The Magnetic Pull of Ecommerce – eCommerce Statistics
55+ eCommerce Statistics and Facts you want to know about when it comes to retail sales and the online marketing landscape.
It would be hard to imagine a world where most, if not all, things a 21st-century person wants or needs are not just a click away.
Need a new coffee machine? Just go to Amazon.com and pick one. Depending on the location, the new machine can be delivered to your door in a matter of days or even hours. One less thing to worry about, and you had it done while having a lunch break.
One can replace the aforementioned coffee machine with just about anything – cars, books, furniture, toys, groceries, clothes, shoes, toilet deodorizer, you name it. There are plenty of well-known online retailers to choose from, such as Amazon, AliExpress, eBay, Etsy, to name a few.
It is easy to understand the magnetic pull of ecommerce. Living a life that consists of hectic schedules where successful juggling of family life, career, and other daily activities is an obligation rather than an option, online shopping seems like a godsend. A person can be in bed and still get the pesky shopping done simply by grabbing a phone. Actually, it might even be cheaper, not to mention time-saving.
According to the available data, mcommerce accounted for 58.9% of digital sales in 2017. Knowing that total retail sales reached $22.64 trillion in 2016, with 10.2% of it going to ecommerce, is a piece of valuable information. Considering the facts listed below, it becomes easy to comprehend what a behemoth ecommerce has become in recent years.
Annual online sales in China reached $672 billion in 2015.
Annual online sales in the US reached $340 billion in 2015.
Annual online sales in Japan reached roughly $80 billion in 2015.
The US online retail sales went from $5 million in 1998 to $389 million in 2016.
The UK ecommerce turnover reached £13.7 billion in 2017.
75.5% of Japanese shoppers in 2018 opted for online shopping.
There were 74.3 million users on the German ecommerce market in 2019.
Ecommerce is so influential that 82% of US shoppers reach for their phone or other available devices to check online reviews before purchasing an item for the first time. Some 45% of shoppers checked online reviews and looked for better online prices while in the actual store, and 65% of Americans compared the in-store prices with those online and opted for the cheaper ones.
The bottom line is that ecommerce will only grow as retail sales worldwide are likely to reach $4.9 trillion by 2021.