Marketplaces Sales Surge in 2023🚀

📈Marketplace Growth

- Marketplace merchandise sales grew by 46% on average in 2023.
- This growth rate is six times higher than the overall ecommerce growth rate.
- 70% of customers prefer to shop with specialized retailers, those in electronics and sporting goods grew by 63% and 74% respectively

💰 Commission Rates

- The average marketplace commissionrate in 2023 was 14.7%, up from 14.1% in 2022.
- Highest commission in jewelry (20-25%) and apparel (15-25%).
- Consumer electronics have the lowest commissions, between 6-10%.

Are specialized marketplaces the future of ecommerce?