Smart Furniture Market is Booming across the Globe Explored in Latest
The global smart furniture market size was valued at USD 143.6 million in 2020 and is expected to
expand at a compound annual growth rate (CAGR) of 12.4% from 2021 to 2028. Major factors
favoring the progress include the rise in adoption of tech-savvy workspace across the corporate
offices catering to IT, research, laboratories, clubbed with the demand for optimized and functional
work furniture among the work-from-home professionals.
The smart desks segment dominated the market for smart furniture and accounted for the largest
revenue share of 34.8% in 2020. Vigorous growth in commercial and office building construction
and remodeling activity is anticipated to buoy demand as companies furnish new office spaces.
While replacement activity historically played a minor role in supporting demand - largely the result
of product durability and lack of innovation - trends towards more open, collaboration-oriented
workspace design will drive an increase in replacements.
Key Player Mentioned:
Inter Ikea Systems B.V.
Sleep Number Corporation
Nitz Engineering GmbH
Rest Lunar a Retro Sys, Inc., company
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Product Segment Analysis:
Application Segment Analysis:
Regional Segment Analysis: North America, Europe, Asia Pacific, Latin America, and Mideast and
Access Press Release: https://www.grandviewresearch.com/press-release/global-smart-furniture-
The residential segment is anticipated to proliferate over the forecast period owing to the growing
demand for furniture in living rooms and bedrooms coupled with a rise in real estate construction