Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Global smart office furniture market expected to propel due to the surge in demand for the connectivity technologies based-office furniture for helping employees' and improvement in organizations productivity
The global smart office furniture market expected to grow over a CAGR of 18.37% during the forecast period, 2020-2027. The growth can be attributed to the growing demand for the sensors embedded smart office furniture to analyze the activity log of employees by assessing and evaluating the active and inactive working hours of employees. Additionally, the growing applications of smart office furniture for helping health issues of employees at workstations such as capture the number of calories burnt and notify them with a sedentary alert in case the user sits for prolonged sitting hours without any physical activity. These factors projected to drive the growth of the global smart office furniture market size in the analysis period. Further, the shifting trend of consumers towards the adoption of furniture, which is interconnected to IoT, will foster the growth of the market.
The smart office furniture will continue to be closely integrated with various industries so that it will build intelligent, comfortable, and efficient office and home space for hundreds of millions of homes or offices. The increasing trend for the home office and work from home concept, demand for desktop chairs, and tables will increase in the years to come. These factors will drive demand smart office furniture in the forecast span. Furthermore, the growing adoption of connected technology such as wireless charging of smartphones, mirror display of time, date & news, sensors, WI-Fi, and IoT in office furniture for wireless tracking of office equipment will augment the growth of the market in the estimated period. Additionally, the surge in the number of start-ups companies across the developing nations will influence the demand of the smart office furniture industry.
Product Type Overview in the Global Smart Office Furniture Market
Based on product type, the global smart office furniture market classified into smart tables, smart chairs, smart desks, smart filling & storage, smart office & lighting, and accessories. The smart chair will be the fastest-growing segment in the forecast period. It is attributable to the smart chair help in improved employee's health, better work productivity along with technically equipped to control equipment to turn on the office switch, air conditioner, computer. Distribution Channel Overview in the Global Smart Office Furniture market
Based on Distribution Channel, the global smart office furniture market segregated into Offline Channel and Online Channel. The Online Channel will generate for the global smart office furniture market the highest revenue by 2027. It is due to the rise in the disposable incomes, increase in the number of smartphone users across the globe coupled with the growing opportunity for furniture retailers to sell through the online channel by improving purchase processes in terms of security and reliability, and payment gateway.
Regional Overview in the Global Smart Office Furniture Market
By geography, the global smart office furniture market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America accounted for maximum revenue share in 2019, owing to the presence of keys players in these regions, the rise in prices of commercial spaces, along with the huge surge in the start-ups in these regions will demand smart office furniture in the next few years.
Global Smart Office Furniture Market: Competitive Landscape
Companies such as Berco Designs, Haworth Inc., Herman Miller, Inc., Inter IKEA Group, KI, Kimball International Inc., Kinnarps AB, KOKUYO Co. Ltd., Modoola LLP, and Tabula Sense, are the key players in the global smart office furniture market.