$16.3bn
$XXX.Xm
96,928
50,343
$XXX.Xm
Over the past five years, various trends have supported revenue growth for the Online Home Furnishings industry. While the popularity of online shopping was already growing, COVID-19 triggered a significant rise in online sales. With lockdowns and social distancing mandates in place, individuals spent increased time at home, focusing on improving their living spaces. This shift caused a notable increase in demand for home furnishings via online channels, particularly as physical stores were either closed or operating at reduced capacity. Additionally, demographic shifts have played a crucial role; Millennials and Gen Z, who are comfortable with digital platforms and value convenience and customization, have driven much of the online sales growth. Escalating competition has also pushed retailers to innovate and differentiate through unique product offerings, superior customer service and eco-friendly practices, compelling the industry to evolve rapidly. Overall, industry revenue is expected to have grown at a CAGR of 10.6% to $16.3 billion over the past five years, including an expected bump of 4.0% in 2024 alone.
Industry revenue has grown at a CAGR of 10.6 % over the past five years, to reach an estimated $16.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Williams-Sonoma, Inc. | 5,718.1 | 1,030.8 | 18.0 | |
Bed Bath & Beyond Inc. | 1,535.2 | -20.9 | -1.4 | |
Walmart Inc. | 1,529.4 | 48.2 | 3.2 |
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Industry revenue is measured across several distinct product and services lines, including Textile products, Kitchenware and Decorative accessories. Textile products is the largest segment of the Online Home Furnishing Sales in the US.
Decorative accessories maintain their popularity
This industry retails a range of home furnishing goods, such as curtains, draperies, blinds, shades and decorative accessories, via the internet. Merchandise is purchased from domestic, or in some cases international, manufacturers and wholesalers and is then sold to the public online.
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NAICS 45411 - Online Home Furnishing Sales in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Technological innovation is boosting sales for online home furnishing retailers. The ability to purchase home furnishings online has become easier and more attractive.
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Kitchen and textile products remain strong through highs and lows. These items have a short life span which means they are replaced more frequently and they are nondiscretion...
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The Southeast region has the highest concentration of establishments. This region is the most heavily populated in the US, making it a strategic place for online retailers to...
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Strong price competition limits profit. Comparing prices online is now easier and faster, enabling businesses to raise their prices and increase revenue.
Learn about the performance of the top companies in the industry.
William-Sonoma is a major company in the industry because of its large scope of operations. It covers four different industries which are home furnishing, kitchenware, cookwa...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Companies that operate online retail websites are required to maintain proper data security practices. This ensures that customer information remains safe which helps encoura...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit has increased over the past five years along with rising revenue. However, as competition heats up in the coming years, profit will be pressured.
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Online Home Furnishing Sales in the US industry in United States is $16.3bn in 2024.
There are 50,343 businesses in the Online Home Furnishing Sales in the US industry in United States, which has grown at a CAGR of 14.2 % between 2019 and 2024.
The market size of the Online Home Furnishing Sales in the US industry in United States has been growing at a CAGR of 10.6 % between 2019 and 2024.
Over the next five years, the Online Home Furnishing Sales in the US industry in United States is expected to grow.
The biggest companies operating in the Online Home Furnishing Sales market in United States are Williams-Sonoma, Inc., Bed Bath & Beyond Inc. and Walmart Inc.
Textile products and Kitchenware are part of the Online Home Furnishing Sales in the US industry.
The company holding the most market share in United States is Williams-Sonoma, Inc..
The level of competition is high and steady in the Online Home Furnishing Sales in the US industry in United States.