Smart Furniture Market Size, Share, Trends, Growth and Report 2024-2032
The latest report by IMARC Group, titled “ Smart Furniture Market Report by Product (Smart Desks, Smart Tables, Smart Chairs, and Others), Application (Residential, Commercial), and Region 2024-2032 “, The global smart furniture market size reached US$ 201.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 514.1 Million by 2032, exhibiting a growth rate (CAGR) of 10.94% during 2024-2032. Industry Trends and Drivers: Growing urbanization and demand for space-saving solutions: The increasing urbanization, particularly in densely populated cities, is one of the major factors boosting the smart furniture market share. Urban dwellers, especially in cities such as New York, Tokyo, and Mumbai, are constantly looking for space-efficient solutions that can help them maximize functionality without compromising on comfort. Smart furniture, which often incorporates modular designs and multifunctionality, addresses this demand. For instance, sm...