info@marketresearchfuture.com   📞 +1 (855) 661-4441(US)   📞 +44 1720 412 167(UK)   📞 +91 2269738890(APAC)

Consumers Affinity Towards Online Products Increasing in 2024

By Shubhendra Anand , 08 April, 2024

The e-commerce sites are the fastest growing sector in different economies for 2024. The consumer is more tilted towards the wide availability of products in the online sites at the ease of their home. The surveys conducted for the e-commerce segments show that online sales are growing exponentially in 2024.
According to surveys conducted in 2024 for e-commerce, consumers prefer to buy electronics from online stores. There is a growing prevalence of electronics sales online due to easy convenience. The online sites provide a better range of products for the selection of electronics. It helps to compare and decide upon the features of electronic products based on customer reviews.

Therefore, consumers have a growing affinity to go online to purchase electronics. The survey data suggests that the electronics category accounts for over 30 percent of consumers buying electronics online. It is followed by the hardware and furniture category, the highest-selling product consumers prefer. Twenty-eight percent of consumers prefer to purchase hardware and furniture products in 2024. Experts suggest that online sales are expected to grow over time with 44, 31, and 22 percent increases in sales of products over the years for electronics, hardware, and furniture, respectively. The data shows that the food category accounts for only 5 percent of consumers interested in purchasing online in 2023. This may be due to consumers' preference for fresh foods over packaged goods.
 
The same trend is expected to continue in 2024 as the United States' online sales are expected to grow by 7.2 percent by the end of the last quarter of 2024. The U.S. recorded 7.8 percent of online sales by the end of the fourth quarter of 2023. This study suggests how much money consumers spend on online products. At the same time, it shows consumers the reliability of the online products. Therefore, online sales drive the market dynamics, with consumers more drawn towards online products in 2024.
                                        

Online Sales of Products Grows in 2024

 

ONLINE-SALES-OF-PRODUCTS-2024.jpg

Latest News

2025.png
Quadric and Denso Team Up to Progress Automotive AI Semiconductors for 2025

The automotive industry will benefit significantly from strategic partnerships in artificial intelligence (AI) and its use in cars. AI integration into automobiles is projected to improve considerably in the year 2025 due to the formation of various…

Read More

2024.png
Semiconductor Trade Restrictions Threaten EV, AI, and Industrial Progress in 2025

In 2025, the global semiconductor industry is already grappling with new and complex challenges emanating from the trade wars and policy changes between the United States and China. The semiconductor industry, an essential backbone of technology…

Read More

2030.png
Surge in Demand for Semiconductors in 2025 Driven by Boom of Generative AI

The rapid use of generative artificial intelligence (AI) in 2025 has profoundly affected the semiconductor sector, resulting in unprecedented growth for advanced chip technologies. According to estimates made by the Capgemini Research Institute, this…

Read More

condition.png
Texas Faces Challenges to Balance Grid Security and AI Boom in 2025

Texas will face an emerging challenge in 2025 as the electricity grid experiences unprecedented strain from the rapid expansion of artificial intelligence (AI) data centers. Power usage has increased due to technology firms' indiscriminate placement…

Read More

Stocks.png
Tech Turmoil in 2025: Magnificent Seven Stocks Slide as Tesla Leads Market Decline

With the "Magnificent Seven”- Apple, Microsoft, Amazon, Alphabet, Meta, Nvidia, and Tesla leading the fall, the US stock market saw a significant dip in early 2025. Usually seen as market drivers, these IT behemoths found themselves in the correction…

Read More

Author Pic
Shubhendra Anand

Head Research