Market Insights Consumer Toys & Hobby Sports Equipment

Fishing Equipment - United Arab Emirates

United Arab Emirates

In the United Arab Emirates, the revenue generated in the Fishing Equipment market is estimated to reach US$27.0m in 2024.
This market segment is projected to experience an annual growth rate of -0.85%, as measured by the compound annual growth rate (CAGR) between 2024 and 2028.
When compared to the rest of the world, in China leads the way in terms of revenue generated in the Fishing Equipment market, with an estimated amount of US$6,199.0m in 2024.
In terms of per capita revenue, the Fishing Equipment market in the United Arab Emirates is expected to generate approximately US$2.81 per person in 2024.
This figure is calculated by dividing the total revenue by the population of the country.
In the United Arab Emirates, there is a growing demand for high-quality fishing equipment due to the country's thriving sport fishing industry.

Key regions: Indonesia, India, United Kingdom, United States, China

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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.