Furniture & Homeware market in Iceland

The Icelandic Furniture & Homeware eCommerce market is predicted to reach US$102.4 million by 2024 and accounts for 11.7% of the total eCommerce market in Iceland. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 3.6%, resulting in a projected market volume of US$117.9 million by 2028. Within the Furniture & Homeware market ECDB considers the following two sub-markets: Furniture and Homeware.

Market development

eCommerce revenue development in the Tables market in Iceland

The Icelandic Tables eCommerce market is predicted to reach US$6.1 million by 2024 and accounts for 17.6% of the Home & Living eCommerce market in Iceland. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 3.1%, resulting in a projected market volume of US$6.9 million by 2028. The Tables eCommerce market is a sub-market of the Home & Living market. Further categories within the Home & Living market are: Beds, Cabinets & Shelves, Chairs, Mattresses, and Other Home & Living Furniture.

eCommerce revenue development in the Tables market in Iceland

in million US$

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

eCommerce revenue growth in the Tables market in Iceland

in %

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

Net eCommerce revenue split by sub-category

in %

Note: Data shown is using current exchange rates.

Source: ECDB analysis

20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)83.655.845.914.268.684.694.667.4

Online share

eCommerce online share of the total Tables market in Iceland

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the Icelandic Tables retail market, the online share is 27.3% and will increase by an average of 10.4% to 40.6% by 2028.

eCommerce online share of the total Tables market in Iceland

in %

Note: Data shown is using current exchange rates.

Source: Statista Market Insights , ECDB analysis

20202021202220232024202520262027
Online share (in %)79.2%40.7%19.5%64.1%59.5%1.6%77.1%29.6%

Market definition

Definition of the Tables market within the Furniture & Homeware market

Market definition: Furniture & Homeware > Furniture > Home & Living > Tables The category Tables includes the online trade of tables (e.g. dining tables, coffee tables, console tables, kitchen tables). This category does not cover nightstands, study desks or computer desks. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Tables (e.g. dining tables, coffee tables, console tables, kitchen tables)

Out-of-scope

  • Nightstands
  • Study desks
  • Computer desks
  • Outdoor tables
  • Pool and game tables

Market comparison

The Icelandic Tables market in a global comparison

Market comparison by growth, online share, and revenue in 2023

in %

Source: ECDB analysis