School Furniture Market in North America- Roadmap for Recovery from COVID-19 |The Growing Demand For Modern, Luxury Furniture to boost the Market Growth | Technavio

LONDON–(BUSINESS WIRE)–#SchoolFurnitureMarketinNorthAmerica–Technavio has been monitoring the school furniture market in North America and it is poised to grow by $ 228.76 mn during 2020-2024, progressing at a CAGR of over 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Frequently Asked Questions:

• What are the major trends in the market?
  Growth in demand for eco-friendly furniture is a major trend driving the growth of the market.
• At what rate is the market projected to grow?
  The year-over-year growth for 2020 is estimated at 1.27% and the incremental growth of the market is anticipated to be $ 228.76 mn.
• Who are the top players in the market?
  Fleetwood Group Inc., Haworth Inc., Herman Miller Inc., HNI Corp., KI, Kimball International Inc., Knoll Inc., Steelcase Inc., Teknion Group, and Virco Mfg. Corp., are some of the major market participants.
• What is the key market driver?
  The growing demand for modern, luxury furniture is one of the major factors driving the market.
• How big is the Seating market?
  The seating segment will contribute 65% of the market share.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Fleetwood Group Inc., Haworth Inc., Herman Miller Inc., HNI Corp., KI, Kimball International Inc., Knoll Inc., Steelcase Inc., Teknion Group, and Virco Mfg. Corp. are some of the major market participants. The growing demand for modern, luxury furniture will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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School Furniture Market in North America 2020-2024: Segmentation

School Furniture Market in North America is segmented as below:

• Product
  • Seating
  • Storage
  • Lab Equipment
  • Other Furniture

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School Furniture Market in North America 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The school furniture market report covers the following areas:

• School Furniture Market in North America Size
• School Furniture Market in North America Trends
• School Furniture Market in North America Industry Analysis

This study identifies growth in demand for eco-friendly furniture as one of the prime reasons driving the school furniture market growth in North America during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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School Furniture Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist school furniture market growth in North America during the next five years
• Estimation of the school furniture market size in North America and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the school furniture market in North America
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of school furniture market vendors in North America

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Seating – Market size and forecast 2019-2024
• Storage – Market size and forecast 2019-2024
• Lab equipment – Market size and forecast 2019-2024
• Other furniture – Market size and forecast 2019-2024
• Market opportunity by Product

Customer Landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• US – Market size and forecast 2019-2024
• Canada – Market size and forecast 2019-2024
• Mexico – Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Fleetwood Group Inc.
• Haworth Inc.
• Herman Miller Inc.
• HNI Corp.
• KI
• Kimball International Inc.
• Knoll Inc.
• Steelcase Inc.
• Teknion Group
• Virco Mfg. Corp.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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