Global Smart Furniture Market Expected to Worth $4.27 Billion by 2030, According to Next Move Strategy Consulting Report

Rising demand for space-saving furniture in commercial and residential sectors and the trend of online shopping are the factors contributing to the growth in the size of the global smart furniture market.

New York, June 29, 2022 (GLOBE NEWSWIRE) — According to the report published by Next Move Strategy Consulting, the global smart furniture market accumulated USD 2.84 billion in 2021 and is expected to collect USD 4.27 billion by 2030, representing a CAGR of 4.6% from 2022 to 2030. The research provides a detailed analysis of current market trends and their impact in the coming years, major segments, major market players and regional scenario.

Compiling every detail about the Smart Furniture industry in 264 pages, the report aims to help market players get comprehensive insights. The data presented in 333 tables and 169 figures aims to improve the understanding of the market. This information and data will enable market players, investors, stakeholders and startups to take the necessary decisions and design the future course of action.

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Report cover


Forecast period


base year


Market size in 2021

$2.84 billion

Market size in 2030

$4.27 billion



Number of pages


the tables


The figures


Segments Covered

Product type, end use, distribution channel and region.


Increase in demand for space-saving furniture in commercial and residential sectors

The trend of online shopping

Increased consumer purchasing power


Increase in the number of smart city initiatives

Development of innovative automated furniture products

The report is a valuable source of insights into the driving forces, restraining factors, and growth opportunities. There is a huge increase in the demand for space-saving furniture in the commercial and residential sectors. Moreover, the trend of online shopping is gaining momentum. These factors are estimated to drive the growth of the global smart furniture market. On the other hand, variations in demand and hurdles posed by import and export regulations are restraining the growth of the market.

Highlighting the untapped opportunities in the smart furniture market, Next Move Strategy Consulting’s Principal Analyst for the Consumer Goods category, said, “The number of smart city initiatives is increasing dramatically as governments and private players launch new projects. Additionally, technology companies are partnering with furniture vendors to determine consumer inclination and design automated furniture products accordingly. These factors present opportunities for the market.

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The report offers in-depth information and analysis of major segments of the global smart furniture market. The research segments the market based on product type, end use, distribution channel, and region. In terms of product type, the market is further segmented into smart stools and benches, smart tables and desks, smart sofas, smart chairs, and smart bed. Based on end use, the market is divided into residential and commercial. Based on distribution channel, it is sub-categorized into online and offline.

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Based on region, the report sub-segments the global smart furniture market into North America, Europe, Asia Pacific and Rest of the World. According to the report, North America accounted for the highest share in 2021 and is expected to maintain its dominant shareholding by 2030. This is attributed to rapid investments in home furnishing and decoration business, increasing construction and changes in people’s lifestyles. in this region. On the other hand, Asia-Pacific is expected to grow significantly over the forecast period, due to the increase in the implementation of designer furniture, the increase in the spending capacity of individuals and the initiatives of smart city.

In order to offer in-depth analysis and insights, the report provides the analysis of each segment for regions and countries. This will help the major market players to determine the performance of various segments in specific regions and countries. This will consequently help them to achieve the maximum smart furniture market share and grow their business.

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The report describes the competitive landscape with an in-depth analysis of the major players in the global smart furniture market. Key market players profiled and analyzed in the report are Inter IKEA Systems BV, Steelcase, Inc., Herman Miller, Inc., Seebo Interactive Ltd., StoreBound LLC, Modoola Limited, Milano Smart Living, Hi-Interiors SRL, Sobro and Sleep. Company number. The report also provides an analysis of the key strategies such as partnerships, expansions, collaborations, new product developments and others that are adopted by them.

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