Packaging Manufacturer Collabs with Solar Projects to Enhance Cleantech in 2024
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
Latest News
Packaging Manufacturer Collabs with Solar Projects to Enhance Cleantech in 2024
Companies are making significant moves towards the clean energy transition in various ways. In order to reduce carbon emissions, certain companies are investing in several rescue methods in 2024. Renewables production is growing over time as the…
Amazon Enables News Technologies to Help its Business Customers
Amazon is one of the leading global e-commerce platforms for consumers. The brand boosts its online shopping experience for users in multiple ways. Surveys show that Amazon regulates several business solutions to increase its products and services…
Asian Carbon Emissions Affects West’s Clean Energy Transition Process in 2024
Globally, countries are facing challenges in the transformation of green energy. The economies worldwide target to achieve net zero emissions. Hence, countries are introducing several ways to reduce environmental carbon emissions. Developing…
China to Boost Oil and Gas Production from New Sources in 2024
China is the leading nation in the energy market. Since the clean energy transition focuses on renewables, China surpasses other nations in renewables production. In a mission to strengthen its energy security, China moves forward with oil and gas…
China Copper Export Increases in the Global Market
There will be a surge in copper demand in the energy market in 2024. The growing demand for copper contributes to different usages in the energy market. China stands out in the copper exports of 2024. The Chinese economy is booming, with an…
Shubhendra Anand
Head Research
