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 2022-2027.
Ready to assemble furniture is extremely customer friendly and easy to transport and has simple assembling instructions. Commercial offices prefer this furniture as they are compact in nature, easy to locate and transport. Increase in number of startups worldwide has given an opportunity for the ready to market to grow. These startup offices require compact and functional furniture for their spaces. Low cost is the main factor for ready to assemble furniture market growth. Corporate buyers and business owners prefer low cost furniture due to easy assembly. It is a consumer friendly alternative due to enhanced materials and designing innovations. Consumers prefer such furniture for their homes due to improved quality and increased options and styles. The driving force behind much of the demand for ready to assemble furniture is the consumer’s seemingly insatiable appetite for televisions, computers, and other electronic devices.
October 18, 2021:Dorel Home Continues to Grow with Strategic Capital Investments in North American Factories and Announces Key European Acquisition
The equipment improvements, to facilitate production flexibility, will be at the two ready-to assemble (RTA) furniture Ameriwood plants in Tiffin, Ohio and Cornwall, Ontario, as well as at Dorel Home Products (DHP) in Montreal, Quebec. The upgrades which total approximately US$10.0 million across Dorel Home’s North American manufacturing base will bring back some production from Asia, helping to offset the industry-wide supply chain issues and will better position the segment for growth with value added innovative new products.
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 Inc. (Toronto:DII-B.TO), Bush Industries, Whalen Furniture, Homestar North America, IKEA, Flexsteel (Home Styles), Simplicity Sofas, Prepac, South Shore and others.
RTA (Ready-to-assemble) Furniture Market is segmented based on the type, applications, companies and regions.
On The Basis of Type:
On The Basis of Application:
On The Basis of Material:
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.
Report Attributes
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Report Details |
Forecast Period 2022 to 2027 CAGR |
CAGR of 4.6% during the review period (2022 to 2027). |
By Type |
Material Types
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By Application |
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By Companies
| Sauder Woodworking, Dorel Industries, Bush Industries, Whalen Furniture, Homestar North America, IKEA, Flexsteel (Home Styles), Simplicity Sofas, Prepac, South Shore |
Regions Covered
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2022 |
Forecast Year
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2022 to 2027 |
Customization Available
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Yes, the report can be customized as per your needs |
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.
What is the study period of this market?
The RTA (Ready-to-assemble) Furniture Market is studied from 2017 - 2027.
What is the growth rate of RTA (Ready-to-assemble) Furniture Market?
The RTA (Ready-to-assemble) Furniture Market is growing at a CAGR of 4.6% over the next 4.6 years.
Who are the key players in RTA (Ready-to-assemble) Furniture Market?
Sauder Woodworking, Dorel Industries, Bush Industries, Whalen Furniture, Homestar North America, IKEA, Flexsteel (Home Styles), Simplicity Sofas, Prepac, South Shore
What region does this RTA (Ready-to-assemble) Furniture Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of RTA (Ready-to-assemble) Furniture Market?
Independent Specialist Retailers, Independent Furniture Chains, Convenient Stores, Others (Online)
What are the major end-use applications of RTA (Ready-to-assemble) Furniture Market?
Office RTA Furniture, Residential RTA Furniture
SECONDARY RESEARCH
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.
PRIMARY RESEARCH
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.
MARKET ENGINEERING
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.
EXPERT VALIDATION
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.
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