PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1597606
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1597606
India Fitness Equipment Market, By Type; By End User; By Distribution Channel; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
India Fitness Equipment Market Grows at Healthy CAGR to Surpass 453 Million by 2030
India Fitness Equipment Market is booming primarily due to heightened awareness about fitness and wellness, rapid urbanization, shifting lifestyle trends, and growing disposable incomes.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Fitness Equipment Market size by value at USD 287.8 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects India Fitness Equipment Market size to expand at a CAGR of 8% reaching a value of USD 453.2 million by 2030. The Fitness Equipment Market in India is propelled by a health-conscious population, increasingly aware of lifestyle diseases, and rising government initiatives. The popularity of home workouts is on the rise, driving the demand for fitness equipment for personal use. Additionally, the market is witnessing the exciting convergence of digital and physical fitness. Consumers are embracing digital fitness solutions, and leading players like Cure.Fit, Gold's Gym, and Talwalkars, are capitalizing on this by offering personalized training programs alongside digital fitness classes. Talwalkars' planned expansion of 50 new centers exemplifies this strategic move, creating an ecosystem that fuels equipment demand. The market's future is further bolstered by the rise of smart fitness equipment, which seamlessly integrates with wearable devices and mobile apps, providing consumers with advanced tools to track and improve their fitness goals.
Impact of Escalating Geopolitical Tensions on India Fitness Equipment Market
Intensifying geopolitical tensions, such as Russia-Ukraine War and increasing conflicts in the Middle East, could have a multifaceted impact on India Fitness Equipment Market. Supply chain disruptions and increased tariffs could lead to higher costs for raw materials and finished products, impacting affordability. Economic instability and reduced consumer spending may dampen demand, particularly for premium fitness equipment. Additionally, geopolitical risks could discourage investments in fitness infrastructure and innovation, hindering the expansion of fitness centers and the adoption of advanced fitness technologies. These factors may collectively moderate the market's growth trajectory.
Cardiovascular Equipment Segment Holds Largest Market Share
The cardiovascular equipment accounts for the largest market share of India Fitness Equipment Market by type, fueled by a growing focus on heart health, calorie expenditure, and overall fitness. Treadmills, stationary bikes, elliptical trainers, and rowing machines are the stalwarts of this segment. Treadmills, in particular, are favored for their versatility, catering to diverse fitness needs from walking to intense running. The launch of the T-400 motorized treadmill by Reach in September 2022 underscores the increasing demand for premium, locally manufactured equipment. Stationary bikes, offering low-impact workouts, are ideal for joint health. Technological advancements, such as interactive displays, app integration, and personalized workout programs, further elevate the appeal of cardiovascular devices. As Indian consumers prioritize weight management and cardiovascular health, the demand for these devices continues to surge. The other major segments of India Fitness Equipment Market by type include strength training equipment and yoga & pilates equipment.
