Feb 21, 2018   SOURCE: BusinessWire

Global Household Furniture and Kitchen Cabinet Manufacturing Market Briefing 2018 - ResearchAndMarkets.com

The "Household Furniture and Kitchen Cabinet Manufacturing Market Global Briefing 2018" report has been added to ResearchAndMarkets.com's offering.

The Household Furniture and Kitchen Cabinet Manufacturing Market Global Briefing 2018 provides strategists, marketers and senior management with the critical information they need to assess the global household furniture and kitchen cabinet manufacturing market.

The household furniture and kitchen cabinet manufacturing market comprises all firms engaged in producing household furniture including furniture for kitchen, bedroom and living room.

Asia Pacific was the largest region in the household furniture and kitchen cabinet manufacturing market in 2017, accounting for around 43% 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. North America was the second largest region accounting for around 25% market share. Eastern Europe was the smallest region accounting for around 3% market share.

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.

Scope:

  • Markets Covered: Wood Kitchen Cabinet and Countertop Manufacturing, Upholstered Household Furniture Manufacturing, Non-upholstered Wood Household Furniture Manufacturing, Metal Household Furniture Manufacturing and Household Furniture (except Wood and Metal) Manufacturing
  • Time Series: Five years historic and forecast.
  • Data: Market value in $ billions.
  • Data Segmentations: Regional breakdowns, market share of competitors, key sub segments.
  • Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

  • IKEA
  • Ashley
  • Leggett & Platt
  • Masco Corporation
  • La-Z-Boy Incorporated
  • Man Wah Holdings Limited
  • Steelcase
  • Ethan Allen
  • Dorel Industries
  • Flexsteel Industries Inc

For more information about this report visit https://www.researchandmarkets.com/research/dz52xw/global_household?w=4