India Sporting Goods Market (2024-2030) Outlook | Revenue, Trends, Share, Forecast, Growth, Industry, Value, Size, Companies & Analysis

India Sporting Goods Market Synopsis

The India sporting goods market is expected to grow at an estimated CAGR of 8.3% in the forecast period of 2023-2029. The growing awareness about health and fitness, rising disposable income, changing consumer lifestyle and increasing government initiatives are some of the key factors driving the growth of this market. With a rise in popularity for physical activities such as running, yoga and aerobics amongst adults and children alike has led to increased demand for sports goods in India. Moreover, with the advent of e-commerce platforms like Amazon and Flipkart, customers can now easily browse through a wide range of products from different brands while sitting at home which is further propelling its growth. Additionally, manufacturers are constantly introducing new innovative designs that offer enhanced performance resulting in higher sales revenues generated from this sector.

Market Drivers

Rise in disposable income and increasing health-consciousness among people are some of the major factors driving the growth of the sports goods market in India. The availability of a wide range of sporting goods products at competitive prices has also been fuelling demand for such items amongst consumers, especially in Tier I cities.Growing focus on fitness activities like yoga and aerobics by many companies is expected to boost the sales of sports equipment during the forecast period. Increased participation in various physical activities such as cricket, badminton, swimming, etc., coupled with growing sponsorship from big brands have further boosted demand for sporting goods in recent years.

Challenges of the Market

The poor quality product availability is one challenge that restricts people from buying these products at higher prices as they are not assured of its durability and quality standards which affects brand loyalty. This can limit their expansion into global markets where customers demand high brand assurance & product quality standards before investing in such items.High cost associated with premium brands acts as another barrier for customers who look out for affordable options when it comes to purchasing sporting goods leading them to opt for low-cost domestic manufacturers or counterfeit versions available at lower costs resulting in revenue loss by original companies.

Key Players in the Market

Major players operating in India Sporting Goods Market include Adidas AG, Decathlon S A , Puma SE , Nike Inc., Li Ning Company Ltd., Lotto Sport Italia SpA , Reebok International Limited (Adidas Group) , Columbia Sportswear Company , New Balance Athletic Shoe Inc., ASICS Corporation amongst others

Key Highlights of the Report:

• India Sporting Goods Market Outlook
• Market Size of India Sporting Goods Market, 2023
• Forecast of India Sporting Goods Market, 2030
• Historical Data and Forecast of India Sporting Goods Revenues & Volume for the Period 2020-2030
• India Sporting Goods Market Trend Evolution
• India Sporting Goods Market Drivers and Challenges
• India Sporting Goods Price Trends
• India Sporting Goods Porter's Five Forces
• India Sporting Goods Industry Life Cycle
• Historical Data and Forecast of India Sporting Goods Market Revenues & Volume By By Product for the Period 2020-2030
• Historical Data and Forecast of India Sporting Goods Market Revenues & Volume By Ball Sports for the Period 2020-2030
• Historical Data and Forecast of India Sporting Goods Market Revenues & Volume By Adventurous Sports for the Period 2020-2030
• Historical Data and Forecast of India Sporting Goods Market Revenues & Volume By Fitness Equipments for the Period 2020-2030
• Historical Data and Forecast of India Sporting Goods Market Revenues & Volume By Golf Equipments for the Period 2020-2030
• Historical Data and Forecast of India Sporting Goods Market Revenues & Volume By Sports Equipments for the Period 2020-2030
• Historical Data and Forecast of India Sporting Goods Market Revenues & Volume By Athletic Footwear for the Period 2020-2030
• Historical Data and Forecast of India Sporting Goods Market Revenues & Volume By Athletic Apparels for the Period 2020-2030
• Historical Data and Forecast of India Sporting Goods Market Revenues & Volume By By Distribution Channel for the Period 2020-2030
• Historical Data and Forecast of India Sporting Goods Market Revenues & Volume By Hypermarket/supermarket for the Period 2020-2030
• Historical Data and Forecast of India Sporting Goods Market Revenues & Volume By Convenience/Departmental Store for the Period 2020-2030
• Historical Data and Forecast of India Sporting Goods Market Revenues & Volume By Specialty Store for the Period 2020-2030
• Historical Data and Forecast of India Sporting Goods Market Revenues & Volume By Online Store for the Period 2020-2030
• Historical Data and Forecast of India Sporting Goods Market Revenues & Volume By Others for the Period 2020-2030
• India Sporting Goods Import Export Trade Statistics
• Market Opportunity Assessment By By Product
• Market Opportunity Assessment By By Distribution Channel
• India Sporting Goods Top Companies Market Share
• India Sporting Goods Competitive Benchmarking By Technical and Operational Parameters
• India Sporting Goods Company Profiles
• India Sporting Goods Key Strategic Recommendations