Press release
RTA Furniture Market Size, Share, Demand, Sales Analysis, Growth Factors & Forecast 2024-2032
IMARC Group, a leading market research company, has recently released a report titled "RTA Furniture Market Report by Product (Tables, Chairs and Sofas, Storage, Beds, and Others), Material (Wood, Glass, Steel, and Others), Distribution Channel (Specialty Stores, Flagship Stores, Home Centers, Online Stores, and Others), End User (Residential, Commercial), and Region 2024-2032". The study provides a detailed analysis of the industry, including the rta furniture market trends, size, share and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
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.
Request to Get the Sample Report: https://www.imarcgroup.com/rta-furniture-market/requestsample
Factors Affecting the Growth of the RTA Furniture Industry:
Increasing Urbanization and Changing Lifestyles:
The rapid pace of urbanization, creating the demand for space-efficient and cost-effective housing solutions, is one of the major factors boosting the market growth. In line with this, the increasing adoption of ready-to-assemble (RTA) furniture in compact environments, as it is designed to be modular and can be easily disassembled and reassembled, is acting as a growth-inducing factor. Moreover, the changing lifestyles of younger generations, leading to a preference for minimalist and versatile furniture, is anticipated to drive the market growth. Apart from this, RTA pieces can be purchased, transported, and assembled with minimal hassle, catering to the fast-paced and mobile lifestyle of younger urban dwellers.
Growing Focus on Sustainability and Eco-Friendly Practices:
The increasing sustainability and environmental consciousness that impact consumer purchasing decisions is fueling the market growth. RTA furniture aligns with these values, as it typically uses less packaging material and is more efficient to transport due to its flat-pack design. Furthermore, the rising adoption of eco-friendly practices by RTA furniture manufacturers, such as using sustainably sourced materials and non-toxic finishes, is creating a positive outlook for the market growth. In line with this, the heightened focus of companies on adhering to environmental friendliness, promoting their use of renewable materials, and commitment to reducing environmental impact is providing a considerable boost to the market growth.
Rapid Technological Advancements and Innovation:
The increasing improvements in manufacturing technologies leading to higher quality and more durable RTA furniture are positively influencing the market growth. In line with this, the introduction of advanced machinery and computer-aided design (CAD) software that enable manufacturers to produce furniture with precise specifications, ensuring better fit and finish, is enhancing the market growth. In addition to this, the rising innovation in design and materials that has expanded the range of RTA furniture available to consumers, as it includes a variety of styles, like contemporary and traditional, with diverse materials such as metal, glass, and engineered wood, is bolstering the market growth.
Speak to An Analyst: https://www.imarcgroup.com/request?type=report&id=4696&flag=C
RTA Furniture Market Report Segmentation:
By Product:
• Tables
• Chairs and Sofas
• Storage
• Beds
• Others
Chairs and sofas accounted for the largest market share as they are essential furniture pieces in residential and commercial settings.
By Material:
• Wood
• Glass
• Steel
• Others
On the basis of material, the market has been divided into wood, glass, steel, and others.
By Distribution Channel:
• Specialty Stores
• Flagship Stores
• Home Centers
• Online Stores
• Others
Flagship stores represented the largest segment as they offer a comprehensive brand experience and a wide range of products, attracting a significant portion of consumers.
By End User:
• Residential
• Commercial
Residential accounted for the largest market share, owing to the growing trend of home improvement projects and the increasing number of households.
Regional Insights:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa
Asia Pacific's dominance in the RTA furniture market is attributed to the rapid urbanization, a burgeoning middle class, and rising disposable incomes.
Global RTA Furniture Market Trends:
The increasing customization options available to consumers, such as modular furniture systems, as well as a range of finishes, colors, and materials, are fueling the market growth. Additionally, the growing integration of technology into furniture, such as built-in charging stations, light-emitting diode (LED) lighting, and connectivity features that cater to the increasing demand for smart home solutions, is fostering the market growth. Apart from this, the heightened popularity of do-it-yourself (DIY) culture, as a growing number of consumers are interested in DIY assembly as a fun and engaging activity, is enhancing the market growth.
