Fascinating Amazon Statistics Sellers Need To Know

10 Fascinating Amazon Statistics Sellers Need To Know in 2021

1. 90% of consumers check Amazon to compare prices and find the best deal 9 out of 10 consumers price check a product on Amazon.

Dominating nearly half of the US ecommerce market, Amazon is one of the first places consumers turn to when searching for and comparing products.

Even after finding a product on a competitor’s website, 90% of people will head to Amazon and search for the same product.

2 The smart home market is expected to reach $130 billion by 2020.

As more consumers embrace the smart home, the industry is growing by leaps and bounds. In 2017, the global smart home market was valued at $44 billion — and it’s expected to grow at a compound annual growth rate of nearly 18% to $130 billion by 2020.

3 Amazon has been a huge success, and its growth is showing no signs of slowing down. In fact, in the first quarter of 2017 it grew by 23% and revenue hit $35.7 billion, With amazon fba business playing a crucial role in helping amazon achieve these numbers

Amazon’s revenue has grown year over year for the past nine years, and its sales continue to grow at an astounding rate. In 2017, eMarketer predicted that Amazon would increase its US net digital ad revenues from $1 billion in 2016 to $4.61 billion by 2020. These numbers are staggering, but Amazon is barely scratching the surface of what’s possible for the company in terms of revenue and profit.

4 Amazon sells over 1.1 million home improvement products.

The average price paid per item in this category is $35.45.

Home Depot has only 9% market share on Amazon, but it sells twice as many products as Lowe’s does for a higher average price ($50 vs $44).

Amazon’s own private labels (Rivet & Stone & Beam) have close to 6% market share across all home improvement items sold on Amazon.

The most popular brand sold on Amazon within this category is Moen, followed by Wix Filter and Camco.

5 Amazon is a colossal marketplace that nearly everyone uses today. Sellers can tap into the platform’s massive network of consumers by starting an Amazon business.

But competing on Amazon can be tough. It’s important to understand the intricacies of the marketplace before deciding to sell on Amazon.

You need to know what types of products you can sell, how to list your items, and how to ship your products.

Since its launch in 1995, Amazon has grown into a giant online marketplace for millions of consumers around the globe.

In 2018, Amazon sellers generated over $160 billion in sales, which is incredible when you consider that nine years before this number was only $1 billion.

In 2017, there were 1.66 billion digital buyers worldwide – this number is expected to reach 2.14 billion by 2021. This is according to a report from Statista which also predicts that ecommerce sales will account for 17% of all retail sales worldwide by 2021.

The number of online shoppers has been steadily increasing in recent years due to higher trust in online shopping and the convenience it offers consumers.