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The Global K-12 Furniture Market Size is estimated to grow by USD 2,571.79 million between 2022 and 2027 accelerating at a CAGR of 5.45%.
This K-12 furniture market report extensively covers market segmentation by Product (seating, storage, lab equipment, and others), Application (classroom, library and labs, and others), and Geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges.
The growth of the school furniture market depends on several factors, including the growing importance of K-12 education, the increasing number of new K-12 furniture showroom launches, and the increase in mergers and acquisitions.
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Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing importance of K-12 education is a major factor positively impacting the school furniture market growth. K-12 is a learning space that requires a unique set of solutions to provide comfort, focus, and support for students and teachers. K-12 furniture is used in classrooms, dining halls, libraries, offices, and other places. School furniture plays an active and important role in transforming the classroom from a static physical space into a dynamic learning environment. The classroom structure has changed over the past few years as technology has advanced. The increase in the number of primary schools around the world and the growing awareness of the importance of education has led to an increase in the number of students, which, in turn, increases the demand for tables and chairs. The growth of the market is also accelerated by the development of innovative products such as portable furniture and classrooms with the development of technology and the increasing demand for environmentally friendly furniture. Growing demand for ergonomically designed furniture in educational institutions is one of the major factors driving the growth of the global K-12 furniture market during the forecast period.
Technological advancement is a major trend in the K-12 furniture market. The education sector is shifting towards technology, traditional school furniture is being replaced by more innovative and aesthetic furniture. New dynamic teaching styles, such as blended learning and flipped classrooms, require adjustable and portable furniture that can be easily reconfigured. This results in high demand for an ergonomic design, improved aesthetics, and improved stackability of school furniture. Additionally, educational institutions around the world recognize the importance of ergonomics when deciding to purchase classroom furniture. They focus on introducing flexible furniture according to the age and height of the students. For example, vendors offer desks with user-adjustable chairs and slanted work surfaces. All such factors are expected to boost the growth of the market in focus during the forecast period.
Fluctuating prices of raw materials are the major challenge impeding the school furniture market growth. Price fluctuations in the global school furniture market are due to several factors, such as rising prices of raw materials. The increase in the price of raw materials has forced large companies to either accommodate this rise or lose customers to competitors who offer the same products at a lower price and sell their products at a higher price.
Changes in labor legislation may also be behind the increase in raw material costs for the manufacture of fine furniture. The main raw materials used in the manufacture of fine furniture are plywood, chipboard, fiberboard, metal, laminate and plastic. Climate and supply chain disruptions affect the price of raw materials needed to make K-12 furniture.
For example, due to the COVID-19 pandemic and the war between Russia and Ukraine, manufacturers are facing significant increases in material costs, supply shortages and longer waiting times to receive these materials. Therefore, all such factors may hinder the growth of the school furniture market during the forecast period.
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The market share growth of the seating segment will be significant during the forecast period. The sitting furniture segment dominated the market with more than 45% in value terms in 2022. During the forecast period, this segment is anticipated to grow at the fastest rate. Industry experts have consistently highlighted the need for chairs with backrests and seats that can adapt to a student's physical needs, which will increase the demand for K-12 furniture.
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The seating segment was valued at USD 3,631.06 million in 2017 and continued to grow until 2021. Chairs help kids maintain proper posture while also preventing slouching and discomfort from long periods of time spent in the laboratory or classroom. Educational institutions are focusing on employing chairs with height and back adjustments so that they can accommodate the needs of students of all ages and heights. Thus, all such factors are expected to boost the growth of the global school furniture and office furniture market during the forecast period.
In 2022, the classroom segment generated the most revenue due to rising student enrolment worldwide, which drives demand for necessary chairs and tables. Innovations in classroom furniture materials result in collaborative, renovated, and ergonomically designed furniture, leading schools to replace traditional pieces for aesthetics and comfort. Swivel chairs with ergonomic features have been introduced to many schools recently, and the demand for comfortable furniture is expected to create growth opportunities in the school furniture market.
APAC is estimated to contribute 55% to the growth of the global school furniture market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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As economic conditions improve in various countries in the Asia-Pacific (APAC) region, consumers there have more disposable income. APAC's growing urbanization, improving lifestyles, and education sector growth are driving the global school furniture market. Wood furniture is prevalent in APAC schools because of the region's high wood product production and its reputation as the best furniture material. Advancements in technology enable manufacturers to cut wood in new ways and create various furniture styles suitable for school environments. As a result, the APAC school furniture market is projected to experience substantial growth during the forecast period.
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COVID-19 hindered the growth of the regional school furniture market in 2020, but e-commerce channels are expected to boost sales during the forecast period. In 2021, vaccination drives led to the lifting of lockdowns, and manufacturing units resumed operations, increasing furniture demand. Reopening schools propelled the demand for K-12 furniture. Educational institutions' classroom design rethinking is expected to support regional school furniture market growth during the forecast period.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the K-12 Furniture Market. One of the major vendor in the school furniture market include:
VS America Inc. - The company offers K12 furniture such as wobble stools, student chairs, height-adjustable swivel student chairs, skid stools, and swivel student tools as its key offerings. The company offers furniture such as tables, chairs, lockers, cabinets, and desks for schools and offices.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified. Furthermore, it is also quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The school furniture market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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K-12 Furniture Market Scope |
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Report Coverage |
Details |
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Page number |
150 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.45% |
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Market growth 2023-2027 |
USD 2,571.79 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
5.19 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 55% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Agati Inc., Ballen Panels Ltd., Chongqing Equipment Co. Ltd., Empire Furniture, Fleetwood Group Inc., Haskell, Haworth Inc., Hertz Furniture Systems LLC, HNI Corp., Infiniti Modules Pvt. Ltd., KI, Marco Group Inc., Metalliform Holdings Ltd., MillerKnoll Inc., Palmer Hamilton LLC, Paragon Furniture Inc., SSI Furnishings, Steelcase Inc., Virco MFG Corp., and VS America Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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