Industry: ICT & Media | Publish Date: 03-Dec-2024 | No of Pages: 101 | No. of Tables: 71 | No. of Figures: 36 | Format: PDF | Report Code : IC1161
The Saudi Arabia Smart Furniture Market size was valued at USD 28.8 million in 2023 and is expected to reach USD 42.8 billion by 2030, with a CAGR of 5.8% 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 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 market 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.
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 Saudi Arabia 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 Saudi Arabia 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, 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 28.8 Million |
Revenue Forecast in 2030 |
USD 42.8 Million |
Growth Rate |
CAGR of 5.8% 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 Over the Region Further Fuels the Market Growth Growing 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. |