School Furniture Industry, Leaders Analysis, Growth, Trends, and Emerging Technology Forecast to 3032

The global school furniture Industry size will witness a notable gain due to increasing investments in the education sector across rural and urban areas. Schools have exhibited profound traction for flexible chairs owing to concerns over children’s posture. School furniture manufacturers could inject funds into eco-friendly products amidst global warming concerns.

The global school furniture Industry size was valued at USD 4.25 billion in 2023. The Industry is projected to grow from USD 4.49 billion in 2024 to USD 7.35 billion by 2032, exhibiting a CAGR of 6.36% during the forecast period. Asia Pacific dominated the School Furniture Industry with a Industry share of 35.06% in 2023.

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Segments-

In terms of product type, the Industry is segmented into lab furniture, seating furniture and storage unit. With respect to the end-use, the industry is segregated into the library, laboratory and classroom. On the basis of material use, the Industry is classified into stainless steel, plastic and wood. From the geographical ground, the industry covers Europe, North America, Asia Pacific, the Middle East & Africa and South America.

Report Coverage-

The research report offers insights into industry dynamics redefining the global landscape. The report delves into drivers, opportunities, restraints and trends to provide a holistic Industry view. The report is prepared through primary sources, including interviews with directors and executives and qualitative and quantitative analyses. The report also provides secondary resources, such as press releases, annual reports, white papers and journals. The report also delves into pre-and post-COVID-19 outlooks to provide a holistic view of the global Industry.

Drivers and Restraints- 

Advancements in Seating Furniture to Boost Growth Potentials

Industry participants expect seating furniture to gain traction across emerging and advanced economies. School furniture Industry growth will witness an upward trajectory on the back of chairs and tables in classrooms, administration offices, libraries and laboratories. Some factors, such as functionality, mobility and increased durability, will encourage stakeholders to invest in the landscape. Besides, the trend for ergonomically designed furniture and a spike in student enrollment in schools have solidified the position of leading companies gearing to bolster their portfolios. However, environmental restrictions could impede the industry growth over the next few years.

Regional Insights

Asia Pacific to Witness Investment Galore with Trend for Private Education

The Asia Pacific could emerge as a lucrative destination for school furniture manufacturers and suppliers. The trend is mainly attributed to the need for a better quality of education across emerging economies, including China and India. Rising discretionary income could underpin the regional outlook over the next few years. Stakeholders are expected to envisage Asia Pacific as a promising hub to propel their portfolios.

Stakeholders anticipate North America school furniture Industry share to gain traction with profound investments in technologically advanced products. The reopening of international schools in the U.S. and Canada propelled the demand for luxury, advanced and multi-functional school furniture. The trend for ergonomically designed chairs and the table will boost regional growth over the next few years.

Competitive Landscape-

Stakeholders Prioritize Strategic Approaches to Boost Portfolios

Leading players could inject funds into R&D activities, product launches, innovations, and collaboration to boost their competitive edge in the global Industry. Besides, stakeholders are expected to invest in ergonomic design and advancements in chairs, tables and benches to bolster their presence across untapped areas. Industry players will continue to invest in organic and inorganic strategies to expand their presence globally.

Some of the Leading Companies Profiled in the Industry:

• Vitra International AG (Switzerland)
• Fleetwood Group (U.S.)
• Haworth Inc. (U.S.)
• Smith System Mfg. Co (U.S.)
• Knoll, Inc. (U.S.)

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