Global Institutional Furniture Market by Type (Metal, Wood, Others), By Application (Schools, Libraries, Churches, Theaters, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The Global Institutional Furniture Market size is expected to grow at a CAGR of 6.4% during the forecast period from 2021-2028. The growth can be attributed to the increasing number of schools, libraries, and theaters around the world that are adopting new technologies such as virtual reality or augmented reality which requires more seating arrangements in order for people to interact with them.
Institutional Furniture refers to any type of furnishing used in an educational setting, such as a school or university. This includes desks and chairs, computer tables, bookcases, lockers, and seating arrangements for public spaces like libraries or theaters. It also includes furnishings found inside classrooms including chalkboards and whiteboards.
On the basis of Type, the market is segmented into Metal, Wood, and Others. The metal segment is the largest segment in this market followed by wood.
Metal Furniture:
Metal furniture includes a range of indoor and outdoor design options that are sturdy, attractive, durable, and functional. There are many types of metals used in designing these products including steel, aluminum, and zinc alloys. They offer protection from the elements as well as high resistance to corrosion or rusting—two common problems for the longevity of any object made from wood or plastic. Steel is often chosen because it can be welded into intricate shapes; aluminum’s strength makes it appropriate for large pieces like benches with wide spans between legs; while lighter-weight materials like titanium look good on terraces near water features where they won’t corrode over time.
Wood Furniture:
Wood furniture is a range of indoor and outdoor design options that are sturdy, attractive, durable, and functional. There are many types of woods used in designing these products including oak, maple, or cherry wood. They offer protection from the elements as well as high resistance to corrosion or rusting—two common problems for the longevity of any object made from other materials like metal or plastic. Oak is often chosen because it can be stained with various colors; maple's strength makes it appropriate for large pieces like benches with wide spans between legs; while lighter-weight material such as bamboo looks good on terraces near water features where they won’t corrode over time.
On the basis of Application, the market is segmented into Schools, Libraries, Churches, Theaters, and Others. With an increase in the number of schools being built every year across North America & Europe., Asia Pacific, Latin America this segment is expected to grow steadily over the forecast period. Metal furniture dominates the market because it's easier to maintain compared with wood that requires more care and attention. Schools represent almost 97% of total sales revenues from metal institutional furnishings.
On the basis of Region, the market is segmented into North America, Europe, Asia Pacific, and Latin America. The Asia Pacific and Middle East & Africa are predicted to have good opportunities for growth between 2021-2028; North America will show healthy revenue increment over this period followed by Europe. Latin America might not enjoy such higher revenues because it has fewer schools compared with other regions but its library industry holds potential for future developments.
Growth factors for The Global Institutional Furniture Market:
The global institutional furniture market is driven by the rising trend of investing in luxurious and high-quality products. This has led to significant growth for this sector, as people are now focusing their attention on quality rather than quantity. In addition, the increase in demand from emerging economies such as China and India has been an encouraging factor behind this industry's fast development. The increasing need for new schools due to population growth coupled with government initiatives can also be seen playing a role in fueling these trends.
Up Market Research published a new report titled “Institutional Furniture Market research report which is segmented by Types (Metal, Wood, Others), By Applications (Schools, Libraries, Churches, Theaters, Others), By Players/Companies Herman Miller, HNI, Steelcase, Knoll, Smith System”.
Report Scope
Report Attributes | Report Details |
Report Title | Institutional Furniture Market Research Report |
By Type | Metal, Wood, Others |
By Application | Schools, Libraries, Churches, Theaters, Others |
By Companies | Herman Miller, HNI, Steelcase, Knoll, Smith System |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 228 |
Number of Tables & Figures | 160 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Institutional Furniture Market Report Segments:
The market is segmented by Type Metal, Wood, Others and By Application Schools, Libraries, Churches, Theaters, Others.
Some of the companies that are profiled in this report are:
- Herman Miller
- HNI
- Steelcase
- Knoll
- Smith System
Institutional Furniture Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Institutional Furniture Market
Overview of the regional outlook of the Institutional Furniture Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Institutional Furniture Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Institutional Furniture Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Metal
2. Wood
3. Others
7. By Application:1. Schools
2. Libraries
3. Churches
4. Theaters
5. Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Institutional Furniture Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Institutional Furniture Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Institutional Furniture Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Institutional Furniture Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Institutional Furniture Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Institutional Furniture Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Institutional Furniture Market Size & Forecast, 2018-2028
4.5.1 Institutional Furniture Market Size and Y-o-Y Growth
4.5.2 Institutional Furniture Market Absolute $ Opportunity
Chapter 5 Global Institutional Furniture Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Institutional Furniture Market Size Forecast by Type
5.2.1 Metal
5.2.2 Wood
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Institutional Furniture Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Institutional Furniture Market Size Forecast by Applications
6.2.1 Schools
6.2.2 Libraries
6.2.3 Churches
6.2.4 Theaters
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Institutional Furniture Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Institutional Furniture Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Institutional Furniture Analysis and Forecast
9.1 Introduction
9.2 North America Institutional Furniture Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Institutional Furniture Market Size Forecast by Type
9.6.1 Metal
9.6.2 Wood
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Institutional Furniture Market Size Forecast by Applications
9.10.1 Schools
9.10.2 Libraries
9.10.3 Churches
9.10.4 Theaters
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Institutional Furniture Analysis and Forecast
10.1 Introduction
10.2 Europe Institutional Furniture Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Institutional Furniture Market Size Forecast by Type
10.6.1 Metal
10.6.2 Wood
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Institutional Furniture Market Size Forecast by Applications
10.10.1 Schools
10.10.2 Libraries
10.10.3 Churches
10.10.4 Theaters
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Institutional Furniture Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Institutional Furniture Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Institutional Furniture Market Size Forecast by Type
11.6.1 Metal
11.6.2 Wood
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Institutional Furniture Market Size Forecast by Applications
11.10.1 Schools
11.10.2 Libraries
11.10.3 Churches
11.10.4 Theaters
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Institutional Furniture Analysis and Forecast
12.1 Introduction
12.2 Latin America Institutional Furniture Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Institutional Furniture Market Size Forecast by Type
12.6.1 Metal
12.6.2 Wood
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Institutional Furniture Market Size Forecast by Applications
12.10.1 Schools
12.10.2 Libraries
12.10.3 Churches
12.10.4 Theaters
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Institutional Furniture Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Institutional Furniture Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Institutional Furniture Market Size Forecast by Type
13.6.1 Metal
13.6.2 Wood
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Institutional Furniture Market Size Forecast by Applications
13.10.1 Schools
13.10.2 Libraries
13.10.3 Churches
13.10.4 Theaters
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Institutional Furniture Market: Competitive Dashboard
14.2 Global Institutional Furniture Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Herman Miller
14.3.2 HNI
14.3.3 Steelcase
14.3.4 Knoll
14.3.5 Smith System