New Delhi, Oct. 29 -- India's sports industry is estimated to be worth $19 billion and is projected to grow at a compound annual growth rate (CAGR) of 12-14% to reach $40 billion by 2030, and the sports goods, equipment and apparel manufacturing segment is valued at $6.7 billion and is expected to expand to $10 billion by the end of 2030, according to KPMG India, as rising participation in running and fitness, growing demand for performance footwear and investments by global sportswear brands reshape the market, according to a report by KPMG India.

Global sportswear companies, including Nike and ASICS, are stepping up efforts to tap the opportunity through India-specific products, retail expansion, marathon partnerships and running commu...