Market Insights Consumer Toys & Hobby Sports Equipment

Team Sports Equipment - Belarus

Belarus

in Belarus, a country known for its rich history and cultural heritage, plays a significant role in the global market segment of Team Sports Equipment market.
In 2024, the revenue in this market segment in Belarus amounts to US$12m.
Looking ahead, the market is projected to experience an annual growth rate of 6.92% from 2024 to 2029 (CAGR 2024-2029).
When compared on a global scale, in China takes the lead in terms of revenue generation, with a staggering US$2,001m in 2024.
This highlights the immense size and influence of in China's Team Sports Equipment market.
To put the revenue figures into perspective, in Belarus, per person revenues reach US$1.31 in 2024.
This indicates the level of economic activity and consumer demand within the country's Team Sports Equipment market.
Belarus is experiencing a growing demand for team sports equipment as the popularity of sports like ice hockey and football continues to rise.

Key regions: Indonesia, China, United States, Europe, Italy

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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.