Market
of furniture is growing rapidly with the increase in the urban population and
more development in the technology of internet. Moreover, the e-retailers in
India is growing and playing a significant role and making the market more
innovative. In the recent trend, it is expected that the Indian online retail
market is condemned to gross around USD 15 billion. Whereas, furniture as an
online commodity has a certain specific set of problems such as problem of
warehousing of pre-made furniture products and others. On the other hand,
manufactures can expand their geographical presence with the help of online
retailing, and the consumers can make better purchase decision by referring to
the reviews online. Online retailers have helped the customers, vendors and
other players of this market to indulge in the trade with the much convenient
and easier way. Therefore, the major portion of this market is enjoyed by
online furniture retailers. According to the report analysis, ‘Furniture
Market Research Reports’ suggests that changing lifestyle is one of the
more prevailing factor which the lead the growth to this market.
Major
portion of the population is becoming more technology orientated and the
furniture industry is being shaped by new technology for comfort and ease of
use. E-commerce furniture industries leading the significant growth to this
market and now furniture makers are not just bearing how comfortable a chair is
but how easy it is to use technology while sitting on that chair. With the wide
usage of power of virtual reality the number of store are trying out this
internet technology and shopping for furniture is becoming even easier as time
moves on. According to the report analysis, ‘Market
Research Report for Furniture’ suggests that the internet technology is
changing the industry of furniture across the globe and unsurprisingly it is
going meet the needs of the modern population. In the developed countries the
internet technology is prominent across the population and make the furniture
industry more profitable as the buyer can buy any type of verified and secured
furniture online at a reasonable cost rather than the offline market with the
warranty of the product and other facilities such as free delivery and others.
In
the North America it is expected that the industry of furniture is becoming
more innovative and lead to significant growth with the expansion of business
online whereas, Europe is dominating the huge market share in the furniture
industry and plays a significant role in the smart furniture market. Not only
has this, Asia Pacific region is also playing significant role followed by rest
of the world in this industry. Moreover, both developed and developing
countries are doing efficient innovations in the internet which make the site
of online retailers more attractive and helpful in increasing their sells.
Carlo
Ratti, Tabula Sense, Kamarq Holdng, Ori Systems, Ikea Group, Fonesalesman,
Herman Miller, Inc, Milano Smart Living and others are major players of this
industry whereas, Seebo Interactive Ltd., Ori systems are the major leading
players in this market who are dominating the huge share in this market followed
by Herman Miller, Inc. Moreover, many of the companies are collaborating with
the Flipkart and Amazon for selling their furniture products online which make
the online market of furniture more competitive as the existence of numerous
online players. Therefore, it is expected that the furniture industry will grow
significantly in the coming years over the decades with more innovations in the
applications of online apps and sites.
For more information, click on the
link below:
Contact Us:
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91
9015378249
No comments:
Post a Comment