Market Trends of Institutional Furniture Industry
Schools' End-User Segment is Dominating the Market
Over the last few years, the schools' end-user segment has accounted for a larger share of the market. 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 that is considered effective for use and beneficial for physical health.
One of the main things driving the growth of the market is that educational institutions are increasingly looking for furniture that is made with ergonomics in mind. When low-quality furniture is used in classrooms, it can often make people feel uncomfortable, which can lead to health problems. Because of this, many schools around the world are getting desks and chairs with wheels and large cabinets, which make things easier.
Asia-Pacific Region is Dominating the Market
In terms of revenue, Asia-Pacific has been the largest geographic region market for the past few years. Due to more commercial construction, APAC is likely to have a big impact on the market for institutional furniture. Due to growing economies like India and China, this area is the most profitable market in the world. Also, the growth of the market in this area is helped by the fact that companies in China, South Korea, and Japan are coming up with new ways to make their products. The rising numbers of North American users have a spending capacity and tend to adopt costlier products faster than in other geographical areas.
