The pandemic has fueled an offline-to-online shift and driven exponential growth across the global ecommerce sector, growth which is likely to continue even in a return to normalcy, according to Forbes. In fact, experts forecast that half of the absolute value growth for the global retail sector over the 2020-2025 period will be driven by digital ecommerce. In this rapid shift, the US, being the third-largest online market worldwide and the homeland of online marketplace giants, will play an essential role.
If you didn’t have chance to catch our webinar on E-Exporting Made Simple | The USA, we have created a short summary of the key discussion points. And if you have a little more time to spare, you can also find a link to the full recording within our blog.
Our Marketplace Focus series provides you with insights on global online marketplaces. Today, we are taking a look at Newegg, the ecommerce store built specifically for tech-enthusiasts, boasting more than 10.5 million product listings and 70% customer retention.
Why the US ecommerce market still has room for growth
The United States is the second largest ecommerce market globally, only missing out on the top spot to ecommerce giant, China. While many retailers are looking to explore new and emerging markets, the US is expect to grow by a whopping 73% from 2015 to 2020, reaching as much as US$684bn! This infographic explores why the US is a great launch pad for retailers looking to expand their international reach.