Leisure

WHAT'S NEXT?: Online retailing will be one of the fastest growing channels between 2015 and 2019 as individuals do not have much time for leisure and seek convenience. Entertainment will continue to shift away from traditional broadcast media and print to reality augmented and deeply personalised content. The occupations with the largest new employment growth will be managers, professional and technical jobs, and caring and leisure occupations. Many middle-class professionals will be outsourced to machines within the next few decades leaving workers with more leisure time than they have ever experienced.

• Japan's sports industry is expected to grow from US$ 50 billion in 2015 to about US$ 136 billion by 2025, thanks in part to major events such as the Olympics 2020 and the World Masters Games in 2021.
• Though consumers have historically done more holiday shopping in stores than online, this year, it's changing: For the first time, shoppers will spend more time online (54 percent) than in stores (46 percent).
• The global sports medicine market is projected to reach a value of US$ 8.8 Billion by 2024, registering a CAGR of 6% during 2019-2024.
• Global sportswear market growth will not only be driven by a rise in the number of people participating in sport, but also by the increase in the athleisure market.
• The global market for sports and fitness clothing is growing and is projected to reach $231.7 billion by 2024.
• The first 5G-enabled PCs are expected to enter the market in early 2021 and will sport a 5G chip based in part on MediaTek's Helio M70 5G modem, which was introduced earlier this year.
• Retailers should be pleased with projections for this year's holiday shopping season, especially online-Deloitte' s annual analysis predicts a 14% to 18% percent jump over last year, with total ecommerce sales rising to $144 billion.
• The compound annual growth of media rights and sponsorships will greatly outpace the growth of merchandising and gate revenues.
• The market earlier rose about 1% after OPEC pointed to a smaller surplus in the oil market next year although it still expects demand for its crude to drop as rivals pump more.
• Forecasts by the Chinese Academy of Social Sciences predict a significant retirement savings gap developing in China over the next 30 years.
• Considering that China will make up almost two-thirds of global growth in luxury spending by 2025 - is seeing luxury shopping repatriated to domestic points of sale, brands' physical retail strategies will increasingly focus on influencer cities.
• Whether in retail, manufacturing, entertainment, or elsewhere, the stacked convergence will receive significant investment in the next decade.
• Euromonitor expects the experience economy, which includes leisure, recreation, travel and food services, to grow from $5.8 tn in 2016 to $8 tn in 2030.
• E-sports is serious business, with revenues globally - including advertising, sponsorships and media rights - expected to reach $1.1 billion in 2019.
• US TV sports will represent about two-thirds of all TV watching among 18-24-year - old men, and more than three-quarters of all TV watching for men age 25-34 who watch TV sports.
• The UK's virtual reality industry is predicted to reach £801m 16 in value by 2021, growing faster than any other media and entertainment industry by 2021.
• U.S. holiday sales in 2019 are expected to be higher than a year earlier, the National Retail Federation said on Thursday, even as the retail sector grapples with fears of slowing global growth due to an ongoing U.S.-China trade war.
• e-sports revenue will reach more than $30bn (£24bn) in 2023 in the US alone and that it will grow 18.3% a year from 2023.
• Technology spending during the 2019 holiday season (October-December) is projected to reach $97.1 billion in revenue in the U.S. - on par with last year's actual spending.
• E-sports revenues are expected to surpass $1 billion this year, bolstered by the more than 380 million people who watch e-sports around the world.
• While sports is predicted to be make up the majority of revenues, SVOD will also see growth, rising to 31.9% of revenues by 2024.
• The global sports nutrition market is accounted for USD28 billion in 2016 and is expected to reach USD45 billion by 2022, growing at a ratio of around 50% between 2016 and 2022.
• Based on estimates, the total revenue of China's entertainment market is expected to grow from RMB205.8 billion in 2016 to RMB752.7 billion by 2021.

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Last updated: 22 January 2020