Market Insights Consumer Toys & Hobby Sports Equipment

Racket Sports Equipment - Italy

Italy

in Italy, a country known for its rich history and cultural heritage, has a significant presence in the Racket Sports Equipment market.
In 2024, the revenue in this market segment in Italy amounts to US$39m.
Looking ahead, the market is projected to experience an annual growth rate of 5.63% (CAGR 2024-2029).
When compared globally, in China emerges as the top revenue generator in the Racket Sports Equipment market, with a staggering revenue of US$4,374m in 2024.
in Italy, though not at the same scale as in China, still contributes a substantial amount to the market.
To put things into perspective, the per person revenue in Italy for Racket Sports Equipment market in 2024 stands at US$0.67.
This figure showcases the average revenue generated per individual in relation to the total population of Italy.
It highlights the significance of the market segment within the country's sporting landscape.
Italy's passion for tennis is reflected in the increasing demand for high-quality tennis rackets and accessories in the market.

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.