The subscription industry has grown exponentially in recent years, and it shows no signs of slowing down. With the rise of subscription services, it’s important to understand the trends and statistics that are driving this growth.
In this blog post, we’ll take a look at some of the most important subscription industry statistics, and discuss what they mean for businesses looking to capitalize on this trend. We’ll also explore the implications of these statistics for the future of the subscription industry. By the end of this post, you’ll have a better understanding of the subscription industry and how it’s impacting the economy.
Subscription Industry: The Most Important Statistics
The video streaming app industry revenue is projected to reach $115 billion by 2026, a 58% increase from 2021.
The subscription e-learning market size is expected to grow 13% in 2021-2026, reaching $388.23 billion.
Subscription Industry: Statistics Overview
The global car subscription market size is projected to reach USD 15.56 billion by 2030, growing at a CAGR of 23.1%. This statistic is important to the subscription industry because it shows the potential for growth in the car subscription market. The benefits of car subscriptions, such as short-term mobility solutions, lower vehicle expenses, and ease of swapping car models, are driving its growth. This indicates that car subscriptions are becoming increasingly popular, and that the subscription industry should continue to invest in this sector to capitalize on its potential.
Car subscription services are predicted to reach $30-$40 billion by 2030, and major carmakers such as Volkswagen and Volvo are joining startups in entering this market. This is important because it shows the increasing popularity of car subscription services, which offer drivers more flexibility and lower costs than traditional leasing or ownership models. This could have a major impact on the automotive industry and the subscription industry as a whole.
Gym membership in the US has increased 22% to over 60.9 million since 2005, with most members being under 30. This statistic is important because it shows that the subscription industry is growing rapidly, especially among younger generations. This growth is likely due to the accessibility of gyms and the convenience of their locations. Additionally, the fitness industry is playing a role in the retail space, which suggests that subscription-based services are becoming increasingly popular. Finally, studies suggest that physical activity has a direct impact on academic performance, which could be a factor in the growth of gym memberships.
The US gym and health club industry experienced a loss of $13.9 billion from mid-March to August 2020 due to the COVID-19 pandemic, but the future of the industry looks promising due to the rise of online fitness and a shift in consumer habits towards health and wellness. This statistic matters in the context of Subscription Industry Statistics because it shows how the pandemic has had a significant impact on the fitness industry, but also how the industry is adapting and finding new opportunities for growth. This can be seen in the growth of boutique fitness companies like Xponential Fitness, which have been able to remain successful even during the pandemic. This statistic is a good example of how the subscription industry is able to adapt and find new opportunities for growth even during difficult times.
51% of Americans use delivery services to purchase meals from casual dining restaurants, and 26% order take out or delivery at least once a week, indicating that convenience is becoming increasingly important to customers. This statistic is important in the context of subscription industry statistics because it shows that customers are increasingly valuing convenience when it comes to food ordering. This indicates that subscription services that offer convenience and ease of use may be more successful than those that do not.
The food delivery industry has seen significant growth in the past 5 years and is projected to reach a $320 billion market size by 2029. This matters to the subscription industry because it shows the potential for growth in the subscription industry, as food delivery apps have seen a surge in demand and are projected to continue to grow. It also shows the potential for international growth, as China is the largest market for food delivery.
The video streaming app industry revenue is projected to reach $115 billion by 2026, a 58% increase from 2021. This matters in the context of subscription industry statistics because it shows the potential for growth in the streaming industry, particularly due to the pandemic leading to a surge in subscribers and revenue.
The global video streaming market is expected to grow at a CAGR of 18.45% from 2021 to 2030. This statistic is important for the subscription industry because it shows that the video streaming market is growing rapidly, which could lead to more opportunities for subscription-based businesses. Additionally, the major players in the market are companies like IBM Corporation, Alphabet Inc., Amazon.com, Netflix, Hulu LLC, and Apple, which are all well-known and established companies that have the potential to dominate the market. This could lead to increased competition for other subscription-based businesses.
Coursera saw a three-fold increase in student registrations in 2021, with over 20 million new registrations. This statistic is important because it reflects the growing global acceptance of online teaching, which is especially beneficial for remote learners and those from vulnerable communities. This trend is likely to continue in the subscription industry, as more people are turning to online learning platforms to access educational resources.
The subscription e-learning market size is expected to grow 13% in 2021-2026, reaching $388.23 billion. This statistic matters in the context of subscription industry statistics because it shows the potential for growth in the subscription e-learning market, which could be a lucrative opportunity for businesses to capitalize on.
Conclusion
In conclusion, subscription industry statistics are a great way to gain insight into the current state of the subscription industry. By understanding the trends, companies can make informed decisions about their subscription strategies and offerings.
Additionally, understanding the industry’s growth and potential can help companies identify opportunities for growth and expansion. With the right strategies, companies can capitalize on the subscription industry’s potential and create a successful business model.
References
1 – Car Subscription Market Size is projected to reach USD (globenewswire.com)
2 – https://autovista24.autovistagroup.com/news/are-car-subscriptions-the-way-forward/
3 – Gym Membership Statistics, Facts And Trends For 2023 – Newstrail.com
4 – The Gym Membership Statistics You Need to Know – Boutique Fitness and Gym Management Software – Glofox
5 – https://www.statista.com/outlook/dmo/online-food-delivery/worldwide?currency=usd
6 – https://www.businessofapps.com/data/food-delivery-app-market/
7 – https://www.businessofapps.com/data/video-streaming-app-market/
8 – https://www.precedenceresearch.com/video-streaming-market
9 – https://www.weforum.org/agenda/2022/01/online-learning-courses-reskill-skills-gap/
10 – Making the Shift to Subscription Learning | Tips and Examples (chargebee.com)
ZipDo, cited June 2023: Subscription Industry Statistics
