E-Commerce Furniture Market Key Insights 2024-2033: Growth Rate, Trends And Opportunities
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What is the Expected Growth Rate of the E-Commerce Furniture Market from 2024 to 2033?
The e-commerce furniture market has shown strong growth, expected to rise from $32.21 billion in 2023 to $34.60 billion in 2024, at a CAGR of 7.4%. This growth can be attributed to the shift towards online shopping, regulatory changes, fluctuations in disposable income, an aging population, and changing household dynamics.
The e-commerce furniture market is expected to see strong growth, reaching $46.80 billion by 2028, with a CAGR of 7.8%. Growth is attributed to mobile commerce growth, consumer awareness of eco-friendly materials, personalization trends, global supply chain globalization, and partnerships. Major trends include sustainable furniture, e-commerce platform expansion, omnichannel retailing, and AR/VR integration.
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What Key Factors Are Fueling the Growth of the E-Commerce Furniture Market?
The widespread use of smartphones is anticipated to enhance the growth of the e-commerce furniture market going forward. Smartphones serve as versatile devices for communication and internet access, gaining popularity for their convenience and app availability. E-commerce furniture retailers are optimizing their platforms for mobile use. For instance, the Department of Telecommunications in Vietnam reported in April 2022 that smartphone subscribers increased to 93.5 million, representing 73.5% of the adult population. Thus, the rising use of smartphones is driving the growth of the e-commerce furniture market.
What Are the Major Segments of the E-Commerce Furniture Market?
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
What New Trends Are Transforming the E-Commerce Furniture Market?
Major companies in the e-commerce furniture market are leveraging AI to create interactive design experiences for customers. For instance, in June 2022, IKEA launched IKEA Kreativ, an AI-powered tool for virtual room planning on its website and app.
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Which Regions Are Driving Growth in the E-Commerce Furniture Market?
North America was the largest region in the e-commerce furniture market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the e-commerce furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The E-Commerce Furniture Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the e-commerce furniture market, its market share, and analyzes key competitors along with 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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