Hobby & Leisure eCommerce Revenue Development in South Korea

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

The South Korean Hobby & Leisure eCommerce market has shown a significant growth trajectory from 2017 to 2027. In 2017, the revenue stood at US$11.2 billion, marking the starting point of this upward trend. The following years saw consistent growth, with 2018 reaching US$13.9 billion and 2019 climbing to US$15.1 billion. The most notable surge occurred in 2020 when revenue spiked to US$20.9 billion, indicating a substantial shift in consumer preferences towards online shopping in this category. The momentum continued to rise in the subsequent years, with 2021 witnessing a remarkable increase to US$24.8 billion. Despite a slight decrease in 2022 to US$22.7 billion, the market quickly rebounded, reaching US$25.4 billion in 2023. Looking ahead, forecasts predict a steady growth pattern, with revenues expected to reach US$27.9 billion in 2024, US$30.7 billion in 2025, US$33.1 billion in 2026, and US$35.3 billion in 2027. This data underscores the resilience and potential of the South Korean Hobby & Leisure eCommerce market, positioning it as a key player in the global digital economy.

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

• Consistent Growth Trajectory: The South Korean Hobby & Leisure eCommerce market has shown steady growth over the years, with revenue increasing from US$11.2 billion in 2017 to US$35.3 billion in 2027.
• Market Fluctuations: Despite a slight decrease in revenue from 2021 to 2022, the market is forecasted to rebound and continue its upward trend, reaching US$27.9 billion in 2024 and US$35.3 billion in 2027.
• Strong Market Potential: The South Korean Hobby & Leisure eCommerce sector demonstrates significant potential for growth, reflecting the evolving digital consumer landscape in the country.