Smart Furniture Market
Global Smart Furniture Market Size, Share &Trends Analysis Report by Type (Smart Tables, Smart Desks, Smart Sofas, Smart Chairs, and Others), by Application (Residential, and Commercial), and by Distribution Channel (Online and Offline) Forecast Period (2022-2028)
The global smart furniture market is anticipated to grow at an exponential CAGR of 20.2% during the forecast period. Smart furniture is furniture built with technological intelligence such as smart beds, smart sofas, smart tables, and several other products. The rising demand for smart gadgets is driving the growth of the smart furniture market across the globe. Resultantly, due to the increased usage of technology, the key market players are inclined toward innovating their products to survive and stay competitive in the market. Many companies are launching smart furniture with attractive features to increase their customer base. For instance, in October 2021, Sevenaire launched a ‘Saturn Bluetooth Speaker Table,’ which can be used as a table and speaker. It is a three-legged bedside, coffee, and side table, which comes with multi-functional features. Features include a wireless 360-degree Bluetooth speaker, power bank, and wireless charger. However, the high cost of smart furniture is expected to limit the customer, further restraining the market growth.
Segmental Outlook
The global smart furniture market is segmented based on type, application, and distribution channel. Based on the type, the market is segmented into smart tables, smart desks, smart sofas, smart chairs, and others. Based on the application, the market is sub-segmented into residential, and commercial. Based on the distribution channel, the market is sub-segmented into online and offline. Among the type segment, the smart chair is expected to hold a prominent share in the global smart furniture market. However, the smart sofas sub-segment is expected to be the fastest-growing segment in the global smart furniture market during the forecast period.
The Smart Chair is Expected to Hold a Prominent Share in the Global Smart Furniture Market
The smart chair sub-segment is expected to hold a prominent share in the global smart furniture market during the forecast period. The rising demand for smart chairs in the commercial area is driving the growth of the smart furniture market across the globe. Employees spend most of their on chairs due to which there is a significant rise in problems related to physical posture. Thus, the companies are also heavily focusing on manufacturing smart chairs offering improved comfort to the employees which will further lead the market growth. For instance, in August 2020, Inventis launched G-Smart smart chair, an ergonomic solution that integrates health tech into the humble office chair. The product integrates sensors and smartphone apps through which users are notified when their posture puts their physical health at risk. The product comparatively reduces the likelihood of developing health issues such as deep vein thrombosis.
Regional Outlooks
The global smart furniture market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among these, the North American region is expected to hold a prominent share in the global smart furniture market during the forecast period due to the presence of key market players. Furthermore, the Asia-Pacific region is expected to be the fastest-growing region in the global smart furniture market.
Global Smart Furniture Market Growth, by Region 2022-2028
North American Region is Expected to Hold a Prominent Share in the Global Smart Furniture Market
The North American region is expected to hold a prominent share in the growth of the global smart furniture market during the forecast period due to the strong presence of key market players such as IKEA Systems, MilerKnoll, and others. The growing dependence and usage of smart products and smart furniture in the region is the primary factor contributing to the growth of the market. Furthermore, smart furniture products are easily available in nations including the US and Canada due to the continuous introduction of updated products by the market players. For instance, in April 2021, Touchwood Labs launched its first commercially available line of smart home tables in the US. The smart side and coffee tables can interact with smart lightbulbs and speaker systems. They can set reminders, show to-do lists, operate multiple-timers, and display digital board games.
Market Players Outlook
The major companies serving the global smart furniture market include Inter IKEA Systems B.V., IOF Srl (Hi-Interiors Srl), StoreBound LLC (Sobro), Milano Smart Living, MillerKnoll, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in 2020, Huawei Smart Selection launched a smart product, an A-level smart table lamp dubbed Darren Smart Table Lamp 2i. The Darren Smart Table Lamp 2i is jointly developed by Huawei Smart Selection and Jiangsu Dalun Electronics Co., Ltd.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global smart furniture market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Recovery Scenario of Global Smart Furniture Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Smart Furniture Market by Type
