Latin America Smart Furniture Market Size & Outlook
Latin America smart furniture market, 2016-2028 (US$M)
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Latin America smart furniture market highlights
- The Latin America smart furniture market generated a revenue of USD 17.4 million in 2020.
- The market is expected to grow at a CAGR of 12.6% 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, Brazil is expected to register the highest CAGR from 2021 to 2028.
Latin America data book summary
| Market revenue in 2020 | USD 17.4 million |
| Market revenue in 2028 | USD 45.0 million |
| Growth rate | 12.6% (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, Latin America region accounted for 12.1% 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.
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Smart Furniture Market Scope
Smart Furniture Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 54.02% in 2020. Horizon Databook has segmented the Latin America smart furniture market based on commercial, residential covering the revenue growth of each sub-segment from 2016 to 2028.
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Target buyers of Latin America smart furniture market databook
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Our clientele includes a mix of smart furniture market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 Latin America smart furniture market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America smart furniture market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America smart furniture market report size, by country, 2016-2028 (US$M)
Latin America Smart Furniture Market Share, 2020 & 2028 (US$M)
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