Smart
furniture refers to the furniture combined with the technology such as network
capability to allow the customers to extend their furniture beyond its original
analogue function. Smart furniture enables the users to listen to music, browse
the internet for news, weather and recipes among other applications. It also
allows the users to make and receive calls from their furniture by linking
their handsets via Bluetooth. Furthermore, smart furniture can also be linked
to door bells to monitor visits, open doors and control the heating and cooling
systems in the household. Moreover, the smart furniture has also
come up with the new model of bed that tracks the individual biometrics
including movements, heartbeat and breathing and provides advice on how to
improve the sleep.
Market Size and Forecast
The market is expected to achieve
robust growth in terms of revenue during the period 2017 to 2024 with
approximately 26 billion connected devices by 2024. The major factors responsible for
the growth will be the customers’ access to the various applications such as
listening music and controlling the temperature of the furniture such as couch.
The North America especially the U.S. has contributed significantly in the
overall revenue of smart
furniture market and is anticipated to expand at a stupendous growth rate
over the period 2017-2024. Changing in lifestyle along with
rising personal disposable and adaptability towards smart furniture in Asia
Pacific region is expected to increase the growth of the market in Asia Pacific
and other developing regions such as Eastern Europe and Latin American
countries.
Market Segmentation
Our in
depth analysis of the global smart furniture market includes the following
segments:
By Product:
·
Sofa
·
Sofa
Beds
·
Chairs
·
Tables
·
Dining
·
Desks
·
Stools
and Benches
·
Lounge
Chairs
·
Side
Tables
By Application
·
Office
·
Home
By Region:
Global
Smart Furniture market is further classified on the basis of region as follows:
·
North
America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity
Analysis
·
Latin
America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth &
Opportunity Analysis
·
Western
and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium,
Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth
& Opportunity Analysis
·
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market
size, Y-O-Y growth & Opportunity Analysis
Growth Drivers and Challenges
The growth
of the market is driven by its application in the workplace to improve the
well-being of the employees. The furniture connected with the networking
capability such as sensors is used to detect the well-being of the employees.
These sensors monitor how long the employee sits, stands or is away from the
desk. It also measures the calories that an employee burns just from sitting at
their desk as he or she works. Moreover, the program can also signal an
employee to stand up if he or she has been sitting for a long while. Further,
the employees’ privacy is also maintained because the personal data is not
shared. Moreover, the information about the calories burned is available on a
real time basis. This use of the smart furniture at the workplace has led to
the growth of the global
smart furniture market.
Further, its use in the retail industry has pushed the market to the
global level. The customers at the retail store can find out the furniture with
the ease that they have been looking on their website with the help of their
smartphones. Moreover, their use in the home furniture such as charging table
has also pushed the market to the global level. The charging tables let the
users know where the table should be placed so that it can be charged. These
charging tables make use of Qi technologies for making the wireless charging
possible and thus reducing the space occupied by the other wires in the house
and subsequently make the house less clumsy. Further, the modular sofas
consisting of the stools allow the users to lift the seat up and down with its
central stand. This motion can be controlled either with a smartphone app, or
by activating embedded sensors that recognize gestures. Also, the stools can be
adjusted to form chairs. As a result, it allows the users to make the optimum
utilization of the space with an ease. This reason has led to the increase of
the market to the global level. Moreover, with the smart furniture families can
cook meals with the recipes right on the cabinet door; women can search for
accessory ideas or makeup tutorials in their dressing rooms. These cabinet
doors and the dressing rooms are built with in touch screens and the internet
connectivity without the use of smartphones and tablets, thus providing the
ease to the customers. Moreover, the increased availability of the software to
create smart furniture is easily available leading to the push of the market.
However, the market is a niche segment and consists of the small number of the
players that provides smart furniture. Moreover, the products are costly as it
is a niche market and there still remains a challenge on the part of the
developing countries like India to get adapts to these products.
Key players
·
Milano
Smart Living
o Company Overview
o Key Product Offerings
o Business Strategy
o SWOT Analysis
o Financials
·
Eastern
Smart Furniture SDN BHD
·
Knoll
·
Carlo
Ratti
·
Modoola
·
Stitch
Wood
·
FurniQi
·
Vitra
·
Herman
Miller
·
Innovation
Scope and
Context
Overview of the Parent Market
Analyst
View
Segmentation
The Global
Smart Furniture Market is segmented as follows:
·
By
Product Market Size & Y-O-Y Growth Analysis
·
By
Application Market Size & Y-O-Y Growth Analysis
·
By
Region Market Size & Y-O-Y Growth Analysis
Market
Dynamics
Supply
& Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for Players to establish themselves in current dynamic environment
To know
more about this research, kindly visit:
For Table of Content &
Free Sample Report Contact:
Ajay
Daniel
Email:
ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
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