Below, we look at Ecommerce Statistics and show how they’ve altered as a result of the pandemic’s eCommerce trends.
Consumers resort to their mobile devices for fashion, groceries, and home furnishing purchases, so it’s no wonder that e-commerce flourished in the year 2020.
With the comfort of e-commerce and the shift in consumer behavior, there is a greater preference for web shopping throughout the epidemic.
Stats on Ecommerce Sales
Throughout the next several years, tech-savvy consumers seeking rapid, frictionless purchase choices will continue to rely on eCommerce, & more consumers will join the bandwagon.
Retail eCommerce sales in the United States are expected to climb 16.1% in 2022, reaching $1.06 trillion.
Forecasts for business-to-business (B2B) online shopping in 2022 indicate continuous growth. During the pandemic, it appeared that every area of the company was either relocated or driven into a digital framework, particularly B2B communications.
Businesses may improve supplier & consumer management, reduce marketing costs & increase sales engagement by following emerging B2B eCommerce trends.
We estimate that B2B eCommerce website sales will reach $1.77 trillion in 2022, up 12% from the preceding year, as e-commerce trends play an increasingly important role in daily B2B operations.
Ecommerce Statistics on Amazon
Amazon’s clout in the online world is unrivaled. The e-tailer accounts for roughly 40% of all eCommerce sales in the United States. Its online sales in the United States will increase by 15.3 percent this year, to nearly $3.6 billion.
Image credit: wikimedia
Food and beverage are expected to be Amazon’s fastest-growing sector this year, with internet sales up over 25% year over year (YoY). Amazon’s virtual grocery presence will continue to move the firm upward in the eCommerce market as it dominates the online grocery space.
Stats About The Ecommerce Industry
Many customers resurfaced from their epidemic cocoons with desires and demands for new clothing last year, propelling apparel and accessory e-commerce sales growth.
However, as this segment approaches e-commerce dominance, its percentage of overall eCommerce sales is expected to stagnate in 2022 and 2023.
Consumers will continue to buy products for amusement, even if clothes are the fastest-growing sector. Books, music, & video (where internet sales will account for 69.1 percent of the overall retail revenue) & computer & consumer electronics are two of the most popular categories (53.2 percent of overall retail revenue).
eCommerce Forecast 2023
Ecommerce milestones will be reached sooner than predicted in the coming year. In 2022, we predict US e-commerce sales to surpass a trillion dollars for the first time. We did not expect e-commerce to achieve this milestone until 2024, prior to the pandemic.
Ecommerce sales are expected to exceed five trillion dollars in the year 2022 and six trillion dollars in the year 2024 globally, according to our estimates.
Image credit: pexels
Lastly, after ten years of phenomenal growth in internet shopping, China’s sales are projected to return to more typical levels in the future.
Due to a sluggish economy (particularly slower retail development) and a renewed concentration on brick-and-mortar, China’s eCommerce growth will decrease to 13.0 percent in 2022.
Quick Links:
- Top Video Marketing Stats You Should Know
- Social Network Usage Stats: How Many People Would Be Using Social Media?
- TikTok Statistics You Need To Know: How Do I Check My TikTok Stats?
Conclusion: Ecommerce Statistics 2023
Hope this article has helped you in your understanding of the industry benchmarks and eCommerce growth. If you are looking to open your own eCommerce store then this is the best time to ride the wave as the internet adoption will only grow upwards from here and as more and more people globally are preferring to buy online.
Let us know your thoughts regarding this article in the comment section below.
Sources:
There are no source links mentioned on the website except for their own.
https://www.insiderintelligence.com/insights/ecommerce-industry-statistics/
