Market Insights Consumer Toys & Hobby Sports Equipment

Winter Sports Equipment - Equatorial Guinea

Equatorial Guinea

in Equatorial Guinea, a country known for its natural beauty and diverse landscapes, is also a part of the Winter Sports Equipment market.
In 2024, the revenue in this market amounts to US$2m.
This figure is projected to grow annually by 6.11% (CAGR 2024-2028), indicating positive prospects for the industry.
When compared globally, in the United States stands out as the leader in revenue generation, with a staggering US$3,001m in 2024.
Such numbers highlight the significant contribution of winter sports equipment to the US market.
To gain a better understanding of the economic impact, it is essential to consider the per person revenues.
In 2024, the per person revenue generated in the Winter Sports Equipment market is US$1.13.
This figure provides insights into the individual spending patterns withEquatorial_Guinea and demonstrates the market's importance in relation to the country's total population.
Equatorial Guinea, despite its tropical climate, has seen an increase in demand for winter sports equipment due to the growing popularity of indoor ski resorts among the affluent population.

Key regions: United States, China, Germany, Italy, India

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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.