Ready to Assemble (RTA) Furniture Market in Europe- Roadmap for Recovery from COVID-19 | Advent of E-commerce to Boost Market Growth | Technavio

Technavio has been monitoring the ready to assemble (RTA) furniture market in Europe and it is poised to grow by USD 5.81 billion during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Ready to Assemble (RTA) Furniture Market in Europe 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

• Based on segmentation by product, which is the leading segment in the market?

• The home RTA furniture is expected to be the leading segment based on product in the global market during the forecast period.

• What are the major trends in the market?

• Increased preference for multi-functional furniture is one of the major trends in the market.

• At what rate is the market projected to grow?

• Growing at a CAGR of almost 5%, the incremental growth of the market is anticipated to be USD 5.81 billion.

• Who are the top players in the market?

• Decorative Panels Holdings Ltd., Dorel Industries Inc., FABRYKI MEBLI FORTE SA, FLEXA4DREAMS AS, Inter IKEA Group, Meubles Demeyere SA, Rohr-Bush GmbH & Co.KG, SBA Group, Steinhoff International, and Tvilum AS. are some of the major market participants.

• What are the key market drivers and challenges?

• Advent of e-commerce is one of the major factors driving the market. However, the uncertainty in costs of raw material used for RTA furniture will restrain market growth.

• How big is the Rest of Europe market?

• The Rest of Europe region will contribute 33% of market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Decorative Panels Holdings Ltd., Dorel Industries Inc., FABRYKI MEBLI FORTE SA, FLEXA4DREAMS AS, Inter IKEA Group, Meubles Demeyere SA, Rohr-Bush GmbH & Co.KG, SBA Group, Steinhoff International, and Tvilum AS are some of the major market participants. The advent of e-commerce will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Ready to Assemble (RTA) Furniture Market in Europe 2020-2024: Segmentation

Ready to Assemble (RTA) Furniture Market in Europe is segmented as below:

• Product
  • Home RTA Furniture
  • Office RTA Furniture
• Distribution Channel
  • Offline
  • Online
• Geography
  • Germany
  • France
  • Sweden
  • The UK

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Ready to Assemble (RTA) Furniture Market in Europe 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The ready to assemble (RTA) furniture market in Europe report covers the following areas:

• Ready to Assemble (RTA) Furniture Market Size in Europe
• Ready to Assemble (RTA) Furniture Market Trends in Europe
• Ready to Assemble (RTA) Furniture Market Analysis in Europe

This study identifies increased preference for multi-functional furniture as one of the prime reasons driving the ready to assemble (RTA) Furniture Market growth in Europe during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Ready to Assemble (RTA) Furniture Market in Europe 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist ready to assemble (RTA) furniture market growth in Europe during the next five years
• Estimation of the ready to assemble (RTA) furniture market size in Europe and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the ready to assemble (RTA) furniture market in Europe
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of ready to assemble (RTA) furniture market vendors in Europe

Table of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Home RTA furniture - Market size and forecast 2019-2024
• Office RTA furniture - Market size and forecast 2019-2024
• Market opportunity by Product

Market Segmentation by Distribution channel

• Market segments
• Comparison by Distribution channel
• Offline - Market size and forecast 2019-2024
• Online - Market size and forecast 2019-2024
• Market opportunity by Distribution channel

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• Germany - Market size and forecast 2019-2024
• France - Market size and forecast 2019-2024
• Sweden - Market size and forecast 2019-2024
• UK - Market size and forecast 2019-2024
• Rest of Europe - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Decorative Panels Holdings Ltd.
• Dorel Industries Inc.
• FABRYKI MEBLI FORTE SA
• FLEXA4DREAMS AS
• Inter IKEA Group
• Meubles Demeyere SA
• Rohr-Bush GmbH & Co.KG
• SBA Group
• Steinhoff International
• Tvilum AS

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

   

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View source version on businesswire.com: https://www.businesswire.com/news/home/20200927005039/en/