Online Furniture Market Records Growth Worth $ 84.26 bn during
NEW YORK, Sept. 7, 2021 /PRNewswire/ —
The online furniture market is set to grow by USD 84.26 billion, decelerating at a CAGR of almost 16% during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Technavio offers an up-to-date analysis regarding the current global market scenario and the overall market environment.
The rise in online spending and smartphone penetration, growth in the global real estate industry, and evolving home and living concepts will offer immense growth opportunities. In addition, surging innovative product designs and growing mobile commerce and network marketing are prominent trends likely to influence the market growth positively in the forthcoming years. However, stringent government regulations on e-retailers and longer replacement cycle of products will hamper the market growth.
Online Furniture Market 2020-2024: Segmentation
Online Furniture Market is segmented as below:
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Online Furniture Market 2020-2024: Vendor Analysis and Scope
The online furniture market is concentrated, and the degree of concentration will decelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Some of the major vendors of the online furniture market include Alibaba Group Holding Ltd., Amazon.com Inc., American Signature Inc., Ashley Furniture Industries Inc., eBay Inc., Herman Miller Inc., Inter IKEA Systems BV, Kimball International Inc., Steelcase Inc., and Steinhoff International Holdings NV. Backed with competitive intelligence and benchmarking, our research reports on the online furniture market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
The report also covers the following areas:
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Online Furniture Market size
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Online Furniture Market trends
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Online Furniture Market industry analysis
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Online Furniture Market 2020-2024: Key Highlights
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CAGR of the market during the forecast period 2020-2024
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