The global school furniture market size will witness a notable gain due to increasing investments in the education sector across rural and urban areas. Schools have exhibited profound traction for flexible chairs owing to concerns over children’s posture. School furniture manufacturers could inject funds into eco-friendly products amidst global warming concerns.
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Prevalence of Online Classes Hampered Growth
The onslaught of the COVID-19 pandemic triggered the trend for online classes, thereby disrupting the demand-supply of school desks, benches and chairs. The COVID-19 outbreak has brought a paradigm shift in the furniture industry. The pandemic is considered one of the single largest events to have hampered children globally in their access to school. Meanwhile, the trend for social distancing has prompted school management and consumers to boost their spending on furniture. Moreover, surging demand from laboratories will also augur well for the industry outlook.
Segments-
In terms of product type, the market is segmented into lab furniture, seating furniture and storage unit. With respect to the end-use, the industry is segregated into the library, laboratory and classroom. On the basis of material use, the market is classified into stainless steel, plastic and wood. From the geographical ground, the industry covers Europe, North America, Asia Pacific, the Middle East & Africa and South America.
Report Coverage-
The research report offers insights into industry dynamics redefining the global landscape. The report delves into drivers, opportunities, restraints and trends to provide a holistic market view. The report is prepared through primary sources, including interviews with directors and executives and qualitative and quantitative analyses. The report also provides secondary resources, such as press releases, annual reports, white papers and journals. The report also delves into pre-and post-COVID-19 outlooks to provide a holistic view of the global market.
Some of the Leading Companies Profiled in the Market:
Vitra International AG (Switzerland)
Fleetwood Group (U.S.)
Haworth Inc. (U.S.)
Smith System Mfg. Co (U.S.)
Knoll, Inc. (U.S.)
Drivers and Restraints-
Advancements in Seating Furniture to Boost Growth Potentials
Industry participants expect seating furniture to gain traction across emerging and advanced economies. School furniture market growth will witness an upward trajectory on the back of chairs and tables in classrooms, administration offices, libraries and laboratories. Some factors, such as functionality, mobility and increased durability, will encourage stakeholders to invest in the landscape. Besides, the trend for ergonomically designed furniture and a spike in student enrollment in schools have solidified the position of leading companies gearing to bolster their portfolios. However, environmental restrictions could impede the industry growth over the next few years.
Regional Insights
Asia Pacific to Witness Investment Galore with Trend for Private Education
The Asia Pacific could emerge as a lucrative destination for school furniture manufacturers and suppliers. The trend is mainly attributed to the need for a better quality of education across emerging economies, including China and India. Rising discretionary income could underpin the regional outlook over the next few years. Stakeholders are expected to envisage Asia Pacific as a promising hub to propel their portfolios.
Stakeholders anticipate North America school furniture market share to gain traction with profound investments in technologically advanced products. The reopening of international schools in the U.S. and Canada propelled the demand for luxury, advanced and multi-functional school furniture. The trend for ergonomically designed chairs and the table will boost regional growth over the next few years.
Competitive Landscape-
Stakeholders Prioritize Strategic Approaches to Boost Portfolios
Leading players could inject funds into R&D activities, product launches, innovations, and collaboration to boost their competitive edge in the global market. Besides, stakeholders are expected to invest in ergonomic design and advancements in chairs, tables and benches to bolster their presence across untapped areas. Industry players will continue to invest in organic and inorganic strategies to expand their presence globally.
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