市场调查报告书
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1494579
印度健身器材市场评估:依产品、最终用户、定价、分销管道和地区划分的机会和预测(2018-2032)India Gym Equipment Market Assessment, By Product, By End-user, By Pricing, By Distribution Channel, By Region, Opportunities and Forecast, FY2018-FY2032F |
印度健身器材市场规模预计将从 2024 年的 6.3 亿美元成长到 2032 年的 11.897 亿美元,预测期内复合年增长率为 8.3%。
人口健康意识的提高、国内健身和保健中心数量的增加、消费者对家庭锻炼的兴趣增加、越来越多的年轻人优先考虑健身、生活方式的改变以及快速的城市化推动了市场的增长。被认为是由于多种因素造成的,包括由于大流行,家庭健身房的流行主要推动了印度家庭健身器材市场的发展。越来越多的人选择在家健身来继续他们的健身习惯。因此,跑步机、健身车、哑铃、瑜珈垫等居家健身器材的需求量不断增加。这些产品为消费者提供灵活性和便利性,使他们能够在家中实现健身目标。
国内和国际品牌在印度的健身器材中占据主导地位,根据消费者的需求和预算提供产品选择。企业们正在引入先进技术,透过向消费者提供智慧健身设备来获得更大的市场占有率,从而颠覆健身产业。智慧健身器材与穿戴式装置和健身应用程式搭配使用,为使用者提供即时表现监控。提供线上健身计划的虚拟教练的激增也推动了健身器材市场的成长。名人品牌代言在健身器材市场中也发挥着重要作用,因为它们提高了品牌知名度、可信度和消费者参与度。
不断上升的数位健身趋势推动市场成长:
虚拟健身的日益普及是支持市场成长的主要因素之一。健身应用程式、虚拟训练课程和智慧型穿戴装置的激增正在改变人们管理健康的方式。数位健身平台提供个人化的运动计画、即时回馈以及在家运动的好处,并获得了巨大的欢迎,尤其是在大流行之后。这些数位健身平台与智慧健身器材结合,可以为使用者提供数据驱动的见解,帮助他们有效地实现健身目标。
本报告调查了印度健身器材市场,并提供了市场定义和概述、市场规模趋势和预测、各个细分市场和地区的详细分析、行业结构、影响市场成长的因素分析以及案例研究、竞争格局、概况。
India gym equipment market was valued at USD 630 million in FY2024, expected to reach USD 1189.7 million in FY2032, with a CAGR of 8.3% for the forecast period between FY2025 and FY2032. The market's growth can be attributed to several factors, such as increasing health awareness among people, increasing number of fitness and wellness centers in the country, increasing consumer interest in home workouts, a growing number of young people who prioritize fitness, changing lifestyle, and rapid urbanization. The popularity of home gyms mainly drives the home gym equipment market in India due to the pandemic. More people opt for home fitness to keep up with their fitness routines. This has increased the demand for home gym equipment such as treadmills, exercise bikes, dumbbells, and yoga mats. These products offer flexibility and convenience to the consumers and allow them to reach their fitness goals from home.
Domestic and international brands dominate India gym equipment, offering product options to consumers according to their needs and budget. Market players are introducing technological advancements to gain a bigger market share by providing smart gym equipment to consumers, transforming the fitness industry. Smart gym equipment is linked to wearables and fitness apps, providing real-time performance monitoring to the users. A surge in virtual trainers offering online fitness programs also helps grow the gym equipment market. Brand endorsements by celebrities play an important role in the gym equipment market by leveraging star power to boost brand visibility, trust, and consumer engagement, which drives sales and market growth. For instance, Jerai Fitness Private Limited partnered with Salman Khan, India's most popular fitness icon, to launch the BEING STRONG brand, under which it planned to produce an exclusive range of products.
Despite the constraints, such as limited space and high prices, the market will continue to grow by offering more space-efficient solutions that can easily be incorporated into gyms and homes.
Rising Digital Fitness Trend Drives the Market Growth
The growing popularity of virtual fitness is one of the major reasons behind the growth of the gym equipment and home gym equipment market in India. The rising acceptance of fitness apps, virtual training sessions, and smart wearables has changed how people track their health. Digital fitness platforms provide personalized workout plans, real-time feedback, and the benefits of at-home workouts, which gained immense popularity, especially after the pandemic. When combined with smart gym equipment, these digital fitness platforms provide users with data-driven insights to help them reach their fitness goals effectively.
