Asia Pacific Smart Furniture Market Size & Outlook
Asia Pacific smart furniture market, 2016-2028 (US$M)
Related Markets
Asia Pacific smart furniture market highlights
- The Asia Pacific smart furniture market generated a revenue of USD 31.8 million in 2020.
- The market is expected to grow at a CAGR of 15.2% from 2021 to 2028.
- In terms of segment, commercial was the largest revenue generating application in 2020.
- Residential is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2021 to 2028.
Asia Pacific data book summary
| Market revenue in 2020 | USD 31.8 million |
| Market revenue in 2028 | USD 98.7 million |
| Growth rate | 15.2% (CAGR from 2020 to 2028) |
| Largest segment | Commercial |
| Fastest growing segment | Residential |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Commercial, Residential |
| Key market players worldwide | Sleep Number Corp, Hi-Interiors, IKEA, Sobro, modoola |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 22.1% of the global smart furniture market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 98.7 million by 2028.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Smart Furniture Market Scope
Smart Furniture Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific smart furniture market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart furniture market will help companies and investors design strategic landscapes.
Commercial was the largest segment with a revenue share of 56.29% in 2020. Horizon Databook has segmented the Asia Pacific smart furniture market based on commercial, residential covering the revenue growth of each sub-segment from 2016 to 2028.
Reasons to subscribe to Asia Pacific smart furniture market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Asia Pacific smart furniture market databook
-
Our clientele includes a mix of smart furniture market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific smart furniture market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific smart furniture market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific smart furniture market report size, by country, 2016-2028 (US$M)
Asia Pacific Smart Furniture Market Share, 2020 & 2028 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
