What You Need To Know About The Sports Equipment Market In India

India has emerged as a major player in the sports equipment industry. With the market size expanding to Rs 2,000 crore in the last decade. It is now estimated that the industry will be worth Rs 40,800 crore by 2020 at a compounded annual growth rate of 16%. Indian international companies, too, are spread all over the world.

Sports in India

India is a cricket-crazy country and the sport is by far the most popular in the nation. However, there are other sports that are also follow religiously such as Kabaddi, Field Hockey, Football, and Tennis. 

Cricket: Cricket is the most popular sport in India and is follow by millions of fans across the country. The game is played between two teams of eleven players each and is play with a bat and ball. The object of the game is to score runs by hitting the ball with the bat and then running between the wickets. 

Kabaddi: Kabaddi is a popular traditional sport in India that is play between two teams of seven players each. The object of the game is to score points by touching or tagging members of the opposing team while holding your breath. 

Field Hockey: Field hockey is another popular sport in India that is play between two teams of eleven players each. The object of the game is to score goals by hitting the ball into the opponent’s net using a stick. 

Football: Football is a hugely popular sport in India and is play between two teams of eleven players each. The object of the game is to score goals by kicking or heading the ball into the opponent’s net. 

Tennis: Tennis is a popular racket sport in India that can be play in singles or doubles matches. The object of the game is to hit the ball over a net into the opponent’s court.

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Types of sports equipment market in India

There are many different types of sports equipment available in India, ranging from simple items like balls and bats to more complex pieces of gear like golf clubs and tennis racquets. Here is a look at some of the most popular types of sports equipment on the market in India:

Balls: Football balls, cricket balls, and tennis balls are all popular choices for Indian athletes.

Bats: Wooden cricket bats are particularly popular in India, though aluminum and composite bats are also use for both cricket and baseball.

Clubs: Golf clubs are the most common type of club use in India, though there are also a few clubs dedicate to other sports such as hockey and squash.

Racquets: Both tennis and badminton racquets are widely use in India, with many people preferring to use wooden racquets for both sports.

Shoes: Running shoes are the most popular type of sports shoe in India, though there is also a growing market for basketball and football shoes. 

Clothing: Sport-specific clothing is not as commonly used in India as it is in other parts of the world, though many people do wear comfortable clothing while playing sports.

Other Equipment: Gym equipment, such as weights and treadmills, is also becoming increasingly popular in India as more people looking to get fit and stay healthy.

Why sports equipment market is important for Indian society?

The sports equipment market in India is a growing industry that is attracting a lot of interest and investment from both local and international players. The market is drive by the country’s growing economy, rising disposable incomes, and the government’s supportive policies for the development of the sector.

The sports equipment market in India comprises both organized and unorganized players. The organized players account for a significant share of the market due to their better brand recall, marketing strategies, product reliability, and after-sales service. The unorganized players are mostly small-scale manufacturers who cater to the low-end segment of the market.

The sports equipment market in India is expect to grow at a CAGR of XX% during the forecast period (20XX-20XX). The growth of the market is being drive by factors such as the government’s initiatives to promote sports and fitness, rising disposable incomes, increasing participation in sporting activities, and growing health consciousness among people.

Some of the major players operating in the sports equipment market in India are Adidas AG, Nike Inc., Puma SE, Reebok International Ltd., Asics Corporation, Sketchers USA Inc., New Balance Athletics Inc., Under Armour Inc., Columbia Sportswear Company, and K Swiss Inc.

Future implications of a healthy and safe sports equipment market on Indian society

Assuming that the sports equipment market in India continues to grow at a healthy and safe rate. There are several potential implications for Indian society as a whole.

First, as more and more people become active in sports. There will likely be a corresponding increase in overall health and fitness levels. This could lead to reduced healthcare costs, improved quality of life, and potentially even longer life expectancy rates.

Second, the growing popularity of sports could lead to increased opportunities for social interaction and bonding. For example, people who play team sports may find themselves forming stronger relationships with their teammates. While those who participate in individual sports may get to know other athletes from around the country (or even the world).

Third, the successful development of the sports equipment market in India could serve as a model for other industries in the country. This could inspire other businesses to adopt similar safety and quality standards, which would benefit consumers across the board.

Fourth, a thriving sports equipment market could create jobs and spur economic growth. In addition to directly supporting the industry itself, this could have ripple effects throughout the Indian economy.

In sum, there are numerous potential benefits of a healthy and safe sports equipment market in India. These implications range from improved public health to greater economic prosperity.

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Conclusion

The sports equipment market in India is a booming industry with immense potential. When it comes to choosing the right equipment for your sporting needs. It is important to do your research and select a reputable brand. With so many options available, it can be tricky to know where to start. However, by keeping these few pointers in mind. You’ll be sure to find the perfect gear for your next game or match.