U.S. School Furniture Market Size, Share & Trends Report

U.S. School Furniture Market Size, Share & Trends Analysis Report By Product (Seating Furniture, Storage Units, Lab Equipment), By Application (Classroom, Library & Labs), And Segment Forecasts, 2021 - 2028

  • Published Date: May, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-4-68039-423-5
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2019
  • Number of Pages: 80

Report Overview

The U.S. school furniture market size was valued at USD 1.96 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.6% from 2021 to 2028. Increasing focus on improving the availability of education across cities, suburbs, towns, and rural areas has been promoting the growth of the market. According to the National Center for Education Statistics, the number of schools in cities of the U.S. increased from 2.3 million in fall 2009 to 2.5 million in fall 2017. Moreover, the number of schools in suburbs increased from 2.1 million in fall 2009 to 2.3 million in fall 2017. The nationwide closure of educational institutions including schools and colleges has been adversely affecting the school furniture market in the U.S. Education officials have been forced to cancel classes and close the doors to campuses across the country in response to the coronavirus outbreak. In addition, schools and colleges have switched classes to online learning, which has omitted the need for students and teachers to visit physical classrooms, thereby curbing the need for school furniture. Additionally, the shutting down of physical classes has led to a significant dip in enrollment, which has further reduced the demand for school furniture.

U.S. school furniture market size, by product, 2016 - 2028 (USD Million)

The U.S. government, too, has been contributing immensely to the growth of the industry. Programs pertaining to education have been regularly promoting the number of schools in a given locality as well as the enrollment of students in these schools. The Obama administration that set out in 2009 invested USD 1 billion to provide preschool education to every child, and more than half of the U.S. states dramatically boosted their own investments in early learning.

Now in 2021, President Joe Biden plans to reinstate the educational initiatives undertaken by the Obama Administration. These programs focus on providing high-quality, universal pre-kindergarten education to all three- and four-year-olds in the country. They also aim to build the best, most innovative schools in the country in low-income communities and communities of color. Consequently, such programs are expected to propel the revenue of the market.

The growing awareness regarding the value of education, along with an increasing number of government programs making education available for all, is expected to inflate the number of schools in the U.S. According to the National Center of Education Statistics, the number of schools and degree colleges is expected to rise. The source predicts that the number of schools in the country and enrollments is going to grow rapidly.

Product Insights

In terms of value, the seating furniture segment dominated the market with a share of over 50.0% in 2020. This product segment is projected to witness the highest growth over the forecast period. Industry experts have constantly focused on chairs that are ergonomically designed with seats and backrests that adapt to a student’s physical requirements. Along with supporting children to maintain a good posture, chairs also ensure that students do not slouch or feel uncomfortable while spending long hours in the classroom/labs. It is highly recommended that educational institutions use chairs that can be adjusted in height as well as back support so that they fit the requirement of students of different ages and heights.

The storage units segment is projected to register a CAGR of 4.4% from 2021 to 2028. The growing trend of offering personal cabinets to schoolchildren across the U.S. is projected to positively influence the market growth over the forecast period. The demand for storage cabinets in schools has also grown owing to their use in administration offices, classrooms, laboratories, libraries, and activity halls, which is expected to drive this segment. In addition, the rising population of school children is expected to fuel the construction of schools, which, in turn, will drive the demand for storage cabinets and other such furniture pieces.

Application Insights                                               

In terms of value, the classroom segment dominated the market with a share of over 75.0% in 2020. This segment is projected to expand at the fastest CAGR over the forecast period. The increasing innovation in the use of raw materials for the production of classroom furniture has resulted in rising attention toward collaborations, reconfigurations, and ergonomically derived furniture for classrooms. The increasing student enrolment in schools across the country has contributed to the need for chairs and tables in classrooms. Moreover, the increasing number of students in educational institutions and universities is fueling the demand for classroom furniture in the U.S. market.

The library and labs segment is expected to expand at a CAGR of 3.9% from 2021 to 2028. The increasing requirements for large storage spaces and flexible seating in libraries and labs are expected to drive this segment. This growth is also supported by the vast amount of time that students need to spend in libraries and laboratories. As a result, there is a growing need for furniture that is comfortable and ergonomically designed. Additionally, furniture that encourages and enables interactive and collaborative learning in libraries and labs has gained prominence in recent years.

U.S. school furniture market share, by application, 2020 (%)

The increasing expenditure on remodeling and restructuring of labs is estimated to drive the demand for lab furniture over the forecast period. For instance, according to Villa Park in 2018, California, U.S., Villa Park High School’s science center worth USD 45.2 million, which is expected to be fully functional during the winter of 2021, will include four chemistry labs, eight science labs, and two general classrooms. This is estimated to contribute to the market growth in the U.S.

Key Companies & Market Share Insights        

The market is fragmented due to the presence of a significant number of key school furniture manufacturers with a large customer base, which contributes to the high competition in the market. Companies are increasingly focusing on product development and technology integration to gain a greater share in the U.S. market.

In January 2019, VS America, Inc. announced the launch of the JUMPER suite of chairs for the American and Canadian markets. These products are available in two models-JUMPER Air and JUMPER Ply. Chairs under the JUMPER Air model are characterized by their double-walled seat shell manufactured from recyclable polypropylene. On the other hand, the JUMPER Ply chairs are made from stained, molded beech plywood. These products are available in different sizes-six sizes for school chairs and two sizes for office use. Some prominent players in the U.S. school furniture market include:

  • Smith System Mfg. Co.

  • Knoll, Inc.

  • The HON Company

  • Virco

  • Fleetwood Group

  • VS America, Inc.

  • Hertz Furniture

  • Paragon Furniture Inc.

  • Haskell Education

  • Marco Group

U.S. School Furniture Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 2.00 billion

Revenue forecast in 2028

USD 2.76 billion

Growth Rate

CAGR of 6.6% from 2021 to 2028

Base year for estimation

2020

Historical data

2016 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million/billion and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, application

Country scope

U.S.

Key companies profiled

Smith System Mfg. Co.; Knoll, Inc.; The HON Company; Virco; Fleetwood Group; VS America, Inc.; Hertz Furniture; Paragon Furniture Inc.; Haskell Education; Marco Group

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Segments Covered in the Report

This report forecasts revenue growth at the country level and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the U.S. school furniture market report on the basis of product and application:

  • Product Outlook (Revenue, USD Million, 2016 - 2028)

    • Seating Furniture

    • Storage Units

    • Lab Equipment

    • Others

  • Application Outlook (Revenue, USD Million, 2016 - 2028)

    • Classroom

    • Library & Labs

    • Others

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