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

  • Published: Apr 2022
  • Pages: 109
  • SKU: IRTNTR70422
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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?

Ready-to-assemble(RTA) Furniture Market Size

Download the Free Report Sample to Unlock the RTA Furniture Market Size in the US for the Forecast Period and Other ImpoRTAnt Statistics

 

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?

Ready-to-assemble(RTA) Furniture Market Market segmentation by region

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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.

You may be interested in:

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

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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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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 07: Parent market
    • Exhibit 08: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 09: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 10: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 11: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 12: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 13: Chart on US: Year-over-year growth 2021-2026 (%)
      • Exhibit 14: Data Table on US: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 15: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 16: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 17: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 18: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 19: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 20: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 21: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 22: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 23: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 24: Chart on Comparison by Product
      • Exhibit 25: Data Table on Comparison by Product
    • 5.3 Home - Market size and forecast 2021-2026
      • Exhibit 26: Chart on Home - Market size and forecast 2021-2026 ($ million)
      • Exhibit 27: Data Table on Home - Market size and forecast 2021-2026 ($ million)
      • Exhibit 28: Chart on Home - Year-over-year growth 2021-2026 (%)
      • Exhibit 29: Data Table on Home - Year-over-year growth 2021-2026 (%)
    • 5.4 Office - Market size and forecast 2021-2026
      • Exhibit 30: Chart on Office - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Data Table on Office - Market size and forecast 2021-2026 ($ million)
      • Exhibit 32: Chart on Office - Year-over-year growth 2021-2026 (%)
      • Exhibit 33: Data Table on Office - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Product
      • Exhibit 34: Market opportunity by Product ($ million)

    6 Market Segmentation by Distribution Channel

    • 6.1 Market segments
      • Exhibit 35: Chart on Distribution Channel - Market share 2021-2026 (%)
      • Exhibit 36: Data Table on Distribution Channel - Market share 2021-2026 (%)
    • 6.2 Comparison by Distribution Channel
      • Exhibit 37: Chart on Comparison by Distribution Channel
      • Exhibit 38: Data Table on Comparison by Distribution Channel
    • 6.3 Offline - Market size and forecast 2021-2026
      • Exhibit 39: Chart on Offline - Market size and forecast 2021-2026 ($ million)
      • Exhibit 40: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Chart on Offline - Year-over-year growth 2021-2026 (%)
      • Exhibit 42: Data Table on Offline - Year-over-year growth 2021-2026 (%)
    • 6.4 Online - Market size and forecast 2021-2026
      • Exhibit 43: Chart on Online - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Data Table on Online - Market size and forecast 2021-2026 ($ million)
      • Exhibit 45: Chart on Online - Year-over-year growth 2021-2026 (%)
      • Exhibit 46: Data Table on Online - Year-over-year growth 2021-2026 (%)
    • 6.5 Market opportunity by Distribution Channel
      • Exhibit 47: Market opportunity by Distribution Channel ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 48: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 49: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 50: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 51: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 52: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 53: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 54: Matrix on vendor position and classification
            • 10.3 Ashcomm LLC
              • Exhibit 55: Ashcomm LLC - Overview
              • Exhibit 56: Ashcomm LLC - Product / Service
              • Exhibit 57: Ashcomm LLC - Key offerings
            • 10.4 BESTAR Inc.
              • Exhibit 58: BESTAR Inc. - Overview
              • Exhibit 59: BESTAR Inc. - Product / Service
              • Exhibit 60: BESTAR Inc. - Key offerings
            • 10.5 Dorel Industries Inc.
              • Exhibit 61: Dorel Industries Inc. - Overview
              • Exhibit 62: Dorel Industries Inc. - Business segments
              • Exhibit 63: Dorel Industries Inc. - Key offerings
              • Exhibit 64: Dorel Industries Inc. - Segment focus
            • 10.6 Euro Style Inc.
              • Exhibit 65: Euro Style Inc. - Overview
              • Exhibit 66: Euro Style Inc. - Product / Service
              • Exhibit 67: Euro Style Inc. - Key offerings
            • 10.7 Flexa4Dreams AS
              • Exhibit 68: Flexa4Dreams AS - Overview
              • Exhibit 69: Flexa4Dreams AS - Product / Service
              • Exhibit 70: Flexa4Dreams AS - Key offerings
            • 10.8 Inter IKEA Holding BV
              • Exhibit 71: Inter IKEA Holding BV - Overview
              • Exhibit 72: Inter IKEA Holding BV - Product / Service
              • Exhibit 73: Inter IKEA Holding BV - Key offerings
            • 10.9 Nova LifeStyle Inc.
              • Exhibit 74: Nova LifeStyle Inc. - Overview
              • Exhibit 75: Nova LifeStyle Inc. - Product / Service
              • Exhibit 76: Nova LifeStyle Inc. - Key offerings
            • 10.10 Sauder Woodworking Co.
              • Exhibit 77: Sauder Woodworking Co. - Overview
              • Exhibit 78: Sauder Woodworking Co. - Product / Service
              • Exhibit 79: Sauder Woodworking Co. - Key offerings
            • 10.11 Tvilum AS
              • Exhibit 80: Tvilum AS - Overview
              • Exhibit 81: Tvilum AS - Product / Service
              • Exhibit 82: Tvilum AS - Key offerings
            • 10.12 Walmart Inc.
              • Exhibit 83: Walmart Inc. - Overview
              • Exhibit 84: Walmart Inc. - Business segments
              • Exhibit 85: Walmart Inc. - Key news
              • Exhibit 86: Walmart Inc. - Key offerings
              • Exhibit 87: Walmart Inc. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 88: Inclusions checklist
                • Exhibit 89: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 90: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 91: Research methodology
                • Exhibit 92: Validation techniques employed for market sizing
                • Exhibit 93: Information sources
              • 11.5 List of abbreviations
                • Exhibit 94: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              RTA Furniture market growth will increase by $2560.78 million during 2022-2026.
              The rta furniture market is expected to grow at a CAGR of 2.69% during 2022-2026.
              Technavio has segmented the rta furniture market by product (Home and Office) ,distribution channel (Offline and Online) , and geographic (US and Rest of Americas).
              Ashcomm LLC, AWA Cabinets?áand 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. are a few of the key vendors in the rta furniture market.
              North America will register the highest growth rate of 100% among the other regions. Therefore, the rta furniture market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the rta furniture market growth are:
              • Rapid growth in urbanization
              • Focus on sustainable operations and offerings
              The rta furniture market vendors should focus on grabbing business opportunities from the home segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

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