Written by, Alex Bosnjak
Updated April, 17, 2022
Cart abandonment statistics are vital to every ecommerce business. They offer one of the only ways to assess why customers leave their site and what they can do to fix it.
Running a large-scale ecommerce business isn’t cheap, but spending the extra money to understand the basics could make or break a company.
Let’s look at what every business owner should know about cart abandonment.
(Source: Dynamic Yield)
What else makes people not fulfill their checkout?
(Source: Baymard Institute)
So we can see why users abandon their cart but do certain events affect that?
(Source: Barilliance)
These are some general stats, but can specific locations show us a different picture?
Australia can provide some fascinating stats about its ecommerce abandonment rates.
(Source: Internet Retailing)
But how do Australians shop?
(Source: PayPal)
While Australia has a booming ecommerce market, other countries aren’t far behind.
Let’s explore shopping cart abandonment worldwide.
(Source: Barilliance)
But that’s not all.
(Source: CreditDonkey)
Despite the different locations, devices also affect abandonment rates.
Surprisingly, successful purchasing depends on the device.
(Source: Barilliance)
But do browsers affect conversion rates?
(Source: CreditDonkey)
Now, let’s explore the abandonment rates for different industries.
All industries are affected differently by cart abandonment.
(Source: Radware)
Businesses with effective analytics on ecommerce web builders can monitor things easily. So, what can businesses do to improve cart abandonment?
Organisations can do many things to prevent cart abandonment.
(Source: Barilliance)
So what can we do to increase shopping cart recovery?
(Source: Dynamic Yield)
Now, that’s not something any business wants to miss out on.
Cart abandonment statistics give us a pretty good idea of why customers leave their carts and how businesses fix the possible causes.
The ecommerce market is growing substantially. That’s why businesses need a keen sense of what’s going on, so they can change with customers’ wants and expectations.
If an ecommerce business wants to remain ahead of the pack, it needs the research and stats to back up customer behavior. Online shopping changes daily, and organisations should change with it.
The term cart refers to the virtual shopping cart we put items in when we shop online. Shopping cart abandonment is when we leave without purchasing these items. It happens pretty often, with the average leave rate sitting at about 70%. Ecommerce businesses focus on this rate to understand the reasons behind it and how they can prevent it.
Abandonment causes retailers to lose a serious amount of money. Cart abandonment equals a loss of $18 billion a year. Businesses focus on abandonment stats because they could be a sign of issues with the site or user experience.
One brilliant move forward is shopping cart abandonment software. The technology does the work for you and reveals everything about cart abandonment and why it happens. It’s software that shows where issues may come from, giving you a chance to fix and monitor the abandonment rate.
Cart abandonment statistics show that it can have a run-on effect. One minor issue can prevent customers from making a purchase and returning to the site. For instance, without a seamless checkout, the company won’t make the sale, the customer won’t be likely to trust the site again, and the business could lose further customers through bad reviews.