5th Floor, Brigade Towers,
Financial District, Gachibowli,
Hyderabad - 500032,
The Market is segmented By Type (Metal, Wood and Others), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, and Others), By End-User (Schools, Libraries, Churches, Theaters, and Others), and By Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa)
Fastest Growing Market:
The Institutional Furniture Market is anticipated to grow at a CAGR of 7% during the forecast period. The growth in the institutional furniture market is due to emerging markets growth, rise in disposable income, and technology development.
A complete background analysis of the Market, which includes an assessment of the parental market, emerging trends by segments and regional markets, Significant changes in market dynamics and market overview is covered in the report. The report also features the qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
|By Distribution Channel|
|Supermarkets & Hypermarkets|
|Middle East and Africa|
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Schools end-use segment is accounting larger market share from the past few years. School furniture plays an active and crucial role in transforming a classroom from a static physical space into a dynamic learning environment. Usually made from wood, metal, and plastic, it is designed in a way which is not only considered effective for use but also beneficial for physical health.
The rising demand for ergonomically designed furniture from educational institutes is one of the major factors driving the market growth. The usage of low-quality furniture in classrooms can often lead to discomfort, which may further result in the development of certain health issues. As a result, several schools across the globe are adopting desks and chairs equipped with wheels and spacious cabinets, which provide enhanced convenience.
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In terms of revenue, from the past few years, Asia-Pacific is the largest geographic region market. APAC expected to contribute significantly to the Institutional Furniture Market owing to the rising commercial construction activities in the market. The region is the most lucrative market across the globe owing to emerging economies such as India and China. Further, the innovation of the products by manufacturers in China, Korea, and Japan is fueling the growth of the market in this region. The rise in North American users have a spending capacity and tend to adopt costlier products faster than other geographies.
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The report covers major international players operating in the Institutional Furniture Market. Some of the key players in the market are Herman Miller, Inc, HNI Corporation, Steelcase and Knoll, Inc. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets. Companies are adopting a sustainable approach for production, integration of technology with furniture, nearshore manufacturing are the major trends witnessed in the market.
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.4 Trends Shaping the Institutional Furniture Market
4.5 Porter's Five Forces Analysis
4.6 Industry Value Chain Analysis
4.7 Technological Innovations
5. MARKET SEGMENTATION
5.1 By Type
5.2 By Distribution Channel
5.2.1 Supermarkets & Hypermarkets
5.2.2 Specialty Stores
5.3 By End-User
5.4.1 North America
5.4.4 South America
5.4.5 Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Herman Miller, Inc.
6.1.2 HNI Corporation
6.1.4 Knoll, Inc.
6.1.5 Smith System, Inc.
6.1.6 Seats Inc.
6.1.7 Krueger International, Inc.
6.1.8 Edsal Manufacturing Company
6.1.9 Irwin Seating Company
6.1.10 Bonton Furniture
6.1.11 Okamura Corporation*
7. MARKET OPPORTUNITIES AND FUTURE TRENDS