Online Household Furniture Sales in the US - Industry Market Research Report

Refreshed space: Stagnant homeownership rates will slow industry revenue growth

The Online Household Furniture Sales industry has grown rapidly over the past five years. The continued growth of internet access has increased the popularity of online shopping, as consumers increasingly turn to the internet for convenience and often discounted pricing. The proportion of total retail sales made online has grown each year during the period as the number of broadband connections and e-commerce sales have both increased at a rapid pace. These factors have led online sales of furniture to outperform traditional brick-and-mortar furniture sales over the past five years. As disposable income levels and consumer confidence continue to trend higher, individuals continued to release pent-up demand for new furniture. Over the past five years, industry revenue is expected to grow at a CAGR of 13.7% to $78.4 billion, including an estimated increase of 2.2% in 2023 alone. This industry includes companies that retail a range of indoor and outdoor home furniture, such as sofas, beds, tables and chairs, via the internet. Home decor is not included in this industry. Industry goods are typically purchased from manufacturers and wholesalers and then sold to the public online. 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.