The global RTA furniture market size reached US$ 14.7 Billion in 2023. Looking forward, the market is expected to reach US$ 22.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2023-2032.
Ready-to-assemble (RTA) furniture refers to knock-down or kit furniture that can be built or assembled onsite using simple tools. Some of the commonly available RTA furniture include tables, desks, sofas, chairs, cabinets, wardrobes and beds. They are either shipped flat-packed or unassembled in multiple components and manufactured using wood, glass and steel.
RTA furniture is highly functional, requires minimal packaging and can fit into small spaces. They are available in a wide variety of sizes, materials and designs and can be customized as per the requirement of the consumer. Individuals can also add personalized fittings and embellishments to enhance the aesthetic appeal of the furniture. As a result, they are widely used across residential and commercial complexes.
In line with this, aggressive promotional activities by product manufacturers and vendors, along with convenient product availability through proliferating online retail channels, is also contributing to the market growth. Other factors, including the rising expenditure capacities of the consumers, along with the increasing demand for luxurious and premium-quality furnishing products, are anticipated to drive the market toward growth.
2. What is the expected growth rate of the global RTA furniture market during 2024-2032?
3. What are the key factors driving the global RTA furniture market?
4. What has been the impact of COVID-19 on the global RTA furniture market?
5. What is the breakup of the global RTA furniture market based on the product?
6. What is the breakup of the global RTA furniture market based on the distribution channel?
7. What is the breakup of the global RTA furniture market based on the end user?
8. What are the key regions in the global RTA furniture market?
9. Who are the key players/companies in the global RTA furniture market?
Ready-to-assemble (RTA) furniture refers to knock-down or kit furniture that can be built or assembled onsite using simple tools. Some of the commonly available RTA furniture include tables, desks, sofas, chairs, cabinets, wardrobes and beds. They are either shipped flat-packed or unassembled in multiple components and manufactured using wood, glass and steel.
RTA furniture is highly functional, requires minimal packaging and can fit into small spaces. They are available in a wide variety of sizes, materials and designs and can be customized as per the requirement of the consumer. Individuals can also add personalized fittings and embellishments to enhance the aesthetic appeal of the furniture. As a result, they are widely used across residential and commercial complexes.
RTA Furniture Market Trends:
The increasing preference for flexible furniture among the masses is one of the key factors driving the growth of the market. RTA furniture is widely used across apartments and offices with limited spaces. Moreover, the emerging trend of shifting to multiple locations for jobs or business purposes, especially among the millennials, is also impacting the demand for easy-to-move furniture. Various product innovations, such as the launch of click furniture technology that minimizes the utilization of nuts and bolts for assembling the furniture, are acting as other growth-inducing factors. The technology also provides enhanced stability by locking the corners and front and back panels.In line with this, aggressive promotional activities by product manufacturers and vendors, along with convenient product availability through proliferating online retail channels, is also contributing to the market growth. Other factors, including the rising expenditure capacities of the consumers, along with the increasing demand for luxurious and premium-quality furnishing products, are anticipated to drive the market toward growth.
Key Market Segmentation:
This report provides an analysis of the key trends in each sub-segment of the global RTA furniture market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on product, material, distribution channel and end user.Breakup by Product:
- Tables
- Chairs and Sofas
- Storage
- Beds
- Others
Breakup by Material:
- Wood
- Glass
- Steel
- Others
Breakup by Distribution Channel:
- Specialty Stores
- Flagship Stores
- Home Centers
- Online Stores
- Others
Breakup by End User:
- Residential
- Commercial
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Ashley HomeStore, Bush Furniture, Flexsteel Industries Inc., Homestar Corporation, Inter IKEA Systems B.V., Prepac Manufacturing Ltd, Sauder Woodworking Co., Simplicity Sofas, South Shore Furniture, Tvilum A/S, Walker Edison Furniture Company LLC and Whalen Furniture (Li & Fung Limited).Key Questions Answered in This Report
1. What was the size of the global RTA furniture market in 2023?2. What is the expected growth rate of the global RTA furniture market during 2024-2032?
3. What are the key factors driving the global RTA furniture market?
4. What has been the impact of COVID-19 on the global RTA furniture market?
5. What is the breakup of the global RTA furniture market based on the product?
6. What is the breakup of the global RTA furniture market based on the distribution channel?
7. What is the breakup of the global RTA furniture market based on the end user?
8. What are the key regions in the global RTA furniture market?
9. Who are the key players/companies in the global RTA furniture market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global RTA Furniture Market
6 Market Breakup by Product
7 Market Breakup by Material
8 Market Breakup by Distribution Channel
9 Market Breakup by End User
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Ashley HomeStore
- Bush Furniture
- Flexsteel Industries Inc.
- Homestar Corporation
- Inter IKEA Systems B.V.
- Prepac Manufacturing Ltd
- Sauder Woodworking Co.
- Simplicity Sofas
- South Shore Furniture
- Tvilum A/S
- Walker Edison Furniture Company LLC
- Whalen Furniture (Li & Fung Limited)
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 139 |
| Published | September 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 14.7 Billion |
| Forecasted Market Value ( USD | $ 22.5 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
