RTA Furniture Market in the US 2017-2021

  • ID: 4032442
  • Report
  • Region: United States
  • 68 pages
  • TechNavio
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FEATURED COMPANIES

  • Bush Industries
  • Cymax Stores USA
  • EuroStyle
  • Flexsteel Industries
  • Ontario Systems
  • Simplicity Sofas
  • MORE
About RTA Furniture

Vendors are now focusing more on differentiating their offerings from that of their competitors and are delivering a wider range of products. Earlier, RTA furniture was limited to home entertainment and storage. However, a wide assortment of products is available today in the RTA segment, including dining room, living room, and bedroom furniture. Desks, chairs, bookcases, and beds are relatively new types of RTA furniture. In the office segment, furniture products have evolved more for home office use.

Analysts forecast the RTA furniture market in the US to grow at a CAGR of 5.18% during the period 2017-2021.

Covered in this Report:

The report covers the present scenario and the growth prospects of the RTA furniture market in the US for 2017-2021. To calculate the market size, the report considers the revenue generated from the retail sales of RTA furniture in the US.

RTA Furniture Market in the US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

The report also includes a a discussion of the key vendors operating in this market.

Key Vendors:

Bush Industries
DOREL.COM
Inter IKEA Systems
Sauder Woodworking
Walmart Stores

Other Prominent Vendors:

FLEXA
Steinhoff International
Tvilum
Target
Ontario Systems
Cost Plus World Market
Cymax Stores USA
Flexsteel Industries
EuroStyle
Simplicity Sofas

Market Drivers:

Product innovation aiding in the creation of wider product portfolios, and premium product range
For a full, detailed list, view the full report

Market Challenges:

Limited customer skillset and knowledge on RTA furniture assembly
For a full, detailed list, view the full report

Market Trends:

Luxury RTA furniture for affluent consumers
For a full, detailed list, view the full report

Key Questions Answered in this Report:
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Bush Industries
  • Cymax Stores USA
  • EuroStyle
  • Flexsteel Industries
  • Ontario Systems
  • Simplicity Sofas
  • MORE
Part 01: Executive summary

Part 02: Scope of the report
Market overview
Top-vendor offerings

Part 03: Market research methodology
Research methodology
Economic indicators

Part 04: Introduction
Key market highlights

Part 05: Market landscape
Market overview
Overview of the furniture market in the US
RTA furniture market in the US
Five forces analysis

Part 06: Market segmentation by product
Market overview
Home RTA furniture market in the US
Office RTA furniture market in the US

Part 07: Segmentation by retail formats
RTA furniture market in the US by retail formats

Part 08: Market drivers
Product innovation aiding in the creation of wider product portfolios, and premium product range
Lower cost advantage for consumers, manufacturers, and retailers
Value creation through flexibility and mobility

Part 09: Impact of drivers

Part 10: Market challenges
Limited customer skillset and knowledge on RTA furniture assembly
Threat from assembled furniture

Part 11: Impact of drivers and challenges

Part 12: Market trends
Luxury RTA furniture for affluent consumers
Product customization
Enhancing consumer experience through technology

Part 13: Vendor landscape
Competitive scenario
Key focus areas
Competitive assessment of key vendors
Bush Industries
Dorel.COM
Inter IKEA Systems
Sauder Woodworking
Walmart Stores
Other prominent vendors

