Market Insights Consumer Toys & Hobby Sports Equipment

Outdoor Equipment - Bahrain

Bahrain

in Bahrain, a country known for its rich history and vibrant culture, is no stranger to the Outdoor Equipment market.
In 2024, the revenue in this market segment amounted to a substantial US$5.8m.
Looking ahead, the market is projected to experience a steady annual growth rate of 5.76%, as measured by the Compound Annual Growth Rate (CAGR) from 2024 to 2028.
When comparing the global landscape, it is interesting to note that in China emerges as the leading player, generating an impressive revenue of US$4,464.0m in 2024.
This highlights in China's dominance in the Outdoor Equipment market and its significant contribution to the industry's overall growth.
To gain a deeper understanding of the market's performance, it is essential to consider revenue per capita.
In 2024, the per person revenue in the Outdoor Equipment market stands at US$3.88.
This metric provides valuable insights into the market's reach and the level of consumer engagement withBahrain.
With these figures and trends in mind, it is clear that the Outdoor Equipment market in Bahrain is poised for continued growth and presents promising opportunities for businesses operating in this sector.
As the market expands, both domestically and globally, it will be fascinating to observe how Bahrain's unique characteristics and consumer preferences shape its contribution to this dynamic industry.
Bahrain is experiencing a growing demand for outdoor equipment, driven by its favorable climate and increasing interest in outdoor recreational activities.

Key regions: Europe, Worldwide, Italy, China, Indonesia

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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.