School Furniture Market Size
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 6.38 Billion |
| Market Size (2029) | USD 8.72 Billion |
| CAGR (2024 - 2029) | 6.45 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
School Furniture Market Analysis
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 a lot of time in the classroom, so choosing the right school supplies is crucial to the well-being of the students and the instructors. The well-being of educators and students can be negatively impacted by inappropriate and unpleasant seating. The emphasis on the education sector in both urban and rural areas, as well as the universal provision of primary education for children, are factors influencing the expansion of the school furniture market. Increased spending on education, growing government budgets across the globe, introducing innovative items, and updating outdated school furnishings and equipment are all anticipated to have a favorable impact on the industry.
The studied market is expected to be favorably driven by the need for flexible chairs and the challenges associated with the growing worries over children's posture. Comfortable seating with ergonomic chairs is what's fuelling the market's expansion. The need for multipurpose tables and seats in schools, labs, and other spaces is rising. Given the growing public concern over deforestation and global warming, one of the major market trends in school furniture manufacturing is the use of eco-friendly materials.
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.
School Furniture Market Leaders
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Virco Inc
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Smith System Mfg Co
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Fleetwood
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Hertz Furniture
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KI Furniture
*Disclaimer: Major Players sorted in no particular order
School Furniture Market News
- In February 2023, Smith System, a provider of educational furniture, along with its parent company, Steelcase, revealed the appointment of six new Premier Dealer Partners. These partners will offer comprehensive furniture solutions for learning environments across significant regions of Latin America, including Colombia, Dominican Republic, Guatemala, Peru, Chile, and Puerto Rico, catering to the burgeoning education markets in these areas.
- In October 2023, Godrej & Boyce, the flagship company of the Godrej Group, revealed that its subsidiary, Godrej Interio, India's top furniture solutions brand for both home and institutional sectors, has announced initiatives to expand its footprint in the education sector.
School Furniture Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness: Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitutes
4.4.5 Intensity of Competitive Rivalry
4.5 Insights into Technological Advancements in the Industry
4.6 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Seating (Desk and Chair)
5.1.2 Storage Furniture
5.1.3 Lab Furniture
5.1.4 Other Products
5.2 By Application
5.2.1 Classroom
5.2.2 Library and Labs
5.2.3 Other Applications
5.3 By Distribution Channel
5.3.1 Offline (Retail, Supermarkets, and Specialty Stores)
5.3.2 Online
5.4 By Geography
5.4.1 North America
5.4.2 Asia-Pacific
5.4.3 Europe
5.4.4 Middle-East and Africa
5.4.5 South America
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Virco Inc.
6.2.2 Smith System Mfg. Co.
6.2.3 Hertz Furniture
6.2.4 KI Furniture
6.2.5 Fleetwood
6.2.6 Ballen Panels Ltd
6.2.7 VS America Inc.
6.2.8 Scholar Craft
6.2.9 Knoll Inc.
6.2.10 Steelcase
6.2.11 Vitra International AG
6.2.12 British Thornton
6.2.13 Infiniti Modules*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER and ABOUT US
School Furniture Industry Segmentation
School furniture is made from durable materials, such as wood, metal, or plastic, and is available in different shapes and sizes. It generally consists of desks, chairs, boards, tables, and cupboards that help students concentrate and efficiently complete their tasks. This report aims to provide a detailed analysis of the market studied. It focuses on market dynamics, technological trends, and insights into various material, application, and process types. It also analyses the major players and the market's competitive landscape studied.
The School Furniture Market is segmented by product, application, distribution channel, and geography. By product, the market is sub-segmented into seating (desk and chair), storage furniture, lab furniture, and other products. By application, the market is sub-segmented into classrooms, libraries and labs, and other applications. By distribution channel, the market is sub-segmented into offline (retail, supermarkets, and specialty stores) and online. By geography, the market is sub-segmented into North America, Asia-Pacific, Europe, South America, and the Middle East and Africa. The report offers the market sizes and forecasts in value (USD) for all the above segments.
| By Product | |
| Seating (Desk and Chair) | |
| Storage Furniture | |
| Lab Furniture | |
| Other Products |
| By Application | |
| Classroom | |
| Library and Labs | |
| Other Applications |
| By Distribution Channel | |
| Offline (Retail, Supermarkets, and Specialty Stores) | |
| Online |
| By Geography | |
| North America | |
| Asia-Pacific | |
| Europe | |
| Middle-East and Africa | |
| South America |
School Furniture Market Research FAQs
How big is the School Furniture Market?
The School Furniture Market size is expected to reach USD 6.38 billion in 2024 and grow at a CAGR of 6.45% to reach USD 8.72 billion by 2029.
What is the current School Furniture Market size?
In 2024, the School Furniture Market size is expected to reach USD 6.38 billion.
Who are the key players in School Furniture Market?
Virco Inc, Smith System Mfg Co, Fleetwood, Hertz Furniture and KI Furniture are the major companies operating in the School Furniture Market.
Which is the fastest growing region in School Furniture Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in School Furniture Market?
In 2024, the North America accounts for the largest market share in School Furniture Market.
What years does this School Furniture Market cover, and what was the market size in 2023?
In 2023, the School Furniture Market size was estimated at USD 5.97 billion. The report covers the School Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the School Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
School Furniture Industry Report
Statistics for the 2024 School Furniture market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. School Furniture analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
