The global furniture & appliance market is projected to grow from the 236.3 billion U.S. dollars in 2018 to some 449.5 billion U.S. dollars in 2025. The global furniture market included sales derived from the furniture e-commerce market as well.
China led the furniture & appliances e-commerce market with a revenue of 133.26 billion U.S. dollars in 2020 followed by the US, Japan, the UK, and Germany. The revenue posted by the Chinese furniture & appliance e-commerce market is projected to grow driven by factors such as increasing urbanization and rising disposable income of the Chinese consumers.
Sustainability and 3D printing to drive the growth of the furniture market
With consumers across the globe becoming more environmentally conscious, more stress is being placed on sustainable product items. This trend towards sustainability pervades different levels of daily life and is also illustrated in furniture purchases. Besides, the customers are increasingly looking for more customized furniture products which in turn is promoting new production techniques such as 3D printing. In addition to refining new production techniques, vendors are also integrating their physical outlets with digital channels to improve the furniture sales.
Expected Furniture & Appliances e-commerce revenue in selected countries worldwide* in 2020
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The e-commerce Furniture & Appliances market includes the sale of physical goods via a digital channel to a private end user (B2C). This comprises purchases via desktop computer (including notebooks and laptops) as well as purchases via mobile devices such as smartphones and tablets. The main sales channels are cross-brand online mail order companies and the online shops of individual companies. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
The exact definition of the Furniture & Appliances market can be found here. Information on the methodology can be found under the link.
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Statista. (November 15, 2020). Expected Furniture & Appliances e-commerce revenue in selected countries worldwide* in 2020 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 21, 2022, from https://www.statista.com/forecasts/481382/e-commerce-revenue-comparison-furniture-and-appliances
Statista. "Expected Furniture & Appliances e-commerce revenue in selected countries worldwide* in 2020 (in billion U.S. dollars)." Chart. November 15, 2020. Statista. Accessed May 21, 2022. https://www.statista.com/forecasts/481382/e-commerce-revenue-comparison-furniture-and-appliances
Statista. (2020). Expected Furniture & Appliances e-commerce revenue in selected countries worldwide* in 2020 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 21, 2022. https://www.statista.com/forecasts/481382/e-commerce-revenue-comparison-furniture-and-appliances
Statista. "Expected Furniture & Appliances E-commerce Revenue in Selected Countries Worldwide* in 2020 (in Billion U.S. Dollars)." Statista, Statista Inc., 15 Nov 2020, https://www.statista.com/forecasts/481382/e-commerce-revenue-comparison-furniture-and-appliances
Statista, Expected Furniture & Appliances e-commerce revenue in selected countries worldwide* in 2020 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/481382/e-commerce-revenue-comparison-furniture-and-appliances (last visited May 21, 2022)