Global Ready-to-Assemble (RTA) Furniture MarketAnticipated to Grow at a CAGR of 4.1% from USD 23.58 Billion in 2016

Posted on 2018-09-19 by Goldstein Research in Retail // 0 Comments

New York, USA, 2018-Sep-19 — /EPR Network/ —According to Goldstein Research, world ready-to-assemble furniture market is expected to reach USD 33 billion by 2024 from USD 23.85 billion in 2016, growing at a compounded annual growth rate of 4.1% over the forecast period 2016-2024. The trend of functional furniture and competition among the industry players over the furniture innovation and customization is primarily driving the growth of ready-to-assemble furniture market globally. Global ready-to-assemble furniture market segmentation has been carried out on the basis of product type, material type, distribution channel and region. Based on product type, office RTA furniture account for largest market share and contributing nearly 60% business revenue. Global ready-to-assemble furniture market is majorly driven by Western Europe by more than 25% market share in terms of production as well as 25% market share in consumption. Europe is followed by North America ready-to-assemble furniture market growing at a CAGR of 3.1% over the forecast period.

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Market Segmentation

On the basis of our in-depth analysis, Global Ready-to-Assemble Furniture Market can be segmented as follows:

By Product Type

Residential Ready-to-Assemble Furniture
Office Ready-to-Assemble Furniture
Others (Shop, Hotels, etc)

By Material Type

Wood
Plastic
Metal
Other (Glass, Leather, etc.)

By End Users

Residential
Commercial

By Distribution channel

Online
Offline (wholesaler, retailers, etc )

By Region

North America
Europe
Middle East and Africa
Latin America
Asia Pacific

“Global Ready-to-Assemble Furniture Market Outlook 2024” contains a detailed overview of the global ready-to-assemble furniture market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, material type, and distribution channel.

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Further, for the in-depth analysis, Global Ready-to-Assemble Furniture Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market research report also includes competitive outlook of some of the major players profiling of companies such as IKEA, Pioneer Corporation, Bush Industries, Ashley, Godrej Interio, Dorel Industries, Sauder Woodworking, Alphason, Steinhoff International, Artiva USA, Cost plus World Market, Cymax, DMI Furniture, Euro Style, Home Reserve, Tvilum, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global ready-to-assemble furniture market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Key questions answered in this Global Ready-to-Assemble Furniture Report

What is the Global Ready-to-Assemble Furniture Market Size by 2024 and what would be the expected growth rate of the industry?
What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
What are the ready-to-assemble furniture market trends?
What are the factors which are driving this industry?
What are the major barriers to ready-to-assemble furniture industry growth?
Who are the key vendors in this industry space?
What are the industry opportunities for the existing and entry level players?
What are the recent developments and business strategy of the key players?

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