According to the latest report by IMARC Group, titled “RTA Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026.‘ the global RTA furniture market reached a value of US$ XX Billion in 2020. Ready-to-assemble (RTA) furniture refers to a form of furniture that requires assembling with the help of simple tools. They are generally flat-packed or unassembled with multiple components that require minimal packaging and can fit into a small space. Commonly manufactured using wood, glass and steel, they are highly functional and space-efficient in nature. They are widely available in a vast array of materials, sizes and designs that can be customized as per the customer’s requirement.
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The global market is majorly driven by the increasing preference for flexible furniture across the residential segment. This is further supported by the rising trend of shifting to new locations for job and business opportunities among millennials. Apart from this, continual technological advancements in the market have led to the introduction of click furniture technology that minimizes the requirement of nuts and bolts for furniture assembly, which is gaining widespread prominence among the masses. Some of the other factors contributing to the market include the easy product availability through online and offline channels and the expanding expenditure capacities of the consumers. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape:
- 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
Key Market Segmentation:
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)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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