Market Insights Consumer Toys & Hobby Sports Equipment

Golf Equipment - Mauritius

Mauritius

In Mauritius, the revenue generated in the Golf Equipment market is estimated to be US$3m in the year 2024.
It is projected that this market will experience an annual growth rate of 5.26% (CAGR 2024-2029).
When compared globally, it is observed that in China generates the highest revenue in this market, with an estimated amount of US$8,876m in the year 2024.
In terms of per capita figures, it can be noted that in Mauritius, each person contributes to revenues of US$2.18 in the year 2024.
This indicates the level of market activity in relation to the country's total population.
Mauritius is experiencing a surge in demand for premium golf equipment, driven by the country's growing reputation as a top golfing destination.

Key regions: United States, Indonesia, China, Europe, 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.