Smart Furniture Market By Product Type (Smart Tables, Smart Desks, Smart Stools & Benches, Smart Sofas, Smart Chairs), By Application (Corporate Offices, Residential) - Growth, Future Prospects And Competitive Analysis, 2018 – 2026
Home automation aiding the smart furniture market growth
Smart furniture market was valued at US$ 135.2 Mn in 2017 and expected to grow at a CAGR of 21.8% (2018 to 2026) and reach US$ 794.8 Mn in 2026. Smart furniture combines smart home technology along with network-connected household goods such as dressing tables, chairs, shelves and cabinet doors. Smart furniture aims at simplifying numerous basic problems among which charging electronic devices forms a major one. Governed primarily by residential segment, the market is highly driven by the overall rising smart homes industry worldwide. Due 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. Smart furniture monitors the duration for which an employee stands, sits or is away from the desk. Moreover, it also measures the calories burnt by an employee while sitting at the desk. Similarly, it also sends alert in case an employee has been sitting for quite long time, thereby creating awareness on ergonomic lifestyle. With increasing emphasis on incorporating ergonomic furniture by corporate entities, smart furniture is set to witness substantial growth over the forecast period.
Another important factor complimenting the market growth is rapidly evolving smart furniture designs. Smart furniture companies are developing smart tables that facilitate wireless charging of smartphones and mirrors displaying time, date and news. Changing lifestyle coupled with rising disposable income of people across regions such as Asia Pacific, Middle East & Africa and Latin America has further created a favorable environment for smart furniture market to flourish.
Increasing focus towards employee welfare propelling adoption of smart furniture across offices
In 2017, the residential segment led the overall smart furniture market worldwide, contributing to nearly 70% of the overall market value in 2017. One of the most prominent factors influencing residential segment growth is the rising popularity of smart homes and connected devices worldwide. Moreover, changing lifestyle and increasing discretionary income is expected to further drive the adoption of smart furniture in residential sector over the forecast period. Apart from North America and Europe, regions such as Asia Pacific and Latin America expected to support the aforementioned growth factors.
The adoption of smart furniture across corporate offices expected to witness a significant growth during the forecast period. There has been an increasing focus on part of corporate offices towards employee welfare and ergonomics. The adoption of smart furniture in offices enables to track and monitor an employee’s activities, thereby enhancing the overall productivity. Moreover, offices across the world are supporting the idea of office automation, a factor further bolstering the adoption of smart furniture in offices.
Rising discretionary income across Asia Pacific to make it the fastest growing regional market
The global smart furniture market is dominated by North America accounting for more than 35% of the overall market value in 2017. One of the most prominent factors driving the smart furniture market growth in the region is the strong home automation industry. Moreover, people are willing to spend more on home automation solutions as a result of higher inclination towards sophisticated lifestyle. In addition, the region being one of the early adopters of Internet of Things (IoT) has further helped the market to flourish.
The smart furniture market in Asia Pacific is expected to witness a substantial growth during the forecast period. The growth is mainly governed by the rising inclination towards home automation in the region. With rising discretionary income, people are more likely to invest in home automation solutions, thereby influencing the demand for smart furniture positively. Countries such as Japan, China and South Korea and some of the Southeast Asian countries are estimated to play a major role in smart furniture market in the region over the forecast period.
Smart furniture market set to witness massive R&D activities on the part of manufacturers in coming years
One of the common strategies amongst players in the smart furniture market is emphasis on product development, in order to offer more convenience and usability to the consumers. For instance, Carlo Ratti Associati launched an Internet of Things sofa in April 2016. The new sofa is developed with the support of Swiss furniture brand Vitra. The new smart sofa can be adjusted into different configuration using hand gestures or an app. Similarly, in 2017, Herman Miller introduced its range of connected office furniture. The desks are equipped with sensors, which helps in monitoring the usage pattern. The collected data can be further used for health and activity analysis.
