Up to date on
Reviewed by Steve Rogers
E-commerce adoption has been on a constant rise. The COVID pandemic made shopping for from house irresistible, and as soon as the behavior set in, it was right here to remain. Annual e-commerce spending within the US alone broke $1 trillion in 2022 and appears set to continue to grow[1].
We’ve collected the most recent stats on on-line buying, from e-commerce market share over time to main drivers of on-line purchases. Let’s dive proper in.
Key Findings
- E-commerce retail gross sales within the US reached $1.03 trillion in 2022, accounting for 14.5% of all retail gross sales.
- Greater than half (57.7%) of web customers aged 16 to 64 within the US store on-line every week.
- House supply (55%) and avoiding crowds (49%) are reported as the commonest causes Individuals store on-line.
E-Commerce Gross sales within the US
E-commerce retail gross sales within the US amounted to roughly $1.03 trillion in 2022, the primary 12 months when annual gross sales hit the $1 trillion mark. Annual e-commerce gross sales (in greenback worth) in 2022 grew by 1.73x in comparison with 2019[1].
Share of E-Commerce in Retail Gross sales
In accordance with estimates supplied by the Census Bureau, e-commerce accounted for 14.5% of all retail gross sales within the US in 2022, registering a slight lower from 14.7% (the very best reported share but) in 2021[2].
Pre-pandemic, the share of e-commerce in total retail gross sales within the US was on a constant rise and hit 10.5% in 2019.
Word: Knowledge adjusted for seasonal variation and transformed from quarterly to annual frequency (utilizing common as aggregation technique).
How Many Folks Store On-line?
In accordance with a GWI survey, 57.7% of web customers aged 16 to 64 within the US purchase one thing on-line every week as of This fall 2022[3].
To place it in perspective, in accordance with the identical survey, 55.5% of world web customers store on-line, with the very best e-commerce adoption charge reported in South Korea (64.7%).
Why Do Folks Store On-line?
In accordance with a survey carried out amongst web shoppers within the US, direct house supply (55%), avoiding crowds (49%), and comfort (48%) are cited as the commonest causes they store on-line[4].
The content material on finmasters.com is for instructional and informational functions solely and shouldn’t be construed as skilled monetary recommendation. Finmasters will not be a monetary establishment and doesn’t present any monetary services or products. We attempt to offer up-to-date data however make no warranties concerning the accuracy of our data.