Registering a CAGR of 4.6% over the forecast period, the ready to assemble furniture market is anticipated to grow by US $15980 million over the course of 2021-2026.
RTA aka ready to assemble furniture is also known by names flat-pack, self-assembly, kit furniture or knock-down. The ready to assemble furniture is shipped to the customers either unassembled or flat-packed who then arrange and assemble as per their requirement. The RTA furniture has evolved since its inception through development in designs, material quality and technology.
In terms of product type, the Residential RTA Furniture is donimating the market, with a market share of 73.5% in 2016, and the rest is Office RTA Furniture, which occupied for 26.5%. In future, the Residential RTA Furniture will remain the leading role.
In terms of sales chanels, the online developed rapidly in the past few years, due to more and more consumers choose to purchase RTA furniture through smartphone, tablets and PC. In fugure, the online will gradually more important to RTA Furniture manufactuers.
Bush Industries launches new site rapidly, improves customer experience.
Bush Industries has built an industry-leading reputation selling office and home furniture through large retail chains. When the company made a strategic decision to engage more directly with consumers, it deployed a new web site created with the Evoq Content. The rich tools and modules helped the development team create a visually rich portal that quickly connects customers with the products they want, while creating a valuable flow of information between Bush and its retail partners.
Top Key players in the RTA (Ready-to-assemble) Furniture Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global RTA (Ready-to-assemble) Furniture Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Sauder Woodworking, Dorel Industries, Bush Industries, Whalen Furniture, Homestar North America, IKEA, Flexsteel (Home Styles), Simplicity Sofas, Prepac, South Shore and others.
Global RTA (Ready-to-assemble) Furniture Market research provides a detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
RTA (Ready-to-assemble) Furniture Market is segmented based on the type, applications, companies and regions.
The report offers in-depth assessment of the growth and other aspects of the RTA (Ready-to-assemble) Furniture Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
In the previous year, Europe was holding the largest share more than 34.5% of the ready-to-assemble (RTA) furniture market. The increasing importance of flexible and portable furniture in several European countries such as Germany, France, and the U.K. is a key factor for regional market growth.
Asia Pacific is expected to grow with the fastest CAGR of more than 6.5% over the forecast period. The growth of RTA furniture is attributed to increasing development and the trend of the nuclear family in several countries including Indonesia, Japan, and China. This factor is urging the consumers to invest in these products owing to small space homes.
RTA (Ready-to-assemble) Furniture Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global RTA (Ready-to-assemble) Furniture Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2021-2026. The report presents the analysis of RTA (Ready-to-assemble) Furniture Market for the historical period of 2017-2021 and the forecast period of 2021-2026.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.