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 shown a remarkable growth trajectory from 2017 to 2027. In 2017, the revenue stood at US$143.9 billion, marking the beginning of a steady upward trend. The following years saw consistent growth, with revenue reaching US$185.3 billion in 2018 and US$213.6 billion in 2019. The most significant surge occurred in 2020 when revenue skyrocketed to US$277.2 billion, indicating a substantial shift in consumer preferences and market dynamics. This growth momentum continued in the subsequent years, with revenue nearly doubling to US$337.2 billion in 2021 and further increasing to US$350.4 billion in 2022. Although there was a slight dip to US$369.0 billion in 2023, forecasts predict a strong recovery and continued growth. Projections indicate revenues of US$416.8 billion in 2024, US$471.4 billion in 2025, and further increases to US$517.1 billion and US$562.1 billion in 2026 and 2027, respectively. The data showcases the robust expansion of the Chinese Hobby & Leisure eCommerce market, highlighting its significance in the global digital economy landscape.

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

• Steady Revenue Growth: The Chinese Hobby & Leisure eCommerce market has shown consistent growth over the years, with revenue increasing from US$143.9 billion in 2017 to US$369.0 billion in 2023.
• Projected Expansion: Forecasts indicate a positive outlook for the market, with revenue expected to reach US$562.1 billion by 2027, showcasing a promising future for the industry.
• Market Dominance: The Chinese Hobby & Leisure eCommerce sector continues to dominate the digital market space, reflecting a strong consumer demand and evolving digital landscape in the region.