Key vendors to launch new products to meet changing consumer preferences
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors in the RTA furniture market in the US in their latest research report. This report also lists 10 other prominent vendors who are expected to contribute to this market’s growth between 2017 and 2021.
Competitive vendor landscape
The market for RTA furniture in the US is highly competitive in nature and is characterized by the presence of major vendors and private players. Specialty furniture retail stores, e-commerce websites, and direct-mail catalogs compete with other retailers, including large department stores and discount retailers to gain market shares. Manufacturers are focusing on the design and development of new, innovative products to cater to the evolving buying patterns among consumers.
According to Abhay Sinha, a lead analyst at Technavio for research on furniture and home furnishing, “High-end furnishings and designer furniture, floor coverings, and textiles are becoming increasingly popular following the improvements in economic conditions and increasing disposable incomes. Vendors in the market are slowly shifting their focus to luxury designer RTA furniture products that are priced lower than their assembled counterparts.”
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Top five vendors in the RTA furniture market space in the US
Bush Industries
Bush Industries manufactures case goods and RTA furniture specifically designed for office and home use. The company markets its products under the brand names Bush Furniture and BBF. The company distributes its products through a wide network of furniture retailers, department stores, mass merchandisers, wholesale clubs, catalog showrooms, office furniture dealers, electronic stores, and e-commerce in 50 countries.
Key products: Home RTA furniture and Office RTA furniture.
Dorel.COM
Dorel engages in the design, manufacture, and supplies of juvenile products and bicycles. The company’s products are sold to mass merchant discount chains, specialty and department stores, club format outlets, home centers, independent stores, and sporting goods stores in over 100 countries. The company generates revenue through three key business segments which include – Dorel juvenile, Dorel sports, and Dorel home furnishings.
Key products: Home RTA furniture.
Inter IKEA Systems
IKEA manufactures and distributes furnishings through self-owned physical as well as online stores across North America, Asia, Australia, and Europe. It offers a wide range of movable and advanced furniture along with other home décor products through its 315 stores spread across 27 countries. The company generates revenue through its food and home furnishings segments.
Key products: Home RTA furniture and Office RTA furniture.
Sauder Woodworking
One of the top five residential furniture manufacturers in the US, Sauder Woodworkin, is a manufacturer of RTA furniture in North America. The company markets more than 40 furniture collections through a full line of RTA furnishings for home segments such as entertainment, home office, bedroom, kitchen, and storage. It also offers traditional wood, veneered and laminate furniture, wood bedroom, and dining and accent furniture.
Key products: Home RTA furniture and Office RTA furniture.
Walmart Stores
Walmart Stores operates a chain of retail stores in different formats like supermarkets, discount stores, restaurants, apparel stores, drugstores, hypermarkets, and warehouse clubs. It also provides customers with the convenience of multichannel shopping. It enjoys economies of scale by obtaining materials at low prices from suppliers and offering products at low prices to its customers.
Key products: Home RTA furniture and Office RTA furniture.
Ask an analyst to know more about this report
A more detailed analysis is available in the Technavio report, RTA Furniture Market in the US 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
Browse related reports
- Children’s Furniture Market in the US 2016-2020
- Home Furniture Market in the US 2016-2020
- Ready to Assemble Furniture Market in Europe 2016-2020
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