eCommerce: Market Revenue Growth
Sports Equipment eCommerce Revenue Growth in Greater China
How has the Chinese Sports Equipment eCommerce market revenue been evolving from 2018 to 2026? Explore the growth trends in our upcoming insights article.
Article by Patrick Nowak | June 19, 2024Download
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Sports Equipment eCommerce Revenue Growth in Greater China
How Did Chinese Sports Equipment eCommerce Revenue Fluctuate from 2018 to 2026?
The eCommerce revenue growth in the Chinese Sports Equipment market has shown a fluctuating yet overall positive trend from 2018 to the projected year of 2026. The market started with a robust growth rate of 30.8% in 2018, followed by a slightly lower but still impressive rate of 16.1% in 2019. The year 2020 saw a significant surge in growth, reaching 39.2%, indicating a strong demand for sports equipment through online platforms. However, this growth rate dipped in 2021 to 20.2% and further decreased to 2.0% in 2022, reflecting a temporary slowdown in the market. Despite this, the market is expected to recover with growth rates of 6.5% in 2023, 14.1% in 2024, 14.3% in 2025, and a steady 9.6% in 2026. These figures highlight the resilience and potential of the eCommerce sector within the Chinese Sports Equipment market, showcasing both challenges and opportunities for businesses operating in this industry.
Main Facts: eCommerce Revenue Growth in China's Sports Equipment Market, 2018-2026
- Consistent Growth Until 2022: The Chinese Sports Equipment eCommerce market showed steady growth from 2018 to 2022, with the highest increase of 39.2% in 2020.
- Temporary Slowdown in 2023: In 2023, the market experienced a slight decrease in revenue growth at 6.5%, indicating a temporary slowdown in the industry.
- Forecasted Recovery Post-2023: Despite the slowdown, the Chinese Sports Equipment eCommerce market is projected to recover with growth rates of 14.1% in 2024, 14.3% in 2025, and 9.6% in 2026.
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