The pandemic has brought the physical goods subscription economy into common awareness
Physical goods subscriptions market to surpass $260B by 2025. Source: shutterstock.com
According to Juniper Research, the market for consumer subscriptions for physical goods will rise from a forecasted $64 billion in 2020 to over $263 billion in 2025.
These offerings will overtake the market for consumer digital service subscriptions in 2022, the report states. That’s despite the fact a significant lead the digital sector has had in this area, as many different consumer businesses aim to boost recurring revenue.
The study forecasts a global average of 2 physical goods box subscriptions per subscriber by the end of 2025. Consumers in North America and West Europe will generally use more than this. That’s because logistical networks are more solidly in place and subscription models, in general, are more established.
We’ve reported that global reward values for consumer credit cards will grow to $67.9 billion in 2023, up from $60.4 billion this year.
SEE ALSO:
Pay Space
Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.
