The US retail trade e-commerce market has demonstrated significant growth from 2013 to 2023. The market started from a value of $263.65 billion in 2013 and grew to $589.12 billion by 2023, achieving a notable increase despite year-to-year variances. Key highlights include strong growth years such as 2017 (16.04%) and recovery after a decline in 2020 (-12.92%), leading to a 4.04% growth in 2023. The CAGR over the last five years (4.62%) reflects steady market resilience.
Future trends to watch for:
- Continued digital transformation and technology integration in retail trade.
- Increasing consumer preference for seamless online shopping experiences.
- Growth potential in emerging technologies like augmented reality (AR) and artificial intelligence (AI) enhancing e-commerce platforms.
- Potential market impacts from economic fluctuations and supply chain challenges.