You are here :
Published on: Jun 2020 | From USD $2900 | Published By: MORDOR INTELLIGENCE | Number Of Pages: 130
Asia-Pacific is the fastest-growing school furniture market, followed by North America and Europe. The focus of government policies and basic education access across all the countries in Asia-pacific is expected to drive the growth of the school furniture market in the region.
An increase in the number of school construction, the number of students enrolled in higher education in the region may drive the market for school furniture in the developing economies of the region. According to a source, the number of students enrolled in higher education is expected to increase to 380 million by 2030, which will significantly increase the number of schools and the demand for furniture in these schools. In India and China, the number of enrolments is expected to increase continuously, as these regions have a high percentage of the young population, thus, providing a lucrative opportunity for the growth of school furniture in the market.
There is a surge in the demand for multifunctional and ergonomically designed seating furniture in the market to provide comfortable learning to the students, which will further increase the demand for school furniture in the region. Storage furniture with multifunctional usage is gaining traction in the school furniture market. Eco-friendly school furniture is also preferred by the schools in the region.
Key Market Trends
Increase in the Number of Schools in China is Expected to Drive the Demand for School Furniture
Favorable government regulations are leading to the development of private schools in China despite free public education. There is a rise in the number of private schools operating in China in the last years. With the development of China's economy, there is a rise of international schools across China as people are demanding high quality of K12 education. For instance, private schools in China accounted for more than 35.0% of total schools in the country, with a total of 183,500 schools in 2018.
The number of international schools in China increased from 550 in 2015 to 734 in 2018. There were 87 new schools opened in China, which was the highest record in recent years. The growth of Chinese international schools may, thereby, lead to a surge in demand for school furniture as these schools plan to expand in the future. Thus, an increase in the number of international schools is expected to drive the demand for school furniture, which is affordable and comfortable in China and positively drives the growth of school furniture within the country.
Seating segment Dominated the School Furniture Product Category
The seating segment dominated the Asia-Pacific market as Chairs and tables are widely used in the classrooms of the schools in the region. Other key factors such as wide application, durability, and the ability to add mobility and functionality add to increase the use of seating furniture in the market. Flexible seating is becoming a staple seat part of the classroom environment. Chairs that allow students to choose where and how they sit while they learn are becoming important in todayŐs classrooms. Students, teachers, parents are coming to know the benefit of flexible seating as students can change the movement of the chair whenever they want, depending on their mood.
Competitive Landscape
The market studied is fragmented with huge competition for the cost and quality of the school furniture. Companies are adding new capacities and aim at the cost and quality leadership which shall improve profitability in the market. Major players in the market are Haworth, Steelcase, Knoll, and Teknion.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Value Chain Analysis
4.3 Porter's Five Forces Analysis
4.4 Insights on School Furniture by Type of Material (Wood, Metal, Plastic, and Glass)
4.5 Insights on School Furniture by Type of Distribution Channel (Online and Offline)
4.6 Insights on Flexible Chair and Ergonomic Chairs Usage in Schools
4.7 Insights on Governmnet Regulations in the Market
4.8 Insights on Technology Innovations in the Market
5 MARKET DYNAMICS
5.1 Drivers
5.2 Restraints
5.3 Opportunities
6 MARKET SEGMENTATION
6.1 By Product
6.1.1 Seating (Desk and Chair)
6.1.2 Storage furniture
6.1.3 Lab furniture
6.1.4 Other Products
6.2 By Application
6.2.1 Classroom
6.2.2 Library and Labs
6.2.3 Other Applications
6.3 By Countries
6.3.1 China
6.3.2 India
6.3.3 Australia
6.3.4 Japan
6.3.5 Rest of Asia-Pacific
7 COMPETITIVE LANDSCAPE
7.1 Market Concentration Overview
7.2 Company Profiles
7.2.1 Haworth Inc.
7.2.2 Steelcase Inc.
7.2.3 Knoll Inc.
7.2.4 Teknion
7.2.5 SmartEd Inc.
7.2.6 Sebel
7.2.7 Popcorn Furniture and Lifestyle Pvt. Ltd
7.2.8 Guangzhou Everpretty Furniture Co. Ltd
7.2.9 Zhangzhou Jiansheng Furniture Co. Ltd
7.2.10 Chanakya Furniture
8 FUTURE OF THE MARKET AND ANALYST RECOMMENDATIONS
9 DISCLAIMER
10 ABOUT US
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.