Market Trends of School Furniture Industry
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.
