Industry: ICT & Media | Publish Date: 03-Dec-2024 | No of Pages: 101 | No. of Tables: 71 | No. of Figures: 36 | Format: PDF | Report Code : IC1159
The Israel Smart Furniture Market size was valued at USD 19.3 million in 2023 and is expected to reach USD 31.2 million by 2030, with a CAGR of 7.1% from 2024 to 2030. Smart furniture refers to modern furnishings and fixtures designed with embedded technology, sensors, and connectivity features that enhance 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 growing need for furniture that saves space and serves multiple functions is a key factor driving the popularity of the smart furniture market. In today's busy urban areas, where living spaces are often limited in size, people are looking for smart solutions that make the most of their available space.
This trend reflects the changing lifestyle of city dwellers who prefer compact and versatile furniture. Smart furniture is designed to meet this demand, offering features such as hidden storage, foldable designs, and the ability to adapt to different uses. This furniture is essential for making the most out of small living spaces.
The increasing prevalence of home automation is a significant driving force behind the surge in the Israel 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.
Integrating advanced technology and smart features into smart furniture tends to be more expensive. This cost can be a real obstacle for many potential buyers, especially those mindful of their budgets. It acts as a barrier that prevents the Israel smart furniture market expansion, particularly in the segments of the population that prioritize affordability.
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.
Several market players operating in the Israel 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 19.3 Million |
Revenue Forecast in 2030 |
USD 31.2 Million |
Growth Rate |
CAGR of 7.1% from 2024 to 2030 |
Analysis Period |
2023–2030 |
Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
Market Size Estimation |
Million (USD) |
Growth Factors |
Rising Demand for Space Saving and Multi-Functional Furniture Propels 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. |