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Outdoor Equipment - Ethiopia

Ethiopia
  • In Ethiopia, the revenue generated in the Outdoor Equipment market in 2024 amounts to US$36.5m.
  • It is projected that the market will experience an annual growth rate of 8.69% (CAGR 2024-2029).
  • When compared globally, China generates the highest revenue in this market, with US$4.5bn in 2024.
  • In terms of per capita figures, each person in Ethiopia generates revenues of US$0.28 in 2024.
  • Ethiopia's growing interest in adventure tourism has led to a surge in demand for high-quality outdoor equipment.

Definition:

Outdoor equipment refers to a variety of products designed for outdoor activities such as camping, hiking, and exploring. Products in this category include tents, sleeping bags, backpacks, hiking boots, and other gear designed to withstand the elements and provide comfort and safety in outdoor settings. Additionally, outdoor equipment can include products such as fishing gear, hunting equipment, and outdoor cooking supplies. The market for outdoor equipment has grown significantly in recent years, due in part to increasing interest in outdoor activities and eco-tourism.

Additional Information:

The market comprises revenue and average revenue per capita. Figures are generated through both online and offline sales channels and include spending by consumers (B2C). Key players in the market are companies like The North Face, Patagonia, Columbia, and REI. These companies are leaders in their respective segments and are known for their innovative products, brand reputation, and extensive distribution networks. For more information on the data displayed, use the info button right next to the boxes.

In-Scope

  • Tents, shelters, tarps, sleeping bags, cots, and hammocks
  • Backpacks, rope bags, and chalk bags
  • Headlamps, flashlights, lanterns, and other outdoor accessories
  • Climbing ropes, webbing, climbing chalk, hiking poles, ice axes, crampons, helmets, as well as other climbing and mountaineering gear

Out-Of-Scope

  • Outdoor furniture
  • Down jackets, hardshell jackets, fleece jackets, pants, and other outdoor apparel
  • Snow and hiking boots as well as other sports footwear
  • Sunglasses and other outdoor eyewear

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Jul 2024

Source: Statista Market Insights

Most recent update: Jul 2024

Source: Statista Market Insights

Key Players

Most recent update: Mar 2024

Source: Statista Market Insights

Global Comparison

Most recent update: Jul 2024

Source: Statista Market Insights

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.

Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Sep 2024

Source: Statista Market Insights

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