Technavio has been monitoring the ready to assemble (RTA) furniture market in Europe and it is poised to grow by USD 5.81 billion during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Ready to Assemble (RTA) Furniture Market in Europe 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions-
- What was the size of the ready to assemble (RTA) furniture market in Europe in 2019?
- Technavio says that the value of the market was USD 22.28 billion in 2019 and it is projected to reach USD 28.09 billion by 2024.
- Based on segmentation by product, which is the leading segment in the market?
- The home RTA furniture segment is expected to be the leading segment in the global market during the forecast period.
- At what rate is the market projected to grow?
- Growing at a CAGR of almost 5%, the incremental growth of the market is anticipated to be USD 5.81 billion.
- Who are the top players in the market?
- Decorative Panels Holdings Ltd., Dorel Industries Inc., FABRYKI MEBLI FORTE SA, FLEXA4DREAMS AS, Inter IKEA Group, Meubles Demeyere SA, Rohr-Bush GmbH Co.KG, SBA Group, Steinhoff International, and Tvilum AS are some of the major market participants.
- What are the key market drivers and challenges?
- The advent of e-commerce and increased preference for multi-functional furniture are the major factors driving the market. However, the uncertainty in the costs of raw material used for RTA furniture restraints the market growth.
- How big is the Rest of Europe market?
- The market in the Rest of Europe region was valued at USD 6.80 billion in 2019 and it is anticipated to grow to USD 8.72 billion by 2024.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Decorative Panels Holdings Ltd., Dorel Industries Inc., FABRYKI MEBLI FORTE SA, FLEXA4DREAMS AS, Inter IKEA Group, Meubles Demeyere SA, Rohr-Bush GmbH Co.KG, SBA Group, Steinhoff International, and Tvilum AS are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The advent of e-commerce has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Ready to Assemble (RTA) Furniture Market in Europe 2020-2024: Segmentation
Ready to Assemble (RTA) Furniture Market in Europe is segmented as below:
- Product
- Home RTA Furniture
- Office RTA Furniture
- Distribution Channel
- Offline
- Online
- Geography
- Germany
- France
- Sweden
- The UK
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Ready to Assemble (RTA) Furniture Market in Europe 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The ready to assemble (RTA) furniture market in Europe report covers the following areas:
- Ready to Assemble (RTA) Furniture Market Size in Europe
- Ready to Assemble (RTA) Furniture Market Trends in Europe
- Ready to Assemble (RTA) Furniture Market Analysis in Europe
This study identifies an increased preference for multi-functional furniture as one of the prime reasons driving the ready to assemble (RTA) furniture market growth in Europe during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Ready to Assemble (RTA) Furniture Market in Europe 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist ready to assemble (RTA) furniture market growth in Europe during the next five years
- Estimation of the ready to assemble (RTA) furniture market size in Europe and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the ready to assemble (RTA) furniture market in Europe
- 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 Europe
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Home RTA furniture Market size and forecast 2019-2024
- Office RTA furniture Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Distribution Channel
- Market segments
- Comparison by Distribution channel
- Offline Market size and forecast 2019-2024
- Online Market size and forecast 2019-2024
- Market opportunity by Distribution channel
Customer Landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- Germany Market size and forecast 2019-2024
- France Market size and forecast 2019-2024
- Sweden Market size and forecast 2019-2024
- UK Market size and forecast 2019-2024
- Rest of Europe Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Decorative Panels Holdings Ltd.
- Dorel Industries Inc.
- FABRYKI MEBLI FORTE SA
- FLEXA4DREAMS AS
- Inter IKEA Group
- Meubles Demeyere SA
- Rohr-Bush GmbH Co.KG
- SBA Group
- Steinhoff International
- Tvilum AS
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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