Part 14: Appendix
List of abbreviations

Part 15: Extras

List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Furniture market in the US (% revenue)
Exhibit 03: RTA furniture market in the US 2016-2021 ($ billions)
Exhibit 04: Five forces analysis
Exhibit 05: RTA furniture market in the US by product 2016 (% revenue)
Exhibit 06: RTA furniture market in the US by product 2021 (% revenue)
Exhibit 07: Home RTA furniture market in the US 2016-2021 ($ billions)
Exhibit 08: New privately owned housing units started in the US
Exhibit 09: Segmentation by category: Home RTA furniture 2016 (% revenue)
Exhibit 10: Office RTA furniture market in the US 2016-2021 ($ billions)
Exhibit 11: Segmentation by category: Office RTA furniture 2016 (% revenue)
Exhibit 12: RTA furniture market in the US by retail formats 2016 (% revenue)
Exhibit 13: Impact of drivers
Exhibit 14: Impact of drivers and challenges
Exhibit 15: Key focus areas for players
Exhibit 16: Key players operating in the RTA furniture market in the US
Exhibit 17: Bush Industries: Products offered
Exhibit 18: Dorel: Business segmentation by revenue 2015 (% revenue)
Exhibit 19: Dorel: Geographical segmentation by revenue 2015 (% share)
Exhibit 20: Inter IKEA Systems: Business segmentation by revenue 2015
Exhibit 21: Inter IKEA Systems: Geographical segmentation by revenue 2015
Exhibit 22: Inter IKEA Systems: Top selling countries by sales 2015
Exhibit 23: Sauder Woodworking: Products offered
Exhibit 24: Walmart Stores: Business segmentation by revenue 2015 (%)
Exhibit 25: Walmart Stores: Business segmentation by revenue 2015 and 2016 ($ billions)
Exhibit 26: Walmart Stores: Geographical segmentation by revenue 2016
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bush Industries
  • Cymax Stores USA
  • EuroStyle
  • Flexsteel Industries
  • Ontario Systems
  • Simplicity Sofas
  • MORE
RTA Furniture Market in the US 2017-2021

Key players in the RTA furniture market in the US: Bush Industries, DOREL.COM, Inter IKEA Systems, Sauder Woodworking, and Walmart Stores

Other Prominent Vendors in the market are: FLEXA, Steinhoff International, Tvilum, Target, Ontario Systems, Cost Plus World Market, Cymax Stores USA, Flexsteel Industries, EuroStyle, and Simplicity Sofas

Commenting on the report, an analyst said: “Major vendors such as Home Depot Product Authority and Lowe’s are putting in efforts to mass customize their furniture by making use of consumer interaction platforms. Customers can also order furniture in the colors and themes of their choice. Inter IKEA Systems, for instance, has come up with an assembly service, which allows consumers to add a personal touch to fittings through customization. This service enables customers to suggest modifications in the design of furniture bought by them. Players can further capitalize on this opportunity by basing their marketing communication on the customization potential and thus spur growth in sales.”

According to the report, RTA furniture can be considered as a more cost effective alternative to fully assembled furniture. Due to the high labor and assembling cost, the price of an assembled piece of furniture is higher compared with an unassembled piece. Generally, a fully assembled furniture is priced about 20%-25% higher than its RTA counterpart. For instance, Kitchen Cabinet Kings' RTA Country Oak Classic cabinets are sold at around $1,175, while the pre-assembled version of the same furniture costs around $1,382.

Fully assembled furniture products are more expensive due to their high production costs, which are cumulative of high raw material, assembly, and labor costs. In addition, as fully assembled furniture products are bulkier, they also involve high shipping charges, which are passed on to customers.

Further, the report states that one of the major challenges for the growth of the RTA furniture market in the US is the high popularity and adoption of assembled furniture. In the overall furniture market in the US, over 90% of the furniture products purchased by consumers are assembled. This is primarily due to the fact that most consumers find it difficult to assemble RTA furniture. In addition, assembled furniture saves time, as sometimes problematic instructions and the requirement of too many tools may lead to difficulty in assembling.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Bush Industries
  • DOREL.COM
  • Inter IKEA Systems
  • Sauder Woodworking
  • Walmart Stores
  • FLEXA
  • Steinhoff International
  • Tvilum
  • Target
  • Ontario Systems
  • Cost Plus World Market
  • Cymax Stores USA
  • Flexsteel Industries
  • EuroStyle
  • Simplicity Sofas
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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