Market Insights Consumer Toys & Hobby Sports Equipment

Exercise Equipment - New Zealand

New Zealand

In New Zealand, the Exercise Equipment market is projected to generate a revenue of NZ US$93m in 2024.
It is expected to witness an annual growth rate of 4.82% (CAGR 2024-2029).
When compared globally, in China leads the market by generating a revenue of approximately NZ US$12,960m in 2024.
In terms of per person revenues, in New Zealand generates NZ US$17.57 per individual in 2024.
Demand for exercise equipment in New Zealand has surged due to the country's strong emphasis on outdoor activities and health-conscious lifestyle.

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

Market

Region

Region comparison

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.