E-commerce 2022: The latest data and forecasts for all things online retail growth
It’s interesting to wait back at east-commerce growth over the last few years and think frontwards to the hereafter of this industry. As demonstrated by these charts from Statistica, the overall
percentage of e-commerce retail sales
in the US shot upward in Quarter 2 of 2020, bookkeeping for 16% of sales in the United states of america in Q2 2020.
The market share of e-commerce inside US retail sales now looks to be settling around thirteen-14% between Q3 2020 – Q2 2021. This constitutes a much larger share than previously to the pandemic, showing that some of the rapid changes to buyer behavior accept remained, and we wait to run across that proceed.
As, we have watched the overall percentage of e-commerce retail sales in the UK rising to
over a tertiary of all retail in the Uk in Nov 2020 and January 2021. It has since decreased slightly, but information technology will exist interesting to follow this trend in the run up to the 2022 holiday season, and into next year.
Looking to grow your e-commerce business? We’ve got practical marketing strategy and planning solutions for online retailers just similar you lot. Our step-by-step marketing tools are proven to generate growth, so you can take advantage of the huge growth potential in eastward-commerce today. Detect out more than.
Worldwide E-commerce past region 2021
The chart beneath from
eMarketer’s 2021 global e-commerce written report
breaks down regional eastward-commerce growth last yr. Leading the way, Latin America grew 36.seven%. Nosotros saw less growth in the Middle Eastward & Africa, 19.viii%, simply this is still a commendable growth rate.
E-commerce sector growth: Which sectors have the largest share of total sales?
As we tin see in the nautical chart which depicts the state of play for UK online retail sectors in September 2021, not-shop retailers establish a big section of e-commerce sales. 84.iv% e-commerce for this sector is actually a few % downward YOY, merely withal the lion’due south share of e-commerce sales this month.
These sellers accept been geared up from the outset for the socially distanced retailing model now crucial to so many businesses. On the other hand, section stores, now selling 28.i% online have seen a drop of 15.three% YOY. It’s interesting to come across that cloth, habiliment, and footwear stores are enjoying most a third of all online purchases, up v-ix% YOY in September 2021.
The changing nature of e-commerce and growth
The global recession and recovery provide opportunities for marketers to refresh their omnichannel customer experiences to win more customers. The following is taken from
eMarketer’s 2021 forecast:
“Afterwards a tumultuous 2020, retail sales will see a bump in 2021 every bit the economy reopens and consumers are ready to spend. Both brick-and-mortar and online sales will do good from pent-upward consumer demand, with in-store growing 6.3% and ecommerce growing 17.9%.”
Furthermore, the forecast predicts that retail east-commerce sales in the U.s.a. will grow to 23.6% of all sales by 2025, a change of xiii.7% YOY, amounting to a total of U.s.a. $1.648 in sales, the highest prediction yet.
This projection shows the growth in digital buyers. The declining percent change shows that growth rates for due east-commerce are declining, although they are still positive.
U.s.a. E-commerce sales 2021
The U.s. Regime has been cataloging the
trend of percentage of e-commerce
sales for many years. The overall percentage of sales is not as high as might be expected.
In the 1st quarter of 2021, Us Eastward-commerce sales fabricated up 12-13% of total sales
Note that the U.S. Demography data counts cooked food, machine sales/repair, and vehicle fuel equally part of retail, which understates the U.S. online share of retail compared to European estimates which exclude these.
Eastward-commerce growth in 2021 was, naturally, an international phenomenon. Smart Insights members effectually the globe are applying our marketing tools and templates to program, manage and optimize their marketing strategies. Go started today.
Centre for Retail Enquiry
Online Retailing: U.k., Europe, U.s.a. and Canada inquiry 2020 written report
from the Centre for Retail Research shows that the retail online retail sector is the main driver of growth in European and North American retailing.
UK IMRG data for east-commerce growth
IMRG-Cap Gemini Index
is only available for members who include the largest UK E-commerce and multichannel brands. It’s useful for seeing sector-specific trends. Their most contempo update, for case, shows these levels of growth:
• UK online retail sales in October 2019 reported year-on-year growth of +6.three%
• Month-on-month performance reported +half-dozen.four%
• Excluding travel and ticketing retailers, the market growth was a healthy +nine.2% year-on-twelvemonth
• Domicile was the summit performer with +13.six% YoY growth
• Menswear and Womenswear struggled during October with negative growth