According to the report, “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”, the growing preference for customized furniture in home furnishing is driving the manufacturers to develop home decor 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.
Demand for the RTA furniture is largely driven by the young consumer segment, particularly millennials, on account of shifting preference towards space saving furniture. In addition, growing trend of shifting to a new place for job or business purpose, particularly by younger generation, has influenced the market growth owing to rising need for household fixtures.
RTA Furniture Market Report Highlights:
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
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Grand View Research has segmented the global RTA furniture market by material, application, and region:
RTA Furniture Material Outlook (Revenue, USD Billion, 2015 – 2025)
Wood
Glass
Steel
Others
RTA Furniture Application Outlook (Revenue, USD Billion, 2015 – 2025)
Home
Office
RTA Furniture Regional Outlook (Revenue, USD Billion, 2015 – 2025)
North America
U.S.
Europe
Germany
U.K.
Asia Pacific
China
Japan
Central & South America
Brazil
Middle East & Africa
List of Key Players of RTA Furniture Market
- IKEA Systems B.V.
- Dorel Industries Inc.
- Ashley Home Stores, Ltd.
- Steinhoff International
- Tvilum A/S
- Simplicity Sofas
- Home Reserve
- Sauder Woodworking Company
- Fabritec (EUROSTYLE)
- Bush Industries, Inc
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Home Decor Market – https://www.grandviewresearch.com/industry-analysis/home-decor-market
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