The global school furniture products market was valued at USD 33.8 billion in 2022 and is projected to expand at a CAGR of 4.3% from 2023 to 2030. The increasing number of educational institutions, rising demand for ergonomic furniture, and growing focus on creating comfortable learning environments are among the key factors driving the school furniture products market. Furthermore, with the rise of technology and advancements in the education sector, the demand for technologically advanced furniture is growing. For instance, in November 2021, Learning Environments, a furniture manufacturing company, launched a new range of tech-enabled school furniture to enhance the learning experience of students.

In addition, the growing awareness of health and safety in schools is also driving the demand for school furniture products. For instance, in January 2021, the Centers for Disease Control and Prevention (CDC) issued guidelines for schools to ensure students’ safety from the spread of COVID-19. The guidelines recommend that schools provide adequate space for social distancing, which is expected to drive the demand for school furniture products.

The increasing adoption of modular furniture, which can be easily rearranged and moved, is also driving the demand for school furniture products. Furthermore, the emergence of virtual and hybrid learning models has further contributed to the growth of the school furniture products market. For instance, in April 2021, Google launched the Google Classroom app to make it easier for teachers to reach remote students. This app has enabled teachers to track student attendance, assign work, and manage virtual classrooms.

The growing trend of green furniture is also expected to drive the market growth. For instance, in August 2020, the California Department of Education announced the launch of the Green Ribbon Schools award program to recognize California schools that are committed to reducing their environmental impact. The program is focused on creating sustainable, eco-friendly school environments that are equipped with green furniture.

The increasing number of international students is also providing an impetus to the school furniture products market. For instance, in January 2021, the U.S. had 1.6 million international students enrolled in higher education institutions, according to the Institute of International Education.

Moreover, the increasing disposable income of households is further driving the market growth. Furthermore, the rising demand for student-centric furniture is also fueling the market growth. Companies such as Steelcase and HNI Corporation are investing heavily in research and development to create innovative student-centric furniture solutions.

The desks and chairs segment dominated the school furniture market and accounted for the largest share in 2022. The growth of this segment can be attributed to the increasing demand for multipurpose desks and chairs that can be used by students of various age groups. Moreover, the growing demand for ergonomically designed desks and chairs that offer comfort and support to students is also driving the market for school furniture. Furthermore, the emergence of new technologies such as augmented reality and virtual reality in the classrooms is expected to create lucrative opportunities for the desks and chairs segment over the forecast period.

The lab furniture segment is anticipated to expand at the highest CAGR over the forecast period. This can be attributed to the increasing demand for laboratory furniture in educational institutions. Moreover, the growing trend of smart classrooms with the use of advanced technologies such as artificial intelligence and the internet of things is driving the market for lab furniture. Furthermore, the increasing expenditure by governments of various countries on education is also expected to drive the demand for lab furniture over the forecast period.

The market for school furniture products is largely driven by the retail sector. Retailers are the main channel for school furniture products, with the segment accounting for a share of over 37.4% in 2022. This is mainly due to the availability of a wide range of products in the retail outlets. Moreover, the presence of numerous small-scale and large-scale retailers across the globe is adding to the growth of the retail segment.

The online segment is anticipated to expand at the highest CAGR of 13.6% over the forecast period. This rapid growth in the online segment is attributed to the rising preference for online shopping among millennials and Gen Z population. The growing penetration of the internet and increasing use of smartphones are significantly driving the online sales of school furniture products. Moreover, the presence of numerous online retailers such as Amazon, Walmart, and Target is further contributing to the growth of the online segment.

The institutional segment accounted for the largest revenue share of 45.4% in the year 2022. The increasing number of schools and universities across the globe is driving the demand for school furniture. The growing demand for technologically advanced furniture from educational institutions is likely to further drive the market in the forecasted period. For instance, in May 2021, Steelcase Inc., a provider of office furniture, launched the SILQ chair, an ergonomic chair designed for educational institutions. Furthermore, with the increasing focus on green building initiatives, the demand for eco-friendly school furniture is also increasing.

