The Asia Pacific Smart Furniture Market would witness market growth of 12.2% CAGR during the forecast period (2021-2027).
The smart furniture market is expected to grow rapidly over the forecast period, owing to rising spending on home automation solutions. Smart furniture, sometimes known as the "future of furniture," is seen as a key component of home automation, opening up a slew of new commercial potential. Despite being in its initial stage, the industry has shown bright prospects of widespread adoption in the next years. Moreover, smart furniture has a number of features, including the ability to charge smart devices wirelessly, listen to the radio, search for news or recipes, browse the internet, and make phone calls, among others. Smart furniture is considerably superior to traditional furniture because of this.
Due to growing advancements in the residential real estate industry in Asian countries such as India and China, the global players are focusing on entering the APAC region to capitalize on the high potential that exists in the regional market. In addition, Furniture is truly an asset that upgrades the space on a regular basis, and smart furniture provides joyful vibes with a standardized office setting. Due to this, many commercial and residential buildings in the regional market are incorporating smart furniture to drive up the efficiency of the employees.
In this region, a lot of business owners are working on this nowadays to make their offices more appealing. Smart furniture charms visitors and business associates. Aside from that, smart furniture with comfort features increases staff productivity, resulting in increased business growth. Moreover, the smart furniture enhances the view while also improving the employees' comfort.
The China market dominated the Asia Pacific Smart Furniture Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $25,432.9 Thousands by 2027. The Japan market is exhibiting a CAGR of 11.6% during (2021 - 2027). Additionally, The India market would showcase a CAGR of 13% during (2021 - 2027).
Based on Application, the market is segmented into Commercial and Residential. Based on Product, the market is segmented into Smart Desks, Smart Tables, Smart Chairs and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Smart Furniture Market is Projected to reach USD 290.8 Million by 2027, at a CAGR of 11.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sleep Number Corporation, Inter IKEA Systems B.V., Eight Sleep, Hi-Interiors Srl, Fonesalesman Ltd., Nitz engineering Srl, Desktronic, Modoola Limited, and Sobro (StoreBound LLC).
Scope of the Study
Market Segments Covered in the Report:
By Application
By Product
- Smart Desks
- Smart Tables
- Smart Chairs
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Sleep Number Corporation
- Inter IKEA Systems B.V.
- Eight Sleep
- Hi-Interiors Srl
- Fonesalesman Ltd.
- Nitz engineering Srl
- Desktronic
- Modoola Limited
- Sobro (StoreBound LLC)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Smart Furniture Market, by Application
1.4.2 Asia Pacific Smart Furniture Market, by Product
1.4.3 Asia Pacific Smart Furniture Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Smart furniture Market
Chapter 4. Asia Pacific Smart Furniture Market by Application
4.1 Asia Pacific Commercial Market by Country
4.2 Asia Pacific Residential Market by Country
Chapter 5. Asia Pacific Smart Furniture Market by Product
5.1 Asia Pacific Smart Desks Market by Country
5.2 Asia Pacific Smart Tables Market by Country
5.3 Asia Pacific Smart Chairs Market by Country
5.4 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Smart Furniture Market by Country
