OFF-THE-SHELF SECOND HAND FURNITURE MARKET - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The market is growing rapidly due to the rising availability of second-hand furniture products across both online and offline channels. Consumers are adopting various furniture designs which are able to meet their needs.
Key HighlightsThe Off-the-Shelf Second Hand Furniture Market is segmented into the distribution channel which is further segmented into online and offline, out of which, the offline segment with a larger market share in 2017 is anticipated to have the largest share during the forecast period. However, on the rise of an increasing number of smartphone users and increasing penetration of the internet users, the market share for the online segment is expected to grow at a higher rate over the forecast period.
Asia-Pacific is Expected to Witness the Highest GrowthThe Off-the-Shelf Second Hand Furniture Market is segmented by regions into North America, South America, Europe, Asia-Pacific and the Middle East and Africa. The Asia Pacific is expected to account for a larger share in terms of revenue during the forecast period. The increasing size of the online marketplace for second-hand goods is anticipated to drive the growth of the Asia Pacific regional market. Additionally, ease of accessibility, availability of a large variant of products coupled with comparatively low cost of second-hand furniture is anticipated to drive the growth market in the region during the forecast period. Countries such as China, Japan, and India have the most prominent market in the region.
Competitive LandscapeThe report covers major international players operating in the Off-the-Shelf Second Hand Furniture Market. The India mattresses market is domestically dominated by players such as IKEA, Beveraly Hills Chairs, Steelcase, London Aerons, and others. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.
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