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The furniture industry has experienced continual growth despite the impacts of the COVID-19 pandemic. So, if you require furniture ecommerce services or looking forward to choosing a professional furniture web development company, then you should first be well aware of top furniture ecommerce trends. We have dedicated this comprehensive blog post to talk about this in detail. By the end of this guide, you will get a much better understanding. So, let's dig in:
Top Furniture Ecommerce Trends in 2024
Now, let's have a quick look at the latest furniture ecommerce trends that one should be well aware of:
- Virtual Reality and Augmented Reality
One of the biggest problems that most furniture shoppers are likely to encounter is that they cannot visualize how a specific item would appear in their house or fit in with the existing décor. Due to this, many potential customers back themselves from actually making a purchase. They want to view the products in person. Here comes the role of AR and VR. With the aid of AR technology, customers can get an actual visualization in the form of a 3D model. They can clearly understand how their favorite products appear in their space. This way, they can get a better understanding, and the best part is that they do not have to leave their homes for this. As a result, it offers them a virtual try-before-you-buy" experience, which can be called one of the most significant advancements in the history of this ecommerce sector.
Research studies show that 66 percent of consumers are keen to leverage AR in their online shopping experience. Since the pandemic, the adoption rate of online furniture retailers has been growing. Also, the chances of conversion have increased by leaps and bounds for those who establish engagement with AR. You can contact a reputed furniture web development company offering cutting-edge furniture e-commerce services to learn more.
- Buy Now Pay Later
Do you know that 32 percent of Gen Zs and 43 percent of millennials are highly concerned about their financial debt? For this specific reason, they mostly hesitate to use credit cards for making large purchases. They are much more comfortable with making payments on larger expenses. BNPL, or "Buy Now Pay Later," has emerged as an alternative payment option that is quickly gaining recognition, especially among online shoppers. It is known as a sort of short-term financing that involves splitting the overall cost of a product into multiple installments. In this case, customers need to make a small initial down payment and pay the rest of the amount in a series of fixed installments, which are mostly interest-free.
When compared to credit cards, BNPLs are approved faster and avoid accumulating debt. As a result, it allows customers to make frequent purchases with increased confidence. Since the implementation of BNPL, 50 percent of businesses report heightened online sales. Currently, multiple furniture stores have started leveraging this scheme. Other than BNPL, many furniture ecommerce websites provide online financing options with a 0 percent interest rate for a fixed term, i.e., 6, 12, 18 months, etc. This option is beneficial for customers who can settle their loans within a specified time frame. But if they fail to do so, it may lead to accrued interest. Make sure to contact the best furniture web design company to learn more.
- Customization of Product
It is important to note that 52 percent of customers expect customized engagement from brands. However, for ecommerce retailers, personalization or customization extends far beyond addressing customers by their names in emails. Presently, online shoppers prefer customized products to cater to their liking and tastes. Due to this specific reason, many online furniture stores these days are involved in providing product customization options for customers. Most of them are focused on providing a diverse range of color alternatives for a single product. Some of them even let customers select from distinct materials and finishes.
Meanwhile, others extend their offerings to include custom fillings for pillows. If you need any assistance with anything related, you can consider choosing a reputed furniture ecommerce website design agency. They are dedicated to offering best-in-class furniture ecommerce services.
- Furniture on Loan
Some of the companies are even involved in offering subscription plans. Customers tend to pay a fraction of the retail price for accessing a specific product without the obligation of interest or loans. They can even choose to return it, exchange it for another item, or decide to own it whenever they desire. To come up with the best furniture websites, you can hire an agency dedicated to offering best-in-class furniture ecommerce website design services.
- Modular Furniture
Since the pandemic, homes have been serving as both residences and offices. So, there has been a considerable rise in the demand for modular furniture. From the year 2016 to 2021, this industry has experienced a compound annual growth rate of 15 percent. Many reasons contribute to its popularity. It includes the following:
- These pre-made furniture units can be combined in different configurations to suit small or irregularly shaped spaces.
- Customers can choose to customize their furniture so that it matches their design preferences. They can even mix and match pieces to create any type of space they want.
- Modular furniture is more eco-friendly when compared to other types. This is especially true because they are often manufactured from recycled materials using a less wasteful manufacturing procedure.
- Due to its functionality, one can save long-term on costs with modular furniture.
So, because of the continuously rising popularity of modular furniture, many retailers are involved in offering furniture as blocks or modules that go together. Also, these tend to provide flexibility to customers so that they design their pieces. Modular furniture is also known for effectively streamlining retailers' inventory and supply chain management by providing them with many choices. The best part is that they do not have to invest in multiple designs. This standardization allows them to expand into manufacturing different types of furniture, from outdoor furniture to dining room furniture pieces. It helps in simplifying inventory management. For best outcomes, you can consider choosing furniture web design solutions.
In a Nutshell
Thus, to build a thriving furniture ecommerce business, you must essentially focus on offering outstanding experiences to shoppers. All you need is to engage them creatively in the selection and purchasing procedure. Other things that you should do involve offering expert guidance, live support, and interactive tools that allow them to design their dream spaces effectively. Also, you should opt for the assistance of a professional furniture web development company to reap the best benefits from it. For more details, consider getting in touch with them today!
Contact Info:
Name: Harshal Shah
Email: Send Email
Organization: Elsner Technologies Pvt. Ltd.
Address: 405 Pennsylvania Common, Fremont, CA 94536, United States
Phone: +1 (607) 524-4040
Website: https://www.elsner.com/services/ecommerce-development/
Release ID: 89128076
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