Furniture E-commerce Market Volume Forecast and Value Chain Analysis 2028

26/nov/2021 03:32:47 Ethan Smith Contatta l'autore

Report Description

A recent market intelligence report that is published by Data Insights Partner on the global Furniture E-commerce Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Furniture E-commerce Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Furniture E-commerce Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of Furniture E-commerce Market is offered. In accordance with the report, the global Furniture E-commerce Market is projected to expand by a healthy CAGR over the period of forecast.

Market Insight, Drivers, Restraints, Opportunity & Trends of the Market:

Definition

Furniture E-commerce refers to the business of selling and buying furniture online either direct from the manufacturer or through a retailer. It includes choosing and ordering furniture completely online using some online websites. But the installation process can be segmented into two different categories– do-it-yourself which means that installing and organising it on one’s own; professional which implies that the company will send profession help to install the furniture.

Market Drivers

The growing home and office refurnishing sector is the main driver behind the rapid growth of Furniture E-commerce Market. The rising need of furniture to use in the home, institutional building and other buildings is driving the growth rate of Furniture E-commerce Market to rise up high.

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Beside this, the rapid urbanization, growing population, rising per capita income are also some of the key players behind the rapid growth of the Furniture E-commerce Market.

Aside from these, rising foreign investments in the global Furniture E-commerce sector are also adding fuel to this increasing market growth.

The regular introduction of different and brand-new types of Furniture E-commerce with better technologies and qualities in different price range to satisfy the varying tastes of the customers is also attracting new consumers and thus helping the growth rate of Furniture E-commerce Market to rise high. The convenience and efficiency of Furniture E-commerce is also helping in the expansion of the said market.

Market Restraints

The Furniture E-commerce Market has a huge potential. Though it is expanding very fast day by day, many things are preventing it from using its full potential. Some of these restraints are–

High prices of the raw materials, high production costs, installation, maintenance and repairing high cost of R&D activities and high transportation and import costs resulting into high costs of the premium quality end products.

Lack of awareness about the availability and benefits of the Furniture E-commerce in the developing countries.

Vulnerable to cyber attacks and lack of security.

Availability of substitutes at lower prices.

Opportunities

The Furniture E-commerce Sector is expected have huge opportunities of market expansion as the usage of Furniture E-commerce is very high in the residential and offices and education industries for its multiple benefits. The healthcare sectors will also be offering some huge opportunities for growth.

Trends

During the forecast period, Asia Pacific followed by North America are expected to have the largest share of Furniture E-commerce Market. The demand for these products in Asia Pacific regions is driven by its expanding construction and building sectors, growing population and rising disposable income among individuals. It is also believed that on the basis of product type, the wooden and steel segments will face the highest growth rate for its relatively low prices, high demand, better usage qualities, efficiency and convenience.

Segment Covered:

This market intelligence report on the global Furniture E-commerce Market encompasses market segments based on product type, material type, service type, payment method, application, end usage, distributional channel and country.

           By Product Type the global Furniture E-commerce Market has been divided into:

 

q  Bedroom

q  Kitchen

q  Drawing Room

q  Office

q  Study

q  Outdoor

q  Others

 

           By Material Type the global Furniture E-commerce Market has been divided into:

 

q  Wooden

q  Steel

q  Iron

q  Plastics

q  Others

 

           By Service Type the global Furniture E-commerce Market has been divided into:

 

q  Do-it-yourself

q  Professional

q  Others

 

           By Payment Method the global Furniture E-commerce Market has been divided into:

 

q  Online

q  Cash-on-delivery

q  Others

 

            By Application the global Furniture E-commerce Market has been divided into:

 

q  Residential

q  Office

q  Education

Healthcare

q  Others

 

            By End Usage the global Furniture E-commerce Market has been divided into:

 

q  Personal

q  Commercial

            By Distributional Channel the global Furniture E-commerce Market has been divided into:

q  Manufacturers

q  E-tailers

q  Non-specialist Dealers

q  B2B and Wholesalers

q  Brick-and-Click Companies

q  Others

 

             By country/region, the global Furniture E-commerce Market has been divided into:

 

q  North America (the U.S., Canada),

q  Latin America (Brazil, Mexico, Argentina and other countries),

q  Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),

q  Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),

q  Middle East and Africa (GCC, South Africa, Israel and Other countries).

Profiling of Market Players:

This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:

Amazon

Ambientedirect

Anthropologie

Coupang

Cymax

Dunhelm

Flipkart

Harvey Normal

Hayneedle

Home Depot

Home 24

Ikea

John Lewis

Lowe’s

Otto

Overstock

Restoration Hardware

Wal-Mart

Wayfair

Westwing

 

others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Furniture E-commerce Market related investment & spending and developments by major players of the market are tracked in this global report.

 

Report Highlights:

In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter's five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.

Get Request for Table of Contents: https://datainsightspartner.com/report/furniture-e-commerce-market/865#tableOfContent

Few Recent Developments

Amazon

The largest e-commerce providing company Amazon has announced their “festive sale” strategy to attract more customers by offering lucrative sale offers and no-shipping-charge delivery for buying products over a certain price level.

Ikea

In September, 2020, one of oldest furniture e-commerce market player with more than 70 years of experience, Ikea has announced their collaboration with ASUS Republic of Gamers to develop a new range of gaming furniture and other accessories with new technologies to bring the gaming experience to a whole new level.

 

Salient Features:

Ø This study offers comprehensive yet detailed analysis of the Furniture E-commerce Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year

Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market

Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook

Ø Profiling of key market players in the world Furniture E-commerce Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview

Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of different type of models, government initiatives, marketing tactics and expansion, and technical up gradation

Ø The world market for Furniture E-commerce caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Furniture E-commerce Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants

Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports

Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation

Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion

Reasons to buy:

v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Furniture E-commerce Market

v Identification of key factors driving investment opportunities in the Furniture E-commerce Market

v Facilitate decision-making based on strong historic and forecast data

v Position yourself to gain the maximum advantage of the industry’s growth potential

v Develop strategies based on the latest regulatory events

v Identify key partners and business development avenues

v Respond to your competitors’ business structure, strategy and prospects

v Identify key strengths and weaknesses of important market participants

Full View of Report Description: https://datainsightspartner.com/report/furniture-e-commerce-market/865

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