Global Online Furniture Market was valued at USD 81,702 million in 2018 at a CAGR of 20.2% during the forecast period 2021–2026.

Online Furniture Market 2021

Furniture is one of the fastest-growing segments in retail e-commerce as the consumers have become more inclined towards buying multi-purpose, foldable, and technology-driven furniture through e-commerce sites on account of comfort, heavy discounts, and trendy designs. Online shopping has become hassle-free as users can easily return and exchange the products. Some of the key e-commerce platform to buy genuine products include Amazon, Flipkart, Pepperfry, Urban ladder, Snapdeal, and Woodenstreet. Rising penetration of smartphones and increasing spending on online shopping are some of the factors driving the market growth.

In the last few years, technological advancements such as augmented reality, IoT, virtual reality, machine learning, and mobile technology have completely revolutionized the online furniture business. Today, a number of players are launching their own online platform and are entering into partnerships with the e-commerce retail stores to strengthen their distribution network. In developed nations, leading furniture brands are offering customization, which is gaining popularity amongst various consumer groups. Augmented reality offers the consumers to browse the furniture at the comfort of home, which not only increases the convenience of furniture shopping but also offers the buyers to learn more about the product. For instance, the IKEA Place app lets the users preview over 2,000 furniture pieces by virtually placing the items at home and scaling the cataloged items to fit the room before purchasing the furniture. 

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The Major Manufacturers Covered in this Report:
Some of the prominent players in the online furniture market include Ashley Furniture Industries, Ekornes, Inc., Herman Miller Inc., Inter IKEA Systems B.V., and Steelcase Inc. 

Years that have been considered for the study of this report are as follows:

History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2026

Market Segmentation:

By Raw Material

Wood
Metal
Plastic

By Application

Household
Office
Contract

Regional Segmentation:

North America (The US, Canada, and Mexico)
Europe (Germany, France, the UK, and Rest of the World)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America.)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)

Additionally, the analysis also delivers a comprehensive review of the crucial players on the Online Furniture Market along with their company profiles, SWOT analysis, latest advancement and business plans.

The analysis objectives of the report are:

To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
To know the Online Furniture Market by pinpointing its many sub segments.
To profile the important players and analyze their growth plans.
To endeavor the amount and value of the Online Furniture Market sub-markets, depending on key regions (various vital states).
To analyze the Global Online Furniture Market concerning growth trends, prospects and also their participation in the entire sector.
To examine and study the Global Online Furniture Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions.
Primary worldwide Global Online Furniture Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.

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