Online Kitchenware Sales in the US - Industry Market Research Report

Online Kitchenware Sales in the US - Industry Market Research Report
Online Kitchenware Sales in the US

Revenue for the Online Kitchenware Sales industry has seen substantial expansion over the five years to 2023, driven primarily by the boosted prevalence of e-commerce and income expansion. IBISWorld expects industry revenue to swell at a CAGR of 7.7% to $10.4 billion over the five years to 2023, including a 2.0% boost in revenue in 2023. However, strengthened competition from an influx of new entrants has intensified price competition, effectively reducing general industry profitability. Overall, IBISWorld expects industry profit, measured as earnings before interest and taxes, to account for 3.9% of revenue in 2023, which represents no change from 2018. While online kitchenware sales revenue has strengthened consistently over the past five years, COVID-19 has presented a unique opportunity to industry operators.

This industry retails a range of home furnishing goods, including cookware, glassware, dinnerware and decorative accessories, via the internet. Merchandise is purchased from domestic (in some cases international) manufacturers and wholesalers, and then sold to the public online.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.