Europe School furniture market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Material Type (Wood, Metal, Plastic, and Others), Product Type (Benches and Chairs, Desks and Tables, Storage Units, and Others), and Distribution Channel (Specialty Stores, Online Retail, and Contracts/Bids)
The Europe school furniture market is expected to grow from US$ 1,297.55 million in 2022 to US$ 1,759.24 million by 2028. It is estimated to grow at a CAGR of 5.2% from 2022 to 2028.
Growing Construction of Schools is Driving the Europe School Furniture Market
Construction of schools across the region is expected to increase, owing to rapid growth in population. Rising focus on the educational sector across urban and rural areas and compulsory primary education schemes provided by governments across the region are propelling the growth of the construction of schools. With aging school facilities, over-crowded classrooms, changes in building safety codes, and technological advances, the authorities of many countries face the dilemma of either investing in new infrastructure or upgrading existing ones. Additionally, innovative technologies and developing educational practices have designed new requirements for educational infrastructure purposes. As a result, new approaches to building learning environments help create better student spaces and increase educational infrastructure efficiency. Furthermore, education is mandatory in many countries across the world for all students until the age of sixteen or eighteen. The education system in these countries involves a particular pattern with primary school, middle school, high school, and post-secondary school. This has increased the construction of the school, thus leading to the growth of Europe school furniture market .
Europe School Furniture Market Overview
The Europe school furniture market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The market in Europe is expected to grow significantly during the forecast period, owing to the increasing government initiatives for school infrastructure upgrades. For instance, in May 2022, The European Investment Bank (EIB) announced a grant of Euro 2.9 million (USD 2.84 million) to improve education in Montenegro. The grant was offered to the government of Montenegro to accelerate the modernization of the national educational system through the upgrade, construction, and reconstruction of preschool and vocational school infrastructure in the country. In addition, the European Union has planned to invest in education and training through the Recovery and Resilience Facility program, which will focus on investment in educational infrastructure.
Europe School Furniture Market Revenue and Forecast to 2028 (US$ Million)
Europe School Furniture Market Segmentation
The Europe school furniture market is segmented into material type, product type, distribution channel, and country.
Based on material type, the Europe school furniture market is segmented into wood, metal, plastic, and others. The wood segment registered the largest market share in 2022.
Based on product type, the Europe school furniture market is segmented into benches and chairs, desks and tables, storage units, and others. The benches and chairs segment registered the largest market share in 2022.
Based on distribution channel, the Europe school furniture market is segmented into specialty stores, online retail, and contracts/bids. The contracts/bids segment registered the largest market share in 2022
Based on country, the Europe school furniture market is segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Germany dominated the market share in 2022.
Global Industries Inc; MillerKnoll Inc; Steelcase Inc; and Virco Mfg. Corp are the leading companies operating in the Europe school furniture market.
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