India Sports Equipment Market Size & Outlook, 2021-2030
India sports equipment market, 2017-2030 (US$B)
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India sports equipment market highlights
- The India sports equipment market generated a revenue of USD 19.6 billion in 2021 and is expected to reach USD 38.7 billion by 2030.
- The India market is expected to grow at a CAGR of 7.9% from 2022 to 2030.
- In terms of segment, ball games was the largest revenue generating product in 2021.
- Fitness/Strength Equipment is the most lucrative product segment registering the fastest growth during the forecast period.
Sports equipment market data book summary
| Market revenue in 2021 | USD 19.6 billion |
| Market revenue in 2030 | USD 38.7 billion |
| Growth rate | 7.9% (CAGR from 2021 to 2030) |
| Largest segment | Ball games |
| Fastest growing segment | Fitness/Strength Equipment |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Ball Over Net Games, Ball Games, Fitness/Strength Equipment, Athletic Training Equipment |
| Key market players worldwide | Adidas AG, Amer Sports Inc, Topgolf Callaway Brands Corp, Sumitomo Rubber Industries Ltd, Nike Inc Class B, Puma SE, Mizuno Corp, Frasers Group PLC, Under Armour Inc Class A, Yonex Co Ltd |
Other key industry trends
- In terms of revenue, India accounted for 5.9% of the global sports equipment market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China sports equipment market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 38.7 billion by 2030.
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Sports Equipment Market Scope
Sports Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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India sports equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to sports equipment market will help companies and investors design strategic landscapes.
Ball games was the largest segment with a revenue share of 35.2% in 2021. Horizon Databook has segmented the India sports equipment market based on ball over net games, ball games, fitness/strength equipment, athletic training equipment covering the revenue growth of each sub-segment from 2017 to 2030.
The Indian sports equipment market is characterized by the presence of several manufacturers, with local players dominating the market and offering sports equipment products at relatively inexpensive. Thus, large product availability with greater options provided by small players is expected to boost the market over the forecast period.
Cricket is India’s most played and well-liked sport, and 23 percent of the country’s population actively participates in outdoor sports, according to a recent Ormax Media survey. Additionally, the most recent research by the BBC reveals that around 75% of Indians feel sports have a big impact on their daily lives.
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Target buyers of India sports equipment market databook
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Our clientele includes a mix of sports equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India sports equipment market , including forecasts for subscribers. This country databook contains high-level insights into India sports equipment market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India sports equipment market size, by product, 2017-2030 (US$B)
India Sports Equipment Market Outlook Share, 2021 & 2030 (US$B)
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