School Furniture Market– Statistics And Analysis & Forecast To 2025Posted by Mrudula Anil Karmarkar on February 9th, 2022 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 the 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. The 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. The introduction of various raw materials for the 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 a considerable rise. For instance, CBT Supply Dba Smartdesks creates smart chairs and tables with stackable options and multi-functional applications for classrooms and offices. 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. The introduction of swivel chair designs with ergonomic features has been a recent addition in many schools, looking to replace traditional chairs. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/school-furniture-market/request/rs1 Asia Pacific is expected to register the fastest growth in the market, exhibiting a CAGR of 7.1% from 2019 to 2025. The rising culture of private education in developing countries, owing to the 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. School Furniture Market Report Highlights
The growing trend of ergonomic furniture for comfortable seating has promoted the demand for flexible school furniture. There has also been a rising demand for multi-functional tables and chairs that can be used in classrooms, laboratories, and libraries, among others. Numerous raw materials are being introduced for the production of furniture and these new materials have proven to be more stable, durable, and sustainable than traditional ones. This has played a key role in market growth. For instance, manufacturers have been using materials such as molded plastic, processed or engineered wood, and high-pressure laminate to make tables, chairs, and benches for schools and classrooms. Furniture with additional storage options acts as a space-saving tactic in smaller, more compact classrooms, and demand for the same has witnessed a considerable rise in recent years. For instance, CBT Supply Dba Smartdesks creates smart chairs and tables with stackable options and multi-functional applications for classrooms and offices. The growing construction of schools, especially in developing countries, has significantly contributed to market growth. According to ISC Research, a prominent supplier of international school data, there were roughly 10,300 English-medium international schools across the globe in January 2019, with 5.6 million students enrolled. A paper by RMIT University in Melbourne finds that the total number of students in higher education will increase from 216 million in 2016 to approximately 380 million by 2030. Student enrollment in emerging economies such as China, Saudi Arabia, and India will continue to increase, making the Asia Pacific and Middle East immensely lucrative markets for school furniture. Grand View Research has segmented the global school furniture market by product, application,: School Furniture Product Outlook (Revenue, USD Million, 2015 - 2025)
School Furniture Application Outlook (Revenue, USD Million, 2015 - 2025)
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. For More Information:www.grandviewresearch.com Like it? Share it! More by this author |