RTA (Ready-to-assemble) Furniture Market in the US 2015-2019
About RTA Furniture
RTA (ready-to-assemble) furniture is shipped unassembled to end-users, who assemble it at their end. The RTA product range covers a whole host of residential and office furniture. They come flat-packed and are typically packaged as a kit comprising furniture parts and hardware needed to assemble it. RTA furniture has evolved in design, technology, and quality over the years.
Technavio's analysts forecast the RTA furniture market in the US to grow at a CAGR of 4.75% during the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the RTA furniture market in the US for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of residential RTA furniture and office RTA furniture.Technavio's report, RTA Furniture Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on the US; it also covers the RTA furniture market landscape in the US and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – RTA (Ready-to-assemble) Furniture Market in the US 2015-2019
Technavio recognizes the following companies as the key players in the RTA (Ready-to-assemble) Furniture Market in the US: Bush Industries, Dorel Industries, IKEA, Sauder Woodworking, Target and Wal-Mart Stores
Other Prominent Vendors in the market are: Artiva USA, Cost plus World Market, Cymax, DMI Furniture, Euro Style, Home Reserve, Simplicity Sofas and Tvilum
Commenting on the report, an analyst from Technavio’s team said: “The RTA furniture market is syncing with the ever-changing customer needs and demands. Vendors in the market are responding to this variation by constantly innovating and developing products to cater to these needs. The advances in technology have enabled vendors to provide multifunctional products, higher functionality, and more utilities. They are using this to introduce radical designs and to remain competitive in the market. The smoothness and practicality of the furniture have enhanced. For instance, the use of veneer sheets allows changing to different appearance sheets on the basis of the tone required by the consumer. There have been innovations in raw materials as well, which is likely to fuel market growth during the forecast period.”
According to the report, the real estate market in the US is recovering strongly, buoyed by more jobs, changing demographics, increased wages, higher corporate profits, and renewed consumer confidence. As conditions improve, consumers are likely to move to new households and switch from rental to ownership. Lower energy prices, low-interest rates on mortgages, and easier credit access are further stimulating the growth of the housing market. While the sales of new homes have increased, the supplies are still tight. Builders are ramping up construction efforts, and the building of multi-family units have returned to pre-recession levels. As the real estate market surges, so will related sectors, and thus the prospects for the RTA furniture market in the US look bright, as customers look to furnish new homes and home offices.
Further, the report states that despite the affordability of these pieces, the hassles related to assemble these products have prevented consumers from purchasing them.
Bush Industries, Dorel Industries, IKEA, Sauder Woodworking, Target, Wal-Mart Stores, Artiva USA, Cost plus World Market, Cymax, DMI Furniture, Euro Style, Home Reserve, Simplicity Sofas, Tvilum
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