The household furniture and kitchen cabinet manufacturing market
comprises all firms engaged in producing household furniture including
furniture for kitchen, bedroom and living room.
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report at:
The global household furniture and
kitchen cabinet market has been growing in the past years with a CAGR of almost
10%. The year 2017 recorded high growth in this market with a net market value
more than 30% higher than that of 2013, as per TBRC’s in-house consultants.
TBRC’s latest report show the historic
and future trends in the market for each year with sourced reasons to support
the growth claims.
The report also shows the global
household furniture and kitchen cabinet market to grow at a higher CAGR by 2021
as compared to 2017, along with geographies best suited for investments with
highest return rate.
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RTA furniture is gaining traction
among homeowners and renters globally. This is primarily because RTA furniture
are cheap and serve the purpose of quick furnishings. A RTA furniture, also
known as Knock Down furniture is not assembled by the manufacturer, and is
available in parts with instructions to assemble the piece of furniture. This
furniture has been popular for a while in developed countries, but RTA
furniture has been gaining traction in developing economies such as China and
India. RTA furniture also benefits manufacturers by eliminating the assembly
time and cost of manufacturing, which allows manufacturers to focus only on design
and production of parts. Some of the examples of RTA furniture include RTA
bedroom sets, RTA dressers, RTA computer desks, RTA bookcases and RTA filing
cabinets. For instance, IKEA a major ready to assemble manufacturer, has set up
its store in Hyderabad, India, owing to high demand for ready to assemble
furniture in India.
Companies included in the report are IKEA,
Ashley, Leggett & Platt, Man Wah Holdings Limited, and La-Z-Boy
Incorporated.
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