Tag Archives: e-commerce trends

E-Commerce Statistics and Trends 2020 [Infographic]

E-Commerce Statistics and Trends 2020 -Infographic header.

E-Commerce Statistics and Trends 2020 -Infographic header.

E-Commerce Statistics and Trends 2020.  The covid-19 pandemic has massively accelerated the shift to online commerce. Although an increasing number of consumers, and even businesses, were already on the road to digitization, the stay-at-home orders and social distancing regulations forced most people to fast-track those plans.

Indeed, according to a recent report by WebBuilderExpert, the number of unique digital shoppers rose about 40% year-on-year in 2020, with e-commerce sales as a percentage of retail sales in the US jumping to 16%.

Brands that witnessed the most significant growth include eBay, whose revenues rose 25% between July 2019 and July 2020. Amazon, Target, and Walmart also reported substantial increases in revenues.

2020 Trends and Predictions

The WebBuilderExpert report also highlights certain e-commerce trends and patterns that may be of interest to digital-first brands.

For instance, most e-consumers are shopping for digital entertainment devices and services (24%), apparel (15%), and home improvement products (11%). Only about 4% thought about holiday travels.

It also emerges that most people will do most of their shopping online for the foreseeable future. For instance, in the health and beauty category, there are signs 24% more people will buy whatever they need online than in-store during this past holiday season.

Spare a moment to look at the e-Commerce statistics and trends 2020 in the infographic.

[Infographic] 60 E-Commerce Trends


60-E-Commerce-Trends-315E-commerce is always evolving, so entrepreneurs need to keep up with industry trends. Here is a couple to look for as 2018 is nearing its end:

Mobile presence

As many as 56% of consumers research on products and services on their mobile devices. Based on this trend, it’s projected that purchases done on smartphones and tablets will jump to 69% by 2020. If you still don’t have a mobile app or a mobile-friendly site, now’s the time to set it up to keep pace with consumers as they increasingly rely on their mobile devices for their shopping needs.

Same-day delivery

People expect instant results, so it’s not surprising consumers expect same-day delivery as well. 72% of shoppers will spend more if a business offers same-day delivery. But this is a big challenge to tackle. You’ll need a reliable courier to partner with if you don’t handle shipping yourself. No matter what, you will have extra costs. As a compromise, offer same-day delivery subject to certain conditions, like within a specific area, after a minimum purchase has been met. Additionally, you could offer this only on selected items only.

When consumers want something, they want it now. If you can find ways to meet that demand, you’ll be a step ahead of the game.

As well, another coming trend is the use of cryptocurrency in e-commerce.  Crypto like Bitcoin and other NFTs are starting to be accepted as a form of payment and this will only grow. Crypto mining is also an area of growth.

Thanks to Subscriptionly.net for this useful infographic.