Global Smart furniture market to reach USD 325.48 million by 2027.Global Smart furniture market is valued at approximately USD 143.6 million in 2020 and is anticipated to grow with a healthy growth rate of more than 12.4% over the forecast period 2021-2027. Smart furniture is defined as networked, designed furniture that is equipped with an intelligent system or controlled by energy sources and user's data. Changing lifestyle of customers and rise in adoption of tech savvy workspace states an increase in the demand for smart furniture market. For Instance: As per the data from smart furniture market is valued at USD 143.6 million in 2020 and is expected to grow by USD 325.48 million by 2027. However, high cyclic demand for furniture impedes the growth of the market over the forecast period of 2021-2027. Also, increased disposable income of consumers is likely to increase the market growth during the forecast period.

The regional analysis of global Smart furniture market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the growing geriatric population and promptness & affordability of urgent care services coupled with the well-established healthcare infrastructure. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2021-2027. Factors such as rising disposable income, rising incidences of injuries and improving healthcare infrastructure would create lucrative growth prospects for the Smart furniture market across Asia-Pacific region.

Major market players included in this report are:
Inter inkeya systems B.V.
Sobro
Sleep number corporation
Hi- interious srl
Modoola limited
Fonesalesman LLC
Desktronic
Nitz engineering
retro sys inc., company




The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Smart desks
Smart tables
Smart chairs
Others
By application:
Residential
Commercial
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Smart furniture market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors