The Latin America, Middle East and Africa Smart Furniture Market would witness market growth of 14.6% CAGR during the forecast period (2021-2027).
Continual technological advancements have led to the incorporation of several features including wireless smartphone charging, induction beverage warmers, and Bluetooth speakers, among others, into a single piece of furniture, a factor that is expected to further boost the growth of the smart furniture market. On the other hand, people's apprehension about adopting new technology continues to be a stumbling block to the expansion of the smart furniture business. Because smart furniture is still a relatively new concept, its effective adoption may be delayed significantly. Furthermore, the price of smart furniture is higher than regular furniture due to its complicated design, restricting market growth even more.
The demand for home and office furniture in Africa is rising in tandem with the continent's growing population. In addition, people require a bed to sleep on, wardrobes to store their belongings, chairs, a dining table, sofas, kitchen cabinets, and other types of furniture when they move into a new home. Offices, like households, prefer to purchase a lot of smart furniture. Africa has a large population that is expected to continue to increase and grow rapidly. By 2050, the world is anticipated to have 2.4 billion additional people, with 1.3 billion of them born in Africa. Africa is predicted to account for the majority of the global population increase, making it one of the most appealing marketplaces in the world. The rapid growth of Africa's urban population and their buying power, as well as the expanding economy, are the key reasons why the smart furniture industry is expected to flourish in this region.
The Brazil market dominated the LAMEA Smart Furniture Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $5,329.6 Thousands by 2027. The Argentina market is poised to grow at a CAGR of 15.2% during (2021 - 2027). Additionally, The UAE market would showcase a CAGR of 14.3% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Smart Furniture Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Smart Furniture Market, by Application
1.4.2 LAMEA Smart Furniture Market, by Product
1.4.3 LAMEA 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. LAMEA Smart Furniture Market by Application
4.1 LAMEA Commercial Market by Country
4.2 LAMEA Residential Market by Country
Chapter 5. LAMEA Smart Furniture Market by Product
5.1 LAMEA Smart Desks Market by Country
5.2 LAMEA Smart Tables Market by Country
5.3 LAMEA Smart Chairs Market by Country
5.4 LAMEA Others Market by Country
Chapter 6. LAMEA Smart Furniture Market by Country
6.1 Brazil Smart Furniture Market
6.1.1 Brazil Smart Furniture Market by Application
6.1.2 Brazil Smart Furniture Market by Product
6.2 Argentina Smart Furniture Market
6.2.1 Argentina Smart Furniture Market by Application
6.2.2 Argentina Smart Furniture Market by Product
6.3 UAE Smart Furniture Market
6.3.1 UAE Smart Furniture Market by Application
6.3.2 UAE Smart Furniture Market by Product
6.4 Saudi Arabia Smart Furniture Market
6.4.1 Saudi Arabia Smart Furniture Market by Application
6.4.2 Saudi Arabia Smart Furniture Market by Product
6.5 South Africa Smart Furniture Market
6.5.1 South Africa Smart Furniture Market by Application
6.5.2 South Africa Smart Furniture Market by Product
6.6 Nigeria Smart Furniture Market
6.6.1 Nigeria Smart Furniture Market by Application
6.6.2 Nigeria Smart Furniture Market by Product
6.7 Rest of LAMEA Smart Furniture Market
6.7.1 Rest of LAMEA Smart Furniture Market by Application
6.7.2 Rest of LAMEA 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 LAMEA Smart Furniture Market, 2017 - 2020, USD Thousands
TABLE 2 LAMEA Smart Furniture Market, 2021 - 2027, USD Thousands
TABLE 3 LAMEA Smart Furniture Market by Application, 2017 - 2020, USD Thousands
TABLE 4 LAMEA Smart Furniture Market by Application, 2021 - 2027, USD Thousands
TABLE 5 LAMEA Commercial Market by Country, 2017 - 2020, USD Thousands
TABLE 6 LAMEA Commercial Market by Country, 2021 - 2027, USD Thousands
TABLE 7 LAMEA Residential Market by Country, 2017 - 2020, USD Thousands
