What is Class Room Furniture?
Increasing focus on the educational sector across rural and urban areas and compulsory basic education schemes provided by governments around the world are affecting the growth of the market. In addition, the growing demand for flexible furniture that is designed on evolving space configurations and that can cater to rising posture problems in children is expected to drive market demand. United States classroom furniture market was valued at USD 656.08 million in 2019 and is expected to reach USD 763.05 million by 2025, growing at a CAGR of 2.25% during 2020-2025. Major factors driving the market growth include the opening of new educational institutes, the growing demand for refurbishment of old existing public & private institutions, and rapid transformation & development of educational institutions across rural & remote areas.
The market study is broken down by Type (Table, Chair, Desk, Boards, Cupboards and Others), by Application (K12 and Higher Education {Under Graduate, Post Graduate}) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Manufacturers from United States will contribute to the maximum growth of Global Class Room Furniture market throughout the predicted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Steelcase Inc. (United States), Haworth Inc.(United States), KI (United States), Herman Miller Inc. (United States), Hertz Furniture (United States), Fleetwood (United States), Precision Materials (United States), VS Guss AG (Germany), Virco (United States) and Academia Furniture Industries (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Class Room Furniture market by Type, Application and Region.
On the basis of geography, the market of Class Room Furniture has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by End Use, the sub-segment i.e. Private Institutions will boost the Class Room Furniture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Metals will boost the Class Room Furniture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On January 2020, Herman Miller has launched Atlas Office landscape and Cosm chair in India. It is designed by Tim Wallace.
On October 2019, Herman Miller has announced that it will increase stakes in Hay A/S by 34%.
Market Trend
- Growing Awareness to Provide Healthy Environment
Market Drivers
- Opening of New Educational Institutes
- Transformation of Educational Institutes in Rural & Remote Areas
Opportunities
- Introduction of Smart Classes
Restraints
- Replacement of Traditional Boards with Digital Boards & Displays
Challenges
- Uncertain Closing of all the School Activities Due to COVID-19 in 2020
Key Target Audience
Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.