With almost XX million units sold, across the globe; the Global Smart FurnitureMarket was valued around at US $XX Million in the year 2019, and is projected to reach $670.40 million by the year 2026, growing at a CAGR of 15% during the forecast period.
The report covers the detailed analysis of the Global Smart Furniture industry with the classifications of the market on the basis of Product, Application, and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.
Global Smart Furniture Market Introduction
Smart Furniturecan be said of a designed furniture, in a way that it is smart through a connection to a wall – mounted electric socket with an internet connection. The smart furniture, in a way is equipped with a networked computer, Input and Output devices and sensors, in coordination with the existing network infrastructure or user’s personal device.
Smart Furniture can be known as belonging under the umbrella of the Smart Home Appliances and Smart Cities, with an overlap of the furniture sector and the Internet of Things (IoT).
Top Global Smart Furniture Manufacturers
The report has profiled fifteen major companies in the market from different regions, across the Globe.Further, the report has considered all the followers, and new entrants with investors while analyzing the market and estimating the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in Asia Pacific.
Top Key Players in the Global Market for Smart Furniture
• Ikea Sytems
• Milano Smart Living
• Modoola Ltd.
• Carlo Ratti
• Herman Miller Inc.
• Seebo Interactive Ltd.
• Kamarq Holdings
• Ori Systems
• Steelcase Inc.
• Hi – Interiors Srl
• Nitz Engineering GmbH
• Dot & Bo.
• Resource Furniture LLC
• Lago Furnitures
Global Smart Furniture Market Dynamics
Changing lifestyle is one of the most prominent factors influencing the smart furniture market growth. As a result of increasing discretionary income, people are now more likely to invest in home automation solutions such as smart furniture. Further, organizations across the world are now increasingly adopting smart furniture for their employees in a zeal to improve their well-being and increase productivity. Smart furniture enables monitoring of activities such as sitting or standing time and calories burnt of an employee. Thus, these advantages are expected to drive the demand for smart furniture in corporate offices in the following years.Continual technological advancements have resulted in incorporation of various features such as wireless smartphone charging, induction beverage warmer and Bluetooth speakers among others into a single furniture, a factor further expected to strengthen the smart furniture market growth.
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Scope of Global Smart Furniture Market: Inquire before buying
The Global market for Smart Furniture is studied under twomajor segments and further into sub-segments to forecast the market size by value.
Global Smart Furniture Market, By Product
On the basis of Product,the market is segmented into –
• Stools & Benches
• Sofas & Chairs
Global Smart Furniture Market, By Application
On the basis of Application, the market is segmented into –
Residential Segment is expected to account for a largest Market Share in the Global Smart Furniture Market, during the forecast period.
Global Smart Furniture Market
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Regional Analysis of Global Smart Furniture Market
• North America
• Asia Pacific
• Middle East & Africa
• South America
North America is expected to account for a Largest Market Share in the Global Smart Furniture Market, during the forecast period.
The market for smart furniture is anticipated to grow with a largest CAGR in North America, especially in United States and Canada. This growth of the region could be attributed towards the rising demand for automation in home appliances by major population, across the region.
Global Smart Furniture Market1
The report also helps in understanding Global Smart Furniture Market dynamics, structure by analyzing the market segments and projects the Global Smart Furniture Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Smart Furniture Market make the report investor’s guide.
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