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The ready to assemble furniture market is expected to grow by USD 9.22 bn from 2020 to 2025, as per Technavio. Healthy growth is expected to continue throughout the forecast period, and the market will grow at a CAGR of 2.85%.
Read the 120-page report with TOC on "Ready To Assemble Furniture Market Analysis Report by Product (home and office), Distribution Channel (offline and online), and Geography (APAC, North America, Europe, South America, and MEA), and the Segment Forecasts, 2021-2025".
Market Challenges
Factors such as disruption in the supply chain of the ready to assemble furniture market owing to COVID-19 may challenge the market growth. The management of the supply chain is an integral part of the furniture business, along with the efficient utilization of resources for improved customer service. The sudden outbreak of COVID-19 resulted in a significant disruption in the transportation and logistics of various goods, including furniture. The pandemic situation has affected the distribution of raw materials to the furniture industry as well as the manufacturing of furniture. The supply of various furniture products from China, the US, and Italy has been delayed or restricted due to the shutting down of manufacturing facilities and the restricted shipment of products to other countries. This scenario may create a major challenge for vendors operating worldwide and, in turn, hinder the growth of the ready to assemble furniture market to a certain extent.
Major Ready To Assemble Furniture Companies:
- Dorel Industries Inc.
- FABRYKI MEBLI FORTE SA
- Flexsteel Industries Inc.
- Foundations Worldwide Inc.
- Inter IKEA Holding BV
- Meubles Demeyere SA
- Prepac Manufacturing Ltd.
- Sauder Woodworking Co.
- Steinhoff International Holdings NV
- Tvilum AS
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Ready To Assemble Furniture Market Product Outlook (Revenue, USD bn, 2020-2025)
- Home - size and forecast 2020-2025
- Office - size and forecast 2020-2025
Ready To Assemble Furniture Market Distribution Channel Outlook (Revenue, USD bn, 2020-2025)
- Offline - size and forecast 2020-2025
- Online - size and forecast 2020-2025
Ready To Assemble Furniture Market Geography Outlook (Revenue, USD bn, 2020-2025)
- APAC - size and forecast 2020-2025
- North America - size and forecast 2020-2025
- Europe - size and forecast 2020-2025
- South America - size and forecast 2020-2025
- MEA - size and forecast 2020-2025
Request a Free Sample Report to learn about the contribution of each segment of the ready to assemble furniture market
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Ready to Assemble Furniture Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.85% |
Market growth 2021-2025 |
USD 9.22 billion |
Market structure |
Fragmented |
YoY growth (%) |
2.01 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
APAC at 46% |
Key consumer countries |
US, China, Germany, Japan, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Dorel Industries Inc., FABRYKI MEBLI FORTE SA, Flexsteel Industries Inc., Foundations Worldwide Inc., Inter IKEA Holding BV, Meubles Demeyere SA, Prepac Manufacturing Ltd., Sauder Woodworking Co., Steinhoff International Holdings NV, and Tvilum AS |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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