School Furniture Market: Global Industry Trends, Growth, Share, Demand and Forecast Till 2023

Global School Furniture Market Research Share, Size, Trends, Growth and Forecast Till 2023

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Report Description and Highlights

Report Description

School Furniture Market Report By Product (Desk & Chairs, Storage, Lab Equipment and Others), Material (Wood Based, Metal Based, Plastic Based and Others), Region The global school furniture market has grown at a healthy rate over the recent years. Various factors such as the rising demand for better furniture in schools, adoption of portable furniture for flip classrooms and initiatives from several government organisations to support education are driving the market growth.

Market Overview: School furniture plays an important role in forming a dynamic learning environment which is beneficial for the physical health of the students. It is generally manufactured from metal, wood or plastic which provide comfortability to the children and teachers. Modern methods incorporate varied styles of teaching which necessitates the use of adaptable furniture. For instance, the introduction of portable furniture in the recent years has helped in performing group activities and organizing classrooms to provide a functional educational environment. According to the latest report by IMARC Group, titled “School Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023�, estimates that the global school furniture market was worth US$ 4 Billion in 2017, registering a CAGR of 7.5% during the year 2010-2017. The report further anticipates the market value to reach around US$ 6 Billion by 2023, at a projected CAGR of 6.7% over the forecast period.

Report Description and Highlights

Report Description

Global School Furniture Market Drivers/Constraints: • • • •

The key growth-inducing factor of the school furniture market is the constant demand for ergonomically designed furniture so as to prevent health problems in students and teachers, and to create a comfortable learning environment.

The introduction of interactive and dynamic teaching styles, such as flip classrooms and blended learning, has increased the demand for portable furniture with easy reconfiguration, in turn, stimulating the growth of the school furniture market across the globe.

The governments of various nations are taking initiatives to improve their literacy rate and encourage education. As a result of this, there has been a rise in the number of schools which has propelled the growth of the global school furniture market.

There are several factors that hamper the market growth. The transportation cost involved for transferring raw materials and finished goods to the required places is high. Apart from this, shortage of high-quality raw materials also deters the growth of the school furniture market.

School Furniture Market Segmentation: Market Breakup by Product Request for a free sample copy: https://www.imarcgroup.com/request?type=report&id=871&flag=B

Market Forecast

Sample Figure: Global: School Furniture Market Forecast: Sales Value (in Billion US$), 2018-2023

184.3

191.7

199.3

207.3

2018

2019

2020

2021

215.6

224.2

2022

2023

Market Segmentation

Report Description • • • •

Desk and Chairs Storage Lab Equipment Others

On the basis of product type, desks and chairs represent the most popular type of school furniture, accounting for around a half of the total market share. Desks and chairs are followed by storage and lab equipment.

Market Segmentation by Region • • • • •

Asia Pacific North America Europe Middle East and Africa Latin America

On the geographical front, North America enjoys the leading position in the global school furniture market owing to the increasing focus on the comfort and flexibility offered by furniture so as to boost the learning experience for the students. North America is followed by Europe, Asia Pacific, Middle East and Africa, and Latin America.

Regional Segmentation

North America

Europ e

Asia- Pacific

Latin America

Middle East and Africa

Market Segmentation

Report Description Market Breakup by Material

• Wood Based • Metal Based • Plastic Based • Others On the geographical front, North America enjoys the leading position in the global school furniture market owing to the increasing focus on the comfort and flexibility offered by furniture so as to boost the learning experience for the students. North America is followed by Europe, Asia Pacific, Middle East and Africa, and Latin America.

Competitive Landscape: The global school furniture market is fragmented as the industry consists of a large number of large and small players, both at the global and regional levels. Some of the leading players operating in the market are: •

Herman Miller

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Market Segmentation

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HNI Corporation Steelcase Knoll, Inc. Smith System

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