Key Highlights
- As of 2023, the global e-commerce cart abandonment rate stands at approximately 69.8%
- Retailers lose an estimated $4.6 trillion annually due to cart abandonment
- 56% of online shoppers abandon their shopping carts due to extra costs such as shipping and taxes
- Mobile shopping cart abandonment rate is around 85.65%
- Offering guest checkout can reduce cart abandonment by up to 20%
- 45% of cart abandonment occurs because customers were simply browsing without intending to buy
- The average cart abandonment rate for the fashion industry is around 68%
- 80% of consumers say that free shipping influences their online purchase decision
- Approximately 25% of shoppers abandon carts after adding items due to a complicated checkout process
- 24% of consumers abandon carts because they are asked to create an account
- 70-75% of online shoppers will abandon their apps or websites if the checkout process is too lengthy
- The top reason for cart abandonment is high shipping costs, cited by 48% of consumers
- Retailers that provide multiple payment options see a 30% reduction in cart abandonment
Did you know that nearly 70% of online shopping carts are abandoned worldwide, costing retailers billions each year and revealing critical insights into how consumer behavior, hidden costs, and checkout complexity are fueling this digital retail challenge?
Cart Abandonment Causes and Statistics
- As of 2023, the global e-commerce cart abandonment rate stands at approximately 69.8%
- Retailers lose an estimated $4.6 trillion annually due to cart abandonment
- 56% of online shoppers abandon their shopping carts due to extra costs such as shipping and taxes
- Mobile shopping cart abandonment rate is around 85.65%
- Offering guest checkout can reduce cart abandonment by up to 20%
- 45% of cart abandonment occurs because customers were simply browsing without intending to buy
- The average cart abandonment rate for the fashion industry is around 68%
- Approximately 25% of shoppers abandon carts after adding items due to a complicated checkout process
- 24% of consumers abandon carts because they are asked to create an account
- 70-75% of online shoppers will abandon their apps or websites if the checkout process is too lengthy
- The top reason for cart abandonment is high shipping costs, cited by 48% of consumers
- 60% of shoppers abandon their carts due to unexpected costs at checkout
- 43% of cart abandoners cite shipping cost as a reason for leaving
- Customers aged 25-34 have the highest cart abandonment rate at about 69.8%
- Nearly 20% of online shoppers abandon their carts due to lack of trust in the website security
- 30% of consumers will abandon their cart if delivery times are too long
- 35% of carts are abandoned because the checkout process is too complicated
- The average cart abandonment rate in the USA is approximately 70%
- 55% of online shoppers are willing to abandon their shopping cart if free shipping is not available
- Sending cart abandonment emails can recover approximately 15% of lost sales
- The average cart abandonment rate drops 23% during major sales events like Black Friday and Cyber Monday
- 40% of shoppers abandon carts because of confusing navigation or website layout issues
- 65% of consumers prefer to see clear shipping costs upfront, reducing cart abandonment
- 90% of consumers will abandon a cart if they encounter a poor user interface
- The highest cart abandonment rates are observed on Mondays, with rates as high as 75%
- Approximately 41% of cart abandonments happen because customers are simply comparison shopping
- Cart abandonment rates are higher among first-time visitors compared to returning customers, with a gap of approximately 20%
- 30% of consumers will not complete a purchase if they are required to enter excessive personal information
- 69% of online shoppers have abandoned a cart due to unexpected payment fees
Cart Abandonment Causes and Statistics Interpretation
Consumer Behavior and Shopping Preferences
- 80% of consumers say that free shipping influences their online purchase decision
- 75% of consumers say they are more likely to buy from a retailer if they offer one-click checkout
- 86% of buyers are willing to pay more for a better customer experience
- 65% of consumers prefer to shop on websites with a clear and simple checkout process
- 45% of online retail sales are influenced by product reviews, often considered during cart consideration
- 80% of consumers cite family or friends as a key influence in their purchase decisions, which impacts cart conversion rates
- View-through conversions contribute to 26% of sales in digital advertising, affecting cart activity tracking
- 78% of consumers prefer brands that offer personalized experiences, which can lead to higher cart conversion rates
- 69% of online shoppers do their research on mobile devices before purchasing, highlighting the importance of mobile-friendly checkout
- 60% of consumers expect a seamless omnichannel shopping experience, impacting cart recovery strategies
- The average order value (AOV) for online shopping carts is around $120
- Gift options and easy return policies influence cart conversion, with 70% of shoppers considering these factors before completing their purchase
- 55% of consumers prefer online retailers that offer live chat support during checkout, enhancing trust and reducing abandonment
- About 66% of consumers read product reviews before making a purchase decision, which can influence cart completion
- 50% of shoppers prefer checkout options with saved payment information for faster transaction completion
- 78% of online shoppers are more likely to buy when they see personalized product recommendations during checkout
Consumer Behavior and Shopping Preferences Interpretation
Customer Behavior and Shopping Preferences
- The average time a customer spends on an online checkout page is about 3 minutes 17 seconds
Customer Behavior and Shopping Preferences Interpretation
Payment and Shipping Options Impact
- Retailers that provide multiple payment options see a 30% reduction in cart abandonment
- The most common payment methods used during checkout are credit/debit cards, accounting for about 60% of all transactions
- Providing multiple payment options, including digital wallets, can increase conversion rates by up to 20%
Payment and Shipping Options Impact Interpretation
Retailer Strategies and Revenue Impact
- Retailers see a 12-15% increase in conversions by reducing checkout steps from 5 to 3
- Shopping cart recovery emails have an average open rate of 45%
- Sending personalized cart abandonment emails can lead to a 30% increase in recovery rate
Retailer Strategies and Revenue Impact Interpretation
Sources & References
- Reference 1BAYMARDResearch Publication(2024)Visit source
- Reference 2OPAQUEResearch Publication(2024)Visit source
- Reference 3SALECYCLEResearch Publication(2024)Visit source
- Reference 4SHYPLITEResearch Publication(2024)Visit source
- Reference 5BIGCOMMERCEResearch Publication(2024)Visit source
- Reference 6CHECKOUTResearch Publication(2024)Visit source
- Reference 7COPYPRESSResearch Publication(2024)Visit source
- Reference 8SALESFORCESPOTLIGHTResearch Publication(2024)Visit source
- Reference 9STATISTAResearch Publication(2024)Visit source
- Reference 10KLAVIYOResearch Publication(2024)Visit source
- Reference 11INVESPResearch Publication(2024)Visit source
- Reference 12GOOGLEResearch Publication(2024)Visit source
- Reference 13THINKWITHGOOGLEResearch Publication(2024)Visit source
- Reference 14SALESFORCEResearch Publication(2024)Visit source
- Reference 15FORBESResearch Publication(2024)Visit source
- Reference 16KLEVUResearch Publication(2024)Visit source