Global School Furniture Market Share, Size, Growth, Trends, Report and Forecast 2018-2023
The global school furniture market has been witnessing a steady growth over the past few years.
This can be attributed to the rising demand for portable and adjustable furniture, and creating versatile and enjoyable learning environments for the students. The latest report by IMARC Group, titled “School Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the global school furniture market reached a value of US$ 4 Billion in 2017. Classrooms have evolved from static physical spaces into a dynamic learning environment, thus school furniture is designed in a way that is considered effective for human use and beneficial for physical health. It is made from various materials such as wood, plastic or metal, which makes them comfortable for school children and allows them to work with their full potential and concentration. Furniture should be portable and suitable to support group activities and organize classrooms to enable the students for long lasting and functional educational environment.
Highlights of the global school furniture market:
Furniture’s functional role in the prevention of health and posture problems in classrooms are expected to be the major market drivers.
Desks and chairs represent the most popular product type, accounting for the majority of the total share.
North America dominates the global school furniture market, holding the largest share globally.
Carrying heavy school bags, and using unsuitable and uncomfortable desks and chairs in classrooms can have an adverse effect on the health of the students and teachers. This has created a demand for ergonomically designed furniture which provides a convenient and flexible learning environment to the students and prevents health and posture problems amongst them. Further, technological advancements are expected to encourage the schools to adopt innovative furniture options, such as technology-enabled tables which are portable and adjustable. Owing to these factors, the global school furniture market is anticipated to reach a value of US$ 5.9 Billion by 2023, exhibiting a CAGR of around 6.7% during 2018-2023.
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On the basis of product type, the global school furniture market is segmented into desks and chairs, storage, lab equipment and others. Currently, desks and chairs represent the most popular product type. Based on material, the market is segmented into wood based, metal based, plastic based and others. Region-wise, North America accounts for the majority of the total global share, representing the largest market for school furniture. It is followed by Europe and Asia Pacific. Other major regions include the Middle East and Africa, and Latin America. On evaluating the competitive landscape of the market, it is found that the key players include Herman Miller, HNI Corporation, Steelcase, Knoll, Inc., and Smith System.
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The report by IMARC Group has examined the global school furniture market on the basis of:
Desks and Chairs
Major Key Players:
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