Vendors are offering eco-friendly and green solutions for storage equipment, seating, and laboratory furniture due to the rising demand for such furniture for modern classrooms. Modern classrooms also include technically equipped and safe furniture and this has encouraged organizations to come up with regulations to improve the standards of local school furniture management and procurement processes. Our research analysis on the global school furniture market has identified the introduction of stringent environmental regulations as one of the major factors that will have a positive impact on this market’s growth in the coming years. This will induce manufacturers to focus on the development of furniture that can be recycled and reused. Technavio’s market research analysts have predicted that this market will grow at a CAGR of almost 17% by 2021.
The rising importance of multipurpose furniture will be one of the key trends that will gain traction in the school furniture market during the next few years. The vendors are focusing on creating an immersive learning environment for students by introducing multipurpose seating and library furniture. With the adoption of these types of furniture, the rate of collaborative and group-based activities in classrooms will subsequently increase. Nova Solutions offers multipurpose tables that provide a convenient and flexible learning environment.
School furniture market size: Competitive landscape and key vendors
The school furniture market is highly fragmented with the presence of many global and regional players. The increasing focus on product extensions, product differentiation, and pricing will intensify the competitive environment among the players in the classroom furniture market. To sustain in this competitive environment, the vendors are increasingly focusing on introducing innovative designs and using advanced technologies and materials.
Key vendors in this market are -
The other vendors covered in this report are Ballen Panels, Fleetwood Group, Hertz Furniture, Knoll, and KI.
Segmentation by product and analysis of the school furniture market
A large number of schools are building modern classrooms that demand ergonomic furniture. This, in turn, will improve the learning process by offering an effective learning environment to the students. The rising number of enrollments contributing growth towards the school furniture market in the seating furniture segment. The lack of ergonomic seating standards will result in poor concentration and educational drawbacks such as lack of attention. This is compelling the vendors in the classroom furniture market to provide tailor-made seating solutions and modern classroom furniture.
Segmentation by geography and analysis of the school furniture market
The school furniture market is witnessing growth in the Americas due to the rising number of schools and the adoption of modern methods of teaching. This teaching includes blended learning, collaborative learning, and others. The modern teaching methodologies include the adoption of advanced and innovative classroom furniture. Furthermore, the region is also experiencing an increasing demand for technology-enabled tables and storage furniture solutions.