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Global School Furniture Market to reach USD 6.57 billion by the end of 2030

Global School Furniture Market Size study & Forecast, by Product (Storage Units, Seating Furniture, Lab Furniture, Others), by Application (Classroom, Library & Labs, Others) and Regional Analysis, 2023-2030

Product Code: OIRHG-80342890
Publish Date: 15-11-2023
Page: 200

Global School Furniture Market is valued at approximately USD 4.09 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.1% over the forecast period 2023-2030. School Furniture market is a market furniture manufactured of raw material like wood, plastic, or metal. This furniture is consumed in schools such as tables, chairs, computer tables and more. The School Furniture Market is expanding because of factors such as an Increase in establishment of schools, rise in population interested in getting educated and rise in establishment of nurseries/kindergarten schools. However, negative impact on wood products due to environmental concern and increase and fluctuating cost of raw material tend to hinder the market growth.

The rise in establishment of schools and population interested in getting educated have led to increase in sales of school furniture. As according to Statista 2023, literacy rate in 2020 was 86.8%. Moreover, around 90 percent of the world’s population had completed a primary education in 2020, whereas only 66 percent had attained a secondary education. This increase in world’s population getting educated has led to increase in population in schools resulting in rise in need of school furniture. Increase in educational sector and schools are also a factor which leads to rise in sales of school furniture. According to Statista 2023, total revenue in the Education market is projected to reach USD 5.48 billion in 2022. This revenue from education sector shows that there is growth of school establishment resulting in growth of school furniture. Increase in government expenditure on education further act as an opportunity for school furniture market

The key regions considered for the Global School Furniture Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of key players coupled with increased investment in education sector and number of schools. Moreover, rising disposable income among population has led to growth of school furniture in this region. Asia Pacific is expected to grow significantly over the forecast period, owing to factors such as rising disposable income and increasing standard of living has led to growth in sales of school furniture. Increase in private education moreover better quality of education and facilities has lead to growth of this market in this region.

Major market player included in this report are:
Virco Inc
Smith System Mfg Co
Fleetwood Enterprises
Hertz Furniture
KI Furniture
Scholar Craft
VS America; Inc.
Virco Manufacturing Corporation
Knoll, Inc.

Recent Developments in the Market:
Ø In March 2022 Smith System Mfg. Co-launched Numbers Mobile Chair. It is a versatile chair with an ergonomic layout for optimal posture. The chair’s shell has just the proper amount of give and an appropriate angle for allowing children to move, twist, and fidget while still interacting with their classmates.
Ø In May 2022, Hertz Furniture, a leader in school furnishings, acquired School Furnishings, Hertz furniture has developed a strategy to initiate growth in terms of reach and offerings, to provide customers globally with some appealing new products.

Global School Furniture Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Storage Units
Seating Furniture
Lab Furniture

By Application:
Library & Labs

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. School Furniture Market, by Region, 2020-2030 (USD Billion)
1.2.2. School Furniture Market, by Product, 2020-2030 (USD Billion)
1.2.3. School Furniture Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global School Furniture Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global School Furniture Market Dynamics
3.1. School Furniture Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increase in development of schools Increase in population interested in getting educated Rise in establishment of nurseries/kindergarten
3.1.2. Market Challenges Negative impact on wood products due to environmental concern Increase and fluctuating cost of raw material
3.1.3. Market Opportunities Rise in initiatives of government and educational expenditure Introduction of new and innovative school furniture
Chapter 4. Global School Furniture Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global School Furniture Market, by Product
5.1. Market Snapshot
5.2. Global School Furniture Market by Product, Performance – Potential Analysis
5.3. Global School Furniture Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. School Furniture Market, Sub Segment Analysis
5.4.1. Storage Units
5.4.2. Seating Furniture
5.4.3. Lab Furniture
5.4.4. Others
Chapter 6. Global School Furniture Market, by Application
6.1. Market Snapshot
6.2. Global School Furniture Market by Application, Performance – Potential Analysis
6.3. Global School Furniture Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. School Furniture Market, Sub Segment Analysis
6.4.1. Classroom
6.4.2. Library & Labs
6.4.3. Others
Chapter 7. Global School Furniture Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. School Furniture Market, Regional Market Snapshot
7.4. North America School Furniture Market
7.4.1. U.S. School Furniture Market Product breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada School Furniture Market
7.5. Europe School Furniture Market Snapshot
7.5.1. U.K. School Furniture Market
7.5.2. Germany School Furniture Market
7.5.3. France School Furniture Market
7.5.4. Spain School Furniture Market
7.5.5. Italy School Furniture Market
7.5.6. Rest of Europe School Furniture Market
7.6. Asia-Pacific School Furniture Market Snapshot
7.6.1. China School Furniture Market
7.6.2. India School Furniture Market
7.6.3. Japan School Furniture Market
7.6.4. Australia School Furniture Market
7.6.5. South Korea School Furniture Market
7.6.6. Rest of Asia Pacific School Furniture Market
7.7. Latin America School Furniture Market Snapshot
7.7.1. Brazil School Furniture Market
7.7.2. Mexico School Furniture Market
7.8. Middle East & Africa School Furniture Market
7.8.1. Saudi Arabia School Furniture Market
7.8.2. South Africa School Furniture Market
7.8.3. Rest of Middle East & Africa School Furniture Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Virco Inc Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Smith System Mfg Co
8.3.3. Fleetwood Enterprises
8.3.4. Hertz Furniture
8.3.5. KI Furniture
8.3.6. Scholar Craft
8.3.7. VS America; Inc.
8.3.8. Virco Manufacturing Corporation
8.3.9. Knoll, Inc.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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