Global Smart furniture Market to reach USD 668.8 Million by 2025 | CAGR: 22%
Global Smart furniture Market is valued USD 111.7 Million in 2016 is anticipated to grow USD 668.8 Million with the compounded annual growth of 22% over the forecast period 2017-2025.
New York 18 June 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Smart furniture industry is poised to raise USD 668.8 Million by 2025. Some key components for the market development will be; to growing consumer shift towards connected devices, smart furniture market expected to witness robust growth over the forecast period, Increasing adoption of smart furniture across workplace (corporate offices) is another prominent factor aiding the market growth and increasing emphasis on incorporating ergonomic furniture by corporate entities, smart furniture is set to witness substantial growth over the forecast period.
To view the summary or to request a sample copy of this report, please click the link mentioned below:
Global Smart furniture Market Size study, By Product Type (Smart Tables, Smart Desks, Smart Stools & Benches, Smart Sofas, Smart Chairs), By Furniture category (Commercial, Residential) and by Regional Forecasts 2017-2025
The industry seems to be fairly competitive. Some of the leading market players include ikea group, modoola ltd., fonesalesman, carlo ratti, hermer miller Inc., tabula sense, and so on. Other market players discussed in the report include Milano smart living, seebo interactive Ltd., kamarq holdings, ori systems. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- Important factor complimenting the market growth is rapidly evolving smart furniture designs.
- One of the most prominent factors influencing residential segment growth is the rising popularity of smart homes and connected devices worldwide.
- Income is expected to further drive the adoption of smart furniture in the residential sector.
- Adoption of smart furniture across corporate offices expected to witness a significant growth during the forecast period.
Bizwit Research & Consulting LLP has considered the following segments for the study:
By Product type:
- Smart table
- Smart desks
- Smart stools & benches
- Smart sofas
- Smart chairs
By Furniture category:
- North America
- Asia Pacific
- Latin America
- Rest of the World