Smart Furniture Market is expected to expand at a CAGR of 12.4% from 2021 to 2028
Smart Furniture Industry Overview The global smart furniture market size is anticipated to reach USD 365.5 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 12.4% from 2021 to 2028. Lifestyle of consumers, especially in urban areas, is changing significantly due to increased disposable income. Luxurious and technically integrated product is becoming an essential part of their life; which is easing out the lives of professionals and workaholics. This would contribute to driving the industry in the coming years. In addition, increasing disposable income of individuals has led to thinking regarding the social status, driving the increased spending on products including furniture . Smart Furniture Market Segmentation Grand View Research has segmented the global smart furniture market on the basis of product, application, and region: Based on the Product Insights, the market is s...