Ready-to-assemble(RTA) Furniture Market in the US Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

The Ready-to-assemble(RTA) furniture market share in the US is expected to increase to USD 2.56 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 2.69%.

This market in the US research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the Ready-to-assemble(RTA) furniture market in the US segmentation by product (home and office) and distribution channel (offline and online). The RTA furniture market in the US report also offers information on several market vendors, including Ashcomm LLC, AWA Cabinets and Countertops, BESTAR Inc., Dorel Industries Inc., Euro Style Inc., Flexa4Dreams AS, Home Reserve LLC, Inter IKEA Holding BV, Nitori Holdings Co. Ltd., Nova LifeStyle Inc., Sauder Woodworking Co., Simplicity Sofas Inc., South Shore Industries Ltd., Tvilum AS, and Walmart Inc. among others.

What will the Ready-to-assemble(RTA) Furniture Market Size in the US be During the Forecast Period?

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Ready-to-assemble(RTA) Furniture Market in the US: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post-COVID-19 era. The rapid growth in urbanization is notably driving the RTA furniture market growth in the US, although factors such as volatility in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the industry in the US. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.

Key Ready-to-assemble(RTA) Furniture Market Driver in the US

The rapid growth in urbanization is one of the key drivers supporting the RTA furniture market growth in the US. The growth of megacities is boosting the growth of residential and commercial buildings. People residing in residential buildings are increasingly focusing on buying innovative and trendy furniture to enhance the aesthetics of their houses. RTA or flat-pack furniture is convenient, owing to its ease of use and trendy designs. Hence, the urban population prefers RTA furniture to the conventional type of furniture. Hence, rapid growth in urbanization is fostering the growth of the U.S ready-to-assemble (RTA) furniture market during the forecast period.

Key Ready-to-assemble(RTA) Furniture Market Trend in the US

Focus on sustainable operations and offerings is one of the key RTA furniture market trends in the US that is contributing to the market growth. Companies are making efforts to eliminate or minimize waste generation by optimizing processes and implementing recycling methods. Moreover, the production of RTA furniture using sustainable practices helps in lowering trim cuts, wood scraps, and lowers greenhouses gas emissions by reducing freight. For instance, Bush Industries offers appropriate information on recycling content in individual product installation instruction sheets. In the event of furniture breakdown, consumers can find information on ways to properly recycle waste products such as wood, aluminum, glass, and others. The company mainly uses environmentally-responsible materials and has cut down on the use of solid lumber. Thus, the increasing focus of vendors on sustainable operations and eco-friendly offerings will likely support the U.S ready-to-assemble (RTA) furniture market going forward.

Key Ready-to-assemble(RTA) Furniture Market Challenge in the US

Volatility in raw material prices is one of the factors hindering the RTA furniture market growth in the US. Some commonly-used raw materials include solid wood, medium-density fiberboard, particleboard, plastic, and adhesives. A wide range of timber species are sourced to produce RTA furniture. However, the price volatility of wood is one of the key challenges faced by RTA furniture manufacturers in the US. The production of various RTA furniture types predominantly depends on the prices of wood. Price volatility brings uncertainty into the market and influences the profit margins of the stakeholders in the RTA furniture value chain. Further, wood is needed for a wide range of end-user industries such as pulp and paper and construction, and others. Strong demand for wood products from other end-user industries makes it difficult for manufacturers to procure these raw materials. These factors are hindering the U.S RTA furniture market growth.

This RTA furniture market in the US analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the ready-to-assemble furniture (RTA) Furniture market in US as a part of the global home furnishings market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the RTA furniture market in the US during the forecast period.

Who are the Major Ready-to-assemble(RTA) Furniture Market Vendors in the US?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Ashcomm LLC
• AWA Cabinets and Countertops
• BESTAR Inc.
• Dorel Industries Inc.
• Euro Style Inc.
• Flexa4Dreams AS
• Home Reserve LLC
• Inter IKEA Holding BV
• Nitori Holdings Co. Ltd.
• Nova LifeStyle Inc.
• Sauder Woodworking Co.
• Simplicity Sofas Inc.
• South Shore Industries Ltd.
• Tvilum AS
• Walmart Inc.

 

This statistical study of the RTA furniture market in the US encompasses successful business strategies deployed by the key vendors. The RTA furniture market in the US is fragmented and the vendors are deploying growth strategies such as quality, uniqueness, and reliability to compete in the market.

Product Insights and News

• Ashcomm LLC - Through the furniture segment, the company offers living room furniture, bedroom furniture, kitchen and dining room furniture, home office furniture, bathroom furniture, and other furniture products. 
• Ashcomm LLC - The company offers RTA furniture through its subsidiary, Homestar North America LLC. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The RTA furniture market in the US forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Ready-to-assemble(RTA) Furniture Market in the US Value Chain Analysis

Our report provides extensive information on the value chain analysis for the RTA furniture market in the US, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

What are the Revenue-generating Product Segments in the Ready-to-assemble(RTA) Furniture Market in the US?

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The market share growth in the US by the home segment will be significant during the forecast period. RTA furniture in the home segment includes those used in living rooms, bedrooms, and other areas. Apart from basic pieces, such furniture also includes decorative pieces. Furthermore, innovative styles and designs that occupy minimal space yet offer maximum comfort are in high demand. The country is also witnessing an increase in the number of home offices due to the emergence of numerous startups. Thus, these factors are contributing to the increase in the consumption of home RTA furniture. Such increasing demand will drive segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the market size in the US and actionable market insights on post COVID-19 impact on each segment.

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Ready to Assemble Furniture market - The market share is expected to increase by USD 9.22 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 2.85%.

Europe Ready to Assemble (RTA) Furniture market - The market share is expected to increase by USD 5.81 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.74%.

Ready-to-assemble(RTA) Furniture Market Scope in the US
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 2.69%
Market growth 2022-2026	$ 2.56 billion
Market structure	Fragmented
YoY growth (%)	1.85
Regional analysis	US
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Ashcomm LLC, AWA Cabinets and Countertops, BESTAR Inc., Dorel Industries Inc., Euro Style Inc., Flexa4Dreams AS, Home Reserve LLC, Inter IKEA Holding BV, Nitori Holdings Co. Ltd., Nova LifeStyle Inc., Sauder Woodworking Co., Simplicity Sofas Inc., South Shore Industries Ltd., Tvilum AS, and Walmart Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Ready-to-assemble(RTA) Furniture Market in the US Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive  market growth in the US during the next five years
• Precise estimation of the RTA furniture market size in the US  and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the industry in the US 
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of Ready-to-assemble(RTA) furniture market vendors in the US 

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