Global Smart Furniture Market Size, Share, Industry Trend, Growth
Global Smart Furniture Market
Smart Furniture includes smart home technology along with network-connected household goods like dressing tables, chairs, cabinet doors, and shelves. It aims at simplifying numerous basic problems among which charging electric device is the major problem. Due to increase in focus of consumers towards connected devices will drive the market growth.
Rise in adoption of smart furniture across workplace such as corporate offices is the prominent factor which is expected to boost the global smart furniture market growth. Furthermore, increase in technological advancements and innovations will positively contribute the market growth. For instance, in June 2019, IKEA Systems had introduced robotic furniture system known as Rognan which is developed in collaboration with American Furniture Company Ori Living. It is especially designed for urban areas to maximize their small spaces, which is expected to launch first in Hang Kong and Japan in 2020. Moreover, smart furniture key manufacturers are developing smart tables which facilitate wireless charging of smartphones and mirrors displaying time, news as well as date which is expected to propel the global smart furniture market growth, over the forecast period.
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However, lack of awareness among people in underdeveloped nations is the major challenging factor which is expected to hinder the global smart furniture market growth. Also, higher investment cost and relatively new concepts of smart furniture will affect the market growth during this analysis period.
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Smart Furniture includes smart home technology along with network-connected household goods like dressing tables, chairs, cabinet doors, and shelves.