Market Insights Consumer Toys & Hobby Sports Equipment

Fishing Equipment - United States

United States

In the United States, the revenue generated in the Fishing Equipment market is estimated to reach €1bn by 2024.
It is projected that the market will experience an annual growth rate of 4.25% (CAGR 2024-2028).
When compared to other countries, in China leads the global market with a revenue of €5,667m in 2024.
Taking into account the total population, the per person revenue in the United States is approximately €4.35 in 2024.
The Fishing Equipment market plays a significant role in the country's economy.
The United States is currently experiencing a surge in demand for high-quality fishing equipment, driven by a growing interest in recreational fishing among its population.

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.