“Smart Furniture Market: Global Demand
Analysis & Opportunity Outlook 2024”
The
global smart furniture market is segmented into application such as office and
home. Among these segments, office segment is expected to occupy the top
position in smart furniture market. Increasing utilization of smart furniture
in workplace to track the well-being of the employees is anticipated to foster
the growth of office smart furniture market. Further, increasing number of
corporate offices across the globe is expected to foster the growth of office
smart furniture segment during the forecast period.
Global
smart furniture market is expected to flourish at a significant CAGR over the
forecast period. Moreover, the global smart furniture market is expected to
garner noteworthy revenue by the end of 2024. Rising disposable income coupled
with changing lifestyle and increasing use of smart furniture at office space are
believed to the dynamic factors behind the growth of smart furniture market
during the forecast period.
North America dominated the
overall smart furniture market in 2016 due to the high disposable income.
Further, North America is expected to continue its dominance over the forecast
period. Asia Pacific is forecasted to grow at a remarkable CAGR during the
forecast period. Additionally, rapid growth of commercial sector in the region
is likely to accelerate the growth of the Asia Pacific smart furniture market
during the forecast period.
Technological Innovation
Innovations and technological
development of smart furniture such as charging table and other furniture are fuelling
the growth of smart furniture market. For instance, development and utilization
of Qi wireless charging technology in the furniture is increasing the demand
for smart furniture. Further, incorporation of many technologies such as bluetooth
speakers, wireless smartphone charging, USB hub, induction beverage warmer and
other such technologies into single furniture is expected to strengthen the
growth of smart furniture market.
Rising Disposable Income
Rising
disposable income of the population is predicted to impel the growth of the
global smart furniture market. Moreover, changing lifestyle of the people such
as increasing preference for modular furniture is expected to boost the growth
of smart furniture market in the upcoming years. Although, high cost of smart
furniture products is envisioned to dampen the growth of the Global Smart Furniture Market.
The
report titled “Smart Furniture Market: Global Demand Analysis & Opportunity Outlook
2024” delivers
detailed overview of the global smart furniture market in terms of market
segmentation by product, by application and by region. Further, for the
in-depth analysis, the report encompasses the industry growth drivers,
restraints, supply and demand risk, market attractiveness, BPS analysis and
Porter’s five force model.
This
report also provides the existing competitive scenario of some of the key
players of the global smart furniture market which includes company profiling
of Ikea Systems B.V., Milano Smart Living, Carlo Ratti, Modoola Ltd., Stich
Wood, Fonesalesman, Herman Miller Inc., Tabula Sense and Qinside. The profiling
enfolds key information of the companies which encompasses business overview,
products and services, key financials and recent news and developments. On the
whole, the report depicts detailed overview of the global smart furniture market
that will help industry consultants, equipment manufacturers, existing players
searching for expansion opportunities, new players searching possibilities and
other stakeholders to align their market centric strategies according to the
ongoing and expected trends in the future.
Research
Nester is a leading service provider for strategic market research and
consulting. We aim to provide unbiased, unparalleled market insights and
industry analysis to help industries, conglomerates and executives to take wise
decisions for their future marketing strategy, expansion and investment etc. We
believe every business can expand to its new horizon, provided a right guidance
at a right time is available through strategic minds. Our out of box thinking
helps our clients to take wise decision so as to avoid future uncertainties.
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know more about this research, kindly visit:
Contact for more Info:
Name:-
Ajay Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
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