Since the COVID pandemic took over the world people have been confined to their houses, looking for the best possible way to secure household commodities everyone has opted for online shopping. Lets look at the rise of eCommerce in the USA.
The rise of eCommerce in the USA!
The US eCommerce market was already the second largest market in the world, placing itself ahead of the Japanese market. Contributing to the worldwide growth rate of 16% in 2019, the US market jumped up to an 11% raise!
The sales in the year 2020 will reach $794.50 billion this year which is 18.0% more than predicted in a Q2 forecast by emarketer.com. The US eCommerce sales amounted to a whopping $212 billion in the months of April, May, and June which is analogous to 16.1% of the total retail sales.
Although the eCommerce expands to a very extensive variety of products, most of the sales were made in the departments of clothing and footwear.
The highest amount of sales were made by the huge online store Amazon whose share is said to grow by 39.0% in the year 2020.
Moreover, the eBay app is used by 34.9 US cellphone users which made it another big candidate for online sales in 2020.
Lastly, Apple’s online sales rate is 10% to 15%, which made it the second company in line that showed an increase in online sales after Amazon!
This is it for the rise of eCommerce in the USA. Keep visiting our website for daily updates on news, entertainment, and politics.