Product Code: ETC305604 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India smart furniture market import shipment demonstrated significant growth from 2020 to 2024, with a strong CAGR of 39.4%. In particular, between 2023 and 2024, the growth rate accelerated by 22.0%, indicating a robust upward momentum in market expansion.
The India smart furniture market stood at USD 1 billion in 2025, witnessing a remarkable CAGR during 2014-2025 on account of shifting consumer preferences towards convenience & personalization offered by modern furniture designs coupled with high disposable income levels amongst urban populations. Growing trend towards adoption of technology integrated into home furnishing products will further propel its demand in coming years between 2025 - 2025. Furthermore , ongoing evolution within ecommerce space makes it easier for consumers to purchase these products through multiple channels which gives an additional push to overall industry size.
The India smart furniture market is witnessing significant growth as consumers seek innovative and connected furniture solutions. This market`s outlook is driven by factors such as the increasing demand for smart and multifunctional furniture in urban living spaces, the growth of smart homes and IoT technologies, and the adoption of furniture with integrated electronic components and automation features. Additionally, the development of smart furniture with wireless charging, voice-activated controls, and remote monitoring capabilities and the rising focus on space-saving and sustainable designs are further contributing to market growth. The market faced some impact during the COVID-19 pandemic due to changes in consumer spending and lifestyle patterns. However, it is expected to recover with the rebound in consumer confidence and the growing interest in smart living solutions.
The India smart furniture market is witnessing significant growth as consumers seek innovative and connected furniture solutions. This market`s outlook is driven by factors such as the increasing demand for smart and multifunctional furniture in urban living spaces, the growth of the smart home and IoT industry, and the adoption of smart furniture for convenience and automation. Additionally, the development of furniture with integrated smart features like wireless charging, voice control, and remote access and the rising focus on sustainable and customizable furniture designs are further contributing to market growth. Challenges in this market include the higher cost of smart furniture compared to traditional furniture and the need for robust data security and privacy measures for connected furniture.
The India smart furniture market is witnessing significant growth as consumers seek technologically advanced and multifunctional furniture solutions. This market`s outlook is driven by factors such as the increasing demand for space-saving and IoT-enabled furniture, the growth of urban living and small-space housing, and the adoption of smart furniture for its convenience and automation features. Additionally, the development of modular and customizable smart furniture and the rising focus on sustainable and energy-efficient materials are further contributing to market growth. The market faced challenges during the COVID-19 pandemic as changes in work and lifestyle patterns affected furniture demand. However, it is expected to rebound with the recovery of the real estate and housing sectors and increased consumer interest in smart living solutions.
The India smart furniture market is driven by innovative players that integrate technology and functionality into furniture designs. Some of the prominent players in the market include Godrej Interio, Hettich India Pvt. Ltd., IKEA India, Pepperfry, and Urban Ladder. These companies offer a range of smart furniture solutions, including smart storage systems, convertible furniture, and IoT-enabled furniture pieces that cater to the evolving needs of modern consumers.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Smart Furniture Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Smart Furniture Market Revenues & Volume, 2021 & 2031F |
3.3 India Smart Furniture Market - Industry Life Cycle |
3.4 India Smart Furniture Market - Porter's Five Forces |
3.5 India Smart Furniture Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 India Smart Furniture Market Revenues & Volume Share, By Product, 2021 & 2031F |
4 India Smart Furniture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and growth in residential construction projects in India |
4.2.2 Rising disposable income and changing lifestyle preferences towards modern and tech-savvy furniture |
4.2.3 Growing awareness about smart home solutions and IoT devices among Indian consumers |
4.3 Market Restraints |
4.3.1 High initial cost and installation expenses associated with smart furniture products |
4.3.2 Limited availability of skilled labor for installation and maintenance of smart furniture systems |
4.3.3 Concerns regarding data privacy and security risks associated with connected smart furniture |
5 India Smart Furniture Market Trends |
6 India Smart Furniture Market, By Types |
6.1 India Smart Furniture Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 India Smart Furniture Market Revenues & Volume, By Application, 2021-2031F |
6.1.3 India Smart Furniture Market Revenues & Volume, By Commercial, 2021-2031F |
6.1.4 India Smart Furniture Market Revenues & Volume, By Residential, 2021-2031F |
6.2 India Smart Furniture Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 India Smart Furniture Market Revenues & Volume, By Smart Desks, 2021-2031F |
6.2.3 India Smart Furniture Market Revenues & Volume, By Smart Tables, 2021-2031F |
6.2.4 India Smart Furniture Market Revenues & Volume, By Smart Chairs, 2021-2031F |
6.2.5 India Smart Furniture Market Revenues & Volume, By Others, 2021-2031F |
7 India Smart Furniture Market Import-Export Trade Statistics |
7.1 India Smart Furniture Market Export to Major Countries |
7.2 India Smart Furniture Market Imports from Major Countries |
8 India Smart Furniture Market Key Performance Indicators |
8.1 Adoption rate of smart home technologies among Indian households |
8.2 Number of smart furniture manufacturers and suppliers entering the Indian market |
8.3 Investment in research and development for innovative smart furniture solutions |
8.4 Percentage of Indian consumers willing to pay a premium for smart furniture products |
8.5 Growth in partnerships between furniture companies and technology firms to offer integrated smart furniture solutions |
9 India Smart Furniture Market - Opportunity Assessment |
9.1 India Smart Furniture Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 India Smart Furniture Market Opportunity Assessment, By Product, 2021 & 2031F |
10 India Smart Furniture Market - Competitive Landscape |
10.1 India Smart Furniture Market Revenue Share, By Companies, 2024 |
10.2 India Smart Furniture Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |