According to the latest market research study by Technavio, the school furniture market in North America is expected to grow at a CAGR of close to 12% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the school furniture market in North America in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the product
Click here to request a free sample of this report
The top three revenue contributing product segments are discussed below:
School furniture market in North America by seating: In terms of revenue contribution, the seating segment had the largest share of the school furniture market in North America in 2016. The vendors in the market including School Specialty, are introducing new types of seating furniture such as detachable tables and treadmill desks.
“The demand for desktop tables with attached chair is likely to increase during the forecast period. Growing adoption of hardware in classrooms has provided vendors with opportunities to replace the current seating furniture. Schools are also replacing chairs and other furniture used by teachers and administrative staff,” says Jhansi Mary, a lead analyst at Technavio for research on K12 and higher education.
School furniture market in North America by storage: The storage segment is expected to witness a fall in revenue during the forecast period, as information these days is stored electronically. There has been a rise in demand for mobile storage facilities, which can be used anywhere as per the requirement. Such storage facilities help schools in managing their school space while providing furniture facilities. For instance, school furniture manufacturer Intermetal offers book display units, magazine book racks, tray units, and art storage units. These storage options help students in storing their belongings that are required for classes.
School furniture market in North America by lab equipment: With educational institutes growing focus on practical knowledge of students, the popularity of labs is increasing. The demand for lab equipment is growing at a fast rate as schools are introducing a variety of labs in their infrastructure. One of the prominent reasons for schools adopting and refurbishing their lab furniture is due to a greater emphasis on technology, science, engineering, and mathematics (STEM) education.
Ask an analyst to know more about this report
The top vendors operating in the school furniture market in North America are:
- Herman Miller
- HNI
- KI
- Steelcase
The other prominent vendors in the market include Ballen Panels, Fleetwood Group, Hertz Furniture, Knoll, and Virco.
A more detailed analysis is available in the Technavio market research report titled, ‘School Furniture Market in North America 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- School Furniture Market in GCC 2016-2020
- Global School Furniture Market 2016-2020
- Furniture Manufacturing Market in Romania 2016-2020
To read more press releases – click here
