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2017 Yearbook
According to the survey provided by
Marketreasearch. com,in 2014 the market value of Indian fitness equipment
industry is about 7.5 billion US dollars. The compound
annual growth rate is about 25%. Estimated in 2015 the
market scale is 9.3 billion US dollars. Marketresearch
also indicates under the increasing average income, the
Indian, apart from work for living, would be able to have
more time and expense on entertainment and health-
related activities. Besides, there will be more and more
people like to buy fitness equipment and do sports or
other health programs. Dr. Vikram, CEO of Snap Fitness
India, expresses that the Indian sports equipment
industry over the past few years has had an explosive
growth. The lifestyle of the ordinary people has changed
evidently. In the past, very few Indians went to
do sports at a fitness center. However, there are a
great number of customers would go to gym and
workout more than 3 times a week. The fitness
market is booming at the moment.
In India, there is no specific industrial cluster
among many Indian industries. However, sports
equipment industry is developing throughout
India. Based on the relevant statistic, only 25%
of the sports equipment industry in the entire
India belong to the planned industrial clusters.
Most of them are located in the first 5 major
cities including New Delphi, Mumbai, Bangalore,
and Chennai. The rest features the small-and-