Rising Demand for Ergonomic Furniture to Drive the School Furniture Market in GCC Through 2020, Says Technavio

LONDON--()--According to the latest market study released by Technavio, the school furniture market in GCC is expected to grow at a CAGR of more than 15% during the forecast period.

This research report titled ‘School Furniture Market in GCC 2016-2020’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

Request sample report: http://goo.gl/liXcbb

The report categorizes the school furniture market in GCC into the following product segments:

  • Seating
  • Storage
  • Lab equipment
  • Other

School furniture market in GCC by seating

The seating segment, which consists of ergonomic chairs, tables, benches, and other seating facilities in the school, accounted for the largest market share in 2015. The need to accommodate hardware in classrooms has triggered schools to embrace modern school furniture. Schools are adopting online methods of teaching and including online sources of information as a part of course curriculum. This has resulted in the adoption of numerous education hardware such as interactive whiteboards, PCs, projectors, and document cameras. This massive digitization of education is being supported by governments as well.

“With the incorporation of advanced technology in the education system, students need to be provided with appropriate adjustable chairs and desks to attend lectures presented by teachers through projectors and interactive whiteboards. Consequently, vendors are introducing various new types of seating furniture that include foldable tables and detachable chairs,” says Jhansi Mary, a lead analyst at Technavio for school and college essentials.

Schools are also increasingly replacing chairs and other furniture used by teachers and administrative staff. Requirements such as comfort and ease of maintenance is driving institutions to explore furniture beyond conventional raw materials such as wood and plastic. Hence, vendors who have a wide product offering across price ranges will strongly benefit from this segment's growth over the next five years.

School furniture market in GCC by storage

The storage segment accounted for the second largest share of the market with 18.69%. However, the revenue generated from this segment is likely to decrease drastically as most information these days is stored electronically. The database of students, teachers, and administrative staff is stored in an electronic platform. However, educational institutions still retain information in hard copies to comply with various policies, mitigate the risks of information loss, and avoid malfunctions related to electronic equipment.

There has been an increase in demand for mobile storage facilities that can be used anywhere as per the requirement. This helps schools in managing their school space while providing furniture facilities. Intermetal offers book display units, magazine racks, tray units, and art storage units. These storage options help students in storing their belongings needed for classes. Hence, although the need for storage equipment has declined in classrooms, continued applications in the administrative segment will ensure sustained demand during the forecast period.

School furniture market in GCC by lab equipment

The lab equipment segment held 11.33% market share in 2015. As educational institutions are focusing more on practical knowledge of students, the setup for labs is gaining popularity among end-users. The demand in this segment is growing rapidly as schools are inculcating a variety of labs in their infrastructure. The furniture in science labs includes lab carts, instructor desks, lab workstations, mobile furniture, and lab equipment storage. Schools worldwide are setting up computer labs to incorporate technical knowledge among students.

“One of the prominent reasons for schools adopting and refurbishing their lab furniture is the greater emphasis laid on science, technology, engineering, and mathematics education, also known as STEM education,” says Jhansi.

The top vendors highlighted by Technavio’s research analysts in this report are:

  • Intermetal
  • Mahmayi Office Furniture
  • Steelcase
  • Technical Furniture Industries
  • VS Furniture

Browse Related Reports:

Purchase these three reports for the price of one by becoming a Technavio subscriber. Subscribing to Technavio’s reports allows you to download any three reports per month for the price of one. Contact enquiry@technavio.com with your requirements and a link to our subscription platform.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

According to the latest market study released by Technavio, the school furniture market in GCC is expected to grow at a CAGR of more than 15% during the forecast period.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com