share of its current population is represented by the young generation which is the target consumer base for sports and fitness products. Popular social media channels such as Facebook, Instagram, Twitter, etc.
- The market has also been bifurcated on the basis of fitness goods into cardiovascular and strength training goods.
- On the basis of cardiovascular equipment, the market has been categorized into treadmill, stationary bike, rowing machine and elliptical.
- Based on the end-use, the report has segmented the market into health clubs and gyms; home consumers; hotels and corporate offices; hospitals, medical centers and public institutions.
- On a geographical front, the market has been segmented into North India, West and Central India, South India and East India.
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The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality. The report also provides competitive landscape and the profiles of key players that are operating in this market.
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