Global online furniture market 2024-2028

Global Online Furniture Market 2024-2028

The online furniture market is forecasted to grow by USD 218.8 bn during 2023-2028, accelerating at a CAGR of 21.94% during the forecast period. The report on the online furniture market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing online spending and smartphone penetration, growth in global real estate industry, and evolving home and living concept.

Technavio's online furniture market is segmented as below:

By Application

• Online residential furniture
• Online commercial furniture

By Product

• Living room furniture
• Bedroom furniture
• Office furniture
• Kitchen furniture and others

By Geographical Landscape

• APAC
• North America
• Europe
• Middle East and Africa
• South America

This study identifies the mobile commerce and network marketing as one of the prime reasons driving the online furniture market growth during the next few years. Also, surge in innovative product design and digital marketing and social media campaigns for consumer engagement will lead to sizable demand in the market.

The report on the online furniture market covers the following areas:

• Online furniture market sizing
• Online furniture market forecast
• Online furniture market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading online furniture market vendors that include Ashley Global Retail LLC, Amazon.com Inc., Bassett Furniture Industries Inc., Bobs Discount Furniture LLC, Flipkart Internet Pvt. Ltd., Haverty Furniture Companies Inc., Hindware Home Innovation Ltd., HNI Corp., HSN Inc., Inter IKEA Holding B.V., LaZBoy Inc., MillerKnoll Inc., Otto GmbH and Co. KG, Pepperfry Pvt. Ltd., Pier 1 Imports Online Inc., Raymour and Flanigan Furniture and Mattresses, Reliance Industries Ltd., Steelcase Inc., Wayfair Inc., and Williams Sonoma Inc.. Also, the online furniture market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.