School furniture market forecast in GCC
Technavio’s market research analyst predicts the school furniture market in GCC to grow at a CAGR of more than 15% by 2020. Vendors in this market are offering furniture as a bundled product coupled with other products and services. They are providing integrated solutions to schools to design their classroom infrastructure as per the learning methodologies implemented. For instance, Moon Kids designs classroom spaces and manages delivery and branding of furniture. Such integrated solutions help the educational institutions to deploy various new teaching methods and provide a conducive learning environment. These factors aid in school furniture market growth.
An interesting trend gaining grounds in the market is the increase in online retailing of school furniture. Several furniture manufacturers such as Moon Kids and The Seating Solution are making their products available online to customers at varied prices. The online sales channel helps vendors to extend their reach to other regions without any physical presence. Also, the vendors are offering various discounts and offers which have accelerated the online purchase of furniture in the region.
School furniture market in GCC segmentation by product
- Seating
- Storage
- Lab equipment
The seating segment will dominate the market during the forecast period and is expected to occupy more than 63% by 2020. The segment consists of ergonomic chairs, tables, benches, and other seating facilities in the school. The growing adoption of advanced hardware in classrooms has triggered several schools to opt for modern school furnitures such as appropriate adjustable chairs and desks. Vendors are coming up with various new types of seating furniture that include foldable tables and detachable chairs. The growing demand for desktop tables with the attached chair will boost revenues in the market in the coming years.
Segmentation by countries and analysis of school furniture market in GCC
- UAE
- Saudi Arabia
- Qatar
- Kuwait
- Oman
- Bahrain
During 2015, the UAE dominated the school furniture market in GCC and accounted for around 32% of the total market share. It is the most developed education market in GCC and has become a preferred educational destination for students across the globe. This has pushed for the establishment of more high-end private schools in the country. With growing investments in educational technologies and advanced education hardware, international schools in the country are procuring suitable furniture, which will positively aid in the market’s growth in the region.
Competitive landscape and key vendors
The market is highly fragmented with the presence of many global and regional players who compete on the basis of product offerings and prices. 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.
Key vendors in the market include
- Intermetal
- Mahmayi Office Furniture
- Steelcase
- Technical Furniture
- VS Furniture
Other prominent vendors in the school furniture market in GCC are EDUMAX, EduPark, TM Lab Systems, Knoll, and Najmi Furniture.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the school furniture market in GCC market?
- What are the key market trends impacting the growth of the school furniture market in GCC?
- What are the challenges to market growth?
- Who are the key vendors in the school furniture market in GCC?
- What are the market opportunities and threats faced by the vendors in the school furniture market in GCC?
- Trending factors influencing the market shares of the GCC region.
- What are the key outcomes of the five forces analysis of the school furniture market in GCC?
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