Smart Furniture Market Size (By Product, By Application, By Distribution Channel, and By Geography) - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

Smart Furniture Market Highlights

• The global smart furniture market is projected to reach USD 5.87 billion by 2032, with a CAGR of 8.6% from 2024 to 2032
• In 2023, the North American smart furniture market held a value of approximately USD 1.02 billion
• The Asia-Pacific region is expected to grow at a CAGR of over 9.5% from 2024 to 2032
• The smart desks as a product accounted for 39% of the market share in 2023
• The commercial application sub-segment captured 54% of the market share in 2023
• Enhanced focus on sustainable and eco-friendly smart furniture materials is the smart furniture market trend that fuels the industry demand

Smart Furniture, sometimes known as designed furniture, is smart because it is connected to a wall-mounted electric socket and has internet access. In addition, the smart furniture includes input and output devices and sensors, a networked computer, coordination with the existing network infrastructure, and a user's personal device. Furthermore, smart furniture refers to many furniture systems that employ surrounding environment information to provide integrated functionality and comfort to its customers. Smart furniture is being built with an emphasis on look and intuition, as well as integration with cutting-edge IT technology that allow people to connect to the smart furniture using their smartphones. Furthermore, increased customer demand for connected devices will fuel the smart furniture market growth.

Global Smart Furniture Market Dynamics

Market Drivers

• Growing demand for multifunctional and space-saving furniture
• Rising adoption of IoT technology in home and office environments
• Increasing consumer preference for sustainable and eco-friendly furniture

Market Restraints

• High initial cost of smart furniture compared to traditional options
• Limited availability of standardized smart furniture solutions
• Privacy and security concerns regarding connected devices

Market Opportunities

• Expansion of smart homes and commercial spaces
• Advances in AI and machine learning to enhance furniture functionality
• Growing trend of remote work driving demand for smart office furniture

Smart Furniture Market Report Coverage

Smart Furniture Market Insights

Technology has definitely changed during the past 20 years by artificial intelligence (AI), wireless innovations and others. Additionally, consumers looking for quick solutions to solve their problems and ways to simplify lives. However, latest technology is shaping the furniture industry and several manufactures are using smart tech to enhance their products to attract consumers towards their product as well as brands are making their furniture products more attractive and comfortable. Moreover, high-tech furniture made up for the home that which is operating by the apps and voice control, household items becoming smart furniture such as smart dressing tables, smart sofas, and others due to this worth investing on smart furniture to the residential.

Furthermore, important players are doing more to incorporate new smart technology into furniture, such as coffee tables that play your favorite music, desks that can wirelessly charge your smartphone, and mirrors that display time, date, and news, among other things. Furthermore, rising technology advancements in the inclusion of numerous functions such as induction beverage warmers, Bluetooth speakers, and others into single furniture are expected to drive the growth of the smart furniture market. For instance, in October 2022, IKEA unveiled DIRIGERA, a Matter-ready hub, as well as a new IKEA Home smart app. This new hub, paired with the IKEA Home smart app, enables customers to easily connect and control all of IKEA's smart goods.

Changing lifestyles are a major driver of growth in the smart furniture sector. As people's discretionary budgets improve, they spend more on home automation solutions like smart furniture products. For example, according to IEEE Xplore, the Internet of Things (IoT) has long been considered as the driving force behind the transformation of our daily life. Home automation, a significant IoT application, is becoming more popular with the introduction of smart houses. This tendency is particularly noticeable as an increasing number of homes attempt to incorporate smart home automation devices into their everyday routines.

However, international businesses are boosting the use of smart furniture among their employees. Furthermore, this allows for the tracking of activities such as standing or sitting time, as well as calories burned by employees, which is projected to drive demand for smart furniture in corporate settings in the coming years. Furthermore, consumers want smart appliances that are efficient, ecological, and multi-functional. Furthermore, increased consumer demand for furniture and durable household equipment is expected to significantly boost the global smart furniture market. For example, IKEA has proposed establishing ten furniture and homeware stores, as well as linked infrastructure. In addition, it intends to open 15 new outlets in India during the next decade.

Smart Furniture Market Segmentation

The worldwide market for smart furniture is split based on product, application, distribution channel, and geography.

Smart Furniture Market By Product

• Smart Tables
• Smart Desks
• Smart Tools And Benches
• Smart Sofas
• Smart Chairs
• Others

According to the smart furniture industry analysis, smart desks dominates industry due to rising popularity in the industrial sector, rapid expansion in commercial, office building construction, and remodeling activity, and demand is expected to continue as organizations furnish new work places. Smart desks are equipped with features like height adjustability, wireless charging, and integrated power outlets, making them ideal for both home offices and corporate spaces. The rising trend of remote work and ergonomic solutions further fuels their demand, as consumers prioritize comfort and productivity in their workspace.

Smart Furniture Market By Application

• Commercial
• Residential

According to the smart furniture industry analysis, the commercial offices by application segment currently dominates the market and is likely to grow over the forecast period, owing to increasing IT Park output and increased demand for updated office furniture from the global business sector. Furthermore, businesses around the world are progressively implementing smart furniture for their employees. Businesses are increasingly investing in smart furniture to boost employee productivity, optimize space utilization, and provide ergonomic solutions. With the rise of smart offices and a need for connected environments, the commercial sector continues to dominate the market.

Smart Furniture Market By Distribution Channel

• Online
• Offline retail

According to the smart furniture market forecast, the online distribution channel is anticipated to grow because of its convenience, larger product selection, and reasonable pricing. Customers can use e-commerce platforms to discover and compare numerous smart furniture solutions, which are accompanied by user reviews and precise specs. The growing popularity of digital adoption and direct-to-consumer business methods boosts internet sales even more. Furthermore, features such as doorstep delivery and liberal return policies improve consumer happiness, resulting in increased growth in this channel.

Smart Furniture Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of LATAM

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)

Smart Furniture Market Regional Analysis

For several reasons, North America dominates in smart furniture market, particularly in the presence of the United States and Canada, growing to the increasing popularity of automation in household appliances by the total population, across the North America area. Additionally, in July 2021, Herman Miller announced the completion of its previously announced acquisition of Knoll, Inc., transforming the company into the preeminent pioneer in modern design. The united company has 19 major brands, a global dealer network, and 64 showrooms worldwide, over 50 physical retail locations, and global multi-channel e-commerce capabilities. The completion of this deal is the first step in realizing the many benefits of this merger, allowing them to quickly begin leveraging the combined company's capabilities. This strategic move has further fueled growth in the smart furniture market by driving innovation and expanding market reach.

Asia-Pacific, out of all regions, is expected to grow at a robust CAGR of 9.5% due to improving developments in the residential domain industry within Asian emerging countries such as India, China, and others, which will lead to lucrative opportunities in the sector in the coming years. According to the World Bank, India's urbanization is quickly increasing. By 2036, its towns and cities will house 600 million people, or 40% of the total population, up from 31% in 2011, with urban areas accounting for over 70% of GDP. This expanding urbanization drives industry growth in the anticipated year.

Smart Furniture Market Players

Some of the top smart furniture companies offered in our report include KAMARQ, Fonesalesman, LLC, StoreBound LLC, Hi-Interiors srl, Ori, Inc, Desktronik, Tabula Sense, Sobro, Sleep Number Corporation, and Inter Ikea Systems B.V.