Market Insights Consumer Toys & Hobby Sports Equipment

Racket Sports Equipment - Russia

Russia

in Russia, a country known for its rich history and diverse culture, is also a significant player in the Racket Sports Equipment market.
In 2024, the revenue in this market segment in Russia amounts to US$58.9m.
With an expected annual growth rate of 5.66% (CAGR 2024-2028), the market shows promising prospects for the future.
When compared to other countries on a global scale, in China leads the way in terms of revenue generation, with a staggering US$4,374.0m in 2024.
However, it's important to note that the population size plays a significant role in determining the per person revenues.
In Russia, for instance, the per person revenue in 2024 stands at US$0.41.
As the Racket Sports Equipment market continues to evolve and expand, Russia's contribution to this sector is noteworthy.
The country's historical significance and its passion for sports make it an interesting market to watch in the coming years.
Russia's growing interest in racket sports has led to a surge in demand for high-quality equipment.

Key regions: United Kingdom, India, United States, Italy, 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.