Over the past five years, revenue from online office furniture sales has been growing at a CAGR of 6.9%, and is expected to reach $14.9 billion. Much of this growth has been due to the growth of e-commerce in general and individuals becoming more comfortable buying large items online. Ordering office furniture online makes it easier for consumers and businesses to view a wide selection of products, compare prices and arrange delivery. Traditional brick-and-mortar retailers, like Office Depot and Staples, have increasingly expanded their online presence and relied on e-commerce to grow. This has been especially true through the COVID-19 pandemic, with the industry performing well as many companies adopted work-from-home policies to help slow the spread of the virus. As a result, many consumers needed to purchase office furniture for their homes. This industry sells office furniture online. Products include desks, tables and seating. The industry does not include brick-and-mortar sales of office furniture. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.Fully furnished: An anticipated rise in corporate profit amid the recovery from the economic effects of the COVID-19 pandemic is expected to benefit the industry
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
- Industry Data
- Annual Change
- Key Ratios
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Staples Inc.
Methodology
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