Industry: ICT & Media | Publish Date: 03-Dec-2024 | No of Pages: 101 | No. of Tables: 71 | No. of Figures: 36 | Format: PDF | Report Code : IC1151
The China Smart Furniture Market size was valued at USD 291.9 million in 2023, and is expected to reach USD 419.0 million by 2030, with a CAGR of 5.3% 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.
These furniture pieces are equipped to interact with users and adapt to various needs, often through remote control, smartphone apps, or voice-activated virtual assistants. Smart 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.
The increasing disposable income per capita is a significant driver behind the growth of the smart furniture industry. 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 smart furniture market growth in China.
The surge in environmental consciousness has propelled the China smart furniture market trends toward a dual commitment to energy efficiency and sustainability. Manufacturers are incorporating energy-efficient features including LED lighting systems and smart sensors that optimize power consumption based on occupancy, aligning with the global push for reduced energy use. Simultaneously, there is a significant emphasis on the materials used in production, with a growing preference for sustainable options such as recycled or responsibly sourced materials.
The high cost of integrating advanced technology and smart features into furniture represents a significant barrier to entry for many potential buyers, particularly those who are budget-conscious. This cost constraint acts as a limiting factor, hindering the China smart furniture market expansion and accessibility, especially for affordability-driven segments of the population.
By integrating seamlessly with existing smart home systems, smart furniture becomes user-friendly and versatile for everyone, regardless of technical expertise. This smooth collaboration not only streamlines the user experience and increases the attractiveness of smart homes, but also contributes to energy efficiency, tapping into the growing demand for eco-friendly living. With more user-friendly, stylish, and environmentally conscious options emerging, the China smart furniture market is poised to flourish, adapting to the ever-changing needs of homeowners.
Several market players operating in the China 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.
Smart Tables and Desks
Smart Stools and Benches
Smart Chairs
Smart Beds
Residential
Commercial
Online
Offline
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
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2023 |
USD 291.9 Million |
Revenue Forecast in 2030 |
USD 419.0 Million |
Growth Rate |
CAGR of 5.3% 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 fuels the market growth. Increasing Use of Energy Efficient and Sustainable Smart Furniture drives the market growth. |
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. |