Global ready to assemble furniture market likely to drive due to the high customer friendly and easy to transport, compact in nature, easy to locate and transport along with the low cost of RTA furniture
Global ready to assemble furniture market size projected to grow at a CAGR of over 5.12 % during 2020-2027. The primary factors are the rise in demand for customization needs of ready to assemble furniture products as per the availability of space in the home setting. Additionally, the growing use of new and innovative raw materials results in lightweight furniture that is economical, requires less raw materials to design, and convenient to transport, which will trigger the growth of the market. Moreover, the increasing consumer's preference for ready to assemble furniture for their homes attributable to improved quality and increased options and styles propelling the growth of the ready to assemble furniture market across the globe. Also, the surge in demand for RTA on account of its convenience in packing and less occupancy in small living households is expected to foster the global market growth.
The growing development of the addition of integrated wireless charging facilities with bedside tables in modified RTA collection will be key factors to drive the global ready to assemble furniture industry in the forecast span. The recent development in RTA cuts down the involvement of nuts and bolts when assembling the furniture, and the product initially contains a storage unit, shelf, and a chest of drawers, which will demand ready to assemble furniture in the upcoming periods.
Material Overview in the Global Ready to Assemble Furniture Market
Based on material, the global Ready to assemble furniture market classified into wood, glass, plastic, steel, and metal. The wood segment likely to lead the market by 2027, on account of rising demand for wood RTA in bedroom, living room, and kitchen and dining space, which are produced with various materials such as engineered wood, Sheesham wood, and solid wood.
The Steel segment will grow with a lucrative CAGR during the forecast period due to the surge in demand for steel furniture frames.
Application Overview in the Global Ready to Assemble Furniture market
Based on the application, the global Ready to assemble furniture market segregated into residential and commercial. The residential segment witnessed the largest market share in 2019 and will dominate the global Ready to assemble the furniture market by 2027. It is owing to less costly, ease of transport of such furniture to customer's home, and innovation in RTA products inclined towards antique and ready-to-use furniture products.
The commercial segment will grow with a significant CAGR during the forecast period due to the rise in the number of startups and growth in industrialization across developing countries that demand laptop utility desk made of glass and aluminum and office décor.
Distribution Channel Overview in the Global Ready to Assemble Furniture Market
Based on distribution, the global Ready to assemble furniture market classified into online and offline (large format stores, exclusive stores, and small retail shops). The online segment will be the fastest-growing segment in the forecast span owing to the ease of shipment, and the transportation of RTA products through the online channel has developed greater access to consumers.
Regional Overview in the Global Ready to Assemble Furniture Market
By geography, the global Ready to assemble furniture market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Europe held a higher market share in 2019 and will continue its dominance by 2027. It is attributable to the presence of established players and growing preference for the new materials, surfaces, and devices related to kitchen segment furniture.
Global Ready to Assemble Furniture Market: Competitive Landscape
Companies such as Inter IKEA Holding, Sauder Woodworking Company, Dorel Industries Inc., Ashley Home Stores, Ltd., Steinhoff International, Alphason Designs, Godrej Interio, DMI Furniture, Inc, Tvilum A/S, Simplicity Sofas, Sauder Woodworking Company, Fabritec (EUROSTYLE), Bush Industries, Inc. and Home Reserve LLC., are the key players in the global ready to assemble furniture market.
