Market Insights Consumer Toys & Hobby Sports Equipment

Racket Sports Equipment - Germany

Germany

in Germany, a country known for its rich history and cultural heritage, plays a significant role in the Racket Sports Equipment market.
In 2024, the revenue in this market is projected to reach an impressive US$66m.
This represents a substantial growth rate of 2.49% annually (CAGR 2024-2029).
However, when compared globally, Germany's revenue in this market is relatively lower than that of in China, which is expected to generate a staggering US$4,374m in 2024.
It is interesting to note that the revenue generated in the Racket Sports Equipment market in Germany, when considered in relation to its total population, amounts to approximately US$0.79 per person in 2024.
This signifies the significance of this market segment in the country and highlights the potential for further growth and development.
Germany's passion for sports and its commitment to promoting an active lifestyle make it a promising market for Racket Sports Equipment market.
Germany's passion for precision and quality is reflected in the increasing demand for high-performance racket sports equipment.

Key regions: United Kingdom, India, United States, Italy, Asia

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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.