NEW
YORK, Jan. 18, 2022 /PRNewswire/ -- The latest
online home décor market report by Technavio indicates that the
increased online spending of consumers and smartphone penetration
is driving this market's growth.
Resulting in market growth of USD
52.95 billion from 2020 to 2025, read
additional information about the online home decor
market. Get FREE sample report.
Vendor Landscape
The market structure is expected to
remain fragmented during the forecast period. Vendors are deploying
different organic and inorganic growth strategies to compete in the
market.
Amazon.com Inc., Ashley Furniture Industries Inc., Bed Bath and
Beyond Inc., Inter IKEA Holding BV, Herman Miller Inc., Urban
Outfitters Inc., LaZBoy Inc., Wayfair Inc., Walmart Inc. and
Williams-Sonoma Inc. among others are some of the few key vendors
competing to maintain their market position in the market.
Various players in the market are engaging in strategic
partnerships and joint ventures coupled with launching
differentiated products to enhance their game in the online home
décor industry.
View more about the market's vendor
landscape highlights with a comprehensive list of vendors and their
offerings.
Key Market Segmentation
- Segmentation by Product:
-
- Online Home Furniture:
-
- The rise in the preference of online shopping is significantly
driving the online home furniture market share growth.
- The online channel enables the manufacturers to partner with
other third-party e-retailers and expand their distribution network
or even to establish their own online shopping portals. Also, this
has allowed the manufacturers to ensure that the products sold
offline are made available online too. Moreover, Tier I and Tier II
cities are the targeted markets mainly for the furniture
manufacturers because the vendors in these cities provide access to
all the requirements of operating their online distribution
channels such as logistics and e-retailers.
- Online Home Furnishing
- Other online home decorative products
Request a FREE Sample of this report for more
highlights into the market segments.
Regional Market Outlook
Europe will contribute to 42% of the market
growth during the forecast period. The growth of this region can be
attributed to increase in residential construction projects due to
the expansion of urban population base. This region is expected to
witness faster growth than the other market regions such as
North America, South America, and MEA.
Apart from regions, if we look at the country-wise market
growth, Germany and UK are the key
markets driving the online home décor in Europe.
Download our FREE sample report for
more key highlights on the regional market share of most of the
above-mentioned countries.
Latest Trends, Driving the Global Online Home Décor
Market
- Market Driver:
-
- The increase in online spending and smartphone
penetration:
The rise in internet penetration and online shopping through
smartphones is one of the key drivers for the global online home
décor market share growth. As websites provide more detailed
information about the product quality, user guidance, safety
measures which, in turn, is rising the demand for e-retailing.
Moreover, consumers are a lot more comfortable purchasing
on-the-go, along with the inclusion of secured payments, free
delivery, and improved user interface. Therefore, rising online
retail is a key driver for the growth of online home décor market
during the forecast period.
- Market Trend:
-
- Growing demand for eco-friendly home décor:
The rise in consciousness for a healthy environment is another
key driver enhancing the online home décor market share growth
during the forecast period. Moreover, the stringent government
regulations for monitoring the usage of non-recyclable components
is forcing the brand owners to opt for eco-friendly furniture and
other-furnishing products. This has motivated various home decor
manufacturers to go green and provide eco-friendly home decor
items. Therefore, the increased environmental concerns
resulting in the use of eco-friendly manufacturing material is
positively impacting the global online home décor market.
Find additional information about various other market
drivers & trends mentioned in our FREE sample
report.
Need More? Are You Looking for Information Not Covered in
This Report?
- Want to understand more about the various research
methodology?
- Evaluate a specific segment or region in detail
- Identify key suppliers, customers, or other market players
- Analyze market regulations
Tailor this report according to your needs. Get it done
with our $1000 worth of free
customization. Speak to Our Analyst Now!
Related Reports:
Online Furniture by Market Application and Geography –
Forecast and Analysis 2020-2024
Home Furnishing Market by Product and Geography – Forecast
and Analysis 2021-2025
Online Home
Decor Market Scope
|
Report
Coverage
|
Details
|
Page number
|
120
|
Base year
|
2020
|
Forecast
period
|
2021-2025
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
9%
|
Market growth
2021-2025
|
$ 52.95
billion
|
Market
structure
|
Fragmented
|
YoY growth
(%)
|
7.30
|
Regional
analysis
|
Europe, North America,
APAC, South America, and MEA
|
Performing market
contribution
|
Europe at
42%
|
Key consumer
countries
|
US, UK, China, Germany,
Canada, and Japan
|
Competitive
landscape
|
Leading companies,
Competitive strategies, Consumer engagement scope
|
Key companies
profiled
|
Amazon.com Inc., Ashley
Furniture Industries Inc., Bed Bath & Beyond Inc., Herman
Miller Inc., Inter IKEA Holding BV, LaZBoy Inc., Urban Outfitters
Inc., Walmart Inc., Wayfair Inc., and Williams-Sonoma
Inc.
|
Market
dynamics
|
Parent market analysis,
Market growth inducers and obstacles, Fast-growing and slow-growing
segment analysis, COVID-19 impact and recovery analysis and future
consumer dynamics, Market condition analysis for the forecast
period
|
Customization
purview
|
If our report has not
included the data that you are looking for, you can reach out to
our analysts and get segments customized.
|
About Us
Technavio is a leading global technology
research and advisory company. Their research and analysis focus on
emerging market trends and provides actionable insights to help
businesses identify market opportunities and develop effective
strategies to optimize their market positions. With over 500
specialized analysts, Technavio's report library consists of more
than 17,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of
enterprises of all sizes, including more than 100 Fortune 500
companies. This growing client base relies on Technavio's
comprehensive coverage, extensive research, and actionable market
insights to identify opportunities in existing and potential
markets and assess their competitive positions within changing
market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/technavios-online-home-decor-market-report-highlights-the-key-findings-in-vendor-landscape-regions-and-latest-drivers-and-trends-301462078.html
SOURCE Technavio