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.
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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.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Smart Furniture Market by Type
- Smart Tables
- Smart Desks
- Smart Sofas
- Smart Chairs
- Others (Beds)
Global Smart Furniture Market by Application
- Residential
- Commercial
Global Smart Furniture Market by Distribution Channel
- Online
- Offline
Regional Analysis
- North America
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- CARLO RATTI ASSOCIATI
- Fonesalesman
- Inter IKEA Systems B.V.
- IOF Srl (Hi-Interiors srl)
- Milano Smart Living
- MillerKnoll, Inc.
- Modoola Ltd.
- Nitz engineering Srl
- Seebo Interactive Ltd.
- Sleep Number Corp.
- Steelcase Inc.
- StoreBound LLC (Sobro)
- UAB Saulene
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.
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