Market Insights Consumer Toys & Hobby Sports Equipment

Winter Sports Equipment - Asia

Asia

In 2024, the revenue generated in the Winter Sports Equipment market in Asia amounts to US$3bn.
It is projected that the market will experience an annual growth rate of 3.64% from 2024 to 2029 (CAGR 2024-2029).
When compared to other regions worldwide, in the United States leads in terms of revenue, generating US$3,001m in 2024.
Considering the total population, the per person revenue in Asia for 2024 is US$0.66.
In Japan, the demand for high-tech and lightweight winter sports equipment is on the rise, driven by the country's passion for precision engineering and innovation.

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

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.