Impacts of Technology on Furniture: In 2018, the revenue for worldwide furniture and appliance eCommerce was $258 billion. By 2022, it is projected to grow to $394 billion. Those figures were obviously derived pre-Covid 19; the projected figure for 2022 is likely far greater due to the mass adoption of online shopping by a wider demographic globally.
So, as a result, furniture store owners need to be cognizant that online shopping is here to stay. And they must build the online shopper’s needs into their plans. Of course, there will also always be a place for the physical in-store shopper. So retailers need to be mindful to incorporate both.
However, it’s clear for retailers that they need to realign their strategies and include technology angles to promote their furniture to make the buying/browsing experience as immersive as possible.
Impacts of Technology on Furniture
Furniture and interior shopping would have largely been seen as widely traditional. Still, with the advent of tech’ such as augmented reality, furniture enthusiasts can even “try out” furniture and décor before they purchase. These types of technologies are widely available using people’s smartphones and tablets. It is hugely accessible to the public and does not at all require any device purchase to use. The ubiquity of smartphones and other devices heralds more diverse needs in terms of things like charging points within furniture, which brings a new focus on the change required in furniture design based on consumer needs.
It is important to reiterate that despite all the adoption of online. There will always be a cohort of people who still desire to walk through a physical furniture store to fulfill their final purchase. That said, there is no reason why both online and offline worlds can’t co-exist. So furniture store owners then need to focus on tech in-store to make the experience even more immersive. Impacts of Technology on Furniture.
The guys at EZ Living have put together this infographic that outlines everything you need to know about the impact of technology on furniture purchasing and stores themselves. It highlights some key stats in the niche; it indicates how tech has impacted directly furniture; it details some expert opinions plus lots more! Check out the full infographic below for all the details.
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