Are you up to speed on the latest global ecommerce statistics?
If you’re interested in starting an online store or want to boost your ecommerce sales, knowing the newest ecommerce statistics will help you make data-driven decisions that will bring you results.
In this article, I’ll share 27 ecommerce statistics you need to know to run a successful online store.
Ecommerce Growth Statistics
Ecommerce Online Statistics
Ecommerce Mobile Statistics
Ecommerce Amazon Statistics
Ecommerce Abandonment Statistics
Ecommerce Shopping Statistics
Ecommerce vs Retail Statistics
Ecommerce Website Statistics
Personalization Ecommerce Statistics
Ready? Let’s dive into the world of ecommerce.
Curious about the remarkable surge in ecommerce lately? The onset of the COVID-19 pandemic in 2020 triggered a significant upswing in online shopping, and this momentum is only getting stronger.
This is a notable decrease from the pandemic’s peak of 27.6% in 2020. These sales comprised approximately 19% of the entire global retail sales pie. It’s a safe bet that these figures will continue their upward trajectory year after year.
Anticipated online shoppers for 2021 were an impressive 2.14 billion individuals, a significant leap from the 1.66 billion people who engaged in online shopping back in 2016.
The dynamic realm of online eCommerce continues to surge, with global sales reaching newer heights, showcasing the unparalleled growth potential for businesses in the digital marketplace.
That’s still a ton of people, but let’s take a closer look at who is shopping online the most. According to Statista, online shopping by age group breaks down like this:
67% of Millenials prefer to shop online
56% of Generation X prefer to shop online
41% of Baby Boomers prefer to shop online
28% of seniors prefer to shop online
Age makes a difference in buying behavior as well. For example, younger shoppers make more unplanned purchases than older shoppers.
So, why do people prefer to shop online?
The number one reason people shop online is that they can shop all day hours. Other top reasons people shop online are the ability to compare prices, get online sales, and save time.
Mobile commerce has firmly established itself as the driving force behind online shopping, underlining the imperative for businesses to prioritize seamless mobile experiences for their customers.”
Part of the reason why online shopping is so popular is that it’s convenient. Consumers can pull out their smartphones, access an ecommerce website or app, and start shopping.
You might be surprised to learn that even while shopping in a physical store, shoppers are still checking their phones.
Ecommerce website owners work hard to make sure their sites are optimized for mobile since that’s where much of their traffic comes from.
We couldn’t create this list of ecommerce stats without mentioning the ecommerce giant, Amazon.
Amazon is like an ecommerce product search engine for many online shoppers.
Of course, it’s not only used to find products, but tons of people also buy from Amazon.
Related Content How to Make Money on Amazon: Your Guide for 2023
The most popular products on Amazon are electronics (44%), followed closely by clothing, shoes, and jewelry (43%) and home and kitchen products (39%).
Shopping cart abandonment is one of the biggest challenges for global ecommerce websites.
When consumers abandon their shopping carts, that’s a missed opportunity to make a sale, and those missed opportunities add up.
Why do consumers abandon online stores?
An unexpected extra cost is the number one reason shoppers abandon carts. Other common causes of shopping cart abandonment include being required to create an account and a long and complicated checkout process.
To reduce shopping cart abandonment, you can create an exit-intent popup using OptinMonster to encourage users to return to their carts and buy.
For example, check out the cart abandonment exit-intent popup below from Gleam.
Using email marketing software, you can automatically send emails to your subscribers whenever they abandon their carts and convince them to return.
The best part? Abandoned cart emails work!
Just because online shopping is popular doesn’t mean retail brick-and-mortar shopping is dying.
People love shopping at retail stores. They get to see and feel the products before buying, and they can take their product home immediately instead of waiting for it to be delivered. Retail shopping is something people can do with friends and family. It’s an experience and an event.
Among the 4,400 surveyed US adults, 1,496 individuals expressed a lack of trust in brands that exclusively exist online.
P.S. If you want to start your own online business and are looking for a complete ecommerce launch checklist, read A 14-Point ecommerce Launch Checklist for New Store Owners.
A user-friendly, professional-looking website is important if you want consumers to buy from your online store.
But just because you have an excellent website doesn’t necessarily mean shoppers will buy from you.
If you want to increase conversions on your ecommerce site, check out our guide on 15 Ecommerce User Experience Best Practices to Explode Your Sales.
And remember, don’t rely on your ecommerce website to make sales.
This means they sell and communicate with customers through their website, Facebook Page, Instagram account, email list, and more.
Shoppers want personalized online shopping experiences.
By now, most marketers know how important ecommerce personalization is. 90% of marketers believe personalization is the future.
Marketers see an average increase of 20% in sales when using personalized experiences
Ecommerce personalization examples include:
Personalizing search results
Sending personalized emails based on user behavior
Recommending products based on browsing behavior
Using geo-location targeting
Facebook is no longer used just for staying connected to family and friends. It’s an excellent place for ecommerce businesses to promote their products and encourage online shoppers to buy.
Consumers can discover small ecommerce businesses on Facebook, click the “Shop Now” button, and start shopping.
Plus, the average order value for customers referred from Facebook is $55
And Instagram users aren’t just visiting these business profiles by chance; they’re visiting them because they’re looking for products to buy.
As you can see, promoting your products on Instagram is powerful. But are people buying directly on Instagram or window shopping?
The answer is buying.
That’s it! These were the statistics for ecommerce we had in store for you for 2023.
By understanding the ecommerce industry, you can make informed decisions that can ultimately skyrocket your ecommerce sales.
If you loved this roundup of ecommerce statistics, check out our other post on online shopping statistics you need to know.
Now that we have read about ecommerce success, it’s time to take your store to the next level.
OptinMonster’s powerful drag-and-drop builder allows you to create visually stunning optin forms optimized for the highest conversion rates.
You can choose from the perfect campaign type to display the most attention-grabbing offers to your visitors for maximum engagement.
You can detect your visitors’ behavior and use smart triggers to display the right campaign to the right person at the right time.
It allows you to use precision targeting to create campaigns that generate more leads, attract more subscribers, and increase sales.
You can create campaigns that react and adapt in real time so you can easily personalize, segment, and target for incredible conversions.
You can get the stats that matter and the tools you need to take action and improve your lead-generation strategy.
The post Ecommerce Statistics 2023: Key Insights Every Business Should Know appeared first on OptinMonster.
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