Research Support Specialist, USA
The global e-commerce furniture and homeware market size is expected to reach USD 270.8 billion by 2028, registering a CAGR of 6.6% over the forecast period, according to a new report by Million Insights. This can be attributed to growing demand for furniture and homeware products on e-commerce portals from developed as well as developing countries. The growth of the market can proliferate during the forecast period due to growing demand for furniture in the bedroom and living rooms coupled with growth in real estate construction projects commenced by governments specifically in urban areas.
For instance, in India, the Ministry of Housing and Urban Affairs is liable for initiating and approving infrastructure development in metropolitan cities and urban towns of India. All these factors are expected to drive the growth of this market in the coming years. The inclination of moving abroad for work and studies is also impelling market growth. For instance, a huge population from India of consumer groups is migrating to North American countries such as U.S. and Canada, which is impacting the demand for these products in the region, eventually driving the global demand. Also, frequent innovation in homeware products impels the consumer to purchase the product frequently. Thus, all these factors are expected to drive the growth of this market during the forecast period.
The kitchens type segment is projected to show good growth in the market during the forecast period. This growth is credited to the accumulative demand for these products in developed regions such as North America and Europe. Growth in the usage of different types of kitchenware in developed nations is one of the factors certainly driving the market growth. A growing number of households and prompt development are also some of the significant factors enhancing the segment growth in the coming years. North America is expected to show lucrative growth in this market during the forecast period. The increasing demand for furniture, lighting, and usage of textiles in this region is driving the growth of this market. The growth of the market is accredited to increased penetration of online sale channels and wider product accessibility.
The report “E-Commerce Furniture And Homeware Market Size, Share & Trends Analysis Report By Type [Furniture, Household Goods, Kitchens, (Glass, Ceramics, Porcelain, Antiques, & Decoration), (Lamps, Lights & Bulbs)], By Region, And Segment Forecasts, 2021 - 2028” is available now to Million Insights
Million Insights has segmented the global e-commerce furniture and homeware market on the basis of type and region:
E-Commerce Furniture And Homeware Type Outlook (Revenue, USD Million, 2017 - 2028)
E-Commerce Furniture And Homeware Regional Outlook (Revenue, USD Million, 2017 - 2028)