Global Smart Furniture Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Smart Furniture Market Overview:
Power Plant Boiler Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.
Smart Furniture Market Report offers in-depth insights, revenue details, and other vital information regarding the global smart furniture market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027.
The Smart Furniture Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global smart furniture market report has been segmented on the basis of product type, application, furniture category, and region.
This report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.
Smart furniture consists of advanced technologies which allow the customer to live their life in their comfort zone. Smart furniture enables the user to listen to music, and browse the internet for news.
In addition, allows the user to make and receive calls from furniture by linking their handsets via Bluetooth.
This technology is also used for heating and cooling systems in the household. This technology also tracks the individual biometrics including movements, and heartbeat, and also gives advice on how to improve sleep.
Smart furniture is superior as compared to conventional furniture as this enables wireless charging for smart devices. Smart furniture is equipped with networked computers, sensors, and various I/O devices.
Smart Furniture Market Dynamics:
Increasing disposable income coupled with changing lifestyles are the major factors expected to drive the growth of the global smart furniture market.
In addition, increasing investment in home automation solutions coupled with changing consumer shift towards connected devices is another factor expected to drive the growth of the global smart furniture market.
Furthermore, the rising adoption of smart furniture in many industries and changing consumer preferences toward an easy lifestyle are expected to drive revenue growth in the market.
However high cost of smart furniture products compared to conventional furniture is a major factor expected to restraint growth of the global market.
Smart Furniture Market Trends:
Many players such as Steelcase Inc., SobroAB, and other manufacturers are shifting their preference toward the production of smart furniture, and selling their furniture through online retailing is one of the trends observed in the smart furniture market, currently.
Smart Furniture Market Regional Analysis:
North America is accounted for the highest revenue share in the global smart furniture market over the forecast period, owing to strong home automation industry and people are willing to spend high on home automation solutions in countries in the region.
Asia Pacific market is the second-highest revenue share in the global smart furniture market, due to the increasing disposable income levels in the countries in the region.
The market in Europe is projected to register fastest growth rate in terms of revenue due to changing lifestyle and shifting customer preference for higher standards of living in the countries in the region.
Moreover, the markets in Europe, Latin America, and Middle East & Africa are expected to register moderate growth revenue over the forecast period.
Revenue from the market in Middle East & Africa is projected to register a CAGR of X.X% in the global smart furniture market over the forecast period.
Smart Furniture Market Segmentation:
By product type:
- Smart table
- Smart desks
- Smart stools & benches
- Smart sofas
- Smart chairs
- Business solution
- Technology solution
By furniture category:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Modoola Ltd.
- Tabula Sense
- Seebo Interactive Ltd
- Kamarq Holdings. PTE., LTD.
- Ori Systems
- Ikea Systems BV.
- Milano Smart Living
- Stich Wood
- Herman Miller Inc.
- Wayfair, Inc.
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