Market Analysis Report U.S. Online Residential Furniture Market

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U.S. Online Residential Furniture Market Share, Segmentation,
Research and Forecasts to 2024 | Hexa Research
“ The U.S. online residential furniture market is expected to reach USD 28.74
billion by 2024.”
02 November 2018
The U.S. online residential furniture market is expected to reach USD 28.74 billion by 2024 and is projected
to grow over the forecast period from 2017 to 2024. Growth in the market has been attributed to the stability
of the real estate sector. Home sales in the U.S. have moved northwards, and with the favorable
macroeconomic environment, consumers have started investing in associated home essentials including
furniture.
Among the various consumer groups, millennials lead the pack in the online residential furniture market.
Millennials are well-versed with digital devices and are aware of various online platforms, which coupled
with their propensity to explore and compare furniture online, places them as one of the key consumer
groups in the market. In addition, millennials make their presence active on social networking platforms and
are keen on online purchases, which makes them even more receptive of the online residential furnitu re
market.
Operational challenges, mainly related to order fulfillment continues to be a key aspect which tends to affect
their top line. To that end, unexpected delay, damaged product delivery, and an increase in service charges
by order fulfillment companies remain key challenges. For instance, in 2016, companies such as UPS and
FedEx increased their handling fee for bulky products to suffice for the space these products take in
delivery vehicles.
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