Smart Furniture Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Increasing Adoption Of Smart Products to Boost the Market Growth | Technavio

Technavio has been monitoring the smart furniture market and it is poised to grow by $ 244.21 mn during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

• What are the major trends in the market?
  Rise in online retailing is a major trend driving the growth of the market.
• At what rate is the market projected to grow?
  The year-over-year growth for 2020 is estimated at 7.04% and the incremental growth of the market is anticipated to be $ 244.21 million.
• Who are the top players in the market?
  CARLO RATTI ASSOCIATI Srl, Desktronic LLC, Fonesalesman Ltd., Herman Miller Inc., Inter IKEA Systems BV, Milano Smart Living, Modoola Ltd., Ori Inc., Steelcase Inc., and StoreBound LLC, are some of the major market participants.
• What is the key market driver?
  The increasing adoption of smart products is one of the major factors driving the market.
• How big is the North America market?
  The APAC region will contribute 34% of the market share

The market is concentrated, and the degree of concentration will decelerate during the forecast period. CARLO RATTI ASSOCIATI Srl, Desktronic LLC, Fonesalesman Ltd., Herman Miller Inc., Inter IKEA Systems BV, Milano Smart Living, Modoola Ltd., Ori Inc., Steelcase Inc., and StoreBound LLC are some of the major market participants. The increasing adoption of smart products will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Smart Furniture Market 2020-2024: Segmentation

Smart Furniture Market is segmented as below:

• Distribution Channel
  • Offline
  • Online
• Geographic Landscape
  • APAC
  • Europe
  • MEA
  • North America
  • South America

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Smart Furniture Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The smart furniture market report covers the following areas:

• Smart Furniture Market Size
• Smart Furniture Market Trends
• Smart Furniture Market Industry Analysis

This study identifies the rise in online retailing as one of the prime reasons driving the smart furniture market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Smart Furniture Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist smart furniture market growth during the next five years
• Estimation of the smart furniture market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the smart furniture market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of smart furniture market vendors

Table of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Customer landscape

• Overview

Drivers, Challenges, and Trends

• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• CARLO RATTI ASSOCIATI Srl
• Desktronic LLC
• Fonesalesman Ltd.
• Herman Miller Inc.
• Inter IKEA Systems BV
• Milano Smart Living
• Modoola Ltd.
• Ori Inc.
• Steelcase Inc.
• StoreBound LLC

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations 

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