Covid-19 Impact on RTA Furniture Market Size to surge at 5.9% CAGR is expected to reach $18.4 Billion in 2025

According to a recent report published by Grand View Research Inc., consumer inclination towards space saving furniture is driving the market. In addition, increasing popularity of high rise buildings, which creates obstruction for large sized furniture, is expected to drive the market in the forecast period.

According to the report, “RTA Furniture Market Size, Share & Trends Analysis Report By Material (Wood, Glass, Steel), By Application (Home, Office), By Region (North America, APAC, Europe, MEA, CSA), and Segment Forecasts, 2019–2025”, the growing preference for customized furniture in home furnishing is driving the manufacturers to develop home decor products. For instance, Hem, the e-commerce giant, provides RTA products with sleek pieces, featuring Scandinavian designs and online customization options. In addition, growing trend of shifting to new places for job or business purposes, particularly by millennials has influenced the market growth.

According to statistics, 83% of millennials have purchased different RTA products. The RTA (Ready-to-assemble) furniture market witnesses increasing preference for book shelves and cabinets on account of large space storage facility and thus, companies are introducing new products in this category.

Demand for the RTA furniture is largely driven by the young consumer segment, particularly millennials, on account of shifting preference towards space saving furniture. In addition, growing trend of shifting to a new place for job or business purpose, particularly by younger generation, has influenced the market growth owing to rising need for household fixtures.

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RTA Furniture Market Report Highlights:

By material, wood is expected to reach USD 10.0 billion by 2025

The home application segment is expected to reach USD 12.3 billion by 2025

Asia Pacific is expected to expand at the fastest CAGR of 6.9% from 2019 to 2025

Grand View Research has segmented the global RTA furniture market by material, application, and region:

RTA Furniture Material Outlook (Revenue, USD Billion, 2015–2025)

Wood

Glass

Steel

Others

RTA Furniture Application Outlook (Revenue, USD Billion, 2015–2025)

Home

Office

RTA Furniture Regional Outlook (Revenue, USD Billion, 2015–2025)

North America

U.S.

Europe

Germany

U.K.

Asia Pacific

China

Japan

Central & South America

Brazil

Middle East & Africa