Asia Pacific Educational Furniture Market Forecast to 2030

Asia Pacific Educational Furniture Market Forecast to 2030 – Regional Analysis – By Material (Wood, Plastic, Metal, and Others), Product Type (Benches and Chairs, Desks and Tables, Storage Units, and Others), and End Use (Institutional [Elementary School, Secondary School, and Higher Education] and Residential)

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Description

The Asia Pacific educational furniture market was valued at US$ 1,576.93 million in 2022 and is expected to reach US$ 2,465.27 million by 2030; it is estimated to grow at a CAGR of 5.7% from 2022 to 2030.
Increasing Focus on Sustainability Boosts Asia Pacific Educational Furniture Market
The world is increasingly recognizing the importance of sustainability, and the education sector is no exception. As schools and universities strive to operate with greater sensitivity toward the environment, the demand for sustainable educational furniture is on the rise. Green classrooms and school-wide “go green” initiatives are rising as educators encourage students to adopt values supporting environmental-friendly behavior. Sustainable storage products, chairs, and desks are widely preferred in classrooms across the world. Such furniture products are manufactured using eco-friendly materials such as polypropylene, renewable timber, or steel, which meet emission standards mandatory for approval; moreover, they are designed to maintain indoor air quality. Further, using sustainable materials in furniture manufacturing allows manufacturers to recycle product waste, thus preventing the deposition of waste into landfills. For example, Paragon Furniture Inc. uses recycled or recovered fibers for manufacturing its wood products. Governments of various countries are encouraging enterprises to introduce products that promote the sustainable construction of schools. A rise in the number of such initiatives to promote sustainable infrastructure would create lucrative opportunities for the growth of the educational furniture market in the coming years.
Asia Pacific Educational Furniture Market Overview
The educational furniture market in Asia Pacific is segmented into China, India, Australia, Japan, South Korea, and the Rest of Asia Pacific. Increased focus on education across urban and rural areas, and the implementation of mandatory primary education schemes by governments result in the construction of schools and educational institutions across this region. In May 2020, the Government of India announced financial aid for the Government of Nepal of US$ 819,400 for the construction of school buildings, boosting the educational infrastructure in Nepal. Such initiatives through schemes and funding resulting in the construction of new educational institutes contribute to the demand for educational furniture in the region.
Government regulations favoring infrastructure developments are creating lucrative opportunities for the educational furniture market in Asia Pacific. For instance, in October 2021, the International Finance Corporation (IFC) signed an agreement with the government of Uzbekistan to construct 15 schools to meet the growing demand for quality infrastructure. Governments in the region are seeking assistance from developed economies to improve infrastructure. For instance, in June 2022, European Union partnered with the Government of Tamil Nadu, India, to improve school infrastructure and provide quality education in corporation-run schools in Chennai. Thus, the rising investment in innovative furniture in learning institutes is anticipated to fuel the demand for educational furniture in the region. The rising demand for multifunctional and ergonomically designed seating furniture in developing economies, including China and India, would further trigger the growth of the educational furniture market in this region in the coming years.
Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Educational Furniture Market Segmentation
The Asia Pacific educational furniture market is segmented based on material, product type, end use, and country.
Based on material, the Asia Pacific educational furniture market is segmented into wood, plastic, metal, and others. The wood segment held the largest Asia Pacific educational furniture market share in 2022.
In terms of product type, the Asia Pacific educational furniture market is categorized into benches and chairs, desks and tables, storage units, and others. The benches and chairs segment the largest Asia Pacific educational furniture market share in 2022.
In terms of end use, the Asia Pacific educational furniture market is bifurcated into institutional and residential. The institutional segment held a larger Asia Pacific educational furniture market share in 2022. The institutional segment is further sub segmented into elementary school, secondary school, and higher education.
Based on country, the Asia Pacific educational furniture market is categorized into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. The Rest of Asia Pacific dominated the Asia Pacific educational furniture market in 2022.
AFC Furniture Solutions Pvt Ltd, Knoll Inc, Haworth Inc, Vitra International AG, Virco Manufacturing Corp, and Office Line are some of the leading companies operating in the Asia Pacific educational furniture market.

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At 5.7% CAGR, Asia Pacific Educational Furniture Market is Speculated to be Worth US$ 2,465.27 Million by 2030, says the Research Team

According to the Research Team research, the Asia Pacific educational furniture market was valued at US$ 1,576.93 million in 2022 and is expected to reach US$ 2,465.27 million by 2030, registering a CAGR of 5.7% from 2022 to 2030. Growing demand for modern and flexible learning spaces and increasing focus on sustainability are among the critical factors attributed to the Asia Pacific educational furniture market expansion.

Schools in different parts of the world plan to create dynamic and collaborative learning environments that are adaptable to a wide range of learning styles, and furniture plays a major role in this effort. Modern classrooms are no longer static spaces; rather, they have become fluid and flexible ones that can be easily adapted to meet the changing needs of students and teachers. Moreover, schools are seeking customized furniture that meets their specific needs. As a result, furniture manufacturers are increasingly offering customizable options that allow schools to choose the size, shape, and features of their furniture. Customization can include everything from the color of upholstery to the placement of power outlets and charging ports. The growing demand for such modern learning spaces is contributing to the growth of the educational furniture market.

