Global Smart Office Furniture Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Smart Office Furniture market:
The latest research study on the global Smart Office Furniture market finds that the global Smart Office Furniture market reached a value of USD 252.59 million in 2022. It’s expected that the market will achieve USD 355.37 million by 2028, exhibiting a CAGR of 5.85% during the forecast period.

Smart office furniture products provide solutions for healthy and efficient office work. Expect to change the user's traditional office environment and methods, and realize the free conversion of sitting, standing, and moving various behaviors and postures. Try to alleviate the sub-health problems such as cervical spondylosis and lumbar spondylosis that are common in the workplace, and at the same time improve the user's office comfort and work efficiency.

Influence of COVID-19 Outbreak on Smart Office Furniture Industry Development
The COVID-19 epidemic has infected many people, and its spread and scope far exceed SARS. Countries around the world continue to strengthen prevention and control to control the spread of epidemics, but the impact of epidemics on various industries is different. The office furniture market is an industry that is greatly affected by changes in downstream consumer demand. The new coronavirus epidemic has caused home office to become an option in the short term, so it will compress downstream consumer demand to a certain extent. According to the prediction of the United Nations, the global economy will decline by 2-3% in 2020. The global economic decline will cause almost all enterprises to actively cut unnecessary expenses and save costs. Therefore, it is a big blow to the smart office furniture market in the short term. Enterprises in the industry need to be prepared for the economic winter.

Opportunities
Online furniture resource Smart Furniture has launched a new home office line that it said was developed in response to a growing demand for functional and accessibly priced home office furniture similar to that seen in upper end commercial office spaces.
The initial items range from a $189 two-drawer Moxie file pedestal cabinet to a $999 Balance Height adjustable desk and a $974 Whisper Height pneumatic desk. There are also desk chairs including the $476 Verve desk chair and the $787 Cadence desk chair, as well as accessories such as lamps, privacy panels, chair mats and footrests.
“Every piece of the Smarter Office line was specifically designed for remote work,” the company said. “It is our mission to be our customers’ single go-to brand for all of their home office needs. We want you to love everything about your home workspace.”
With the economic development in the past ten years, people's living standards have been continuously improved, and more and more people are more concerned about their own health
problems. Especially for most people working in the office, the subhealth problem is a problem that cannot be ignored. More and more companies and unions have gradually reached a consensus on upgrading office facilities to protect the rights and interests of employees.

Segmentation Overview:
Among different product types, Smart tables, desks, and storages segment is anticipated to contribute the largest market share in 2028.

Application Overview:
By application, the Commercial Office segment occupied the biggest share from 2018 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Smart Office Furniture market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Smart Office Furniture market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Smart Office Furniture and its sub-markets in an intuitive way.

Key Companies in the global Smart Office Furniture market covered in Chapter 3:
Kimball International Inc.
Inter IKEA Group
KI
Tabula Sense
Haworth Inc.
Kinnarps AB
Modoola LLP
KOKUYO Co. Ltd.
Berco Designs
Herman Miller Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Smart Office Furniture market from 2018 to 2029 is primarily split into:
Smart tables, desks, and storages
Smart seatings, benches, and stools

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Smart Office Furniture market from 2018 to 2029 covers:
Commercial Office
Government Agency Office

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Smart Office Furniture market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029

Frequently Asked Questions