RTA Furniture Market Size, Share & Trends Analysis Report By Material (Wood, Glass, Steel), By Application (Home, Office), By Region (North America, APAC, Europe, MEA, CSA), And Segment Forecasts, 2019 - 2025

Published: Aug, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global RTA furniture market size is anticipated to reach USD 18.4 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.9% over the forecast period. Growing preference for low priced, flexible, and portable fixtures owing to rising inclination towards space saving furniture is driving the market. In addition, increasing popularity of high rise buildings, which creates obstruction for large sized furniture, is expected to drive the market in the forecast period.

RTA (Ready-to-assemble) furniture optimizes small spaces in houses due to its dismantling properties and thus is effective for small space dwellers in the market. Growing preference for customization feature in home furnishing drive the manufacturers to develop these products. For instance, Hem, the e-commerce giant, provides RTA products with sleek pieces, featuring Scandinavian designs and online customization options. In addition, growing trend of shifting to new places for job or business purposes, particularly by millennials, has influenced the market growth.

According to statistics, 83% of millennials have purchased different RTA products. The RTA (Ready-to-assemble) furniture market witnesses increasing preference for book shelves and cabinets on account of large space storage facility and thus, companies are introducing new products in this category. For instance, in 2018, Nitori Co., Ltd. in collaboration with Valinge Innovation AB, has produced a new range of RTA fixtures with a Threespine click furniture technology. This product, N-Click, cuts down the involvement of nuts and bolts when assembling the product, while it is easily connected with clicks.

In terms of material, wood dominated the market with a share of 54.9% in 2018. RTA wooden fixture showcases style with utility and is produced with different wooden materials such as engineered wood, sheesham wood, and solid wood. For instance, Decor Furniture and Mattress Showplace produces different RTA furniture in the unfinished fixtures segment showcasing different products pertaining to bedroom, living room, and kitchen and dining space.

The home application segment accounted for the largest share of 66.7% in 2018. Increasing preference for RTA cabinets to ensure mass storage at affordable rates has also increased the demand for kitchen cabinets in the industry. In addition, ease of transport of such furniture to customer's home acts as a key factor driving the household application segment owing to increasing construction of high rise buildings.

Europe dominated in the global market with a share of 34.8% in 2018. Shifting preference of consumers towards the trend of corner kitchen, which helps in utilizing space more efficiently, acts as a key factor driving the market in the region. Germany is the leading country boosting the market growth in Europe on account of increasing importance of space saving furniture.

Further key findings from the report suggest:

• By material, wood is expected to reach USD 10.0 billion by 2025

• The home application segment is expected to reach USD 12.3 billion by 2025

• Asia Pacific is expected to expand at the fastest CAGR of 6.9% from 2019 to 2025

• Top players operating in the RTA furniture market include IKEA Systems B.V.; Dorel Industries Inc.; Ashley Home Stores, Ltd.; Steinhoff International; Tvilum A/S; Simplicity Sofas; Home Reserve; Sauder Woodworking Company; and Bush Industries, Inc.

