Retail
The global school furniture market size reached US$ 4.9 Billion in 2023. As per the analysis by IMARC Group, the leading companies in the school furniture industry are tackling the demand by manufacturing lightweight and easy-to-assemble furniture for schools. They are also focusing on coming up with various innovative designs and colors to make their products unique and appropriate for playschools and nursery schools. Key market players are integrating various storage units that are lightweight and durable and utilized for storing books and other stationary items and installed as lockers for students. They are also developing cabinets and storage units that are appropriate for laboratory usage. Key players are selling furniture made from plastic for school children, which can be easily moved and re-organized. They are also introducing foldable chairs and tables, which can be folded and stored when not in use. Key players are specializing in the utilization of various eco-friendly materials, such as salvaged wood, wood pallets, recycled textiles, and wood shavings and grains, to expand their product portfolio, connect with a larger number of customers, and boost their sales. They are also planning mergers and acquisitions (M&As) to amplify their operations and increase the number of distribution channels around the world. Furthermore, key market players are investing in the manufacturing and distribution of innovative furniture products, such as do-it-yourself (DIY) backless chairs, which can be easily stored under tables and enable students to maintain a good posture while sitting. Looking forward, the market to reach US$ 8.3 Billion by 2032, exhibiting a growth rate (CAGR) of 5.8% during 2024-2032.
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The global school furniture market has several major players, including HNI Corporation, Steelcase Inc., and MillerKnoll, Inc. More information about these companies has been provided below.
Establishment: |
1947 |
Headquarters: |
Muscatine, Iowa |
Website: |
https://www.hnicorp.com/ |
HNI Corporation is a leading manufacturer of workplace furnishings and offers a huge collection of furnishings solutions that support the work environment, be it a small home workspace or a large commercial campus. It also focuses on producing various residential building products, such as an entire array of gas, electric, wood, and biomass-burning fireplaces, inserts, stoves, facings, and accessories that are durable and appropriate for complementing the aspects of a modern home. The company strives to sustainably use natural resources, minimize its footprint on the environment, and conduct business in ways that are not negatively impacting the environment. It manufactures furniture, which enhances the overall outlook of the space and ergonomic gaming furniture at affordable prices. HNI Corporation operates on the ideologies of diversity, equity, and inclusion and has created a member-owner culture as per empowerment and accountability. The company is working to establish the resources and structures needed to support an equitable and inclusive work environment. It focuses on recruiting diverse talent and supporting women in by launching its Women in STEM program, which is designed to empower and support women to achieve their full potential in engineering and technical careers and utilize valuable networking opportunities.
Establishment: |
1912 |
Headquarters: |
Michigan, United States |
Website: |
https://www.steelcase.com/ |
Steelcase Inc. focuses on offering a wide range of architecture, furniture, and technology products and services, which are designed to help people reach their full potential. The company specializes in designing spaces to help people work, learn, and grow at the same time. It has created dynamic and high-performing interiors in the business, education, and health sectors and pledges to conduct business with integrity to build a more sustainable, inclusive, and equitable global society. The company manufactures computer chairs, educational lounge seating, desks and tables, classroom storage units, whiteboards, and various other accessories, which are capable of providing long-lasting applications and enhancing the overall look of classrooms. It also manufactures innovative-looking furniture with durable qualities for office spaces and home offices to assist individuals in maintaining good posture while working for long hours and create an aesthetic-looking workplace. Steelcase Inc. manufactures sustainable furniture with carbon-neutral product certification for completely offsetting emissions. The company encourages sustainable product designs to impart minimum impact on the environment.
Establishment: |
1946 |
Headquarters: |
Michigan, United States |
Website: |
https://www.millerknoll.com/ |
MillerKnoll, Inc. is a collection of dynamic brands that collaborate to design sustainable, equitable, and innovative furnishing products and services. The company focuses on creating durable furniture with modern designs and practical aspects, which enhance the look of the interior design of a space. It is also focusing on developing the first global network of ocean-bound plastic supply chains by utilizing various plastic products polluting the oceans to manufacture a wide variety of products. It manufactures high-quality office furniture, which helps in improving the outlook of a workspace and enabling individuals to work comfortably. It is also specializing in manufacturing ergonomic monitor arms which can support single, dual, and multiple screens while offering unparallel individual adjustments.
About Author:
Shree Basu Senior Content Writer at IMARC Services Private Limited Shree Basu is an experienced content writer with a passion for researching about diverse markets, ranging from technology to chemistry to agriculture. She has around two years of experience in different aspects of market research and has worked with multiple startups and enterprises in the B2B, B2C, and retail industries. In her free time, Shree enjoys reading, feeding stray animals, and watching crime documentaries. |
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