Hobby & Leisure eCommerce Revenue Development in Greater China

How Is China's Hobby & Leisure eCommerce Revenue Growing from 2017 to 2027?

The Chinese Hobby & Leisure eCommerce market has demonstrated a consistent pattern of growth over the years, showcasing a remarkable trajectory from 2017 to 2027. In 2017, the revenue stood at an impressive US$84.4 billion, setting a strong foundation for subsequent years. The market witnessed steady growth, with revenues increasing to US$104.8 billion in 2018 and further to US$113.5 billion in 2019. The year 2020 marked a significant milestone as revenue surged to US$122.9 billion, indicating a substantial shift in consumer preferences and market dynamics. This growth momentum continued to gain strength in the following years, with revenue nearly doubling to US$133.8 billion in 2021 and reaching US$146.8 billion in 2022. Despite a slight dip to US$152.6 billion in 2023, forecasts project a robust recovery and sustained growth in the coming years. The expected revenues are US$157.4 billion in 2024, US$161.0 billion in 2025, US$162.0 billion in 2026, and a further increase to US$162.5 billion in 2027. The data underscores the resilience and potential of the Chinese Hobby & Leisure eCommerce market, positioning it as a important segment in the global digital economy.

Main Facts: Consistent Growth in Chinese Hobby & Leisure eCommerce Revenue, 2017-2027

• Consistent Revenue Growth: The Chinese Hobby & Leisure eCommerce market has shown steady growth over the years, with revenue increasing from US$84.4 billion in 2017 to US$152.6 billion in 2023.
• Forecasted Growth: Projections indicate that this growth trend will continue, with revenue expected to reach US$162.5 billion by 2027, showcasing a positive outlook for the market.
• Market Stability: The Chinese Hobby & Leisure eCommerce sector demonstrates resilience and stability, with incremental revenue growth year on year, reflecting a strong consumer demand for online leisure products.