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The e-commerce furniture market size has grown strongly in recent years. It will grow from $32.21 billion in 2023 to $34.60 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to a shift toward online shopping, changes in regulations, fluctuations in disposable income, aging populations, and changing household structures. The e-commerce furniture market size is expected to see strong growth in the next few years. It will grow to $46.80 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to mobile commerce growth, growing consumer awareness regarding eco-friendly materials, personalization trends, globalization of supply chains, and partnerships. Major trends in the forecast period include sustainable and eco-friendly furniture, expansion of e-commerce platforms, omnichannel retailing, augmented reality (AR) and virtual reality (VR).
The widespread use of smartphones is expected to drive the growth of the e-commerce furniture market. Smartphones, portable electronic devices designed for communication and internet access, have become increasingly prevalent due to their convenience and accessibility to internet services. E-commerce furniture retailers have optimized their websites and developed mobile apps to enhance browsing and purchasing experiences on smartphones and tablets. For instance, according to the Department of Telecommunications in Vietnam, smartphone subscribers reached 93.5 million by March 2022, covering 73.5% of the adult population, showcasing the extensive smartphone usage driving the e-commerce furniture market.
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What Are The Key Trends That Influence E-Commerce Furniture Share Analysis?
Major companies in the e-commerce furniture market are incorporating AI-powered interactive design experiences to enhance online shopping and gain a competitive advantage. AI-powered interactive design experiences revolutionize online furniture shopping by allowing customers to visualize furniture in their spaces. For instance, in June 2022, IKEA, a Netherlands-based furniture company, launched IKEA Kreativ, an AI-powered interactive design tool available on its website and app. This feature uses spatial computing, machine learning, and 3D mixed-reality technologies to create accurate interior design simulations, enabling users to design and visualize their living spaces.
Which Market Players Are Driving Growth In The E-Commerce Furniture Market?
Major companies operating in the e-commerce furniture market are Walmart Inc., Amazon.com Inc., The Home Depot Inc., JD.com Inc., Lowe’s Companies Inc., Inter IKEA Systems B.V., Coupang Corp., Wayfair Inc., Anthropologie LLC, Ashley Furniture Industries Inc., Steelcase Inc., HNI Corporation, Dunelm Group plc, La-Z-Boy Incorporated, Knoll Inc., Ethan Allen Interiors Inc, Westwing, Hooker Furniture Corporation, Cdiscount.com Inc., Bassett Furniture Industries Inc., CB2 , Hayneedle Inc., Cymax Group, Tmall.com, Bygghemma Group First AB
How Is The Global E-Commerce Furniture Market Segmented?
1) By Type: Ready-To-Assemble (RTA); Assembled
2) By Product Type: Beds And Mattresses; Sofas And Armchairs; Entertainment Units; Storage Units; Tables And Desks; Other E-Commerce Furniture
3) By Material Type: Wooden E-Commerce Furniture; Metal E-Commerce Furniture; Plastic E-Commerce Furniture; Leather E-Commerce Furniture; Glass E-Commerce Furniture
4) By End Use: Residential; Commercial; Industrial
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The E-Commerce Furniture Global Market Report 2024 provides an overview of the E-commerce furnituremarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The E-commerce furniture market forecast analyzes E-commerce furniture market size, E-commerce furniture market share, leading competitor and their market positions.
The Table Of Content For The E-Commerce Furniture Market Include
1. E-Commerce Furniture Market Executive Summary
2. E-Commerce Furniture Market Segments
3. E-Commerce Furniture Market Size And Template Market Growth Rate
4. Key E-Commerce Furniture Market Trends
5. Major E-Commerce Furniture Market Drivers
……
25. Key Mergers And Acquisitions In The E-Commerce Furniture Market
26. Top E-Commerce Furniture Companies
27. E-Commerce Furniture Market Opportunities And Strategies
28. E-Commerce Furniture Market, Conclusions And Recommendations
29. Appendix
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