Ready-to-Assemble (RTA) Furniture Market Report Published by Goldstein Research

New York, USA, 2018-Nov-16 — /EPR Network/ —According to Goldstein Research, world RTA 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 RTA 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 (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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

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 report also includes competitive outlook of some of the major players profiling of companies such asIKEA, 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. RTA furniture majorly use in offices, hospitals. Office furniture market size is set to reach USD 96.2 billion by 2024

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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?

Ready to assemble furniture market is further bifurcated in various segments with separate market analysis mentioned below:

Furniture Market

Furniture market globally has its increasing foothold. With the rapid urbanization in a region real estate market also tends to grow thus driving the growth in demand for furniture. Global furniture market is majorly driven by the Asia Pacific, majorly India and China in terms of both manufacturing and consumption of furniture. World furniture market size expected to reach more than USD 550 billion by 2024 from USD 400 billion in 2016, growing at a compounded annual growth rate of 4.2% over the forecast period 2016-2024.

Outdoor Furniture Market

The trend of luxury housing, growing real estate sector and rising disposable income of people is driving the growth of world outdoor furniture market. Global outdoor furniture market segmentation has been carried out on the basis of product type, material type, end users, distribution channel and region. Furniture market is expected to reach more than USD 14.3 billion by 2024 from USD 9.1 billion in 2016, growing at a compounded annual growth rate of 5.6% over the forecast period 2016-2024

Global Healthcare Furniture Market Analysis

The healthcare furniture includes all the movable & stationary furniture in the diagnostic office & labs, waiting area, and patient ward. Global healthcare furniture market size is set to grow at a CAGR of 6.8% over the forecast period 2017-2025. The increasing number of hospitals and other healthcare facilities coupled with the increasing number of patients all over the world is driving the growth of healthcare furniture market.

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