The scale of cross-border transactions in the furniture market will increase by 15% in 2025 - One
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The scale of cross-border transactions in the furniture market will increase by 15% in 2025 - One

Views: 0     Author: Site Editor     Publish Time: 2023-07-17      Origin: Site

With the prosperity of cross-border e-commerce in recent years, the real estate industry around the world has gradually picked up. Compared with the previous export of small items, furniture has also become a business opportunity that sellers focus on.

According to the data, among the countries that mainly produce and consume furniture in the world, the proportion of my country's self-produced and self-sold products is as high as 98%.

According to the data released by the General Administration of Customs, the export value of furniture and building materials in the first half of this year was 226.47 billion US dollars, a year-on-year increase of 0.2%; the export value of ceramic-related products was 94.13 billion yuan, a year-on-year increase of 9.3%; lamps and lighting exports The amount was 140.13 billion yuan, a year-on-year increase of 1%.

At present, the policy support for cross-border e-commerce is increasing day by day, and the environment for cross-border going overseas is becoming more and more mature. More and more Chinese brands are taking advantage of the "policy wind" of cross-border e-commerce to go overseas.

With the spread of the global epidemic in 2020, consumers' shopping patterns have undergone tremendous changes. It can be said that this change has forced the furniture industry to make changes, and it has increased online profit margins for cross-border sellers.

At present, Europe and the United States are still the main operating markets for cross-border sellers. Major e-commerce platforms including Wayfair, Amazon, IKEA, Lowe's, and Home Depot will account for 30% of the total sales of furniture products in 2021. .

In the future, with the emergence of new styles and new products, the furniture market will become increasingly prosperous, and of course the competition will become more intense.

According to the data shared by Euromonitor, in the market value of global consumer goods from 2013 to 2033, furniture and gardening ranked fourth.

In 2021, the sales volume of furniture and household appliances in the US market will be 85.3 billion US dollars, and the market size is expected to increase by 15% to 98.3 billion US dollars by 2025.

By 2027, the size of the global furniture market is expected to reach 650.7 billion US dollars, an increase of 140.9 billion US dollars compared with 2020, an increase of 27.64%.

Compared with clothing, shoes and hats and other e-commerce hot-selling products, furniture is currently one of the traditional industries least affected by e-commerce.

To be continued

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