Summary of the Global School Furniture Market Report 2016-2020

Published in July 2106 and spanning over 55 pages, the Global School Furniture Market Report 2016-2020 is a concentrated effort of several Techavio offices around the globe to gather, analyze and systemize current and future trends within the furniture industry.

Opening its offices in Toronto almost fifteen years back, the company have experienced unprecedented growth. They have expanded rapidly, spreading to Chicago, London, Bangalore and Beijing, building strategic relationships with clients worldwide.

Their philosophy is to provide easy-to-access reports, competitive pricing, focus on new and emerging technologies and robust industry coverage. The company analyzes an unparalleled range of industries, offering in-depth assessments of emerging and niche-specific market segments.

The 2016-2020 global school furniture market report

Trends change rapidly, providing companies with an ever-growing continuation of demand. Education facilities have reinvented the paradigms of the entire teaching environment. In addition, customized protocols and specialized education programs offer a myriad of opportunities. New standards of compliance, furthermore, have been propagated worldwide, effectively changing furniture technical characteristic requirements.

Companies that serve the public and private educational system should benefit immensely from this dense yet compressed data. In light of this, Techavio offers a comprehensive market report covering this rapidly growing industry. The report includes a detailed segmentation of the global school furniture market, mainly by product type, covering seating, lab equipment, storage, and several other categories. Provided also is an outline of market share by region, including Europe, North America, APAC, and ROW. The report also analyses leading vendors, including Steelcase, Herman Miller, KI, and HNI.
The overall assessment projects a steady growth of the global school furniture market, at a CAGR of around 16%, within the forecasted period. The primary growth driver, it is believed, is the rising demand for ergonomically designed furniture.

Uncomfortable, unsuitable seating arrangements and furniture have become a growing concern among students and educators alike, and they’ve become concerned about the adverse effects. It is expected, therefore, to replace much of the traditional furniture designs with ergonomically built models, effectively growing the demand for contemporary design and manufacturing.

Another reason indicating the need to replace traditional furniture design is the recent change in teaching methodologies. Today’s methods involve students through collaborative and social programs, highlighting the need for furniture to become light, portable and versatile.
The report expects these trends to continue well into the following years, growing the demand for ergonomically designed models that are light, portable, and versatile.

Segmentation by product and region

The report highlights the factual situation of the market by providing data on product type along with its market share. It is concluded that the global school furniture market was primarily dominated by the seating furniture segment, which covers more than 50% market share. Including chairs, tables and desks, the sales projected during the forecasted period will likely occur due to the need for replacement and refurbishment and first-time purchases looking for compliance with current educational standards.
Seating, storage and lab equipment products, among others, are equally analyzed.
Regarding the geographical segmentation of the global school furniture market, the report takes an in-depth look at the region of Europe, North America, APAC, and ROW.

It is concluded that North America dominates the global market, expecting to grow at a CAGR of around 11% within the forecasted period.
The same assessments also apply regarding blended learning and flip classrooms in this specific market. North America, too, will witness an increased demand for modern, ergonomic and improved furniture that is characterized as versatile, portable, and compliant with new industry standards.

Who are the key vendors?

The competitive landscape is highly fragmented, considering the presence of small and large suppliers alike. A close look at the BEFMG (British educational furniture members group) validates the fragmented nature of industry suppliers, ranging from large corporations to smaller family-run businesses. The report expects vendors to compete based on price and product differentiation, introducing innovative furniture design that will foster learning and comfort.

It highlights the leading vendors, mentioning and analyzing the operations of Herman Miller, Steelcase, KI and HNI. Other prominent vendors include EDUMAX, Hertz Furniture, Ballen Panels, Fleetwood Group, and Knoll. The report is also optimistic about the future of smaller family-run businesses, highlighting the increased demand for custom designs and smaller order configurations.

What is discussed in the report?

Concluding the analyzed data, the report tries to answer several vital questions. Firstly, the market size and growth rate are thoroughly researched, including projections up to 2020.
The key factors that drive the market are also discussed, along with trends that impact the growth of the international school furniture market. The analyses cover the key vendors and the projected market share for each, extrapolating current trends and growth rates.

There is a brief discussion about the challenges and circumstances preventing market growth, and the threats vendors and institutions face.

Different trending factors for each region are analyzed and discussed, differentiating between North America, Europe, APAC ROW and HNI. Key outcomes are also discussed briefly, concluding the report.
They are concluding the summary of the global school furniture market report 2016-2020. The information sources provided for the in-depth Techavio report include manufacturers, suppliers, channel partners, industry experts, and strategic decision-makers.

Data is collected and analyzed through primary and secondary research. The information is presented in a comprehensive and easy-to-access format.
The format follows industry standards, including structure and methodology. It includes a list of abbreviations for easy access, utilizing data formatting and visual design.

Albeit its price, there is enough reason to believe it is an invaluable guide for large corporations and small furniture vendors. The report can provide a lot of insight and direction for companies that aim to capture extra market share during this forecasted period.