Saturday Jan 28, 2023

Global Smart Furniture Market Size, Share & Industry Trends Analysis Report By Application, By Product, By Regional Outlook and Forecast, 2021 – 2027 – Yahoo Finance



The Global Smart Furniture Market size is expected to reach $290. 8 million by 2027, rising at a market growth of 11. 7% CAGR during the forecast period. Smart furniture is ordinary furniture, like chairs, desks, tables, and other items in contemporary designs for businesses and homes, that are integrated with an intelligence system or is controlled by a controller.

New York, May 05, 2022 (GLOBE NEWSWIRE) — announces the release of the report “Global Smart Furniture Market Size, Share & Industry Trends Analysis Report By Application, By Product, By Regional Outlook and Forecast, 2021 – 2027” –
In addition, this furniture is significantly more complex and developed to satisfy the requirements of modern-day lifestyles. A growing number of furniture firms are incorporating smart technologies to enhance their goods and make them more consumer-centric, appealing, and comfy.

All furniture solutions that use information from the surrounding environment to give integrated functionality and comfort to their customers are referred to as smart furniture. It encompasses all objects that facilitate human activities such as seating, eating, sleeping, and so on. A smart piece of furniture usually has a distinct style, which could be conventional, modern, or opulent, and is designed only for the purpose of saving space.

Moreover, smart furniture is designed with a focus on its beauty and impression, and it can also be combined with the newest IT technology, allowing users to connect their smartphone devices to the smart furniture.

The worldwide smart furniture market is predicted to develop as disposable income rises and lifestyles change. In addition, rising investment in home automation solutions, combined with a shift in consumer preference for connected devices, would help the market to flourish. Moreover, some of the major trends of the market are increased use of smart furniture in a variety of industries, as well as shifting customer preferences for a simpler lifestyle. On the other hand, the massive cost of smart furniture goods compared to traditional furniture is expected to act as a significant barrier to the growth of the smart furniture market.

The worldwide smart furniture market is booming due to the rising customer demand for smart home-controlled gadgets. In addition, smart furniture allows users to access a variety of comfort applications, like temperature control in electric mattresses and smart beds, and also allows them to transform basic furniture into numerous space-saving furniture shapes, such as converting a sofa to a bed and vice versa. Moreover, rising consumer demand for furnishings and durable household equipment is expected to contribute significantly to the growth of the overall Smart Furniture market.

COVID-19 Impact

Fluctuations in furniture demand, as well as import and export restrictions and supply chain disruptions caused by the COVID-19 outbreak, have impeded the growth of the market during the pandemic period. On the other hand, the market is expected to benefit from the growing trend of smart city initiatives and the increased launch of innovative smart furniture items by industry participants. The abrupt COVID-19 pandemic, which struck the world in the initial phase of 2020, has drastically altered the furniture industry. In addition, the disruptions in the supply chain, as well as the temporary prohibition on global trade, have had a significant impact on countries that rely heavily on imports for their furniture. With the increase in time spent at home due to the pandemic, a significant portion of the world’s population was compelled to move to a stay-at-home protocol for a longer period of time, motivating customers …….


Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top