Between 2013 and 2023, the market for sporting equipment, swimming, and paddling pools in India saw significant growth, starting at $355.95 million and reaching $765.32 million. The highest year-on-year growth was observed in 2014 at 30.83%, followed by notable increases in the next few years. From 2019 onwards, the growth rate began to stabilize, averaging a compound annual growth rate (CAGR) of around 3.89% over the last five years. Despite a slight dip in 2020, primarily due to the global pandemic, the market rebounded strongly in 2021 and continued to grow steadily.
Future trends to watch for include:
- Increased demand for at-home recreational activities fueling continued market growth.
- Rising health and fitness awareness promoting higher spending on sporting equipment.
- Technological advancements and smart pool solutions becoming increasingly popular.
- Sustainable and eco-friendly products gaining traction among environmentally conscious consumers.