According to Jp Morgan analysts, Amazon will become the largest retailer in the United States in 2022, surpassing Walmart.
JP Morgan analysts say in a note that their estimates show that Amazon will see the fastest growth rate next year. The note examines one of Amazon's key industrial indicators, GMV (Gross Volume), from 2014 to 2020 compared to its main competitor in the retail sector, which indicates faster and faster growth.
Jeep Morgan estimates that Amazon's GMV index is likely to grow faster than Walmart next year, making it one of the largest retailers in the United States.
According to estimates, Amazon's gross domestic product index in 2020 increased by 41% year on year to $ 316 billion. The Walmart GMV index rose 10 percent year-on-year to $ 439 billions.
Jp Morgan analysts Christopher Horror and Doug Anmot say:
"According to current estimates, it looks like Amazon could overtake Walmart to become the largest U.S. retailer in 2022."
According to these analysts, Amazon's attempt to enter large and somewhat pristine businesses has not been ineffective in this success. For example, with the retail market entering the food and clothing industry, Prime membership programs and the presence of third-party companies are some of the factors that have contributed to Amazon's success. For example, the number of Amazon Prime subscribers, which numbered about 150 million at the beginning of 2020, reached 200 million in April.
The Corona epidemic, on the other hand, allowed Amazon to experience better days. The quarantine and corona epidemic users purchased many of their necessities, from home appliances to groceries, through Amazon.
Jp Morgan estimates that Amazon was able to increase its market share in sales by about 39% by 2020. Amazon's market share in 2014 was about 24%.
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