$10.4bn
$XXX.Xm
44,314
20,977
$XXX.Xm
Revenue for the Online Kitchenware Sales industry has seen substantial expansion over the five years to 2023, driven primarily by the boosted prevalence of e-commerce and income expansion. IBISWorld expects industry revenue to swell at a CAGR of 7.7% to $10.4 billion over the five years to 2023, including a 2.0% boost in revenue in 2023. However, strengthened competition from an influx of new entrants has intensified price competition, effectively reducing general industry profitability. Overall, IBISWorld expects industry profit, measured as earnings before interest and taxes, to account for 3.9% of revenue in 2023, which represents no change from 2018. While online kitchenware sales revenue has strengthened consistently over the past five years, COVID-19 has presented a unique opportunity to industry operators.Industry revenue has grown strongly during the period, including a surge in 2020 alone. The coronavirus outbreak significantly disrupted the broader retail sector, as traditional brick-and-mortar establishments were forced to cease operations in compliance with social distancing guidelines. That's why the percentage of business conducted online shot up in 2020, allowing online kitchenware sales operators to capture a larger share of revenue that would typically be allocated toward physical retail competitors. Nonetheless, more substantial demand gains were slightly offset by consumer spending dipping in 2020.Moving forward, online kitchenware sales revenue is forecast to continue expanding at a decelerated rate. Overall, IBISWorld expects revenue to inch up at a CAGR of 1.6% to $11.2 billion over the five years to 2028. In general, the outlook for e-commerce remains positive, but full-on adoption of online retail channels will likely require substantial infrastructure investment before significant rewards can be realized. However, the coronavirus outbreak has presented a unique opportunity for digital retailers to fill a demand void left by traditional brick-and-mortar retailers, which may permanently shift consumer preference in favor of e-commerce and other online service channels. Further, continued adoption of retail through mobile devices will likely amplify this encroachment impact. Similarly, anticipated boosts in per capita disposable income and consumer spending will drive digital and physical retail over the next five years.
Industry revenue has grown at a CAGR of 7.7 % over the past five years, to reach an estimated $10.4bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Williams-Sonoma, Inc. | 782.5 | 111.3 | 14.2 | |
The Webstaurant Store, Inc. | 190.8 | 7.9 | 4.1 |
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Industry revenue is measured across several distinct product and services lines, including Cookware, Kitchen appliances and electronics and Bakeware. Cookware is the largest segment of the Online Kitchenware Sales in the US.
High-tech gadgets fuel kitchen appliance sales boom
This industry retails a range of home furnishing goods, including cookware, glassware, dinnerware and decorative accessories, via the internet. Merchandise is purchased from domestic (in some cases international) manufacturers and wholesalers, and then sold to the public online.
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NAICS 45411 - Online Kitchenware 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.
The e-commerce sector, particularly online kitchenware sales, has surged because of the pandemic, with mobile shopping and digital payments playing key roles. Millennials, hi...
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Kitchenware stores often thrive in the Southeast, with Florida having most establishments because of its older, house-owning population. The Western region, specifically Cali...
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Online kitchenware retailers endure internal competition through identical product lines, requiring them to compete on price and customer service. To maintain competitiveness...
Learn about the performance of the top companies in the industry.
There’s only one major player in the Online Kitchenware Sales industry holding at least 5.0% market share. That company is Williams-Sonoma, which comprises just over 10.0% ma...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Streamlined Sales and Use Tax Agreement, upheld by a Supreme Court ruling, requires online retailers to collect sales tax. Additional laws mandate timely shipment of good...
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Despite growth in online kitchenware sales, profit have remained relatively constant because of internal competition and boosted inventory purchases. Large competitors tend t...
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:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Online Kitchenware Sales in the US industry in United States is $10.4bn in 2024.
There are 20,977 businesses in the Online Kitchenware Sales in the US industry in United States, which has grown at a CAGR of 10.0 % between 2018 and 2023.
The market size of the Online Kitchenware Sales in the US industry in United States has been growing at a CAGR of 7.7 % between 2018 and 2023.
Over the next five years, the Online Kitchenware Sales in the US industry in United States is expected to grow.
The biggest companies operating in the Online Kitchenware Sales market in United States are Williams-Sonoma, Inc. and The Webstaurant Store, Inc.
Retailing metal cookware and Retailing metal bakeware are part of the Online Kitchenware 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 increasing in the Online Kitchenware Sales in the US industry in United States.