Global Furniture & Homeware market

The global Furniture & Homeware eCommerce market is expected to increase over the next years. It is predicted to reach US$422,893.2 million by 2024 and the expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 8.4%. ECDB considers the following two sub-markets within the Furniture & Homeware market: Furniture and Homeware. Furniture is the largest sub-market and accounts for 55.8% of the global Furniture & Homeware market.

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 global Furniture & Homeware retail market, the online share is 27.4% and will increase by an average of 3.5% to 31.5% by 2028.

With sales in the global Furniture & Homeware market, jd.com generated a revenue of US$11,583.4 million in 2023, which means it is the leading online store in this market. The global Furniture & Homeware ranking is based on all online stores that generated sales in this market in 2023. Due to a country- and category-dependent approach, both national and international online stores can be part of the ranking. The ranking shows a filtered revenue. It only includes sales within the market Furniture & Homeware.

With 92.0% VISA the most commonly offered payment method of all online stores in the worldwide Furniture & Homeware eCommerce market in 2023. Like VISA Mastercard with a share of 91.8% and American Express with a share of 51.0% the payment type Cards is the most common used by online retailers in in the worldwide Furniture & Homeware eCommerce market in 2023. Other commonly used payment methods in that market are PayPal (E-wallets) with 65.0% and Bank transfer/cash in advance (Bank transfer) with 46.9% of stores offering that payment method to the clients.

Despite DHL's dominant position with 25.1% of online stores opting for its services, the worldwide Furniture & Homeware eCommerce market in 2023 remains diverse and competitive. Several other shipping service providers, including UPS (United Parcel Service), DPD, FedEx, and GLS, hold smaller but significant shares, contributing to a dynamic and fragmented market.

In the worldwide Furniture & Homeware eCommerce market, there is intense competition among various shop software solutions, leading to a highly fragmented landscape in 2023. None of the major shop software solution, including Shopify, Magento, and WooCommerce, have been able to secure a market share exceeding 14.3%, suggesting a diversified market with numerous players holding smaller stakes.