Industry Analysis & Industry Trends
The Online Home Furnishing Retailing industry has grown strongly over the past five years. An improving economy combined with rising levels of consumer confidence has led to increased demand for industry services as expenditure on discretionary items increased. Following the global recession in 2008, consumers became more value conscious. This supported growth in the industry, as consumers migrated online in search of bargains. The industry is in its infancy, meaning it started the period at a low base. Over the past decade, online furniture retailing has lagged behind other areas of e-commerce, partly because furniture is relatively difficult and expensive to deliver. However, this trend is gradually changing as operators' logistics have improved... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Online Home Furnishing Retailing industry is projected to exhibit exceptional growth over the five years through 2016-17 as economic conditions strengthen further and consumers become increasingly comfortable with online shopping. Over the 10 years through 2021-22, IBISWorld expects industry value added, which measures the industry's contribution to the overall economy, to grow at a compound annual rate of 9%, outperforming GDP, which is expected to grow at a compound annual rate of 2.3% over the same period.
The rapid increase in the number of establishments is a trait of an industry in the growth stage of its life cycle. As consumers become more comfortable with online shopping, an increasing number of operators have entered the industry. Man.. purchase to read more