Published On : 05 Dec 2016
The ready-to-assemble furniture market is expected to grow significantly in the coming years due to an increasing number of customers wishing to reduce the delivery cost by assembling the furniture at their homes or offices. Popularly known as DIY or do it yourself, self-assembly, or kit furniture, these products have become a rage of late and will continue to be in high demand, states a report added by QYResearchReports.com. The report is titled ‘Global Ready- to -assemble Furniture Market Research Report 2016,’ is now available for sale on the website of QYResearchReports.com. The report studies the key factors that are responsible for driving the market towards growth as well as the challenges which the manufacturers of the ready-to-assemble furniture have to face. Also given, is an impact analysis of both the factors influencing the growth of the ready-to-assemble furniture market and those that hinder the progress of the market.
The number of people working from home is on a rise and this is creating a favorable environment for the global ready-to-assemble furniture market. There is a high demand for modular and space saving units owing to smaller homes and rising cost of property. This has led to an increased preference for prefabricated furniture units, driving the market. Some of the offerings by manufacturers in the ready-to-assemble furniture market are bedroom units, storage units kitchen cabinets, tables, bookcases, office furniture, living room furniture, and beds.
Owing to the penetration or easy availability of high speed internets, customers are finding it easier to assemble furniture. Setting up homes and offices have become simpler with easy availability of software that enable virtual meetings and instruct on the procedure for assembling. All these factors are driving the global ready-to-assemble furniture market.
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The global ready-to-assemble furniture market can be segmented on the basis of product, geography, and distribution. By product, the market is segmented into office ready-to-assemble furniture and residential ready-to-assemble furniture. The residential ready-to-assemble furniture segment will witness a significant growth in the market. On the basis of distribution, the market is segmented into independent furniture chains, independent specialist retailers, convenient stores, and others (online). The independent specialist retailers segment is expected to witness a healthy growth in the coming years.
The global ready-to-assemble furniture market is characterized by tough competition among players. Manufacturers are focusing on expanding their product portfolio and ensuring product differentiation. Players in the market are also focusing on customization of furniture, which has become a trend in the recent past. Most players are striving to achieve customization of furniture by interacting with consumers.
Key players in the market are Bush Industries, IKEA, Simplicity Sofas, Dorel Industries, Sauder Woodworking, Target, Artiva USA, Home Reserve, Wal-Mart Stores, Cost plus World Market, DMI Furniture, Cymax, Euro Style, and Tvilum.