Market Insights Consumer Toys & Hobby Sports Equipment

Team Sports Equipment - Germany

Germany

in Germany, a country with a rich history and strong economic foundation, is no stranger to the Team Sports Equipment market.
In 2024, the revenue in this market segment in Germany amounted to a substantial US$92m.
Looking ahead, the market is projected to experience a steady annual growth rate of 2.52% from 2024 to 2028, as indicated by its compound annual growth rate (CAGR).
When compared globally, it is worth noting that in China leads the pack in terms of revenue generation, with an impressive US$2,001m in 2024.
However, it is important to consider the population size of each country when evaluating the significance of these figures.
In Germany, for instance, the per person revenue generated in 2024 amounted to US$1.10.
This statistic provides valuable insight into the market's performance relative to the country's population.
Germany's passion for football is evident in the high demand for team sports equipment, making it a lucrative market for manufacturers and retailers.

Key regions: China, India, Indonesia, United Kingdom, Asia

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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.