School Furniture Market Analysis Report By Product, By Application And Segment Forecasts From 2019 To 2025

Industry Insights

The global school furniture market size was accounted for USD 4.2 billion in 2018. The market is expected to witness a CAGR of 6.0%, during the forecasted years. This growth can be attributed to rising awareness about education in developing regions across the globe. Moreover, increasing demand for flexible furniture that can be placed in compact spaces is expected to drive the market growth for school furniture in the upcoming years.

An increasing trend for the usage of furniture that is ergonomic in design and can be used for comfortable seating is expected to positively impact market growth. Moreover, the rising demand for multifunctional chairs and tables in laboratories, classrooms, and libraries has encouraged the key manufacturers to produce a variety of products from different raw materials.  For example, manufacturers have started using wood, molded plastic, and durable laminates to produce chairs and tables. Furniture with more storage capacity and cabins has been on the rise for the last few years.

Rising school construction and infrastructure across developing regions like APAC and MEA are expected to boost the demand for these products. The research conducted by ISC stated the number of English-medium schools was 10,300 which had 5.6 million kids enrolled in them. In addition, RMIT University stated that the number of students enrolling for higher studies will increase from 216 million in 2016 to 380 million in 2030.

Several regulations being forced by governing bodies like BESA regulations are expected to boost the demand for good quality school furniture. Thus, major players in this market have started registering for the BESA membership. These statutory governing bodies help in maintain the standardized sizes, shapes, and quality of the materials.

Product Insights

In 2018, the product segment of seating furniture held the highest share of 51.3% across the global market. This growth can be associated with its rising demand, variety of applications, good functionality, and excellent mobility. Moreover, the emerging demand for tables and chairs on castors, that help in the rearrangement of furniture is projected to drive the market growth.

The product segment for storage units is anticipated to witness a CAGR of 6.0% during the forecasted years. This growth can be associated with the rising demand for storage spaces across the classrooms, administrative buildings, corporate offices, and libraries. Moreover, increasing demand for these products across workstations and lounge areas is expected to boost the demand for these products in the upcoming years.

Application Insights

In 2018, the classrooms application segment held the highest share of around 79.9% across the global market. This growth can be attributed to the rising demand for a variety of classroom furniture across the globe. Moreover, the rising enrollment of students in schools is anticipated to positively impact the market growth for school furniture during the forecasted years, 209 to 2025.

The segment of libraries and labs is expected to register the highest growth with a CAGR of 6.1% in the upcoming years. This growth can be attributed to the rising demand for book storage spaces and the need for comfortable seating in such areas.  Moreover, increased expenditure on laboratories and libraries is expected to pave the way for market growth for these products.

Regional Insights

In 2018, North America held the highest share of 52% of the global school furniture market. The rising presence of key players like Fleetwood Group; Artco-Bell Corp.; Scholar Craft; Fleetwood Group; Knoll, Inc.; and VS America, Inc. has made it possible to cater to the rising demand for school furniture across this region. Moreover, the data provided by NCES stated that the total number of K-12 schools in Canada and the U.S. was 132,853 that had 5,068,587 students. This rising number is anticipated to drive the market growth for school furniture. 

Asia Pacific is anticipated to register the highest growth rate with a CAGR of 7.1% during the forecasted years, 2019 to 2025.  This growth can be attributed to a rising preference for private education owing to the education quality. Moreover, rising disposable income among the working population coupled with rapid urbanization is the factor projected to drive the market over the forecast period. For example, around 35% of the schools in China are private schools.

School Furniture Market Share Insights

The market for school furniture includes key players such as Scholar Craft; Knoll, Inc.; Fleetwood Group; VS America, Inc.; Haworth Inc.; Smith System Mfg. Co; Office Line; MOBeduc; and Virco. These players are extracting resources from the Crowdfunding websites to explore various aspects of boosting their sales. A crowdfunding site named Donors Choose, witnessed a rise in funding for furniture from 110 during 2015 to 21,163 till 2018. Moreover, the rising influence of the internet and social media campaigns are expected to boost sales for such furniture.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global school furniture market report based on product, application, and region:

• Product Outlook (Revenue, USD Million, 2015 - 2025)
    • Seating Furniture
    • Storage Units
    • Lab Furniture
    • Others

• Application Outlook (Revenue, USD Million, 2015 - 2025)
    • Classroom
    • Library & Labs
    • Others

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • the Asia Pacific
        • Japan
        • China
    • Central & South America
        • Brazil
    • Middle East and Africa