Canada Smart Furniture Market

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Canada Smart Furniture Market by Product Type (Smart Tables & Desks, Smart Stools & Benches, Smart Chairs, and Smart Beds), by End Use (Residential and Commercial), and by Distribution Channel (Online and Offline) – Opportunity Analysis and Industry Forecast, 2024–2030

Industry: ICT & Media | Publish Date: 30-Nov-2024 | No of Pages: 101 | No. of Tables: 71 | No. of Figures: 36 | Format: PDF | Report Code : IC1136

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Canada Smart Furniture Market Overview

The Canada Smart Furniture Market size was valued at USD 136.2 million in 2023, and is expected to reach USD 211.6 million by 2030, with a CAGR of 6.5% from 2024 to 2030. Smart furniture refers to modern furnishings and fixtures designed with embedded technology, sensors, and connectivity features that enhance their functionality, convenience, and usability.

Smart furniture is equipped with the ability to interact with users and adapt to various needs, often through remote control, via smartphone apps, or voice-activated virtual assistants. These pieces of furniture improves comfort, efficiency, and user experience in living, working, or recreational spaces by integrating elements such as adjustable settings, built-in charging capabilities, environmental sensors, and connectivity with other smart devices.

Rising Disposable Income in the Region Further Fuels the Market Growth

The increasing disposable income per capita is a significant driver behind the growth of the smart furniture market. As individuals have more disposable income, they are increasingly inclined to invest in smart furniture solutions that offer enhanced comfort, convenience, and efficiency in their homes. The expanding affordability and purchasing power fueled by rising incomes are consequently propelling the demand for smart furniture, boosting the market growth.

 

Increasing Demand for Home Automation is Propelling the Canada Smart Furniture Market Growth

The increasing prevalence of home automation is a significant driving force behind the surge in Canada smart furniture market demand. As technology advances, consumers seek seamless integration between their furniture and home automation systems. This trend enables users to control and monitor various aspects of their living spaces remotely, fostering a more interconnected and technologically advanced home environment.

 

The Impact of Compatibility Issues on Smart Furniture Adoption Restrains the Market Growth

Integration challenges with existing smart home ecosystems may hinder the adoption of the Canada smart furniture market expansion. The inability to seamlessly connect with other smart devices and systems can limit the overall functionality and appeal of smart furniture for consumers.

Integration of Wireless Charging Capabilities in Smart Furniture Create Market Opportunities

Wireless charging in smart furniture involves the incorporation of induction coils and compatible charging technology within the structure of the furniture itself. The primary aim is to provide users with a seamless and cable-free charging experience for their electronic devices, such as smartphones, tablets, or other gadgets that support wireless charging.

Also, Furniture pieces including tables, desks, nightstands, and even seating arrangements can be designed with integrated wireless charging pads. These pads utilize electromagnetic fields to transfer power from the furniture to the battery of the device placed on the charging surface.

 

Competitive Landscape

Several market players operating in the Canada smart furniture industry include Inter IKEA Systems BV, Herman Miller, Inc., Steelcase, Inc., Sobro, StoreBound LLC, Seebo Interactive Ltd., Milano Smart Living, Modoola Limited, Hi-Interiors SRL, and Sleep Number Corporation.

Canada Smart Furniture Market Key Segments

By Product Type    

  • Smart Tables and Desks

  • Smart Stools and Benches

  • Smart Chairs

  • Smart Beds 

By End Use    

  • Residential

  • Commercial 

By Distribution Channel

  • Online

  • Offline

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 136.2 Million

Revenue Forecast in 2030

USD 211.6 Million

Growth Rate

CAGR of 6.5% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

Rising Disposable Income in the Region Further Fuels the Market Growth

Increasing Demand for Home Automation is Propelling the Smart Furniture Market

Companies Profiled

10

Market Share

Available for 10 companies

Customization Scope

Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

KEY PLAYERS

  • Inter IKEA Systems BV

  • Herman Miller, Inc.

  • Steelcase, Inc.

  • Sobro

  • StoreBound LLC

  • Seebo Interactive Ltd.

  • Milano Smart Living

  • Modoola Limited

  • Hi-Interiors SRL

  • Sleep Number Corporation

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Frequently Asked Questions

The key market players operating in the Canada smart furniture market are Inter IKEA Systems BV, Herman Miller, Inc., Steelcase, Inc., Sobro, StoreBound LLC, Seebo Interactive Ltd., Milano Smart Living, Modoola Limited, Hi-Interiors SRL, and Sleep Number Corporation.

According to the Next Move Strategy Consulting, the size of the Canada smart furniture market is estimated to be at USD 211.6 million in 2030.

Canada Smart furniture is advancing into the future with seamless integration into the Internet of Things (IoT), providing heightened personalization, sustainability, and improved functionality for a connected and eco-friendly lifestyle.

One of the key challenges in the Canada smart furniture industry is high costs and affordability issues.

According to the Next Move Strategy Consulting, the size of the Canada smart furniture market is estimated at USD 136.2 million in 2023.

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