06/12/2022

E-Commerce Growth Statistics You Need to Know

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According to statistics, 2.14 Billion people bought online in 2021. 

E-commerce has seen an increase in popularity over the past decade due to the advent of the internet.

People want convenience. They can search on their smartphones or computers for that information. 

Customers trust online retailers due to their high satisfaction ratings. E-commerce has helped consumers shop more conveniently.

Recent studies on ecommerce growth offer much to us. This will allow you to grow your company and increase your conversions.

1. E-Commerce shares worldwide retail sales 2015-2024

E-retail sales accounted for 18% of all retail sales worldwide in 2020. The expected increase to 21.8% by 2024 is predicted.

This stat shows that ecommerce is becoming an increasingly important part of global commerce.

2. Worldwide Retail E-Commerce Sales 2014-2024

In the US, 4.28 Trillion US Dollars in E-commerce sales were recorded by 2020. Worldwide E-commerce retail revenues are estimated to be 5.4 trillion USD by 2022.

3. Worldwide Retail E-Commerce Sales Growth 2017-2024

In 2020 the percentage of global eCommerce sales increased to 27.6%, compared to 25.5 percent in 2015.

4. Countries with the highest E-Commerce Retail Sales in 2021

China’s online market for shopping has grown to become the largest in the entire world.

The Chinese government promoted policies to encourage local ecommerce businesses and maintain healthy competition in China for foreign ecommerce companies.

They are the future leaders in e-commerce with more than half the global ecommerce sales forecast to be made by them before 2021.

The United States is second with an expected 19% share in all online sales. With 4.8 percent, the United Kingdom comes in third.

5. E-Commerce Companies Worldwide: Leading Growth Factors 2021

A global survey of e commerce decision makers was conducted in October 2020 and found that 23 percent believed that increasing profits is the key to company growth for 2020.

6. Amazon will be the dominant U.S. E-Commerce growth company by 2021

Amazon.com began as an online bookstore that sold books in the 1990s. Since then, it has expanded its product offerings.

In 1997, they were made public. In 1999, their annual sales reached $1 million.

They have over 200,000,000 items for sale today. 

Amazon is responsible for 34% US online sales. It is predicted that Amazon’s market share will reach 50% by 2021.

Amazon will receive more than one-quarter of US e commerce dollars for all categories except auto/parts.

7. Expected changes in B2B Ecommerce Revenues 2021

There are many aspects of business that have been impacted by or improved by the digital age. B2B ecommerce will continue to be an integral part of daily operations.

EMarketer predicts that B2B site sales will surpass $1.4 billion by 2021, according to EMarketer. This is 12.2% higher than in the previous year.

8. Mobile E-Commerce Growth 2021

DataReportal projects that there will be 5.22 Trillion unique mobile phone users worldwide by 2021. This is 66% of the world’s population.

The mobile consumers driving e-commerce growth around the world

eMarketer estimates online sales grew 23.2 per cent to $2.3 trillion in 2017, . 58.9%, or $1.4 Trillion.

Mobile eCommerce could generate $3.56 Trillion in 2021. It accounts for nearly three quarters (72.9%) of all ecommerce sales.

9. The Fastest Growing Mobile E-Commerce Country in 2021

Nearly 43,000,000 Brazilians have made online purchases at least once per year.

Brazil’s mobile commerce retail sales are expected to grow by approximately 35 percent in 2021. Russia is second with a projected growth rate just 32 percent.

10. CAGR Retail E-Commerce Sales in Select Markets 2021-2025

Industry estimates indicate that Turkey will have the highest percentage of ecommerce retail sales by 2025.

The country’s annual compounded growth rate for ecommerce between 2020 and 2025 will be 14.59%.

A compound annual growth (or CAGR), is an average annual growth rate of an investment over a longer period of time.

In the same time frame, the CAGR for global retail eCommerce was 6.29 percent.

BONUS ECOMMERCE STATISTICS

Which Ecommerce category will grow fastest?

Pandemic preparedness expenditures have declined which has resulted in a decrease of the money that can be spent on other items . Consequently, more clothing will be purchased

The apparel/accessories market will grow 18.9% by 2021.

-Which are the most well-established categories in E-Commerce?

2 The majority of ecommerce sales in 2021 will be driven by computers/consumer electronics (53.2%), and books/music/video (69%).

What is the Best Ecommerce Platform for 2021?

BigCommerce is the most flexible platform to meet all your business needs.

Amazon Estimated Traffic 2.5 Billions Monthly Visitors

-How Many E-Commerce Websites Are There in the Global Market?

There are 24,000,000 online ecommerce sites.

Are U.S. Are U.S. Mobile Shoppers Using Apps to Purchase Mobile E-Commerce Websites

51% American mobile shoppers shop via apps more than on m-commerce websites.

We are thrilled to share our findings with you. We hope that these statistics will be a source of inspiration for your ecommerce business.

About the author

Kobe Digital is a unified team of performance marketing, design, and video production experts. Our mastery of these disciplines is what makes us effective. Our ability to integrate them seamlessly is what makes us unique.