Team Sports Equipment - China

  • China
  • In 2024, the revenue in the Team Sports Equipment market in China amounts to a substantial €1.9bn.
  • This market segment is projected to experience an annual growth rate of 7.13%, calculated as the compound annual growth rate (CAGR) from 2024 to 2028.
  • When compared globally, in China emerges as the leading contributor to the revenue in this market segment, generating €1.9bn in 2024.
  • Furthermore, in terms of per person revenues, in China's population plays a significant role.
  • In 2024, each person in the country contributes €1.30 to the overall revenue in the Team Sports Equipment market.
  • China's growing middle class and government initiatives to promote physical fitness are driving increased demand for team sports equipment in the country.

Key regions: Indonesia, China, United States, Europe, Italy

 
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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.

Visión general

  • Revenue
  • Key Players
  • Global Comparison
  • Methodology
  • Key Market Indicators
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