Smart Office Furniture Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, Canada, Germany, France, China - Size and Forecast 2024-2028

Smart Office Furniture Market Size 2024-2028:

The smart office furniture market size is forecast to increase by USD 118.1 million, at a CAGR of 10.11% between 2023 and 2028. The growth of the market hinges on multiple factors. Key among these are advancements in connectivity technologies, which enable seamless integration and enhanced functionality. Smart office furniture offers various functional benefits such as IoT connectivity, ergonomic design features, and integrated technology solutions that optimize workspace efficiency. Moreover, the increasing number of product launches introduces innovative designs and capabilities, catering to diverse needs in modern workplaces. These developments not only improve user experience but also contribute to productivity enhancements and workplace wellness. As businesses prioritize adaptable and technology-driven solutions, the smart office furniture sector is poised to expand further, driven by ongoing innovations and the evolving demands of contemporary office environments.

What will be the Size of the Market During the Forecast Period?

To learn more about this report, View Report Sample

Market Dynamics and Customer Landscape

The market is witnessing significant growth due to the increasing demand for tech-savvy workspaces in both residential and commercial sectors. Smart Furniture Technology includes Smart Desks, Tables, and Chairs, which are modern furnishings equipped with embedded technology and connectivity features. These products offer functionality, remote control, and compatibility with smartphone apps, making them popular among professionals and workaholics in urban areas. The residential sector is also adopting smart furniture, especially in living spaces, to enhance comfort and convenience. The commercial sector, including laboratories and tech-focused workspaces, is a major consumer of smart office furniture due to the need for productivity and efficiency. Home Centers and Specialty Stores are the primary distribution channels for smart office furniture.

The smart table segment holds a significant market share due to its versatility and ability to integrate various features, such as height adjustment, built-in charging stations, and touchscreens. Luxurious products catering to the needs of modern workspaces and recreational spaces are also gaining popularity in the market. The future of smart office furniture looks promising, with continuous innovation and advancements in technology. With a focus on aesthetics and functionality, smart office furniture supports flexible home environments and eco-friendly living, aligning with the demands of modern workplaces and intelligent living spaces designed by architects and designers.

Key Market Driver

Developments in connectivity technologies are notably driving the market growth. Bluetooth, Wi-Fi, and IoT are essential connectivity technologies for smart office furniture. These technological developments are driving the launch of various smart office furniture products such as smart desks, smart tables, and smart chairs. In addition, some of the major vendors operating in the global smart office furniture market are offering smart furniture products with advanced connectivity technologies.

For example, Steelcase, a leading manufacturer of office furniture, is collaborating with Sprint and Ericsson to discover how 5G will impact offices by deploying Sprint`s 5G service in its Atlanta WorkLife Center. Advancements in connectivity technologies that accelerate the integration of these technologies into smart office furniture are expected to have a positive impact on the market during the forecast period. 

Significant Market Trends

Increasing online retailing is the key trend influencing market growth. Online retail includes various retail models such as business-to-business (B2B), business-to-business (B2C), and consumer-to-consumer (C2C) sales of goods and services remotely via smartphones, tablets, and laptops. Shopping from the ground becomes possible. The high adoption of smartphones and other technologically advanced devices is one of the main factors driving the sales of smart office furniture products. Online retail eliminates the need for physical stores, large inventories, labor costs, and other costs. In addition, retail visibility will increase as there are no geographic restrictions on product and service offerings. Online commerce allows retailers to tap into untapped markets around the world by leveraging the broad visibility that the Internet provides. 

Further, most smart office furniture manufacturers, retailers, and exclusive distributors are now promoting and selling their products online to increase product awareness and online presence. Nearly all smart furniture brands, including Steelcase and Stirworks, actively sell their products online through their own website and popular retail sites such as Amazon.com Inc. (Amazon) and eBay. Due to growing awareness of the convenience of online shopping and other related benefits, there are numerous online retailers offering a wide variety of products in the global smart office furniture market. 

Major Market Challenge

Long product replacement cycles may impede market growth. Most furniture solutions, especially those for official purposes, are designed for long-term use and, in most cases, do not require frequent modernization or replacement. In addition, most intelligent office furniture products require a large investment, which is considered a one-time expense. Most smart office furniture brands are high quality and durable. Smart office furniture requires inexpensive yet timely maintenance. High-quality smart office furniture has a longer product replacement cycle, which reduces frequent purchases of smart office furniture.

Further, high acquisition costs and long replacement cycles hamper the annual growth of the market. Most smart office furniture manufacturers offer product warranties that further extend product life and discourage repeat furniture purchases. Thus, the long replacement cycle of smart furniture products limits sales and hinders the growth of the market during the forecast period.

Customer Landscape

The market research report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.

Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Avnet Inc.: The company offers Smart Office solution that makes it simple, fast, and convenient to find and book a meeting room by simply entering the room with a smartphone.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

• Berco Designs
• DEKOM AG
• Featherlite Pvt Ltd
• GoBright B V
• Haworth Inc.
• Humanscale International Holdings Ltd.
• Interogo Foundation
• Kimball International Inc.
• Kinnarps AB
• KOKUYO Co. Ltd.
• Konig Neurath AG
• Mikomax Sp z o o
• MillerKnoll Inc.
• Nilkamal Ltd.
• Schiavello International
• Smart Furniture LLC
• Steelcase Inc.
• Tabula Sense
• ZHEJIANG SUNON FURNITURE MANUFACTURE CO. LTD

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Market?

The market share growth by the offline segment will be significant during the forecast period. The offline distribution channel segment of the global smart office furniture market consists of four categories namely direct sales, dealers, distributors, and retailers. Offline sales channels bring many benefits to end users. Potential buyers can contact suppliers of smart furniture products. Additionally, the offline sales channel offers a large number of stock units (SKUs), giving end users a wide range of choices to choose from. Offline sales channels also have a wide variety of brands available at retail outlets and multi-branch outlets.

Get a glance at the market contribution of various segments View the PDF Sample

The offline segment was valued at USD 110.00 million in 2018. Offline sales channels mainly include the sale of smart office furniture products through catalogs including digital and physical catalogs. In this category, the products are mostly offered at discounted or factory prices, presumably because they have optimized the supply chain with the least number of stakeholders in the entire supply chain. The availability of an online catalog increased the popularity of the direct sales format. Customers can directly adapt products to their needs and business strategies, which is a great advantage of offline sales channels. This results in stronger customer relationships and control of the provider's operating costs, which in turn lowers product prices. The benefits associated with this retail format are improved customer relationships, controlled operating costs, and lower product prices. Due to these advantages, this segment is expected to grow during the forecast period.

Which are the Key Regions for the Market?

For more insights on the market share of various regions Download PDF Sample now!

North America is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The USD, Canada, and Mexico are some of the key countries contributing to the growth of the smart office furniture market in North America. High income and a high rate of urbanization in developed countries are among the major factors driving the growth of the smart office furniture market in North America. Due to high disposable income in major countries such as United States and Canada, the demand for luxury and premium office furniture in corporate offices is expected to increase during the forecast period.

Efficient use of office space is highly valued in the region, and many employers are installing smart furniture for employee health. As awareness of the numerous functional benefits of intelligent office furniture grows, acceptance of these products increases. Smart furniture products such as smart chairs and smart desks alert employees to sedentary situations and track productive working hours. Smart office furniture helps commercial businesses reduce power waste. Smart office furniture can be turned off remotely using an internet-enabled smartphone. Commercial organizations, especially offices, are therefore expected to increase their adoption of smart furniture products to address growing concerns about energy waste.

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.

• Distribution Channel Outlook 
  • Offline
  • Online

• Product Outlook
  • Smart tables desks
  • Storage
  • Smart seating benches
  • Stools

• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • South America
    • Argentina
    • Brazil
    • Chile

You may also interested in below market reports:

• K-12 Furniture Market by Product, Application, and Geography - Forecast and Analysis
• Furniture Market Analysis APAC, Europe, North America, South America, Middle East and Africa - China, US, Germany, Japan, UK - Size and Forecast
• Office Furniture Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Japan, Germany, France - Size and Forecast

Market Analyst Overview

Smart office furniture is revolutionizing the way we work and live, with an increasing focus on tech-savvy workspaces in both residential and commercial sectors. Smart Desks and Tables, equipped with sensors and intelligent systems, are leading the charge. These modern furnishings offer connectivity features, wireless charging, and embedded technology, making them ideal for corporate offices, urban areas, and even IT laboratories. The residential segment is also embracing smart office furniture, with home centers and specialty stores showcasing luxurious products. Open floor plans and collaborative work areas are driving demand for smart desks and tables in commercial sector, particularly in metropolitan regions.

Further, product longevity and replacement activity are key factors influencing the market growth. Wood office furniture is also integrating smart technology, offering a blend of traditional design and modern functionality. E-commerce capabilities are expanding the reach of smart office furniture, allowing professionals and workaholics to shop from the comfort of their homes. Smart chairs, coffee tables, and other fixtures are also gaining popularity, with wireless charging and sensors adding convenience and functionality to these everyday items. Overall, the smart office furniture market is poised for significant growth, offering a multitude of benefits to both residential and commercial consumers.

In addition, the market is expanding rapidly, driven by tech-savvy workspaces in urban regions and a surge in office construction and improvement activities. Budget-conscious office buyers are increasingly drawn to smart desks and furniture that offer adjustable settings, built-in charging capabilities, and environmental sensors. Showrooms and physical retail locations showcase these products, complemented by robust e-commerce capabilities catering to work-from-home professionals. Voice-activated virtual assistants, wireless chargers, and Bluetooth speakers are integrated into furniture designs, enhancing user experience and productivity in both office spaces and residential environments. With a focus on aesthetics and functionality, smart office furniture supports flexible home environments and eco-friendly living, aligning with the demands of modern workplaces and intelligent living spaces designed by architects and designers.

View PDF Sample

What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across APAC, Europe, North America, Middle East and Africa, and South America
• Thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

Get in touch