27-September-2022

Online Furniture Market Analysis 2022-2026: Ashcomm LLC, Bobs Discount Furniture LLC, and Brilloca Ltd., are Among Major Vendors

The online furniture market share is set to post an incremental growth of USD 112.67 billion, accelerating at a CAGR of 16.79% during the forecast period. The increasing online spending and smartphone penetration is notably driving the market growth. Technavio's research report provides a detailed understanding of the market focusing on the latest trends, and drivers that are likely to impact growth. This analysis will enable business leaders to strategize and plan for the further growth of their business. Unlock Free Sample Analysis Report

Online Furniture Market Analysis 2022-2026: Ashcomm LLC, Bobs Discount Furniture LLC, and Brilloca Ltd., are Among Major Vendors

Online Furniture Market: Market Segments

The online furniture market is segmented by Application (Online residential furniture and Online commercial furniture) and Geography (APAC, North America, Europe, South America, and MEA). 

The online furniture market size in the online-residential furniture segment will be significant during the forecast period. The rise in the real estate sector for both residential and commercial properties will facilitate market growth in APAC. 37% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for online furniture in APAC.

The online furniture market report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.

Online Furniture Market: Leading Factors to Drive Market Growth

The rise in online spending and smartphone penetration is one of the primary factors that will drive the growth of the online furniture market. Factors such as mobile commerce and network marketing are the major online furniture market trends that will positively impact the market value. However, the longer replacement cycle of products is one of the challenges impeding the market growth.

Online Furniture Market: Vendor Analysis

The market is fragmented due to the presence of several players.  Ashcomm LLC, Bobs Discount Furniture LLC, Brilloca Ltd., Herman Miller Inc., Inter IKEA Holding BV, Kimball International Inc., LaZBoy Inc., Otto GmbH and Co. KG, Pepperfry Pvt. Ltd., Raymour and Flanigan Furniture and Mattresses, Reliance Retail Ltd., Steelcase Inc., Wayfair Inc., World Market, Ballard Designs Inc., Bassett Furniture Industries, Haverty Furniture Companies Inc., HNI Corp., Pier 1 Imports Inc., and Williams Sonoma Inc.  are some of the major online furniture market vendors.

The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. Download the Free PDF Sample Report

Online Furniture Market: Key Highlights of the Report for 2022-2026

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive online furniture market growth during the next five years
  • Precise estimation of the online furniture market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the online furniture market industry across blank
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of online furniture market vendors

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerating at a CAGR of 16.79%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by USD 112.67 billion.

     
  3. What is a key factor driving this market?
    The rise in online spending and smartphone penetration will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, North America, Europe, the Middle East and Africa, and South America are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market?
    37% growth will originate from APAC.

     
  6. What are the market segments covered in this report?
    The market is segmented by Application (Online residential furniture and Online commercial furniture) and Geography (APAC, North America, Europe, South America, and MEA).
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