The Latest Ecommerce Fulfillment Industry Statistics Explained
The global ecommerce fulfillment services market size was valued at USD 55.7 billion in 2020.
This statistic indicates that the global ecommerce fulfillment services market generated revenue of USD 55.7 billion in the year 2020. Ecommerce fulfillment services refer to the process of receiving, processing, and delivering online orders to customers. The market size value suggests the overall financial scale and importance of these services within the global ecommerce industry. This metric reflects the increasing trend towards online shopping and the demand for efficient logistics and supply chain management solutions to fulfill customer orders in a timely and cost-effective manner. The substantial market size underscores the significant role that ecommerce fulfillment services play in facilitating the growth and success of online businesses worldwide.
It is projected to reach USD 168.72 Billion by 2028, growing at a CAGR of 15.2%.
This statistic indicates that the market value for the specified industry or sector is expected to increase to USD 168.72 billion by the year 2028. The growth rate is projected to be at a Compound Annual Growth Rate (CAGR) of 15.2%, which suggests a consistent and steady growth in the market value over the specified period. This information is crucial for stakeholders and investors as it provides an insight into the potential expansion of the market and allows them to anticipate future trends and opportunities for investment.
The Asia Pacific ecommerce fulfillment services market represented more than one-third of the total market revenue in 2020.
The statistic implies that the Asia Pacific region accounted for a significant portion, specifically more than one-third, of the total revenue generated in the global ecommerce fulfillment services market in the year 2020. This indicates the growing importance and dominance of the Asia Pacific region in the ecommerce fulfillment industry worldwide. Companies operating in this market are increasingly focusing on expanding their presence and operations in the Asia Pacific region to capitalize on its large market share and potential for growth. Additionally, it suggests that the Asia Pacific region offers lucrative opportunities for ecommerce fulfillment service providers to cater to the needs of a large and diverse consumer base, driving the overall revenue of the industry.
The third party segment accounted for over 55% of the total market revenue in 2020.
In 2020, the third party segment within a particular market generated more than half, specifically over 55%, of the total market revenue. This statistic indicates that third party entities, such as companies or providers operating independently from the primary players in the market, played a significant role in driving revenue and shaping the competitive landscape during that year. The dominance of the third party segment suggests that consumers and businesses may be increasingly looking to external sources for products or services within this market, potentially indicating trends in outsourcing, specialization, or diversification of offerings. Understanding the impact and behaviors of this segment can provide valuable insights for market analysis and strategic decision-making for businesses operating within this industry.
There has been a marked increase of 14.7% in online shoppers worldwide in 2020.
The statistic indicates a significant rise in the number of online shoppers globally during the year 2020, with an observed increase of 14.7% compared to the previous period. This suggests a notable shift towards online shopping as consumers adapt to the challenges posed by the COVID-19 pandemic, such as lockdowns and social distancing measures. The increase may be attributed to factors such as the convenience and safety of online shopping, as well as the closure of physical stores during the pandemic. The data highlights a clear trend towards e-commerce as a preferred method of purchasing goods, reflecting the changing consumer behavior and the growing importance of online retail in the modern economy.
B2C (business-to-consumer) sales made up 81.9% of the total ecommerce sales in 2020.
The statistic ‘B2C (business-to-consumer) sales made up 81.9% of the total ecommerce sales in 2020’ indicates that the majority of electronic commerce transactions in 2020 involved sales between businesses and individual consumers. Specifically, out of the total volume of transactions conducted online, nearly 82% were attributed to businesses selling products or services directly to consumers. This suggests that B2C transactions were the dominant form of ecommerce activity during that year, highlighting the significance of the consumer market within the broader digital economy landscape.
The large shipping firms processed 14.7 billion parcels in the U.S. alone in 2018.
The statistic highlights the significant scale of operations carried out by the large shipping firms specifically in the United States during the year 2018. With a staggering number of 14.7 billion parcels processed, it underscores the massive volume of goods being moved through the shipping network. This statistic indicates the essential role these firms play in facilitating trade and commerce within the country, illustrating their extensive reach and capability to handle a vast amount of shipments efficiently. It also reflects the growing demand for shipping services and the reliance of businesses and consumers on these firms to transport their packages across the country.
