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Market Trend
According to data from Statista, the global market share of outdoor furniture has continued to grow in recent years. The outdoor furniture market is estimated to be worth $17 billion in 2020 and is expected to reach $22.9 billion by 2027.
In 2020, the market value of outdoor furniture in the United States is about 9.06 billion DOLLARS, and is expected to reach 9.637 billion dollars in 2023.
Before COVID-19, the global home & garden e-commerce channel sales of outdoor furniture had been growing steadily. While North America led the way with an 11% share in 2019, Europe and Australia grew at a stronger rate in 2018 and 2019.
In the wake of the epidemic, consumer shopping channels have shifted.
Although the performance of global home & garden e-commerce channels in 2019 was not as good as in the past, the epidemic in 2020 caused a significant shift in shopping channels. Global e-commerce is expected to grow by 16.5%. About 2.26 billion people worldwide became online buyers in 2020, up 6.9% from 2019.
Us e-commerce sales of furniture & household products
According to a survey by Statista2020, the e-commerce sales of Furniture & household products in the United States will increase year by year during 2017-2024, with a growth rate of 6.7% in 2020, and it is expected that the growth rate in 2021 will reach the highest value in only 8 years, with a growth rate of about 7.3%.
Proportion of furniture & furniture products in total retail sales by e-commerce in 2020 (Top12 countries)
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Privacy statement: Your privacy is very important to Us. Our company promises not to disclose your personal information to any external company with out your explicit permission.