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RTA (Ready-to-assemble) Furniture Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Sauder Woodworking, Dorel Industries, Bush Industries, Whalen Furniture

08 Jan, 2020 | 90 Pages
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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.



RTA (Ready-to-assemble) Furniture Market Overview



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.



Industry News and Recent Updates:



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.



Who are the Major Players in RTA (Ready-to-assemble) Furniture Market?



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.



What are the major Applications, Types and Regions for RTA (Ready-to-assemble) Furniture Market?



RTA (Ready-to-assemble) Furniture Market is segmented based on the type, applications, companies and regions.



On The Basis of Type: 




  • Independent Specialist Retailers

  • Independent Furniture Chains

  • Convenient Stores

  • Others (Online)



On The Basis of Application: 




  • Office RTA Furniture

  • Residential RTA Furniture



On The Basis of Material:




  • Wood

  • Glass

  • Steel

  • Others



RTA (Ready-to-assemble) Furniture Market Regional Analysis: 



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. 




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





What is our RTA (Ready-to-assemble) Furniture Market report scope?



















































 



Report Attributes



 



 



Report Details



 



Forecast Period 2022 to 2027 CAGR



 



CAGR of 4.6% during the review period (2022 to 2027).



 



By Type




  • Independent Specialist Retailers

  • Independent Furniture Chains

  • Convenient Stores

  • Others (Online)



Material Types




  • Wood

  • Glass

  • Steel

  • Others



 



By Application




  • Office RTA Furniture

  • Residential RTA Furniture



 



 



 



By Companies



 



Sauder Woodworking, Dorel Industries, Bush Industries, Whalen Furniture, Homestar North America, IKEA, Flexsteel (Home Styles), Simplicity Sofas, Prepac, South Shore



 



 



Regions Covered



 




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



 



 



 



 



 



 



 



 



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



 



Base Year



 



 



2022



 



Historical Year



 



 



2017 to 2022



 



Forecast Year



 



 



2022 to 2027



 



Customization Available



 



 



Yes, the report can be customized as per your needs




Key Takeaways from this RTA (Ready-to-assemble) Furniture Report




  • Evaluate RTA (Ready-to-assemble) Furniture market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.

  • Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.

  • Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.

  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.

  • Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the RTA (Ready-to-assemble) Furniture market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.



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.



Frequently Asked Questions



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


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL RTA (READY-TO-ASSEMBLE) FURNITURE MARKET BY TYPES

    3. GLOBAL RTA (READY-TO-ASSEMBLE) FURNITURE MARKET BY APPLICATIONS



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR RTA (READY-TO-ASSEMBLE) FURNITURE



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST ON MATERIALS



    3. OPPORTUNITIES

      1. RTA (READY-TO-ASSEMBLE) FURNITURE GROWTH

      2. APPLICATION OF RTA (READY-TO-ASSEMBLE) FURNITURE



    4. IMPACT OF COVID 19



  5. GLOBAL RTA (READY-TO-ASSEMBLE) FURNITURE MARKET BY TYPES

    1. INTRODUCTION

    2. INDEPENDENT SPECIALIST RETAILERS

    3. INDEPENDENT FURNITURE CHAINS

    4. CONVENIENT STORES

    5. OTHERS



  6. GLOBAL RTA (READY-TO-ASSEMBLE) FURNITURE MARKET BY MATERIAL TYPES

    1. WOOD

    2. GLASS

    3. STEEL

    4. OTHER



  7. GLOBAL RTA (READY-TO-ASSEMBLE) FURNITURE MARKET BY APPLICATION

    1. INTRODUCTION

    2. OFFICE RTA FURNITURE

    3. RESIDENTIAL RTA FURNITURE

    4. OTHERS



  8. GLOBAL RTA (READY-TO-ASSEMBLE) FURNITURE MARKET BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  9. COMPETITIVE LANDSCAPE

    1. MERGERS ACQUISITIONS JOINT VENTURES COLLABORATIONS

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  10. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. SAUDER WOODWORKING

      2. DOREL INDUSTRIES

      3. BUSH INDUSTRIES

      4. WHALEN FURNITURE

      5. HOMESTAR NORTH AMERICA

      6. IKEA

      7. FLEXSTEEL (HOME STYLES)

      8. SIMPLICITY SOFAS

      9. PREPAC

      10. SOUTH SHORE







 

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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