[Research Report] The global school furniture market was valued at US$ 5,047.95 million in 2021; it is expected to grow at a CAGR of 5.6% from 2022 to 2028.
School furniture that includes bookshelves, lockers, cupboards, display boards, desks, chairs, filing and storing cabinets, and lab equipment is manufactured using sturdy, user-friendly, and high-quality materials, such as wood, metals, medium-density fiber (MDF) board, and plastics. School furniture is designed in a way that ensures both physical and mental well-being, allowing students to focus on studies with full potential. It also aids in enhancing both teachers' and students' flexibility and overall productivity while transforming the physical space into a dynamic learning environment.
Growing demand for ergonomically designed furniture to prevent health and posture problems in children is the key factor driving the market. Creating learning environments that keep students focused and comfortable has become one of the primary goals of educators, thereby positively influencing the global school furniture market. With the new age of comprehensive, interactive, and dynamic teaching styles such as blended learning and flip classrooms, portable and adjustable furniture with easy reconfiguration has become necessary.
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School Furniture Market: Strategic Insights
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School Furniture Market: Strategic Insights
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Moreover, several raw materials are being introduced for furniture production, and these distinct materials have proven to be more sustainable, durable, and stable than traditional ones, thereby adding impetus to the market growth. Producers use materials such as processed or engineered wood, molded plastic, and high-pressure laminate to make benches, chairs, and tables for classrooms and schools. Furniture with additional storage options acts as a space-saving tactic in smaller, compact classrooms, and demand for the same has observed a significant rise in recent years. For instance, CBT Supply Dba Smartdesks produces smart tables and chairs with stackable options and multi-functional applications for classrooms and offices. Hence, the increasing demand for flexible furniture will boost the market growth over the forecast period.
Market Insights
Growing Construction of Schools
Construction of schools across the globe is expected to increase, owing to rapid growth in population. Rising focus on the educational sector across urban and rural areas and compulsory primary education schemes provided by governments across the globe are propelling the growth of the construction of schools. According to the Center on Budget and Policy Priorities, in 2018, around US$ 98.9 billion across North America was spent on education infrastructure projects, which indicates almost a 10% spending increase since 2017. With increasing school facilities, over-crowded classrooms, changes in building safety codes, and technological advances globally, officials face dilemma to either invest in new infrastructure or upgrade the existing ones. Governments and societies across the globe are striving to develop their education systems and ensure that all students have the opportunity to go to school and acquire the skills and knowledge required to lead productive and healthy lives. To improve educational quality, education infrastructure should be upgraded.
Moreover, growth in the enrolment of students across the globe has boosted the demand for classroom tables and chairs as they are necessary for the school to function. An increase in the adoption of unconventional raw materials for classroom furniture is leading to renovations, collaborations, and ergonomically derived furniture for classrooms. Several schools are progressively replacing traditional school furniture with aesthetically appealing infrastructure to make the classroom environment pleasant. The introduction of swivel chairs with ergonomic features has been a recent addition to many schools.
Material Type Insights
Based on material type, the school furniture market is segmented into wood, metal, plastic, and others. In 2021, the wood segment dominated the school furniture market.
Fleetwood Furniture; Herman Miller, Inc; KI; Steelcase Inc.; Virco, Inc.; Scholar Craft; Global Furniture Group; Educan; Ven-Rez; and Mitybilt are among the key players operating in the school furniture market. Leading players are adopting various strategies, such as mergers and acquisitions and product launches, to expand their geographic presence and consumer base.
Report Spotlights
- Progressive trends in the school furniture industry to help players develop effective long-term strategies
- Business growth strategies adopted by companies to secure growth in developed and developing markets
- Quantitative analysis of the school furniture market from 2021 to 2028
- Estimation of the demand for school furniture across various industries
- PEST analysis to analyze the Political, Economic, Socio-Cultural, and Technological changes in the business environment
- Recent developments to understand the competitive market scenario and the demand for school furniture
- Market trends and outlook coupled with factors driving and restraining the growth of the school furniture market
- Strategies that underpin commercial interest with regard to the school furniture market growth, aiding in the decision-making process
- The school furniture market size at various nodes of market
- Detailed overview and segmentation of the school furniture market, as well as its industry dynamics
The "School Furniture Market Forecast to 2028" is a specialized and in-depth study of the chemicals & material industry, focusing on the school furniture market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The school furniture market is categorized on the basis of material type, product type, and distribution channel. Based on material type, the market is segmented into wood, metal, plastic, and others. Based on product type, the market is bifurcated into residential and commercial & industrial. In terms of distribution channel, the market is divided into specialty stores, online retail, and contracts/bids.
School Furniture Market Regional Insights
School Furniture Market Regional Insights
The regional trends and factors influencing the School Furniture Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses School Furniture Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for School Furniture Market
School Furniture Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 5.05 Billion |
| Market Size by 2028 | US$ 7.36 Billion |
| Global CAGR (2021 - 2028) | 5.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Material Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Market Players Density: Understanding Its Impact on Business Dynamics
The School Furniture Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the School Furniture Market are:
- Fleetwood Furniture
- Herman Miller, Inc.
- KI
- Steelcase Inc.
- Virco, Inc.
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the School Furniture Market top key players overview
Company Profiles
- Fleetwood Furniture
- Herman Miller, Inc
- KI
- Steelcase Inc.
- Virco, Inc.
- Scholar Craft
- Global Furniture Group
- Educan
- Ven-Rez
- Mitybilt
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material Type, Product Type, and Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The major players operating in the global school furniture market are Fleetwood Furniture; Herman Miller, Inc; KI; Steelcase Inc.; Virco, Inc.; Scholar Craft; Global Furniture Group; Educan; Ven-Rez; and Mitybilt.
In 2021, North America held the largest share of the global school furniture market. The rise in the educational infrastructure would cater the demand of school furniture in the region. The region is also flourishing owing to presence of manufacturing facilities.
The wood segment held the largest market share. Wooden furniture is the most popular in schools, owing to the high manufacturing output of wooden products in comparison to other materials. Moreover, wood is conventionally looked at as the most preferred material for furniture production.
The benches and chairs segment held the largest market share. School chairs vary in design and are primarily made of wood, metal, and synthetic plastic materials. Folding chairs, rocking chairs, loungers, and many others are quite popular among customers.
Asia Pacific is estimated to register the fastest CAGR in the global school furniture market over the forecast period. Many Asia Pacific countries, such as China and India, are the world's fastest-growing populations. With a growing population construction and school furniture material are growing rapidly in Asia Pacific.
The contracts/bids segment held the largest share of the market in 2021. Most of the schools organize bids for school furniture. The companies can be given a contract for vendor ship, replacement, or repair based on the contract signed between the schools and them.
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The List of Companies - School Furniture Market
- Fleetwood Furniture
- Herman Miller, Inc.
- KI
- Steelcase Inc.
- Virco, Inc.
- Scholar Craft
- Global Furniture Group
- Educan
- Ven-Rez
- Mitybilt
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