The scope of our recent study on the "School Furniture Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Material Type (Wood, Metal, Plastic, and Others), Product Type (Benches and Chairs, Desks and Tables, Storage Units, and Others), and Distribution Channel (Specialty Stores, Online Retail, and Contracts/Bids)" includes the factors fuelling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.
The school furniture market was valued at US$ 5,047.95 million in 2021 and is projected to reach US$ 7,363.94 million by 2028; it is expected to grow at a CAGR of 5.6% from 2021 to 2028.
The role of school furniture in promoting a healthy learning environment cannot be overemphasized. It not only enhances the visual appeal of the classroom but also offers comfort and convenience to teachers and students. As a valuable asset of any educational institution, school furniture is designed to be durable and lightweight, making them suitable for both indoor and outdoor use. Unlike furniture used in homes, offices, and other commercial spaces, school furniture is easy to store and clean. Market players are striving to outcompete each other by offering high-quality products, competitive prices, and unique features. The global school furniture market is categorized by material type, product type, distribution channel, and geography.
The global school furniture market is classified into different material types, including wood, metal, plastic, and others. Among these, the wood segment held the largest market share in 2021, primarily due to the high production output of wooden products compared to other materials. Additionally, wood has traditionally been considered the preferred material for furniture production, resulting in a higher rate of wood consumption for school furniture. On the other hand, the plastic segment is expected to experience the fastest growth during the forecast period. This is because there is a rising demand for lightweight and affordable materials in the school furniture industry, which has led to the adoption of plastic in modern furniture designs instead of heavy metals. Furthermore, due to the high-performance properties of plastic materials, the demand for plastic furniture is expected to increase significantly in the coming years.
The global school furniture market is categorized into five regions, namely North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. North America dominates the market in terms of revenue in 2021 due to the region's favorable policies that support manufacturing and trade. Furthermore, the growth of the education infrastructure and the high adoption of hybrid technology in the region drive the market growth. Educational institutions in North America are emphasizing the importance of ergonomic classroom furniture that adapts to the age group and height of students, leading to a surge in demand for flexible furniture. Key players in the market are investing in innovative technology and introducing new products, which also contributes to the market's growth in the region.
Impact of COVID-19 Pandemic on School Furniture Market
The COVID-19 pandemic had a severe impact on the global economy, and several governments implemented country-wide lockdowns to contain the spread of the virus. As a result, industrial sectors, including construction and furniture, experienced growth impediments. Procurement of school furniture became challenging for industry leaders due to supply chain disruptions, leading to increased costs. The manufacturing industry across the globe faced a significant decline in the production process during the pandemic. However, as schools resumed post-pandemic, there was a noticeable demand for school furniture from educational institutions.
The report includes the segmentation of the global school furniture market as follows:
The material type segment for global school furniture market includes into wood, metal, plastic, and others. The product type segment of global school furniture market is segregated into benches and chairs, desks and tables, storage units, and others. Based on distribution channel, the global school furniture market is categorized into specialty stores, online retail, and contracts/bids. By geography, the global school furniture market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The global school furniture market in North America is further segmented into the US, Canada, and Mexico. The global school furniture market in Europe is sub segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The global school furniture market in Asia Pacific is analysed based on China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the MEA is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The global school furniture market in South & Central America is studied based on Brazil, Argentina, and the Rest of South & Central America.
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