Online Furniture Market size is to grow by USD 112.67 billion from 2021 to 2026 | Ashcomm LLC, Bobs Discount Furniture LLC, Brilloca Ltd., and more to emerge as key players- Technavio

NEW YORK, July 20, 2023 /PRNewswire/ -- The online furniture market size is estimated to grow by USD 112.67 billion from 2021 to 2026 at a CAGR of 16.79% according to Technavio. The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including 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.

Online furniture market insights -

• Vendors: 15+, Including 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.,  among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Application (Online residential furniture and Online commercial furniture) and Geography (APAC, North America, Europe, Middle East and Africa, and South America)

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Online furniture market - Customer Landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity
• For highlights on customer landscape analysis, download a sample!

Key Online Furniture Market Driver- Increasing online spending and smartphone penetration is one of the major factors notably driving the market growth. 

Key Online Furniture Market Trend- Mobile commerce and network marketing is an emerging trend supporting the market growth. The widespread adoption of smartphones has revolutionized modern life and transformed the way people shop, leading to the rise of online shopping. Retailers like Amazon.com, Flipkart, and Alibaba Group have responded to this trend by launching mobile applications, catering to the growing popularity of shopping through mobile devices. Additionally, as consumers become increasingly comfortable with electronic payments, the use of mobile wallets is projected to witness significant growth in the coming years. These factors will be key drivers for market growth during the forecast period.

Key Online Furniture Market Challenge- The longer replacement cycle of products is one of the challenges hindering market growth. 

Drivers, & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a  sample report!

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What are the key data covered in this online furniture market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the online furniture market between 2022 and 2026
• Precise estimation of the size of the online furniture market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the online furniture market across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of online furniture market vendors

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Related Reports:

The Global Home Furniture Market size is estimated to grow by  USD 105.01 million between 2022 and 2027 accelerating at a CAGR of 5.34%. This report extensively covers market segmentation by Distribution Channel (offline and online), Product (living room furniture, bedroom furniture, storage furniture, and others), and Geography ( APAC, North America, Europe, Middle East and Africa, and South America). The increasing online sales are notably driving the home furnishing market share.

The high-end furniture market share in North America is expected to increase by USD 2.69 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.38%. This report extensively covers North American high-end furniture market segmentation by distribution channel (offline and online) and geography (US, Canada, and Mexico). The rising popularity of multi-functional luxury furniture is one of the key drivers supporting the high-end furniture market growth in North America

Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021 

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments 
• Exhibit 24: Chart on Application - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

• 5.2 Comparison by Application 
• Exhibit 26: Chart on Comparison by Application
• Exhibit 27: Data Table on Comparison by Application

• 5.3 Online residential furniture - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Online residential furniture - Market size and forecast 2021-2026 ($ billion)
• Exhibit 29: Data Table on Online residential furniture - Market size and forecast 2021-2026 ($ billion)
• Exhibit 30: Chart on Online residential furniture - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Online residential furniture - Year-over-year growth 2021-2026 (%)

• 5.4 Online commercial furniture - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Online commercial furniture - Market size and forecast 2021-2026 ($ billion)
• Exhibit 33: Data Table on Online commercial furniture - Market size and forecast 2021-2026 ($ billion)
• Exhibit 34: Chart on Online commercial furniture - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Online commercial furniture - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Application 
• Exhibit 36: Market opportunity by Application ($ billion)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026
• Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 North America - Market size and forecast 2021-2026
• Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026
• Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026
• Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Japan - Market size and forecast 2021-2026
• Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
• Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
• Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.11 UK - Market size and forecast 2021-2026
• Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ billion)
• Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
• Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.12 Canada - Market size and forecast 2021-2026
• Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ billion)
• Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ billion)
• Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers 

• 8.2 Market challenges 

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends 

9 Vendor Landscape

• 9.1 Overview 

• 9.2 Vendor landscape 
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 Ashcomm LLC 
• Exhibit 89: Ashcomm LLC - Overview
• Exhibit 90: Ashcomm LLC - Product / Service
• Exhibit 91: Ashcomm LLC - Key offerings

• 10.4 Herman Miller Inc. 
• Exhibit 92: Herman Miller Inc. - Overview
• Exhibit 93: Herman Miller Inc. - Business segments
• Exhibit 94: Herman Miller Inc. - Key offerings
• Exhibit 95: Herman Miller Inc. - Segment focus

• 10.5 HNI Corp. 
• Exhibit 96: HNI Corp. - Overview
• Exhibit 97: HNI Corp. - Business segments
• Exhibit 98: HNI Corp. - Key news
• Exhibit 99: HNI Corp. - Key offerings
• Exhibit 100: HNI Corp. - Segment focus

• 10.6 Inter IKEA Holding BV 
• Exhibit 101: Inter IKEA Holding BV - Overview
• Exhibit 102: Inter IKEA Holding BV - Product / Service
• Exhibit 103: Inter IKEA Holding BV - Key news
• Exhibit 104: Inter IKEA Holding BV - Key offerings

• 10.7 Kimball International Inc. 
• Exhibit 105: Kimball International Inc. - Overview
• Exhibit 106: Kimball International Inc. - Business segments
• Exhibit 107: Kimball International Inc. - Key offerings
• Exhibit 108: Kimball International Inc. - Segment focus

• 10.8 Otto GmbH and Co. KG 
• Exhibit 109: Otto GmbH and Co. KG - Overview
• Exhibit 110: Otto GmbH and Co. KG - Business segments
• Exhibit 111: Otto GmbH and Co. KG - Key news
• Exhibit 112: Otto GmbH and Co. KG - Key offerings
• Exhibit 113: Otto GmbH and Co. KG - Segment focus

• 10.9 Pepperfry Pvt. Ltd. 
• Exhibit 114: Pepperfry Pvt. Ltd. - Overview
• Exhibit 115: Pepperfry Pvt. Ltd. - Product / Service
• Exhibit 116: Pepperfry Pvt. Ltd. - Key offerings

• 10.10 Reliance Retail Ltd. 
• Exhibit 117: Reliance Retail Ltd. - Overview
• Exhibit 118: Reliance Retail Ltd. - Product / Service
• Exhibit 119: Reliance Retail Ltd. - Key offerings

• 10.11 Steelcase Inc. 
• Exhibit 120: Steelcase Inc. - Overview
• Exhibit 121: Steelcase Inc. - Business segments
• Exhibit 122: Steelcase Inc. - Key offerings
• Exhibit 123: Steelcase Inc. - Segment focus

• 10.12 Williams Sonoma Inc. 
• Exhibit 124: Williams Sonoma Inc. - Overview
• Exhibit 125: Williams Sonoma Inc. - Business segments
• Exhibit 126: Williams Sonoma Inc. - Key news
• Exhibit 127: Williams Sonoma Inc. - Key offerings
• Exhibit 128: Williams Sonoma Inc. - Segment focus

11 Appendix

• 11.1 Scope of the report 

• 11.2 Inclusions and exclusions checklist
• Exhibit 129: Inclusions checklist
• Exhibit 130: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 131: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 132: Research methodology
• Exhibit 133: Validation techniques employed for market sizing
• Exhibit 134: Information sources

• 11.5 List of abbreviations 
• Exhibit 135: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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