Logo
Saturday, 25 May 2024
Wednesday, 08 Nov 2023 12:00 am

Educational Furniture Market is expected to reach US$ 11,611.64 million by 2030

The Global Educational Furniture Market size is projected to grow at a CAGR of 5.1% during 2022-2030, to surpass US$ 11,611.64 Million by 2030, from US$ 7,783.45 million in 2022.

By The Insight Partners

Increase in Demand for Educational Furniture in Newly Constructed Schools Drives Global Educational Furniture Market

According to our latest market study on “Educational Furniture Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Material, Product Type, and End Use,” the educational furniture market size is projected to grow from US$ 7,783.45 million in 2022 to US$ 11,611.64 million by 2030; the market is expected to register a CAGR of 5.1% from 2022 to 2030. The report highlights key factors driving the market and prominent players along with their developments in the market.

Educational furniture comprises benches, chairs, desks, tables, storage units, stools, and white boards, among others. These products are usually made from wood, plastic, metal, and other materials. The rising demand for sturdy yet comforting furniture at schools, colleges, libraries, and teaching institutes is driving the market growth. Also, growing trend of homeschooling and importance of having proper furniture for studying at home are other factors driving the growth of the global educational furniture market. Further, rising government funding for building schools, colleges, and universities with modern facilities is significantly driving the educational furniture market growth across the globe.

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00028349

The demand for educational furniture is increasing with schools adapting to the changing needs of students. An upsurge in student population due to increased education awareness in urban and rural areas has led to the construction of more schools and increased student enrollment across the globe. According to the Higher Education Statistics Agency, between 2019 and 2021, the number of students in the UK increased by 8.81%. Further, mandatory primary education systems by national governments promote school construction. The Massachusetts Department of Transportation (MassDOT), through its Safe Routes to School (SRTS) initiatives, launched the 2022–2023 Infrastructure Funding Program in May 2022. The program was initiated to provide design and construction services to projects valued in the range of US$ 0.3–1.5 million in areas near public elementary, middle, and high schools across Massachusetts, UK. With the aging school facilities, a surge in the number of students, and changes in building construction and safety codes, the government authorities of many countries are either investing in new infrastructure or upgrading existing ones. Thus, the growing construction of schools is driving the growth of the global educational furniture market.

As schools are shifting from traditional, lecture-based classrooms, they require furniture that can be easily rearranged to accommodate different learning styles and group sizes. Thus, flexibility is another key driver of the educational furniture market growth. In response, furniture manufacturers are creating modular furniture that can be quickly reconfigured to fulfill the needs of different learning activities. For example, chairs and desks are either designed to be easily stacked and stored when not in use, or they are designed to be easily moved around the room to create different seating arrangements, such as the Flex collection from Steelcase.

AFC Furniture Solutions Pvt Ltd, Fleetwood Group Inc, Scholar Craft Products Inc, Smith Systems Manufacturing Co, Knoll Inc, Haworth Inc, Vitra International AG, Virco Manufacturing Corp, Office Line Srl, and Creaciones Falcon SLU are among the key players operating in the global educational furniture market.

Impact of COVID-19 Pandemic on Global Educational Furniture Market Growth

The unprecedented rise in the number of COVID-19 cases worldwide and the subsequent lockdown of numerous manufacturing facilities in the countries negatively influenced the growth of various markets. Due to the COVID-19 pandemic, educational furniture manufacturers and suppliers faced severe losses as schools remain closed. The pandemic also caused supply chain disruption and production and transport delays. According to UNICEF, at the peak of the pandemic, containment measures disrupted the education of over 760 million children across Asia.  

However, the educational furniture industry began recovering gradually as schools reopened. The sales of educational furniture are rebounding to pre-pandemic levels with the resumption of in-person classes. With in-person classes, the demand for products such as chairs, desks, and other items is steadily increasing. Moreover, in April 2022, the US Department of Education announced over US$ 220 million in investments from private, government, and public sectors to support student recovery. Moreover, countries in the European Union provided financial support to affected industries such as education and skill development. For instance, under the Recovery and Resilience Plan (RPP), Italy granted US$ 233.4 for the execution of plan, of which US$ 23.4 accounted for measures related to strengthening the education and training services and improving its quality at all levels from early childhood education and care to higher education.

The "Global Educational Furniture Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry, focusing on the global educational furniture market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The market is segmented on the basis of material, product type, and end use. Based on material, the market is segmented into wood, plastic, metal, and others. By product type, the market is categorized into benches and chairs, desks and tables, storage units, and others. In terms of end use, the market is bifurcated into institutional and residential. The institutional segment is further segmented into elementary school, secondary school, and higher education.

Contact Us
Contact Us: The Insight Partners 
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com


The Insight Partners :    https://www.theinsightpartners.com

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.


Smarter Decisions with Smart News

Smart Market News is committed to getting its readers the latest updates and insights on industries that help in making “smarter” business decisions. With insights and inputs from corporate decision makers, we bring you the stories of adopting innovative solutions and strategies that have been changing the world. Our editorial insights on products, solutions, companies, and adoption of best practices not only help in understanding the markets better, but also prove to be a complete package for your information needs.

Subscribe to our newsletter
Get the latest in your inbox weekly Sign up for the fully charged newsletter
© The News and Media Division of The Insight Partners 2024 | All Rights Reserved | Privacy Policy