The North America Smart Furniture Market would witness market growth of 11.1% CAGR during the forecast period (2021-2027).
Smart furniture is made up of cutting-edge technology that allows customers to live comfortably. In addition, smart furniture allows users to listen to music and check the news on the internet. Furthermore, by connecting their handsets via Bluetooth, the user can make and receive calls from their furniture. This technology is also employed in domestic heating and cooling systems. This device also monitors individual biometrics such as movement and heartbeat, as well as gives advice on how to improve sleep. Smart furniture is preferable to traditional furniture since it allows for wireless charging of smart gadgets. Networked computers, sensors, and numerous I/O devices are all included in smart furniture
Additionally, businesses are progressively using smart furniture for their workers in an effort to improve their well-being and productivity. Employee behaviors like sitting or standing time and calories burned can be tracked with smart furniture. As a result, smart furniture is likely to become more popular in corporate workplaces in the next years as a result of these benefits.
The regional market is witnessing increased population awareness and rising commercial and residential space pricing. In addition, retail trade sales of furniture retailers in Canada climbed from USD 9.47 million in 2011 to USD 11.56 million in 2018, according to Statistics Canada, Canada's national statistical office.
Moreover, individuals are increasingly emphasizing aesthetics and urbane lives as a result of increased urbanization, resulting in increased use of high-end furniture products. All major nations in the region witnessing an increase in their urban population, which stimulates demand for premium products like luxury furniture. North America was the world's most urbanized continent in 2020, with the majority of the population living in cities. Because of its great aesthetic value and durability, luxury furniture composed of wood and metal is gaining favor among buyers. In developed economies, the rise of eco-friendly and multifunctional luxury furniture would help the market to flourish.
The US market dominated the North America Smart Furniture Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $73,467.8 Thousands by 2027. The Canada market is estimated to grow at a CAGR of 13.6% during (2021 - 2027). Additionally, The Mexico market would display a CAGR of 12.6% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Smart Furniture Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Smart Furniture Market, by Application
1.4.2 North America Smart Furniture Market, by Product
1.4.3 North America 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. North America Smart Furniture Market by Application
4.1 North America Commercial Market by Country
4.2 North America Residential Market by Country
Chapter 5. North America Smart Furniture Market by Product
5.1 North America Smart Desks Market by Country
5.2 North America Smart Tables Market by Country
5.3 North America Smart Chairs Market by Country
5.4 North America Others Market by Country
Chapter 6. North America Smart Furniture Market by Country
6.1 US Smart Furniture Market
6.1.1 US Smart Furniture Market by Application
6.1.2 US Smart Furniture Market by Product
6.2 Canada Smart Furniture Market
6.2.1 Canada Smart Furniture Market by Application
6.2.2 Canada Smart Furniture Market by Product
6.3 Mexico Smart Furniture Market
6.3.1 Mexico Smart Furniture Market by Application
6.3.2 Mexico Smart Furniture Market by Product
6.4 Rest of North America Smart Furniture Market
6.4.1 Rest of North America Smart Furniture Market by Application
6.4.2 Rest of North America 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 North America Smart Furniture Market, 2017 - 2020, USD Thousands
TABLE 2 North America Smart Furniture Market, 2021 - 2027, USD Thousands
TABLE 3 North America Smart Furniture Market by Application, 2017 - 2020, USD Thousands
TABLE 4 North America Smart Furniture Market by Application, 2021 - 2027, USD Thousands
TABLE 5 North America Commercial Market by Country, 2017 - 2020, USD Thousands
TABLE 6 North America Commercial Market by Country, 2021 - 2027, USD Thousands
TABLE 7 North America Residential Market by Country, 2017 - 2020, USD Thousands
TABLE 8 North America Residential Market by Country, 2021 - 2027, USD Thousands
TABLE 9 North America Smart Furniture Market by Product, 2017 - 2020, USD Thousands
TABLE 10 North America Smart Furniture Market by Product, 2021 - 2027, USD Thousands
TABLE 11 North America Smart Desks Market by Country, 2017 - 2020, USD Thousands
TABLE 12 North America Smart Desks Market by Country, 2021 - 2027, USD Thousands
TABLE 13 North America Smart Tables Market by Country, 2017 - 2020, USD Thousands
TABLE 14 North America Smart Tables Market by Country, 2021 - 2027, USD Thousands
TABLE 15 North America Smart Chairs Market by Country, 2017 - 2020, USD Thousands
TABLE 16 North America Smart Chairs Market by Country, 2021 - 2027, USD Thousands
TABLE 17 North America Others Market by Country, 2017 - 2020, USD Thousands
TABLE 18 North America Others Market by Country, 2021 - 2027, USD Thousands
TABLE 19 North America Smart Furniture Market by Country, 2017 - 2020, USD Thousands
TABLE 20 North America Smart Furniture Market by Country, 2021 - 2027, USD Thousands
TABLE 21 US Smart Furniture Market, 2017 - 2020, USD Thousands
TABLE 22 US Smart Furniture Market, 2021 - 2027, USD Thousands
TABLE 23 US Smart Furniture Market by Application, 2017 - 2020, USD Thousands
TABLE 24 US Smart Furniture Market by Application, 2021 - 2027, USD Thousands
TABLE 25 US Smart Furniture Market by Product, 2017 - 2020, USD Thousands
TABLE 26 US Smart Furniture Market by Product, 2021 - 2027, USD Thousands
TABLE 27 Canada Smart Furniture Market, 2017 - 2020, USD Thousands
TABLE 28 Canada Smart Furniture Market, 2021 - 2027, USD Thousands
TABLE 29 Canada Smart Furniture Market by Application, 2017 - 2020, USD Thousands
TABLE 30 Canada Smart Furniture Market by Application, 2021 - 2027, USD Thousands
TABLE 31 Canada Smart Furniture Market by Product, 2017 - 2020, USD Thousands
TABLE 32 Canada Smart Furniture Market by Product, 2021 - 2027, USD Thousands
TABLE 33 Mexico Smart Furniture Market, 2017 - 2020, USD Thousands
TABLE 34 Mexico Smart Furniture Market, 2021 - 2027, USD Thousands
TABLE 35 Mexico Smart Furniture Market by Application, 2017 - 2020, USD Thousands
TABLE 36 Mexico Smart Furniture Market by Application, 2021 - 2027, USD Thousands
TABLE 37 Mexico Smart Furniture Market by Product, 2017 - 2020, USD Thousands
TABLE 38 Mexico Smart Furniture Market by Product, 2021 - 2027, USD Thousands
TABLE 39 Rest of North America Smart Furniture Market, 2017 - 2020, USD Thousands
TABLE 40 Rest of North America Smart Furniture Market, 2021 - 2027, USD Thousands
TABLE 41 Rest of North America Smart Furniture Market by Application, 2017 - 2020, USD Thousands
TABLE 42 Rest of North America Smart Furniture Market by Application, 2021 - 2027, USD Thousands
TABLE 43 Rest of North America Smart Furniture Market by Product, 2017 - 2020, USD Thousands
TABLE 44 Rest of North America Smart Furniture Market by Product, 2021 - 2027, USD Thousands
TABLE 45 Key Information – Sleep Number Corporation
TABLE 46 Key information – Inter IKEA Systems B.V.
TABLE 47 Key information – Eight Sleep
TABLE 48 Key Information – Hi-Interiors Srl
TABLE 49 Key information – Fonesalesman Ltd.
TABLE 50 Key information – Nitz engineering Srl
TABLE 51 Key information – Desktronic
TABLE 52 Key information – Modoola Limited
TABLE 53 Key information – Sobro
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Sleep Number Corporation