Ready to assemble (RTA) furniture refers to pre manufactured yet not assembled furniture and it has to be assembled by end consumers. Ready to assemble furniture, also known as knock-down (KD) furniture has flexible designs and it allows multiple pieces to be made from basic configurations. RTA furniture is usually constructed from particleboard and plastic with colored melamine or wood veneer to give the finish of wood. Ready to assemble furniture products include electronic and computer furniture, entertainment center for television and desktop, dressers, desks, storage units, and cabinets. This furniture comes with assembly instructions and a series of schematic diagrams intended to visually assist the customer’s furniture assembly process.
Ready to assemble furniture is highly customer friendly and easy to transport and has simple assembling instructions. Commercial offices prefers these furniture as they are compact in nature, easy to locate and transport. Rise in number of startups globally has given an opportunity for the ready to assemble furniture market to grow. These startup offices require compact and functional furniture for their spaces. Low cost is the major factor for market growth. Corporate buyers and business owners prefer low cost furniture due to easy assembly. Ready to assemble furniture is a consumer friendly alternative due to improved materials and designing innovations. Consumers prefer such furniture for their homes due to improved quality and increased options and styles. The driving force behind much of the demand for ready to assemble furniture is the consumer’s seemingly insatiable appetite for televisions, computers, and other electronic devices. Unlike the earlier preference for traditional furniture, currently people want ready to assemble furniture which suits their requirements.
Ready to assemble furniture manufacturers have created a finish that almost resembles real wood. New design features, such as wood facings and rounded corners have resulted in growth of ready to assemble products which are similar to more expensive case goods. The assembly process has witnessed innovations, which previously scared many customers away from purchasing RTA goods. New locking systems that allow for simple assembly without tools, as well as a reduction in the number of pieces requiring assembly, have contributed to reducing the amount of time required to put together these products.
Ready to assemble furniture faces some restraints which can affect the demand for the products. Ready to assemble furniture should be provided with manual instruction booklets; without this, the customer will find it difficult to assemble the furniture. Some of the furniture is not durable and may rupture without proper care. These factors are expected to restrain the ready to assemble furniture market growth during the forecast period
The global ready to assemble furniture market can be segmented based on material, end- user, distribution channel, and region. Based on 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 classified into residential and commercial. Based on distribution channel, the ready to assemble furniture market can be segmented into online, and offline (large format stores, exclusive stores, and small retail shops). 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.
Many manufacturers are adding technologies to improve the functionalities of the furniture along with occupying less space after assembling. In March 2018, IKEA planned to buy straw from farmers and to make them into ready to assemble furniture. Some of the key players in the global ready to assemble furniture market are Inter IKEA Holding, Walmart, Inc., Sauder Woodworking Company, Dorel Industries Inc., Ashley Home Stores, Ltd., Steinhoff International, Alphason Designs, Godrej Interio, DMI Furniture, Inc. and Home Reserve LLC.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.