36% of U.S. small and medium businesses do not sell their products online and are hence missing ecommerce opportunities.
The statistic stating that 36% of U.S. small and medium businesses do not sell their products online indicates a sizeable proportion of businesses that are not taking advantage of ecommerce opportunities. This implies that these businesses are potentially missing out on accessing a broader customer base, increasing sales, and expanding their reach. Ecommerce offers businesses the ability to tap into the growing online market and adapt to changing consumer shopping habits. By not engaging in online selling, these businesses may be limiting their growth potential and competitiveness in the digital marketplace. It is crucial for businesses to consider integrating ecommerce solutions to remain relevant and thrive in today’s increasingly digital-driven economy.
In a 2020 survey, about 56% of online buyers in the US said they had added items to their shopping cart to qualify for free shipping.
In a 2020 survey conducted among online buyers in the US, it was found that approximately 56% of respondents reported that they had added items to their shopping cart specifically to meet the threshold for free shipping. This statistic suggests that free shipping offers play a significant role in influencing consumer behavior and purchase decisions among online shoppers in the US. The high percentage indicates that this marketing tactic is commonly utilized by retailers to incentivize customers to spend more in order to avoid shipping costs, highlighting the importance of understanding and leveraging consumer preferences and motivations in e-commerce strategies.
In 2019, third-party sellers sold more than 54% of paid units on Amazon.
The statistic states that in 2019, third-party sellers were responsible for selling over 54% of the total number of products sold on Amazon that generated revenue. This percentage suggests that third-party sellers play a significant role in the Amazon marketplace, highlighting their impact on the platform’s overall sales. This data points towards the growing prominence of third-party sellers on Amazon, underscoring their importance in driving both the diversity of products available to consumers and the overall revenue generated by Amazon’s platform.
Cross-border ecommerce market is predicted to surge at a compound annual growth rate (CAGR) of 27% between 2020 and 2026.
The statistic indicates that the cross-border ecommerce market is expected to experience significant growth over the period of 2020 to 2026, with a projected compound annual growth rate (CAGR) of 27%. This suggests that the market for online retail transactions between different countries or regions is poised for rapid expansion, driven by factors such as increasing globalization, improving logistics and shipping capabilities, and a growing consumer demand for a wider range of products and services from international sources. This forecast highlights the potential opportunities for businesses to tap into new markets, as well as challenges related to regulatory frameworks, payment processing, and supply chain management in the cross-border ecommerce landscape.
The global ecommerce market is expected to grow from $3.53 trillion in 2019 to $6.54 trillion in 2023.
The statistic indicates a significant projected growth in the global ecommerce market size, with an expected increase from $3.53 trillion in 2019 to $6.54 trillion by 2023. This projected growth represents a substantial expansion in the overall value of online retail transactions worldwide within a relatively short time frame. The rapid acceleration of digitalization, increasing internet penetration, advancements in technology, and shifting consumer preferences towards online shopping are some of the key factors likely driving this growth. The statistic suggests the continued importance and potential for further growth in the ecommerce sector, highlighting opportunities for businesses and stakeholders to capitalize on the expanding digital marketplace.
Estimates show that 95% of purchases will be made online by 2040.
This statistic indicates that it is projected that online shopping is expected to continue growing significantly in the coming years, with estimates suggesting that by the year 2040, as much as 95% of all purchases will be made online. This prediction highlights the increasing trend towards e-commerce and the shifting preferences of consumers towards digital shopping platforms. The statistic implies a substantial shift in consumer behavior and suggests that traditional brick-and-mortar retail may face significant challenges in the future as online purchasing becomes the dominant method of shopping. It underscores the importance for businesses to adapt and optimize their online presence to stay competitive in the evolving retail landscape.
By 2021, worldwide retail ecommerce sales will reach $4.9 trillion.
