Smart Furniture Market By Product Type (Smart Tables, Smart Desks, Smart Stools & Benches, Smart Sofas, Smart Chairs), By Application (Corporate Offices, Residential) - Growth, Future Prospects And Competitive Analysis, 2018 – 2026

Home automation aiding the smart furniture market growth

The smart furniture market was valued at US$ 135.2 Mn in 2017 and is expected to grow at a CAGR of 21.8% (2018 to 2026) and reach US$ 794.8 Mn in 2026. Smart furniture combines smart home technology along with network-connected household goods such as dressing tables, chairs, shelves and cabinet doors. Smart furniture simplifies numerous basic problems, among which electronic charging devices form a major one. Governed primarily by the residential segment, the market is highly driven by the overall rising smart homes industry worldwide. Due to the growing consumer shift towards connected devices, the smart furniture market is expected to witness robust growth over the forecast period.

Increasing adoption of smart furniture across the workplace (corporate offices) is another prominent factor aiding the market growth. Smart furniture monitors the duration for which an employee stands, sits, or is away from the desk. Moreover, it also measures the calories burnt by an employee while sitting at the desk. Similarly, it also sends an alert in case an employee has been sitting for quite a long time, thereby creating awareness on an ergonomic lifestyle. With increasing emphasis on incorporating ergonomic furniture by corporate entities, smart furniture is set to witness substantial growth over the forecast period.

Another important factor complimenting the market growth is rapidly evolving smart furniture designs. Smart furniture companies are developing smart tables that facilitate wireless charging of smartphones and mirrors displaying time, date, and news. In addition, changing lifestyles coupled with the rising disposable income of people across regions such as Asia Pacific, Middle East & Africa, and Latin America has further created a favorable environment for the smart furniture market to flourish.

Covid 19 Impact

The wood industry, which requires a strategic approach to ethical considerations, hard work, and dedication, has been hit hard by COVID-19. While the market has consistently grown for a number of firms, the business has been hindered by the lockdown.

Market Synopsis

Smart Furniture Market

Increasing focus towards employee welfare propelling adoption of smart furniture across offices

In 2017, the residential segment led the overall smart furniture market worldwide, contributing to nearly 70% of the overall market value in 2017. One of the most prominent factors influencing residential segment growth is the rising popularity of smart homes and connected devices worldwide. Moreover, changing lifestyle and increasing discretionary income is expected to further drive the adoption of smart furniture in the residential sector over the forecast period. Apart from North America and Europe, regions such as the Asia Pacific and Latin America are expected to support the aforementioned growth factors.

The adoption of smart furniture across corporate offices is expected to witness significant growth during the forecast period. There has been an increasing focus on the part of corporate offices towards employee welfare and ergonomics. The adoption of smart furniture in offices enables to track and monitor an employee’s activities, thereby enhancing the overall productivity. Moreover, offices across the world are supporting the idea of office automation, a factor further bolstering the adoption of smart furniture in offices.

Smart Furniture Market

Rising discretionary income across Asia Pacific to make it the fastest growing regional market

The global smart furniture market is dominated by North America, accounting for more than 35% of the overall market value in 2017. One of the most prominent factors driving the smart furniture market growth in the region is the strong home automation industry. Moreover, people are willing to spend more on home automation solutions as a result of higher inclination towards sophisticated lifestyle. In addition, the region being one of the early adopters of the Internet of Things (IoT) has further helped the market to flourish.

The smart furniture market in the Asia Pacific is expected to witness substantial growth during the forecast period. The rising inclination mainly governs the growth towards home automation in the region. With rising discretionary income, people are more likely to invest in home automation solutions, positively influencing the demand for smart furniture. Countries such as Japan, China, South Korea, and some Southeast Asian countries are estimated to play a major role in the smart furniture market in the region over the forecast period.

Smart Furniture Market

Smart furniture market set to witness massive R&D activities on the part of manufacturers in coming years

One of the common strategies amongst players in the smart furniture market is the emphasis on product development to offer consumers more convenience and usability. For instance, Carlo Ratti Associati launched an Internet of Things sofa in April 2016. The new sofa is developed with the support of the Swiss furniture brand Vitra. The new smart sofa can be adjusted into different configurations using hand gestures or an app. Similarly, in 2017, Herman Miller introduced its range of connected office furniture. The desks are equipped with sensors, which helps in monitoring the usage pattern. The collected data can be further used for health and activity analysis.

Smart Furniture Market

Historical & Forecast Period

2016 – Historical Year
2017 – Base Year
2018-2026 – Forecast Period 

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment are calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The report elucidates the detailed outline of global smart furniture market by categorizing the market in terms of product type, application, and geography.

  • Product Type (2016–2026; US$ Mn)
    • Smart Tables
    • Smart Desks
    • Smart Stools & Benches
    • Smart Sofas
    • Smart Chairs
  • Application (2016–2026; US$ Mn)
    • Corporate Offices
    • Residential
  • Geography Segment (2016–2026; US$ Mn)
    • North America
      • United States
      • Canada
    • Europe
      • United Kingdom
      • Germany
      • France
      • Rest of Europe
    • Asia Pacific (APAC)
      • China
      • Japan
      • India
        Rest of APAC
    • Rest of the World (RoW)
      • Middle East & Africa (MEA)
      • Latin America

Smart Furniture Market

Key players profiled in the report include Milano Smart Living, Modoola Ltd., Fonesalesman, Carlo Ratti, Herman Miller, Inc., Tabula Sense, Ikea Systems B.V., Seebo Interactive Ltd., Kamarq Holdings and Ori Systems among others.

Key questions answered in this report

  • What was the global market size in 2017 and forecast for 2026?
  • What are the current market trends in the smart furniture market?
  • What are the various valuable opportunities for the players?
  • Which are the bestselling smart furniture brands?
  • Which is the largest regional market for smart furniture?
  • Which region expected to be the fastest growing and why?
  • What are new products launched by the leading smart furniture manufacturers?
  • What are the key strategies adopted by the leading players in market?
  • What are the technological trends existing in the market?
  • Consumer behavior analysis affecting the adoption of smart furniture
Choose License Type
Trusted By
Related Report

Published Date:  Aug 2022
Category:  Technology & Media
Report ID:   59039
Report Format:   PDF
Pages:   180
Rating:    4.5 (35)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
24/7 Research Support