Ecommerce Statistics for 2020

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By 2040, over 95% of all purchases is expected to be online.

China is the fastest-growing and largest ecommerce market in the world.

In general, men apend 68% more online than women.

Surprisingly, generation X shop more online compared to baby boomers and millennials.

Equally important, the number one reason why people shop online is because they can shop anytime 24/7.

Higher-than-expected shipping costs is a top reason customers abandon their shopping carts.

In general, 57% of online shoppers make purchases from overseas retailers.

In the last year, businesses have lost $756 bn because of poor ecommerce personalization.

Most online customers prefer to pay with credit cards.

Around 50% of customers say they'd purchase something from a website with chatbots.

All in all, over 62% of consumers watch product review videos before making a purchase.

On the whole, more than 75% of people are shopping at least once a month online.

The eCommerce industry is growing 23% year-over-year, yet 46% of American small businesses still don't have a website.