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The North America - school furniture market size is estimated to grow at a CAGR of 2.88% between 2022 and 2027. The market size is forecast to increase by USD 303.48 million. The growth of the market depends on several factors such as the growing demand for modern and luxury furniture, the rising popularity of ready-to-assemble (RTA) furniture, and the increasing demand for sustainable furniture.
This North America school furniture market report extensively covers market segmentation by product (seating, storage, lab equipment, and other furniture), distribution channel (offline and online), and geography (North America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rising popularity of ready-to-assemble (RTA) furniture is the key factor driving the growth of the market. RTA furniture has become a national trend and is in high consumer demand due to its convenience. Designed with both practical and artistic uses in mind, RTA furniture is perfect for K-12 schools. RTA's school furniture is easy to assemble and disassemble and can be packed and shipped by customers in compressed flat packs.
Moreover, key growth drivers for RTA school furniture are the introduction of e-commerce into the school furniture market, and free pick-up and delivery facilities. The rising demand for such furniture coincides with the growing demand for portable furniture that can be used for multiple purposes. Thus, such factors are expected to drive the growth of the North America school furniture market during the forecast period.
Increasing student enrollment in schools in North America is the primary trend in the market. With the ever-increasing number of national and international students in North American institutions, there is an urgent need to provide these learners with a suitable and well-resourced learning environment. This need has increased the demand for different types of school furniture such as desks, chairs, tables, storage units, and innovative seating arrangements.
Moreover, in response to this trend, furniture manufacturers are focusing their research and development (R&D) efforts on creating products that promote comfort, ergonomic support, and engagement. Additionally, the influx of international students has increased the demand for furniture designs that seamlessly integrate technology, facilitate interactive learning, and adapt to modern teaching methods. Hence, such factors are expected to propel the growth of the North America school furniture market during the forecast period.
High volatility in prices of raw materials needed for school furniture is a challenge that affects the growth of the market. The cost of raw materials such as wood, steel, textiles, plastics, and cardboard has increased significantly in the past few years. In addition, the prices of raw materials such as chipboard, wood, foam, chemical polishes, paints, and hardware used in furniture manufacturing are also rising.
Moreover, furniture makers' profit margins are hurting as the gap between rising production costs and suppliers' ability to raise prices narrows. The price of mid-range furniture increased by 25-30% due to the high price of wood and the scarcity of wood. Thus, such factors hinder the growth of the North America school furniture market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
North America School Furniture Market in North America Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The seating segment is estimated to witness significant growth during the forecast period. The seating segment includes furniture such as chairs, stools, desks, benches, and other furniture seating used in schools and educational institutions. To keep up with the modern education system, students and teachers need advanced multi-purpose furniture to efficiently carry out the learning process. To meet this growing need, market players offer highly adjustable chairs and desks that are efficient for lectures, group study, and individual study.
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The seating segment was the largest segment and was valued at USD 947.16 million in 2017. Demand for desks with chairs is expected to increase. Additionally, the increasing use of educational hardware in classrooms allows providers to replace traditional furniture with modern furniture systems. Modern chairs and tables are replacing classroom furniture as well as chairs used by teachers, administrative staff, canteens, and cafeterias in North American schools. The shift to modern seating systems in schools will further increase the demand for seating furniture segment of the North America - school furniture market during the forecast period.
The North America school furniture market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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North America School Furniture Market In North America Scope |
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Report Coverage |
Details |
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Page number |
145 |
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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 2.88% |
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Market growth 2023-2027 |
USD 303.48 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
2.0 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Academia Furniture Industries, Agati Furniture, Bevco Precision Mfg., CDI Spaces, Datum Storage Solutions Inc., Fleetwood Group Inc., Haworth Inc., Hertz Furniture, HNI Corp., Kimball International Inc., MillerKnoll Inc., MityBilt Products Inc., Paragon Furniture Inc., Scholar Craft Products Inc., School Specialty LLC, Steelcase Inc., Teknion Group, Virco MFG Corp., VS America Inc., and Allied |
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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 the 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 market research report to meet your requirements.
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 Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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