Market Insights Consumer Toys & Hobby Toys & Games

Construction Sets & Models - Belgium

Belgium

in Belgium, a country known for its rich history and cultural heritage, is no stranger to the Construction Sets & Models market.
In 2024, the revenue in this market segment amounts to a significant US$137m.
This figure showcases the economic importance of the sector within the country.
Looking ahead, the market is expected to experience steady growth with an annual increase of 1.03%, representing the compound annual growth rate (CAGR) from 2024 to 2029.
This indicates a positive trajectory for the Construction Sets & Models market in Belgium, reflecting the country's commitment to innovation and development in this industry.
In a global comparison, it is worth noting that in the United States generates the highest revenue in the Construction Sets & Models market.
In 2024, the US market is projected to reach a remarkable US$9,370m.
This highlights the dominance of the United States in this sector and the potential for growth in other markets, including in Belgium.
To put things into perspective, per person revenues can provide valuable insights into the economic impact of the Construction Sets & Models market on individuals.
In 2024, in Belgium generates per person revenues of US$11.69.
This figure demonstrates the economic contribution of the market segment to the overall population of the country.
As in Belgium continues to foster its position within the Construction Sets & Models market, it is evident that the sector holds significant potential for growth and prosperity.
The country's commitment to innovation and its historical significance provide a solid foundation for continued success in this industry.
Belgium's construction sets and models market is thriving, with a strong focus on historical landmarks and architectural replicas.

Key regions: India, United States, Indonesia, Worldwide, Europe

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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.