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.
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
q 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:
q Amazon
q Ambientedirect
q Anthropologie
q Coupang
q Cymax
q Dunhelm
q Flipkart
q Harvey Normal
q Hayneedle
q Home Depot
q Home 24
q Ikea
q John Lewis
q Lowe’s
q Otto
q Overstock
q Restoration Hardware
q Wal-Mart
q Wayfair
q 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.
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