6.1 China Smart Furniture Market
6.1.1 China Smart Furniture Market by Application
6.1.2 China Smart Furniture Market by Product
6.2 Japan Smart Furniture Market
6.2.1 Japan Smart Furniture Market by Application
6.2.2 Japan Smart Furniture Market by Product
6.3 India Smart Furniture Market
6.3.1 India Smart Furniture Market by Application
6.3.2 India Smart Furniture Market by Product
6.4 South Korea Smart Furniture Market
6.4.1 South Korea Smart Furniture Market by Application
6.4.2 South Korea Smart Furniture Market by Product
6.5 Singapore Smart Furniture Market
6.5.1 Singapore Smart Furniture Market by Application
6.5.2 Singapore Smart Furniture Market by Product
6.6 Malaysia Smart Furniture Market
6.6.1 Malaysia Smart Furniture Market by Application
6.6.2 Malaysia Smart Furniture Market by Product
6.7 Rest of Asia Pacific Smart Furniture Market
6.7.1 Rest of Asia Pacific Smart Furniture Market by Application
6.7.2 Rest of Asia Pacific Smart Furniture Market by Product
Chapter 7. Company Profiles
7.1 Sleep Number Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Recent strategies and developments:
7.1.4.1 Partnerships, Collaborations, and Agreements:
7.1.4.2 Product Launches and Product Expansions:
7.2 Inter IKEA Systems B.V.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Recent strategies and developments:
7.2.4.1 Acquisition and Mergers:
7.3 Eight Sleep
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
7.3.2.1 Product Launches and Product Expansions:
7.4 Hi-Interiors Srl
7.4.1 Company Overview
7.4.2 Recent strategies and developments:
7.4.2.1 Product Launches and Product Expansions:
7.5 Fonesalesman Ltd.
7.5.1 Company Overview
7.6 Nitz engineering Srl
7.6.1 Company Overview
7.7 Desktronic
7.7.1 Company Overview
7.8 Modoola Limited
7.8.1 Company Overview
7.9 Sobro (StoreBound LLC)
7.9.1 Company Overview
TABLE 1 Asia Pacific Smart Furniture Market, 2017 - 2020, USD Thousands
TABLE 2 Asia Pacific Smart Furniture Market, 2021 - 2027, USD Thousands
TABLE 3 Asia Pacific Smart Furniture Market by Application, 2017 - 2020, USD Thousands
TABLE 4 Asia Pacific Smart Furniture Market by Application, 2021 - 2027, USD Thousands
TABLE 5 Asia Pacific Commercial Market by Country, 2017 - 2020, USD Thousands
TABLE 6 Asia Pacific Commercial Market by Country, 2021 - 2027, USD Thousands
TABLE 7 Asia Pacific Residential Market by Country, 2017 - 2020, USD Thousands
TABLE 8 Asia Pacific Residential Market by Country, 2021 - 2027, USD Thousands
TABLE 9 Asia Pacific Smart Furniture Market by Product, 2017 - 2020, USD Thousands
TABLE 10 Asia Pacific Smart Furniture Market by Product, 2021 - 2027, USD Thousands
TABLE 11 Asia Pacific Smart Desks Market by Country, 2017 - 2020, USD Thousands
TABLE 12 Asia Pacific Smart Desks Market by Country, 2021 - 2027, USD Thousands
TABLE 13 Asia Pacific Smart Tables Market by Country, 2017 - 2020, USD Thousands
TABLE 14 Asia Pacific Smart Tables Market by Country, 2021 - 2027, USD Thousands
TABLE 15 Asia Pacific Smart Chairs Market by Country, 2017 - 2020, USD Thousands
TABLE 16 Asia Pacific Smart Chairs Market by Country, 2021 - 2027, USD Thousands
TABLE 17 Asia Pacific Others Market by Country, 2017 - 2020, USD Thousands
TABLE 18 Asia Pacific Others Market by Country, 2021 - 2027, USD Thousands
TABLE 19 Asia Pacific Smart Furniture Market by Country, 2017 - 2020, USD Thousands
TABLE 20 Asia Pacific Smart Furniture Market by Country, 2021 - 2027, USD Thousands
TABLE 21 China Smart Furniture Market, 2017 - 2020, USD Thousands
TABLE 22 China Smart Furniture Market, 2021 - 2027, USD Thousands
