The household furniture and kitchen cabinet manufacturing market comprises all firms engaged in producing household furniture including furniture for kitchen, bedroom and living room.
The top five companies covered are IKEA AB, Ashley Furniture Industries, Inc., Leggett & Platt, La-Z-Boy and Man Wah Holdings Limited . IKEA was the largest company in the household furniture and kitchen cabinet manufacturing market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global household furniture and kitchen cabinet manufacturing market was valued at around $209 billion in 2017. Asia Pacific was the largest region in the household furniture and kitchen cabinet manufacturing market in 2017, accounting for above 43% market share. China was the largest country in the market in 2017, accounting for above 25% market share.
Ready-to-assemble (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. 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.
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