In 2020, the coronavirus pandemic accelerated ecommerce sales growth significantly. Growth won't be as high in 2021, but total sales will far exceed our pre-pandemic estimates. We estimate that US retail ecommerce sales grew 33.6% in 2020, reaching $799.18 billion.
As the pandemic subsides, in-store shopping will rebound, and a share of consumer spending will revert away from retail and toward services like travel and live entertainment. However, sales growth this year will still build upon the massive upward revision from 2020, causing total ecommerce sales for 2021 to be more than $147 billion greater than we expected prior to the pandemic. We forecast ecommerce sales will grow 13.7% this year, reaching $908.73 billion.
As ecommerce sales made significant gains, non-ecommerce retail contracted for the first time since the Great Recession, falling 0.2% in 2020. This translates to about...
| Report Preview * This chart and data were pulled from The US Ecommerce by Category 2021 Report by Insider Intelligence. Purchase the report below for $1,995 for immediate access. | | In 2020, the coronavirus pandemic accelerated ecommerce sales growth significantly. Growth won't be as high in 2021, but total sales will far exceed our pre-pandemic estimates. We estimate that US retail ecommerce sales grew 33.6% in 2020, reaching $799.18 billion.
As the pandemic subsides, in-store shopping will rebound, and a share of consumer spending will revert away from retail and toward services like travel and live entertainment. However, sales growth this year will still build upon the massive upward revision from 2020, causing total ecommerce sales for 2021 to be more than $147 billion greater than we expected prior to the pandemic. We forecast ecommerce sales will grow 13.7% this year, reaching $908.73 billion.
As ecommerce sales made significant gains, non-ecommerce retail contracted for the first time since the Great Recession, falling 0.2% in 2020. This translates to about... | | Other Related Reports | The pandemic accelerated payments industry digitization across the entire landscape, as merchants turned to ecommerce to keep doors open... ACCESS FULL REPORT | After the coronavirus pandemic forced issuers to adapt rewards, enhance forbearance, and build out digital tools to cope with a volume hit in 2020... ACCESS FULL REPORT | | | To learn more about Insider Intelligence and our Ecommerce coverage, click below and fill out the form, and a member of our team will be in touch with you. | | | |
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