Revenue in the Furniture segment is projected to reach US$528.50bn in 2023.
Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 9.67%, resulting in a projected market volume of US$764.50bn by 2027.
With a projected market volume of US$157,400.00m in 2023, most revenue is generated in the United States.
In the Furniture segment, the number of users is expected to amount to 2,089.9m users by 2027.
User penetration will be 18.6% in 2023 and is expected to hit 26.3% by 2027.
The average revenue per user (ARPU) is expected to amount to US$369.20.
The eCommerce market segment Furniture centers on the commercial online sale of different movable commodities designed to support various day-to-day actions and functions, such as seating (e.g., chairs and sofas), sleeping (e.g., beds and mattresses), holding and storing objects (e.g., closets and dressers), in both B2C (business to consumer) and B2B (business to business) contexts. Unmovable household objects (e.g., sinks, faucets) and electronic household appliances are excluded. Although furniture sometimes has a decorative, symbolic, or religious purpose, the focus here is on furniture with a primarily functional purpose, and the market is segmented accordingly. Important providers in this market segment are the online stores wayfair.com and ikea.com. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
Seats and sofas
Beds and mattresses
Tables and shelves
Rugs, lamps, and lighting
Other furniture made of various materials
Baths, sinks, faucets, and other unmovable objects