DUBLIN, July 11, 2024 (GLOBE NEWSWIRE) — “US Amazon E-commerce Forecast 2024: E-commerce giant continues to gain market share but faces new threats such as Temu” report ResearchAndMarkets.com Recruitment.
Amazon will likely continue to grow its market share, but new competition from TechCrunch, Walmart, and other retailers could erode its future dominance.
Despite already dominating the U.S. market, Amazon's e-commerce sales are growing faster than its competitors in nearly every product category, but new threats from Temu, Walmart and other companies could challenge Amazon's dominance in the coming years.
Important questions: What is the outlook for Amazon's U.S. e-commerce business over the next two years?
Key Stats: Amazon will capture more than 40% of U.S. e-commerce sales by 2024.
The full report includes:
- 3. Exportable files that are easy to read, analyze and share.
- 10 Charts: Simple, reliable data for presentations and quick decision making.
Key topics:
- executive summary
- How big will Amazon get?
- Amazon's US e-commerce business is back on track
- How will Amazon's e-commerce business evolve over the next two years?
- What does Amazon's growing market share say about the competitive environment?
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- Amazon to account for more than 40% of U.S. e-commerce sales by 2024
- Amazon's sales growth outpaced the market by the largest margin since 2019 in 2023
- Amazon's U.S. sales growth outpaced the overall market by more than 5 percentage points in five categories.
- Amazon will continue to grow faster than most major retailers except for Walmart (U.S. e-commerce sales in billions by company, 2024-2025)
- Health, personal care, beauty, apparel, footwear, and accessories will play a larger role in Amazon's e-commerce business (category % of U.S. Amazon retail e-commerce sales, 2023-2025)
- Amazon's category growth is roughly in line with the US e-commerce market (US Amazon vs. Overall E-commerce CAGR, by Category, 2023-2025)
- Amazon's biggest market share gains will come from categories it already dominates.
- Amazon will struggle to gain market share in home goods
- Amazon loses market share in two categories: home improvement and autos and parts
- Potential threats to Amazon's dominance
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For more information on this report, please visit: https://www.researchandmarkets.com/r/tnmmoy
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US Amazon E-commerce Forecast
