Studies show that the number of online sports, fitness, and vacation sales and revenue is steadily increasing around the world. However, if we solely look at the Asia Pacific region (mainly India, China, and Southeast Asia), we can see e-Commerce store launch & expansion along with which the growth of eCommerce is also exploding.
Internet penetration is close to 90% in North America and Western Europe, while it is less than 50% in most Asian countries. As the region's internet penetration grows, a massive untapped market of online ticket bookers, online sports and fitness equipment buyers will emerge, making it a jackpot for online purchasing marketplaces, which is why availing the best online marketplace management services is necessary.
In 2026, the global digital fitness industry is anticipated to be worth $26.5 billion.
In 2028, the worldwide fitness equipment market is expected to reach $14.7 billion.
Despite the COVID-19 problem, the worldwide market for sporting goods, which was forecast to be worth US$60.2 billion in 2020, is expected to rise at a CAGR of 2.6% to reach US$70.6 billion by 2026.
The market in the United States is expected to reach $21.7 billion in 2022, while China is expected to reach $13.9 billion by 2026.
By 2026, the market for air sports equipment is expected to reach US$6.7 billion.
In 2021, Latin America's eCommerce sales will total $85 billion, up 25% from $68 billion in 2020.
By 2025, the Indian eCommerce market is estimated to have grown from $46.2 billion in 2020 to $111.4 billion.
In 2021, eCommerce sales in Russia, the United Kingdom, and the Philippines increased by more than 20%.
