India Smart Furniture Market Size & Outlook, 2020-2028

The smart furniture market in India is expected to reach a projected revenue of US$ 30.9 million by 2028. A compound annual growth rate of 15.8% is expected of India smart furniture market from 2021 to 2028.
Revenue, 2020 (US$M)
$9.5
Forecast, 2028 (US$M)
$30.9
CAGR, 2021 - 2028
15.9%
Report Coverage
India

India smart furniture market highlights

  • The India smart furniture market generated a revenue of USD 9.5 million in 2020 and is expected to reach USD 30.9 million by 2028.
  • The India market is expected to grow at a CAGR of 15.8% from 2021 to 2028.
  • In terms of segment, commercial was the largest revenue generating application in 2020.
  • Residential is the most lucrative application segment registering the fastest growth during the forecast period.


Smart furniture market data book summary

Market revenue in 2020USD 9.5 million
Market revenue in 2028USD 30.9 million
Growth rate15.8% (CAGR from 2020 to 2028)
Largest segmentCommercial
Fastest growing segmentResidential
Historical data2016 - 2019
Base year2020
Forecast period2021 - 2028
Quantitative unitsRevenue in USD million
Market segmentationCommercial, Residential
Key market players worldwideSleep Number Corp, Hi-Interiors, IKEA, Sobro, modoola


Other key industry trends

  • In terms of revenue, India accounted for 6.6% of the global smart furniture market in 2020.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
  • In Asia Pacific, China smart furniture market is projected to lead the regional market in terms of revenue in 2028.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 30.9 million by 2028.

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Smart Furniture Market Scope

Smart Furniture Market Companies

Name Profile # Employees HQ Website

India smart furniture market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart furniture market will help companies and investors design strategic landscapes.


Commercial was the largest segment with a revenue share of 68.42% in 2020. Horizon Databook has segmented the India smart furniture market based on commercial, residential covering the revenue growth of each sub-segment from 2016 to 2028.


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Target buyers of India smart furniture market databook

  • Our clientele includes a mix of smart furniture market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India smart furniture market, including forecasts for subscribers. This country databook contains high-level insights into India smart furniture market from 2016 to 2028, including revenue numbers, major trends, and company profiles.

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India smart furniture market report size, by application, 2016-2028 (US$M)

India Smart Furniture Market Share, 2020 & 2028 (US$M)

India smart furniture market report size, by application, 2016-2028 (US$M)

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