DUBLIN, July 19, 2017 /PRNewswire/ -- The "Ready to Assemble (RTA) Furniture Market in Europe 2017-2021" report has been added to Research and Markets' offering.
The ready to assemble furniture market in Europe to grow at a CAGR of 4.25% during the period 2017-2021.
The report, Ready to Assemble (RTA) Furniture Market in Europe 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
One trend in the market is surge in innovative product designs. With shifting consumer needs to more innovative and trendy product designs, RTA furniture manufacturers are also coming up with new and trendy designs to cater to different customer needs. With advances in technology, these competitors are enabled to produce multifunctional and durable products, which also help them to maintain their competitive edge.
According to the report, one driver in the market is economical cost and quick furnishings of RTA furniture. With many consumers shifting homes and moving out of cities frequently, the problem of moving furniture has become a major challenge. RTA furniture is portable and has quick furnishing capabilities. Hence, it is easy to move. Moreover, it is relatively cheaper than permanent furniture, which, in turn, help them to save money. It is considered that European furniture manufacturers are popular globally due to their varied creativity in trendy designs.
Further, the report states that one challenge in the market is uncertainty in costs of raw material used for RTA furniture. In the present market scenario in Europe, RTA furniture manufacturers are experiencing uncertain fluctuations in their profit margins. This is due to the fluctuating cost of raw material and intense competition among market players. Due to low establishment costs, an influx of local players has been observed in recent times. The presence of local players leads to price wars among registered market competitors, which force global competitors to reduce the prices of their products, which reduces their profit margins.
- Dorel Industries
- Inter IKEA Systems
Other prominent vendors
- Decorative Panels Furniture
- MEUBLES Demeyere
- Steinhoff International
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by distribution channel
PART 08: Geographical segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Key competitor analysis
For more information about this report visit https://www.researchandmarkets.com/research/wjb2nz/ready_to_assemble
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