According to a new report, published by KBV research, The Global School Furniture Market size is expected to reach $5.7 billion by 2029, rising at a market growth of 5.8% CAGR during the forecast period.
The Seating Furniture segment is showcasing a CAGR of 6% during (2023 - 2029). The widespread need for it in all educational institutions can be traced to this growth. To create a welcoming and useful learning environment, such things are necessary. Insufficient seating can cause pupils to become disoriented or uncomfortable, which might impair their capacity to learn. Schools frequently need to purchase a sizable quantity of tables and chairs to outfit their classrooms. Since there is such a high demand for seating furniture, the market is constantly expanding.
The Classroom segment acquired maximum revenue share in the Global School Furniture Market by Application in 2022 thereby, achieving a market value of $3.9 billion by 2029. The sheer number of classrooms that require to be renovated and furnished in schools all over the world causes a significant demand for classroom furniture. Every classroom needs different furniture, such as desks, seats, storage units, and whiteboards. As a result of growing advancements in the raw materials used to produce classroom furniture, reconfiguration and ergonomically engineered furniture for classrooms are increasingly drawing more attention.
The North America market dominated the Global School Furniture Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $2.3 billion by 2029. The Europe market is exhibiting a CAGR of 5.4% during (2023 - 2029). Additionally, The Asia Pacific market would showcase a CAGR of 6.9% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/school-furniture-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of MillerKnoll, Inc., Virco Mfg. Corporation, The HON Company (HNI Corporation), Smith System, Hertz Furniture, VS America, Inc., Paragon Furniture, Inc., Haskell Education, Marco Group, Inc. and Fleetwood Group.
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