At 4.6% CAGR, South & Central America Educational Furniture Market is Projected to be Worth US$ 700.43 Million by 2030, Says Business Market Insights

According to Business Market Insights' research, the South & Central America educational furniture market was valued at US$ 490.36 million in 2022 and is expected to reach US$ 700.43 million by 2030, registering a CAGR of 4.6% from 2022 to 2030. Growing popularity of ergonomic furniture and increasing focus on sustainability are among the critical factors attributed to the South & Central America educational furniture market expansion.

As many people spend extended periods sitting at desks and workstations, ergonomic furniture has become a major trend in recent years. This trend has extended to the education sector, where students and teachers spend long hours sitting at desks and tables. Creating learning environments that keep students focused and comfortable has become one of the prime goals of educators, which has increased the demand for ergonomically designed furniture to avoid health issues arising from incorrect body postures while sitting. Ergonomic furniture is designed to promote healthy posture and reduce the risk of musculoskeletal disorders caused by prolonged sitting. Ergonomic chairs, desks, and tables can be adjusted to accommodate different heights and body types, and are designed to provide support for the back, neck, arms, and wrists. Raw materials that are more durable, sustainable, and stable than traditional ones are used in the production of ergonomic furniture. For example, materials such as processed or engineered wood, molded plastics, and high-pressure laminates are used to manufacture chairs, benches, and tables for schools. Further, furniture with additional storage options acts as a space-saving solution in smaller, more compact classrooms, and its demand has increased significantly in recent years. For instance, CBT Supply, Inc. dba Smartdesks produces smart tables and chairs with stackable options and multifunctional applications for classrooms and school offices. Thus, the emerging trend of ergonomic furniture is likely to boost the growth of the education furniture market during the forecast period.

On the contrary, fluctuations in prices of wood hampers the growth of South & Central America educational furniture market.

Based on material, the South & Central America educational furniture market is segmented into wood, plastic, metal, and others. The wood segment held 60.6% share of the South & Central America educational furniture market in 2022, amassing US$ 297.16 million. It is projected to garner US$ 417.65 million by 2030 to expand at 4.3% CAGR during 2022-2030.

In terms of product type, the South & Central America educational furniture market is categorized into benches and chairs, desks and tables, storage units, and others. The benches and chairs segment held 52.1% share of the South & Central America educational furniture market in 2022, amassing US$ 255.64 million. It is projected to garner US$ 375.95 million by 2030 to expand at 4.9% CAGR during 2022-2030.

By end use, the South & Central America educational furniture market is bifurcated into institutional and residential. The institutional segment held 67.0% share of South & Central America educational furniture market in 2022, amassing US$ 328.44 million. It is projected to garner US$ 475.90 million by 2030 to expand at 4.7% CAGR during 2022-2030. The institutional segment is further sub segmented into elementary school, secondary school, and higher education.

Based on country, the South & Central America educational furniture market is categorized into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America held 43.4% share of South & Central America educational furniture market in 2022, amassing US$ 212.77 million. It is projected to garner US$ 304.73 million by 2030 to expand at 4.6% CAGR during 2022-2030.

Key players operating in the South & Central America educational furniture market are Knoll Inc, Haworth Inc, Vitra International AG, and Virco Manufacturing Corp, among others.


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