According to Goldstein Research, global ready-to-assemble furniture market is expected to reach USD 33 billion by the end of 2024 from USD 23.85 billion in 2016, growing at a CAGR of 4.1%. Availability of furniture customization option to the consumer and tapping the unorganized furniture market are the factors driving the growth of ready-to-assemble furniture industry. Global ready-to-assemble furniture market segmentation has been done on the basis of product type, material type, distribution channel and geography. Large furniture is now available in parts that only require assembling, which have transportation and in-place assembling facilities across the globe. Global ready-to-assemble furniture market is dominated by Europe with 25% market share in the furniture production as well as consumption. North America has growing furniture market at a CAGR of 3.1% by 2024, and closely follows European market share.
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 )
• On the basis of 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 (%)}

“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 asIKEA, 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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