Competitive Landscape
India Fitness Equipment Market is highly fragmented, with numerous players serving the market. The key players dominating India Fitness Equipment Market include Jerai Fitness, Nortus Fitness, BullrocK Fitness, Into Wellness, Mahaveer Gym Industry, Syndicate Gym Industries, Hercules Fitness, Meerut Gym & Gymnastic Works, Universal Gym Fitness Equipment, and Fitness World. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and India Fitness Equipment Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Fitness Equipment Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Fitness Equipment Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growing awareness about the importance of fitness and wellness
- 3.2.1.2. Urbanization and changing lifestyles
- 3.2.1.3. Increasing disposable incomes
- 3.2.2. Restraints
- 3.2.2.1. High cost of premium fitness equipment
- 3.2.2.2. Limited awareness about the benefits of regular exercise
- 3.2.2.3. Inadequate after-sales service and maintenance
- 3.2.3. Opportunities
- 3.2.3.1. Government initiatives to promote fitness and sports
- 3.2.3.2. Expansion of commercial fitness centers and gyms
- 3.2.3.3. Growth of e-commerce platforms
- 3.2.4. Challenges
- 3.2.4.1. Prevalence of counterfeit fitness equipment
- 3.2.4.2. Space constraints in urban areas
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Fitness Equipment Market: Marketing Strategies
5. India Fitness Equipment Market Overview
- 5.1. Market Size & Forecast, 2019-2030
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.1.1. Cardiovascular Equipment
- 5.2.1.2. Strength Training Equipment
- 5.2.1.3. Yoga & Pilates Equipment
- 5.2.1.4. Other Fitness Equipment
- 5.2.2. By End User
- 5.2.2.1. Home Consumers
- 5.2.2.2. Commercial
- 5.2.2.3. Educational Institutions
- 5.2.3. By Distribution Channel
- 5.2.3.1. Online
- 5.2.3.2. Offline
- 5.2.4. By Region
- 5.2.4.1. North India
- 5.2.4.2. South India
- 5.2.4.3. East India
- 5.2.4.4. West India
- 5.2.1. By Type
6. North India Fitness Equipment Market
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By End User
- 6.2.3. By Distribution Channel
7. South India Fitness Equipment Market
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By End User
- 7.2.3. By Distribution Channel
8. East India Fitness Equipment Market
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By End User
- 8.2.3. By Distribution Channel
9. West India Fitness Equipment Market
- 9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By End User
- 9.2.3. By Distribution Channel
10. Competitive Landscape
- 10.1. List of Key Players and Their Offerings
- 10.2. India Fitness Equipment Company Market Share Analysis, 2023
- 10.3. Competitive Benchmarking, By Operation Channel Parameters
- 10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
11. Impact of Escalating Geopolitical Tensions on India Fitness Equipment Market
12. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 12.1. Jerai Fitness
- 12.2. Nortus Fitness
- 12.3. BullrocK Fitness
- 12.4. Into Wellness
- 12.5. Mahaveer Gym Industry
- 12.6. Syndicate Gym Industries
- 12.7. Hercules Fitness
- 12.8. Meerut Gym & Gymnastic Works
- 12.9. Universal Gym Fitness Equipment
- 12.10. Fitness World
- 12.11. Other Prominent Players
13. Key Strategic Recommendations
14. Research Methodology
- 14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
- 14.2. Quantitative Research
- 14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
- 14.4. Breakdown of Primary Research Respondents, By Region
- 14.5. Assumption & Limitation
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
- Figure 1 India Fitness Equipment Market Segmentation
- Figure 2 India Fitness Equipment Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 India Fitness Equipment Market Size, By Value (USD Million), 2019-2030
- Figure 5 India Fitness Equipment Market Share, By Type, By Value (USD Million) 2019-2030
- Figure 6 India Fitness Equipment Market Share, By End User, By Value (USD Million) 2019-2030
- Figure 7 India Fitness Equipment Market Share, By Distribution Channel, By Value (USD Million) 2019-2030
- Figure 8 India Fitness Equipment Market Share, By Region, By Value (USD Million) 2019-2030
- Figure 9 North India Fitness Equipment Market Size, By Value (USD Million), 2019-2030
- Figure 10 North India Fitness Equipment Market Share, By Type, By Value (USD Million) 2019-2030
