Amazing Shopping Cart Abandonment Stats to Keep in Mind in 2020

Shopping cart abandonment statistics can give us a clear sign of how customers interact with and react to your online offers and interface. 

Many factors influence a person during the online shopping process. People give up on buying for various reasons. But often those reasons are the same for many and have a clear hierarchy. 

So, we decided to take a look at some of the shopping cart abandonment stats and the importance of online shopping cart abandonment. This will help you understand better the hurdles your business is facing as well as the potential buyer.

Shopping Cart Abandonment Stats (Editor’s Choice)

  • The average cart abandonment rate is 69.57%.
  • Men’s clothing is the least affected category with only 26%.
  • 87.87% of buyers abandon their airline ticket purchases.
  • Over $4 trillion worth of unpurchased goods is left in carts annually.
  • 57% of customers will not wait over three seconds for a page to load.
  • You can recover 20.3% of sales by sending a recovery email within 24 hours. 
  • 55% of all people who abandon a purchase do so because of extra costs.

General Shopping Cart Abandonment Statistics 2019

1. Across all industries, the average cart abandonment rate is 69.57%.

(Statista)

As many as seven out of ten buyers will stop at some point in their purchase and will not complete the transaction. In 2017, cart abandonment rate varied from  67.4% to 83.7% from industry to industry.

The ecommerce cart abandonment rate for 2018 was 74.58%, while the average cart abandonment rate in 2019 dropped to 69.7%.

2. Airlines have the highest cart abandonment rates (87.87%).

(CodeinWp, Statista)

Following the airlines comes the rest of the travel industry. Due to a lot of browsing without any real intent to buy, the abandonment rate here is 81.31%. 

Online retail suffers a rate of 74.58% of abandoned purchases, while the least affected categories are women’s clothing with 29% and men’s clothing with only 26%.

In fact, abandonment statistics say 58% of people gave up on a purchase without even adding the item to the cart.

3. Companies lose up to $18 billion in sales revenue every year due to cart abandonment.

(Dynamic Yield)

Forrester research on shopping cart abandonment found that 88% of people reported they have at some point abandoned a purchase midway, which currently results in $18 billion of lost revenue in 2018. 

Shopping cart abandonment case studies list one indisputable fact: 

The unexpected extra costs are the primary reason people give up on proceeding with their order.

And while the fact is very hard to verify, Forrester predicts that the loss of revenue is going to skyrocket to $31 billion globally.

4. The mobile shopping cart abandonment rate stands at 85.65%.

(CodeinWp, Sleeknote)

It has been confirmed many times in the past that the smaller the device and the screen, the higher the abandonment rate. The problem has grown as users have migrated to mobile devices. The trend has prompted companies to improve their UX in order to retain more users and finalize more sales focusing on mobile ecommerce.

Improvements in speed, usability, and cutting back on excessive copy gave results. Overall, online traffic percentage is higher on mobile devices, currently at 64%, while only 29% is viewed on a desktop computer. On the other hand, the number of finalized orders for both categories was similar last year, and it stands at 46%.

Shopping Cart Abandonment Reasons

5. 55% of all people who abandon a purchase do so because of extra costs.

(Walker Sands, CodeinWp, Sleeknote)

Shipping, taxes, and fees are at the top of the list when it comes to giving up on a purchase, says the Baymard Institute research. 

With almost 80% of American buyers expecting free shipping, delivery costs are the most likely to turn them away to a competitor.

6. 36% of people give up on a purchase when asked to create an account.

(Baymard)

This is a thing almost everyone has done at some point. We make an impulsive decision to buy, but we’re stopped by the realization that we don’t really need the thing enough to go through all the steps of the registration process.

7. 57% of online buyers will navigate away from a page and not place an order if it takes more than three seconds to load, shopping cart abandonment stats confirm.

(Intechnic)

One second of slow loading will cost a company 27% of online sales lost due to cart abandonment. Pages that load under 2.4 seconds show much better results.

8. 41% of shoppers abandon the online buying process at the checkout stage.

(SaleCycle, Statista, Sleeknote)

Optimizing the user experience during the checkout process can raise the conversion rates by 35.62% by improving the checkout flow, reducing the number of steps, including a progress tracker, and eliminating repetition. 

9. 39% of people will not finalize a transaction if they are faced with filling in too many forms.

What’s more, 30% of people will not want to re-enter their credit card number information, and 25% will leave if asked to fill out the shipping information once more.

In fact, any excessive amount of forms that need to be completed will lead to customers turning away. A full 39% will give up on the purchase and raise your checkout abandonment rate if they encounter issues while trying to provide personal information.

And finally, if you offer a discount code or a coupon that doesn’t work, almost half of all customers, 46%, will decide against continuing with the transaction. 

10. A company can recover 20.3% of sales if it sends an abandoned cart email within the first 24 hours.

(Barilliance)

If you are wondering how to reduce shopping cart abandonment, here’s what you can do:

The first of the cart abandonment solutions is creating a series of well crafted and properly timed recovery emails. The second is shopping cart abandonment retargeting .

Now:

Sending recovery emails is one of the best shopping cart abandonment hacks, as it can help you recover one-fifth of the loss.

Additionally, 46.1% of buyers who abandoned their purchase opened cart abandonment emails. 13.3% click on the provided links, and 35% of those who do buy something after all.

Conversion rates for cart abandonment recovery go from 18% to 40%.

Shopping Cart Abandonment Stats - Mobile Commerce

FAQ

Q: What is a good shopping cart abandonment rate? 

The range of the shopping cart abandonment rate goes from 60% to 80%, with the current average being 69.57%. With the best UX and optimization, you can achieve an abandonment rate of 20% in segments such as clothes and footwear. But depending on the industry, anything up to 50% can be considered good, especially if travel or airlines are in question.

Q: What is an abandoned cart? 

The term abandoned cart is used for a situation in which a potential customer stops the purchase process without completing the transaction, leaving the item in the cart. A high cart abandonment rate can indicate a bad user experience or a fault in the sales funnel. 

Q: What are abandoned cart emails?   

That’s a recovery of sales tactic that uses an automated email reminder or a series of precisely timed and crafted emails, sent to a potential buyer who has previously left the website without completing the purchase after adding items to their shopping cart. The company does this in the hope of finalizing the initiated sale.

Q: How do I stop a shopping cart abandonment? 

Shopping cart abandonment is most effectively stopped by resolving issues that lead to it. The primary causes of cart abandonment are hidden costs of shipping, additional fees, and taxes. The company needs to provide a shopping experience with no surprises in the financial part of the process. 

A brand can also bring down the abandonment rate by reducing the amount of time customers spend on entering personal information, by offering a “check-out as guest” option, and a short personal info form. 

Finally, the company can improve the loading speed and responsiveness of its website since today’s online buyers are willing to give a website only three seconds before they navigate away from the page.

The Importance of Online Shopping Cart Abandonment

If you want to know how your UX is doing and how optimized your web page is, shopping cart abandonment statistics will give you pretty good insight. If that number is too high for comfort, you might want to look at your checkout setup, as this is the point where most people decide to give up on the purchase. 

The thing is:

The average user is impatient and won’t tolerate bad loading speed and unresponsiveness or suffer through multiple forms and buttons and fields. And if they need to write in their personal info twice, they will walk away with an empty cart, dragging your sales and revenue down. Often, they will not want to create an account. 

Bottom line:

Listening to buyers’ needs and wants and creating a UX around them will lower your shopping cart abandonment stats and give your sales a boost. If not, start writing those cart abandonment emails to retrieve some of the revenue, do it right, and some of the runaway customers will finalize their transactions.

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