The e-commerce furniture market size has grown strongly in recent years. It will grow from $32.21 billion in 2023 to $34.6 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to a shift toward online shopping, changes in regulations, fluctuations in disposable income, aging populations, and changing household structures.
The e-commerce furniture market size is expected to see strong growth in the next few years. It will grow to $46.8 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The anticipated growth in the forecast period can be attributed to the expansion of mobile commerce, increasing consumer awareness about eco-friendly materials, personalized product trends, the globalization of supply chains, and strategic partnerships. Major trends expected during this period include a focus on sustainable and eco-friendly furniture options, the continued expansion of e-commerce platforms, the adoption of omnichannel retailing strategies, and the integration of augmented reality (AR) and virtual reality (VR) technologies.
The e-commerce furniture market is poised for growth driven by the widespread adoption of smartphones. Smartphones are portable electronic devices designed primarily for communication, internet access, and various applications. Their popularity is rising due to factors such as convenience, versatility, access to Internet services, and the abundance of apps. E-commerce furniture retailers have optimized their websites and developed mobile apps to offer seamless browsing and purchasing experiences on smartphones and tablets. For example, in April 2022, Vietnam's Department of Telecommunications reported 91.3 million smartphone subscribers in 2021, increasing to 93.5 million by March 2022, representing 73.5% of the nation's adult population. This surge in smartphone usage is driving the growth of the e-commerce furniture market.
Leading companies in the e-commerce furniture market are incorporating AI-powered interactive design experiences for their customers to improve the online shopping journey and stay competitive. AI-powered interactive design experiences can transform the online furniture shopping experience significantly. Through AI algorithms, customers can engage in virtual room planning, visualizing how different furniture pieces would appear and fit into their living spaces. For instance, IKEA launched IKEA Kreativ in June 2022, an AI-powered interactive design experience available on IKEA.com and the IKEA app. It enables U.S. customers to digitally design and visualize their living spaces using digitalized smartphone furniture, employing spatial computing, machine learning, and 3D mixed-reality technologies for accurate interior design simulations. Users can select pre-furnished showrooms or design their spaces, removing existing furniture for a fresh start.
In June 2023, HNI Corporation acquired Kimball International Inc., aiming to combine their strengths in workplace, health, and hospitality furnishings and establish market leadership. Kimball International is a US-based omnichannel commercial furnishings company.
Major companies operating in the e-commerce furniture market are Walmart Inc., Amazon.com Inc., The Home Depot Inc., JD.com Inc., Lowe's Companies Inc., Inter IKEA Systems B.V., Coupang Corp., Wayfair Inc., Anthropologie LLC, Ashley Furniture Industries Inc., Steelcase Inc., HNI Corporation, Dunelm Group plc, La-Z-Boy Incorporated, Knoll Inc., Ethan Allen Interiors Inc, Westwing, Hooker Furniture Corporation, Cdiscount.com Inc., Bassett Furniture Industries Inc., CB2, Hayneedle Inc., Cymax Group, Tmall.com, Bygghemma Group First AB.
North America was the largest region in the e-commerce furniture market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the e-commerce furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the e-commerce furniture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
E-commerce furniture refers to the online buying and selling of furniture products through electronic platforms such as websites, mobile apps, and online marketplaces. This enables customers to browse a wide range of furniture items, make purchases, and have them delivered to their homes without visiting physical stores. E-commerce platforms offer several advantages, including convenience, a diverse selection of products, competitive pricing, and the ability to compare prices and features easily.
The primary types of e-commerce furniture include ready-to-assemble (RTA) and assembled furniture. Ready-to-assemble (RTA) furniture items are shipped unassembled in flat boxes and require assembly by the end-user using basic tools such as a screwdriver or hammer. These products include beds and mattresses, sofas and armchairs, entertainment units, storage units, tables and desks, among others. They are available in various materials such as wood, metal, plastic, leather, and glass, catering to residential, commercial, and industrial customers.
