With Market Size Valued at $6.3 Billion by 2026, it`s a Healthy Outlook for the Global School Furniture Market

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Sep 24, 2021, 10:40 ET

SAN FRANCISCO, Sept. 24, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "School Furniture - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 1032
Companies: 14 - Players covered include Fleetwood Group; Haworth Inc.; Herman Miller; HNI Corporation; Knoll, Inc.; MOBeduc; Office Line; Scholar Craft; Smith System; Smith System Mfg. Co; Steelcase; Virco; Vitra International AG; VS America, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Product (Seating Furniture, Storage Units, Lab Furniture, Other Products); Application (Classroom, Library & Labs, Other Applications)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global School Furniture Market to Reach $6.3 Billion by 2026
Amid the COVID-19 crisis, the global market for School Furniture estimated at US$4.5 Billion in the year 2020, is projected to reach a revised size of US$6.3 Billion by 2026, growing at a CAGR of 5.7% over the analysis period. Seating Furniture, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$3.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Storage Units segment is readjusted to a revised 6.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.3 Billion in 2021, While China is Forecast to Reach $1.3 Billion by 2026
The School Furniture market in the U.S. is estimated at US$1.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2026 trailing a CAGR of 9.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.

Lab Furniture Segment to Reach US$847.6 Million by the year 2026
In the global Lab Furniture segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$473.7 Million in the year 2020 will reach a projected size of US$658.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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