- Figure 11 North India Fitness Equipment Market Share, By End User, By Value (USD Million) 2019-2030
- Figure 12 North India Fitness Equipment Market Share, By Distribution Channel, By Value (USD Million) 2019-2030
- Figure 13 South India Fitness Equipment Market Size, By Value (USD Million), 2019-2030
- Figure 14 South India Fitness Equipment Market Share, By Type, By Value (USD Million) 2019-2030
- Figure 15 South India Fitness Equipment Market Share, By End User, By Value (USD Million) 2019-2030
- Figure 16 South India Fitness Equipment Market Share, By Distribution Channel, By Value (USD Million) 2019-2030
- Figure 17 East India Fitness Equipment Market Size, By Value (USD Million), 2019-2030
- Figure 18 East India Fitness Equipment Market Share, By Type, By Value (USD Million) 2019-2030
- Figure 19 East India Fitness Equipment Market Share, By End User, By Value (USD Million) 2019-2030
- Figure 20 East India Fitness Equipment Market Share, By Distribution Channel, By Value (USD Million) 2019-2030
- Figure 21 West India Fitness Equipment Market Size, By Value (USD Million), 2019-2030
- Figure 22 West India Fitness Equipment Market Share, By Type, By Value (USD Million) 2019-2030
- Figure 23 West India Fitness Equipment Market Share, By End User, By Value (USD Million) 2019-2030
- Figure 24 West India Fitness Equipment Market Share, By Distribution Channel, By Value (USD Million) 2019-2030
List of Tables
- Table 1 India Fitness Equipment Market Size, By Value (USD Million), 2019-2030
- Table 2 India Fitness Equipment Market Share, By Type, By Value (USD Million) 2019-2030
- Table 3 India Fitness Equipment Market Share, By End User, By Value (USD Million) 2019-2030
- Table 4 India Fitness Equipment Market Share, By Distribution Channel, By Value (USD Million) 2019-2030
- Table 5 India Fitness Equipment Market Share, By Region, By Value (USD Million) 2019-2030
- Table 6 North India Fitness Equipment Market Size, By Value (USD Million), 2019-2030
- Table 7 North India Fitness Equipment Market Share, By Type, By Value (USD Million) 2019-2030
- Table 8 North India Fitness Equipment Market Share, By End User, By Value (USD Million) 2019-2030
- Table 9 North India Fitness Equipment Market Share, By Distribution Channel, By Value (USD Million) 2019-2030
- Table 10 South India Fitness Equipment Market Size, By Value (USD Million), 2019-2030
- Table 11 South India Fitness Equipment Market Share, By Type, By Value (USD Million) 2019-2030
- Table 12 South India Fitness Equipment Market Share, By End User, By Value (USD Million) 2019-2030
- Table 13 South India Fitness Equipment Market Share, By Distribution Channel, By Value (USD Million) 2019-2030
- Table 14 East India Fitness Equipment Market Size, By Value (USD Million), 2019-2030
- Table 15 East India Fitness Equipment Market Share, By Type, By Value (USD Million) 2019-2030
- Table 16 East India Fitness Equipment Market Share, By End User, By Value (USD Million) 2019-2030
- Table 17 East India Fitness Equipment Market Share, By Distribution Channel, By Value (USD Million) 2019-2030
- Table 18 West India Fitness Equipment Market Size, By Value (USD Million), 2019-2030
- Table 19 West India Fitness Equipment Market Share, By Type, By Value (USD Million) 2019-2030
- Table 20 West India Fitness Equipment Market Share, By End User, By Value (USD Million) 2019-2030
- Table 21 West India Fitness Equipment Market Share, By Distribution Channel, By Value (USD Million) 2019-2030
- Table 22 Jerai Fitness Company Overview
- Table 23 Jerai Fitness Financial Overview
- Table 24 Nortus Fitness Company Overview
- Table 25 Nortus Fitness Financial Overview
- Table 26 BullrocK Fitness Company Overview
- Table 27 BullrocK Fitness Financial Overview
- Table 28 Into Wellness Company Overview
- Table 29 Into Wellness Financial Overview
- Table 30 Mahaveer Gym Industry Company Overview
- Table 31 Mahaveer Gym Industry Financial Overview
- Table 32 Syndicate Gym Industries Company Overview
- Table 33 Syndicate Gym Industries Financial Overview
- Table 34 Hercules Fitness Company Overview
- Table 35 Hercules Fitness Financial Overview
- Table 36 Meerut Gym & Gymnastic Works Company Overview
- Table 37 Meerut Gym & Gymnastic Works Financial Overview
- Table 38 Universal Gym Fitness Equipment Company Overview
- Table 39 Universal Gym Fitness Equipment Financial Overview
- Table 40 Fitness World Company Overview
- Table 41 Fitness World Financial Overview
