India Fitness Equipment Market 2017-2023
Posted by Sophia Jones on March 6th, 2018
Rising lifestyle diseases such as heart problems, obesity and hypertension are resulting in growing awareness of consumers towards physical fitness. Further, growing youth population (15-34 years age group) coupled with increasing number of gyms and health clubs are driving the growth of fitness equipment market in India. Moreover, fitness equipment market is witnessing fierce competition in the country owing to the presence of numerous international and domestic players. Star Trac, Precor and Life Fitness are the key foreign players while Jerai Fitness led the market among the domestic companies.
India Fitness Equipment Market is projected to grow at a CAGR of 15% during 2017-23. The Western region bagged highest revenue share in 2016 with Maharashtra being the major contributor towards the growth of fitness equipment market in particular region. However, over the coming years, the Northern region is projected to exhibit highest growth on account of higher adoption across key states including Punjab, Haryana, Delhi/NCR, and Uttarakhand.
Among different end-user applications, gyms and health clubs bagged highest revenue share followed by commercial applications. In-house fitness centers and health clubs are gaining popularity in fitness equipment market. Hotels, offices, public corporations and educational institutes are offering gym facilities within their premises. Additionally, the commercial segment is forecast to exhibit highest growth rate over the coming years.
Please continue to read the complete report:
The report thoroughly covers fitness equipment market by types, end user applications and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas, market drivers which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
The report provides detailed analysis of the following market segments:
- Cardiovascular Training Equipment
- Strength Training Equipment
- Gyms & Health Clubs
Browse our related reports on above topic: Fitness Market Report
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About the AuthorSophia Jones
Joined: August 22nd, 2017
Articles Posted: 752
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