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North America School Furniture Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material, Product Type, and Distribution Channel

North America School Furniture Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material, Product Type, and Distribution Channel

  • June 2021
  • 109 pages
  • ID: 6134755
  • Format: PDF
  • The Insight Partners

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The North America school furniture market was valued at US$ 2,206.93 million in 2020 and is projected to reach US$ 3,465.42 million by 2028; it is expected to grow at a CAGR of 4.0% from 2020 to 2028.

School furniture plays an important role in providing a good learning environment.Due to the rise in industrialization, there is growing inclination towards modern furniture to create a constructive learning environment.

School furniture mainly includes bench, chairs, table and desks, storage units which are mostly made up of wood, plastic, metal, and others.The rising focus on ergonomic furniture for comfortable seating has led to an increase in demand for flexible school furniture.

There is also an increase in demand for multi-functional tables and chairs that can be used for classrooms, laboratories, libraries, among others. Thus, all these factors will drive the growth of the school furniture market In North America.

Based on product type, the North America school furniture market is segmented into Benches and Chairs, Desks and Tables, Storage Units, and Others (Whiteboard and Stools).The Benches and Chairs segment led the North America school furniture market with the highest market share in 2020.

Benches and chairs are bought by the school management in North America in a bulk quantity.School chairs vary in design and are primarily made of wood, metal, and synthetic plastic materials.

Folding chairs, rocking chairs, loungers, and many others are quite popular among customers. Therefore, manufacturers such as Herman Miller, Inc.; KI; Educan; and many others are offering different types of school chairs such as Magis Spun Chair, Caper Stacking Chair, Intellect Wave Chair, Ruckus Chair, Stacking Study Chair, Ergo Stacking Chair, Stacking Chair, Study Chair in the North American market to meet the needs of the customer. These companies are also offering wooden and metal benches for the education sector. This, in turn, is influencing the market for school furniture through the benches and chairs segment.

Geographically, the North America school furniture market is segmented into the US, Canada, and Mexico.In 2020, the US hold the largest share in the market.

The market growth in the US is primarily attributed to the booming trend of folding and smart furniture among educational institutions.Manufacturers are taking advantage of this trend by innovating their product offerings, which driving the demand for school furniture in the country.

Along with that increasing number of educational institutes, construction is helping the school furniture market to grow in the US. According to the US Census Bureau, the total dollar value of education construction work done in this country (including all 50 states as well as the District of Columbia) was estimated to have exceeded $98.9 billion in the year 2018. That was a nine percent raise from the actual amount spent on education building construction in 2017. This survey respondent has also indicated that most of that construction was in the form of major renovations along with modernizations, while new/replacement buildings, as well as the construction of additions, were within a percent of each other. Also, according to ASCE’s 2021 Infrastructure Report Card, there are nearly 84,000 public schools with nearly 100,000 buildings in the US, with a projected enrollment of 56.8 million by 2026. The introduction of quality as well as safety regulations when it comes to classroom furniture by the British Engineering Standards Association (BESA) is further promoting the school furniture products and hence influencing the market growth in the US.

The US has the highest number of confirmed cases of COVID-19 compared to Canada and Mexico.This is negatively impacting the consumer goods industry in the region as the COVID-19 outbreak negatively affects the supply and distribution chain.

The COVID-19 outbreak has been considered a pandemic and has badly affected several businesses across the region.The pandemic has had the most influence on the production, logistics, and tourism & travel industries.

The virus outbreak propelled the governments of numerous countries to impose a lockdown to decrease the spread of the virus.Thus, several companies are undergoing downtime and have driven some companies to work remotely, leading to low productivity and income.

The COVID-19 outbreak has impacted distinguished industries differently. Due to the pandemic, the lockdown scenario has affected and hampered the supply chain of the school furniture market. The non-availability of raw materials and labor, owing to the restrictions on the movement of people, has hindered the production of the school furniture. The emergence of COVID-19 has decelerated the market growth; however, due to uplifting lockdowns the market is slowly gaining traction. The sudden rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.

Fleetwood Furniture, Steelcase Inc.; MityBilt, Virco Inc.; Scholar Craft; Herman Miller, Inc.; KI; Educan; Ven-Rez; and Global Furniture Group are among the major players operating in the North America school furniture market.

The overall North America school furniture market size has been derived in accordance with to both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the North America school furniture market.

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