Consumer Goods & Retail

Global Ready to Assemble Furniture Market

April 30, 2020
ID: SR/CG-33
Format:Pdf
Pages:220

Global Ready to Assemble Furniture Market by Material (Wood, Glass, Plastic, Steel and Metal), By Application (Residential and Commercial), By Distribution Channel (Online, and Offline (Large Format Stores, Exclusive Stores, and Small Retail Shops)) and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)

Description

Global Ready to Assemble Furniture Market Overview:

Ready to Assemble furniture is called furniture to be assembled or assembled with specification parts. It is furniture with the main features of component production, sales, and on-site assembly. It clarifies the concept of components as products. RTA components have been standardized and serialized. High-precision or computer-controlled special equipment guarantees their high quality. The connection of the plate parts adopts the flat mouth combination method, and the round tenon and the hardware parts can be smoothly assembled without any trimming. These furnishings are found in all kinds of settings, including offices, dorm rooms, bedrooms, and even outdoors. Any furniture that comes under the category of RTA furniture includes Dressers, Nightstands, Swingsets, Beds, Cube organizers, Desks, Kitchen Cabinets, Wardrobes, Entertainment Centers, and so on.

Global Ready to Assemble Furniture Market Insights

Global ready to assemble furniture market size projected to grow at a CAGR of over 5.12 % during 2020–2027. The growth of the market can be attributed to factors such as the shifting consumer preference towards flexible furniture on account of the increasing trend for small spaced apartments. Further, consumer’s seemingly limitless craving for televisions, computers, and other electronic devices is anticipated to fuel the demand for ready to assemble furniture across the globe in the coming years. Additionally, the advent of e-commerce and the availability of free pick-up and delivery opportunity is strengthening the market growth. Moreover, the surge in popularity of high rise buildings, which obstructs big sized furniture, is expected to witness remarkable growth of ready to assemble furniture industry.

The design of the assembled furniture is more material-saving, and the production is more straightforward. The surge in demand for ready to assemble furniture in homes due to improved quality and increased options and styles will foster market growth. Furthermore, the rise in demand for convenient and comfortable shopping as a result of their hectic lifestyles and work schedules is positively impacting the demand for ready to assemble furniture in the future period. The rise in consumer preference for more trendy and innovative product designs is also fueling the demand for ready to assemble furniture in the analysis periods. Additionally, the increasing trend of shifting to a new place for job or business purposes, particularly by the younger generation, will boom the market growth in the estimated periods. The surge in demand for the RTA storage cabinets and bookshelves on account of the high demand for customization needs of these products will promulgate the global ready to assemble furniture market share.

Growth Driver

Growing consumer preference for customization feature in home furnishing

The ready to assemble furniture is easy to use and assemble, more convenient to carry. Urban residents generally live in buildings. In this way, it is very inconvenient to choose single-piece large cabinets, large bookcases, chests of drawers, etc. The assembled furniture is connected by metal components, which is convenient for disassembly and assembly. A set of furniture looks like a giant, which can be completed by one person. It is called furniture to be assembled or assembled furniture with specification parts. It is furniture with the main features of component production, sales, and on-site assembly.

Material Segmental Analysis

Based on material, the global Ready to assemble furniture market classified into wood, glass, plastic, steel, and metal. The wood segment accounted for the highest market share in 2019. It is attributable to its long durability, more robust reliability, and great appearance, which makes it an essential category in the home furnishing segment.

The steel segment will garner a significant market share in the forecast period. It is owing to consumer preference for steel furniture to its strong bearing capacity and longer life, and it is used in RTA shelves and storage organizers as a result of the rigid and stronghold of bolts.

Application Segmental Analysis

Based on the application, the global Ready to assemble furniture market segregated into residential and commercial. The residential segment held a higher revenue share in 2019 and projected to dominate the ready to assemble furniture market by 2027. It is primarily attributed to the increasing prices of conventional furniture, and RTA furniture help to save households space on account of being portable and flexible to provide a spacious feel to the house.

The commercial segment will grow with a lucrative growth rate in the forecast period. It is due to businesses and offices that are using RTA furniture as it is low budget investment allotted to office décor and furnishing with easy storage and shelving experience. Additionally, growing trends of relocation in cases of new businesses increases the importance of RTA furniture in the commercial application.

Distribution Channel Segmental Analysis

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 offline segment will garner higher market potential by 2027. It is due to the easy availability of customized furniture in large format stores, exclusive stores, and small retail shops.

The online segment will be the fastest-growing segment in the forecast period due to the growth of the e-commerce industry and the availability of free pick-up and delivery by online retailers.

Region Segmental Analysis

By geography, the global Ready to assemble furniture market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Europe is slated to account for a significant share by 2027 in the ready to assemble furniture market. The growth in the region can be attributed to the growing importance of portable and flexible furniture in countries like the UK, France, and Germany, etc. and changing shift of consumers towards the trend of corner kitchen, which helps in utilizing space more efficiently.

The Asia Pacific is expected to provide significant growth opportunities due to rising disposable income of the population, increasing the real estate sector in developing countries, and the surge in demand for the customization and space-saving features by the young people.

Competitor Analysis

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.

