[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.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
School Furniture Market: Strategic Insights
Market Size Value in US$ 5,047.95 Million in 2021 Market Size Value by US$ 7,363.94 Million by 2028 Growth rate CAGR of 5.6% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2021
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
School Furniture Market: Strategic Insights
| Market Size Value in | US$ 5,047.95 Million in 2021 |
| Market Size Value by | US$ 7,363.94 Million by 2028 |
| Growth rate | CAGR of 5.6% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
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.
School Furniture Market Share, by Material Type, 2021 and 2028
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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.
Company Profiles
- Fleetwood Furniture
- Herman Miller, Inc
- KI
- Steelcase Inc.
- Virco, Inc.
- Scholar Craft
- Global Furniture Group
- Educan
- Ven-Rez
- Mitybilt
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
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.
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.
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 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 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to School Furniture Market
Oct 2022
Nicotine Pouches Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis By Strength (Less than 6 mg/g, 6 mg/g to 12 mg/g, and More than 12 mg/g), Flavor [Original/Plain, and Flavored (Mint, Berry, Citrus, Fruity, Others)], Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)
Oct 2022
Housewares Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Product Type (Cookware and Bakeware, Tableware, Kitchen Appliances, Bathroom Essentials, and Others) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
Oct 2022
False Hair Products Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Product Type (Hair Extension, Hair Wig, and Hair Pieces), Material (Human Hair and Synthetic Hair), End User (Men, Women, and Kids), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
Oct 2022
Mosquito Traps Market
Forecast to 2030 - Global Analysis by Product Type (Electric Shock Mosquito Killer, Photocatalytic Mosquito Killer, and Sticky Trap Mosquito Killer), Category (Outdoor and Indoor), Distribution Channel [Direct Sales (Direct Offline Sales and Direct Online Sales) and Retail Sales (Supermarkets & Hypermarkets, Specialty Stores, Online Retail, and Others)]
Oct 2022
Wicket Mailer Envelopes and Bags Market
Forecast to 2028 - COVID-19 Impact and Global Analysis By Material Type {Plastic [Polyethylene (PE), Polypropylene (PP), Polyethylene Terephthalate (PET), and Others] and Paper}, Product Type (Poly Wicket Bags, Paper Wicket Bags, Poly Wicket Mailers, and Paper Wicket Mailers), and End Use (Banking & Financial Services, Courier & Logistics, Retail, and Others)