Product Code: SR112024A4696
The global RTA furniture market size reached US$ 14.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 22.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.7% during 2024-2032.
Ready-to-assemble (RTA) furniture refers to knock-down or kit furniture that can be built or assembled onsite using simple tools. Some of the commonly available RTA furniture include tables, desks, sofas, chairs, cabinets, wardrobes and beds. They are either shipped flat-packed or unassembled in multiple components and manufactured using wood, glass and steel. RTA furniture is highly functional, requires minimal packaging and can fit into small spaces. They are available in a wide variety of sizes, materials and designs and can be customized as per the requirement of the consumer. Individuals can also add personalized fittings and embellishments to enhance the aesthetic appeal of the furniture. As a result, they are widely used across residential and commercial complexes.
RTA Furniture Market Trends:
The increasing preference for flexible furniture among the masses is one of the key factors driving the growth of the market. RTA furniture is widely used across apartments and offices with limited spaces. Moreover, the emerging trend of shifting to multiple locations for jobs or business purposes, especially among the millennials, is also impacting the demand for easy-to-move furniture. Various product innovations, such as the launch of click furniture technology that minimizes the utilization of nuts and bolts for assembling the furniture, are acting as other growth-inducing factors. The technology also provides enhanced stability by locking the corners and front and back panels. In line with this, aggressive promotional activities by product manufacturers and vendors, along with convenient product availability through proliferating online retail channels, is also contributing to the market growth. Other factors, including the rising expenditure capacities of the consumers, along with the increasing demand for luxurious and premium-quality furnishing products, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global RTA furniture market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product, material, distribution channel and end user.
Breakup by Product:
- Tables
- Chairs and Sofas
- Storage
- Beds
- Others
Breakup by Material:
Breakup by Distribution Channel:
- Specialty Stores
- Flagship Stores
- Home Centers
- Online Stores
- Others
Breakup by End User:
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Ashley HomeStore, Bush Furniture, Flexsteel Industries Inc., Homestar Corporation, Inter IKEA Systems B.V., Prepac Manufacturing Ltd, Sauder Woodworking Co., Simplicity Sofas, South Shore Furniture, Tvilum A/S, Walker Edison Furniture Company LLC and Whalen Furniture (Li & Fung Limited).
Key Questions Answered in This Report
- 1. What was the size of the global RTA furniture market in 2023?
- 2. What is the expected growth rate of the global RTA furniture market during 2024-2032?
- 3. What are the key factors driving the global RTA furniture market?
- 4. What has been the impact of COVID-19 on the global RTA furniture market?
- 5. What is the breakup of the global RTA furniture market based on the product?
- 6. What is the breakup of the global RTA furniture market based on the distribution channel?
- 7. What is the breakup of the global RTA furniture market based on the end user?
- 8. What are the key regions in the global RTA furniture market?
- 9. Who are the key players/companies in the global RTA furniture market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global RTA Furniture Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 Tables
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Chairs and Sofas
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Storage
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Beds
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Others
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Material
- 7.1 Wood
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Glass
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Steel
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Distribution Channel
- 8.1 Specialty Stores
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Flagship Stores
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Home Centers
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Online Stores
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by End User
- 9.1 Residential
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Commercial
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Ashley HomeStore
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 Bush Furniture
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Flexsteel Industries Inc.
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 Homestar Corporation
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 Inter IKEA Systems B.V.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 Prepac Manufacturing Ltd
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 Sauder Woodworking Co.
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 Simplicity Sofas
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 South Shore Furniture
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 Tvilum A/S
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 Walker Edison Furniture Company LLC
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.12 Whalen Furniture (Li & Fung Limited)
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio