Market Overview:
The global smart furniture market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for smart furniture in offices, commercial spaces, and homes. Additionally, the growing awareness about the benefits of using smart furniture is also contributing to the growth of this market. The global smart furniture market can be segmented on the basis of type intosmart tables,smart desks,smart stools & benches,smart sofas,smart chairs and others. Of these segments,the Smart Tables segment is expected to account for a major share ofthe globalmarket duringthe forecast period owingto its growing popularity among consumers due to its multifunctional features such as storage space and wireless charging capabilities. Of these segments,.
Product Definition:
Smart furniture is furniture that is connected to the internet and can be controlled remotely. It can be used to control things like lights, temperature, and security systems. Smart furniture is important because it makes it easier for people to manage their homes remotely.
Smart Tables:
Smart tables are a combination of coffee table and dining table, they have the ability to connect to the internet, play music, control your TV and other smart devices. The growth factor in this market is increasing demand for entertainment at home along with luxury. Smart furniture has become an important part of modern living as it helps keep family members connected through technology while providing a comfortable seating experience.
The major challenge in this market is lack of consumer awareness about its benefits.
Smart Desks:
Smart Desks are a new concept of office furniture that is gaining popularity among the working population. These desks are equipped with sensors and software, which can be used to access data from any source. For instance, if an employee leaves the desk for some time, the system will automatically detect it and lock or send emails without your intervention.
Application Insights:
The offices application segment accounted for the largest share of over 50.0% in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to the increasing use of smart furniture in office settings, especially by large organizations as they can manage a large number of employees with different work styles and requirements. Furthermore, companies are focusing on enhancing their workplace environment through innovative technologies such as AI that helps improve employee productivity. This factor is anticipated to drive product demand in offices across various regions globally.
The commercial application segment accounted for more than 30% market share in 2017 owing to rising adoption at hotels, restaurants and other hospitality industries among others where customer comfort is a primary concern along with effective management practices followed by these industries regarding their operations effectively.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing adoption of smart devices, such as smartphones and laptops, in U.S., which has created a need for convenient working environment for employees across various industries. Moreover, presence of several technology giants such as Google Inc., Hewlett Packard Enterprise Development LP, and Cisco Systems, Inc.; has led to increased penetration of smart devices in this region over the past few years thereby creating opportunities for market growth shortly ahead.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing disposable income among middle-class population groups especially in developing countries like China and India; thereby driving demand for technologically advanced products including furniture with added features of convenience.
Growth Factors:
- Increasing demand for smart furniture from the hospitality sector as hotels are looking to provide enhanced customer experience through smart technology.
- Rising demand for multifunctional and space-saving furniture in small apartments and homes.
- Growing popularity of home automation and connected devices, which is driving the demand for smart furniture that can be integrated with these systems.
- Rapid urbanization and growing population, especially in developing countries, is leading to an increase in the demand for smart furniture that can optimize space utilization.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Furniture Market Research Report
By Type
Smart Tables, Smart Desks, Smart Stools & Benches, Smart Sofas, Smart Chairs, Others
By Application
Offices, Commercial, Home Use
By Companies
Ikea Group, Modoola Ltd., Fonesalesman, Carlo Ratti, Herman Miller, Inc., Tabula Sense, Milano Smart Living, Seebo Interactive Ltd, Kamarq Holdings, Ori Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Smart Furniture Market Report Segments:
The global Smart Furniture market is segmented on the basis of:
Types
Smart Tables, Smart Desks, Smart Stools & Benches, Smart Sofas, Smart Chairs, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Offices, Commercial, Home Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ikea Group
- Modoola Ltd.
- Fonesalesman
- Carlo Ratti
- Herman Miller, Inc.
- Tabula Sense
- Milano Smart Living
- Seebo Interactive Ltd
- Kamarq Holdings
- Ori Systems
Highlights of The Smart Furniture Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Smart Tables
- Smart Desks
- Smart Stools & Benches
- Smart Sofas
- Smart Chairs
- Others
- By Application:
- Offices
- Commercial
- Home Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Furniture Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart furniture is a type of furniture that can be controlled by an electronic device. This allows the user to control various aspects of the furniture, such as temperature and lighting.
Some of the key players operating in the smart furniture market are Ikea Group, Modoola Ltd., Fonesalesman, Carlo Ratti, Herman Miller, Inc., Tabula Sense, Milano Smart Living, Seebo Interactive Ltd, Kamarq Holdings, Ori Systems.
The smart furniture market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Furniture Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Furniture Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Furniture Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Furniture Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Furniture Market Size & Forecast, 2018-2028
4.5.1 Smart Furniture Market Size and Y-o-Y Growth
4.5.2 Smart Furniture Market Absolute $ Opportunity
Chapter 5 Global Smart Furniture Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Smart Furniture Market Size Forecast by Type
5.2.1 Smart Tables
5.2.2 Smart Desks
5.2.3 Smart Stools & Benches
5.2.4 Smart Sofas
5.2.5 Smart Chairs
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Furniture Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Smart Furniture Market Size Forecast by Applications
6.2.1 Offices
6.2.2 Commercial
6.2.3 Home Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Furniture Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Furniture Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Smart Furniture Analysis and Forecast
9.1 Introduction
9.2 North America Smart Furniture Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Smart Furniture Market Size Forecast by Type
9.6.1 Smart Tables
9.6.2 Smart Desks
9.6.3 Smart Stools & Benches
9.6.4 Smart Sofas
9.6.5 Smart Chairs
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Smart Furniture Market Size Forecast by Applications
9.10.1 Offices
9.10.2 Commercial
9.10.3 Home Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Smart Furniture Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Furniture Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Smart Furniture Market Size Forecast by Type
10.6.1 Smart Tables
10.6.2 Smart Desks
10.6.3 Smart Stools & Benches
10.6.4 Smart Sofas
10.6.5 Smart Chairs
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Smart Furniture Market Size Forecast by Applications
10.10.1 Offices
10.10.2 Commercial
10.10.3 Home Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Smart Furniture Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Furniture Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Smart Furniture Market Size Forecast by Type
11.6.1 Smart Tables
11.6.2 Smart Desks
11.6.3 Smart Stools & Benches
11.6.4 Smart Sofas
11.6.5 Smart Chairs
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Smart Furniture Market Size Forecast by Applications
11.10.1 Offices
11.10.2 Commercial
11.10.3 Home Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Smart Furniture Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Furniture Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Smart Furniture Market Size Forecast by Type
12.6.1 Smart Tables
12.6.2 Smart Desks
12.6.3 Smart Stools & Benches
12.6.4 Smart Sofas
12.6.5 Smart Chairs
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Smart Furniture Market Size Forecast by Applications
12.10.1 Offices
12.10.2 Commercial
12.10.3 Home Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Smart Furniture Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Furniture Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Smart Furniture Market Size Forecast by Type
13.6.1 Smart Tables
13.6.2 Smart Desks
13.6.3 Smart Stools & Benches
13.6.4 Smart Sofas
13.6.5 Smart Chairs
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Smart Furniture Market Size Forecast by Applications
13.10.1 Offices
13.10.2 Commercial
13.10.3 Home Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Furniture Market: Competitive Dashboard
14.2 Global Smart Furniture Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ikea Group
14.3.2 Modoola Ltd.
14.3.3 Fonesalesman
14.3.4 Carlo Ratti
14.3.5 Herman Miller, Inc.
14.3.6 Tabula Sense
14.3.7 Milano Smart Living
14.3.8 Seebo Interactive Ltd
14.3.9 Kamarq Holdings
14.3.10 Ori Systems
