fThe online furniture market is expected to grow at a CAGR of 16.

79% during 2022-

2026.

Online Furniture Market: Key Drivers, Trends, and Challenges

The increasing online spending and smartphone penetration is notably driving the
online furniture market growth, although factors such as the longer replacement
cycle of products may impede the market growth. Our research analysts have studied
the historical data and deduced the key market drivers and the COVID-19 pandemic
impact on the online furniture industry. The holistic analysis of the drivers will
help in deducing end goals and refining marketing strategies to gain a competitive
edge.

Key Online Furniture Market Driver

The increasing online spending and smartphone penetration is one of the key drivers
supporting the online furniture market growth. The high penetration of internet
services, improved economy, and upgradation of purchase and delivery options with
the emergence of m-commerce has increased online shopping through smart devices.
Meanwhile, consumers have now become way more comfortable about purchasing products
on the go. Moreover, factors such as security features for online payments, free
delivery, improved online customer services, and customer-friendly designs of
shopping websites are also contributing to the growth of the market. Such flexible
features associated with online shopping will drive the online furniture market
growth during the forecast period.

Key Online Furniture Market Trend

Mobile commerce and network marketing is one of the key online furniture market
trends fueling the online furniture market growth. Smartphone has now become an
important part of modern life, which has paved the way for online shopping. In
consideration of this, there are some retailers such as Amazon.com, Flipkart, and
Alibaba Group that have launched mobile applications. Hence, with the increase in
the popularity of shopping through mobile devices, sales through these devices are
likely to grow. Furthermore, as consumers are slowly becoming comfortable with
electronic cash, the use of mobile wallets is expected to grow in the future. Such
factors will drive the online furniture market growth during the forecast period.

Key Online Furniture Market Challenge

The longer replacement cycle of products is one of the challenges impeding the
online furniture market growth. Most residential indoor and outdoor furnishings,
especially furniture, are meant for long-term use and generally do not require
frequent replacement. However, certain types of home furniture can be expensive and
are one-time expenditures. Moreover, most branded home furniture and furnishing
products are durable and of superior quality. Consumers only need to incur
maintenance costs for these over the years, which are usually minimal. This reduces
the need for the frequent purchase of furniture and furnishings, which acts as a
major growth barrier for the market. Such challenges will limit the online
furniture market growth during the forecast period.

This online furniture market analysis report also provides detailed information on
other upcoming trends and challenges that will have a far-reaching effect on the
market growth. The actionable insights on the trends and challenges will help
companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global online furniture market as a part of the global
home furnishings market. Our research report has extensively covered external
factors influencing the parent market growth potential in the coming years, which
will determine the levels of growth of the online furniture market during the
forecast period.

Who are the Major Online Furniture Market Vendors?

The 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.
Williams Sonoma Inc.

This statistical study of the online furniture market encompasses successful

business strategies deployed by the key vendors. The online furniture market is
fragmented and the vendors are deploying growth strategies such as M&As and
business expansions to compete in the market.

Product Insights and News

Ashcomm LLC - Through the furniture segment, the company offers living room
furniture, bedroom furniture, kitchen and dining room furniture, home office
furniture, bathroom furniture, and other furniture products.
Ashcomm LLC - The company offers online furniture such as sofas and recliners.
To make the most of the opportunities and recover from post COVID-19 impact, market
vendors should focus more on the growth prospects in the fast-growing segments,
while maintaining their positions in the slow-growing segments.

The online furniture market forecast report offers in-depth insights into key
vendor profiles. The profiles include information on the production,
sustainability, and prospects of the leading companies.

Online Furniture Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the
online furniture market, which vendors can leverage to gain a competitive advantage
during the forecast period. The end-to-end understanding of the value chain is
essential in profit margin optimization and evaluation of business strategies. The
data available in our value chain analysis segment can help vendors drive costs and
enhance customer services during the forecast period.
Which are the Key Regions for Online Furniture Market?
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now!

37% of the market’s growth will originate from APAC during the forecast period.
China and Japan are the key markets for the online furniture market in APAC. Market
growth in this region will be faster than the growth of the market in other
regions.

A rise in the real estate sector for both residential and commercial properties
will facilitate the online furniture market growth in APAC over the forecast
period. This market research report entails detailed information on the competitive
intelligence, marketing gaps, and regional opportunities in store for vendors,
which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 had a positive impact on the region's online
furniture market. Moreover, in 2021, the lifting of lockdowns and large-scale
vaccination drives across the region resulted in the resumption of construction
activities of high-rise commercial and residential buildings. This is expected to
boost the requirement for furniture in the market. Hence, such developments will
contribute to the growth of the online furniture market in the region during the
forecast period.

What are the Revenue-generating Application Segments in the Online Furniture

Market?
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The online furniture market share growth by the online-residential furniture

segment will be significant during the forecast period. Sales of living room
furniture are expected to increase during the forecast period. For instance,
Wayfair, a US-based online furniture retailer, offers living room furniture in a
wide range of styles and price options and competitive prices, which reduce the
need for visiting brick-and-mortar stores. Moreover, innovative styles and designs
that occupy very little space and offer comfort are in high demand and will drive
the online furniture market growth during the forecast period

This report provides an accurate prediction of the contribution of all the segments
to the growth of the online furniture market size and actionable market insights on
post COVID-19 impact on each segment.

Online Furniture Market Scope

Report Coverage

Details

Page number

120
Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 16.79%

Market growth 2022-2026

$ 112.67 billion

Market structure

Fragmented

YoY growth (%)

8.0

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 37%

Key consumer countries

US, Canada, China, Japan, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and
slow-growing segment analysis, COVID 19 impact and recovery analysis and future
consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out
to our analysts and get segments customized.
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What are the Key Data Covered in this Online Furniture Market Report?
CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive online furniture market growth
during the next five years
Precise estimation of the online furniture market size and its contribution to the
parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the online furniture industry across APAC, North America, Europe,
Middle East and Africa, and South America
A thorough analysis of the market’s competitive landscape and detailed information
on vendors
Comprehensive details of factors that will challenge the growth of online furniture
market vendors