RTA Furniture Market Analysis Report By Material, By Application, By Region And Segment Forecasts From 2019 To 2025

Report ID: MN17618672  |  Published: June 2020  |  No of Pages: 80
Format: Electronic (PDF)  |  Industry: Consumer Goods

Industry Insights

The global Ready to Assemble (RTA) Furniture Market size was accounted for USD 12.3 billion, in 2018 and is anticipated to grow at a CAGR of 5.9% over the forecasted period, from 2019 to 2025. With the increasing trend of small space homes, consumers are shifting towards portable and flexible furniture, which is majorly driven by the growth of RTA (Ready-to-assemble) furniture. Moreover, the rising trend of huge and highly-rise apartments led to obstruction for large-sized furniture, thereby expected to boost the demand for such furniture.

Ready-to-assemble (RTA) furniture is also known as kit furniture, flat-pack, and knock-down due to its easy assembling, less space occupancy in small apartments. Moreover, increasing popularity for a customized feature in furnishing is encouraging the manufactures to develop these products. For example, the e-commerce retailer offers RTA furniture with the customized option, sleek price, and features with Scandinavian designs.

U.S. RTA furniture market

The shift towards space-saving furniture is the major factor to drives the growth of RTA furniture. In addition, increasing trends to shift in the new places for job and business purposes, especially by the young population is expected to fuel the market. According to the study, around 83.0% of people purchased these products in the RTA furniture segment.

The demand for RTA furniture including bookshelves and cabinets is increased owing to the rising preference for the customized products as per the availability of space. For example, in 2018, Nitori Co., Ltd. Collaborated with Välinge Innovation AB to produce a new range of RTA furniture with advanced technology known as Three spine click furniture. This N-click cuts down bolts and nuts while assembling furniture.

Another advantage of RTA furniture is its low cost compared to conventional furniture. These products have a low production cost due to simple producing parts that enable to eliminate assembling costs. Moreover, easy shipment, as well as transportation, has driven the scope for the online channel. For example, online retailers Tylko features stylish shelves for sideboards, TV stands, bookcases, and shoe racks.

Material Insights

By material, the RTA (Ready-to-assemble) Furniture market is segmented into wood, glass, steel, and others. The wood segment held the largest market share around 55.0%, in 2018. This largest revenue market share is attributed to its stronger reliability, great appearance, and longer durability qualities. These wooden fixtures are produced with several wooden materials includes solid wood, Sheesham wood, and engineered wood. For example, Decor Furniture and Mattress Showplace offer different products for dining space, bedrooms, and living rooms.

The steel segment is projected to grow with the highest CAGR of more than 6.5% over the forecast period due to the rising preference for steel frames in furniture The consumers majorly prefer steel-based RTA furniture owing to its longer life and bearing capacity. Moreover, the increasing application of steel in RTA furniture including storage and shelves organizer due to strong and rigid hold is expected to augment the growth of this segment in the next few years.

Application Insights

By application, the market is fragmented into office and home. The home segment held the largest market share of more than 66.5%, in 2018. The increasing cost of traditional furniture due to its high production and luxurious look led to a shift towards RTA furniture. This furniture requires less production cost, as it manufactures parts only. Therefore, the cost associated with the assembling of products is minimized, thereby expected to attract more consumers to buy these products. In addition, easy transportation of products to consumer’s homes is another factor to drive the segment growth. This furniture helps to save space due to being flexible and portable, thereby expected to spur the market growth in this segment.

Global RTA  furniture market

On the other hand, the office segment is projected to grow with the fastest CAGR of 5.7% during the forecast period. An increasing number of startups in several countries such as Vietnam, China, and India are encouraging business owners to spend on RTA furniture. Moreover, high chances of relocation in case of business expansion, high preference for saving, and low investment for office furniture are anticipated to impel the growth of these products. For example, Home Shopping Malls Inc. produces a laptop desk made from aluminum and glass, which is capable of lift99 lb weight.

Regional Insights

Europe accounted for the largest ready-to-assemble (RTA) furniture market share of more than 34.5%, in 2018. The increasing importance of flexible and portable furniture in several European countries such as Germany, France, and the U.K. is a key factor for regional market growth. The kitchen segment is expected to have a lucrative market due to the introduction of new materials, devices, and surfaces. Additionally, consumer shift towards corner kitchens is influencing to use space more efficiently, thereby expected to drive regional growth. Germany is expected to have a potential market due to the increasing demand for a space-saving furniture.

Asia Pacific is projected to grow with the fastest CAGR of more than 6.5% over the forecast period. The growth of RTA furniture is attributed to increasing urbanization and the trend of the nuclear family in several countries including Indonesia, Japan, and China. This factor is urging the consumers to invest in these products owing to small space homes. Moreover, with the growth of the real estate sector in India and China countries, consumers are highly investing in home aesthetic look and remodeling services, thereby expected to fuel the regional market growth over the forecast period.

RTA Furniture Market Share Insights

The major players included in the market are IKEA Systems B.V.; Ashley Home Stores, Ltd.; Home Reserve; Steinhoff International; Bush Industries, Inc.; Tvilum A/S, Dorel Industries Inc; Fabritec (EUROSTYLE); IKEA Systems B.V and Simplicity Sofas. manufactures are concentrating on product development to fulfill the consumer's demand.

In 2019, Ashley Home Stores, Ltd. expanded its RTA segment to attract small space dwellers. The company introduced over 500 goods that can be shipped as well as assemble to an individual’s home. Additionally, the company is focusing on the production of chairs, dining tables, and home entertainment.

Report Scope



The base year for estimation


Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Billion and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Country scope

U.S., U.K., Germany, Japan, China, Brazil

Report coverage

Revenue forecast, company share, competitive landscape, and growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of the customization

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global RTA furniture market report based on material, application, and region:

• Material Outlook (Revenue, USD Billion, 2015 - 2025)
    • Wood
    • Glass
    • Steel
    • Others

• Application Outlook (Revenue, USD Billion, 2015 - 2025)
    • Home
    • Office

• Regional Outlook (Revenue, USD Billion, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • the Asia Pacific
        • China
        • Japan
    • Central & South America
        • Brazil
    • Middle East & Africa

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