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Smart Wardrobe Market : Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Global Smart Wardrobe MarketSmart Wardrobe is a wardrobe with a variety of modern features, including automatic humidity and temperature control. A smart system that analyses the environment and modifies it in accordance with a set of rules produces a smart wardrobe or smart closet.
Due to the COVID-19 pandemic, the global Smart Wardrobe market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period.
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Trends Influencing the Growth of the Global Smart Wardrobe Market
Smart Wardrobe can organize their items within the wardrobe with the aid of a smart wardrobe. In addition to an attached screen, it has the ability to sync data with mobile applications and transmit all data into the cloud. Based on the events they have scheduled and the current weather, users of their phone apps can receive recommendations on what to wear today.
The application will offer a dashboard to illustrate which clothing is worn most frequently and which is never touched for an extended period of time. Additionally, the application might advise the user to donate to a good cause or list it for sale on a second-hand website. This factor is expected to drive the growth of the Smart Wardrobe market.
The concept combined mobile apps and IoT devices. It is a well-established mobile personal inventory management solution as well as an inventory tracking system. With better clothing management, users may see more clearly which outfits they wear most frequently and least frequently. This may aid them in making further decisions regarding their least-worn clothing, such as whether to donate them to charity or gift them to a friend. This will further drive the growth of the Smart Wardrobe market.
Smart Wardrobe Market Share
In 2021, the smart wardrobe market in China is expected to be worth US$ million, while that of the US and Europe will be worth US$ million and US$ million, respectively. The US's share is% in 2021, while China's share is% and Europe's share is%, respectively. It is expected that China's share will reach% in 2028, following a CAGR of% during the course of the analysis period. Asia's significant markets are Japan, South Korea, and Southeast Asia, with CAGRs of %, %, and % for the following six years, respectively.
Samsung, LG, LAGO, GTV, Guangdong Topstrong Living Innovation & Integration, and Foshan Naniya Home Furnishing are a few of the major global makers of smart wardrobes. The top five players globally will control around % of the market's revenue in 2021.
Global Smart Wardrobe Scope and Segment
Smart Wardrobe market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Smart Wardrobe market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by Type and by Application for the period 2017-2028.
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Smart Wardrobe Market Segmentation
By Type
• Sliding Door
• Swing Door
• Open
By Application
• Home
• Commercial
By Companies
• Samsung
• LG
• LAGO
• GTV
• Guangdong Topstrong Living Innovation & Integration
• Foshan Naniya Home Furnishing
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