Global Rta Furniture Market

RTA Furniture Market Size, Share, Growth Analysis, By Material(Wood, Glass, Steel, Others), By Application(Home, Office), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25F2056 | Region: Global | Published Date: March, 2024
Pages: 223 | Tables: 63 | Figures: 65

RTA Furniture Market News

  • In December 2023, television personality and blogger Ree Drummond, also known as the Pioneer Woman, added four new seating options to her ready-to-assemble furniture collection launched this past summer for Walmart.com. After the line launched in June, certain items quickly sold out, including a dining hutch and a kitchen island. They have been restocked as of August but may sell out again.

     

  • In May 2023, Forte, a leading European manufacturer of self-assembly furniture, announced that it had partnered with Swedish company Välinge and had been granted a licence to use the revolutionary new Threespine ID click furniture technology.

     

  • In March 2023, IKEA’s new BASTUA collection created in collaboration with the Finnish design house Marimekko, was available in Malaysia. The limited-edition line was inspired by the Nordic sauna, promoting the joys of self-care activities.

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RTA Furniture Market size was valued at USD 14.40 billion in 2022 and is poised to grow from USD 14.98 billion in 2023 to USD 20.50 billion by 2031, growing at a CAGR of 4% in the forecast period (2024-2031).

The competitive landscape of the RTA (Ready-to-Assemble) furniture market is characterized by a mix of established players, innovative newcomers, and evolving consumer preferences. 'IKEA (Sweden)', 'Sauder Woodworking Co. (USA)', 'Dorel Industries Inc. (Canada)', 'Herman Miller, Inc. (USA)', 'Steelcase Inc. (USA)', 'HNI Corporation (USA)', 'Haworth Inc. (USA)', 'La-Z-Boy Incorporated (USA)', 'Flexsteel Industries, Inc. (USA)', 'Ashley Furniture Industries, Inc. (USA)'

The rise of remote work and home-based businesses has driven demand for functional and stylish home office RTA furniture.

E-commerce Dominance: Online retail has surged, with e-commerce platforms offering a convenient channel for consumers to browse, select, and order RTA furniture, impacting traditional brick-and-mortar sales.

Europe commanded the largest share, surpassing 34.5%, of the ready-to-assemble (RTA) furniture market. The upward significance of adaptable and portable furniture in key European nations like Germany, France, and the U.K. stands as a pivotal driver for regional market expansion. A promising market is forecasted for the kitchen segment due to the introduction of novel materials, devices, and surface innovations. Additionally, the growing consumer preference for corner kitchens is compelling the efficient utilization of space, thereby propelling regional growth. Germany is poised for substantial market potential due to the escalating demand for space-efficient furniture solutions.

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Global Rta Furniture Market

Report ID: SQMIG25F2056

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