As schools move away from traditional, lecture-based classrooms, they require furniture that can be easily rearranged to accommodate different learning styles and group sizes. Thus, flexibility is another key driver of the educational furniture market growth. In response, furniture manufacturers are creating modular furniture that can be quickly reconfigured to suit the needs of different learning activities. For example, chairs and desks may be designed to be easily stacked and stored when not in use, or they may be designed to be easily moved around the room to create different seating arrangements, such as the Flex collection from Steelcase.

On the contrary, fluctuations in prices of wood hampers the growth of Asia Pacific educational furniture market.

Based on material, the Asia Pacific educational furniture market is segmented into wood, plastic, metal, and others. The wood segment held 57.6% share of the Asia Pacific educational furniture market in 2022, amassing US$ 908.75 million. It is projected to garner US$ 1,396.01 million by 2030 to expand at 5.5% CAGR during 2022-2030.

In terms of product type, the Asia Pacific educational furniture market is categorized into benches and chairs, desks and tables, storage units, and others. The benches and chairs segment held 48.5% share of the Asia Pacific educational furniture market in 2022, amassing US$ 764.37 million. It is projected to garner US$ 1,235.25 million by 2030 to expand at 6.2% CAGR during 2022-2030.

By end use, the Asia Pacific educational furniture market is bifurcated into institutional and residential. The institutional segment held 69.5% share of Asia Pacific educational furniture market in 2022, amassing US$ 1,096.68 million. It is projected to garner US$ 1,760.75 million by 2030 to expand at 6.1% CAGR during 2022-2030. The institutional segment is further sub segmented into elementary school, secondary school, and higher education.

Based on country, the Asia Pacific educational furniture market is categorized into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. The Rest of Asia Pacific held 41.9% share of Asia Pacific educational furniture market in 2022, amassing US$ 660.10 million. It is projected to garner US$ 988.61 million by 2030 to expand at 5.2% CAGR during 2022-2030.

Key players operating in the Asia Pacific educational furniture market are AFC Furniture Solutions Pvt Ltd, Knoll Inc, Haworth Inc, Vitra International AG, Virco Manufacturing Corp, and Office Line, among others.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific educational furniture market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific educational furniture market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific educational furniture market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution

TABLE OF CONTENTS

1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Limitations and Assumptions
4. Asia Pacific Educational Furniture Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers:
4.2.2 Bargaining Power of Suppliers:
4.2.3 Threat of Substitutes:
4.2.4 Threat of New Entrants:
4.2.5 Competitive Rivalry:
4.3 Ecosystem Analysis
4.3.1 Raw Materials
4.3.2 Manufacturing
4.3.3 End Consumers
4.4 List of Vendors
5. Asia Pacific Educational Furniture Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Demand for Educational Furniture in Newly Constructed Schools
5.1.2 Growing Demand for Modern and Flexible Learning Spaces
5.2 Market Restraints
5.2.1 Fluctuations in Prices of Wood
5.3 Market Opportunities
5.3.1 Increasing Focus on Sustainability
5.4 Future Trends
5.4.1 Growing Popularity of Ergonomic Furniture
5.5 Impact Analysis of Drivers and Restraint
6. Educational Furniture Market – Asia Pacific Market Analysis
6.1 Asia Pacific Educational Furniture Market Revenue (US$ Million)
6.2 Asia Pacific Educational Furniture Market Forecast and Analysis (2020-2030)
7. Asia Pacific Educational Furniture Market Analysis – By Material
7.1 Wood
7.1.1 Overview
7.1.2 Wood: Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
7.2 Plastic
7.2.1 Overview
7.2.2 Plastic: Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
7.3 Metal
7.3.1 Overview
7.3.2 Metal: Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
7.4 Others
7.4.1 Overview
7.4.2 Others: Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Educational Furniture Market Revenue Analysis – By Product Type
8.1 Overview
8.2 Benches and Chairs
8.2.1 Overview
8.2.2 Benches and Chairs: Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
8.3 Desks and Tables
8.3.1 Overview
8.3.2 Desks and Tables: Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
8.4 Storage Units
8.4.1 Overview
8.4.2 Storage Units: Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Educational Furniture Market Revenue Analysis – By End Use
9.1 Overview
9.2 Institutional
9.2.1 Overview
9.2.2 Institutional: Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
9.2.3 Elementary School
9.2.3.1 Overview
9.2.3.2 Elementary School: Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
9.2.4 Secondary School
9.2.4.1 Overview
9.2.4.2 Secondary School: Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
9.2.5 Higher Education
9.2.5.1 Overview
9.2.5.2 Higher Education: Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
9.3 Residential
9.3.1 Overview
9.3.2 Residential: Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
10. Asia Pacific Educational Furniture Market – Country Analysis
10.1 Asia Pacific Educational Furniture Market
10.1.1.1 Asia Pacific Educational Furniture Market Breakdown by Country
10.1.1.2 Australia Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.2.1 Australia Educational Furniture Market Breakdown by Material
10.1.1.2.2 Australia Educational Furniture Market Breakdown by Product Type
10.1.1.2.3 Australia Educational Furniture Market Breakdown by End Use
10.1.1.3 China Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.3.1 China Educational Furniture Market Breakdown by Material
10.1.1.3.2 China Educational Furniture Market Breakdown by Product Type
10.1.1.3.3 China Educational Furniture Market Breakdown by End Use
10.1.1.4 India Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.4.1 India Educational Furniture Market Breakdown by Material
10.1.1.4.2 India Educational Furniture Market Breakdown by Product Type
10.1.1.4.3 India Educational Furniture Market Breakdown by End Use
10.1.1.5 Japan Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.5.1 Japan Educational Furniture Market Breakdown by Material
10.1.1.5.2 Japan Educational Furniture Market Breakdown by Product Type
10.1.1.5.3 Japan Educational Furniture Market Breakdown by End Use
10.1.1.6 South Korea Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.6.1 South Korea Educational Furniture Market Breakdown by Material
10.1.1.6.2 South Korea Educational Furniture Market Breakdown by Product Type
10.1.1.6.3 South Korea Educational Furniture Market Breakdown by End Use
10.1.1.7 Rest of Asia Pacific Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million)
10.1.1.7.1 Rest of Asia Pacific Educational Furniture Market Breakdown by Material
10.1.1.7.2 Rest of Asia Pacific Educational Furniture Market Breakdown by Product Type
10.1.1.7.3 Rest of Asia Pacific Educational Furniture Market Breakdown by End Use
11. Industry Landscape
11.1 Merger & Acquisitions
11.2 Company News
12. Company Profiles
12.1 AFC Furniture Solutions Pvt Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Knoll Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Haworth Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Vitra International AG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Virco Manufacturing Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Office Line
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
13. Appendix

