10 Interesting eCommerce Stats

Most anything can be sold online. eCommerce seems to be the most dominating in-demand technology available to most all of us who have an ability to go online. That being said the demand for building eCommerce sites and the creativity of entrepreneurs offering a broad set of products and services via online stores is fascinating. Shuvel Digital Marketing is passionately helping our micro and small business clients design, develop and deploy amazing eCommerce online stores using the highly intuitive and fully integrated WiX platform.

As we are constantly researching eCommerce trends we came across multiple sites that had interesting information and curated that for the benefit of our clients and readers!

Pizza hut pioneered eCommerce before Amazon and sold pizzas online as early as 1994

Did you know China has by far the largest eCommerce market at $672 billion

Most first time millionaires in the recent past credit their success to eCommerce business they owned!

Online sales in 2020 accounted for 101% of all gains in retail in 2020

Most Online buyers look for free shipping. Percentages range as high as 44% for buyers that will abandon your shopping cart if being asked to pay for shipping

Only 50% of products added to shopping carts convert to actual sales

Sales on Amazon alone accounted for third of all US eCommerce sales in 2020

eCommerce is expected to grow to $4.5 Trillion by 2021

It’s predicted that 95% of all sales will be online by 2040

Millennials and Gen Xers are the biggest online shoppers at 67% and 56% respectively