Global Ready to Assemble Furniture Market Report Content 1. Research Strategic Development 1.1. Market Modelling 1.2. Product Analysis 1.3. Market Trend and Economic Factors Analysis 1.4. Market Segmental Analysis 1.5. Geographical Mapping 1.6. Country Wise Segregation 2. Research Methodology 2.1. Identification of Target Market 2.2. Data Acquisition 2.3. Refining of Data/ Data Transformations 2.4. Data Validation through Primary Techniques 2.5. Exploratory Data Analysis 2.6. Graphical Techniques/Analysis 2.7. Quantitative Techniques/Analysis 2.8. Visual Result/Presentation 3. Executive Summary 4. Market Insights 4.1. Supply Chain Analysis 4.2. Economic Factor Analysis 4.2.1. Drivers 4.2.2. Trends 4.2.3. Opportunities 4.2.4. Challenges 4.3. Technological Landscape 4.4. Competitors & Product Analysis 4.5. Regulatory Framework 4.6. Company market share analysis, 2019 4.7. Porter's Five forces analysis 4.8. New Investment Analysis 4.9. PESTEL Analysis 5. Global Ready to Assemble Furniture Market Overview 5.1. Market Size & Forecast, 2016-2027 5.1.1. Demand 5.1.1.1. By Value (USD Million) 5.1.2. Consumption 5.1.2.1. By Volume (Thousands Unit) 5.2. Market Share & Forecast, 2016-2027 5.2.1. By Material 5.2.1.1. Wood 5.2.1.2. Glass 5.2.1.3. Plastic 5.2.1.4. Steel 5.2.1.5. Metal 5.2.2. By Application 5.2.2.1. Residential 5.2.2.2. Commercial 5.2.3. By Battery Type 5.2.3.1. Online 5.2.3.2. Offline 5.2.3.2.1. Large Format Stores 5.2.3.2.2. Exclusive Stores 5.2.3.2.3. Small Retail Shops 5.2.4. By Region 5.2.4.1. North America 5.2.4.2. Europe 5.2.4.3. Asia Pacific 5.2.4.4. South America 5.2.4.5. Middle East & Africa 6. North America Ready to Assemble Furniture Market Overview 6.1. North America Ready to Assemble Furniture Market Size & Forecast, 2016-2027 6.1.1. Demand 6.1.1.1. By Value (USD Million) 6.1.2. Consumption 6.1.2.1. By Volume (Thousands Unit) 6.2. North America Ready to Assemble Furniture Market Share & Forecast, 2016-2027 6.2.1. By Material 6.2.1.1. Wood 6.2.1.2. Glass 6.2.1.3. Plastic 6.2.1.4. Steel 6.2.1.5. Metal 6.2.2. By Application 6.2.2.1. Residential 6.2.2.2. Commercial 6.2.3. By Battery Type 6.2.3.1. Online 6.2.3.2. Offline 6.2.3.2.1. Large Format Stores 6.2.3.2.2. Exclusive Stores 6.2.3.2.3. Small Retail Shops 6.2.4. By Country 6.2.4.1. US 6.2.4.2. Canada 6.2.4.3. Mexico 6.2.5. Price-Point Analysis 6.2.6. Manufacturer & Distributor List (Top 5) 6.2.7. Company Market Share (Top 3-5) 6.2.8. Economic Impact Study on North America Ready to Assemble Furniture Market 7. Europe Ready to Assemble Furniture Market Overview 7.1. Europe Ready to Assemble Furniture Market Size & Forecast, 2016-2027 7.1.1. Demand 7.1.1.1. By Value (USD Million) 7.1.2. Consumption 7.1.2.1. By Volume (Thousands Unit) 7.2. Europe Ready to Assemble Furniture Market Share & Forecast, 2016-2027 7.2.1. By Material 7.2.1.1. Wood 7.2.1.2. Glass 7.2.1.3. Plastic 7.2.1.4. Steel 7.2.1.5. Metal 7.2.2. By Application 7.2.2.1. Residential 7.2.2.2. Commercial 7.2.3. By Battery Type 7.2.3.1. Online 7.2.3.2. Offline 7.2.3.2.1. Large Format Stores 7.2.3.2.2. Exclusive Stores 7.2.3.2.3. Small Retail Shops 7.2.4. By Country 7.2.4.1. Germany 7.2.4.2. UK 7.2.4.3. France 7.2.4.4. Italy 7.2.4.5. Rest of Europe 7.2.5. Price-Point Analysis 7.2.6. Manufacturer & Distributor List (Top 5) 7.2.7. Company Market Share (Top 3-5) 7.2.8. Economic Impact Study on Europe Ready to Assemble Furniture Market 8. Asia Pacific Ready to Assemble Furniture