At 5.2% CAGR, the Europe School Furniture Market is speculated to be worth US$ 1,759.24 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe school furniture market was valued at US$ 1,297.55 million in 2022 and is expected to reach US$ 1,759.24 million by 2028, registering a CAGR of 5.2% from 2022 to 2028. Increasing use of hybrid technology and growing construction of schools are driving the Europe school furniture market.
Modern education technology has allowed for the formation of hybrid learning environments, where instructors are able to teach in-person conveniently and remote learners simultaneously. One such product is the enrolling tablet chair. This tablet chair features a 360º rotation and a dual right- or left-handed writing tablet chair. Its tablet surface is available with a porcelain steel whiteboard finish, intended to provide space for jotting down notes and ideas, brainstorming, and doodling. Furthermore, classrooms are evolving to keep up with modern teaching practices and technological advancements. Traditional classrooms are no longer convenient for the current generation of students as they do not foster creativity and collaboration. More and more schools are integrating electronic devices such as tablets, computers, and laptops into their education programs. This encouraged government to equip classrooms with specialized educational furniture to support these changes, allowing students to thrive in an ideal learning environment. Educational furniture ideas that will cater to modern classrooms include collaborative education furniture such as desks and chairs with wheels/casters for easy transport, lightweight desks, round modular tables, and furniture with integrated power outlets. In addition to this, tech-inspired educational furniture is one such aspect where the workforce revolves around the use of technology, and schools need to be able to offer their students a way to learn tech skills early on. With tech-inspired classroom furniture, instructors can explore novel teaching avenues and engage their students in a way they are comfortable and familiar with, such as multimedia tables. All these factors are driving the growth of the Europe school furniture market.
On the contrary, fluctuation in prices of wood is hampering the Europe school furniture market growth.
Based on material type, the Europe school furniture market is segmented into wood, metal, plastic, and others. The wood segment held 53.6% market share in 2022, amassing US$ 695.17 million. It is projected to garner US$ 927.21 million by 2028 to expand at 4.9% CAGR during 2022–2028.
Based on product type, the Europe school furniture market is categorized into benches and chairs, desks and tables, storage units, and others. The implantable ventricular assist devices segment held 48.8% market share in 2022, amassing US$ 633.24 million. It is projected to garner US$ 889.37 million by 2028 to expand at 5.8% CAGR during 2022–2028.
Based on distribution channel, the Europe school furniture market is segmented into specialty stores, online retail, and contracts/bids. The specialty stores segment held 65.7% market share in 2022, amassing US$ 852.84 million. It is projected to garner US$ 1,154.97 million by 2028 to expand at 5.2% CAGR during 2022–2028.
Based on country, the Europe school furniture market has been segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 18.3% market share in 2022. It was assessed at US$ 237.71 million in 2022 and is likely to hit US$ 312.62 million by 2028, exhibiting a CAGR of 4.7% during the forecast period.
Key players dominating the Europe school furniture market are Global Industries Inc; MillerKnoll Inc; Steelcase Inc; and Virco Mfg. Corp among others.
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