Amazon is a platform that major retailers cannot easily ignore in the online market. It has risen and has become the world’s major online shopping platform in the 25 years of its existence. In 2018, Amazon’s share with the eCommerce market of the US approached 49%. Such progress amounts to 5 percent of all commerce spending in the United States. Read more about Amazon Seller Statistics below
When we begin 2019, many merchants wonder how they might increase their share of the big Amazon market. Assessing the site’s primary areas of potential, as well as the concerns and challenges that Amazon merchants confront, is the first step.
- Amazon has over 12 million things for sale.
- 90 % of people look up a sales volume on Amazon.
- Amazon offers about 1.1 million home renovation items
- FBA allows sellers to raise their sales by 30 to 50 percent.
- Eighty percent of Amazon merchants also sell on some other sites.
- Only 2% of Amazon users have used Alexa to conduct transactions.
- Amazon Prime subscribers spend approximately 1.4K dollars each year.
- 3rd party merchants account for more than half of all Amazon revenues.
- In the United States, 95 million people possess Amazon Prime memberships.
- In 2017, Amazon delivered over 5 billion things over the years worldwide.
In 2021, Amazon’s eCommerce market share was expected to rise to 50 percent. Amazon’s eCommerce market share has grown significantly in the past three years. It also had a 37 percent share of the online market in 2017 and is expected to grow by 13 percent this year.
Many individuals attribute this to the COVID-19 outbreak and the resulting need for online, physically remote shopping. However, before the virus, Amazon’s market share was also at 45 percent in 2019.
Amazon Prime Seller Stats
So here are a few additional Amazon Prime statistics to keep in mind. Each year, the regular Prime customer spends roughly 1,400 dollars on Amazon. The exchange rate for Amazon Prime is a whopping 13.5 percent. Under this new sales and marketing plan, Amazon Prime, which lets customers still get the same delivery services, has now been introduced to Amazon Prime. The best part is that any Amazon seller can start selling on Amazon Prime, but you must meet many other requirements to market directly to customers.
Amazon customer feedback
Customers are over 90% buying a product on Amazon than with any other platform. Whenever a customer has an Amazon Prime account, this rate jumps by over 95%. Even if customers do not have an Amazon Prime membership, there are frequently numerous deals for free or extremely low-cost delivery.
Amazon’s volume and size allow them to drop their prices dramatically, offer a far lower price than some other companies, and yet make a profit. Fast shipping is a key benefit that helps Amazon compete with traditional retailers. In addition, Amazon’s user-friendly Webdesign streamlines the buying experience.