Market Size of North America K-12 Furniture Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
North America K-12 Furniture Market Analysis
North America K-12 Furniture Market has generated a revenue of USD 4 billion in the current year and is expected to register a CAGR of 5% for the forecast period. The sudden COVID-19 pandemic in 2020 changed the face of the furniture industry on a large scale. The disruptions in the supply chain and the temporary ban on global trade affected countries with high dependencies on imports for their furniture needs. The pandemic forced around 58% of the world's population to switch to the stay-at-home protocol for a longer time, which motivated customers to optimize their homes and furniture with the increased time spent at home. COVID-19 heightened the importance of reducing the reliance on imports and improving automation and digitalization in the industry.
An increase in the number of K-12 schools worldwide and growing awareness about the importance of education has led to a rise in the enrollment of students, which, in turn, is driving the demand for desks and chairs. The development of innovative products, such as portable furniture and flip classrooms, owing to technological development with the increasing demand for eco-friendly furniture, also boosts the market growth. The rising demand for ergonomically-designed furniture from educational institutes is one of the major factors driving the market growth.
K-12 learning space requires a unique solution to deliver comfort, focus, and support for students and teachers. K-12 furniture is used in classrooms, cafeterias, libraries, offices, and other areas. School furniture transforms a classroom from a static physical space into a dynamic learning environment. As technology evolves, it is not shocking to note how massively classrooms have been transformed in the past few years.
Usually made from wood, metal, and plastic, the latest classrooms are designed in a way that is considered effective for use and beneficial for physical health. The rising demand for ergonomically-designed furniture from educational institutes is one of the major factors driving the market growth. Today's students are getting more real-world experience creating solutions, exploring new ideas, and deconstructing things in maker spaces. Supporting these kinetic hands-on activities requires different tools, such as adaptable storage, tables, and mobile whiteboards that bring students closer to their work.