The residential segment is anticipated to expand at the highest CAGR of 8.7% over the forecast period. The increasing demand for school furniture from households is expected to drive the market during the forecast period. The rising trend of studying at home is creating a demand for comfortable and durable furniture, as students are spending more time at home. Companies such as Steelcase Inc. are introducing ergonomic school furniture for residential use. For instance, in December 2020, the company launched the Leap chair designed for residential use.

Europe is expected to witness the fastest growth in the coming years, owing to the increasing demand for comfortable and ergonomic furniture from educational institutions. The European school furniture market is driven by several factors, such as the increase in funding for educational institutes, the growing number of school buildings, and the rising focus on student safety. Moreover, the increasing demand for green furniture is also expected to drive the growth of the market. For instance, in August 2021, the UK-based furniture company, School Furniture Company, launched a new range of eco-friendly furniture, made from recycled plastic and wood.

North America is expected to account for the second-largest share of the market. The presence of prominent players in the region and the increasing demand for technologically advanced school furniture is expected to drive the growth of the market in the coming years. Moreover, the increasing government initiatives to promote the use of eco-friendly furniture products is also expected to fuel the growth of the market in the region. For instance, in April 2021, the U.S. Department of Education announced an investment of $5 million to promote the use of green furniture in schools.

In this part of the school furniture products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for the school furniture products business comes from the sale of furniture to schools, universities, and other educational establishments. Here you will find a list with a description of possible sources of profit such as bulk orders, discounts, and sales of additional accessories.

Projecting Expenses
In this section, all the regular expenses related to keeping the school furniture products business running will be described. The list of operating expenses includes research and development costs, administrative costs, payroll, marketing and advertising costs, rent or lease payments, insurance policies, and other miscellaneous expenses.

Some of the key companies operating in the school furniture market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In April 2022, Steelcase Inc. launched the Leap Ergonomic Chair, a chair specifically designed to support students’ posture and comfort during long periods of study.

– In June 2022, Herman Miller, Inc. launched its new Embody Chair, a chair designed to keep students comfortable while studying.

– In August 2022, HNI Corporation launched its new Study Table range, designed to provide extra storage and adjustable height.

Some of the prominent players in the school furniture market include:

– Steelcase Inc.
– Herman Miller, Inc.
– HNI Corporation
– Knoll, Inc.
– DMI Furniture, Inc.
– Virco, Inc.
– KI Furniture
– Interior Concepts, Inc.
– Hon Company
– Coalesse

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global school furniture products market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Desks
– Chairs
– Storages
– Tables
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Online
– Offline
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Standard
– Customized

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the Factors Driving the School Furniture Market?
[A]: Factors such as the rising demand for ergonomic furniture in educational institutions, the increasing trend of using multi-purpose furniture, and the increasing number of private educational institutions are driving the school furniture market.

[Q]: Who are the Key Players in the School Furniture Market?
[A]: Key players in the school furniture market include Herman Miller Inc., Steelcase Inc., KI, HNI Corporation, VS America, Inc., Haworth Inc., Smith System Manufacturing Corporation, The HON Company, KI, OFS Brands Inc., and Norix Group Inc.

[Q]: What is the Potential of Product Innovation?
[A]: Product innovation has played a major role in the growth of the school furniture market. School furniture companies are introducing innovative designs to attract more customers in the market. Manufacturers are focusing on ergonomic designs and are introducing furniture that can be easily assembled or disassembled for easy transportation and storage.

[Q]: What Region Offers the Largest Opportunity for Sales of School Furniture?
[A]: North America is expected to be the largest market for school furniture due to the presence of a large number of educational institutions and the increasing demand for quality furniture.

[Q]: What are the Trends in the School Furniture Market?
[A]: Increasing demand for multi-purpose furniture, increasing adoption of modular furniture, and increasing demand for ergonomic furniture are some of the major trends in the school furniture market.