Market Insights Consumer Toys & Hobby Sports Equipment

Outdoor Equipment - Central America

Central America

In Central America, the revenue in the Outdoor Equipment market reached a substantial amount of US$104.1m in 2024.
It is projected that this market segment will experience an annual growth rate of 5.87% from 2024 to 2028, as per the Compound Annual Growth Rate (CAGR).
When compared on a global scale, in China leads the way in terms of revenue generation, with a staggering US$4,464.0m expected in 2024.
This highlights the significant market dominance of in China in the Outdoor Equipment market industry.
Considering the total population figures, the per person revenue generated in Central America in 2024 amounts to US$1.97.
This figure provides an insight into the economic contribution of each individual in the region to the Outdoor Equipment market.
In Central America, the market for outdoor equipment is booming as locals embrace the region's diverse landscapes for adventure and exploration.

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

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.