 Table of Contents

Chapter 1. Methodology and Scope
                     1.1. Market Segmentation & Scope
                     1.2. Market Definition
                     1.3. Information Procurement
                          1.3.1. Purchased Database
                          1.3.2. GVR's Internal Database
                          1.3.3. Secondary Sources & Third-Party Perspectives
                          1.3.4. Primary Research
                     1.4. Information Analysis 
                          1.4.1. Data Analysis Models
                     1.5. Market Formulation & Data Visualization
                     1.6. Data Validation & Publishing
Chapter 2. Executive Summary
                     2.1. Market Outlook
                     2.2. Segmental Outlook
                     2.3. Competitive Insights
Chapter 3. RTA Furniture Market Variables, Trends & Scope
                     3.1. Market Introduction
                     3.2. Penetration & Growth Prospect Mapping
                     3.3. Industry Value Chain Analysis
                          3.3.1. Sales/Retail Channel Analysis
                          3.3.2. Profit Margin Analysis
                     3.4. Market Dynamics
                          3.4.1. Market Driver Analysis
                          3.4.2. Market Restraint Analysis
                          3.4.3. Industry Challenges
                          3.4.4. Industry Opportunities
                     3.5. Business Environment Analysis
                          3.5.1. Industry Analysis - Porter's
                               3.5.1.1. Supplier Power
                               3.5.1.2. Buyer Power
                               3.5.1.3. Substitution Threat
                               3.5.1.4. Threat from New Entrant 
                               3.5.1.5. Competitive Rivalry
                     3.6. Roadmap of RTA Furniture Market
                     3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
                     4.1. Consumer Trends and Preferences
                     4.2. Factors Affecting Buying Decision 
                     4.3. Consumer Product Adoption 
                     4.4. Observations & Recommendations
Chapter 5. RTA Furniture Market: Material Estimates & Trend Analysis
                     5.1. Material Movement Analysis & Market Share, 2018 & 2025
                     5.2. Wood
                          5.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                     5.3. Glass
                          5.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                     5.4. Steel
                          5.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                     5.5. Others
                          5.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
Chapter 6. RTA Furniture Market: Application Estimates & Trend Analysis
                     6.1. Application Movement Analysis & Market Share, 2018 & 2025
                     6.2. Home
                          6.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                     6.3. Office
                          6.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
Chapter 7. RTA Furniture Market: Regional Estimates & Trend Analysis
                     7.1. Regional Movement Analysis & Market Share, 2018 & 2025
                     7.2. North America
                          7.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                          7.2.2. Market estimates and forecast, by material, 2015 - 2025 (USD Billion)
                          7.2.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                          7.2.4. U.S.
                               7.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                               7.2.4.2. Market estimates and forecast, by material, 2015 - 2025 (USD Billion)
                               7.2.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                     7.3. Europe
                          7.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                          7.3.2. Market estimates and forecast, by material, 2015 - 2025 (USD Billion)
                          7.3.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                          7.3.4. Germany
                               7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                               7.3.4.2. Market estimates and forecast, by material, 2015 - 2025 (USD Billion)
                               7.3.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                          7.3.5. U.K.
                               7.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                               7.3.5.2. Market estimates and forecast, by material, 2015 - 2025 (USD Billion)
                               7.3.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                     7.4. Asia Pacific
                          7.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                          7.4.2. Market estimates and forecast, by material, 2015 - 2025 (USD Billion)
                          7.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                          7.4.4. Japan
                               7.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                               7.4.4.2. Market estimates and forecast, by material, 2015 - 2025 (USD Billion)
                               7.4.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                          7.4.5. China
                               7.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                               7.4.5.2. Market estimates and forecast, by material, 2015 - 2025 (USD Billion)
                               7.4.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                     7.5. Central & South America
                          7.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                          7.5.2. Market estimates and forecast, by material, 2015 - 2025 (USD Billion)
                          7.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                          7.5.4. Brazil
                               7.5.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                               7.5.4.2. Market estimates and forecast, by material, 2015 - 2025 (USD Billion)
                               7.5.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                     7.6. Middle East & Africa
                          7.6.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                          7.6.2. Market estimates and forecast, by material, 2015 - 2025 (USD Billion)
                          7.6.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
Chapter 8. Competitive Analysis
                     8.1. Key global players, recent developments & their impact on the industry
                     8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                     8.3. Vendor Landscape
                          8.3.1. Key company market share analysis, 2018
Chapter 9. Company Profiles
                     9.1. IKEA Systems B.V.
                          9.1.1. Company Overview
                          9.1.2. Financial Performance
                          9.1.3. Product Benchmarking
                          9.1.4. Strategic Initiatives
                     9.2. Dorel Industries Inc.
                          9.2.1. Company Overview
                          9.2.2. Financial Performance
                          9.2.3. Product Benchmarking
                          9.2.4. Strategic Initiatives
                     9.3. Ashley Home Stores, Ltd.
                          9.3.1. Company Overview
                          9.3.2. Financial Performance
                          9.3.3. Product Benchmarking
                          9.3.4. Strategic Initiatives
                     9.4. Steinhoff International
                          9.4.1. Company Overview
                          9.4.2. Financial Performance
                          9.4.3. Product Benchmarking
                          9.4.4. Strategic Initiatives
                     9.5. Tvilum A/S
                          9.5.1. Company Overview
                          9.5.2. Financial Performance
                          9.5.3. Product Benchmarking
                          9.5.4. Strategic Initiatives
                     9.6. Simplicity Sofas
                          9.6.1. Company Overview
                          9.6.2. Financial Performance
                          9.6.3. Product Benchmarking
                          9.6.4. Strategic Initiatives
                     9.7. Home Reserve
                          9.7.1. Company Overview
                          9.7.2. Financial Performance
                          9.7.3. Product Benchmarking
                          9.7.4. Strategic Initiatives
                     9.8. Sauder Woodworking Company
                          9.8.1. Company Overview
                          9.8.2. Financial Performance
                          9.8.3. Product Benchmarking
                          9.8.4. Strategic Initiatives
                     9.9. Fabritec (EUROSTYLE)
                          9.9.1. Company Overview
                          9.9.2. Financial Performance
                          9.9.3. Product Benchmarking
                          9.9.4. Strategic Initiatives
                     9.10. Bush Industries, Inc.
                          9.10.1. Company Overview
                          9.10.2. Financial Performance
                          9.10.3. Product Benchmarking
                          9.10.4. Strategic Initiatives

