The Online Household Furniture Market in US is being driven by Increasing online sales of household furniture
The Online Household Furniture Market in US is expected to grow at a CAGR of 4.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 6454.7 million. The US household furniture market has experienced a significant shift towards customization, driven by the growing awareness and adoption of technologically advanced, smart furniture. Mainstream manufacturers such as Thomasville and Ethan Allen are leading this trend by offering fabric customization options, enabling consumers to create unique furniture pieces tailored to their preferences. Additionally, there is a rising demand for smart furniture integrating USB ports, outlets, and other functionalities to accommodate gadgets like laptops and smartphones. This customization and integration of technology into furniture design is increasingly resonating with consumers and shaping the future of the US furniture industry.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Product (Living room furniture, Bedroom furniture, Storage furniture, Others) Material (Wood, Metal, Others) Type (Non-ready to assemble, Ready to assemble) Geography (North America).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Online Household Furniture Market in US Research Report
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In today's digital world, furniture shopping has evolved from time-consuming excursions to online purchases. Consumers in the US now prefer browsing extensive furniture collections on smartphones and laptops, tailoring modern and rustic pieces to their personal tastes. Online furniture marketplaces offer customization options, sustainable materials, and comparisons between various brands. Brick-and-mortar stores still thrive, but discounts, sales, and customization are now key features in both traditional and online settings. Consumers can now enjoy the comfort and aesthetic appeal of furniture shopping from the convenience of their homes. Online furniture shopping includes a wide range of materials such as traditional woods, metals, composites, and glass, catering to diverse consumer preferences.
The global broadline retail market encompasses the earnings of enterprises offering retail services encompassing discount merchandise, department stores, and online retailers and marketplaces dealing in consumer discretionary merchandise. According to Technavio's market analysis, the global broadline retail market's size is determined by the income generated by Internet retailing service providers, third-party online retail platform providers, door-to-door retailing service providers, department stores, and other general merchandise companies, including those providing online marketplaces for consumer goods and services. The market's expansion will be fueled by the rising adoption of sophisticated mobile devices and extensive Internet penetration. These trends empower consumers to access on-demand products and services from the comfort of their homes using smartphones and laptops.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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