Key Highlights
- 93% of consumers use coupons at least occasionally
- Digital coupons are used by over 80% of shoppers
- 75% of consumers say coupons influence their purchasing decisions
- The global coupon market is projected to reach $230 billion by 2028
- Mobile coupon usage increased by 65% from 2019 to 2022
- 60% of consumers have redeemed a coupon in the past month
- Over 50% of online shoppers subscribe to digital coupon newsletters
- 44% of consumers say they would buy more from a retailer if they offered personalized coupons
- 70% of coupons are used within the first month of issuance
- 85% of retailers offer digital coupons
- The average discount offered via coupons is 20%
- Email coupons have a 56% higher redemption rate than paper coupons
- 48% of shoppers find coupons via social media platforms
Did you know that an astonishing 93% of consumers use coupons at least occasionally, fueling a global market projected to reach $230 billion by 2028 and transforming the way we shop today?
Consumer Behavior and Preference
- 93% of consumers use coupons at least occasionally
- 75% of consumers say coupons influence their purchasing decisions
- 60% of consumers have redeemed a coupon in the past month
- Over 50% of online shoppers subscribe to digital coupon newsletters
- 44% of consumers say they would buy more from a retailer if they offered personalized coupons
- 70% of coupons are used within the first month of issuance
- The average discount offered via coupons is 20%
- 48% of shoppers find coupons via social media platforms
- 35% of consumers would abandon a shopping cart if they found a coupon code
- 78% of consumers state that coupons influence where they shop
- The most popular day for coupon redemption is Saturday, with 32% of redemptions occurring then
- 65% of consumers follow brands on social media to access exclusive coupons
- Consumers are 2.5 times more likely to redeem digital coupons when they are personalized
- 50% of consumers use coupons monthly to save money
- The average savings per coupon redemption is $10
- 66% of consumers search for coupons before making an online purchase
- 89% of shoppers say coupons help them try new brands
- The average number of coupons used per shopper per month is 3.4
- 62% of consumers are influenced by digital coupons when choosing a grocery store
- 73% of coupon users prefer to receive coupons via email
- 54% of consumers say they only redeem coupons if they are easy to use
- 40% of consumers abandon online shopping carts due to lack of available coupons
- 72% of consumers trust online reviews more when coupons are involved
- 30% of consumers check for coupons before making a purchase in physical stores
- 85% of repeat customers have used coupons
- Small businesses redeem 3 times more coupons per month than large retail chains
- 38% of consumers say they skip a purchase if they cannot find a coupon
- 52% of consumers are more likely to share a deal if it involves a coupon
- 22% of consumers actively seek out coupons during Black Friday and holiday sales
- 90% of coupons are redeemed within 30 days of issuance
- 72% of online shoppers use coupons when shopping on Amazon
- 85% of consumers feel that coupons enhance their shopping experience
- 78% of consumers expect to receive personalized coupons based on their shopping history
- 46% of consumers prefer digital coupons over paper coupons
- 65% of non-redeemers cite lack of awareness as the main reason for not using coupons
- 72% of consumers agree that receiving timely coupons increases their likelihood to purchase
Consumer Behavior and Preference Interpretation
Digital and Mobile Coupon Usage
- Digital coupons are used by over 80% of shoppers
- Mobile coupon usage increased by 65% from 2019 to 2022
- 85% of retailers offer digital coupons
- Email coupons have a 56% higher redemption rate than paper coupons
- 9 out of 10 consumers have used digital coupons in the last year
- 68% of millennials prefer using coupons via mobile apps
- Mobile coupons contribute to 45% of all digital coupon redemptions
- 47% of retailers have increased digital coupon distribution during holiday seasons
- The majority of digital coupons are redeemed through smartphones, accounting for 65% of redemptions
- 64% of shoppers have redeemed coupons via mobile wallet apps
- The average digital coupon campaign experiences a redemption rate of about 15%
- 74% of retailers report increased customer engagement when implementing digital coupons
- 40% of shoppers use coupons on their mobile devices, while 60% prefer desktop
- The average redemption rate for digital coupons in the retail industry is 27%
Digital and Mobile Coupon Usage Interpretation
Impact on Sales and Customer Loyalty
- Retailers using coupons see an average increase in sales of 20%
- The average lifetime value of a customer acquired via coupon is 16% higher than non-coupon customers
Impact on Sales and Customer Loyalty Interpretation
Market Trends and Growth Projections
- The global coupon market is projected to reach $230 billion by 2028
- Digital coupon usage is predicted to grow at a CAGR of 12% over the next five years
- 80% of retailers plan to increase their digital coupon offerings in the next year
- 55% of B2B companies distribute coupons or discount codes
- 70% of brands plan to develop more targeted digital coupons in the next year
- The value of coupons redeemed via social media increased by 23% from 2019 to 2022
Market Trends and Growth Projections Interpretation
Retailer Strategies and Campaigns
- 58% of businesses offer exclusive coupons to loyal customers
Retailer Strategies and Campaigns Interpretation
Sources & References
- Reference 1NATIONALCOUPONASSOCIATIONResearch Publication(2024)Visit source
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- Reference 7FORRESTERResearch Publication(2024)Visit source
- Reference 8COUPONINDUSTRYResearch Publication(2024)Visit source
- Reference 9EMAILMONDAYResearch Publication(2024)Visit source
- Reference 10SOCIALMEDIAEXAMINERResearch Publication(2024)Visit source
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