Smart Furniture Market, valued at USD 2.83 Billion in 2023, is projected to surpass USD 5.87 Billion by 2032, indicating a robust CAGR of 8.6%

The space-saving furniture is referred to as smart furniture. Smart furniture combines smart home new technologies with network connections via Wi-Fi or Bluetooth, smartphones, and other devices that assist household goods such as chairs, dressing tables, shelves, and cabinet doors. The objective of smart furniture design is to reduce space in the home while also making the items wonderful, unique, safe, and functional. Its purpose is to tackle a variety of fundamental difficulties, the most significant of which is the charging of electric appliances. Furthermore, it allows consumers to browse the internet for weather prediction updates, news feeds, and music streaming. Furthermore, the increasing focus of users on linked systems will drive market growth.

Moreover, Sleep Number Corporation will release the next generation of Sleep Number smart beds and Lifestyle Furniture in April 2023. These products can be purchased separately, but they are best used together to help sleepers achieve ideal sleep. This innovation has accelerated the growth of the smart furniture market by increasing demand for integrated, health-focused furniture solutions.

Smart Furniture Market Statistics

• The global smart furniture market generated USD 2.83 billion in 2023 and is projected to grow at a robust CAGR of 8.6% from 2024 to 2032
• North America led the market in 2023, contributing USD 1.02 billion in revenue
• The Asia Pacific region is expected to witness significant growth, with a projected CAGR of 9.5% during the forecast period
• Smart desks accounted for the largest product share, representing 39% of the market in 2023
• The commercial application sub-segment dominated the market, achieving a 54% market share in 2023
• A discernible trend in the smart furniture market is rising demand for multifunctional and space-saving furniture solutions.

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Smart Furniture Market Dynamics

Increasing Adoption of Smart Furniture due To Rise in Comfort Level and Occupy Less Space Fuels the Smart Furniture Market Value

One of the key drivers of the smart furniture market's growth is the rising demand for furniture that enhances comfort while occupying minimal space. Consumers increasingly prefer smart furniture as it combines functionality with modern aesthetics, transforming home decor while optimizing space. Additionally, smart furniture offers superior performance compared to traditional furniture, providing enhanced comfort and improving quality of life. The adoption of smart furniture is also gaining momentum in workplaces, especially corporate offices, as organizations invest in ergonomic solutions to boost employee collaboration, promote wellness, and prevent issues like back pain and related injuries. Advanced features like monitoring employees’ activity duration, tracking time spent standing, sitting, or away from desks, and calculating calories burned are driving this trend. Furthermore, these products send alerts to encourage movement, fostering ergonomic lifestyles. With the growing emphasis on employee well-being and productivity, the smart furniture market is expected to witness significant growth in the coming years.

Growing Trend of Remote Work Driving Demand for Smart Office Furniture Offer Significant Smart Furniture Market Opportunity

The growing trend of remote work is creating a significant opportunity for the smart furniture market, particularly in the smart office furniture segment. As more people establish home offices, the demand for multifunctional, ergonomic, and space-saving furniture is on the rise. Smart office furniture equipped with features like height adjustability, integrated charging ports, and personalized settings is increasingly preferred to enhance comfort and productivity. Employers are also investing in smart furniture to support hybrid work models, ensuring employee wellness and efficiency in remote setups. Additionally, the ability to track usage patterns and promote healthier work habits makes smart furniture a valuable asset for remote workers. This shift in work culture is expected to drive substantial growth in the smart furniture market in the years ahead.

Smart Furniture Market Segmentation

The global market for smart furniture has been segmented into product, application, and distribution channel, and region.

• Product is classified into smart tables, smart desks, smart tools and benches, smart sofas, smart chairs, and others
• Application are divided into commercial, and residential
• Distribution channel are categorized into online, and offline retail
• The smart furniture market is geographically split into Europe, North America, Latin America, APAC, and the Middle East and Africa

Smart Furniture Market Regional Outlook

In terms of smart furniture market analysis, North America is expected to boost its market share, primarily in the provinces of the United States and Canada, due to rising demand for automation in household appliances among the region's significant populations. Further growing technical advancement, strong presence of key market players, and high consumer purchasing power are expected to fuel the expansion of the smart furniture market in North.

Furthermore, Asia-Pacific is expected to have a profitable CACR of 9.5% throughout the projected period due to significant growth in many areas, including consumer electronics, Internet infrastructure, economic growth, and spending capacity. Furthermore, the growing popularity of smart homes in Asian countries such as China, South Korea, and India, among others, is likely to open up new business potential in the Asia Pacific area.

Smart Furniture Market Players

Smart Furniture companies profiled in the report include Hi-Interiors srl, KAMARQ, Fonesalesman, LLC, StoreBound LLC, Desktronik, Tabula Sense, Sobro, Sleep Number Corporation, Ori, Inc, and Inter Ikea Systems B.V.

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Mr. Richard Johnson

Acumen Research and Consulting

India: +91 8983225533

E-mail: [email protected]