Smart Furniture Market Size

Smart Furniture Market size was valued at USD 3.41 billion in 2023 and is set to exceed USD 12.05 billion by 2036, registering over 10.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of smart furniture is estimated at USD 3.69 billion.

The global market is thriving on the back of growing demand for smart home automated devices amongst consumers. Smart furniture provides consumers the ease to access various comfort applications, such as controlling of temperature in electric mattresses of smart beds, and also helps the user to transform the basic furniture into various space saving furniture forms, for instance, transformation of a sofa to bed and vice-versa. Additionally, growing consumption of furnishings and durable household equipment amongst consumers is also anticipated to contribute significantly towards the growth of the global market.

Moreover, the commercial segment is anticipated to gain significant market share on the back of major focus by corporate offices across the world towards employee welfare and ergonomics, coupled with growing need amongst employers to track and monitor an employee’s activity, in order to increase the productivity of all employees.