Key players profiled in the report include Milano Smart Living, Modoola Ltd., Fonesalesman, Carlo Ratti, Herman Miller, Inc., Tabula Sense, Ikea Systems B.V., Seebo Interactive Ltd., Kamarq Holdings and Ori Systems among others.
Key questions answered in this report
- What was the global market size in 2017 and forecast for 2026?
- What are the current market trends in the smart furniture market?
- What are the various valuable opportunities for the players?
- Which are the bestselling smart furniture brands?
- Which is the largest regional market for smart furniture?
- Which region expected to be the fastest growing and why?
- What are new products launched by the leading smart furniture manufacturers?
- What are the key strategies adopted by the leading players in market?
- What are the technological trends existing in the market?
- Consumer behavior analysis affecting the adoption of smart furniture
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Smart Furniture Market
2.2 Global Smart Furniture Market, By Product Type
2.3 Global Smart Furniture Market, By Application
2.4 Global Smart Furniture Market, By Geography
Chapter 3 Market Dynamics
3.1 Market Overview
3.1.1 Global Smart Furniture Market Value, 2016 – 2026
3.2 Market Drivers
3.3 Market Challenges
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends and Future Outlook
3.5 Attractive Investment Proposition
3.6 Consumer Behavior Analysis
3.7 Competitive Analysis
3.7.1 Market Positioning of Key Vendors
3.7.2 Key Strategies Adopted by the Leading Players
Chapter 4 Global Smart Furniture Market Analysis, by Product Type
4.1 Overview
4.2 Smart Tables
4.3 Smart Desks
4.4 Smart Stools & Benches
4.5 Smart Sofas
4.6 Smart Chairs
Chapter 5 Global Smart Furniture Market Analysis, by Application
5.1 Overview
5.2 Corporate Offices
5.3 Residential
Chapter 6 North America Smart Furniture Market Analysis
6.1 Overview
6.2 North America Smart Furniture Market Analysis, By Product Type, 2016 – 2026
6.2.1 Market Analysis
6.3 North America Smart Furniture Market Analysis, By Application, 2016 – 2026
6.3.1 Market Analysis
6.4 North America Smart Furniture Market Analysis, By Region, 2016 – 2026
6.4.1 U.S.
6.4.2 Canada
Chapter 7 Europe Smart Furniture Market Analysis
7.1 Overview
7.2 Europe Smart Furniture Market Analysis, By Product Type, 2016 – 2026
7.2.1 Market Analysis
7.3 Europe Smart Furniture Market Analysis, By Application, 2016 – 2026
7.3.1 Market Analysis
7.4 Europe Smart Furniture Market Analysis, By Region, 2016 – 2026
7.4.1 U.K.
7.5.1 Germany
7.5.2 France
7.5.3 Rest of Europe
Chapter 8 Asia Pacific Smart Furniture Market Analysis
8.1 Overview
8.2 Asia Pacific Smart Furniture Market Analysis, By Product Type, 2016 – 2026
8.2.1 Market Analysis
8.3 Asia Pacific Smart Furniture Market Analysis, By Application, 2016 – 2026
8.3.1 Market Analysis
8.4 Asia Pacific Smart Furniture Market Analysis, By Region, 2016 – 2026
8.4.1 China
8.4.2 Japan
8.4.3 South Asia
8.4.4 Rest of Asia Pacific
Chapter 9 Rest of the World (RoW) Smart Furniture Market Analysis
9.1 Overview
9.2 RoW Smart Furniture Market Analysis, By Product Type, 2016 – 2026
9.2.1 Market Analysis
9.3 RoW Smart Furniture Market Analysis, By Application, 2016 – 2026
9.3.1 Market Analysis
9.4 RoW Smart Furniture Market Analysis, By Region, 2016 – 2026
9.4.1 Middle East & Africa (MEA)
9.4.2 Latin America
Chapter 10 Company Profiles
10.1 Ikea Group
10.2 Modoola Ltd.
10.3 Fonesalesman
10.4 Carlo Ratti
10.5 Herman Miller, Inc.
10.6 Tabula Sense
10.7 Milano Smart Living
10.8 Seebo Interactive Ltd
