Dublin, Jan. 24, 2019 (GLOBE NEWSWIRE) — The “Indian Sports and Fitness Goods Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s providing.
The Indian sports activities and fitness items market reached a worth of US$ three,314 Million in 2017. The market worth is additional projected to succeed in US$ 5,565 Million by 2023, at a CAGR of 9.zero% throughout 2018-2023.
Sports is taken into account an necessary half for the general progress of a person. As a outcome, quite a few faculties, schools and different public establishments in India are encouraging college students to go for bodily schooling in addition to different curricular actions. Besides this, rising consciousness about private health among the many Indian inhabitants has led them to hitch health golf equipment and gyms or actively take part in several sports activities.
In addition to this, they’re additionally partaking in unconventional fitness actions like zumba, kickboxing and aerobics. Rising pursuits in these actions has augmented the enlargement of fitness facilities throughout the area, in flip, propelling the expansion of the market.
Indian Sports and Fitness Goods Market Drivers:
India represents a big buyer base for sports activities items. The inhabitants of India in 2017 was round 1.three Billion which is equal to round 18% of the entire world inhabitants. Moreover, A big share of its present inhabitants is represented by the younger era (the age group 15-29 years constitutes greater than 1 / 4 of the entire inhabitants of India) which is the goal shopper base for sports activities and fitness merchandise.
Social media has largely grown to embody a serious proportion of the Indian inhabitants and is appearing as a catalyst in driving the expansion of the sports activities and fitness sector. Through social media, sports activities and fitness product producers have developed new means of communication with the viewers. Popular social media channels corresponding to Facebook, Instagram, Twitter, and so on. have devoted webpages to promote merchandise by elaborating their specs and functionalities which will increase a shopper’s engagement degree. This helps in constructing the model recognition, affinity and loyalty of consumers.
Moreover, many sportspersons additionally use this social media to attach with their followers and endorse their model affiliations which helps within the promotion of varied sports activities and fitness items. Moreover, sports activities franchises in India are taking a number of initiatives to boost fan engagement, this consists of beginning a fan web page on the official web site, arranging a meet up with staff gamers and, organising training camps and expertise hunt programmes.
Another main development catalysing the demand of sports activities and fitness items is the rising public and personal investments in infrastructure improvement. The authorities has been upgrading numerous present stadiums, parks, golf equipment and health facilities and many new ones are arising. Private funding in infrastructure have additionally elevated considerably with all main residential societies arising with golf equipment, fitness center and ample area for doing outside sports activities. The infrastructure in faculties, schools and different establishments are additionally being upgraded with amenities comparable to gyms, swimming swimming pools, stadiums, courts, and so on. being constructed. With extra and extra people now having an entry to such amenities the demand of sports activities and fitness items can also be growing.
India’s financial progress has resulted in a steady progress in disposable incomes. As a outcome, shoppers have began specializing in private wellbeing aside from pre-requisites. This has resulted into a rise within the demand for gyms, fitness centres, and different fitness associated actions. Consumers are additionally more and more partaking in rigorous exercise that help in weight management, immunity improvement, and improve in stamina, consequently, enhancing the general health of the physique. An growing drawback of weight problems can also be driving shoppers in the direction of gyms and fitness centres.
Breakup by Product Type:
On the idea of product sort, the Indian sports activities and fitness items market has been divided into balls, journey sports activities, fitness items and golf items. Among these, balls symbolize the most important product phase.
Breakup by Fitness Goods:
The market has additionally been bifurcated on the idea of fitness items into cardiovascular and power training items.
Breakup by Cardiovascular Equipment:
On the idea of cardiovascular gear, the market has been categorized into treadmill, stationary bike, rowing machine and elliptical.
Breakup by End-Use:
Based on the end-use, the report has segmented the market into health golf equipment and gyms; residence shoppers; resorts and company workplaces; hospitals, medical facilities and public establishments.
On a geographical entrance, the market has been segmented into North India, West and Central India, South India and East India.
Key Topics Covered:
2 Scope and Methodology
2.1 Objectives of the Study
2.three Data Sources
2.four Market Estimation
2.5 Forecasting Methodology
2.6 Study Assumptions
three Executive Summary
four.2 Key Industry Trends
5 Global Sports and Fitness Goods Market
5.1 Market Overview
5.2 Market Performance
5.three Market Breakup by Region
5.four Market Breakup by Product Type
5.5 Market Breakup by End-use
5.6 Market Forecast
6 Indian Sports and Fitness Goods Market
6.1 Market Overview
6.2 Market Performance
6.three Market Breakup by Region
6.four Market Breakup by Product Type
6.5 Market Breakup by Fitness Goods
6.6 Market Breakup by Cardiovascular Training Goods
6.7 Market Breakup by End-use
6.eight Market Forecast
6.9 SWOT Analysis
6.10 Value Chain Analysis
6.10.2 Research and Development
6.10.three Inbound Logistics
6.10.four Manufacturing and Quality Control
6.10.eight End Users
6.11 Porter’s Five Forces Analysis
6.12 Key Success and Risk Factors
6.13 Government Initiatives
7 Treadmill Manufacturing Process
7.1 Product Overview
7.2 Product Components
7.three Product Component Pictures
7.four Various Types of Unit Operations Involved
eight Market Breakup by Region
eight.1 West and Central India
eight.2 North India
eight.three South India
eight.four East India
9 Market Breakup by Product Type
9.2 Fitness Goods
9.three Adventure Sports
9.four Golf Goods
9.5 Other Goods
10 Market Breakup by Fitness Goods
10.1 Cardiovascular Training Goods
10.2 Strength Training Goods
11 Market Breakup by Cardiovascular Training Goods
11.2 Stationary Bike
11.three Rowing Machine
12 Market Breakup by End-use
12.1 Health Clubs/Gyms
12.2 Home Consumers
12.three Hotels and Corporate Offices
12.four Hospitals, Medical Centers and Public Institutions
13 Competitive Landscape
13.1 Competitive Structure
13.2 Key Players
14 Profile of Key Players
14.1 Cosco (India) Limited
14.2 Nivia Sports Private Limited
14.three Bhalla International
14.four Sareen Sports Industries
14.5 Sansparelis Greenland Private Limited
For extra info about this report go to https://www.researchandmarkets.com/research/pwjhl9/india_5_5?w=12
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