Global E-commerce Furniture Market (2022 to 2030) –
Dublin, April 06, 2022 (GLOBE NEWSWIRE) — The “E-Commerce Furniture Market by Type, By Product Type, By Material Type, By End-Use, And By Price Range – Global Opportunity Analysis and Industry Forecast 2022-2030” report has been added to from ResearchAndMarkets.com offer.
The E-commerce Furniture Market size was valued at USD 27.74 Billion in 2021 and is projected to reach USD 40.74 Billion by 2030 growing at a CAGR of 4.4% from 2022 to 2030.
Electronic commerce, also e-commerce, is a business platform that allows businesses and individuals to buy and sell goods and services over an electronic network, primarily the Internet. Over the past few years, furniture has become one of the fastest growing segments of the overall retail e-commerce industry. Furniture e-commerce includes the online marketplace, platform or store that sells furniture and home goods.
Market dynamics and trends
The success of furniture e-commerce platforms is mainly attributed to the fact that consumers are more inclined to purchase foldable, versatile and technology-driven furniture through e-commerce websites due to high discounts, comfort and trendy designs. Furniture sold on e-commerce sites may come assembled, be partially assembled, or require assembly upon arrival. These pieces of furniture can be larger items, including sofas, desks, and beds, as well as much smaller decorative items, such as throw pillows, light fixtures, and window treatments. The proliferation of online shopping, increasing smartphone penetration and growing real estate and hospitality sectors across the globe are the major factors expected to fuel the growth of the global furniture e-commerce market .
However, import and export restrictions and sudden supply chain disruptions are expected to restrain the market growth. On the other hand, increasing the number of collaborations between furniture manufacturers and e-commerce platforms to reach and attract more customers and generate new revenue streams. is expected to provide lucrative opportunities for the growth of the Global E-commerce Furniture Market.
Market segmentation and scope of the study
The global e-commerce furniture market is segmented on the basis of type, product type, material type, end-use, distribution channel, price range, and region. Based on type, the market is bifurcated into RTA and Non-RTA. By product type, it is segmented into Beds & Mattresses, Sofas & Armchairs, Entertainment Units, Storage Units, Tables & Desks, and Other Furniture.
Based on material type, the market is fragmented into plastic, wood, melamine, glass, steel, wrapped panels, finished sheets, laminates, and lacquered panels. Based on end use, the market is categorized into residential and commercial. By price range, it is divided into high-end furniture, mid-range furniture and low-end furniture. The geographic breakdown and analysis of each of the aforementioned segments includes regions including North America, Europe, Asia-Pacific, and ROW.
North America currently holds the lion’s share of the e-commerce furniture market and is expected to continue dominating the market over the forecast period. This is attributed to factors such as the increasing use of designer furniture incorporating new textures as well as high spending capacity and an increase in real estate sectors. In addition, rising demand for high-end and luxury furniture owing to growing disposable income of the populations and government investments for infrastructure development is fueling the growth of the e-commerce furniture market in this region.
However, Asia-Pacific is expected to show a steady increase in the e-commerce furniture market owing to the rapid growth of investment in home decor and furniture in this region. In addition, the increasing focus on residential construction development and lifestyle change is expected to drive the growth of the e-commerce furniture market in this region over the forecast period.
The e-commerce furniture market includes various players such as Ashley Furniture Industries, Inc., Bassett Furniture Industries Inc., Cymax Group Technologies Ltd., Inter Ikea Group, Kimball International, Inc., Godrej & Boyce Manufacturing Co., Ltd. , Hooker Furnishings Corporation, Kohler Company, HNI Corp., Steelcase Inc., Home Depot, Inc., Herman Miller Inc., Sleep Number Corporation, Wayfair Inc. and La-Z-Boy Incorporated.
The major players in the global E-commerce Furniture industry market have adopted various strategies such as product launch, product development, partnership, collaboration and agreements to influence the growth of the market. For example, in November 2020, Kimball International announced its intention to acquire a digital commercial furniture company named Poppin. Fast growing company Poppin designs fresh and smart commercial furniture that is essentially designed to fit and adapt to today’s modern office.
Main topics covered:
2. E-commerce Furniture Market – Executive Summary
4. Covid-19 Analysis
4.1. Covid-19 impact analysis
5. Market Share Analysis
5.1. Major E-commerce Furniture Vendors Market Share Analysis, 2021
6. Global E-commerce Furniture Market, By Type
7. Global E-commerce Furniture Market, By Product Type
7.2. Beds and Mattresses
7.3. Sofas and Armchairs
7.4. entertainment units
7.5. Storage units
7.6. Tables and Desks
7.7. Other furniture
8. Global E-commerce Furniture Market, By Material Type
8.7. Wrapped panels
8.8. Finished sheets
8.10. Lacquered Panels
9. Global E-commerce Furniture Market, By End Use
10. Global E-commerce Furniture Market, By Price Range
10.2. High-end price furniture
10.3. Mid-Range Furniture
10.4. Low-end furniture
11. Global E-commerce Furniture Market, By Region
11.2. North America
11.4. Asia Pacific
11.5. Rest of the world
12. Company Profiles
12.1. Ashley Furniture Industries, Inc.
12.2. Bassett Furniture Industries Inc.
12.3. Cymax Technologies Group Ltd.
12.4. Ikea Inter Group
12.5. Kimball International, Inc.
12.6. Godrej & Boyce Manufacturing Co. Ltd.
12.7. prostitute furniture
12.8. Hni Corp.
12.9. Steelcase Inc.
12.10. Home Depot, Inc.
12.11. Herman Miller Inc.
12.12. Sleep Number Society
12.13. Wayfair Inc.
12.14. La-Z-Boy Incorporated
For more information on this report, visit https://www.researchandmarkets.com/r/xt5w0e