Hobby & Leisure eCommerce Revenue Development in the United Kingdom

How Is the UK Hobby & Leisure eCommerce Revenue Developing from 2017 to 2027?

The U.K.'s eCommerce market in the Hobby & Leisure category has shown significant growth over the period from 2017 to 2027. In 2017, the revenue stood at US$15.1 billion, marking the starting point of this upward trajectory. The following years saw a consistent increase, with 2018 reaching US$17.9 billion and 2019 climbing to US$18.8 billion. The most notable surge occurred in 2020 when revenue more than doubled to US$33.0 billion, indicating a substantial shift in consumer preferences and market dynamics. This growth trend continued in the subsequent years, with 2021 witnessing a further increase to US$41.9 billion. However, there was a slight decline in 2022 to US$31.9 billion, followed by a recovery in 2023 to US$34.2 billion. Looking ahead, forecasts predict a steady rise in revenue, with projections of US$38.1 billion in 2024, US$42.4 billion in 2025, US$46.1 billion in 2026, and US$49.7 billion in 2027. This data highlights the resilience and potential of the UK eCommerce market in the Hobby & Leisure sector, showcasing a promising outlook for the coming years.

Main Facts: eCommerce Revenue Growth in the UK Hobby & Leisure Market, 2017-2027

• Steady Growth Trend: The UK Hobby & Leisure eCommerce market experienced consistent growth from US$15.1 billion in 2017 to US$41.9 billion in 2021, showcasing a positive upward trajectory.
• Market Fluctuations: Despite a peak of US$33.0 billion in 2020, the market saw a slight decline to US$31.9 billion in 2022, followed by a recovery to US$34.2 billion in 2023, with forecasts projecting a rise to US$49.7 billion by 2027.
• Projected Expansion: The UK Hobby & Leisure eCommerce sector is expected to continue its expansion, with revenue forecasted to reach US$49.7 billion by 2027, indicating a promising future for digital commerce in this market.