Ready to assemble (RTA) furniture refers to pre manufactured yet not assembled furniture and it has to be assembled by end consumers. Ready to assemble furniture, also known as knock-down (KD) furniture has flexible designs and it allows multiple pieces to be made from basic configurations. RTA furniture is usually constructed from particleboard and plastic with colored melamine or wood veneer to give the finish of wood. Ready to assemble furniture products include electronic and computer furniture, entertainment center for television and desktop, dressers, desks, storage units, and cabinets. This furniture comes with assembly instructions and a series of schematic diagrams intended to visually assist the customer’s furniture assembly process.
Ready to assemble furniture is highly customer friendly and easy to transport and has simple assembling instructions. Commercial offices prefers these furniture as they are compact in nature, easy to locate and transport. Rise in number of startups globally has given an opportunity for the ready to assemble furniture market to grow. These startup offices require compact and functional furniture for their spaces. Low cost is the major factor for market growth. Corporate buyers and business owners prefer low cost furniture due to easy assembly. Ready to assemble furniture is a consumer friendly alternative due to improved materials and designing innovations. Consumers prefer such furniture for their homes due to improved quality and increased options and styles. The driving force behind much of the demand for ready to assemble furniture is the consumer’s seemingly insatiable appetite for televisions, computers, and other electronic devices. Unlike the earlier preference for traditional furniture, currently people want ready to assemble furniture which suits their requirements.
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Ready to assemble furniture manufacturers have created a finish that almost resembles real wood. New design features, such as wood facings and rounded corners have resulted in growth of ready to assemble products which are similar to more expensive case goods. The assembly process has witnessed innovations, which previously scared many customers away from purchasing RTA goods. New locking systems that allow for simple assembly without tools, as well as a reduction in the number of pieces requiring assembly, have contributed to reducing the amount of time required to put together these products.
Ready to assemble furniture faces some restraints which can affect the demand for the products. Ready to assemble furniture should be provided with manual instruction booklets; without this, the customer will find it difficult to assemble the furniture. Some of the furniture is not durable and may rupture without proper care. These factors are expected to restrain the ready to assemble furniture market growth during the forecast period
The global ready to assemble furniture market can be segmented based on material, end- user, distribution channel, and region. Based on material, the ready to assemble furniture market can be classified into plastic, wood, and others (metal, glass, etc.). In terms of end-user, the ready to assemble furniture market can be classified into residential and commercial. Based on distribution channel, the ready to assemble furniture market can be segmented into online, and offline (large format stores, exclusive stores, and small retail shops). Based on region, the global ready to assemble furniture market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Many manufacturers are adding technologies to improve the functionalities of the furniture along with occupying less space after assembling. In March 2018, IKEA planned to buy straw from farmers and to make them into ready to assemble furniture. Some of the key players in the global ready to assemble furniture market are Inter IKEA Holding, Walmart, Inc., Sauder Woodworking Company, Dorel Industries Inc., Ashley Home Stores, Ltd., Steinhoff International, Alphason Designs, Godrej Interio, DMI Furniture, Inc. and Home Reserve LLC.
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