Global School Furniture Market is valued at approximately USD 4.09 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.1% over the forecast period 2023-2030. School Furniture market is a market furniture manufactured of raw material like wood, plastic, or metal. This furniture is consumed in schools such as tables, chairs, computer tables and more. The School Furniture Market is expanding because of factors such as an Increase in establishment of schools, rise in population interested in getting educated and rise in establishment of nurseries/kindergarten schools. However, negative impact on wood products due to environmental concern and increase and fluctuating cost of raw material tend to hinder the market growth.
The rise in establishment of schools and population interested in getting educated have led to increase in sales of school furniture. As according to Statista 2023, literacy rate in 2020 was 86.8%. Moreover, around 90 percent of the world's population had completed a primary education in 2020, whereas only 66 percent had attained a secondary education. This increase in world's population getting educated has led to increase in population in schools resulting in rise in need of school furniture. Increase in educational sector and schools are also a factor which leads to rise in sales of school furniture. According to Statista 2023, total revenue in the Education market is projected to reach USD 5.48 billion in 2022. This revenue from education sector shows that there is growth of school establishment resulting in growth of school furniture. Increase in government expenditure on education further act as an opportunity for school furniture market
The key regions considered for the Global School Furniture Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of key players coupled with increased investment in education sector and number of schools. Moreover, rising disposable income among population has led to growth of school furniture in this region. Asia Pacific is expected to grow significantly over the forecast period, owing to factors such as rising disposable income and increasing standard of living has led to growth in sales of school furniture. Increase in private education moreover better quality of education and facilities has lead to growth of this market in this region.
Major market player included in this report are:
- Virco Inc
- Smith System Mfg Co
- Fleetwood Enterprises
- Hertz Furniture
- KI Furniture
- Scholar Craft
- VS America; Inc.
- Virco Manufacturing Corporation
- Knoll, Inc.
- VITRA INTERNATIONAL AG.
Recent Developments in the Market:
- In March 2022 Smith System Mfg. Co-launched Numbers Mobile Chair. It is a versatile chair with an ergonomic layout for optimal posture. The chair's shell has just the proper amount of give and an appropriate angle for allowing children to move, twist, and fidget while still interacting with their classmates.
- In May 2022, Hertz Furniture, a leader in school furnishings, acquired School Furnishings, Hertz furniture has developed a strategy to initiate growth in terms of reach and offerings, to provide customers globally with some appealing new products.
Global School Furniture Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Product, Application, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
- Storage Units
- Seating Furniture
- Lab Furniture
- Others
By Application:
- Classroom
- Library & Labs
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. School Furniture Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. School Furniture Market, by Product, 2020-2030 (USD Billion)
- 1.2.3. School Furniture Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global School Furniture Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global School Furniture Market Dynamics
- 3.1. School Furniture Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increase in development of schools
- 3.1.1.2. Increase in population interested in getting educated
- 3.1.1.3. Rise in establishment of nurseries/kindergarten
- 3.1.2. Market Challenges
- 3.1.2.1. Negative impact on wood products due to environmental concern
- 3.1.2.2. Increase and fluctuating cost of raw material
- 3.1.3. Market Opportunities
- 3.1.3.1. Rise in initiatives of government and educational expenditure
- 3.1.3.2. Introduction of new and innovative school furniture
Chapter 4. Global School Furniture Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global School Furniture Market, by Product
- 5.1. Market Snapshot
- 5.2. Global School Furniture Market by Product, Performance - Potential Analysis
- 5.3. Global School Furniture Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
- 5.4. School Furniture Market, Sub Segment Analysis
- 5.4.1. Storage Units
- 5.4.2. Seating Furniture
- 5.4.3. Lab Furniture
- 5.4.4. Others
Chapter 6. Global School Furniture Market, by Application
- 6.1. Market Snapshot
- 6.2. Global School Furniture Market by Application, Performance - Potential Analysis
- 6.3. Global School Furniture Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 6.4. School Furniture Market, Sub Segment Analysis
- 6.4.1. Classroom
- 6.4.2. Library & Labs
- 6.4.3. Others
Chapter 7. Global School Furniture Market, Regional Analysis
- 7.1. Top Leading Countries
- 7.2. Top Emerging Countries
- 7.3. School Furniture Market, Regional Market Snapshot
- 7.4. North America School Furniture Market
- 7.4.1. U.S. School Furniture Market
- 7.4.1.1. Product breakdown estimates & forecasts, 2020-2030
- 7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada School Furniture Market
- 7.5. Europe School Furniture Market Snapshot
- 7.5.1. U.K. School Furniture Market
- 7.5.2. Germany School Furniture Market
- 7.5.3. France School Furniture Market
- 7.5.4. Spain School Furniture Market
- 7.5.5. Italy School Furniture Market
- 7.5.6. Rest of Europe School Furniture Market
- 7.6. Asia-Pacific School Furniture Market Snapshot
- 7.6.1. China School Furniture Market
- 7.6.2. India School Furniture Market
- 7.6.3. Japan School Furniture Market
- 7.6.4. Australia School Furniture Market
- 7.6.5. South Korea School Furniture Market
- 7.6.6. Rest of Asia Pacific School Furniture Market
- 7.7. Latin America School Furniture Market Snapshot
- 7.7.1. Brazil School Furniture Market
- 7.7.2. Mexico School Furniture Market
- 7.8. Middle East & Africa School Furniture Market
- 7.8.1. Saudi Arabia School Furniture Market
- 7.8.2. South Africa School Furniture Market
- 7.8.3. Rest of Middle East & Africa School Furniture Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Virco Inc
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Recent Developments
- 8.3.2. Smith System Mfg Co
- 8.3.3. Fleetwood Enterprises
- 8.3.4. Hertz Furniture
- 8.3.5. KI Furniture
- 8.3.6. Scholar Craft
- 8.3.7. VS America; Inc.
- 8.3.8. Virco Manufacturing Corporation
- 8.3.9. Knoll, Inc.
- 8.3.10. VITRA INTERNATIONAL AG.
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- 9.3. Research Assumption