Amazon’s Dominance in Ecommerce

Visual Capitalist  |

This Chart Shows Amazon's Dominance in Ecommerce

This Chart Shows Amazon’s Dominance in Ecommerce

It’s no secret that Amazon is dominant in ecommerce.

But despite this being common knowledge, the most recent data behind the explosion in Amazon’s market position is still stunning to behold: in the last two years, the already monstrous Amazon somehow was able to increase their share of the total U.S. ecommerce market from 38% to 49%.

Amazon holds almost half of the massive $252.7 billion market – that’s more than double the market share of the next nine companies (including eBay, Walmart, Best Buy, Apple, etc.) combined!


Retailers like Walmart and Best Buy are collectively throwing billions of dollars to get a foothold online. The competition is certainly fierce, but Amazon has still been able to achieve astronomical growth:

201620172018
Amazon market share38.1%43.5%49.1%

Will Amazon cap out at 50%, 60%, 70%, or beyond?

At this point no one can tell – but regardless of where the growth ends, such a level of dominance has never been achieved in the retail market like this before.

A Prime Driver

Although not as stunning as overall ecommerce market share, the company’s Prime Day numbers also illustrate the vast size and scale of the company.

The most recent rendition of the annual event in July 2018 raked in $4.2 billion of revenue in a 36-hour period, even though the company had well-publicized technical issues that cost the company $72 million.

2015201620172018
Prime Day Sales$0.9B$1.5B$2.4B$4.2B

The 2018 event brought a revenue increase of 74% – and Prime Day now generates more sales than Cyber Monday or Black Friday ecommerce sales.

There’s no doubt that the Jeff Bezos Empire is holding strong: with $900 billion in market capitalization, Amazon is now in the conversation to join Apple in hitting the $1 trillion milestone in the coming months.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
AMZN Amazon.com Inc. 1,941.69 7.33 0.38 1,562,136 Trade

Comments

Emerging Growth

Invictus MD Strategies Corp

Invictus MD Strategies Corp is focused on two main verticals within the Canadian cannabis sector under the Access to Cannabis for Medical Purposes Regulations having investment in Acreage Pharms Ltd.,…