TABLE 8 LAMEA Residential Market by Country, 2021 - 2027, USD Thousands
TABLE 9 LAMEA Smart Furniture Market by Product, 2017 - 2020, USD Thousands
TABLE 10 LAMEA Smart Furniture Market by Product, 2021 - 2027, USD Thousands
TABLE 11 LAMEA Smart Desks Market by Country, 2017 - 2020, USD Thousands
TABLE 12 LAMEA Smart Desks Market by Country, 2021 - 2027, USD Thousands
TABLE 13 LAMEA Smart Tables Market by Country, 2017 - 2020, USD Thousands
TABLE 14 LAMEA Smart Tables Market by Country, 2021 - 2027, USD Thousands
TABLE 15 LAMEA Smart Chairs Market by Country, 2017 - 2020, USD Thousands
TABLE 16 LAMEA Smart Chairs Market by Country, 2021 - 2027, USD Thousands
TABLE 17 LAMEA Others Market by Country, 2017 - 2020, USD Thousands
TABLE 18 LAMEA Others Market by Country, 2021 - 2027, USD Thousands
TABLE 19 LAMEA Smart Furniture Market by Country, 2017 - 2020, USD Thousands
TABLE 20 LAMEA Smart Furniture Market by Country, 2021 - 2027, USD Thousands
TABLE 21 Brazil Smart Furniture Market, 2017 - 2020, USD Thousands
TABLE 22 Brazil Smart Furniture Market, 2021 - 2027, USD Thousands
TABLE 23 Brazil Smart Furniture Market by Application, 2017 - 2020, USD Thousands
TABLE 24 Brazil Smart Furniture Market by Application, 2021 - 2027, USD Thousands
TABLE 25 Brazil Smart Furniture Market by Product, 2017 - 2020, USD Thousands
TABLE 26 Brazil Smart Furniture Market by Product, 2021 - 2027, USD Thousands
TABLE 27 Argentina Smart Furniture Market, 2017 - 2020, USD Thousands
TABLE 28 Argentina Smart Furniture Market, 2021 - 2027, USD Thousands
TABLE 29 Argentina Smart Furniture Market by Application, 2017 - 2020, USD Thousands
TABLE 30 Argentina Smart Furniture Market by Application, 2021 - 2027, USD Thousands
TABLE 31 Argentina Smart Furniture Market by Product, 2017 - 2020, USD Thousands
TABLE 32 Argentina Smart Furniture Market by Product, 2021 - 2027, USD Thousands
TABLE 33 UAE Smart Furniture Market, 2017 - 2020, USD Thousands
TABLE 34 UAE Smart Furniture Market, 2021 - 2027, USD Thousands
TABLE 35 UAE Smart Furniture Market by Application, 2017 - 2020, USD Thousands
TABLE 36 UAE Smart Furniture Market by Application, 2021 - 2027, USD Thousands
TABLE 37 UAE Smart Furniture Market by Product, 2017 - 2020, USD Thousands
TABLE 38 UAE Smart Furniture Market by Product, 2021 - 2027, USD Thousands
TABLE 39 Saudi Arabia Smart Furniture Market, 2017 - 2020, USD Thousands
TABLE 40 Saudi Arabia Smart Furniture Market, 2021 - 2027, USD Thousands
TABLE 41 Saudi Arabia Smart Furniture Market by Application, 2017 - 2020, USD Thousands
TABLE 42 Saudi Arabia Smart Furniture Market by Application, 2021 - 2027, USD Thousands
TABLE 43 Saudi Arabia Smart Furniture Market by Product, 2017 - 2020, USD Thousands
TABLE 44 Saudi Arabia Smart Furniture Market by Product, 2021 - 2027, USD Thousands
TABLE 45 South Africa Smart Furniture Market, 2017 - 2020, USD Thousands
TABLE 46 South Africa Smart Furniture Market, 2021 - 2027, USD Thousands
TABLE 47 South Africa Smart Furniture Market by Application, 2017 - 2020, USD Thousands
TABLE 48 South Africa Smart Furniture Market by Application, 2021 - 2027, USD Thousands
TABLE 49 South Africa Smart Furniture Market by Product, 2017 - 2020, USD Thousands
TABLE 50 South Africa Smart Furniture Market by Product, 2021 - 2027, USD Thousands
TABLE 51 Nigeria Smart Furniture Market, 2017 - 2020, USD Thousands
TABLE 52 Nigeria Smart Furniture Market, 2021 - 2027, USD Thousands
TABLE 53 Nigeria Smart Furniture Market by Application, 2017 - 2020, USD Thousands
TABLE 54 Nigeria Smart Furniture Market by Application, 2021 - 2027, USD Thousands
TABLE 55 Nigeria Smart Furniture Market by Product, 2017 - 2020, USD Thousands
TABLE 56 Nigeria Smart Furniture Market by Product, 2021 - 2027, USD Thousands
TABLE 57 Rest of LAMEA Smart Furniture Market, 2017 - 2020, USD Thousands
TABLE 58 Rest of LAMEA Smart Furniture Market, 2021 - 2027, USD Thousands
TABLE 59 Rest of LAMEA Smart Furniture Market by Application, 2017 - 2020, USD Thousands
TABLE 60 Rest of LAMEA Smart Furniture Market by Application, 2021 - 2027, USD Thousands
TABLE 61 Rest of LAMEA Smart Furniture Market by Product, 2017 - 2020, USD Thousands
TABLE 62 Rest of LAMEA 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