Ever since the inception of the concept of e-commerce, reputed brands from the US have dominated the market. Starting with Amazon, a large number of e-commerce giants have set benchmarks for the rest of the industry. With competition soaring from global counterparts, these companies have been strategic in planning their marketing mix.
An Overview Of The E-Commerce Market In The USA
An Overview Of The E-Commerce
Market In The USA
Uma Sri
Writes for Marvist Digital Marketing, expert in
writing professional SEO articles.
Ever since the inception of the concept of e-commerce, reputed brands from the
US have dominated the market. Starting with Amazon, a large number of e-
commerce giants have set benchmarks for the rest of the industry. With
competition soaring from global counterparts, these companies have been
strategic in planning their marketing mix.
In 2019, the e-commerce market in the US is likely to continue. This will be the
tenth consecutive year, where the e-commerce industry in the US will enjoy a
double-digit growth rate. Amazon, for instance, is expected to increase its market
share to 37.7% in 2019, from 36.5% in 2018. Walmart, too, will be increasing its
share in the US e-commerce market.
Customer satisfaction in the US e-commerce sector
One of the prime reasons for the success of e-commerce businesses in the US is
the high satisfaction rate of customers. Besides, mobile shopping in the country
has been increasing manifold over the years. Across various age groups, people
are enjoying shopping through their mobile devices. With the e-commerce giants
prioritizing customer satisfaction, they are able to retain their clients.
For the first time in the history of the US e-commerce industry, the market
share of this sector will surpass 10% of the total retail sales in the US. It is
expected that the customers will continue to spend online. As compared
to 10.7% in terms of retail spending in 2018, the figure will increase to
around 14% in 2019.
Channels in the US e-commerce market
In 2019, it is expected that e-commerce will be driving around 45% of the retail
growth in the US. A significant segment of the leads will be coming through mobile
users. Again, a trend reveals that certain products have remarkably high demand
across online platforms. Some of the products, which were traditionally sold in the
brick-and-mortar infrastructure, are presently being sold online. The sales of
beverages in the e-commerce segment will be growing by 23.1%. The growth of
personal care and beauty and health will be around 18.6%.
Growth of e-commerce companies in the US
With competition soaring, leading companies like Amazon are facing it challenging
to sustain the growth rate. Now, the big question is whether they will continue to
grow at this present rate? Or will the big giants give way to comparatively smaller
yet progressive e-commerce companies?
Walmart being a multichannel e-commerce giant, is likely to offer stiff competition
to Amazon. Although the smaller companies are expected to gain more
customers, the established firms are in no position to give way. Some of the
relatively new yet successful e-commerce companies include Apple Sites, eBay
and Target. Online sellers in the US presently consider eBay to be the most popular
marketplace online.
One of the remarkable trends in the e-commerce market in the US has been the
increasing integration of mobile shopping. Previously, young people used to
engage in online shopping through mobile devices. However, people from a
significantly diverse age groups shop online through mobile phones. This has
contributed further to the growth of e-commerce in the US.
About Marvist
Marvist Consulting LLC is a 14-year old premium Digital Marketing company that
has established a special niche as high-quality provider for SMBs with its
professionalism and innovative approach. As a Professional SEO Firm Marvist
offers customized strategic SEO solutions in digital marketing while exclusively
focusing on small and medium enterprise market segments in the USA and
Canada.
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