Market Insights Consumer Toys & Hobby Sports Equipment

Winter Sports Equipment - Eastern Asia

Eastern Asia

In Eastern Asia, the Winter Sports Equipment market is projected to earn a revenue of US$2.3bn in 2024.
This market segment is anticipated to witness an annual growth rate of 3.52% between 2024 and 2028 (CAGR 2024-2028).
When compared globally, in the United States emerges as the highest revenue generator in the Winter Sports Equipment market, with an estimated revenue of US$3,001.0m in 2024.
Considering the total population figures, the per person revenue generated in Eastern Asia is calculated to be US$1.40 in 2024.
In Japan, the demand for high-quality ski equipment is increasing due to the country's growing popularity as a winter sports destination.

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

Market

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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.