Germany Smart Furniture Market

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Germany Smart Furniture Market by Product Type (Smart Tables & Desks, Smart Stools & Benches, Smart Chairs, and Smart Beds), by End Use (Residential and Commercial), and by Distribution Channel (Online and Offline) – Opportunity Analysis and Industry Forecast, 2024–2030

Industry: ICT & Media | Publish Date: 20-Feb-2024 | No of Pages: 101 | No. of Tables: 71 | No. of Figures: 36 | Format: PDF | Report Code : N/A

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Market Overview

Germany Smart Furniture Market size was valued at USD 215.8 million in 2023, and is expected to reach USD 265.3 million by 2030, with a CAGR of 3.0% from 2024 to 2030. Smart furniture refers to modern furnishings and fixtures designed with embedded technology, sensors, and connectivity features that enhance their functionality, convenience, and usability. These pieces of furniture are equipped with the ability to interact with users and adapt to various needs, often through remote control, via 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.

Rising Demand for Home Automation is Propelling the Smart Furniture Market

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.

 

Rising Disposable Income Over the Region Further Fuels the Market Growth

The rising 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 the market growth.

 

High Cost and Affordability Issues of Smart Furniture Restraints the Market Growth

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 the smart furniture market from expanding, particularly in the segments of the population that prioritize affordability.

Integration of Wireless Charging Capabilities in Smart Furniture Create Market Opportunities

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.

 

Competitive Landscape

Several market players operating in the Germany smart furniture market include Inter IKEA Systems BV, Herman Miller, Inc., Steelcase, Inc., Sobro, StoreBound LLC, Seebo Interactive Ltd., Milano Smart Living, Modoola Limited, Hi-Interiors SRL, and Sleep Number Corporation.

Germany Smart Furniture Key Market Segments

By Product Type    

  • Smart Tables & Desks

  • Smart Stools & Benches

  • Smart Chairs

  • Smart Beds 

By End Use    

  • Residential

  • Commercial 

By Distribution Channel

  • Online

  • Offline

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 215.8 Million

Revenue Forecast in 2030

USD 265.3 Million

Growth Rate

CAGR of 3.0% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

The pervasive integration of smart home technologies.

The robust economic prowess along with the elevated affluence levels.

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.

KEY PLAYERS

  • 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

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Frequently Asked Questions

The key market players operating in the Germany smart furniture market are Inter IKEA Systems BV, Herman Miller, Inc., Steelcase, Inc., Sobro, StoreBound LLC, Seebo Interactive Ltd., Milano Smart Living, Modoola Limited, Hi-Interiors SRL, and Sleep Number Corporation.

According to the Next Move Strategy Consulting, the size of the Germany smart furniture market is estimated to be at USD 265.3 million in 2030.

Germany smart furniture market is advancing into the future with seamless integration into the Internet of Things (IoT), providing heightened personalization, sustainability, and improved functionality for a connected and eco-friendly lifestyle.

One of the key challenges in the Germany smart furniture industry is high costs and affordability issues.

According to the Next Move Strategy Consulting, the size of the Germany smart furniture market is estimated at USD 215.8 million in 2023.

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