Global Preschool Furniture Market 2017-2021

Preschool furniture market analysis

Technavio’s market research analyst predicts the global pre-school furniture market to grow steadily at a CAGR of around 4% by 2021. One of the primary drivers for this market is the rise in the awareness about child development in preschools. Also, numerous regional players and entrepreneurs are coming up with new concept schools or taking franchises from various national and international brands and opening new schools. These advancements will increase the number of preschools, which in turn will propel the growth of the global preschool furniture market during the forecast period.

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Preschool furniture market trends

One of the latest trends gaining traction in this market is the exponential increase in the adoption of e-commerce across the globe. Companies can opt for click and mortar business model (i.e., selling products from both physical stores and their web portal) rather than can selling goods in collaboration with other e-commerce portals. This helps companies to have a wider and diversified market, and it reduces their cost of opening stores in different locations and reduce their distribution cost. The advantages of this business model have gained tremendous popularity over the past few years. Also, this has increased the consumer base for e-commerce, which in turn will propel the growth of the global preschool furniture market in the coming years. 

Preschool furniture market vendors: Competitive landscape

The global preschool furniture market is highly fragmented with the presence of several global and regional players because of the diversified segments. Based on product differentiation and pricing, the competition among the market vendors is intense. Moreover, the competition is expected to intensify further owing to increased product extensions in the market space.

Leading vendors in the market are

• Gonzagarredi Montessori
• Jonti-Craft
• Smith System
• Virco
• VS

Preschool furniture industry: Segmentation and analysis by product type

• Tables
• Seating

During 2016, the seating segment dominated the preschool furniture market and accounted for a major part of the overall market share. Factors such as the increased significance of the variety of seating solutions and its inherent requirement are the key factors for the dominance of this segment in the global market.

Preschool furniture market report based on geography

• APAC
• EMEA

In this market study, analysts have estimated the APAC to dominate the preschool furniture market during the forecast period. This high growth in the number of private pre-schools in countries like India and China is the key to the growth of preschool furniture market in the region.

Key questions answered in the report include

• What will the preschool furniture market size and the growth rate be in 2021?
• What are the key factors driving the global preschool furniture market?
• What are the key market trends impacting the growth of the global preschool furniture market?
• What are the challenges to market growth?
• Who are the key vendors in the global preschool furniture market?
• What are the market opportunities and threats faced by the vendors in the global preschool furniture market?
• Trending factors influencing the market shares of the APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global preschool furniture market?

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