Industry: ICT & Media | Publish Date: 30-Nov-2024 | No of Pages: 117 | No. of Tables: 81 | No. of Figures: 46 | Format: PDF | Report Code : IC1134
The North America Smart Furniture Market size was valued at USD 1404 million in 2023 and is expected to reach USD 1789.7 million by 2030, with a CAGR of 3.5% 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.
These pieces of furniture are equipped with the ability 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 ever-increasing penetration of the Internet of Things (IoT) devices into residential spaces is playing a pivotal role in propelling the growth of the smart furniture industry in North America. In an era where connectivity and convenience are paramount, consumers embrace IoT technology to enhance their daily lives.
Smart furniture, equipped with sensors and connectivity features, seamlessly integrates with these IoT devices to provide a more personalized and efficient living experience. As more homeowners recognize the benefits of this fusion of technology and design, the North America smart furniture market continues to evolve and expand, ushering in a new era of intelligent and responsive living spaces.
The growing need for furniture that saves space and serves multiple functions is a key factor driving the popularity of smart furniture. 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.
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 North America smart furniture market expansion, particularly in the segments of the population that prioritize affordability.
The rapid advancements in home automation technology are expected to create ample opportunities for the smart furniture industry in the future. This technological progress allows for the integration of smart furniture into the broader smart home ecosystem, making it user-friendly and versatile for consumers of various technical backgrounds.
The seamless integration of smart furniture with existing home automation systems, such as voice assistants and smart thermostats, ensures the streamlining of the user experience and enhances the appeal of smart homes. Also, ongoing collaboration between smart furniture and home automation systems contributes to energy efficiency, aligning with the increasingly important trend of eco-friendly living. With more user-friendly, stylish, and environmentally conscious options available than before, the market is well-positioned to thrive as it caters to the evolving needs of homeowners.
The ever-increasing penetration of the Internet of Things (IoT) devices into residential spaces is playing a pivotal role in propelling the North America smart furniture market growth. In an era where connectivity and convenience are paramount, consumers embrace IoT technology to enhance their daily lives. Smart furniture, equipped with sensors and connectivity features, seamlessly integrates with these IoT devices to provide a more personalized and efficient living experience.
The growing need for furniture that saves space and serves multiple functions is a key factor driving the popularity of smart furniture. 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 disposable income per capita is a significant driver behind the growth of the North America smart furniture market trends. 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 sector's growth.
The increasing prevalence of home automation is a significant driving force behind the surge in demand for smart furniture. 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.
Several market players operating in the North America 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 & Desks
Smart Stools & Benches
Smart Chairs
Smart Beds
Residential
Commercial
Online
Offline
North America
The U.S.
Canada
Mexico
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 1404.0 Million |
Revenue Forecast in 2030 |
USD 1789.7 Million |
Growth Rate |
CAGR of 3.5% from 2024 to 2030 |
Analysis Period |
2023–2030 |
Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
Market Size Estimation |
Million (USD) |
Growth Factors |
Modern solutions for efficient workspaces and favoring space-efficient furniture. Government initiatives propel smart furniture growth. |
Countries Covered |
3 |
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. |