According to Goldstein Research, global ready to assemble furniture market is expected to reach USD 450 billion by 2024 from USD 23.85 billion in 2016, growing at a CAGR of 5.3% over the forecast period 2016-2024. Growing presence of major furniture market players to tap the unorganized market is one of the major factors driving the growth of global RTA furniture market. Prominent vendors of RTA furniture are focusing on innovation to counter tough competition from ready-to-use (RTU) furniture market. Global ready to assemble furniture market segmentation has been done on the basis of product type, material type, distribution channel and geography. More than 55% of world furniture production comes from middle and low income countries, which is significantly growing on the back of rapid industrialization, improved logistics and infrastructure.

Global ready to assemble furniture market is largely dominated by Western Europe with more than more than 25% global furniture production and over 25% of entire furniture consumption. Production of RTA furniture in Europe has increased by 3.9% between 2011 and 2016. North America RTA furniture shares more than 12% shares of global RTA market.

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Market Segmentation

On the basis of our in-depth analysis, Global Ready to Assemble Furniture Market can be segmented as follows:

By Product Type

o Residential Ready-to-Assemble Furniture
o Office Ready-to-Assemble Furniture
o Others (Shop, Hotels, etc)

By Material Type

o Wood
o Plastic
o Metal
o Others (Glass, leather, etc)

By Distribution channel:

o Online
o Offline (wholesaler, retailers, etc )

By Region

o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Ready to Assemble Furniture Market Outlook 2024” contains detailed overview of the global ready to assemble furniture market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, material type and distribution channel.

Further, for the in-depth analysis, Global Ready to Assemble Furniture Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as IKEA, Pioneer Corporation, Bush Industries, Ashley, Godrej Interio, Dorel Industries, Sauder Woodworking, Alphason, Steinhoff International, Artiva USA, Cost plus World Market, Cymax, DMI Furniture, Euro Style, Home Reserve, Tvilum, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global ready to assemble furniture market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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