Smart Furniture Market Size, Market Share, Trend and Forecast Analysis to 2025
The global smart furniture market is expected to display higher growth rate over the next five years. Rapid surge in the market is credited to the robust market growth in residential housing sector. Rise in the number of online distribution channels and higher penetration of smart electronic equipment are expected to drive the growth of the market over the forecast period. Increasing demand for smart furniture via various online platforms, particularly in Asia Pacific region is credited to the massive boom in residential housing sector and ever-growing population demands.
The global smart furniture market is expected to display higher growth rate over the next five years. Rapid surge in the market is credited to the robust market growth in residential housing sector. Rise in the number of online distribution channels and higher penetration of smart electronic equipment are expected to drive the growth of the market over the forecast period. Increasing demand for smart furniture via various online platforms, particularly in Asia Pacific region is credited to the massive boom in residential housing sector and ever-growing population demands.
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>Smart</strong> <strong>Furniture</strong> <strong>Market</strong> <strong>Size</strong>, <strong>Market</strong> <strong>Share</strong>, <strong>Trend</strong> <strong>and</strong><br />
<strong>Forecast</strong> <strong>Analysis</strong> <strong>to</strong> <strong>2025</strong><br />
<strong>Smart</strong> <strong>Furniture</strong> <strong>Market</strong> Report provides in-depth analysis of industry by<br />
Production, <strong>Share</strong>, <strong>Size</strong>, Dem<strong>and</strong>, Proposition, Development, Opportunistic<br />
Growth, Economic <strong>Trend</strong>s, Technologies Research, Segmentation, Key Futuristic<br />
Investment Feasibility, Major key players, SWOT <strong>Analysis</strong> <strong>and</strong> <strong>Forecast</strong>.<br />
The Global <strong>Smart</strong> <strong>Furniture</strong> <strong>Market</strong> is expected <strong>to</strong> display higher growth rate over the next five<br />
years. Rapid surge in the market is credited <strong>to</strong> the robust market growth in residential housing<br />
sec<strong>to</strong>r. Rise in the number of online distribution channels <strong>and</strong> higher penetration of smart electronic<br />
equipment are expected <strong>to</strong> drive the growth of the market over the forecast period. Increasing<br />
dem<strong>and</strong> for smart furniture via various online platforms, particularly in Asia Pacific region is credited<br />
<strong>to</strong> the massive boom in residential housing sec<strong>to</strong>r <strong>and</strong> ever-growing population dem<strong>and</strong>s.<br />
Request Sample Copy of this <strong>Market</strong> Research @<br />
https://www.millioninsights.com/industry-reports/smart-furniture-market/request-sample<br />
Fac<strong>to</strong>rs responsible for sustained growth of smart furniture market include rising per capita income,<br />
growing awareness level regarding online retail platforms <strong>and</strong> declining cost of raw materials.<br />
Globally, market is predicted <strong>to</strong> generate massive revenue over the next five years, providing
numerous opportunities for industry participants <strong>to</strong> invest in research <strong>and</strong> development of smart<br />
furniture market.<br />
Increasing adoption of smart furniture from commercial sec<strong>to</strong>r <strong>to</strong> enhance workplace comfort for<br />
employees, thus improving organizational productivity, is expected <strong>to</strong> fuel industry growth over the<br />
coming years. In addition, integration of smart furniture in workplace creates pleasant environment<br />
for employees <strong>and</strong> keeps them energetic during busy work schedules. <strong>Smart</strong> furniture is considered<br />
as a key aspect for home au<strong>to</strong>mation, thereby generating several growth opportunities for industry<br />
players.<br />
However, lack of awareness among general population, particularly in underdeveloped economies is<br />
expected <strong>to</strong> limit market growth <strong>to</strong> a certain extent. Additionally, higher initial cost <strong>and</strong> relatively<br />
new concepts of smart furniture are the key challenges for smart furniture market, thus delaying its<br />
effective adoption. Complexity associated with design of smart furniture in comparison with<br />
traditional furniture, is further slowing the market progress.<br />
Browse Full Research Report @<br />
https://www.millioninsights.com/industry-reports/smart-furniture-market<br />
The market is broadly categorized in<strong>to</strong> two major segments based on the application type such as<br />
commercial sec<strong>to</strong>r <strong>and</strong> residential sec<strong>to</strong>r. Residential segment is growing rapidly in the market with<br />
substantial revenue generation in the last few years.<br />
The market is divided by region as North America, Europe, Asia-Pacific, Latin America <strong>and</strong> Africa.<br />
North America has shown major growth in recent years owing <strong>to</strong> the rise in implementation of<br />
