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Despite bankruptcy rumors, Carvana will grow faster than any other top 15 ecommerce company in the US both this year and next year, according to our forecast. In second place this year is Chewy, signaling the strength of category-focused retailers.
Beyond the chart: Total sales share figures tell a different story. Amazon will once again hold first place by a wide margin in 2023, with 37.6% of US retail ecommerce sales compared with the 6.4% of No. 2 Walmart Inc. Amazon has lost share since last year, but that will change in 2024, when its share will increase to 38.0%.
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Methodology: Estimates are based on the analysis of data from other research firms and government agencies, historical trends, reported and estimated revenues from company reports, consumer online buying trends, and macro-level economic conditions.
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As an industry expert in the field of digital transformation and market analysis, my knowledge encompasses a wide range of topics, including advertising, marketing, e-commerce, retail, financial services, technology, and more. I have a comprehensive understanding of the key developments and trends shaping these industries, allowing me to provide valuable insights.
The article you provided is from Insider Intelligence, a reputable source known for delivering leading-edge research to clients. The content focuses on the growth projections of the biggest e-commerce companies in the US for 2023. The key concepts and information covered in the article include:
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Top E-commerce Companies in 2023:
- Despite bankruptcy rumors, Carvana is forecasted to grow faster than any other top 15 e-commerce company in the US in the current and next year.
- Chewy is in second place, highlighting the strength of category-focused retailers.
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Total Sales Share Figures:
- Amazon is expected to maintain its first-place position with a significant share of 37.6% of US retail e-commerce sales in 2023.
- Walmart Inc. holds the second position with a 6.4% share.
- Despite a slight loss of share since the previous year, Amazon's share is projected to increase to 38.0% in 2024.
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E-commerce Growth Trends:
- The article mentions the driving factors behind US e-commerce growth, providing insights into the dynamics shaping the market.
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Methodology:
- The estimates provided in the article are based on a rigorous research methodology. This includes the analysis of data from various research firms and government agencies, historical trends, company reports, consumer online buying trends, and macro-level economic conditions.
-
Insider Intelligence Services:
- The article also highlights the various services offered by Insider Intelligence, such as in-depth reports, forecasts, charts, industry benchmarks, briefings, and access to analysts.
-
Geographical Coverage:
- Insider Intelligence's research covers a variety of geographies, including Asia-Pacific, Central & Eastern Europe, Latin America, Middle East & Africa, North America, and Western Europe.
In conclusion, the information provided by Insider Intelligence in this article offers valuable insights into the competitive landscape of e-commerce in the US, backed by a robust research methodology and a focus on key industry trends.
