India Sportswear Market (2023-2029) | Trends, Share, Size, Growth, Revenue, Analysis, industry, Forecast, industry, Outlook & COVID-19 IMPACT

India Sportswear Market Synopsis

India Sportswear Market has registered significant growth over the last five years owing to the increase in the share of the urban population along with the rising disposable personal income of people. Growing economic standards, changing lifestyles and increasing awareness about fitness are leading to an increase in sales of sportswear. Moreover, the rise in the number of people using e-commerce has led to a further increase in demand for the India sportswear market. The market has seen a halt owing to the massive outbreak of COVID-19 which resulted in nationwide lockdowns to combat the spread of the virus and has led to a decline in the overall India Sportswear market growth. Surging disposable income coupled with increasing awareness regarding health and wellness is driving the growth of the market. Moreover, the introduction of unique and innovative products by the manufacturers in the market is adding to the India Sportswear market share.

According to 6Wresearch, India Sportswear Market size is projected to grow at a CAGR of 4.7% during 2023-2029. This market in India has been growing rapidly in recent years due to increasing health consciousness and fitness trends among consumers. This sector has been working effortlessly and become an essential part of the Asia Pacific Sportswear Market. The market is also being driven by the popularity of various sports and fitness activities, as well as the rising disposable income of consumers. Athleisure wear has gained widespread popularity, as it combines style with comfort, making it suitable for everyday wear. Additionally, several international sportswear brands have entered the Indian market in recent years, which has further fueled the India Sportswear Market growth. Online sales have also seen a surge in recent times, as more and more consumers prefer to shop for sportswear through e-commerce platforms. With increasing awareness about the importance of physical activity, more people are taking up sports and fitness activities, driving the demand for sportswear. The e-commerce sector in India is growing rapidly, making it easier for consumers to purchase sportswear products online. With growing incomes, consumers are spending more on sportswear and other fitness-related products. India has been hosting a number of international sports events, such as the Indian Premier League (IPL) and the Indian Super League (ISL), which are driving the demand for sportswear in India. 

India Sportswear Market Highlights

Report Name	India Sportswear Market
Base Year	2022
Historical Period	2019-2022
Forecast Period	2023-2029
Growth Rate (CAGR)	4.7%
Report Coverage	Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
Segment Coverage	By Product Types, By Distribution Channels, By Demographics
Customization Scope	100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com
Pricing and Purchase Options	Avail customization purchase option to know the exact pricing of your research needs

COVID-19 Impacts on India Sportswear Market 

The coronavirus pandemic affected the growth of the sportswear market in India in a number of ways. With lockdowns, restrictions on outdoor activities, as well as temporary closures of gyms and fitness centres, there was a huge decline in consumers' demand for sportswear. The closure of brick-and-mortar retail outlets hampered traditional sales channels for sportswear key players. E-commerce platforms came out as an essential avenue for consumers to purchase sportswear during the lockdown, which led to an expansion in online sales. In addition, there was a shift in the preferences of consumers towards athleisure and comfortable, multifunctional activewear. Since remote work and digital fitness classes became the norm, people sought versatile sportswear that could seamlessly transition from workout sessions to casual wear. Increasing awareness towards health and a surge in the online sportswear market along with recovery of economic conditions are anticipated in the sportswear market of India post-2020. The increase in online shopping during the pandemic has also had a positive effect on the Sportswear Market in India. There is high competition in the sportswear industry in India, owing to the rising growth opportunities.

India Sportswear Industry: Key Players

Some of the most prominent companies running their business in this market are:

• Nike
• Adidas
• Puma
• Reebok
• Under Armour
• ASICS
• Skechers
• Fila
• New Balance
• Decathlon

Market Analysis By Types

Based on product types, the market is segmented into apparel, footwear, gear, and accessories. The footwear segment is the leading contributor to the India sportswear market followed by the apparel segment. The gear and accessories segment has gained a massive chunk of the overall market revenues in 2019 and is projected to expand during the forecast period.

Market Analysis by Distribution Channel

Based on the distribution channel, the market is segmented into online and retail outlets. The retail outlet's segment is dominating the market revenues in 2019 on account of the availability of a wide number of options and assistance from sales executives. However, the online channel is expected to be the fastest-growing segment owing to the increasing number of smartphones and internet users, the fast-paced lifestyle, and the growing popularity of e-commerce. 

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2022 to 2029.
• Base Year: 2022
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects

Key Highlights of the Report

• India Sportswear Market Overview
• India Sportswear Market Outlook
• India Sportswear Market Forecast
• Historical Data of India Sportswear Market Revenues for the Period 2019-2022
• India Sportswear Market Size and INDIA Sportswear Market Forecast of Revenues, Until 2029
• Historical Data of India Sportswear Market Revenues, by Product Types, for the Period 2019-2022
• Market Size & Forecast of India Sportswear Market Revenues, by Product Types, Until 2029
• Historical Data of India Sportswear Market Revenues, by Distribution Channel, for the Period 2019-2022
• Market Size & Forecast of India Sportswear Market Revenues, by Distribution Channel, Until 2029
• Historical Data of India Sportswear Market Revenues, by Demographics, for the Period 2019-2022
• Market Size & Forecast of India Sportswear Market Revenues, by Demographics, Until 2029
• Market Drivers and Restraints
• India Sportswear Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• India Sportswear Market Share, By Players
• India Sportswear Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Product Types:

• Footwear
• Apparels
• Gears
• Accessories

By Distribution Channels:

• Online
• Offline

By Demographics:

• Men
• Women
• Children