Ready to Assemble (RTA) Furniture Market in Europe 2017-2021

New Report Released: – Ready to Assemble (RTA) Furniture Market in Europe 2017-2021

The author of the report recognizes the following companies as the key players in the ready to assemble furniture market in Europe: Dorel Industries, Inter IKEA Systems, and Tvilum.

Other Prominent Vendors in the market are: Alphason, Decorative Panels Furniture, MEUBLES Demeyere, FLEXA, Röhr-Bush, Steinhoff International, and SBA.

Commenting on the report, an analyst from the research team said: “One trend in the market is surge in innovative product designs. With shifting consumer needs to more innovative and trendy product designs, RTA furniture manufacturers are also coming up with new and trendy designs to cater to different customer needs. With advances in technology, these competitors are enabled to produce multifunctional and durable products, which also help them to maintain their competitive edge.”

According to the report, one driver in the market is economical cost and quick furnishings of RTA furniture. With many consumers shifting homes and moving out of cities frequently, the problem of moving furniture has become a major challenge. RTA furniture is portable and has quick furnishing capabilities. Hence, it is easy to move. Moreover, it is relatively cheaper than permanent furniture, which, in turn, help them to save money. It is considered that European furniture manufacturers are popular globally due to their varied creativity in trendy designs.

Further, the report states that one challenge in the market is uncertainty in costs of raw material used for RTA furniture. In the present market scenario in Europe, RTA furniture manufacturers are experiencing uncertain fluctuations in their profit margins. This is due to the fluctuating cost of raw material and intense competition among market players. Due to low establishment costs, an influx of local players has been observed in recent times. The presence of local players leads to price wars among registered market competitors, which force global competitors to reduce the prices of their products, which reduces their profit margins.

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.