Smart Furniture

Smart Furniture

Global Smart Furniture Market to Reach US$1.3 Billion by 2030

The global market for Smart Furniture estimated at US$369.3 Million in the year 2023, is expected to reach US$1.3 Billion by 2030, growing at a CAGR of 19.6% over the analysis period 2023-2030. Commercial End-Use, one of the segments analyzed in the report, is expected to record a 22.9% CAGR and reach US$665.9 Million by the end of the analysis period. Growth in the Residential End-Use segment is estimated at 16.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$99.3 Million While China is Forecast to Grow at 18.4% CAGR

The Smart Furniture market in the U.S. is estimated at US$99.3 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$194.2 Million by the year 2030 trailing a CAGR of 18.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 18.0% and 16.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.7% CAGR.

Global Smart Furniture Market - Key Trends and Drivers Summarized

How Is Smart Furniture Transforming Home and Office Spaces?
Smart furniture is revolutionizing home and office environments by integrating advanced technologies, such as IoT connectivity, sensors, and smart controls, into everyday furniture pieces. This integration allows users to control furniture functions via smartphones, voice commands, or automation systems, enhancing convenience and user experience. From height-adjustable desks with memory presets to smart recliners with massage and temperature control, smart furniture offers a blend of comfort, functionality, and modern aesthetics. The rising demand for smart homes, smart offices, and connected living spaces is driving the adoption of smart furniture, catering to both residential and commercial markets.

What Are the Key Technological Trends Influencing the Smart Furniture Market?
Technological advancements in sensor technology, AI, and IoT are key drivers of the smart furniture market. The integration of AI-enabled voice assistants, such as Alexa and Google Assistant, allows for seamless control of smart furniture, enhancing user convenience. Innovations like wireless charging pads, built-in speakers, and smart lighting are adding value to smart furniture designs. Furthermore, the use of sustainable and eco-friendly materials, along with energy-efficient smart controls, is aligning with consumer preferences for environmentally responsible products. Augmented Reality (AR) and Virtual Reality (VR) are also being leveraged for virtual furniture customization and interior design, enhancing the shopping experience.

Which Segments Are Leading the Smart Furniture Market?
Product types include smart desks, smart sofas, smart beds, and ergonomic chairs, with smart desks and smart beds leading due to their high demand in home offices and residential settings. Applications span across residential, commercial, and institutional sectors, with the residential sector dominating due to the rising trend of smart home automation. Distribution channels range from offline stores, such as furniture showrooms and specialty stores, to online platforms, with online channels experiencing rapid growth due to convenience and the increasing use of AR and VR technologies for virtual shopping. Regionally, North America and Europe are the largest markets due to high consumer awareness and technological adoption, while Asia-Pacific is emerging as a high-growth region driven by urbanization and increasing disposable incomes.

What Factors Are Driving the Growth in the Smart Furniture Market?
The growth in the smart furniture market is driven by several factors, including the increasing demand for smart home automation, advancements in sensor integration, AI, and IoT for enhanced functionality, and the rising consumer preference for multi-functional, space-saving furniture solutions. The expansion of e-commerce platforms and online retail channels, the growing trend of smart workspaces and smart offices, and the focus on sustainability, energy efficiency, and eco-friendly materials are supporting market growth. Additionally, the development of innovative smart furniture designs, the rise of subscription-based models and Furniture-as-a-Service (FaaS), and the increasing collaborations between tech companies and furniture manufacturers are further driving market expansion.

Select Competitors (Total 46 Featured) -

• ABA Interiors (UK) Limited
• ACTIU Berbegal y Formas S.A.
• AeraMax Professional
• AGC Business Supplies
• Andre Fu Living Limited
• Apex Medical Systems
• Arredamenti Camilletti S.R.L.
• Artome
• Baran Ash, Inc.
• Bassett Furniture Industries

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.