Global E-Commerce Furniture Market To Reach $40.74 Billion By 2030, Highlights New Report From Next Move Strategy Consulting – GlobeNewswire | Region & Cash

NEW YORK, July 20, 2022 (GLOBE NEWSWIRE) — According to the report published by Next Move Strategy Consulting, the global e-commerce furniture market generated $27.74 billion in 2021 and is expected to reach $40.74 billion by 2030, at a CAGR of 4.4% from 2022 to 2030. The report conducts an in-depth analysis of changing market dynamics to help market entrants, new entrants, and investors in determining the steps that need to be taken to achieve optimal profitability and increase their market shares. The report also provides key segment analysis, competitive landscape, and detailed segmentation.

The report offers comprehensive analysis, insights and market scenarios in 763 pages together with more than 1,000 tables and almost 500 figures, becoming an indispensable guide to achieve long-term growth, determine next steps and unlock growth potential. The report also highlights the impact of the Covid-19 pandemic on the market size and the strategies that need to be taken to manage the situation.

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report coverage details
forecast period 2022-2030
base year 2021
Market size in 2021 $27.74 billion
Market size in 2030 $40.74 billion
CAGR 4.4%
number of pages 763
tables 1003
Counting 504
segments covered Type, Product Type, Material Type, End Use, Distribution Channel, Price Range, and Region.
driver Propensity to purchase general purpose, foldable, and technology-enabled furniture through online websites
Increase in smartphone and internet penetration around the world
occasions The growth of the real estate and hospitality industry
Increase in cooperation between manufacturers

The report provides an exhaustive analysis of the changing dynamics by explaining driving factors, restraining factors and opportunities in the global E-Commerce Furniture Market. The propensity to purchase general purpose, foldable and technology-enabled furniture via online websites, the availability of trending designs, discounts and deals on online platforms, along with the increase in smartphone and internet penetration around the world are driving the growth of the global e-commerce furniture market. However, restrictions on import and export activities and disruptions in the supply chain are the factors restraining the market growth.

Commenting on the opportunities that can be leveraged to grow the e-commerce furniture market, the senior consumer products category analyst at Next Move Strategy Consulting said: “The proliferation of online shopping and the growth of the real estate and hospitality industries provide in the coming years of new opportunities. In addition, it is estimated that the increase in collaborations between manufacturers will create opportunities in the future.”

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The report provides detailed analysis of segments and sub-segments of the global E-Commerce Furniture market based on type, product type, material type, end-use, distribution channel, price range and region. The report uses tabular and graphical representations to offer details about various segments and their sub-segments for better understanding.

According to the type, the study splits the market into RTA and non-RTA. Based on product type, the report further segments the market into beds and mattresses, entertainment units, sofas and armchairs, tables and desks, storage units, and others. On the basis of material type, research segmented the market into plastic, melamine, wood, steel, glass, processed foil, wrapped board, laminate and lacquered board. Based on end use, the report divides the market into residential and commercial real estate. On the basis of price range, the report further analyzes the market into high-end furniture, mid-range furniture and low-end furniture.

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Based on region, the research sub-segments segment the market into North America, Europe, Asia Pacific and RoW. According to the report, North America accounted for the highest market share of the global e-commerce furniture industry in 2021 and will maintain its highest contribution throughout the forecast period. This is attributed to the increasing use of designer furniture with new textures, the rise of the real estate sector and the increasing demand for smart furniture and premium furniture in the region. On the other hand, Asia Pacific is expected to grow at the fastest growth rate during the forecast period. This is attributed to the focus on housing development and lifestyle changes.

The report analyzes each segment and sub-segment based on regions and countries with the help of tables and figures. This analysis is helpful in determining the performance of different segments in specific geographies and strategies to increase Ecommerce Furniture Market Share.

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The report provides a competitive landscape by analyzing various leading market players active in the global E-Commerce Furniture Market. The study analyzes leading players such as Ashley Furniture Industries, Inc., Cymax Group Technologies Ltd., Bassett Furniture Industries, Inc., Kimball International, Inc., Inter Ikea Group, Hooker Furnishings Corporation, Godrej & Boyce Manufacturing Co., Ltd., HNI Corp., Kohler Company, Home Depot, Inc., Steelcase Inc., Sleep Number Corporation, Herman Miller, Inc., Wayfair, Inc. and La-Z-Boy Incorporated. These players adopted various strategies such as product development, collaboration, partnership and others to strengthen the market position and strategize for the future.

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About us:

Next Move Strategy Consulting is a leading market research and management consulting firm committed to providing clients with strategically analyzed, well-documented, cutting-edge research reports. The research industry is awash with many companies to choose from. What sets Next Move apart from the rest is its world-class research and obsession with turning data into knowledge by analyzing every piece of it and providing fact-based research recommendations backed by information gathered from over 500 million websites, paid databases, industry journals, and One-on-one consultations with industry experts from a variety of industries have been collected. The high quality custom research reports with actionable insights and excellent end-to-end customer service help our clients make important business decisions that enable them to go ahead and have a competitive advantage in the industry.

We’ve served over 1,000 clients worldwide for over a decade, including 90% of the Fortune 500 companies. Our analysts constantly follow various high-growth markets and identify hidden opportunities in each sector or industry. We offer one of the industry’s best syndicates as well as custom research reports across 10 different industry verticals. We strive to deliver high quality research solutions in alignment with your business needs. Ranging from pre-consultation to after-sales service, our industry-standard delivery solutions deliver a superior customer experience and ensure the right strategic decision-making for businesses.


        

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