TABLE 23 China Smart Furniture Market by Application, 2017 - 2020, USD Thousands
TABLE 24 China Smart Furniture Market by Application, 2021 - 2027, USD Thousands
TABLE 25 China Smart Furniture Market by Product, 2017 - 2020, USD Thousands
TABLE 26 China Smart Furniture Market by Product, 2021 - 2027, USD Thousands
TABLE 27 Japan Smart Furniture Market, 2017 - 2020, USD Thousands
TABLE 28 Japan Smart Furniture Market, 2021 - 2027, USD Thousands
TABLE 29 Japan Smart Furniture Market by Application, 2017 - 2020, USD Thousands
TABLE 30 Japan Smart Furniture Market by Application, 2021 - 2027, USD Thousands
TABLE 31 Japan Smart Furniture Market by Product, 2017 - 2020, USD Thousands
TABLE 32 Japan Smart Furniture Market by Product, 2021 - 2027, USD Thousands
TABLE 33 India Smart Furniture Market, 2017 - 2020, USD Thousands
TABLE 34 India Smart Furniture Market, 2021 - 2027, USD Thousands
TABLE 35 India Smart Furniture Market by Application, 2017 - 2020, USD Thousands
TABLE 36 India Smart Furniture Market by Application, 2021 - 2027, USD Thousands
TABLE 37 India Smart Furniture Market by Product, 2017 - 2020, USD Thousands
TABLE 38 India Smart Furniture Market by Product, 2021 - 2027, USD Thousands
TABLE 39 South Korea Smart Furniture Market, 2017 - 2020, USD Thousands
TABLE 40 South Korea Smart Furniture Market, 2021 - 2027, USD Thousands
TABLE 41 South Korea Smart Furniture Market by Application, 2017 - 2020, USD Thousands
TABLE 42 South Korea Smart Furniture Market by Application, 2021 - 2027, USD Thousands
TABLE 43 South Korea Smart Furniture Market by Product, 2017 - 2020, USD Thousands
TABLE 44 South Korea Smart Furniture Market by Product, 2021 - 2027, USD Thousands
TABLE 45 Singapore Smart Furniture Market, 2017 - 2020, USD Thousands
TABLE 46 Singapore Smart Furniture Market, 2021 - 2027, USD Thousands
TABLE 47 Singapore Smart Furniture Market by Application, 2017 - 2020, USD Thousands
TABLE 48 Singapore Smart Furniture Market by Application, 2021 - 2027, USD Thousands
TABLE 49 Singapore Smart Furniture Market by Product, 2017 - 2020, USD Thousands
TABLE 50 Singapore Smart Furniture Market by Product, 2021 - 2027, USD Thousands
TABLE 51 Malaysia Smart Furniture Market, 2017 - 2020, USD Thousands
TABLE 52 Malaysia Smart Furniture Market, 2021 - 2027, USD Thousands
TABLE 53 Malaysia Smart Furniture Market by Application, 2017 - 2020, USD Thousands
TABLE 54 Malaysia Smart Furniture Market by Application, 2021 - 2027, USD Thousands
TABLE 55 Malaysia Smart Furniture Market by Product, 2017 - 2020, USD Thousands
TABLE 56 Malaysia Smart Furniture Market by Product, 2021 - 2027, USD Thousands
TABLE 57 Rest of Asia Pacific Smart Furniture Market, 2017 - 2020, USD Thousands
TABLE 58 Rest of Asia Pacific Smart Furniture Market, 2021 - 2027, USD Thousands
TABLE 59 Rest of Asia Pacific Smart Furniture Market by Application, 2017 - 2020, USD Thousands
TABLE 60 Rest of Asia Pacific Smart Furniture Market by Application, 2021 - 2027, USD Thousands
TABLE 61 Rest of Asia Pacific Smart Furniture Market by Product, 2017 - 2020, USD Thousands
TABLE 62 Rest of Asia Pacific Smart Furniture Market by Product, 2021 - 2027, USD Thousands
TABLE 63 Key Information – Sleep Number Corporation
TABLE 64 Key information – Inter IKEA Systems B.V.
TABLE 65 Key information – Eight Sleep
TABLE 66 Key Information – Hi-Interiors Srl
TABLE 67 Key information – Fonesalesman Ltd.
TABLE 68 Key information – Nitz engineering Srl
TABLE 69 Key information – Desktronic
TABLE 70 Key information – Modoola Limited
TABLE 71 Key information – Sobro
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Sleep Number Corporation