List of Tables

1. RTA Furniture - Key market driver analysis
2. RTA Furniture - Key market restraint analysis
3. Global wood market estimates and forecast, 2015 - 2025 (USD Billion)
4. Global glass market estimates and forecast, 2015 - 2025 (USD Billion)
5. Global steel market estimates and forecast, 2015 - 2025 (USD Billion)
6. Global others market estimates and forecast, 2015 - 2025 (USD Billion)
7. Global RTA furniture market estimates and forecast for home, 2015 - 2025 (USD Billion)
8. Global RTA furniture market estimates and forecast for office, 2015 - 2025 (USD Billion)
9. North America RTA furniture market estimates and forecast, 2015 - 2025 (USD Billion)
10. North America RTA furniture market revenue estimates and forecast by material, 2015 - 2025 (USD Billion)
11. North America RTA furniture market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
12. U.S. RTA furniture market estimates and forecast, 2015 - 2025 (USD Billion)
13. U.S. RTA furniture market revenue estimates and forecast by material, 2015 - 2025 (USD Billion)
14. U.S. RTA furniture market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
15. Europe RTA furniture market estimates and forecast, 2015 - 2025 (USD Billion)
16. Europe RTA furniture market revenue estimates and forecast by material, 2015 - 2025 (USD Billion)
17. Europe RTA furniture market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
18. Germany RTA furniture market estimates and forecast, 2015 - 2025 (USD Billion)
19. Germany RTA furniture market revenue estimates and forecast by material, 2015 - 2025 (USD Billion)
20. Germany RTA furniture market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
21. U.K. RTA furniture market estimates and forecast, 2015 - 2025 (USD Billion)
22. U.K. RTA furniture market revenue estimates and forecast by material, 2015 - 2025 (USD Billion)
23. U.K. RTA furniture market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
24. Asia Pacific RTA furniture market estimates and forecast, 2015 - 2025 (USD Billion)
25. Asia Pacific RTA furniture market revenue estimates and forecast by material, 2015 - 2025 (USD Billion)
26. Asia Pacific RTA furniture market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
27. Japan RTA furniture market estimates and forecast, 2015 - 2025 (USD Billion)
28. Japan RTA furniture market revenue estimates and forecast by material, 2015 - 2025 (USD Billion)
29. Japan RTA furniture market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
30. China RTA furniture market estimates and forecast, 2015 - 2025 (USD Billion)
31. China RTA furniture market revenue estimates and forecast by material, 2015 - 2025 (USD Billion)
32. China RTA furniture market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
33. Central & South America RTA furniture market estimates and forecast, 2015 - 2025 (USD Billion)
34. Central & South America RTA furniture market revenue estimates and forecast by material, 2015 - 2025 (USD Billion)
35. Central & South America RTA furniture market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
36. Brazil RTA furniture market estimates and forecast, 2015 - 2025 (USD Billion)
37. Brazil RTA furniture market revenue estimates and forecast by material, 2015 - 2025 (USD Billion)
38. Brazil RTA furniture market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
39. Middle East & Africa RTA furniture market estimates and forecast, 2015 - 2025 (USD Billion)
40. Middle East & Africa RTA furniture market revenue estimates and forecast by material, 2015 - 2025 (USD Billion)
41. Middle East & Africa RTA furniture market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
42. Vendor landscape

List of Figures

1. RTA Furniture market snapshot 
2. RTA Furniture market segmentation & scope
3. RTA Furniture market penetration & growth prospect mapping
4. RTA Furniture value chain analysis
5. RTA Furniture market dynamics
6. RTA Furniture market: Porter's analysis 
7. RTA Furniture market: Material movement analysis
8. RTA Furniture market: Application movement analysis 
9. RTA Furniture market: Regional movement analysis