Market Insights Consumer Toys & Hobby Sports Equipment

Exercise Equipment - China

China

In 2024, the Exercise Equipment market in China is projected to generate a substantial revenue of US$13bn.
This market is anticipated to exhibit an annual growth rate of 6.78% from 2024 to 2029 (CAGR).
When compared globally, in China stands out as the leading revenue generator, with US$13bn in 2024.
Considering the total population, the per person revenue in China is estimated to be US$9.05 in 2024.
The exercise equipment market in China is experiencing a surge in demand due to the growing health consciousness among its population.

Key regions: Germany, Italy, China, United Kingdom, India

Market

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Currency

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on goods people buy for their leisure activities and hobbies.

Modeling approach:

Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use in-house market research, national statistical offices, international institutions, trade associations, third-party studies, and survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and household number. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, exponential trend smoothing is well suited for forecasting the Toys & Hobby market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.