U.S. School Furniture Market Size, Share & Trends Analysis Report By Product (Seating Furniture, Storage Units, Lab Furniture), By Application (Classroom, Library & Labs), And Segment Forecasts, 2023 - 2030

Research Methodology

A three-pronged approach was followed for deducing the U.S. school furniture market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for U.S. school furniture market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of U.S. school furniture market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

U.S. School Furniture Market Categorization:

The U.S. school furniture market was categorized into two segments, namely product (Seating Furniture, Storage Units, Lab Furniture), application (Classroom, Library and Labs).

Segment Market Methodology:

The U.S. school furniture market was segmented into product, application. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The U.S. school furniture market was analyzed at a regional level.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

U.S. school furniture market companies & financials:

The U.S. school furniture market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Marco Group - Marco Group was founded as a wood supplier to Sunbeam Corporation. The manufacturing and warehouse facilities are located in Missouri and California, along with a sourcing operation in Asia Pacific. Marco Group offers educational furniture and serves a variety of customers in the institutional and retail markets.

• Haskell Education - Haskell Education provides furniture solutions for K-12 schools, colleges, and universities. The company also provides furniture solutions for business, institutional, and government enterprises. Haskell Education has implemented sustainable practices to eliminate pollutants and waste to conserve natural resources while manufacturing its products. Steel is the primary material used to manufacture products of the company.

• Paragon Furniture Inc. - Paragon Furniture Inc. is a privately-held company, which designs and manufactures eco-friendly furniture for learning spaces like classrooms, maker space, and library/commons. The company also provides solutions for designing learning spaces. The company’s products are MAS Certified Green, BIFMA/ANSI Certified, and Made in the USA.

• Hertz Furniture - Hertz Furniture designs and manufactures furniture for educational, commercial, and religious institutions. It offers a variety of student chair desks, innovative school chairs, wheelchair-accessible tables, and classroom bookcases. The company also provides design services for classroom and office planning and designing. The company is a full-service furniture dealer specializing in Pre-K-Grade 12 furniture. In 2013, Hertz Furniture expanded its presence in Texas with a regional office.

• VS America, Inc. - VS America, Inc. is a leading producer of premium ergonomic and environment friendly furniture for schools and offices. It adopts holistic intelligent and integrative solutions approach to supply dedicated customer satisfaction. The company produces its product range with materials from natural resources with minimum ecological impact and adopts safe, environmentally sound manufacturing process such as raw material procurement and recyclable furniture manufacturing.

• Fleetwood Group - Fleetwood Group is a manufacturer of furniture and wireless electronics for educational environments. The company launches and builds sturdy and mobile wooden cabinets for providing storage in educational settings. It also provides funding to missionaries who need help to gain financial assistance.

• Virco - Virco is a leading American manufacturer and supplier of furniture equipment for K-12 schools. Virco’s primary customer base is from the education industry, including preschools, 12th grade junior and community colleges and universities, and technical and vocational schools. In addition, it is also a furniture and equipment supplier for convention centers; arenas; banquet & meeting spaces; federal, state, country, and municipal facilities; and places of worship. The company offers room solutions to different space settings, such as early learning, 21st century classroom, STEAM, higher learning, dining, event spaces, office, and traditional classroom.

• The HON Company - The HON Company designs and manufactures furniture for the business, education, healthcare, and government sectors. The HON Company has state-of-theart showrooms in four cities across the U.S. — Chicago, Muscatine, New York City, and Washington, D.C. The company’s products are available through several online retailers that include National Business Solution, Shoplet, Buy Online Now, ZERBEE, EOFFICEDIRECT, Office Super Savers, and Bison Office. The HON Company is the largest operating company of HNI Corporation, an office furniture manufacturer.

• MillerKnoll, Inc. - MillerKnoll, Inc. is an interior furnishings company that engages in research, design, manufacturing, and distribution. Established in 2021, it resulted from the merger of Herman Miller, Inc. and Knoll, Inc. With a history of innovation and design expertise, MillerKnoll, Inc. offers a diverse range of products that find applications in various environments, including offices, schools, hospitals, and homes.

• Smith System - Smith System was acquired by Steelcase Inc. in 2018 and acts as a subsidiary business. Smith System is a part of Steelcase Inc.’s Americas segment that serves customers in the U.S., Canada, the Caribbean Islands, and Latin America. It is a school furniture manufacturer offering different furniture such as seating, computer labs, student desks, student tables, library shelves, book trucks, and other furniture products. The products offered by the company are categorized into various product lines such as Cascade, Interchange, Planner, Elemental, Silhouette, Flavors Seating, Oodle, Groove Seating, Theorem Seating, Plato seating, In2it seating, UXL, and FlexLine.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

U.S. School Furniture Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2017 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

U.S. School Furniture Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.