Millennials and Gen Z are particularly drawn to this trend because they are tech-savvy and like the flexibility and accessibility that virtual fitness service providers offer. With the rise of fast-paced networks and cheap smartphones, digital health has become more accessible to a wider audience. Manufacturers are responding by creating modern merchandise such as integrated displays on treadmills, connected stationary bikes and intelligent dumbbells that synchronize with health apps. For instance, Lifelong Online Retail Private Limited has Lifelong LLF45 Fit Pro Spin Fitness Bike in its portfolio, which includes a pedometer and a simulation app. The software allows the users to track their weekly activity, overall ranking, and competition with users worldwide. It also features a variety of landscapes, including lakes, mountains, seaside, and virtual reality (VR), making exercising more enjoyable and social.
Surge in Health Consciousness Among People Fuels the Market
One of the main reasons for the growth of the gym equipment market in India is the rising health awareness among the people. The increased awareness of the advantages of regular exercise and a healthy lifestyle has changed consumer behavior. The prevalence of lifestyle diseases such as obesity, diabetes, high blood pressure, etc., has made people aware of the need for fitness and wellness. This has encouraged many people to make physical activity part of their daily routine. The increased health awareness is a result of various factors, including government initiatives such as the Fit India movement, as well as the influence of fitness celebrities on social media, have led to an increase in the number of people visiting gyms and health centres. People are investing in home & fitness equipment to keep up their fitness regime.
After launching its fitness equipment store in Delhi in June 2022, PowerMax declared its intention to grow in March 2024, with ten additional official stores to be opened in various states. Every store will feature the newest exercise gear and staff prepared to help its esteemed patrons.
Cardiovascular Training Equipment Dominate the Market
The cardiovascular training equipment segment occupies a dominant position in the market, with numerous factors contributing to its popularity and demand. Cardio exercise is important for heart health, burning calories, and achieving optimum fitness levels, making it an essential everyday workout routine.
Treadmills, stationary bikes, elliptical trainers, and rowing machines are among India's most sought-after cardiovascular training devices. Treadmills are especially popular for their versatility, allowing users to walk, jog, or run regardless of weather or seasonal conditions. For instance, in September 2022, Reach (a brand of GlobalBees Brands Private Limited), a well-known exercise and sporting goods manufacturer, introduced the T-400 motorized treadmill, a "Made in India" sleek, premium aluminum-based training equipment. With a maximum speed of 12 km/h, the motorized T-400 model features a powerful 4 HP Peak DC motor. It comes with wheels for convenient mobility and shifting and three manually adjustable inclination levels.
Additionally, stationary bicycles, representing a cardio workout with low-impact muscle training, are suitable for individuals with joint problems or recovering from injuries. Indian user's increasing emphasis on weight management and cardiovascular health by Indian users has further dominated the cardiovascular training equipment segment. Additionally, technological advancements have made cardio training devices more appealing, and features such as built-in workout programs, interactive displays, and compatibility with fitness apps appeal to users looking for fun and effective workouts.
Future Market Scenario (FY2025-FY2032F)
The home gym trend is likely to continue, as more consumers invest in compact and versatile fitness equipment for convenient home workouts.
Digital fitness solutions, including smart gym devices integrated with fitness apps and virtual training sessions, will become increasingly popular in delivering personalized and interactive experiences at the gym.
With increasing efforts to penetrate rural markets, manufacturers will offer products catering to rural needs and preferences, thus expanding the market.
Key Players Landscape and Outlook
The India gym equipment market is competitive with the presence of many key players. Dominating the market with established national brands such as Fitness World, and Fitline Retails Pvt. Ltd., as well as international giants such as TechnoGym S.p.A., these companies offer a wide range of fitness equipment to both commercial and home fitness segments, with quality, innovation, and a focus on customer satisfaction.
The outlook of key players in the Indian gym equipment market seems promising, with factors such as rising health consciousness, urbanization, home fitness trends, etc. Additionally, strategic partnerships with fitness influencers and e-commerce platforms will help expand the market and drive sales. As the market continues to evolve, key players will need to adapt to changing consumer preferences and emerging trends to maintain their position and secure growth opportunities in the dynamic market landscape.
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work