From the Big Box Boom to the Online Shopping Explosion: Emerging Trends in E-commerce Furniture
Posted on AllSides April 8th, 2024
From The Left
The estimated value of the global furniture market sat at $579 billion in 2023 and is poised to reach $873 billion by 2030. About 35% of this revenue is expected to come from online purchases, signaling a massive opportunity for digital furniture retailers. The global furniture market is rapidly changing in response to several factors. The total online US furniture market is projected to reach $41 billion by 2030, and younger generations are significantly influencing these shifts. Millions of millennials are preparing to purchase their first home. This generation enjoys...