Institutional Furniture Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | 6.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Institutional Furniture Market Analysis
The Institutional Furniture Market is expected to register a CAGR of greater than 6% during the forecast period(2024-2029).
Companies that produce furniture for schools, libraries, churches, and theaters also produce institutional furniture that serves a variety of purposes. The institutional furniture market is growing because of growth in emerging markets, a rise in disposable income, and changes in technology. In the past few years, there has been a growing focus on making public spaces like schools and hospitals more comfortable and useful. This has made more people want furniture that is built to last, is good for your body, and looks good.
Players are making their manufacturing processes more environmentally friendly because more and more people are interested in living in a sustainable way. This has led to a rise in demand for eco-friendly furniture, such as by reducing the amount of fuel used and recycling scrap metal and wood.
Several things, like a lack of resources, problems with the workforce, and rising inventory levels, are likely to slow down the production of institutional furniture.
It's important to note that the COVID-19 pandemic had a big effect on the furniture industry. This was because many companies had to switch to remote work and learning, which may have hurt the demand for traditional furniture like desks and chairs. Post-COVID-19, there has been an increased focus on creating furniture that is easy to clean and sanitize, which has further driven demand for new designs and materials.
Institutional Furniture Market Trends
Schools' End-User Segment is Dominating the Market
Over the last few years, the schools' end-user segment has accounted for a larger share of the market. School furniture plays an active and crucial role in transforming a classroom from a static physical space into a dynamic learning environment. Usually made from wood, metal, and plastic, it is designed in a way that is considered effective for use and beneficial for physical health.
One of the main things driving the growth of the market is that educational institutions are increasingly looking for furniture that is made with ergonomics in mind. When low-quality furniture is used in classrooms, it can often make people feel uncomfortable, which can lead to health problems. Because of this, many schools around the world are getting desks and chairs with wheels and large cabinets, which make things easier.
Asia-Pacific Region is Dominating the Market
In terms of revenue, Asia-Pacific has been the largest geographic region market for the past few years. Due to more commercial construction, APAC is likely to have a big impact on the market for institutional furniture. Due to growing economies like India and China, this area is the most profitable market in the world. Also, the growth of the market in this area is helped by the fact that companies in China, South Korea, and Japan are coming up with new ways to make their products. The rising numbers of North American users have a spending capacity and tend to adopt costlier products faster than in other geographical areas.
Institutional Furniture Industry Overview
The market studied is fragmented with the involvement of many players. Some of the key players in the market are Herman Miller Inc., HNI Corporation, Steelcase, and Knoll Inc. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets. Companies are adopting a sustainable production approach, and technology integration with furniture and nearshore manufacturing are the major trends witnessed in the market.
Institutional Furniture Market Leaders
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Herman Miller, Inc.
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HNI Corporation
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Steelcase
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Knoll, Inc.
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Seats Inc.
*Disclaimer: Major Players sorted in no particular order
Institutional Furniture Market News
- June 2023: HNI Corporation acquired Kimball International Inc., a leading commercial furnishings company with expertise in workplace, health, and hospitality. The combination creates a market leader with proforma revenue of approximately USD 3 billion
- April 2022: Knoll partnered with the Illinois Institute of Technology (IIT) Mies van der Rohe Society to transform the lobby space in the Michael Paul Galvin Tower into a gallery.
- April 2022: Haworth opened a new office furniture showroom of 6,700 square feet at the T3 Building in the Atlantic Station and Midtown area of Atlanta. The new Atlanta showroom demonstrates its family of brands with individual work points and collaboration spaces.
Institutional 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
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
- 4.4 Industry Value Chain Analysis
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4.5 Porter's Five Forces Analysis
- 4.5.1 Bargaining Power of Buyers
- 4.5.2 Bargaining Power of Suppliers
- 4.5.3 Threat of New Entrants
- 4.5.4 Threat of Substitutes
- 4.5.5 Intensity of Competitive Rivalry
- 4.6 Insights into Technological Advancements in the Industry
- 4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Type
- 5.1.1 Metal
- 5.1.2 Wood
- 5.1.3 Other Types
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5.2 By End-User
- 5.2.1 Schools
- 5.2.2 Libraries
- 5.2.3 Churches
- 5.2.4 Theaters
- 5.2.5 Other End-Users
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5.3 By Distribution Channel
- 5.3.1 Supermarkets & Hypermarkets
- 5.3.2 Specialty Stores
- 5.3.3 Online
- 5.3.4 Other Distribution Channels
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5.4 Geography
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia-Pacific
- 5.4.4 South America
- 5.4.5 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Herman Miller, Inc.
- 6.1.2 HNI Corporation
- 6.1.3 Steelcase
- 6.1.4 Knoll, Inc.
- 6.1.5 Smith System, Inc.
- 6.1.6 Seats Inc.
- 6.1.7 Haworth
- 6.1.8 Krueger International, Inc.
- 6.1.9 Edsal Manufacturing Company
- 6.1.10 Irwin Seating Company
- 6.1.11 Bonton Furniture
- 6.1.12 Okamura Corporation*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Institutional Furniture Industry Segmentation
Institutional furniture is made by companies that make furniture for schools, libraries, churches, and theaters that can be used for many different things. The report gives a full background analysis of the market, including an analysis of the market for parents, new trends in segments and regional markets, big changes in the way the market works, and an overview of the market. The report also has both qualitative and quantitative analyses based on data collected from industry analysts and market participants at key points in the value chain of the industry.
The Institutional Furniture Market Is Segmented By Type (Metal, Wood, And Other Types), By End-User (Schools, Libraries, Churches, Theaters, And Other End-Users), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, And Other Distribution Channels), And By Geography (North America, Europe, Asia-Pacific, South America, And The Middle East And Africa). The Report Offers Market Size And Forecasts For The Institutional Furniture Market In Terms Of Value (USD) For All The Above Segments.
| By Type | Metal |
| Wood | |
| Other Types | |
| By End-User | Schools |
| Libraries | |
| Churches | |
| Theaters | |
| Other End-Users | |
| By Distribution Channel | Supermarkets & Hypermarkets |
| Specialty Stores | |
| Online | |
| Other Distribution Channels | |
| Geography | North America |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle-East and Africa |
Institutional Furniture Market Research FAQs
What is the current Institutional Furniture Market size?
The Institutional Furniture Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Institutional Furniture Market?
Herman Miller, Inc., HNI Corporation, Steelcase, Knoll, Inc. and Seats Inc. are the major companies operating in the Institutional Furniture Market.
Which is the fastest growing region in Institutional Furniture Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Institutional Furniture Market?
In 2024, the Asia-Pacific accounts for the largest market share in Institutional Furniture Market.
What years does this Institutional Furniture Market cover?
The report covers the Institutional Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Institutional Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Institutional Furniture Industry Report
Statistics for the 2024 Institutional Furniture market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Institutional Furniture analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
