UK Smart Furniture Market Size & Outlook, 2020-2028
UK smart furniture market, 2016-2028 (US$M)
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UK smart furniture market highlights
- The UK smart furniture market generated a revenue of USD 12.6 million in 2020 and is expected to reach USD 28.8 million by 2028.
- The UK market is expected to grow at a CAGR of 10.9% from 2021 to 2028.
- In terms of segment, residential was the largest revenue generating application in 2020.
- Residential is the most lucrative application segment registering the fastest growth during the forecast period.
Smart furniture market data book summary
| Market revenue in 2020 | USD 12.6 million |
| Market revenue in 2028 | USD 28.8 million |
| Growth rate | 10.9% (CAGR from 2020 to 2028) |
| Largest segment | Residential |
| Fastest growing segment | Residential |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 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, UK accounted for 8.8% of the global smart furniture market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Europe, UK smart furniture market is projected to lead the regional market in terms of revenue in 2028.
- UK is the fastest growing regional market in Europe and is projected to reach USD 28.8 million by 2028.
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Smart Furniture Market Scope
Smart Furniture Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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.
Residential was the largest segment with a revenue share of 55.56% in 2020. Horizon Databook has segmented the UK smart furniture market based on commercial, residential covering the revenue growth of each sub-segment from 2016 to 2028.
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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 UK 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 country-level data and insights on the UK smart furniture market, including forecasts for subscribers. This country databook contains high-level insights into UK smart furniture market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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UK smart furniture market report size, by application, 2016-2028 (US$M)
UK Smart Furniture Market Share, 2020 & 2028 (US$M)
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