What is the current growth rate of online sales in the United States?

What is the current growth rate of online sales in the United States?

In fact, the median online sales growth for the five years leading up to the pandemic was 14.2%, and 2019’s uptick was 14.3%. And when digital revenue in 2021 is compared with 2019, online spending soared by 50.5%….Total e-commerce sales.

Year Sales
2017 $443.22 billion

What percentage of retail sales are online 2020?

E-commerce as share of total retail sales in the U.S. 2013-2025. In 2020, e-commerce sales accounted for over 14 percent of all retail sales in the United States and were forecast to rise to nearly 22 percent by 2025.

What percentage of retail sales are online 2021?

In the fourth quarter of 2021, the share of e-commerce in total U.S. retail sales stood at 12.9 percent, down from 13.6 percent in the same quarter in the previous year.

What percentage of US sales are online?

This means ecommerce now accounts for 19.1% of total retail sales, which is flat from the same online penetration in 2020 but up significantly from 15.5% in 2019.

How much has online shopping increased 2021?

According to data from Statista, e-commerce in the U.S. will amount to $469.2 billion in 2021, an increase from $431.6 billion in 2020.

Is online shopping taking over retail?

Online Shopping Is Going Mobile The retail industry has been significantly impacted by the increasing use of mobile devices. Market data provider Statista predicts that in 2021, online purchases made from smartphones will account for more than $345 billion in retail sales.

Is online retail growing?

E-Commerce sales were $870 billion in the US in 2021, a 14.2% increase over 2020 and a 50.5% increase over 2019. E-Commerce represented 13.2% of all retail sales in 2021 in the US.

How much of the retail market is online?

Internet sales have played an increasingly significant role in retailing. In 2021, e-commerce accounted for nearly 20 percent of retail sales worldwide.

How fast is ecommerce growing?

How much has Ecommerce grown since Covid?

This chart shows us clearly the impact to global ecommerce revenues the pandemic has had, adding an additional 19% sales growth for 2020, and additional 22% sales growth to the existing 9% and 12% regular forecast sales growth rates, respectively.

Why is online selling a trend?

While there are many ways to sell to consumers over the internet, the main advantage of online selling is you can sell to consumers anywhere, anytime. It doesn’t matter if they’re sitting at home on the couch, on their lunch break at work, or even using your app in a physical store they can complete a purchase online.

Why is online shopping growing?

The ecommerce industry is booming like never before. Online purchases are increasing, especially as consumers are hungry for more convenience — which means fast and free shipping and personalized user experiences. If you are entertaining the idea of selling online, there has never been a better time to join the market.