• Semantic Ecommerce SEO

Ecommerce Stats 2024

  • Felix Rose-Collins
  • 1 min read

Intro

  • Total Ecommerce Sales: Expected to reach $6.3 trillion in 2024.
  • Annual Growth Rate: 9.8% CAGR from 2023-2027.
  • Ecommerce Share of Retail Sales: 22% of total global retail sales.

1. Mobile Commerce (M-Commerce) Stats

  • 72% of Ecommerce sales come from mobile devices.
  • Mobile conversion rates are higher in apps (3.5%) than on mobile browsers (1.9%).
  • 50% of shoppers use voice search to find products.
  • 81% of consumers research products online before purchasing.
  • 60% of shoppers abandon carts due to unexpected shipping costs.
  • 43% of online shoppers start product searches on Google.
  • Websites with structured product data see a 30% boost in visibility.
  • Sites with fast-loading pages have a 35% lower bounce rate.

4. Social Commerce & Influencer Marketing

  • $1.2 trillion in sales driven by social media platforms.
  • 54% of Gen Z buyers purchase directly through social channels.
  • Instagram & TikTok drive the highest engagement-based conversions.

5. AI & Personalization in Ecommerce

  • 91% of consumers prefer shopping with brands offering personalized experiences.
  • AI-driven product recommendations increase average order value (AOV) by 15%.

6. Cart Abandonment & Checkout Optimization

  • Average cart abandonment rate: 69.9%.
  • Top reasons for abandonment:
    • Unexpected fees (48%)
    • Complex checkout process (24%)
    • Slow website speed (14%)
  • Buy Now, Pay Later (BNPL) usage increased by 30% YoY.
  • Digital wallets (PayPal, Apple Pay) account for 55% of online payments.

8. Sustainability & Green Commerce Stats

  • 73% of consumers prefer brands with eco-friendly packaging.
  • 65% of shoppers are willing to pay more for sustainable products.

Tools for Ecommerce Growth & Optimization

  • Google Analytics & Search Console – Track user behavior & SEO performance.
  • Ranktracker’s Web Audit Tool – Identify technical issues & ranking opportunities.
  • Ahrefs & SEMrush – Analyze competitor SEO & keyword trends.

Conclusion: Leveraging Ecommerce Stats for Business Success

These Ecommerce stats highlight the importance of SEO, mobile optimization, and personalized experiences. By leveraging data-driven insights, businesses can improve search visibility, conversions, and customer engagement.

Felix Rose-Collins

Felix Rose-Collins

Ranktracker's CEO/CMO & Co-founder

Felix Rose-Collins is the Co-founder and CEO/CMO of Ranktracker. With over 15 years of SEO experience, he has single-handedly scaled the Ranktracker site to over 500,000 monthly visits, with 390,000 of these stemming from organic searches each month.

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