4.1.1. Smart Tables
4.1.2. Smart Desks
4.1.3. Smart Sofas
4.1.4. Smart Chairs
4.1.5. Others (Beds)
4.2. Global Smart Furniture Market by Application
4.2.1. Residential
4.2.2. Commercial
4.3. Global Smart Furniture Market by Distribution Channel
4.3.1. Online
4.3.2. Offline
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. CARLO RATTI ASSOCIATI
6.2. Fonesalesman
6.3. Inter IKEA Systems B.V.
6.4. IOF Srl (Hi-Interiors srl)
6.5. Milano Smart Living
6.6. MillerKnoll, Inc.
6.7. Modoola Ltd.
6.8. Nitz engineering Srl
6.9. Seebo Interactive Ltd.
6.10. Sleep Number Corp.
6.11. Steelcase Inc.
6.12. StoreBound LLC (Sobro)
6.13. UAB Saulene
1. GLOBAL SMART FURNITURE MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBALSMART TABLES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL SMART DESKS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL SMART SOFAS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL SMART CHAIRS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL OTHER SMART FURNITURE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL SMART FURNITURE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
8. GLOBAL SMART FURNITURE FOR RESIDENTIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL SMART FURNITURE FOR COMMERCIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL SMART FURNITURE MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
11. GLOBAL SMART FURNITURE BY ONLINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL SMART FURNITURE BY OFFLINE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL SMART FURNITURE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN SMART FURNITURE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN SMART FURNITURE MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
16. NORTH AMERICAN SMART FURNITURE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
17. NORTH AMERICAN SMART FURNITURE MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
18. EUROPEAN SMART FURNITURE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. EUROPEAN SMART FURNITURE MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
20. EUROPEAN SMART FURNITURE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
21. EUROPEAN SMART FURNITURE MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC SMART FURNITURE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC SMART FURNITURE MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC SMART FURNITURE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC SMART FURNITURE MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
26. REST OF THE WORLD SMART FURNITURE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
27. REST OF THE WORLD SMART FURNITURE MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD SMART FURNITURE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
29. REST OF THE WORLD SMART FURNITURE MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
1. RECOVERY OF GLOBAL SMART FURNITURE MARKET, 2022-2028 (%)
2. GLOBAL SMART FURNITURE MARKET SHARE BY TYPE, 2021 VS 2028 (%)
3. GLOBAL SMART TABLES MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL SMART DESKS MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL SMART SOFAS MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL SMART CHAIRS MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL OTHER SMART FURNITURE MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL SMART FURNITURE MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
9. GLOBAL SMART FURNITURE FOR RESIDENTIAL MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL SMART FURNITURE FOR COMMERCIAL MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL SMART FURNITURE MARKET SHARE BY DISTRIBUTION CHANNEL, 2021 VS 2028 (%)
12. GLOBAL SMART FURNITURE BY ONLINE MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL SMART FURNITURE BY OFFLINE MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL SMART FURNITURE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. US SMART FURNITURE MARKET SIZE, 2021-2028 ($ MILLION)
16. CANADA SMART FURNITURE MARKET SIZE, 2021-2028 ($ MILLION)
17. UK SMART FURNITURE MARKET SIZE, 2021-2028 ($ MILLION)
18. FRANCE SMART FURNITURE MARKET SIZE, 2021-2028 ($ MILLION)
19. GERMANY SMART FURNITURE MARKET SIZE, 2021-2028 ($ MILLION)
20. ITALY SMART FURNITURE MARKET SIZE, 2021-2028 ($ MILLION)
21. SPAIN SMART FURNITURE MARKET SIZE, 2021-2028 ($ MILLION)
22. REST OF EUROPE SMART FURNITURE MARKET SIZE, 2021-2028 ($ MILLION)
23. INDIA SMART FURNITURE MARKET SIZE, 2021-2028 ($ MILLION)
24. CHINA SMART FURNITURE MARKET SIZE, 2021-2028 ($ MILLION)
25. JAPAN SMART FURNITURE MARKET SIZE, 2021-2028 ($ MILLION)
26. SOUTH KOREA SMART FURNITURE MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF ASIA-PACIFIC SMART FURNITURE MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD SMART FURNITURE MARKET SIZE, 2021-2028 ($ MILLION)
