Luckily, many of those statistics can be found free of charge, so we’ve collected 24 of essentially the most attention-grabbing ones right here. The Indian residence furniture market, valued at US$ 19 billion in 2022, is a big worth driver in the client phase. The market is anticipated to succeed in US$ 34 billion by 2028, registering a CAGR of ~10 percent. The category is basically unorganised, with the organised sector contributing 21 p.c (US$ 3.9 bn) to the market. By 2028, the organised sector’s share is projected to extend two times to succeed in US$ 8.1 billion.
- Make sure your online purchasing and checkout experience is easy and intuitive or you’ll lose gross sales.
- In truth, it’s likely that online retailers will lose $48 billion to e-commerce fraud in 2023.
- Other retail sectors, corresponding to clothing, were hit onerous during last 12 months’s preliminary lockdowns, but just lately staged a recovery.
- Inspector-General of Police Datuk Seri Acryl Sani Abdullah Sani stated the rise of the net buying market has been matched by scams involving online purchases.
- Conducted in September final 12 months, the research of 1,000 Singaporeans aged 18 to 65 discovered that buyers are extra inclined to shop at online destinations similar to large marketplaces , local businesses and home-based companies .
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Ecommerce Channels See 25% Progress In Buy Volumes Throughout Diwali Season: Report
There are also live chat apps you presumably can install to make help even more accessible to buyers. A constant aspect ratio ensures that all your photographs seem the same measurement. This creates a cleaner, extra skilled look whenever you create your online retailer Online Shop News. This is what prospects will see as they browse your store and what is going to help them discover what they’re looking for in your catalog. Try to maintain it short and use your product description or variants to floor different particular information or product choices, corresponding to colours or sizes.