The e-commerce furniture market size was valued at USD
New York, June 07, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “E-Commerce Furniture Market by Type, By Product Type, By Material Type, By End-Use and By Price Range – Opportunity Global Industry Analysis and Forecast 2022-2030” – https://www.reportlinker.com/p06272294/?utm_source=GNW
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 convenience. 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 décor and furniture in this region. In addition, the increasing focus on residential construction development and lifestyle change is expected to boost 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.
KEY MARKET SEGMENTS
• Furniture Market – By Type
• Furniture Market – By Product Type
o Beds and Mattresses
o Sofas and Armchairs
o Entertainment units
o Storage units
o Tables and desks
o Other furniture
• Furniture Market – By Material Type
o Wrapped panels
o Finished sheets
o Lacquered Panels
• Furniture Market – By End Use
• Furniture market – By price range
o High-end furniture
o Mid-range furniture
o Low-end furniture
• Furniture market – By geography
o North America
– Rest of Europe
– South Korea
– Rest of Asia-Pacific
o Right of way
– South Africa
– Saudi Arabia
– Remaining countries
Read the full report: https://www.reportlinker.com/p06272294/?utm_source=GNW
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