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Global Online Furniture Market - WishTree Insight

Global Online Furniture Market - Market Size, Share & Industry Trends, Growth Analysis Report by Product Type, By Consumption and Forecast 2022 – 2032

  • Report ID: 10106

  • No. Of Pages: 150

  • Pub. Date: 2023-02-28

Global Online Furniture Market by Material (Wood, Metal, Plastic, Glass), Product (Bed, Table & Desks, Cabinets & Shelves, Chairs & Stools, Sofa & Couch), Application (Residential and Commercial), and Regions, The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032

The Online Furniture market size was valued at USD 650 billion in 2022 and is expected to surpass USD XX billion by 2032, expanding at a CAGR of 5.9 % during the forecast period, 2022–2032. The market's growth is attributed to the increasing disposable income, growth of hospitality and housing sectors, growing demand for premium and luxury furniture worldwide, and developments in the commercial construction and housing sectors.

INTRODUCTION

Online furniture is a web application through which people can buy furniture online. It helps consumers to find different types of furniture of different materials and styles, and look at a single place. Covid-19 had a significant impact on consumer behavior owing to financial constraints. Furniture supports and enables everyday functions. Online platforms have made purchasing furniture easier.

Market Trends, Drivers, Restraints, and Opportunities

  • The increasing capital investments in office infrastructure driven by developments of regional hubs are expected to boost the market.
  • The rising demand for versatile products and multi-functional products providing portability and easy accommodation in small spaces is anticipated to propel the market growth.
  • Increasing number of nuclear families has resulted in demand for portable and space-saving furniture products around the globe is driving the market.
  • The growing residential and infrastructural developments are expected to create lucrative growth in the market.
  • Increasing investment by key players in the development of innovative products is expected to fuel the market.
  • A surge in the number of internet users and the advent of advanced technologies are anticipated to boost the global online furniture market.

Scope of the Report

Attributes

Details

Report Title Online Furniture Market - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast
Base Year 2022
Historic Data 2021–2022
Forecast Period 2022–2032
Segmentation Material (Wood, Metal, Plastic, Glass), Product (Bed, Table & Desks, Cabinets & Shelves, Chairs & Stools, Sofa & Couch), Application (Residential and Commercial)
Regional Scope The Asia Pacific, Middle East Africa, Europe, North America, and Latin America
Report Coverage Market Analysis Company Share & Size, Growth Factors, Trends, Competitive Landscape, Trends, and Revenue Forecast
Key Players Covered in the Report American Signature (U.S.); IKEA Systems (Netherland); Ashley Furniture Industries Inc. (U.S.); Jason Furniture Co., Ltd (China); Steelcase Inc. (U.S.); FURNITUREDEALER.NET (U.S.); Pepperfry (India)

Market Segment Insights

The wood segment is projected to register a considerable CAGR

Based on material, the online furniture market is divided into wood, metal, plastic, glass. The wood segment is expected to expand at a rapid pace during the forecast period as wood is a naturally available raw material and is used in the production of almost all types of furniture products. However, the plastic segment is anticipated to hold a key share of the market in the coming years owing to the increasing demand for low-priced designer furniture across the globe is accelerating market growth.

The bed segment is expected to expand at a rapid pace

Based on product, the online furniture market is divided into beds, tables & desks, cabinets & shelves, chairs & stools, and sofas & couches. The bed segment is expected to expand at a rapid pace during the forecast period owing to technological advancements in home furnishing products. However, the sofa & couch segment is anticipated to hold a key share of the market in the coming years owing to the increasing wave of millennials buying home.

The residential segment is projected to register a considerable CAGR

On the basis of application, the online furniture market is bifurcated into residential and commercial. The residential segment is projected to register a considerable CAGR during the forecast period owing to increasing demand for furniture in the living room and bedroom coupled with rising real estate construction projects initiated by governments. On the other hand, the commercial segment is anticipated to account for a major market share during the forecast period owing to rising demand for office space and expanding the hospitality sector is fuelling the demand for products.

The Asia Pacific region is anticipated to constitute a key market share

In terms of regions, the online furniture market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of the Asia Pacific region is expected to constitute a key share of the market during the projected period owing to increasing disposable income in the upper- and middle-class population. However, the market of the Middle East & Africa region is anticipated to expand rapidly during the forecast period owing to investments by various countries from the region in developing infrastructure to attract tourists and create opportunities for economic growth.

Competitive Landscape

Key players competing in the Online Furniture market are American Signature (U.S.); IKEA Systems (Netherland); Ashley Furniture Industries Inc. (U.S.); Jason Furniture Co., Ltd (China); Steelcase Inc. (U.S.); FURNITUREDEALER.NET (U.S.); Pepperfry (India).

FAQs

Mention the market size of Online Furniture in 2022.

The market size of Online Furniture in 2022 was USD 650 billion.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 5.9%.

What are the key drivers of the market?

The market's growth is attributed to the increasing disposable income, growth of hospitality and housing sectors, growing demand for premium and luxury furniture worldwide, and developments in the commercial construction and housing sectors.

What segments are covered in the Online Furniture report?

The segments covered in the report are material (wood, metal, plastic, glass), product (bed, table & desks, cabinets & shelves, chairs & stools, sofa & couch), and application (residential and commercial).

