Market Insights Consumer Toys & Hobby Sports Equipment

Exercise Equipment - Luxembourg

Luxembourg

in Luxembourg, a country known for its prosperous economy and high standard of living, is not immune to the global exercise equipment market.
In 2024, the revenue in the exercise equipment market in Luxembourg amounts to a substantial US$12.5m.
This figure represents the total amount of money generated from the sale of exercise equipment within the country.
Looking ahead, the exercise equipment market in Luxembourg is projected to experience a steady annual growth rate of 4.44% from 2024 to 2028.
This growth rate, also known as the compound annual growth rate (CAGR), indicates the expected rate at which the market will expand over the specified period.
When compared to other countries on a global scale, it becomes evident that in China dominates the exercise equipment market.
In 2024, in China is expected to generate a staggering revenue of US$12,960.0m in this market.
This figure demonstrates the significant market share and economic influence that in China possesses in the exercise equipment industry.
To put the revenue generated by the exercise equipment market in Luxembourg into perspective, it is important to consider the per person revenues.
In 2024, each individual in Luxembourg contributes an average of US$18.95 to the total revenue of the exercise equipment market.
This calculation takes into account the total population figures of the country and provides insight into the economic impact of the exercise equipment industry on a per capita basis.
In conclusion, in Luxembourg, a country known for its affluent society, actively participates in the exercise equipment market.
With a revenue of US$12.5m in 2024 and an expected annual growth rate of 4.44%, in Luxembourg remains a significant player in this global industry.
However, it is important to note that in China currently holds the lion's share of the market, generating a revenue of US$12,960.0m in the same year.
Nonetheless, the per person revenues of US$18.95 in Luxembourg underscore the economic significance of the exercise equipment market within the country.
Luxembourg's growing interest in health and fitness has led to an increased demand for high-end exercise equipment.

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

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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.