Furniture Re-Commerce: A Niche Segment with Significant Potential
In this report, we explore the online furniture re-commerce market and examine some of its key players.
- Furniture re-commerce is the online trade of previously owned furniture and housewares.
- Approximately 25% of Americans indicate that they have sold used furniture.
- Approximately half of American consumers say that they prefer to buy new or unused furniture, while only 8% say that they prefer to buy used furniture.
- In the US, 60% of consumers who buy secondhand furniture have household incomes of less than $75,000 and approximately half of them live in urban settings.