Hobby & Leisure eCommerce Revenue Development in India

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

The Indian Hobby & Leisure eCommerce market has shown a remarkable growth trajectory from 2017 to 2027. In 2017, the revenue stood at US$3.5 billion, which saw a steady increase to US$3.8 billion in 2018 and further to US$4.7 billion in 2019. The most significant surge occurred in 2020 when revenue skyrocketed to US$9.4 billion, indicating a substantial shift in consumer preferences and market dynamics. This growth trend continued in the subsequent years, with revenue nearly doubling to US$12.5 billion in 2021 and reaching US$14.6 billion in 2022. Although there was a slight dip to US$18.1 billion in 2023, forecasts predict a strong recovery and continued growth. Projections indicate revenues of US$22.4 billion in 2024, US$27.7 billion in 2025, US$33.1 billion in 2026, and a further increase to US$39.5 billion in 2027. The data showcases the robust expansion of the Indian Hobby & Leisure eCommerce market, reflecting the evolving landscape of online consumer behavior and market trends.

Main Facts: Steady Growth in Indian Hobby & Leisure eCommerce Revenue, 2017-2027

• Steady Growth Trajectory: The eCommerce revenue in the Indian Hobby & Leisure market has shown consistent growth from US$3.5 billion in 2017 to US$18.1 billion in 2023, with a forecasted increase to US$39.5 billion by 2027.
• Acceleration in Revenue: A significant jump from US$9.4 billion in 2020 to US$12.5 billion in 2021 indicates a rapid acceleration in revenue within the Indian Hobby & Leisure eCommerce sector.
• Promising Future Outlook: With a projected revenue of US$22.4 billion in 2024 and a forecasted US$33.1 billion in 2026, the Indian Hobby & Leisure eCommerce market is poised for continued growth and market expansion.