On 18th February 2022, the U.S. Department of Commerce Retail Indicator Division reported that e-commerce sales in the U.S. were up by 14.2% from 2020 to 2021, and a whopping 50.5% from 2019 to 2021.
These figures are significant, because the U.S. Department of Commerce Retail Indicator Division only considers purchases made online through e-commerce outlets, and does not consider purchases made through conventional retail outlets in its data.
Consumers in the U.S. spent $870 billion on e-commerce purchases during the pandemic. Sales of furniture, electronics and building materials saw 200% growth in the e-commerce market, while online purchases of food and drink rose by 170%.
In 2021, 9.6% of all grocery sales in the U.S. were made online.
Gambling through online gaming sites like Spinbit has also seen a significant increase. Online betting in sports including football and horse racing is gaining popularity, largely due to relaxed regulations and better accessibility to placing online bets through e-commerce sites. Casino games like Blackjack, Poker and Slots are also played online throughout the U.S.
Many online gambling sites are actively sponsoring sports teams, which is contributing towards huge growth in the online gambling markets. North America is the fastest growing global market for online gambling. Online gaming in the U.S. is projected to grow by a further 11.49% between 2022 and 2027.
Demand for e-commerce sites was boosted by the pandemic, but what we’re seeing now is that ecommerce sales have remained high despite the end of lockdown.
Online stores, casinos and e-learning platforms are becoming more innovative to stand out amongst their competition, which is driving demand for e-commerce style services.
During lockdown, online shopping was a way to help people cope with the financial, psychological and social pressures of the pandemic. Closures caused retail outlets and gambling establishments to increase their online capabilities.
Companies across the world have found ways to adapt. Retail stores have developed larger product lines. Other e-commerce outlets like e-learning platforms and online casinos have expanded their offerings to facilitate more options for e-commerce customers.
Cashless payment methods make it more convenient than ever to make an online purchase on any device at the touch of a button. Online payment gateways make the e-commerce industries more secure, and more trustworthy.
Around half of all gamers use PayPal, while credit and debit cards are widely used for online purchases.
Americans make around 13% of all purchases online, however, the U.S. is still a relatively small player compared to e-commerce giants like China, where 46% of all purchases are made online.
E-commerce is shaping business, so this growth trend is likely to continue well into the future.
