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.

Request a free sample: https://www.nextmsc.com/smart-furniture-market/request-sample

Report cover

Details

Forecast period

2022–2030

base year

2021

Market size in 2021

$2.84 billion

Market size in 2030

$4.27 billion

CAGR

4.6%

Number of pages

264

the tables

333

The figures

169

Segments Covered

Product type, end use, distribution channel and region.

Drivers

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

The trend of online shopping

Increased consumer purchasing power

Opportunities

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.

Buy this report directly here: https://www.nextmsc.com/report/smart-furniture-market

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.

Need a personalized report, contact us here: https://www.nextmsc.com/contact

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.

If you have any questions, you can inquire before purchasing: https://www.nextmsc.com/smart-furniture-market/inquire-before-buying

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.

Buy a full report here: https://www.nextmsc.com/report/smart-furniture-market

See also related reports:

Antimicrobial Furniture Market by surface material (copper, silver, titanium, and others), by sales channel (e-commerce, supermarket/hypermarket, specialty stores, and other channels), by buyer type (individual and institutional, and by end-use verticals (Medical and Healthcare, Educational Institutions, Corporate Institutes, Malls and Stores, Households and Others) – Global Opportunities Analysis and Industry Forecast 2022-2030

furniture market by type (RTA and non-RTA), by product type (Beds and mattresses, sofas and armchairs, entertainment units, storage units, tables and desks and other furniture), by material type (plastic, wood, melamine, glass, steel, wrapped panels, finished sheets, laminates and lacquered panels), by end use (residential and commercial), by distribution channel (home centers, flagship stores, specialty stores, e-commerce and other distribution channels) and by price range (High-end Furniture, Mid-price Furniture and Low-cost Furniture) – Global Opportunities Analysis and Industry Forecast 2022-2030

upholstered furniture market by type (chair, sofas, table, beds and other types), by price range (massive and high-end), by end use (residential and commercial) and by distribution channel (supermarket/hypermarket, specialty stores, online channels). line and others) – Global Opportunities Analysis and Industry Forecast 2022-2030

About Us:

Next Move Strategy Consulting is a leading management consulting and market research firm committed to providing its clients with the latest, strategically analyzed and well-researched research reports. The search industry is flooded with many companies to choose from, what sets Next Move apart from others is its superior research and obsession with turning data into knowledge by dissecting each element and providing recommendations evidence-based research backed by information gathered from over 500 million websites, paid databases, industry journals and one-on-one consultations with industry experts across a wide range of industry sectors. High quality, personalized research reports with actionable insights and excellent end-to-end customer service help our clients make critical business decisions that allow them to go beyond time and gain a competitive edge in the market. ‘industry.

We have served over 1,000 clients worldwide, including 90% of Fortune 500 companies for a decade. Our analysts constantly track various high-growth markets and identify hidden opportunities in each sector or industry. We provide one of the best quality syndicates in the industry along with custom research reports across 10 different industry verticals. We are committed to providing high quality research solutions in line with your business needs. Our industry-standard delivery solutions, ranging from pre-consultation to after-sales services, provide excellent customer experience and ensure proper strategic decision-making for businesses.

CONTACT: Joseph Lawrence Head - Client Engagement & Servicing Next Move Strategy Consulting E-Mail: [email protected] Direct: +1-217-650-7991 You can also email us at - [email protected] Website: www.nextmsc.com

Comments are closed.