Market Overview:
The global online retail furniture market is expected to grow at a CAGR of 7.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for online retail furniture from households and commercial applications across the globe. Additionally, rising disposable income and changing lifestyle preferences are also fuelling the demand for online retail furniture globally. The global online retail furniture market is segmented on the basis of type, application and region. On the basis of type, wooden furniture dominates the global market followed by leather & fabric furniture and metal furniture respectively. Leather & fabric Furniture is projected to grow at a highest CAGR during 2018-2030 owing to its growing popularity among consumers for their aesthetic appeal and comfortability factors. By application, household segment dominates in terms of revenue share in 2017; however, commercial segment is projected to grow at highest CAGR over next 10 years due to increase in number of working women population coupled with rising disposable income levels across developing countries such as India and China .
Product Definition:
Online Retail Furniture is a type of ecommerce where customers can purchase furniture and home decor products directly from the retailer's website. This type of retailing allows customers to browse a wide selection of products, compare prices, and read reviews from other consumers before making a purchase. Online Retail Furniture is important because it allows shoppers to find unique pieces that they may not be able to find in physical stores. It also offers competitive prices and easy comparison shopping.
Wooden Furniture:
wooden furniture is used for making living spaces more attractive and comfortable. It includes items such as coffee tables, dining tables, book shelves, TV stands along with various other decorative pieces. The growth factor in the market is increasing demand from developing countries like India and China where the per capita income of people is rising significantly owing to industrialization and urbanization.
Leather & Fabric Furniture:
Leather and fabric furniture are used in online retailing for the purpose of providing an aesthetic look to websites or web pages. The primary objective of using leather and fabric furniture is to provide a rich, smooth, and error-free user experience while shopping on line.
Application Insights:
The others application segment includes hotels, hospitals, institutions and corporate offices. The household segment is expected to be the largest online shopping customer-base for furniture with over USD 40 billion spent in 2017. Rising purchasing power and growing disposable income are anticipated to drive the demand for furniture in this segment over the forecast period.
The commercial sector comprises of small scale retail stores, big box retailers as well as hypermarkets & supermarkets.
Regional Analysis:
Asia Pacific dominated the global online retail furniture market in 2017. The growth is attributed to increasing internet penetration and rising consumer spending on home furnishing products. China, India, Japan, South Korea and Australia are expected to be the key markets for this industry over the forecast period owing to growing e-commerce sector in these countries. Moreover, rapid urbanization has led consumers to prefer living spaces that are aesthetically pleasing and comfortable; thereby driving demand for online retail furniture globally.
North America accounted for a significant share of revenue in 2017 owing to high disposable income of consumers coupled with preference towards quality furnishings among them at home as well as cafes/restaurants run by them which drives demand for such products over the forecast period. Europe is also expected witness considerable growth due North European style of living which includes utilization of wooden household items including kitchen cabinets made from solid wood along with other decorative wooden items including bedroom dressers chests etc.
Growth Factors:
- Increasing disposable income of consumers: The growth in online retail furniture market is majorly attributed to the increasing disposable income of the consumers. With increase in their purchasing power, the consumers are preferring to buy furniture and other home decor items online.
- Rising demand for customized products: Consumers are increasingly demanding customized products as per their specific needs and requirements. This is providing a major impetus to the growth of online retail furniture market.
- Proliferation of e-commerce platforms: The proliferation of e-commerce platforms has made it easier for buyers to purchase furniture and other home decor items online with just a few clicks. This is further propelling the growth of this market segment.