latest technologies in housing sec<strong>to</strong>r, surge in number of research & development activities in the<br />
region <strong>and</strong> existence of well-established manufacturing infrastructure. In European region,<br />
Germany, France, <strong>and</strong> United Kingdom are projected <strong>to</strong> witness steady growth due the growing<br />
housing market <strong>and</strong> increasing per capita income.<br />
Asia-Pacific region is estimated <strong>to</strong> hold a major share in the smart furniture industry with massive<br />
growth in forecast period. Countries such as India, China <strong>and</strong> Singapore are leading the Asia-Pacific<br />
market with increasing infrastructural activities, booming online retail sec<strong>to</strong>r, rising disposable
income, <strong>and</strong> significant investment by leading industry players considering potential growth<br />
opportunities in the region.<br />
The key players in the smart furniture market are Milano <strong>Smart</strong> Living LLC, Modoola Ltd.,<br />
Fonesalesman Ltd., Carlo Ratti Associati, Herman Miller, Inc., Tabula Sense Ltd., Ikea Systems B.V.,<br />
Seebo Interactive Ltd., Kamarq Holdings Pvt., Ltd., <strong>and</strong> Ori Systems Co.<br />
See More Reports of this Category by Million Insights @<br />
https://www.millioninsights.com/industry/consumer-goods<br />
<strong>Market</strong> Segment:<br />
The various contribu<strong>to</strong>rs involved in the value chain of <strong>Smart</strong> <strong>Furniture</strong> include manufacturers,<br />
suppliers, distribu<strong>to</strong>rs, intermediaries, <strong>and</strong> cus<strong>to</strong>mers. The key manufacturers in the <strong>Smart</strong><br />
<strong>Furniture</strong> include<br />
• Ikea Group<br />
• Modoola Ltd.<br />
• Fonesalesman<br />
• Carlo Ratti<br />
• Herman Miller, Inc.<br />
• Tabula Sense<br />
• Milano <strong>Smart</strong> Living<br />
• Seebo Interactive Ltd<br />
• Kamarq Holdings<br />
• Ori Systems<br />
<strong>Market</strong> <strong>Size</strong> Split by Type
• <strong>Smart</strong> Tables<br />
• <strong>Smart</strong> Desks<br />
• <strong>Smart</strong> S<strong>to</strong>ols & Benches<br />
• <strong>Smart</strong> Sofas<br />
• <strong>Smart</strong> Chairs<br />
• Others<br />
<strong>Market</strong> <strong>Size</strong> Split by Application<br />
• Offices<br />
• Commercial<br />
• Home Use<br />
The key points of this report are:<br />
• To study <strong>and</strong> analyze the global <strong>Smart</strong> <strong>Furniture</strong> market size (value & volume) by company, key<br />
regions/countries, products <strong>and</strong> application, his<strong>to</strong>ry data from 2013 <strong>to</strong> 2017, <strong>and</strong> forecast <strong>to</strong> <strong>2025</strong>.<br />
• To underst<strong>and</strong> the structure of <strong>Smart</strong> <strong>Furniture</strong> market by identifying its various subsegments.<br />
• To share detailed information about the key fac<strong>to</strong>rs influencing the growth of the market (growth<br />
potential, opportunities, drivers, industry-specific challenges <strong>and</strong> risks).<br />
• Focuses on the key global <strong>Smart</strong> <strong>Furniture</strong> manufacturers, <strong>to</strong> define, describe <strong>and</strong> analyze the<br />
sales volume, value, market share, market competition l<strong>and</strong>scape, SWOT analysis <strong>and</strong> development<br />
plans in next few years.<br />
• To analyze the <strong>Smart</strong> <strong>Furniture</strong> with respect <strong>to</strong> individual growth trends, future prospects, <strong>and</strong><br />
their contribution <strong>to</strong> the <strong>to</strong>tal market.<br />
• To project the value <strong>and</strong> volume of <strong>Smart</strong> <strong>Furniture</strong> submarkets, with respect <strong>to</strong> key regions (along<br />
with their respective key countries).
• To analyze competitive developments such as expansions, agreements, new product launches,<br />
<strong>and</strong> acquisitions in the market.<br />
• To strategically profile the key players <strong>and</strong> comprehensively analyze their growth strategies.<br />
Browse Full Research Report @<br />
https://www.millioninsights.com/industry-reports/smart-furniture-market
Get in <strong>to</strong>uch<br />
At Million Insights, we work with the aim <strong>to</strong> reach the highest levels of cus<strong>to</strong>mer satisfaction.<br />
Our representatives strive <strong>to</strong> underst<strong>and</strong> diverse client requirements <strong>and</strong> cater <strong>to</strong> the same with the<br />
most innovative <strong>and</strong> functional solutions.<br />
Contact Person:<br />
Ryan Manuel<br />
Research Support Specialist, USA<br />
Email: ryan@millioninsights.com<br />
Global Headquarters<br />
Million Insights<br />
Fel<strong>to</strong>n Office Plaza 6265 Highway 9<br />
Fel<strong>to</strong>n, California 95018, United States<br />
Phone: 1-408-610-2300<br />
Email: sales@millioninsights.com<br />
Asia Pacific<br />
Million Insights<br />
Office No. 302, 3rd Floor, Manikch<strong>and</strong><br />
Galleria, Model Colony, Shivaji Nagar,<br />
Pune, MH, 411016 India<br />
Phone: 91-20-65300184<br />
Email: sales@millioninsights.com<br />
Visit Our Blog:<br />
www.millioninsights.blogspot.com
Change language