At 5.7% CAGR, Asia Pacific Educational Furniture Market is Projected to be Worth US$ 2,465.27 Million by 2030, Says Business Market Insights

According to Business Market Insights' research, the Asia Pacific educational furniture market was valued at US$ 1,576.93 million in 2022 and is expected to reach US$ 2,465.27 million by 2030, registering a CAGR of 5.7% from 2022 to 2030. Growing demand for modern and flexible learning spaces and increasing focus on sustainability are among the critical factors attributed to the Asia Pacific educational furniture market expansion.

Schools in different parts of the world plan to create dynamic and collaborative learning environments that are adaptable to a wide range of learning styles, and furniture plays a major role in this effort. Modern classrooms are no longer static spaces; rather, they have become fluid and flexible ones that can be easily adapted to meet the changing needs of students and teachers. Moreover, schools are seeking customized furniture that meets their specific needs. As a result, furniture manufacturers are increasingly offering customizable options that allow schools to choose the size, shape, and features of their furniture. Customization can include everything from the color of upholstery to the placement of power outlets and charging ports. The growing demand for such modern learning spaces is contributing to the growth of the educational furniture market.

As schools move away from traditional, lecture-based classrooms, they require furniture that can be easily rearranged to accommodate different learning styles and group sizes. Thus, flexibility is another key driver of the educational furniture market growth. In response, furniture manufacturers are creating modular furniture that can be quickly reconfigured to suit the needs of different learning activities. For example, chairs and desks may be designed to be easily stacked and stored when not in use, or they may be designed to be easily moved around the room to create different seating arrangements, such as the Flex collection from Steelcase.

On the contrary, fluctuations in prices of wood hampers the growth of Asia Pacific educational furniture market.

Based on material, the Asia Pacific educational furniture market is segmented into wood, plastic, metal, and others. The wood segment held 57.6% share of the Asia Pacific educational furniture market in 2022, amassing US$ 908.75 million. It is projected to garner US$ 1,396.01 million by 2030 to expand at 5.5% CAGR during 2022-2030.

In terms of product type, the Asia Pacific educational furniture market is categorized into benches and chairs, desks and tables, storage units, and others. The benches and chairs segment held 48.5% share of the Asia Pacific educational furniture market in 2022, amassing US$ 764.37 million. It is projected to garner US$ 1,235.25 million by 2030 to expand at 6.2% CAGR during 2022-2030.

By end use, the Asia Pacific educational furniture market is bifurcated into institutional and residential. The institutional segment held 69.5% share of Asia Pacific educational furniture market in 2022, amassing US$ 1,096.68 million. It is projected to garner US$ 1,760.75 million by 2030 to expand at 6.1% CAGR during 2022-2030. The institutional segment is further sub segmented into elementary school, secondary school, and higher education.

Based on country, the Asia Pacific educational furniture market is categorized into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. The Rest of Asia Pacific held 41.9% share of Asia Pacific educational furniture market in 2022, amassing US$ 660.10 million. It is projected to garner US$ 988.61 million by 2030 to expand at 5.2% CAGR during 2022-2030.

Key players operating in the Asia Pacific educational furniture market are AFC Furniture Solutions Pvt Ltd, Knoll Inc, Haworth Inc, Vitra International AG, Virco Manufacturing Corp, and Office Line, among others.

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