North America K-12 Furniture Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

North America K-12 Furniture Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

North America K-12 Furniture Market has generated a revenue of USD 4 billion in the current year and is expected to register a CAGR of 5% for the forecast period. The sudden COVID-19 pandemic in 2020 changed the face of the furniture industry on a large scale. The disruptions in the supply chain and the temporary ban on global trade affected countries with high dependencies on imports for their furniture needs. The pandemic forced around 58% of the world's population to switch to the stay-at-home protocol for a longer time, which motivated customers to optimize their homes and furniture with the increased time spent at home. COVID-19 heightened the importance of reducing the reliance on imports and improving automation and digitalization in the industry.

An increase in the number of K-12 schools worldwide and growing awareness about the importance of education has led to a rise in the enrollment of students, which, in turn, is driving the demand for desks and chairs. The development of innovative products, such as portable furniture and flip classrooms, owing to technological development with the increasing demand for eco-friendly furniture, also boosts the market growth. The rising demand for ergonomically-designed furniture from educational institutes is one of the major factors driving the market growth.

K-12 learning space requires a unique solution to deliver comfort, focus, and support for students and teachers. K-12 furniture is used in classrooms, cafeterias, libraries, offices, and other areas. School furniture transforms a classroom from a static physical space into a dynamic learning environment. As technology evolves, it is not shocking to note how massively classrooms have been transformed in the past few years.

Usually made from wood, metal, and plastic, the latest classrooms are designed in a way that is considered effective for use and beneficial for physical health. The rising demand for ergonomically-designed furniture from educational institutes is one of the major factors driving the market growth. Today's students are getting more real-world experience creating solutions, exploring new ideas, and deconstructing things in maker spaces. Supporting these kinetic hands-on activities requires different tools, such as adaptable storage, tables, and mobile whiteboards that bring students closer to their work.

Wooden furniture is the most common in North American schools due to the high manufacturing output of wooden products compared to other materials. Furthermore, wood is conventionally considered the most preferred material for furniture production.

America is one of the countries with high forest cover; thus, the availability of wood for furniture making is high in the country. Thus, wood holds the highest market share for school furniture by material. With developing technology, manufacturers can cut wood in newer ways to create different furniture styles that suit each school setting. This has allowed wood to remain the major North American K-12 furniture market segment.

In 2021, furniture and home furnishings store sales in the United States amounted to about 140.6 billion U.S. dollars, up from around 113 billion recorded a year earlier. The home furnishings retail industry allows consumers to make their homes truly their own with their very choices of furniture and décor to adorn them. Style, affordability, and functionality are the main reasons consumers give for shopping at lifestyle furniture stores, such as Ikea, Williams-Sonoma, Crate & Barrel, and RH (Restoration Hardware). Demand for home furnishings is cyclical, influenced by housing starts, as desires to remodel and redesign are not necessary during slow economic times. Demand is also driven by consumer income. Large companies compete through volume purchasing, breadth of products, and effective merchandising and marketing. Small companies focus on a market segment and compete through a depth of products and superior customer service

The report covers major international players operating in the North American K-12 Furniture Market. The India mattresses market is domestically dominated by players such as Steelcase, Knoll Inc, Haworth Inc, Krueger International, and others. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.

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