Residential Artificial Flower Retail Market Industry Analysis 2020
The high penetration of smartphones and internet will be one of the major drivers in the global residential artificial flower retail market. The world has witnessed significant growth in the usage of internet and smartphones in past few years. This has provided vendors with the opportunity to expand their consumer base and target audience using their online presence. Consumers are more likely to use online retail portals for purchasing products such as artificial flowers. This is due to the fact that online retailers offer security features for online payments, improved online customer service, free delivery options, and easy-to-navigate shopping websites which offer a lot of variety in terms of products.
As per Technavio, the increasing trend for interior designing, will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Residential Artificial Flower Retail Market: Segmentation Analysis
This market research report segments the global residential artificial flower retail market by distribution channel (offline and online) and geographical regions (Americas, APAC, and EMEA).
The Americas led the market share in 2018, followed by EMEA and APAC respectively. During the forecast period, the Americas is expected to maintain its dominance over the global market. This is due to the high cost of natural flowers in the region.
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