The e-commerce furniture market research report is one of a series of new reports that provides E-commerce furniture market statistics, including the E-commerce furniture industry global market size, regional shares, competitors with E-commerce furniture market share, detailed E-commerce furniture market segments, market trends, and opportunities, and any further data you may need to thrive in the E-commerce furniture industry. This E-commerce furniture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The e-commerce furniture market consists of sales of complete furniture sets, individual furniture pieces, furniture accessories, and decor sold through online platforms. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The e-commerce furniture market size is expected to see strong growth in the next few years. It will grow to $46.8 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The anticipated growth in the forecast period can be attributed to the expansion of mobile commerce, increasing consumer awareness about eco-friendly materials, personalized product trends, the globalization of supply chains, and strategic partnerships. Major trends expected during this period include a focus on sustainable and eco-friendly furniture options, the continued expansion of e-commerce platforms, the adoption of omnichannel retailing strategies, and the integration of augmented reality (AR) and virtual reality (VR) technologies.
The e-commerce furniture market is poised for growth driven by the widespread adoption of smartphones. Smartphones are portable electronic devices designed primarily for communication, internet access, and various applications. Their popularity is rising due to factors such as convenience, versatility, access to Internet services, and the abundance of apps. E-commerce furniture retailers have optimized their websites and developed mobile apps to offer seamless browsing and purchasing experiences on smartphones and tablets. For example, in April 2022, Vietnam's Department of Telecommunications reported 91.3 million smartphone subscribers in 2021, increasing to 93.5 million by March 2022, representing 73.5% of the nation's adult population. This surge in smartphone usage is driving the growth of the e-commerce furniture market.
Leading companies in the e-commerce furniture market are incorporating AI-powered interactive design experiences for their customers to improve the online shopping journey and stay competitive. AI-powered interactive design experiences can transform the online furniture shopping experience significantly. Through AI algorithms, customers can engage in virtual room planning, visualizing how different furniture pieces would appear and fit into their living spaces. For instance, IKEA launched IKEA Kreativ in June 2022, an AI-powered interactive design experience available on IKEA.com and the IKEA app. It enables U.S. customers to digitally design and visualize their living spaces using digitalized smartphone furniture, employing spatial computing, machine learning, and 3D mixed-reality technologies for accurate interior design simulations. Users can select pre-furnished showrooms or design their spaces, removing existing furniture for a fresh start.
In June 2023, HNI Corporation acquired Kimball International Inc., aiming to combine their strengths in workplace, health, and hospitality furnishings and establish market leadership. Kimball International is a US-based omnichannel commercial furnishings company.
Major companies operating in the e-commerce furniture market are Walmart Inc., Amazon.com Inc., The Home Depot Inc., JD.com Inc., Lowe's Companies Inc., Inter IKEA Systems B.V., Coupang Corp., Wayfair Inc., Anthropologie LLC, Ashley Furniture Industries Inc., Steelcase Inc., HNI Corporation, Dunelm Group plc, La-Z-Boy Incorporated, Knoll Inc., Ethan Allen Interiors Inc, Westwing, Hooker Furniture Corporation, Cdiscount.com Inc., Bassett Furniture Industries Inc., CB2, Hayneedle Inc., Cymax Group, Tmall.com, Bygghemma Group First AB.
North America was the largest region in the e-commerce furniture market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the e-commerce furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the e-commerce furniture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
E-commerce furniture refers to the online buying and selling of furniture products through electronic platforms such as websites, mobile apps, and online marketplaces. This enables customers to browse a wide range of furniture items, make purchases, and have them delivered to their homes without visiting physical stores. E-commerce platforms offer several advantages, including convenience, a diverse selection of products, competitive pricing, and the ability to compare prices and features easily.
The primary types of e-commerce furniture include ready-to-assemble (RTA) and assembled furniture. Ready-to-assemble (RTA) furniture items are shipped unassembled in flat boxes and require assembly by the end-user using basic tools such as a screwdriver or hammer. These products include beds and mattresses, sofas and armchairs, entertainment units, storage units, tables and desks, among others. They are available in various materials such as wood, metal, plastic, leather, and glass, catering to residential, commercial, and industrial customers.
