School Furniture - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2020 - 2029

School Furniture - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2020 - 2029

The School Furniture Market size is estimated at USD 6.38 billion in 2024, and is expected to reach USD 8.72 billion by 2029, growing at a CAGR of 6.45% during the forecast period (2024-2029).

Students spend many hours in the classroom, and the selection of school furniture plays an important role in the wellness of children and teachers in the school. Inappropriate and uncomfortable chairs can harm the wellness of teachers and children's performance.

Focus on the educational sector in rural and urban areas, along with basic access to education for children worldwide, is impacting the growth of the school furniture market. Growth in government budgets in various countries, increasing education expenditures, launching new products according to innovations, and renovating old technology and furniture in the school are expected to influence the market positively.

Demand for flexible chairs and issues related to growing concerns over children's posture are expected to drive the studied market positively. Using ergonomic chairs for comfortable seating is driving the market's growth. There is an increase in demand for multi-functional chairs and tables used in classrooms, laboratories, labs, etc. The use of eco-friendly products in manufacturing school furniture is one of the key market trends regarding the rising concern of people toward global warming and deforestation.

Due to COVID-19, all schools were closed to prevent the virus from spreading. It had a significant impact on the market for school furnishings. Unsold benches, tables, and chairs harmed the market's ability to attain its bottom line.

Post-COVID-19, with schools adapting to new and changing learning models, there is an increased demand for flexible and adaptable furniture. For example, furniture that can be easily rearranged to accommodate different learning configurations or furniture that can be easily disinfected and sanitized.

School Furniture Market Trends

Classroom Furniture is Dominating the School Furniture Market

The classroom segment accounted for the largest share in terms of revenue in 2022. The enrollment of students worldwide increased the demand for chairs and tables in the classrooms as they are necessary for the school to function. An increase in the innovation of raw materials used for classroom furniture is leading to collaborations, renovations, and ergonomically derived classroom furniture. More and more schools are looking to replace traditional furniture to remain aesthetically appealing to parents and children and make the classroom environment pleasant. Introducing the swivel chair with ergonomic features is a recent addition to many schools.

However, the library and labs section is also poised to show strong growth in the forecast period. Increased requirements for large storage space and flexible seating will drive the market.

North America is Dominating the Market

The economic growth and rising focus on aesthetics are leading to the demand for luxury furniture from schools across North America. There is a production of technologically advanced and innovative school furniture in the region, replacing traditional school furniture. The United States is dominating the market studied in the region, although Canada is expected to grow fast, owing to the opening of international schools in the country. Thus, this will lead to the demand for modern, luxury, and multi-functional school furniture in the region, further fueled by the demand for eco-friendly furniture.

However, the Asia-Pacific region is expected to grow the fastest. The region's growth is mainly because of the rising focus on education in the developing economies, the opening of private schools, the enrollment of children from rural and urban areas, and the focus on extracurricular activities in the region.

School Furniture Industry Overview

The market studied is fragmented and competitive. Companies are innovating regarding seating, lab, and storage products to stay competitive. The report covers major international players operating in the Global school furniture market. Some of the key players in the market studied are Virco Inc, Smith System Mfg Co, Fleetwood, Hertz Furniture, and KI Furniture. The leading brands are opening exclusive stores for special products.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support