Hobby & Leisure eCommerce Revenue Development in the United Kingdom

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

The UK Hobby & Leisure eCommerce market has shown a significant growth trajectory from 2017 to 2027. Starting at US$13.3 billion in 2017, the revenue steadily increased each year, reaching US$15.6 billion in 2018 and US$16.3 billion in 2019. The most notable surge occurred in 2020 when revenue jumped to US$23.8 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$29.1 billion in 2021. Despite a slight decrease to US$24.0 billion in 2022, the market rebounded to US$25.0 billion in 2023. Forecasts predict a steady recovery and continued growth, with revenues projected to reach US$26.5 billion in 2024, US$27.9 billion in 2025, and further increases to US$29.3 billion and US$30.5 billion in 2026 and 2027, respectively. The data showcases the resilience and potential of the UK Hobby & Leisure eCommerce market, highlighting opportunities for businesses and investors in this sector.

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

• Steady Growth Trend: The UK Hobby & Leisure eCommerce market experienced consistent growth from US$13.3 billion in 2017 to US$29.1 billion in 2021, with a slight decrease to US$24.0 billion in 2022 before rebounding to US$25.0 billion in 2023.
• Forecasted Expansion: Projections indicate a positive outlook for the market, with eCommerce revenue expected to reach US$30.5 billion by 2027, showcasing a continuous upward trajectory in the coming years.
• Resilient Market Performance: Despite fluctuations, the UK Hobby & Leisure eCommerce sector demonstrates resilience and adaptability, reflecting the evolving digital landscape and consumer preferences.