Furnished for success: The growing popularity of online shopping has boosted industry revenue

The widespread acceptance of internet shopping has contributed to rapid revenue growth for the Online Household Furniture Sales industry over the past five years. Lower prices, the ability to conveniently compare products and increased transaction security have aided industry sales. Industry revenue is expected to rise by an annualised 15.9% over the five years through 2017-18, to $533.3 million. This includes growth of 7.8% in the current year. While industry revenue has grown from a low base, the industry has still performed well as Australians have increasingly used the internet to purchase household furniture.Pure-play furniture retailers have a cost advantage over traditional retailers...read more.

Industry Statistics & Market Size
Revenue
$533m
Annual Growth 13-18
15.9%
Forecast Growth 18-23
x.x%lock
Profit
x.x%lock
Employment
816
Businesses
214
Market Share of Companies

Industry Threats & Opportunities

  • Improving transaction security for online purchases has supported industry revenue growth
  • Growth in mobile internet connectivity and online security have helped drive revenue growth
  • Increasing competition is projected to reduce industry profit margins over the next five years

    • shopping_cartPURCHASE OPTIONS Whats in this report faqs Download Sample
    IBISWorld client - ADP Watch Testimonial
    ... DigiCert Seal

    Industry Report - Industry Analysis Chapter

    Increased internet usage and greater confidence in online shopping have contributed to rapid growth for the Online Household Furniture Sales industry. The industry is expected to grow at an annualised 15.9% over the five years through 2017-18. This is partially due to the industry starting from a low base year, but also due to robust growth in internet connections over the past five years. In 2017-18, the industry is forecast to expand by 7.8% to reach $533.3 million. Profitability has increased due to improvements in economies of scale and labour-saving capital investments. The industry has quickly expanded as consumers have increasingly used online shopping. Ope...purchase to read more.

    Additional Insights for the Online Household Furniture Sales Industry

    IBISWorld has determined the most important Key Success Factors for the Online Household Furniture Sales are:

  • Having a clear market position
  • Provision of superior after sales service
  • Ability to control stock on hand

    • IBISWorld analysts also discuss how external factors such as Consumer sentiment index and Demand from house construction in the Online Household Furniture Sales industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    Look under the hood?

    Download a FREE sample report

    Download Sample

    Top 500 Companies List
    has been released

    Click here for more

    What's in this report

    Industry Products

    What is the Online Household Furniture Sales Industry?

    Industry companies retail a range of new indoor and outdoor home furniture, such as couches, beds, tables and chairs through the internet. Industry goods are typically purchased from domestic and international manufacturers and wholesalers, and sold online to the public.

    Industry Products
  • Lounge and dining room furniture
  • Other furniture
  • Bedroom furniture
  • Outdoor furniture
    • Industry Activities
  • Online sale of lounge furniture
  • Online sale of dining room furniture
  • Online sale of bedroom furniture
  • Online sale of outdoor furniture
    • Table of Contents

    About this Industry

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources

    Industry at a Glance

    Industry Statistics Snapshot
    Industry Structure
    Executive Summary

    Industry Performance

    Executive Summary
    Key External Drivers
  • Consumer sentiment index
  • Demand from house construction
  • Demand from online shopping
  • Internet connections
  • Real household discretionary income

    • Current Performance
  • Industry expansion
  • Online shopping acceptance
  • Pure-play approach
  • Shifting retail structure
  • Chart: Revenue Growth

    • Industry Outlook
  • Industry expansion
  • Online shopping acceptance
  • Pure-play approach
  • Demand factors
  • Table: Online Household Furniture Sales Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Online Household Furniture Sales Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Consumers

    • Key Selling Industries
  • Computer and Software Retailing
  • Furniture and Floor Covering Wholesaling
  • Internet Service Providers
  • Mattress Manufacturing
  • Metal Furniture Manufacturing
  • Wicker and Fibreglass Furniture Manufacturing
  • Wooden Furniture and Upholstered Seat Manufacturing

    • Products & Services
  • Lounge and dining room furniture
  • Bedroom furniture
  • Other furniture
  • Outdoor furniture
  • Chart: Online Household Furniture Sales Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • People aged 35 to 54
  • People aged 15 to 34
  • People aged 55 and over
  • Chart: Major Market Segmentation for the Online Household Furniture Sales Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Online Household Furniture Sales

    • Basis of Competition
  • Internal competition
  • External competition

    • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Online Household Furniture Sales Industry

    • Industry Globalization

    Major Companies

    Temple & Webster Group Ltd,
  • Table: Temple & Webster Group Ltd - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Online Household Furniture Sales Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance

    Key Statistics

    Table: Industry Data for the Online Household Furniture Sales Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Bricks-And-Mortar
  • Used to describe retailers or operations with a building or physical store.
    • Eames
  • Used to refer to classic furniture design by Charles and Ray Eames.
    • Pure-Play
  • Retailers that only operate online and do not have a traditional bricks-and-mortar store.
    • What Our Customers Say
    Why buy this report?

    IBISWorld’s Online Household Furniture Sales market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Online Household Furniture Sales:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Online Household Furniture Sales market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Online Household Furniture Sales, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Join IBISWorld today

    Become a Member shopping_cartPURCHASE OPTIONS

    Contact Us

    Want to speak to a representative? Call us.

    phone +61 3 9655 3800    OR     Enquire Here
    clear