Asia-Pacific School Furniture Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.39 Billion |
| Market Size (2029) | USD 6.15 Billion |
| CAGR (2024 - 2029) | 7.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific School Furniture Market Analysis
The Asia-Pacific School Furniture Market size is estimated at USD 4.39 billion in 2024, and is expected to reach USD 6.15 billion by 2029, growing at a CAGR of 7% during the forecast period (2024-2029).
Asia-Pacific is the fastest-growing school furniture market, followed by North America and Europe. The focus of government policies and basic education access across all the countries in Asia-Pacific is expected to drive the growth of the school furniture market in the region.Asia-Pacific is the fastest-growing school furniture market, followed by North America and Europe. The focus of government policies and basic education access across all the countries in Asia-Pacific is expected to drive the growth of the school furniture market in the region.
The outbreak of the Covid-19 pandemic significantly impacted the Asia-Pacific school furniture market. With schools shutting down or moving to online learning platforms to comply with social distancing guidelines and lockdowns, the demand for school furniture has decreased. The pandemic has also disrupted the supply chain of the school furniture market, with delays in manufacturing and shipping due to lockdowns and travel restrictions. This has resulted in a shortage of raw materials and finished products, leading to increased prices and longer delivery times. The pandemic has had a negative impact on the Asia-Pacific school furniture market. Still, the market is expected to recover gradually in the coming years as schools resume in-person learning and implement measures to ensure the safety and health of students and staff.
An increase in the number of school construction and the number of students enrolled in higher education in the region may drive the market for school furniture in the developing economies of the region. According to a source, the number of students enrolled in higher education is expected to increase to 380 million in seven years, which will significantly increase the number of schools and the demand for furniture in these schools. In India and China, the number of enrolments is expected to grow continuously, as these regions have a high percentage of the young population, thus providing a lucrative opportunity for the growth of school furniture in the market. There is a surge in the demand for multifunctional and ergonomically designed seating furniture in the market to provide comfortable learning to students, which will further increase the demand for school furniture in the region. Storage furniture with multifunctional usage is gaining traction in the school furniture market. The schools in the region also prefer eco-friendly school furniture.
Asia-Pacific School Furniture Market Trends
Increase in the Number of International Schools is Expected to Drive the Demand for this Market
The Asia-Pacific School Furniture Market has grown in recent years due to the increasing number of international schools in the region. As more expatriates and local families seek international education for their children, the demand for school furniture has risen. International schools often require high-quality furniture that is both functional and aesthetically pleasing. This has led to an increase in demand for customized furniture that can cater to the specific needs of these schools. Additionally, international schools tend to have larger budgets, which allows them to invest in high-end furniture that can provide a comfortable and conducive learning environment for their students.
Moreover, the growth of e-learning and digitalization has also impacted the school furniture market in the region. With the increasing use of technology in classrooms, schools are now looking for furniture that can accommodate electronic devices and support digital learning. Overall, the Asia-Pacific School Furniture Market is expected to grow in the coming years as more international schools are established and existing schools upgrade their facilities to keep up with changing educational trends.
Seating Segment Dominated the School Furniture Product Category
The seating segment dominated the Asia-Pacific market as Chairs and tables are widely used in the classrooms of the schools in the region. This is because seating is one of the most essential furniture in a classroom, as it directly affects students' comfort and concentration levels.
The seating segment includes chairs, desks, tables, and other seating arrangements designed specifically for schools. These products are available in various materials, designs, and sizes and are tailored to different age groups and learning requirements. For example, chairs for primary school students are often smaller and more colorful, while chairs for older students are more oversized and ergonomic.
The increasing number of schools drives the demand for seating products in the Asia-Pacific school furniture market, the growing focus on providing comfortable learning environments, and the rising demand for customized and innovative seating solutions. Other key factors include wide application, durability, and the ability to add mobility and functionality to increase the use of seating furniture in the market. Flexible seating is becoming a staple seat part of the classroom environment. Chairs that allow students to choose where and how they sit while they learn are becoming important in today’s classrooms. Students, teachers, and parents are coming to know the benefit of flexible seating as students can change the movement of the chair whenever they want, depending on their mood.
Asia-Pacific School Furniture Industry Overview
The market studied is fragmented, with massive competition for the cost and quality of school furniture. Companies are adding new capacities and aim at cost and quality leadership, which shall improve profitability in the market. Major players in the market are Haworth, Steelcase, Knoll, and Teknion.
