Know More About “School Furniture Market 2019-2025” Growth Worldwide…..|Grand View Research, Inc.
The global school
furniture market size is anticipated to reach USD 6.2 billion by 2025, according to a new report by Grand View
Research, Inc., expanding at a CAGR of
6.0% over the forecast period. Increasing focus on the educational sector
across rural and urban areas and compulsory basic education schemes provided by
governments around the world are affecting the growth of the market.
Furthermore, increasing construction of schools in developing regions has
contributed to market growth. According to ISC Research, a prominent supplier
of international school data, there were just under 10,300 English-medium
international schools across the globe in January 2019, with 5.6 million
students enrolled.
Growing
trend of ergonomic chairs for comfortable seating has promoted the demand for
flexible classroom furniture. Demand for multi-functional tables and chairs
that can be used in classrooms, labs, and libraries, among others is also on
the rise. Introduction of various raw materials for production of furniture
that is more stable, durable, and sustainable has played a key role in market
growth. For instance, manufacturers have been making tables, chairs, and
benches with materials such as molded plastic, processed or engineered wood,
and high-pressure laminate. Demand for space-saving furniture with storage
options in classrooms has witnessed considerable rise. For instance, CBT Supply
Dba Smartdesks creates smart chairs and tables with stackable options and
multi-functional applications for classrooms and offices.
Top players
operating in the school furniture market include Fleetwood Group; Scholar Craft; VS America, Inc.; Smith System Mfg.
Co; Knoll, Inc.; Haworth Inc.; VITRA INTERNATIONAL AG.; Virco; Office Line; and
MOBeduc.
Browse Research
Report On school furniture Market:
In terms of
product, the seating category dominated the market with a share of 51.3% in
2018. This can be attributed to features such as wider application than other
pieces of furniture, high durability, and the ability to add mobility and
functionality. In addition, growing demand for chairs and tables on castors,
which helps to easily rearrange furniture, has fueled segment growth. By
application, classrooms accounted for the largest revenue share of 79.9% in
2018. Increasing student enrolment in schools across the globe has upped the
need for chairs and tables in classrooms. Introduction of swivel chair designs
with ergonomic features has been a recent addition in many schools, looking to
replace traditional chairs.
Further key findings from the report suggest:
·
By product, the seating segment
dominated the market with a share of 51.3% in 2018. This can be attributed to
features such as wide application, high durability, and the ability to add
mobility and functionality
·
By application, classrooms accounted for
the largest revenue share of 79.9% in 2018. Increasing student enrolment in
schools across the globe has upped product demand
·
Asia Pacific is expected to register
the fastest growth in the market, exhibiting a CAGR of 7.1% from 2019 to 2025.
Rising culture of private school education in developing countries is a key
factor driving the regional market
Asia Pacific
is expected to register the fastest growth in the market, exhibiting a CAGR of
7.1% from 2019 to 2025. Rising culture of private education in developing
countries, owing to better quality of education and facilities as well as focus
on numerous extracurricular activities, is fueled by growing disposable income
and improving lifestyle. This is projected to have a positive impact on the
demand for classroom furniture. For instance, private schools in China
accounted for more than 35.0% of total schools in the country, reaching a total
of 183,500 schools in 2018.
Introduction
of quality and safety regulations when it comes to classroom furniture, such as
the British Engineering Standards Association (BESA), are promoting consumer
confidence in these products. Leading suppliers of school furniture in U.K. are
members of BESA and are committed to improve the quality and safety of
classroom furniture. Such bodies ensure these products are properly shaped,
sized, and developed in order to prevent long-term damage to a child’s back and
posture.
Browse Press
Release of this report:
Grand
View Research has segmented the global school furniture market by product,
application,:
School Furniture Product Outlook (Revenue, USD Million,
2015 - 2025)
·
Seating Furniture
·
Storage Units
·
Lab Furniture
·
Others
School Furniture Application Outlook (Revenue, USD
Million, 2015 - 2025)
·
Classroom
·
Library & Labs
·
Others
By
application, classrooms accounted for the largest revenue share of 79.9% in the
school furniture market in 2018. Increasing innovation in raw materials for
production of classroom furniture has resulted in greater attention toward
collaborations, reconfigurations, and ergonomically derived furniture for
classrooms. Increasing student enrolment in schools across the globe has upped
the need for chairs and tables in classrooms.
Introduction
of swivel chair designs with ergonomic features has been a recent addition in
many schools, looking to replace traditional chairs. For instance, Steelcase
Inc.’s Node chairs offer smart solutions in the classroom furniture arena. The
Node school chairs are immensely mobile, allowing students to rearrange their
seating depending upon lesson plans, thereby ensuring classes are more
interactive and collaborative. The base of these chairs has space for storing
personal belongings and the adjustable worksurface is ideal for students of all
sizes and ages.
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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