Here is a complete list of the pioneers of the furniture industry:<\/p>\n
- \n
- IKEA<\/li>\n
- CORT<\/li>\n
- Wayfair<\/li>\n
- Lulu and Georgia<\/li>\n
- Zinus<\/li>\n
- Amazon<\/li>\n
- Anthropologie<\/li>\n
- West Elm<\/li>\n
- One Kings Lane<\/li>\n
- Novogratz<\/li>\n
- World Market<\/li>\n
- Masco<\/li>\n
- La-Z-Boy<\/li>\n
- Ashley<\/li>\n
- Danube Group<\/li>\n
- 2XL Furniture and Home Decor<\/li>\n
- Royal Furniture<\/li>\n
- Linshimuye<\/li>\n
- Kuka Home<\/li>\n
- Suofeinuo<\/li>\n<\/ul>\n
<\/span>A Brief Look Upon Past<\/span><\/h2>\n
Let\u2019s know the status of the furniture industry a few years ago. In 2016, the furniture marketplace was not a common thing, most buyers researched furniture online prior to make a purchase. It wasn\u2019t difficult as 9 out of 10 furniture companies were having their website for showcasing their products. However, only 30% of those websites were having ecommerce capabilities. Things are changing. We have seen major growth in the furniture ecommerce industry.<\/p>\n
<\/span>Retail eCommerce Sales Growth by Product Category<\/span><\/h3>\n
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\n \nUS 2018<\/th>\n % change<\/th>\n<\/tr>\n<\/thead>\n \n Apparel & Accessories<\/td>\n 14.9%<\/td>\n<\/tr>\n \n Auto & Parts<\/td>\n 15.4%<\/td>\n<\/tr>\n \n Books Music and Video<\/td>\n 14.8%<\/td>\n<\/tr>\n \n Computer & Consumer Electronics<\/td>\n 15.1%<\/td>\n<\/tr>\n \n Food & Beverage<\/td>\n 18.5%<\/td>\n<\/tr>\n \n Furniture & Home Furnishings<\/td>\n 18.5%<\/td>\n<\/tr>\n \n Health, Personal Care & Beauty<\/td>\n 18.4%<\/td>\n<\/tr>\n \n Office Equipment & Supplies<\/td>\n 15.1%<\/td>\n<\/tr>\n \n Other Categories<\/td>\n 16.9%<\/td>\n<\/tr>\n \n Toys & Hobby<\/td>\n 16.1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n <\/span>Some of The Old Statistics are<\/span><\/h2>\n
- \n
- $26.7<\/strong> billion furniture ecommerce revenue reached $26.7 billion in the US in 2015<\/li>\n
- Made.com grew its sales by 63.4%<\/strong> to \u20ac42.8 million in 2014<\/li>\n
- 1 out of every 2 furniture searches happens on a mobile device<\/li>\n
- 47%<\/strong> of furniture shoppers purchased using a mobile device<\/li>\n
- 49%<\/strong> of online furniture purchases followed a non-branded query<\/li>\n
- 66%<\/strong> of in-store purchases accessed the internet while looking for information on furniture<\/li>\n
- 75%<\/strong> of upholstery buyers tapped online resources while 60% researched by visiting a brick-and-mortar store<\/li>\n
- Online furniture purchases were searched 14.2<\/strong> times prior to purchase<\/li>\n<\/ul>\n
<\/span>Even Social Media Was Also Playing a Big Role<\/span><\/h3>\n
- \n
- 86%<\/strong> of furniture stores are on social media<\/li>\n
- 45%<\/strong> of users said Pinterest aided a home product purchase decision<\/li>\n
- 88%<\/strong> of furniture brands market on Facebook<\/li>\n
- 60%<\/strong> of furniture brands use Pinterest and Twitter<\/li>\n
- Furniture stores devote 3%<\/strong> of their ad budget towards social media promotions<\/li>\n<\/ul>\n
<\/span>What are they buying online?<\/span><\/h3>\n
- \n
- 53%<\/strong> of customers say they would buy a sofa online<\/li>\n
- 80%<\/strong> of customers would buy a mattress online<\/li>\n
