Smart Furniture Market Key Players, Trends, Growth
Opportunities and Industry Forecast till 2025
“Factors responsible for sustained growth of smart
furniture market include rising per capita income,
growing awareness level regarding online retail platforms
and declining cost of raw materials.”
The global smart furniture market is expected to display higher growth rate over the next five years. Rapid surge
in the market is credited to the robust market growth in residential housing sector. Rise in the number of online
distribution channels and higher penetration of smart electronic equipment are expected to drive the growth
of the market over the forecast period. Increasing demand for smart furniture via various online platforms,
particularly in Asia Pacific region is credited to the massive boom in residential housing sector and ever-growing
population demands.
Factors responsible for sustained growth of smart furniture market include rising per capita income, growing
awareness level regarding online retail platforms and declining cost of raw materials. Globally, market is
predicted to generate massive revenue over the next five years, providing numerous opportunities for industry
participants to invest in research and development of smart furniture market.
Increasing adoption of smart furniture from commercial sector to enhance workplace comfort for employees,
thus improving organizational productivity, is expected to fuel industry growth over the coming years. In
addition, integration of smart furniture in workplace creates pleasant environment for employees and keeps
them energetic during busy work schedules. Smart furniture is considered as a key aspect for home automation,
thereby generating several growth opportunities for industry players.
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