Furniture E-commerce: Future of Furniture Industry

Yourretailcoachae05 Dec, 2022Business

The furniture retailers globally clocked a 545.78-billion-dollar business turnover across the world in 2020 (about 42 billion dollars were contributed by the eCommerce furniture Industry). From 2021 to 2027, the overall industry is expected to grow by a CAGR of 5.4%, turning into a 785-billion-dollar industry by 2021. Out of this, 785- 647 billion dollars are expected to be driven by the predominant traditional route. While the e-commerce channel would contribute around 138 billion dollars. The e-commerce segment of the furniture industry is expected to grow at a CAGR of about 20%