Asia-Pacific School Furniture Market Leaders
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Haworth Inc.
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Steelcase Inc.
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Knoll, Inc.
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Sebel Furniture
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Teknion
*Disclaimer: Major Players sorted in no particular order
Asia-Pacific School Furniture Market News
- November 2022: A school furniture manufacturer called Steelcase Education Asia-Pacific launched a new range of seating products designed specifically for university classrooms. The new range features innovative designs that promote collaboration and interaction among students.
- September 2022: The Ministry of Education in Singapore announced that it will be investing SGD 4 billion (USD 2.9 billion) in upgrading school facilities, including furniture, over the next five years. The investment aims to create a more comfortable and conducive learning environment for students.
Asia-Pacific School Furniture Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
- 4.4 Industry Value Chain Analysis
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4.5 Industry Attractiveness - Porter's Five Forces Analysis
- 4.5.1 Bargaining Power of Suppliers
- 4.5.2 Bargaining Power of Buyers
- 4.5.3 Threat of New Entrants
- 4.5.4 Threat of Substitutes
- 4.5.5 Intensity of Competitive Rivalry
- 4.6 Insights of Technology Innovations in the Market
- 4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Product
- 5.1.1 Seating (Desk and Chair)
- 5.1.2 Storage furniture
- 5.1.3 Lab furniture
- 5.1.4 Other Products
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5.2 By Application
- 5.2.1 Classroom
- 5.2.2 Library and Labs
- 5.2.3 Other Applications
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5.3 By Countries
- 5.3.1 China
- 5.3.2 India
- 5.3.3 Australia
- 5.3.4 Japan
- 5.3.5 Other Countries
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
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6.2 Company Profiles
- 6.2.1 Haworth Inc.
- 6.2.2 Steelcase Inc.
- 6.2.3 Knoll Inc.
- 6.2.4 Teknion
- 6.2.5 SmartEd Inc.
- 6.2.6 Sebel
- 6.2.7 Popcorn Furniture and Lifestyle Pvt. Ltd
- 6.2.8 Guangzhou Everpretty Furniture Co. Ltd
- 6.2.9 Zhangzhou Jiansheng Furniture Co. Ltd
- 6.2.10 Chanakya Furniture*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
** Subject To AvailablityAsia-Pacific School Furniture Industry Segmentation
The Asia-Pacific school furniture market report focuses on the exhaustive overview, market dynamics, trends, and demand for school furniture. The report highlights key trends and factors driving the market, along with certain restraints imposed on the market. Moreover, the key profiles of the manufacturers in the market are also provided in detail.
The Asia-Pacific School Furniture Market is segmented by type of product (seating, storage furniture, lab furniture, and other materials), application (classroom, library and labs, and other applications), and country (China, India, Australia, Japan, and other countries). The report offers Market size and forecasts for Asia-Pacific School Furniture Market in value (USD) for all the above segments.
| By Product | Seating (Desk and Chair) |
| Storage furniture | |
| Lab furniture | |
| Other Products | |
| By Application | Classroom |
| Library and Labs | |
| Other Applications | |
| By Countries | China |
| India | |
| Australia | |
| Japan | |
| Other Countries |
Asia-Pacific School Furniture Market Research FAQs
How big is the Asia-Pacific School Furniture Market?
The Asia-Pacific School Furniture Market size is expected to reach USD 4.39 billion in 2024 and grow at a CAGR of 7% to reach USD 6.15 billion by 2029.
What is the current Asia-Pacific School Furniture Market size?
In 2024, the Asia-Pacific School Furniture Market size is expected to reach USD 4.39 billion.
Who are the key players in Asia-Pacific School Furniture Market?
Haworth Inc., Steelcase Inc., Knoll, Inc., Sebel Furniture and Teknion are the major companies operating in the Asia-Pacific School Furniture Market.
What years does this Asia-Pacific School Furniture Market cover, and what was the market size in 2023?
In 2023, the Asia-Pacific School Furniture Market size was estimated at USD 4.08 billion. The report covers the Asia-Pacific School Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific School Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
APAC School Furniture Industry Report
Statistics for the 2024 APAC School Furniture market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. APAC School Furniture analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
