Smart Bed Market Summary

The global smart bed market size was estimated at USD 2.55 billion in 2022 and is projected to reach USD 3.45 billion by 2030, growing at a CAGR of 3.8% from 2023 to 2030. Growing expenditures in sleep technology, supported by improved living standards and increasing health awareness, have driven the need for smart beds. The sector is also being propelled by the rising adoption of smart homes, where consumers prefer connected and technologically advanced solutions for improved comfort and lifestyle.

Rising awareness regarding the importance of quality sleep has encouraged significant investment in advanced sleep technologies. These beds, equipped with innovative features such as sleep tracking, temperature control, and adjustable support systems, are increasingly being integrated into modern households. Over the forecast period, these factors are expected to positively influence the overall industry size.

The pandemic accelerated the trend of treating bedrooms as multifunctional spaces. With homeowners spending more time indoors, many began using their beds as both personal relaxation zones and workstations. This led to an increased focus on comfort and wellness, which drove demand for smart beds. Real estate growth and rising renovation expenses further contributed to market expansion. According to a Houzz survey, home renovation costs rose by 15% in the last year, reflecting consumers’ willingness to invest in enhancing living spaces. This, in turn, boosted demand for smart beds across both residential and non-residential sectors.

Key Market Trends & Insights

• North America dominated the market with a share of around 60% in 2022, primarily due to high consumer awareness, strong purchasing power, and widespread adoption of smart home technologies.
• The Asia Pacific market is expanding at a steady CAGR of 3.2% from 2023 to 2030, driven by increasing urbanization, rising disposable incomes, and growing interest in home automation products.
• In terms of revenue, specialty stores dominated the distribution channel with a share of 60.63% in 2022, as consumers prefer physical stores to test comfort and features before purchase.
• Based on sales channel, the B2C segment dominated the market for smart beds, accounting for the largest revenue share of around 75% in 2022, supported by direct sales through online platforms, retail outlets, and brand-specific stores.

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Market Size & Forecast

• 2022 Market Size: USD 2.55 Billion
• 2030 Projected Market Size: USD 3.45 Billion
• CAGR (2023-2030): 3.8%
• North America: Largest market in 2022

Key Companies & Market Share Insights

The market is characterized by the presence of a few established players and new entrants. Many big players are increasing their focus on the growing trend of smart beds. Players in the market are diversifying their service offerings to maintain market share.

• For instance, in August 2020, Hi Interiors Srl introduced a four-poster bed connected with intriguing features such as HiAm to promote fun and well-being in the bedroom. The HiAm bed has a 70-inch screen, an audio system, ambient reading lights, and a 4K projector for entertainment while you're in bed.
• In January 2021, Corsicana Mattress Co. partnered with Retail Service Systems (RSS) to introduce Sleep2Win smart beds to customize sleep patterns

Key Players

• PARAMOUNT BED CO., LTD.
• Arjo AB
• Sleep Number Corporation
• Ascion, LLC.
• LINET spol. s r.o.
• Hi-Interiors srl
• Stryker Corporation
• The BodiTrak
• Hill Rom Holdings Inc.
• Invacare Corporation

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Conclusion

The global smart bed market is witnessing steady growth, fueled by rising consumer focus on wellness, increasing integration of smart technologies in households, and a greater demand for comfort-oriented lifestyle products. While North America continues to lead due to early adoption and strong spending capacity, Asia Pacific is emerging as a promising market with growing interest in sleep technology and home automation. Specialty stores and B2C sales channels remain the primary contributors to revenue, highlighting the importance of consumer-driven demand. Over the coming years, smart beds are expected to play a vital role in enhancing sleep quality, promoting healthier lifestyles, and reshaping modern living spaces.