Market Insights Consumer Toys & Hobby Sports Equipment

Fishing Equipment - Lesotho

Lesotho

in Lesotho, a country known for its natural beauty and stunning landscapes, also has a presence in the Fishing Equipment market.
In 2024, the revenue in this market segment amounts to US$9m.
Looking ahead, the market is expected to experience an annual growth rate of 6.63% from 2024 to 2028, as measured by the compound annual growth rate (CAGR).
When comparing in Lesotho to other countries on a global scale, it is important to note that the majority of revenue is generated in China.
In 2024, [globalrevenue_currentlayer_yeartoday_maxcountrynameprep]'s revenue in the Fishing Equipment market is projected to reach a staggering US$6,199m.
This highlights the significant market dominance of in China in this particular industry.
To gain a better understanding of the market's penetration withLesotho, it is essential to consider the per person revenues.
In 2024, the per person revenue generated in the Fishing Equipment market is estimated to be US$3.83.
This figure provides insight into the average contribution of each individual towards the overall revenue in the country.
Within the Fishing Equipment market, Lesotho's position may not be as prominent as that of in China, but it still plays a role in this industry.
As in Lesotho continues to develop and explore its potential, it will be interesting to observe how its presence in the Fishing Equipment market evolves in the coming years.
Despite being a landlocked country, Lesotho has seen a rise in the demand for fishing equipment due to its numerous rivers and dams.

Key regions: Indonesia, Worldwide, Asia, Italy, United States

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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.