LIST OF TABLES

Table 1. Asia Pacific Educational Furniture Market Segmentation
Table 2. List of Vendors in Value Chain
Table 3. Asia Pacific Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million)
Table 4. Asia Pacific Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million) – By Material
Table 5. Asia Pacific Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million) – By Product Type
Table 6. Asia Pacific Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million) – By End Use
Table 7. Australia Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million) – By Material
Table 8. Australia Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million) – By Product Type
Table 9. Australia Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million) – By End Use
Table 10. China Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million) – By Material
Table 11. China Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million) – By Product Type
Table 12. China Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million) – By End Use
Table 13. India Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million) – By Material
Table 14. India Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million) – By Product Type
Table 15. India Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million) – By End Use
Table 16. Japan Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million) – By Material
Table 17. Japan Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million) – By Product Type
Table 18. Japan Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million) – By End Use
Table 19. South Korea Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million) – By Material
Table 20. South Korea Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million) – By Product Type
Table 21. South Korea Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million) – By End Use
Table 22. Rest of Asia Pacific Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million) – By Material
Table 23. Rest of Asia Pacific Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million) – By Product Type
Table 24. Rest of Asia Pacific Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million) – By End Use
 

LIST OF FIGURES

Figure 1. Asia Pacific Educational Furniture Market Segmentation, By Country
Figure 2. Porter’s Five Forces Analysis: Asia Pacific Educational Furniture Market
Figure 3. Ecosystem Analysis: Asia Pacific Educational Furniture Market
Figure 4. Asia Pacific Educational Furniture Market – Key Industry Dynamics
Figure 5. Asia Pacific Educational Furniture Market Impact Analysis of Drivers and Restraints
Figure 6. Asia Pacific Educational Furniture Market Revenue (US$ Million), 2020 – 2030
Figure 7. Asia Pacific Educational Furniture Market Share (%) – By Material, 2022 and 2030
Figure 8. Wood: Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
Figure 9. Plastic: Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
Figure 10. Metal: Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
Figure 11. Others: Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
Figure 12. Asia Pacific Educational Furniture Market Revenue Share, By Product Type (2022 and 2030)
Figure 13. Benches and Chairs: Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
Figure 14. Desks and Tables: Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
Figure 15. Storage Units: Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
Figure 16. Others: Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
Figure 17. Asia Pacific Educational Furniture Market Revenue Share, By End Use (2022 and 2030)
Figure 18. Institutional: Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
Figure 19. Elementary School: Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
Figure 20. Secondary School: Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
Figure 21. Higher Education: Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
Figure 22. Residential: Asia Pacific Educational Furniture Market Revenue and Forecast to 2030 (US$ Million)
Figure 23. Asia Pacific Educational Furniture Market Revenue, By Key Countries, (2022)
Figure 24. Asia Pacific Educational Furniture Market Breakdown By Key Countries, 2022 and 2030 (%)
Figure 25. Australia Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million)
Figure 26. China Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million)
Figure 27. India Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million)
Figure 28. Japan Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million)
Figure 29. South Korea Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million)
Figure 30. Rest of Asia Pacific Educational Furniture Market Revenue and Forecasts to 2030 (US$ Million)

1. AFC Furniture Solutions Pvt Ltd
2. Knoll Inc
3. Haworth Inc
4. Vitra International AG
5. Virco Manufacturing Corp
6. Office Line

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