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Insights on the School Furniture Market in North America 2020-2024 | COVID-19 Analysis, Drivers, Restraints, Opportunities and Threats | Technavio

LONDON--(BUSINESS WIRE)--Jul 14, 2020--

The school furniture market size in North America is expected to grow by USD 228.76 million during 2020-2024, progressing at a CAGR of 2% during the forecast period. Download Free Sample Report

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Technavio has announced its latest market research report titled School Furniture Market in North America 2020-2024 (Graphic: Business Wire)

The growing demand for modern, luxury furniture and the growth in demand for eco-friendly furniture are the major factors propelling the market growth. However, factors such as the high transportation cost and freight loss may hamper market growth.

Factors such as the growing economy and rising focus on aesthetics have increased the demand for luxury furniture from schools in North America. Also, several schools are adopting luxury and modular furniture to create a dynamic and collaborative classroom and learning spaces. The growing demand is encouraging vendors to adopt technologically advanced production practices to offer modern and luxury furniture with innovative designs. These products are sold at higher costs compared to traditional furniture. Vendors are also offering customization options in terms of color, theme, texture, and design. Therefore, the rising demand for luxury furniture is expected to drive the growth of the school furniture market during the forecast period.

More details:www.technavio.com/report/school-furniture-market-in-north-america-industry-analysis?

School Furniture Market in North America: Product Landscape

Based on the product segmentation analysis, the seating furniture segment is expected to witness lucrative growth during the forecast period. This segment includes furniture such as chairs, stools, desks, benches, and other seating furniture used in schools and educational institutions. To cope with the upgrading education system, students and faculty members need advanced multipurpose furniture to execute their learning process efficiently.

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Companies Covered

  • Fleetwood Group Inc.
  • Haworth Inc.
  • Herman Miller Inc.
  • HNI Corp.
  • KI
  • Kimball International Inc.
  • Knoll Inc.
  • Steelcase Inc.
  • Teknion Group
  • Virco Mfg. Corp.

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, till 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

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 in North America, vendors

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

For more information about this report visit www.technavio.com/report/school-furniture-market-in-north-america-industry-analysis?

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200714005862/en/

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Jesse Maida

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Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: RETAIL HOME GOODS

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 07/14/2020 08:15 PM/DISC: 07/14/2020 08:15 PM

http://www.businesswire.com/news/home/20200714005862/en

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