- Millennials plan to buy mirrors at a rate of 2 times<\/strong> greater than their presence in the population<\/li>\n<\/ul>\n
<\/span>What are The Stats of The Furniture eCommerce Industry Today?<\/span><\/h2>\n
Here are the amazing stats of the furniture ecommerce industry in 2020:<\/p>\n
- \n
- 8 out of 10<\/strong> consumers have bought furniture online<\/li>\n
- The furniture ecommerce industry represent a worldwide valuation of $200<\/strong> billion<\/li>\n
- Online sales represent over 90%<\/strong> of the growth in the industry overall<\/li>\n
- Nearly one-third of customers prefer to purchase furniture online<\/li>\n
- B2B sales in the furniture ecommerce industry make up 30%<\/strong>.<\/li>\n
- 16%<\/strong> of furniture and home goods sales are made online.<\/li>\n<\/ul>\n
From the stats, it clearly seems that B2B buyers are not indulged in the massive purchase of the furniture online, but 90% of them are using online channels as a purchase touchpoint. B2B organizations today are prioritizing online sales in the industry, and for good reason:<\/p>\n
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\n \nHERE ARE A FEW OF THE PRIORITIES B2B COMPANIES IN THE FURNITURE INDUSTRY HAVE INVESTED IN E-COMMERCE TO ACHIEVE:<\/th>\n<\/tr>\n<\/thead>\n \n TO IMPROVE THE CUSTOMER EXPERIENCE<\/td>\n 35%<\/td>\n<\/tr>\n \n TO DRIVE SALES<\/td>\n 51%<\/td>\n<\/tr>\n \n TO COMPETE IN NEW MARKETS AT HOME OR ABROAD<\/td>\n 24%<\/td>\n<\/tr>\n \n TO IMPROVE BUSINESS EFFICIENCY<\/td>\n 40%<\/td>\n<\/tr>\n \n TO IMPROVE SALES EFFICIENCY<\/td>\n 35%<\/td>\n<\/tr>\n \n TO ADAPT THE SUPPLY CHAIN TO DELIVER AGAINST SALES OBJECTIVES<\/td>\n 20%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n These stats can be new but they are not surprising. What is more surprising is the fact that the industries are not just achieving all of these goals. They are just inspired by these achievements to invest in ecommerce.<\/p>\n
Also Read: How To Develop Online Furniture Store & App – Cost & Features<\/a><\/h4>\n
Here\u2019s how the successful organizations fared<\/h4>\n
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\n \nE-COMMERCE OBJECTIVE REALIZED<\/th>\n % OF RESPONDENTS WHO SUCCEEDED IN DOING SO<\/th>\n<\/tr>\n<\/thead>\n \n IMPROVED THE CUSTOMER EXPERIENCE<\/td>\n 86%<\/td>\n<\/tr>\n \n INCREASED SALES<\/td>\n 92%<\/td>\n<\/tr>\n \n GAINED THE ABILITY TO COMPLETE IN NEW MARKETS<\/td>\n 83%<\/td>\n<\/tr>\n \n IMPROVED ORGANIZATIONAL EFFICIENCY<\/td>\n 85%<\/td>\n<\/tr>\n \n IMPROVED INTEGRATION AND\/OR WORKFLOW AUTOMATION<\/td>\n 86%<\/td>\n<\/tr>\n \n FREED UP SALES TEAMS TIME<\/td>\n 100%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n - The furniture ecommerce industry represent a worldwide valuation of $200<\/strong> billion<\/li>\n
- 80%<\/strong> of customers would buy a mattress online<\/li>\n
- 45%<\/strong> of users said Pinterest aided a home product purchase decision<\/li>\n
- Made.com grew its sales by 63.4%<\/strong> to \u20ac42.8 million in 2014<\/li>\n
- $26.7<\/strong> billion furniture ecommerce revenue reached $26.7 billion in the US in 2015<\/li>\n
![\"Get](\"\/blog\/wp-content\/uploads\/sites\/2\/2020\/04\/get-ecommerce-website.jpg\")
<\/a><\/p>\n