The e-commerce furniture global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
E-Commerce Furniture Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The e-commerce furniture market size has grown strongly in recent years. It will grow from $32.21 billion in 2023 to $34.60 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 $46.80 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to mobile commerce growth, growing consumer awareness regarding eco-friendly materials, personalization trends, globalization of supply chains, and partnerships. Major trends in the forecast period include sustainable and eco-friendly furniture, expansion of e-commerce platforms, omnichannel retailing, augmented reality (AR) and virtual reality (VR).
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Scope Of E-Commerce Furniture MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
E-Commerce Furniture Market Overview
Market Drivers –
The widespread use of smartphones is expected to propel the growth of the e-commerce furniture market going forward. Smartphones are portable electronic gadgets primarily designed for communication, internet access, and various applications. The use of smartphones is increasing due to their convenience, versatility, accessibility to Internet services, and the proliferation of apps. E-commerce furniture retailers optimized their websites and developed mobile apps to provide seamless browsing and purchasing experiences on smartphones and tablets. For instance, in April 2022, according to the Department of Telecommunications under the Ministry of Information and Communications, a Vietnam-based regulatory agency, Vietnam recorded 91.3 million smartphone subscribers in 2021. This figure increased by over 2 million at the end of March 2022, resulting in 93.5 million subscribers, equivalent to 73.5% of the nation’s adult population. Therefore, the widespread use of smartphones and mobile devices is driving the growth of the E-commerce furniture market.
Market Trends –
Major companies operating in the e-commerce furniture market are integrating AI-powered interactive design experiences for their e-commerce customers to enhance the online shopping experience and gain a competitive edge in the market. Implementing an AI-powered interactive design experience for e-commerce customers can revolutionize the online furniture shopping experience. By leveraging AI algorithms, customers can engage in virtual room planning, allowing them to visualize how different furniture pieces would look and fit within their living spaces. For instance, in June 2022, IKEA, a Netherland-based furniture company, launched the IKEA Kreativ, an AI-powered interactive design experience available on IKEA.com and the IKEA app. It allows U.S. customers to digitally design and visualize their living spaces using digitalized smartphone furniture. The feature utilizes spatial computing, machine learning, and 3D mixed-reality technologies to provide accurate interior design simulations. Users can choose from pre-furnished showrooms or design their spaces, erasing existing furniture for a fresh start.
The e-commerce furniture market covered in this report is segmented –
1) By Type: Ready-To-Assemble (RTA), Assembled
2) 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
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Regional Insights –
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.
Key Companies –
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
Table of Contents
1. Executive Summary2. E-Commerce Furniture Market Report Structure3. E-Commerce Furniture Market Trends And Strategies4. E-Commerce Furniture Market – Macro Economic Scenario5. E-Commerce Furniture Market Size And Growth…..27. E-Commerce Furniture Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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