Global Smart Furniture Market 2018-2022
About Smart Furniture
Smart furniture is powered by technological advances such as network connectivity via Bluetooth or Wi-Fi and others, which helps users enhance their furniture beyond its basic analog functions. Smart furniture helps consumers in browsing the Internet for news feeds, weather forecast updates, listen to music. It also offers wireless charging slots for smartphones and has features like distance operation and others.
Technavio’s analysts forecast the global smart furniture market will grow steadily in the next few years and reach more than USD 916 million by 2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global smart furniture market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Smart Furniture Market 2018-2022
Technavio recognizes the following companies as the key players in the global smart furniture market: CARLO RATTI ASSOCIATI, Herman Miller, Inter IKEA Systems, StoreBound (Sobro), and Steelcase.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in online retailing. Online retailing eliminated the need for holding huge inventories and maintaining physical stores. By enhancing the visibility of the retail business through the elimination of geographical restrictions for delivering products and services, online retailing enables the retailers and furniture manufacturers to target untapped markets.”
According to the report, one driver in the market is use in detecting the well-being of employees. With increasing number of organizations offering enhanced workplace comfort to their employees owing to lack of physical activities and busy work schedules, the awareness of smart furniture across industries has increased considerably in the recent years.
Further, the report states that one challenge in the market is lack of demand in developing countries. The awareness of the benefits of the smart furniture and furniture systems is low in underdeveloped economies and rural areas. Consumers in most underdeveloped economies and rural areas prefer traditional furniture.
CARLO RATTI ASSOCIATI
Inter IKEA Systems
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook