Global School Furniture Market Overview:
Since students spend a large amount of time in schools, thus the selection of school furniture plays an important role in creating an effective and high-performance learning environment. Unsuitable and uncomfortable desks and chairs used in classrooms can have adverse effects on the students’ as well as teachers’ wellness. Creating learning environments that keep students focused and comfortable has become one of the primary goals of the 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 a necessity. The Global School Furniture market is expected to reach a value of US$ XX Million by 2023, growing at a CAGR of around XX% during 2018-2023.
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Global School Furniture Market Drivers and Restraints:
Growing demand for ergonomically designed furniture in order to prevent health and posture problems in children represents the key factor driving the market. The global school furniture market is highly fragmented because of the presence of numerous small and large suppliers. The providers in this market compete on the basis of price and product differentiation to gain maximum market traction. In this market, the vendors are increasingly diversifying into the education sector by introducing innovative furniture that foster learning and comfort. The demand for modern furniture is also growing rapidly due to the recent change in teaching methodologies. Present day teaching involves students through collaborative and social learning methods. Hence, to organize classrooms and support group activities, the furniture should be portable. This increase in the demand for portable furniture will bolster the prospects for growth in this market during the forecast period.
The players in the market are expected to face intense competition owing to increased product extensions and the emergence of online retailers. To gain a competitive edge over their peers, several vendors are offering packaged deals or bundled products to their customers. As the classroom furniture has gained traction in the education sector, the manufacturers are focusing on designing tables, chairs, and desks for students.
Global School Furniture Market Geographical Segmentation:
The School Furniture Market is geographically segmented into Middle East and Africa, Latin America, Europe and Asia Pacific. At present, North America dominates the global school furniture market and is expected to grow at a CAGR of approximately 11% during the forecast period.
Key Players Listed in this Global School Furniture Market are:
The major players of school furniture market are Herman Miller, HNI Corporation, Steelcase, Knoll, Inc., and Smith System.
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