According to Ibis World, The Online Sofa Retail Market has grown strongly over the past five years. An improving economy combined with rising levels of consumer confidence has led to increased demand for industry services as expenditure on discretionary items increased.
Following the global recession in 2008, consumers became more value conscious. This supported growth in the industry, as consumers migrated online in search of bargains. The industry is in its infancy, meaning it started the period at a low base.
Over the past decade, online furniture retailing has lagged behind other areas of e-commerce, partly because furniture is relatively diﬃcult and expensive to deliver. However, this trend is gradually changing as operators’ logistics have improved. With the growth of this sector comes increased competition meaning companies must solidify their positions within the search engines to ensure a proﬁtable year ahead.
Your latest industry insights produced by Inside Online a leading SEO Company
Includes competitive insight into:
You can request a free no-obligation copy of any report and we'll email it straight to you. If you have a specific industry which we have not covered, please let us know.
We hate people who spam or sell your email address. It's safe with us. ICO Registration: ZA094207