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10 Online Shopping stats you need to know in 2020
03
Jun
Jun
- An estimated 1.8 billion people worldwide purchase goods online.
- 63 percent of shopping occasions begin online.
- Nearly half of the consumers shop more on mobile than in-store.
- Chinese platform Taobao is the biggest online marketplace, with a GMV of 515 billion U.S. dollars.
- eWallet is the preferred payment method among online shoppers worldwide. More than 36 percent of online shoppers paid using this method.
- Because of the coronavirus, 42% of the US population bought groceries online in March 2020, nearly double the 22% in 2018.
- 75 percent of consumers’ search queries each month are brand new.
- 62 percent of online buyers shop at least once per month.
- Sales of virus protection-related products increased by 807 percent over the first ten weeks of 2020.
- The primary reason for online shoppers to abandon their carts is due to extra costs for shipping. 63 percent of cart abandonments are due to this reason.
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