What is the Online Sporting and Physical Recreation Goods Sales industry?
The Online Sporting and Physical Recreation Goods Sales industry is expected to be in the growth stage of its life cycle, typified by strong revenue growth and increased participation combined with the rapid introduction of new products and revenue channels. As online retail has evolved into the mainstream and consumers become more comfortable with transacting electronically, the industry has grown from strength to strength encompassing nearly the entire gamut of the retail sector. In the 10 years through 2020-21, industry value added is estimated to increase by 8.7% per annum, while GDP is forecast to grow by an annualised 2.6% over the same period. This suggests that the industry is growing much faster than the economy, as is the case with most industries within the online space... purchase to read more