By default, Magento2 supports six product types. These are: Simple, Groped, Configurable, Virtual, Bundle and Downloadable products. To add a new product in a Magento 2 store, Login to Admin Panel – Products – Catalog – Add Product.
Simple : A simple product is a physical item with a single SKU.
So Simple products have a variety of pricing and of input controls which makes it possible to sell variations of the product. Simple products can be used in association with grouped, bundle, and configurable products. There are no options like size or color that the end user can pick during the order.
For example : a furniture/luggage/tea cup set.
Configurable : A configurable product appears to be a single product with lists of options for each variation. However, each option represents a separate, simple product with a distinct SKU, which makes it possible to track inventory for each variation. T-shirt that comes in three colors (red,white and blue) and three sizes (small,medium, large) is a configurable product.
For example : a bag comes in three colors and two sizes. In this example we will have a single Configurable product with two options: size and color; that ties six simple products:
small bag of red color, blue color, green color;
medium bag of red color, blue color, gree color.
Stock, price and other product attributes are managed on the simple product’s level with configurable product accounting for the initial price. Due to such behavior, Configurable products are often referred to as Parent products and corresponding simple products – Child products.
Grouped : A grouped product presents multiple, standalone products as a group. You can offer variations of a single product, or group them for a promotion. The products can be purchased separately, or as a group.
For example : a set of a cell phone, case and wireless charger. Grouped products come in handy for promotional purposes featuring related items. Say, customers may want to take advantage of the cell phone set’s special price than purchasing all three products separately.
Bundle : A bundle product let customers “build their own” from an assortment of options. The bundle could be a gift basket, computer, or anything else that can be customized. Each item in the bundle is a separate, standalone product.
For example : a personal computer system, a game console with an extra controller or a gift basket.
Virtual : Virtual products are not tangible products, and are typically used for products such as services, memberships, warranties, and subscriptions. Virtual products can be used in association with grouped and bundle products.
For example : paid subscriptions, services, insurance, etc
Downloadable : A digitally downloadable product that consists of one or more files that are downloaded. The files can reside on your server or be provided as URLs to any other server.
For example : Magento extensions, software, music files, eBooks, games, applications.
Gift Card : There are three kinds of gift cards: virtual gift cards which are sent by email, physical gift cards which are shipped to the recipient, and combined gift cards which are a combination of the two. Each has a unique code, that is redeemed during checkout. Gift cards can also be included in a grouped product.🙂 Happy Coding. Keep Liking & Sharing 💻