School Furniture market Size Research and Analysis | Forecast 2022-2031

NEW YORK - Oct. 11, 2022 - PRLog -- The global school furniture market reached a value of US$ 4.5 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 6.6 Billion by 2027, exhibiting at a CAGR of 6.6% during 2022-2027

The market is experiencing a slowdown in growth due to increased attention being paid to education both in urban and rural areas, as well as compulsory basic education programs provided by governments all over the globe. Market demand is expected to rise due to the growing demand for flexible furniture, which can be adapted to changing space configurations and can accommodate rising posture problems in children.

Flexible school furniture is in high demand due to the growing popularity of ergonomic furniture that provides comfortable seating. Multi-functional tables and chairs can be used in schools, libraries, laboratories, and classrooms. There is also a growing demand. Many new raw materials are being used to make furniture. These materials have proved more durable, stable, and long-lasting than traditional materials. This has been a major factor in the market's growth. To make tables, chairs, and benches for classrooms and schools, many manufacturers use materials like molded plastic, engineered or processed wood, and high-pressure laminate. In smaller classrooms with limited space, furniture with more storage options can be a space-saving solution. This has been a trend in recent years. CBT Supply DBA Smartdesks makes smart chairs and tables that can be stacked and have multi-functional uses for offices and classrooms.

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Market growth has been significantly influenced by the increasing number of schools being built, particularly in developing countries. ISC Research, a leading supplier of data on international schools, reports that there were approximately 10,300 English-medium international high schools in the world as of January 2019, with 5.6 million students enrolled. RMIT University, Melbourne, found that higher education enrollment will rise from 216 million students in 2016 to 380 million by 2030. The Asia Pacific and the Middle East will be hugely lucrative markets for school furniture, with rising economies like India, China, Saudi Arabia, and Saudi Arabia continuing to enroll more students.