The ready-to-assemble (RTA) furniture market share in Europe is expected to grow by USD 5.81 billion, accelerating at a CAGR of 4.74% during the forecast period. The economical and easy-to-furnish features are notably driving the growth of the market. In addition, the surge in innovative product designs is the major ready-to-assemble (RTA) furniture market trend in Europe which will positively influence the market value. However, the uncertainty in the costs of raw materials may hamper the market growth.
Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.
Ready to Assemble (RTA) Furniture Market Analysis in Europe 2021-2025: View the Free Sample Report
The ready-to-assemble (RTA) furniture market in Europe is segmented by product (home RTA furniture and office RTA furniture), distribution channel (offline and online), and geography (Germany, France, Sweden, and Rest of Europe).
The ready-to-assemble (RTA) furniture market growth in Europe by the home RTA furniture will be significant during the forecast period. The growth of the segment is attributed to the demand for living room luxury RTA furniture.
54% of the market's growth will originate from Germany during the forecast period. Factors such as the increasing number of offices and the modernization of office spaces are the major factors contributing to the growth of the market in Germany.
The research report will provide insights into the current market share of each segment along with growth projections for the next five years.
The market is fragmented due to the presence of several players. Decorative Panels Holdings Ltd., Dorel Industries Inc., FABRYKI MEBLI FORTE SA, Flexa4Dreams AS, Inter IKEA Holding BV, Meubles Demeyere SA, Rohr-Bush GmbH and Co. KG, Steinhoff International Holdings NV, Tvilum AS, and UAB koncernas SBA are some of the major ready-to-assemble (RTA) furniture market vendors in Europe. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Also, know more about the exclusive Ready-to-assemble(RTA) Furniture Market in the US and get more insights into exact growth variance and the Y-O-Y growth rate.