Which segment holds the largest market share in Online Furniture by 2032?

The wood segment holds the largest market share in Online Furniture by 2032.

1 INTRODUCTION TO GLOBAL ONLINE FURNITURE MARKET

1.1 Overview of the Market

1.2 Scope of Report

1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF WISH TREE INSIGHTS

3.1 Data Mining

3.2 Validation

3.3 Primary Interviews

3.4 List of Data Sources

4 GLOBAL ONLINE FURNITURE MARKET OUTLOOK

4.1 Overview

4.2 Market Dynamics

4.2.1 Drivers

4.2.2 Restraints

4.2.3 Opportunities

4.3 Value Chain Analysis

5 GLOBAL ONLINE FURNITURE MARKET, BY Material

5.1 Overview

5.2 Wood

5.3 Metal

5.4 Plastic

5.5 Glass

6 GLOBAL ONLINE FURNITURE MARKET, PRODUCT

6.1 Overview

6.2 Bed

6.3 Table & Desks

6.4 Cabinets & Shelves

6.5 Chairs & Stools

6.6 Sofa & Couch

7 GLOBAL ONLINE FURNITURE MARKET, BY APPLICATION

7.1 Overview

7.2 Residential

7.3 Commercial

8 GLOBAL ONLINE FURNITURE MARKET, BY GEOGRAPHY

8.1 Overview

8.2 North America

8.2.1 U.S.

8.2.2 Canada

8.2.3 Mexico

8.3 Europe

8.3.1 Germany

8.3.2 U.K.

8.3.3 France

8.3.4 Rest of Europe

8.4 The Asia Pacific

8.4.1 China

8.4.2 Japan

8.4.3 India

8.4.4 Rest of Asia Pacific

8.5 Rest of the World

8.5.1 Latin America

8.5.2 The Middle East & Africa

9 GLOBAL ONLINE FURNITURE MARKET COMPETITIVE LANDSCAPE

9.1 Overview

9.2 Company Market Ranking

9.3 Key Development Strategies

10 COMPANY PROFILES

10.1 American Signature (U.S.)

10.1.1 Overview

10.1.2 Financial Performance

10.1.3 Product Outlook

10.1.4 Key Developments

10.2 IKEA Systems (Netherland)

10.2.1 Overview

10.2.2 Financial Performance

10.2.3 Product Outlook

10.2.4 Key Developments

10.3 Ashley Furniture Industries Inc. (U.S.)

10.3.1 Overview

10.3.2 Financial Performance

10.3.3 Product Outlook

10.3.4 Key Developments

10.4 Jason Furniture Co., Ltd (China)

10.4.1 Overview

10.4.2 Financial Performance

10.4.3 Product Outlook

10.4.4 Key Developments

10.5 Steelcase Inc. (U.S.)

10.5.1 Overview

10.5.2 Financial Performance

10.5.3 Product Outlook

10.5.4 Key Developments

10.6 FURNITUREDEALER.NET (U.S.)

10.6.1 Overview

10.6.2 Financial Performance

10.6.3 Product Outlook

10.6.4 Key Developments

10.7 Pepperfry (India)

10.7.1 Overview

10.7.2 Financial Performance

10.7.3 Product Outlook

10.7.4 Key Developments

11 Appendix

11.1 Related Research

Segments Covered in the Report

Material

  • Wood
  • Metal
  • Plastic
  • Glass

Product

  • Bed
  • Table & Desks
  • Cabinets & Shelves
  • Chairs & Stools
  • Sofa & Couch

Application

  • Residential
  • Commercial

Regions

  • The Asia Pacific
  • The Middle East & Africa
  • Europe
  • North America
  • Latin America

Key Players

  • American Signature (U.S.)
  • IKEA Systems (Netherland)
  • Ashley Furniture Industries Inc. (U.S.)
  • Jason Furniture Co., Ltd (China)
  • Steelcase Inc. (U.S.)
  • FURNITUREDEALER.NET (U.S.)
  • Pepperfry (India).

WishTree Insights uses recent research tools and provides accurate data to the clients. Our expert team delivers the perfect research report that generates revenue and recommendations.

By using the Bottom-Up and Top-Down methods we carry out extensive research. Our focus is on the following parameters:

  • Market drivers, opportunities, and restraints.
  • Raw material, supply, and economic estimate.
  • Current and expected estimations up to 2031

Our expertise uses primary research with Key for validating the market forecasts:

  • Established market players
  • Distributors
  • End Users

WishTree Database

Primary research

Secondary research

  • Manufacturers
  • Case Study
  • Distributors
  • Company reports and publications
  • Consumer Survey
  • Government publications
  • End-User survey
  • Economic and demographic data
 
  • Customer Reference

Industry Analysis

Qualitative analysis

Quantitative analysis

  • Industry landscape and trends
  • Market revenue estimates and forecast up to 2031
  • Technology landscape
  • Market revenue estimates and forecasts up to 2031, by technology
  • Market dynamics and key issues
  • Market revenue estimates and forecasts up to 2031, by application
  • Market opportunities
  • Market revenue estimates and forecasts up to 2031, by type
  • Policy and regulatory scenario
 
  • Competitive landscape
 

Our Plans

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  • Any Level of Customization

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