Lewes, DE -- (SBWire) -- 04/28/2016 --Report forecast the global online home décor market to grow at a CAGR of 19.45% during the period 2016-2020.
Brick-and-mortar retail and online retail are the two key distribution channels in the retail industry.
A wide range of products are sold in the online retail market. Based on the business model of the major global online retail players, the product categories can be divided into seven major segments: consumer electronics and electricals; apparel, footwear, and accessories; music, software, books, and stationery; food and grocery; home care products; home décor; and other products.
The report covers the present scenario and the growth prospects of the global online home décor market for 2016-2020. To calculate the market size, the report considers revenue generated from the online business-to-consumer (B2C) retail sales of the following home décor products:
- Home furniture
- Home furnishings
- Other home decorative products
The market is divided into the following segments based on geography:
- Americas
- APAC
- Europe
- MEA
According to the report, in 2015, nearly 28% of the global population used smartphones. The e-commerce industry has significantly benefitted from this development, and home furniture and furnishings are important categories that have propelled the growth of the industry across regions. Consumers can now check and buy products online while on the move. This feature has led a significant number of vendors to conduct their business operations online. Vendors in the market also provide hassle-free home delivery options to customers.
Further, the report states that despite the availability of numerous apps and other services online, choosing the correct product with the correct dimensions can be a concern for consumers.
Global Online Home Decor Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the Global Online Home Decor Market: Amazon, Bed Bath & Beyond, IKEA, and Wayfair.
Other Prominent Vendors in the market are: Ashley Furniture, ATG Stores, Cabela's, Carrefour, Costco Wholesale, Herman Miller, Home24, J.C. Penney, Otto, Sears Holdings, Target, Tesco, and Walmart.
Market driver
- Increased smartphone penetration
- For a full, detailed list, view our report
Market challenge
- Difficulty in choosing product
- For a full, detailed list, view our report
Market trend
- Increase in demand for eco-friendly furnishings
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 68 pages and 37 Exhibit "Global Online Home Decor Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product type, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-online-home-decor-market-2016-2020
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