The global RTA furniture market size is estimated to reach USD 25.80 billion by 2030, expanding at a CAGR of 7.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing preference for low priced, flexible, and portable fixtures owing to rising inclination towards space saving furniture is driving the market. In addition, increasing popularity of high rise buildings, which creates obstruction for large sized furniture, is expected to drive the market in the forecast period.
RTA (Ready-to-assemble) furniture optimizes small spaces in houses due to its dismantling properties and thus is effective for small space dwellers in the market. Growing preference for customization feature in home furnishing drive the manufacturers to develop these 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. For instance, in 2018, Nitori Co., Ltd. in collaboration with Välinge Innovation AB, has produced a new range of RTA fixtures with a Threespine click furniture technology. This product, N-Click, cuts down the involvement of nuts and bolts when assembling the product, while it is easily connected with clicks.
In terms of material, wood dominated the market with a share of 54.9% in 2018. RTA wooden fixture showcases style with utility and is produced with different wooden materials such as engineered wood, sheesham wood, and solid wood. For instance, Decor Furniture and Mattress Showplace produces different RTA furniture in the unfinished fixtures segment showcasing different products pertaining to bedroom, living room, and kitchen and dining space.
The home application segment accounted for the largest share of 66.7% in 2018. Increasing preference for RTA cabinets to ensure mass storage at affordable rates has also increased the demand for kitchen cabinets in the industry. In addition, ease of transport of such furniture to customer’s home acts as a key factor driving the household application segment owing to increasing construction of high rise buildings.
Europe dominated in the global market with a share of 34.8% in 2018. Shifting preference of consumers towards the trend of corner kitchen, which helps in utilizing space more efficiently, acts as a key factor driving the market in the region. Germany is the leading country boosting the market growth in Europe on account of increasing importance of space saving furniture.
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By material, the wood material segment dominated the market and accounted for a market revenue share of 54.6% in 2023.
The home segment accounted for the largest market revenue share in 2023. RTA furniture is designed to be easy to assemble, which requires homeowners who prefer a straightforward, do-it-yourself approach.
Asia Pacific is expected to expand at the fastest CAGR of 6.9% from 2019 to 2025
Top players operating in the RTA furniture market include Inter IKEA Systems B.V.; Dorel Industries Inc.; Morris Home Furniture; Steinhoff International; Tvilum A/S; Simplicity Sofas; Home Reserve; Sauder Woodworking Company; and Bush Industries, Inc.
Grand View Research has segmented the global RTA furniture market based on material, application, product, distribution channel, and region:
RTA Furniture Material Outlook (Revenue, USD Billion, 2018 - 2030)
Wood
Glass
Steel
Others
RTA Furniture Application Outlook (Revenue, USD Billion, 2018 - 2030)
Home
Office
RTA Furniture Product Outlook (Revenue, USD Billion, 2018 - 2030)
Table
Chair
Beds
Sofa
Storage
Others
RTA Furniture Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030)
Specialty Stores
Home Centers
Flagship Stores
Online
Others
RTA Furniture Regional Outlook (Revenue, USD Billion, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Spain
Asia Pacific
Japan
China
India
Latin America
Brazil
Argentina
Middle East and Africa
South Africa
South Arabia
List of Key Players in RTA Furniture Market
Inter IKEA Systems B.V.
Dorel Industries
Morris Home Furniture.
Steinhoff International
Tvilum A/S
Simplicity Sofas
Home Reserve
Whalen Furniture
Fabritec (EUROSTYLE)
Bush Home
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