Driven by the availability of products at an attractive price range along with low cost factor associated with the second hand furniture, the consumers are adopting various furniture designs which are able to meet their requirements. Further, the rising penetration of the second hand furniture across the online channels along with the growing demand in the commercial sector is expected to increase the overall demand for the second hand furniture around the globe. In addition to that, there is a presence of large number of online and offline second hand goods retailers that are estimated to increase the availability of the goods in the worldwide off-the-shelf second hand furniture market.
The global off-the-shelf second hand furniture market accounted for USD 29,302.7 Million in 2017. The cost saving benefits of the second hand furniture and increasing desire of consumers to save money around the globe is predicted to benefit the expansion of the global off-the-shelf second hand furniture market by reaching USD 47,560.0 Million by the end of 2025, expanding at a CAGR of 6.4% over the forecast period i.e. 2018-2025.
In terms of market segmentation, the global off-the-shelf second hand furniture market is divided by distribution channel into online and offline store, out of which, the offline store dominated the overall market by holding around 90% of the total market share during 2017 and is further estimated to behold its dominant stance over the forecast period.However, on the back of growing number of the internet and smartphone users, the market share for the online stores segment is expected to grow at a CAGR of 10.4% over the forecast period.
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The report titled “Global Off-the-Shelf Second Hand Furniture Market Outlook: Industry Insights & Opportunity Evaluation 2017 – 2025” also includes some prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
Market Segment as follows: By Region / Countries
- North America (U.S. & Canada)
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific)
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa)
This report also studies existing competitive scenario of some of the key players of the global off-the-shelf second hand furniture market which includes profiling of Inter IKEA Group, Beverly Hills Chairs, Steelcase Inc., London Aerons Ltd., Rework by ROE, Top online refurbished furniture channels – Ebay, Craiglist, Etsy, Amazon and Yelp.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Global Off-the-Shelf Second Hand Furniture Market Outlook 2025”, analyses the overall off-the-shelf second hand furniture industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global off-the-shelf second hand furniture market in the near future.
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