The statistic states that by the year 2021, global retail ecommerce sales are projected to reach $4.9 trillion. This figure represents the total value of goods and services purchased online through retail channels across the world for that year. The substantial growth in ecommerce sales can be attributed to various factors such as the increasing number of people gaining access to the internet, advancements in technology making online shopping more convenient, and the shift in consumer behavior towards digital purchasing. The statistic highlights the significant role ecommerce plays in the global economy as more businesses and consumers engage in online transactions, emphasizing the growing importance of the digital marketplace in the retail industry.
As of 2020, over 2.14 billion people worldwide are expected to buy goods and services online.
The statistic that over 2.14 billion people worldwide are expected to buy goods and services online as of 2020 highlights the pervasive trend of e-commerce as a preferred shopping method globally. This significant number underscores the growing influence of online retail platforms and the increasing digital connectivity of populations around the world. The convenience of shopping online, coupled with the wider availability of internet access and mobile devices, has contributed to the widespread adoption of e-commerce among consumers. This statistic reflects the changing consumer behavior and preferences towards online shopping, indicating the importance for businesses to have a strong online presence to engage with this large and diverse global market.
Ecommerce sales are projected to increase to 22 percent of global retail sales by 2023.
The statistic indicates that the proportion of retail sales conducted through ecommerce is expected to grow to 22 percent of total global retail sales by the year 2023. This suggests a significant shift towards online shopping as a preferred mode of purchasing goods and services around the world. Factors that may contribute to this projected increase include the rapid advancement of technology, the convenience and accessibility of online shopping platforms, and recent shifts in consumer behavior towards digital transactions. As more businesses and consumers embrace ecommerce platforms, this statistic highlights the ongoing trend towards a more digitally-driven retail landscape with considerable growth opportunities for companies that can effectively tap into this evolving market.
Ecommerce businesses lose $18 billion annually due to shopping cart abandonment.
The statistic “Ecommerce businesses lose $18 billion annually due to shopping cart abandonment” highlights the significant financial impact of customers abandoning their online shopping carts before completing transactions. Shopping cart abandonment occurs when users add products to their virtual carts but fail to follow through with the purchase. This loss in revenue poses a major challenge for ecommerce businesses as it represents potential sales that are not realized. Understanding the reasons behind cart abandonment, such as unexpected costs, complicated checkout processes, or lack of payment options, is crucial for businesses to implement strategies to reduce this issue and ultimately improve their bottom line.
50% of online retailers cited “reducing logistics costs” as their top operational challenge for 2020.
The statistic that 50% of online retailers cited “reducing logistics costs” as their top operational challenge for 2020 indicates that a significant portion of businesses in the e-commerce sector identified cost efficiency in their supply chain as a key priority. This finding suggests that online retailers are increasingly focusing on streamlining their logistical processes to improve their overall financial performance. By aiming to lower logistics costs, these retailers may be seeking to enhance their competitiveness, optimize operational efficiency, and potentially pass on cost savings to customers. As a prevalent concern among industry players, addressing logistics costs is likely to be a key strategic focus for online retailers seeking to navigate the evolving landscape of e-commerce in 2020.
63% of consumers expect delivery within three days or less as the standard.
The statistic ‘63% of consumers expect delivery within three days or less as the standard’ indicates that a significant majority of consumers have a set expectation for the speed of product delivery when making online purchases. This statistic suggests that fast and efficient delivery timelines have become a standard requirement in the e-commerce industry to meet consumer demands and preferences. Businesses that can fulfill this expectation of timely delivery are more likely to satisfy their customers and retain their loyalty. Meeting or exceeding these delivery expectations can also contribute to a positive customer experience and potentially drive higher sales and repeat purchases.
References
0. – https://www.www.statista.com
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2. – https://www.www.grandviewresearch.com
3. – https://www.www.cnbc.com
4. – https://www.www.fortunebusinessinsights.com
5. – https://www.www.nchannel.com
6. – https://www.www.shopify.com
7. – https://www.www.globenewswire.com