10.9 Kamarq Holdings
10.10 Ori Systems
Note :
Profiles of specific players, if required, shall be added to the report upon request
TABLE 1 Market Snapshot: Global Smart Furniture Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America Smart Furniture Market Value, By Product Type, 2016 – 2026 (US$ Mn)
TABLE 5 North America Smart Furniture Market Value, By Application, 2016 – 2026 (US$ Mn)
TABLE 6 North America Smart Furniture Market Value, By Region/Country, 2016 – 2026 (US$ Mn)
TABLE 7 Europe Smart Furniture Market Value, By Product Type, 2016 – 2026 (US$ Mn)
TABLE 8 Europe Smart Furniture Market Value, By Application, 2016 – 2026 (US$ Mn)
TABLE 9 Europe Smart Furniture Market Value, By Region/Country, 2016 – 2026 (US$ Mn)
TABLE 10 Asia Pacific Smart Furniture Market Value, By Product Type, 2016 – 2026 (US$ Mn)
TABLE 11 Asia Pacific Smart Furniture Market Value, By Application, 2016 – 2026 (US$ Mn)
TABLE 12 Asia Pacific Smart Furniture Market Value, By Region/Country, 2016 – 2026 (US$ Mn)
TABLE 13 RoW Smart Furniture Market Value, By Product Type, 2016 – 2026 (US$ Mn)
TABLE 14 RoW Smart Furniture Market Value, By Application, 2016 – 2026 (US$ Mn)
TABLE 15 RoW Smart Furniture Market Value, By Region/Country, 2016 – 2026 (US$ Mn)
TABLE 16 Ikea Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)
TABLE 17 Modoola Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)
TABLE 18 Fonesalesman: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)
TABLE 19 Carlo Ratti: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)
TABLE 20 Herman Miller, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)
TABLE 21 Tabula Sense: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)
TABLE 22 Milano Smart Living.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)
TABLE 23 Seebo Interactive Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)
TABLE 24 Kamarq Holdings: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)
TABLE 25 Ori Systems: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Business Strategy Analysis, Recent Developments)
FIG. 1 Global Smart Furniture: Market Segmentation
FIG. 2 Global Smart Furniture Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Smart Furniture Market, By Product Type, 2017 (US$ Mn)
FIG. 5 Global Smart Furniture Market, By Application, 2017 (US$ Mn)
FIG. 6 Global Smart Furniture Market, By Geography, 2017 (US$ Mn)
FIG. 7 Global Smart Furniture Market Value, 2016 – 2026, (US$ Mn)
FIG. 8 Attractive Investment Proposition
FIG. 9 Market Positioning of Key Smart Furniture Vendors, 2017
FIG. 10 Global Smart Furniture Market Value Contribution, By Product Type, 2017 & 2026 (%)
FIG. 11 Global Smart Tables Market Value, 2016 – 2026, (US$ Mn)
FIG. 12 Global Smart Desks Market Value, 2016 – 2026, (US$ Mn)
FIG. 13 Global Smart Stools & Benches Market Value, 2016 – 2026, (US$ Mn)
FIG. 14 Global Smart Sofas Market Value, 2016 – 2026, (US$ Mn)
FIG. 15 Global Smart Chairs Market Value, 2016 – 2026, (US$ Mn)
FIG. 16 Global Smart Furniture Market Value Contribution, By Application, 2017 & 2026 (%)
FIG. 17 Global Smart Furniture Market Value from Corporate Offices, 2016 – 2026, (US$ Mn)
FIG. 18 Global Smart Furniture Market Value from Residential, 2016 – 2026, (US$ Mn)
FIG. 19 North America Smart Furniture Market Value, 2016 – 2026, (US$ Mn)
FIG. 20 Europe Smart Furniture Market Value, 2016 – 2026, (US$ Mn)
FIG. 21 Asia Pacific Smart Furniture Market Value, 2016 – 2026, (US$ Mn)
FIG. 22 RoW Smart Furniture Market Value, 2016 – 2026, (US$ Mn)
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