The e-commerce furniture market research report is one of a series of new reports that provides E-commerce furniture market statistics, including the E-commerce furniture industry global market size, regional shares, competitors with E-commerce furniture market share, detailed E-commerce furniture market segments, market trends, and opportunities, and any further data you may need to thrive in the E-commerce furniture industry. This E-commerce furniture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The e-commerce furniture market consists of sales of complete furniture sets, individual furniture pieces, furniture accessories, and decor sold through online platforms. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. E-Commerce Furniture Market Characteristics3. E-Commerce Furniture Market Trends and Strategies32. Global E-Commerce Furniture Market Competitive Benchmarking33. Global E-Commerce Furniture Market Competitive Dashboard34. Key Mergers and Acquisitions in the E-Commerce Furniture Market
4. E-Commerce Furniture Market - Macro Economic Scenario
5. Global E-Commerce Furniture Market Size and Growth
6. E-Commerce Furniture Market Segmentation
7. E-Commerce Furniture Market Regional and Country Analysis
8. Asia-Pacific E-Commerce Furniture Market
9. China E-Commerce Furniture Market
10. India E-Commerce Furniture Market
11. Japan E-Commerce Furniture Market
12. Australia E-Commerce Furniture Market
13. Indonesia E-Commerce Furniture Market
14. South Korea E-Commerce Furniture Market
15. Western Europe E-Commerce Furniture Market
16. UK E-Commerce Furniture Market
17. Germany E-Commerce Furniture Market
18. France E-Commerce Furniture Market
19. Italy E-Commerce Furniture Market
20. Spain E-Commerce Furniture Market
21. Eastern Europe E-Commerce Furniture Market
22. Russia E-Commerce Furniture Market
23. North America E-Commerce Furniture Market
24. USA E-Commerce Furniture Market
25. Canada E-Commerce Furniture Market
26. South America E-Commerce Furniture Market
27. Brazil E-Commerce Furniture Market
28. Middle East E-Commerce Furniture Market
29. Africa E-Commerce Furniture Market
30. E-Commerce Furniture Market Competitive Landscape and Company Profiles
31. E-Commerce Furniture Market Other Major and Innovative Companies
35. E-Commerce Furniture Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
E-Commerce Furniture Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on e-commerce furniture market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
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- Benchmark performance against key competitors.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for e-commerce furniture ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The e-commerce furniture market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Ready-to-Assemble (RTA); Assembled2) by Product Type: Beds and Mattresses; Sofas and Armchairs; Entertainment Units; Storage Units; Tables and Desks; Other E-Commerce Furniture
3) by Material Type: Wooden E-Commerce Furniture; Metal E-Commerce Furniture; Plastic E-Commerce Furniture; Leather E-Commerce Furniture; Glass E-Commerce Furniture
4) by End Use: Residential; Commercial; Industrial
Key Companies Mentioned: Walmart Inc.; Amazon.com Inc.; The Home Depot Inc.; JD.com Inc.; Lowe's Companies Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Walmart Inc.
- Amazon.com Inc.
- The Home Depot Inc.
- JD.com Inc.
- Lowe's Companies Inc.
- Inter IKEA Systems B.V.
- Coupang Corp.
- Wayfair Inc.
- Anthropologie LLC
- Ashley Furniture Industries Inc.
- Steelcase Inc.
- HNI Corporation
- Dunelm Group plc
- La-Z-Boy Incorporated
- Knoll Inc.
- Ethan Allen Interiors Inc
- Westwing
- Hooker Furniture Corporation
- Cdiscount.com Inc.
- Bassett Furniture Industries Inc.
- CB2
- Hayneedle Inc.
- Cymax Group
- Tmall.com
- Bygghemma Group First AB
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | June 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 34.6 Billion |
Forecasted Market Value ( USD | $ 46.8 Billion |
Compound Annual Growth Rate | 7.8% |
Regions Covered | Global |