digital trends in the danish furniture industry

16
In the Danish Furniture Industry

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Post on 14-Jun-2015

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Survey conducted as part of Marketing Management degree program showing the high level trends and attitudes towards the use of digital tools as part of sales and marketing within the furniture industry in Denmark

TRANSCRIPT

Page 1: Digital trends in the danish furniture industry

In the Danish Furniture Industry

Page 2: Digital trends in the danish furniture industry

This survey was conducted by Lisbet Hansen as part of her thesis

written for the Marketing Management degree at Copenhagen

Business Academy.

The purpose of the survey was to establish the attitude towards

digital tools as part of sales and marketing within the furniture

industry in Denmark.

The survey was designed in cooperation with LoveMyHome, a

specialist in online 3D product visualization.

Page 3: Digital trends in the danish furniture industry

o 156 companies were contacted

o 71 responses were received

o Not enough to determine anything with

statistical certainty

o But enough to give a good indication

of certain trends

Page 4: Digital trends in the danish furniture industry

Websites are a staple and

catalogues, both in physical and

digital form, are common, but

the use of more modern digital

mediums have not caught on

56%

15%

26%

1% 2% Website

Digital catalogues

Print catalogues

Smart phone app

Ipad/Android tablet app

Page 5: Digital trends in the danish furniture industry

yes

51%

no

13%

don't know

36%

51% declared they already

have plans to implement new

marketing channels.

Clearly furniture retailers are

ready to explore

new terrain.

83%

want to use Smartphone

apps

Page 6: Digital trends in the danish furniture industry

43%

15%

4%

4% 2%

2%

1%

1%

28% Facebook

LinkedIn

Twitter

Pinterest

Youtube

Instagram

Own Community

Blog

None

More untraditional

channels are

hard to find

28% is having none of it

Facebook is King

LinkedIn

Page 8: Digital trends in the danish furniture industry

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Product images

Only product images

Zoom function

Click for larger image

360 degree rotation

36% seem to feel static images are sufficient

Only 6% have 360 degree rotation Jeez hun, let’s

buy that sofa we

have only seen

from the front

Page 9: Digital trends in the danish furniture industry

On a scale from 1 to 5 how important is a visit to a physical store for a sale?

Retailers feel strongly

about their shops.

44% found a physical

store visit to be absolutely

important

11% found it not to be

necessary 0,00

0,05

0,10

0,15

0,20

0,25

0,30

0,35

0,40

0,45

1 =

Absolutely

important

2 3 4 5 = Not

necessary

Page 10: Digital trends in the danish furniture industry

No, that's

not for us

31%

Yes within

a year

38%

Yes but

not in near

future

31%

80% are businesses

20+ years old

All that modern

stuff. It will NEVER

work!

69% plan to get a

webshop at some

point

Page 11: Digital trends in the danish furniture industry

Admittedly most

wouldn’t dish out

on financial info,

the ones that did

are obviously

enjoying

ecommerce

32%

22%

28%

18%

More than 10%

Less than 1%

Between1-5%

Between 6-10%

Ka-Ching!!!

Page 12: Digital trends in the danish furniture industry

Sites with interactive tools had on average

twice the amount of online revenue

Can change colour on furniture

Can build modular furniture

Can design spaces online

Page 13: Digital trends in the danish furniture industry

78%

21%

1%

Yes, definitly

Maybe a bit

No only a bit

Pretty much everyone

agrees that online sale

will increase over the

next 5 years

Page 14: Digital trends in the danish furniture industry

35%

22%

20%

23%

Is e-commerce important to you?

72% Have experienced

online growth over

the past two years

Yes, it is very

important

No, actually not

Yes, it is among top 5 priorities

Yes, but not a

top priority

Maybe you

should

reconsider

that…

Just saying…

Page 15: Digital trends in the danish furniture industry

61% 35%

4%

How would you describe selling furniture online?

It’s difficult to

sell online

It’s easy to

sell online

It’s virtually impossible to

sell online Nobody said it

would be easy.

Just be smart and

do it right

That’s the spirit

Page 16: Digital trends in the danish furniture industry

For more information on how you can make

your webshop an online success with interactive 3D Product Visualization, please

visit www.lovemyhome/business