The global RTA furniture market reached a value of US$ 13.1 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 18.2 Billion by 2027, exhibiting at a CAGR of 5.7% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors.

Global RTA Furniture Market

Kat Design

Ready-to-assemble (RTA) furniture refers to knock-down or kit furniture that can be built or assembled onsite using simple tools. Some of the commonly available RTA furniture include tables, desks, sofas, chairs, cabinets, wardrobes and beds. They are either shipped flat-packed or unassembled in multiple components and manufactured using wood, glass and steel. RTA furniture is highly functional, requires minimal packaging and can fit into small spaces. They are available in a wide variety of sizes, materials and designs and can be customized as per the requirement of the consumer. Individuals can also add personalized fittings and embellishments to enhance the aesthetic appeal of the furniture.

RTA Furniture Market

In the last twenty years, the Ready to Assemble (RTA)* furniture industry has developed fast, in terms of both the industry’s size and the products (support materials, finishing, assembling solutions) and distribution channels (registering a sharp increase in online sales).

According to CSIL (‘The European Market for RTA Furniture’ 2022 Research Report) the RTA furniture industry increased by 3% yearly during the period 2016-2021, registering a higher growth rate compared to the performance of the fully assembled furniture production. The weight of the RTA furniture industry increased over time on the whole furniture industry and reached a value exceeding Eur 15 billion.

A RELATIVELY CONCENTRATED SEGMENT

The four largest countries in the European market control over 60% of the supply, and the ten largest countries control over 85% (against 80% for the furniture industry).

According to CSIL estimates, the top 50 European furniture manufacturers account for around 25% of the total European furniture production. A polarization exists between the furniture giant IKEA and all other furniture manufacturers with much lower market shares. IKEA’s development drives the industry both in terms of production and market trends.

Considering the total IKEA product supply, about 90% is sourced from external suppliers. Leading European suppliers are Poland, Italy, Lithuania, Germany, and Sweden. IKEA Industry Group’s top five production countries are Poland, Russia, Slovakia, Portugal, and Sweden.

MARKET SIZE AND BEST PERFORMERS

RTA furniture market in Europe reached an overall value of Eur 19 billion, recording cumulative growth of +20% compared to 2016. In Europe, sales of RTA furniture account for about 20% of total furniture sales.

The best performers among the ten largest markets were Poland, the Netherlands, Belgium, the United Kingdom, and Spain.

IKEA is nearly Eur 29 billion of total sales in 2021. More than 70% of the European RTA market and increased its weight over recent years.

* RTA furniture defines the group of furnishing products which, according to the country of reference. There are known as flat-pack, ready to assemble (RTA), knockdown (KD), DIY (do it yourself), self-assembly or kit furniture.

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