Market Reprots on India

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 stat...