Global Online Furniture Market 2022-2026
The analyst has been monitoring the online furniture market and it is poised to grow by $ 112.67 bn during 2022-2026, accelerating at a CAGR of 16.79% during the forecast period. Our report on the online furniture market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing online spending and smartphone penetration, growth in global real estate industry, and evolving home and living concepts.
The online furniture market analysis includes application segment and geographic landscape.
The online furniture market is segmented as below:
By Application
• Online residential furniture
• Online commercial furniture
By Geographical Landscape
• APAC
• North America
• Europe
• Middle East and Africa
• South America
This study identifies the mobile commerce and network marketing as one of the prime reasons driving the online furniture market growth during the next few years. Also, surge in innovative product design and digital marketing and social media campaigns for consumer engagement will lead to sizable demand in the market.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on online furniture market covers the following areas:
• Online furniture market sizing
• Online furniture market forecast
• Online furniture market industry analysis
This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading online furniture market vendors that include 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.. Also, the online furniture market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.