Ready to Assemble Furniture Market 2021-2027 Business Overview, Growth Analysis, Trends, Outlook, Analysis By – Bush Industries, Dorel Industries
The analyst is monitoring the ready-to-assemble furniture market in Europe and it is poised to grow by $ 2.24 billion during the period 2021-2027, growing at a CAGR of over 2% during the forecast period.
Ready-to-assemble (RTA) furniture refers to prefabricated but unassembled furniture and must be assembled by end consumers. Ready-to-assemble furniture, also known as knock-down furniture (KD), has flexible designs and allows multiple parts to be made from basic configurations. RTA furniture is usually made from particle board and plastic with colored melamine or wood veneer to give the wood finish. Ready-to-assemble home furnishings include electronic and computer furniture, TV and desk entertainment center, dressers, desks, storage units and cabinets. This cabinet comes with assembly instructions and a series of diagrams intended to visually assist the customer’s cabinet assembly process.
The ready-to-assemble furniture is very user-friendly and easy to transport and comes with simple assembly instructions. Commercial offices prefer this furniture because it is compact in nature, easy to locate and transport. The increase in the number of startups around the world has allowed the ready-to-assemble furniture market to grow. These startup offices require compact and functional furniture for their spaces. Low cost is the main driver of market growth. Business buyers and business owners prefer low cost furniture because of its easy assembly. Ready-to-assemble furniture is a user-friendly alternative thanks to improved materials and design innovations. Consumers prefer this furniture for their homes because of its improved quality and increased options and styles. The driving force behind much of the demand for ready-to-assemble furniture is the seemingly insatiable consumer appetite for televisions, computers and other electronics. Unlike the earlier preference for traditional furniture, people today want ready-to-assemble furniture that meets their needs.
Major Companies in the Global Ready to Assemble Furniture Market: Bush Industries, Dorel Industries, IKEA, Sauder Woodworking, Target, Wal-Mart Stores, Artiva USA, Cost plus World Market, Cymax, DMI Furniture, Euro Style, Home Reserve, Simplicity Sofas, Tvilum, others.
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The Ready-to-Assemble Furniture market can be divided based on product types and its sub-type, major applications, area of third-party use, and important regions.
This report segments the global ready-to-assemble furniture market on the basis of the following types: Desks, chairs, bookcases, beds, others
Based on the application, the global ready-to-assemble furniture market is segmented into: Household, Office work
Business Opportunities of the Ready to Assemble Furniture Market in the Following Regions and Countries:
North America (United States, Canada and Mexico)
Europe (Germany, Great Britain, France, Italy, Russia, Spain and Benelux countries)
Asia Pacific (China, Japan, India, Southeast Asia and Australia)
Latin America (Brazil, Argentina and Colombia)
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Manufacturers of ready-to-assemble furniture have created a finish that almost looks like real wood. New design features, such as wood siding and rounded corners, have resulted in the growth of ready-to-assemble products that are similar to more expensive enclosure products. The assembly process has witnessed innovations, which previously frightened many customers from purchasing RTA products. New locking systems allowing simple assembly without tools, as well as a reduction in the number of parts to be assembled, have helped to reduce the time required to assemble these products.
Ready-to-assemble furniture faces certain constraints that can affect the demand for products. Ready-to-assemble furniture should be supplied with manual instruction booklets; without it, the customer will find it difficult to assemble the furniture. Some furniture is not durable and can break without proper care. These factors are expected to restrain the growth of the ready-to-assemble furniture market during the forecast period.
The global ready-to-assemble furniture market can be segmented on the basis of material, end user, distribution channel, and region. On the basis of material, the ready-to-assemble furniture market can be classified into plastic, wood and others (metal, glass, etc.). In terms of end-user, the ready-to-assemble furniture market can be categorized into residential and commercial. On the basis of the distribution channel, the ready-to-assemble furniture market can be segmented online and offline (large format stores, exclusive stores and small retail stores). Based on region, the global ready-to-assemble furniture market can be divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
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