Online Household Furniture Market in the US 2015-2019
About Online Household Furniture
Furniture is a term which refers to any kind of movable object that is built to support most human activities such as sleeping, eating, sitting, and many others. It can also be used for decorative or symbolic purposes. Basically, furniture is made from materials such as wood, plastic, and metal. It can also be made from any other material. The online mode of selling furniture refers to purchasing furniture using the internet from online retail channels. The online household furniture market has been increasingly gaining momentum during the recent years. It offers a diverse range of indoor as well as outdoor household furniture, such as, tables, beds, chairs, and sofas, through the internet. It offers convenient options to the customers to select and purchase furniture, which is then delivered at their door step. Customers have various options of choosing from regional to international manufacturers ensuring return on investment.
TechNavio's analysts forecast the Online Household Furniture market in the US to grow at a CAGR of 10.06 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Online Household Furniture market in the US during the period 2015-2019. To calculate the market size, the report takes into consideration the revenue generated from online retail sales of furniture in the market.
TechNavio's report, Online Household Furniture Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Online Household Furniture Market in the US 2015-2019
TechNavio recognizes the following companies as the key players in the Online Household Furniture Market in the US: Overstock.com Inc., Wayfair LLC and Williams-Sonoma Inc.
Other Prominent Vendors in the market are: Armstrong Cabinets, Ashley Furniture, Haworth, Heritage Home Group, HNI, IKEA, Kimball International, La-Z-Boy, Leggett & Platt, Masco, MasterBrand Cabinets and Steelcase International.
Commenting on the report, an analyst from TechNavio’s team said: “One major trend emerging in this market is the aggressive marketing strategies of vendors. Also, in regard to digital catalogues, vendors are providing customers with enhanced digital services to attract and retain their expanding customer base.”
According to the report, one of the main drivers in this market is the increase in construction activities. The construction industry has witnessed growth with improvements in the US economy. With the growth in the economy, people are investing more in buying houses. As a result, development in the Construction industry is fuelling demand for furniture.
Further, the report states that one of the main challenges in this market is the high shipping and logistics costs incurred by vendors. Customers order products from manufacturers around the world. The supply chain delivery costs of the product to the customer lead to an increase in the price of the end product and, hence, restrain the growth of the market.
Overstock.com , Wayfair , Williams-Sonoma , Armstrong Cabinets, Ashley Furniture, Haworth, Heritage Home Group , HNI, IKEA, Kimball International, La-Z-Boy, Leggett & Platt, Masco, MasterBrand Cabinets, Steelcase International