Key Stakeholders

Market research and consulting firms
Industry associations
Global ready to assemble furniture manufacturing firm
Research organizations and consulting companies
Organizations, associations, and alliances related to ready to assemble furniture
Regulatory bodies
Suppliers
Retailers

The objective of the Research

Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Material

Wood
Glass
Plastic
Steel
Metal

By Application

Residential
Commercial

By Distribution Channel

Online
Offline
- Large Format Stores
- Exclusive Stores
- Small Retail Shops

By Region

North America
Europe
Asia Pacific
South America
Middle East & Africa

Table Of Contents

Global Ready to Assemble Furniture Market

Report Content

Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
Executive Summary
Market Insights
- Supply Chain Analysis
- Economic Factor Analysis
  - Drivers
  - Trends
  - Opportunities
  - Challenges
- Technological Landscape
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
Global Ready to Assemble Furniture Market Overview
- Market Size & Forecast, 2016-2027
  - Demand
    - By Value (USD Million)
  - Consumption
    - By Volume (Thousands Unit)
  - Market Share & Forecast, 2016-2027
    - By Material
      - Wood
      - Glass
      - Plastic
      - Steel
      - Metal
    - By Application
      - Residential
      - Commercial
    - By Battery Type
      - Online
      - Offline
        Large Format Stores
        Exclusive Stores
        Small Retail Shops
      - By Region
        North America
        Europe
        Asia Pacific
        South America
        Middle East & Africa

North America Ready to Assemble Furniture Market Overview
- North America Ready to Assemble Furniture Market Size & Forecast, 2016-2027
  - Demand
    - By Value (USD Million)
  - Consumption
    - By Volume (Thousands Unit)
  - North America Ready to Assemble Furniture Market Share & Forecast, 2016-2027
    - By Material
      - Wood
      - Glass
      - Plastic
      - Steel
      - Metal
    - By Application
      - Residential
      - Commercial
    - By Battery Type
      - Online
      - Offline
        Large Format Stores
        Exclusive Stores
        Small Retail Shops
      - By Country
        US
        Canada
        Mexico
      - Price-Point Analysis
      - Manufacturer & Distributor List (Top 5)
      - Company Market Share (Top 3-5)
      - Economic Impact Study on North America Ready to Assemble Furniture Market

Europe Ready to Assemble Furniture Market Overview
- Europe Ready to Assemble Furniture Market Size & Forecast, 2016-2027
  - Demand
    - By Value (USD Million)
  - Consumption
    - By Volume (Thousands Unit)
  - Europe Ready to Assemble Furniture Market Share & Forecast, 2016-2027
    - By Material
      - Wood
      - Glass
      - Plastic
      - Steel
      - Metal
    - By Application
      - Residential
      - Commercial
    - By Battery Type
      - Online
      - Offline
        Large Format Stores
        Exclusive Stores
        Small Retail Shops
      - By Country
        Germany
        UK
        France
        Italy
        Rest of Europe
      - Price-Point Analysis
      - Manufacturer & Distributor List (Top 5)
      - Company Market Share (Top 3-5)
      - Economic Impact Study on Europe Ready to Assemble Furniture Market

Asia Pacific Ready to Assemble Furniture Market Overview
- Asia Pacific Ready to Assemble Furniture Market Size & Forecast, 2016-2027
  - Demand
    - By Value (USD Million)
  - Consumption
    - By Volume (Thousands Unit)
  - Asia Pacific Ready to Assemble Furniture Market Share & Forecast, 2016-2027
    - By Material
      - Wood
      - Glass
      - Plastic
      - Steel
      - Metal
    - By Application
      - Residential
      - Commercial
    - By Battery Type
      - Online
      - Offline
        Large Format Stores
        Exclusive Stores
        Small Retail Shops
      - By Country
        China
        India
        Japan
        Australia
        Rest of Asia Pacific
      - Price-Point Analysis
      - Manufacturer & Distributor List (Top 5)
      - Company Market Share (Top 3-5)
      - Economic Impact Study on Asia Pacific Ready to Assemble Furniture Market

South America Ready to Assemble Furniture Market Overview
- South America Ready to Assemble Furniture Market Size & Forecast, 2016-2027
  - Demand
    - By Value (USD Million)
  - Consumption
    - By Volume (Thousands Unit)
  - South America Ready to Assemble Furniture Market Share & Forecast, 2016-2027
    - By Material
      - Wood
      - Glass
      - Plastic
      - Steel
      - Metal
    - By Application
      - Residential
      - Commercial
    - By Battery Type
      - Online
      - Offline
        Large Format Stores
        Exclusive Stores
        Small Retail Shops
      - By Country
        Brazil
        Argentina
        Rest of South America
      - Price-Point Analysis
      - Manufacturer & Distributor List (Top 5)
      - Company Market Share (Top 3-5)
      - Economic Impact Study on South America Ready to Assemble Furniture Market

Middle East & Africa Ready to Assemble Furniture Market Overview
- Middle East & Africa Ready to Assemble Furniture Market Size & Forecast, 2016-2027
  - Demand
    - By Value (USD Million)
  - Consumption
    - By Volume (Thousands Unit)
  - Middle East & Africa Ready to Assemble Furniture Market Share & Forecast, 2016-2027
    - By Material
      - Wood
      - Glass
      - Plastic
      - Steel
      - Metal
    - By Application
      - Residential
      - Commercial
    - By Battery Type
      - Online
      - Offline
        Large Format Stores
        Exclusive Stores
        Small Retail Shops
      - By Country
        Saudi Arabia
        UAE
        South Africa
        Rest of Middle East & Africa
      - Price-Point Analysis
      - Manufacturer & Distributor List (Top 5)
      - Company Market Share (Top 3-5)
      - Economic Impact Study on Middle East & Africa Ready to Assemble Furniture Market

Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
  - 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.
  - Home Reserve LLC.
  - Other Prominent Players

Methodology

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Shingetsu Research

Global Ready to Assemble Furniture Market

Global Ready to Assemble Furniture Market Overview:

Global Ready to Assemble Furniture Market Insights

Growth Driver

Growing consumer preference for customization feature in home furnishing

Material Segmental Analysis

Application Segmental Analysis

Distribution Channel Segmental Analysis

Region Segmental Analysis

Competitor Analysis

Key Stakeholders

The objective of the Research

Market Modelling

Report Content

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