Market Overview 8.1. Asia Pacific Ready to Assemble Furniture Market Size & Forecast, 2016-2027 8.1.1. Demand 8.1.1.1. By Value (USD Million) 8.1.2. Consumption 8.1.2.1. By Volume (Thousands Unit) 8.2. Asia Pacific Ready to Assemble Furniture Market Share & Forecast, 2016-2027 8.2.1. By Material 8.2.1.1. Wood 8.2.1.2. Glass 8.2.1.3. Plastic 8.2.1.4. Steel 8.2.1.5. Metal 8.2.2. By Application 8.2.2.1. Residential 8.2.2.2. Commercial 8.2.3. By Battery Type 8.2.3.1. Online 8.2.3.2. Offline 8.2.3.2.1. Large Format Stores 8.2.3.2.2. Exclusive Stores 8.2.3.2.3. Small Retail Shops 8.2.4. By Country 8.2.4.1. China 8.2.4.2. India 8.2.4.3. Japan 8.2.4.4. Australia 8.2.4.5. Rest of Asia Pacific 8.2.5. Price-Point Analysis 8.2.6. Manufacturer & Distributor List (Top 5) 8.2.7. Company Market Share (Top 3-5) 8.2.8. Economic Impact Study on Asia Pacific Ready to Assemble Furniture Market 9. South America Ready to Assemble Furniture Market Overview 9.1. South America Ready to Assemble Furniture Market Size & Forecast, 2016-2027 9.1.1. Demand 9.1.1.1. By Value (USD Million) 9.1.2. Consumption 9.1.2.1. By Volume (Thousands Unit) 9.2. South America Ready to Assemble Furniture Market Share & Forecast, 2016-2027 9.2.1. By Material 9.2.1.1. Wood 9.2.1.2. Glass 9.2.1.3. Plastic 9.2.1.4. Steel 9.2.1.5. Metal 9.2.2. By Application 9.2.2.1. Residential 9.2.2.2. Commercial 9.2.3. By Battery Type 9.2.3.1. Online 9.2.3.2. Offline 9.2.3.2.1. Large Format Stores 9.2.3.2.2. Exclusive Stores 9.2.3.2.3. Small Retail Shops 9.2.4. By Country 9.2.4.1. Brazil 9.2.4.2. Argentina 9.2.4.3. Rest of South America 9.2.5. Price-Point Analysis 9.2.6. Manufacturer & Distributor List (Top 5) 9.2.7. Company Market Share (Top 3-5) 9.2.8. Economic Impact Study on South America Ready to Assemble Furniture Market 10. Middle East & Africa Ready to Assemble Furniture Market Overview 10.1. Middle East & Africa Ready to Assemble Furniture Market Size & Forecast, 2016-2027 10.1.1. Demand 10.1.1.1. By Value (USD Million) 10.1.2. Consumption 10.1.2.1. By Volume (Thousands Unit) 10.2. Middle East & Africa Ready to Assemble Furniture Market Share & Forecast, 2016-2027 10.2.1. By Material 10.2.1.1. Wood 10.2.1.2. Glass 10.2.1.3. Plastic 10.2.1.4. Steel 10.2.1.5. Metal 10.2.2. By Application 10.2.2.1. Residential 10.2.2.2. Commercial 10.2.3. By Battery Type 10.2.3.1. Online 10.2.3.2. Offline 10.2.3.2.1. Large Format Stores 10.2.3.2.2. Exclusive Stores 10.2.3.2.3. Small Retail Shops 10.2.4. By Country 10.2.4.1. Saudi Arabia 10.2.4.2. UAE 10.2.4.3. South Africa 10.2.4.4. Rest of Middle East & Africa 10.2.5. Price-Point Analysis 10.2.6. Manufacturer & Distributor List (Top 5) 10.2.7. Company Market Share (Top 3-5) 10.2.8. Economic Impact Study on Middle East & Africa Ready to Assemble Furniture Market 11. Competitor Analysis 11.1. Company Description 11.2. Financial Analysis 11.3. Key Products 11.4. Key Management Personnel 11.5. Contact Address 11.6. SWOT Analysis 11.7. Company Profile 11.7.1. Inter IKEA Holding, 11.7.2. Sauder Woodworking Company 11.7.3. Dorel Industries Inc. 11.7.4. Ashley Home Stores, Ltd. 11.7.5. Steinhoff International 11.7.6. Alphason Designs 11.7.7. Godrej Interio 11.7.8. DMI Furniture, Inc 11.7.9. Tvilum A/S 11.7.10. Simplicity Sofas 11.7.11. Sauder Woodworking Company 11.7.12. Fabritec (EUROSTYLE) 11.7.13. Bush Industries, Inc. 11.7.14. Home Reserve LLC. Other Prominent Players
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