RTA furniture is
gaining traction among homeowners and renters globally. This is primarily
because RTA furniture are cheap and serve the purpose of quick furnishings. A
RTA furniture, also known as Knock Down furniture is not assembled by the
manufacturer and is available in parts with instructions to assemble the piece
of furniture. This furniture has been popular for a while in developed
countries, but RTA furniture has been gaining traction in developing economies
such as China and India. RTA furniture also benefits manufacturers by
eliminating the assembly time and cost of manufacturing, which allows
manufacturers to focus only on design and production of parts. Some of the
examples of RTA furniture include RTA bedroom sets, RTA dressers, RTA computer
desks, RTA bookcases and RTA filing cabinets. For instance, IKEA a major ready
to assemble manufacturer, is setting up its store in Hyderabad, India, owing to
high demand for ready to assemble furniture in India.
THE BUSINESS RESEARCH COMPANY EXPECTS THE GLOBAL HOUSEHOLD
FURNITURE AND KITCHEN CABINET MANUFACTURING MARKET TO GROW TO $303 BILLION BY 2021
Asia
Pacific was the largest region in the household
furniture and kitchen cabinet manufacturing
market in 2017, accounting for nearly half of the market share. This can be
attributed to high demand for household and kitchen furniture from middle class
population in countries such as China and India, owing to rising disposable
income.
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at: https://www.thebusinessresearchcompany.com/report/household-furniture-and-kitchen-cabinet-manufacturing-global-market-report-2018
The chart below shows the year-on-year growth
of the global household furniture and kitchen cabinet manufacturing market
during 2017– 2021
According to The
Business Research Company’s Consultant, Nitin Gianchandani, the demand for
small and portable furniture in urban centres is increasing. This is mainly
because of the compact size and low cost these furniture offers, making them
ideal for small households. Small and portable furniture are small in size when
compared to a conventional furniture and can be used for multiple purposes. For
instance, a small-sized storage box can be used as a small seat or table, as
well as to store personal belongings is a small and portable furniture.
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of the report at:
IKEA AB* was the
largest player in the global household furniture and kitchen cabinet
manufacturing market, with revenues of $40.2 billion in 2017. IKEA’s growth
strategy aims at increasing revenues launch products for young population and
offer its products at competitive prices. The company also plans to expand in
the US market by opening nearly a dozen stores over the next two years.
The household
furniture and kitchen cabinet manufacturing market comprises all firms engaged
in producing household furniture including furniture for kitchen, bedroom and
living room.
Household
Furniture And Kitchen Cabinet Manufacturing Global Market Report 2018 is
a detailed report giving a unique insight into this market. The report is
priced at $6000 for an individual user. To use across your office, the price is
$9000 and $12000 if you wish to use across a multinational company.
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