Top Companies Operated in RTA Furniture Industry:
• 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
• Whalen Furniture (Li & Fung Limited)
Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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.
Request to Get the Sample Report: https://www.imarcgroup.com/rta-furniture-market/requestsample
Factors Affecting the Growth of the RTA Furniture Industry:
Increasing Urbanization and Changing Lifestyles:
The rapid pace of urbanization, creating the demand for space-efficient and cost-effective housing solutions, is one of the major factors boosting the market growth. In line with this, the increasing adoption of ready-to-assemble (RTA) furniture in compact environments, as it is designed to be modular and can be easily disassembled and reassembled, is acting as a growth-inducing factor. Moreover, the changing lifestyles of younger generations, leading to a preference for minimalist and versatile furniture, is anticipated to drive the market growth. Apart from this, RTA pieces can be purchased, transported, and assembled with minimal hassle, catering to the fast-paced and mobile lifestyle of younger urban dwellers.
Growing Focus on Sustainability and Eco-Friendly Practices:
The increasing sustainability and environmental consciousness that impact consumer purchasing decisions is fueling the market growth. RTA furniture aligns with these values, as it typically uses less packaging material and is more efficient to transport due to its flat-pack design. Furthermore, the rising adoption of eco-friendly practices by RTA furniture manufacturers, such as using sustainably sourced materials and non-toxic finishes, is creating a positive outlook for the market growth. In line with this, the heightened focus of companies on adhering to environmental friendliness, promoting their use of renewable materials, and commitment to reducing environmental impact is providing a considerable boost to the market growth.
Rapid Technological Advancements and Innovation:
The increasing improvements in manufacturing technologies leading to higher quality and more durable RTA furniture are positively influencing the market growth. In line with this, the introduction of advanced machinery and computer-aided design (CAD) software that enable manufacturers to produce furniture with precise specifications, ensuring better fit and finish, is enhancing the market growth. In addition to this, the rising innovation in design and materials that has expanded the range of RTA furniture available to consumers, as it includes a variety of styles, like contemporary and traditional, with diverse materials such as metal, glass, and engineered wood, is bolstering the market growth.
Speak to An Analyst: https://www.imarcgroup.com/request?type=report&id=4696&flag=C
RTA Furniture Market Report Segmentation:
By Product:
• Tables
• Chairs and Sofas
• Storage
• Beds
• Others
Chairs and sofas accounted for the largest market share as they are essential furniture pieces in residential and commercial settings.
By Material:
• Wood
• Glass
• Steel
• Others
On the basis of material, the market has been divided into wood, glass, steel, and others.
By Distribution Channel:
• Specialty Stores
• Flagship Stores
• Home Centers
• Online Stores
• Others
Flagship stores represented the largest segment as they offer a comprehensive brand experience and a wide range of products, attracting a significant portion of consumers.
By End User:
• Residential
• Commercial
Residential accounted for the largest market share, owing to the growing trend of home improvement projects and the increasing number of households.
Regional Insights:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa
Asia Pacific's dominance in the RTA furniture market is attributed to the rapid urbanization, a burgeoning middle class, and rising disposable incomes.
Global RTA Furniture Market Trends:
The increasing customization options available to consumers, such as modular furniture systems, as well as a range of finishes, colors, and materials, are fueling the market growth. Additionally, the growing integration of technology into furniture, such as built-in charging stations, light-emitting diode (LED) lighting, and connectivity features that cater to the increasing demand for smart home solutions, is fostering the market growth. Apart from this, the heightened popularity of do-it-yourself (DIY) culture, as a growing number of consumers are interested in DIY assembly as a fun and engaging activity, is enhancing the market growth.
Top Companies Operated in RTA Furniture Industry:
• 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
• Whalen Furniture (Li & Fung Limited)
Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