Scope Of The Report
Report Attributes
Report Details
Report Title
Online Retail Furniture Market Research Report
By Type
Wooden Furniture, Leather & Fabric Furniture, Metal Furniture, Other
By Application
Household, Commercial, Others
By Companies
Nitori, Aarons, Bed Bath & Beyond, TOK&STOK, Wayfair, Amazon
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Online Retail Furniture Market Report Segments:
The global Online Retail Furniture market is segmented on the basis of:
Types
Wooden Furniture, Leather & Fabric Furniture, Metal Furniture, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commercial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nitori
- Aarons
- Bed Bath & Beyond
- TOK&STOK
- Wayfair
- Amazon
Highlights of The Online Retail Furniture Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wooden Furniture
- Leather & Fabric Furniture
- Metal Furniture
- Other
- By Application:
- Household
- Commercial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Online Retail Furniture Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Online retail furniture is furniture that is sold through the internet.
Some of the major companies in the online retail furniture market are Nitori, Aarons, Bed Bath & Beyond, TOK&STOK, Wayfair, Amazon.
The online retail furniture market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Online Retail Furniture Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Online Retail Furniture Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Online Retail Furniture Market - Supply Chain
4.5. Global Online Retail Furniture Market Forecast
4.5.1. Online Retail Furniture Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Online Retail Furniture Market Size (000 Units) and Y-o-Y Growth
4.5.3. Online Retail Furniture Market Absolute $ Opportunity
5. Global Online Retail Furniture Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Online Retail Furniture Market Size and Volume Forecast by Type
5.3.1. Wooden Furniture
5.3.2. Leather & Fabric Furniture
5.3.3. Metal Furniture
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Online Retail Furniture Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Online Retail Furniture Market Size and Volume Forecast by Application
6.3.1. Household
6.3.2. Commercial
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Online Retail Furniture Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Online Retail Furniture Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Online Retail Furniture Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Online Retail Furniture Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Online Retail Furniture Demand Share Forecast, 2019-2026
9. North America Online Retail Furniture Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Online Retail Furniture Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Online Retail Furniture Market Size and Volume Forecast by Application
9.4.1. Household
9.4.2. Commercial
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Online Retail Furniture Market Size and Volume Forecast by Type
9.7.1. Wooden Furniture
9.7.2. Leather & Fabric Furniture
9.7.3. Metal Furniture
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Online Retail Furniture Demand Share Forecast, 2019-2026
10. Latin America Online Retail Furniture Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Online Retail Furniture Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Online Retail Furniture Market Size and Volume Forecast by Application
10.4.1. Household
10.4.2. Commercial
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Online Retail Furniture Market Size and Volume Forecast by Type
10.7.1. Wooden Furniture
10.7.2. Leather & Fabric Furniture
10.7.3. Metal Furniture
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Online Retail Furniture Demand Share Forecast, 2019-2026
11. Europe Online Retail Furniture Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Online Retail Furniture Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Online Retail Furniture Market Size and Volume Forecast by Application
11.4.1. Household
11.4.2. Commercial
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Online Retail Furniture Market Size and Volume Forecast by Type
11.7.1. Wooden Furniture
11.7.2. Leather & Fabric Furniture
11.7.3. Metal Furniture
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Online Retail Furniture Demand Share, 2019-2026
12. Asia Pacific Online Retail Furniture Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Online Retail Furniture Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Online Retail Furniture Market Size and Volume Forecast by Application
12.4.1. Household
12.4.2. Commercial
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Online Retail Furniture Market Size and Volume Forecast by Type
12.7.1. Wooden Furniture
12.7.2. Leather & Fabric Furniture
12.7.3. Metal Furniture
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Online Retail Furniture Demand Share, 2019-2026
13. Middle East & Africa Online Retail Furniture Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Online Retail Furniture Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Online Retail Furniture Market Size and Volume Forecast by Application
13.4.1. Household
13.4.2. Commercial
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Online Retail Furniture Market Size and Volume Forecast by Type
13.7.1. Wooden Furniture
13.7.2. Leather & Fabric Furniture
13.7.3. Metal Furniture
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Online Retail Furniture Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Online Retail Furniture Market: Market Share Analysis
14.2. Online Retail Furniture Distributors and Customers
14.3. Online Retail Furniture Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Nitori
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Aarons
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bed Bath & Beyond
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. TOK&STOK
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Wayfair
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Amazon
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
