Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.901 billion | USD 2.92 billion | 5.51% | 2022 |
The U.S. school furniture market size was worth around USD 1.901 billion in 2022 and is predicted to grow to around USD 2.92 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.51% between 2023 and 2030. The report analyzes the U.S. school furniture market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the U.S. school furniture industry.
School furniture is different types of furniture items that are used in education institutes such as colleges, schools, and universities. This includes items such as desks, chairs, tables, cabinets, bookshelves, whiteboards, podiums, and other products that are designed specifically to be used in libraries, classrooms, administrative areas, and laboratories of education facilities. The U.S. school furniture industry refers specifically to the production and distribution of school furniture in the United States, which is one of the world’s most advanced countries. The market encompasses the demand, supply, and trade of school furniture within the country and is influenced by the efforts or undertakings of manufacturers, suppliers, distributors, and retailers of school furniture products. During the forecast period, the growth rate in the market is likely to be steady.
Increasing school enrollment rate to propel market growth
The U.S. school furniture market is projected to grow owing to the increasing rate of school enrollment across the United States territory. Although there are claims that the schooling system in this country is currently struggling to meet international standards in terms of effectiveness when compared to other developed nations, nonetheless, it has one of the most well-established schooling ecosystems across the globe.
A report published by the Department of Education claimed that in the fall of 2021, more than 49 million students were enrolled in public schools. This trend was observed in pre-kindergarten until 12th grade. The number of students enrolled in schools in 2021 was higher than the number in 2020. As the population in the country continues to grow, more children are expected to be enrolled in these education facilities since quality education is one of the primary concerns of the national government.
Severe budget constraints to restrict the market growth
Several education facilities, especially public schools in the US, run on limited budgets and resources. This can pose a significant threat to the U.S. school furniture industry expansion goal as school management may refrain from spending heavily on more efficient school furniture or renovation of the old units.
For instance, public schools receive funding depending on property taxes and hence areas with more wealth tend to get more money when compared to poorer areas. There have been growing concerns over the insufficiency of funding received by public schools.
Increasing adoption of modern learning methods to provide growth opportunities
The U.S. school furniture market is projected to come across several growth opportunities owing to the increasing shift toward modern learning methods such as collaborative learning, project-based learning, and technology integration. These types of learning methods demand furniture that can support the teaching process. Manufacturers can gain more market share by developing innovative furniture solutions that cater to the need for flexible learning spaces, adjustable seating, and technology integration.
Longer sales cycle to challenge market growth
The U.S. school furniture industry may face growth challenges due to the longer sales cycle of school furniture since it tends to be a lengthy process that involves multiple stakeholders during decision-making. Typically, schools have a strict procurement process and it requires necessary approvals from management or committee which can lengthen the time from initial inquiry to final purchase. Furthermore, stricter regulatory compliance measures could lead to loss of revenue as furniture may need to undergo testing and certifications.
The U.S. school furniture market is segmented based on application, product, and region.
Based on application, the regional market segments are library, classroom, and laboratories. The industry witnessed the highest growth in the classroom segment since the types of furniture required in a classroom setting are higher when compared to other areas of an educational facility.
For instance, every classroom needs desks, chairs, whiteboards, storage units, and teacher podiums. These are the minimum components needed to create a fully functional classroom setting. Schools may invest in more variants of furniture depending on their specific needs and budget. Since the classroom is a part of the facility where maximum knowledge transfer occurs, these units must be well-equipped.
Types of furniture used in libraries include bookshelves, study tables, and seating areas whereas laboratories may need specialized workstations, stools, and storage units. As per WeAreTeachers, there are around 90,148 public schools in the US.
Based on product, the regional market is divided into storage units, seating units, and lab furniture. The highest CAGR was observed in the seating units segment which includes desks and chairs. These components form the basic building blocks of any educational facility since students require a spacious and comfortable seating place and hence this segment remains one of the most frequently bought items.
Storage units which include items such as bookshelves, cabinets, and lockers are also common since they are used to store supplies, books, and personal belongings. Despite the demand for storage units being significant, it is relatively less than seating units. Lab furniture is customized and specialized units. The national average of students per public school is around 526 students.
Report Attributes | Report Details |
---|---|
Report Name | U.S. School Furniture Market Research Report |
Market Size in 2022 | USD 1.90 Billion |
Market Forecast in 2030 | USD 2.92 Billion |
Growth Rate | CAGR of 5.51% |
Number of Pages | 226 |
Key Companies Covered | Steelcase Inc., Herman Miller, Inc., Virco Manufacturing Corporation, HON Company, Knoll, Inc., Haworth, Inc., Smith System, KI (Krueger International), VS America, Inc., Bretford Manufacturing, Inc., Scholar Craft, National Office Furniture, MooreCo Inc., Artcobell, Norix Group Inc., Academia Furniture Industries, Paragon Furniture, Inc., Fleetwood Group, Intermetal, Diversified Woodcrafts, Inc., Allied Plastics Co., Inc., AmTab Manufacturing Corporation, W.B. Mason Co., Inc., Cramer, Inc., and SmartDesks. |
Segments Covered | By Application, By Product, and By Region |
Regions Covered | North America and Latin America |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Northeastern region to witness high growth rate
The U.S. school furniture market is expected to witness the highest growth rate in the Northeastern region of the country which is home to some of the most advanced states in the country. Regions such as Massachusetts and New York are home to a large working population with families. These regions are considered ideal for families that wish to enjoy the perks of good job opportunities while also raising children. Furthermore, the region has an exceptionally high focus on quality education and hence there is a growing demand for innovative furniture solutions.
The West region including states such as California, Washington, and Oregon is emphasizing sustainability and innovation and this can be seen in more demand for eco-friendly and technologically advanced furniture options. The U.S. region, in general, can be expected to grow at a steady rate due to the changing rules around schooling facilities with higher importance being given to student safety and comfort.
The U.S. School Furniture market is led by players like:
By Application
By Product
By Region
FrequentlyAsked Questions
School furniture is different types of furniture items that are used in education institutes such as colleges, schools, and universities.
The U.S. school furniture market is projected to grow owing to the increasing rate of school enrollment across the United States territory.
According to study, the U.S. school furniture market size was worth around USD 1.901 billion in 2022 and is predicted to grow to around USD 2.92 billion by 2030.
The CAGR value of the U.S. school furniture market is expected to be around 5.51 % during 2023-2030.
The U.S. school furniture market is expected to witness the highest growth rate in the Northeastern region of the country which is home to some of the most advanced states in the country.
The U.S. school furniture market is led by players like Steelcase Inc., Herman Miller, Inc., Virco Manufacturing Corporation, HON Company, Knoll, Inc., Haworth, Inc., Smith System, KI (Krueger International), VS America, Inc., Bretford Manufacturing, Inc., Scholar Craft, National Office Furniture, MooreCo Inc., Artcobell, Norix Group Inc., Academia Furniture Industries, Paragon Furniture, Inc., Fleetwood Group, Intermetal, Diversified Woodcrafts, Inc., Allied Plastics Co., Inc., AmTab Manufacturing Corporation, W.B. Mason Co., Inc., Cramer, Inc., and SmartDesks.
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