Report Description

The global institutional furniture market is anticipated to witness a growth of steady CAGR during the forecast period, 2023-2027. The booming market of emerging economies and the rise in the expenditure capacity of consumers, along with the ongoing infrastructural development activities, are the key factors driving the growth of the global institutional furniture market.

Institutional furniture consists of general-purpose furniture used in schools, colleges, healthcare facilities. They comprise seating, storage, and desks & tables. Growing demand for ergonomically designed furniture, which has enhanced aesthetic appearance and is affordable, is expected to boost the global institutional furniture market demand.

Rapid Infrastructure Development in Developing Economies Fuels Market Growth

Leading authorities are making efforts and allocating substantial funds for the development of infrastructure to improve the country's economic conditions and provide quality to its citizens. There are close to 85000 hotels in United States as of 2021 and the developing hospitality sector of United States promises lucrative opportunities for the market growth. Rapid urbanization in boosting the construction of necessary facilities like schools, offices, and hospitals is expected to create vast growth potential for the global institutional furniture market. The outbreak of COVID-19 accelerated the demand for the construction of quality healthcare facilities to provide treatment services to ailing patients. Schemes and policies offer financial assistance to patients to avail quality healthcare services in the form of income tax rebates, and reimbursement policies fuel the construction of healthcare facilities equipped with the latest technologies and quality infrastructure. The use of beds, waiting area furniture, diagnostic room furniture, and other furniture necessities to provide enhanced comfort and convenience to patients during their visit to healthcare facilities is expected to propel the global institutional furniture market demand. Continuous rise in the population and the growing affordability of consumers to send their children to private and world-class schools is bolstering the need for comfortable, aesthetically superior, and colorful institutional furniture to provide a better learning experience to their students. Total number of schools in United States were around 130,000 in 2018. The rise in the number of public and private facilities is expected to foster the demand for institutional furniture. The growing construction of quality facilities and the rise in the number of market players offering premium furniture products are expected to influence the demand in the predicted period.

Thriving E-Commerce Sector Supports the Market Growth

Market players are adopting alternate sales channels to boost their sales and stay ahead. An E-commerce platform expands the consumer base and accelerates the brand's reach to international and domestic customers. Market players are either developing their website and mobile applications or selling their products on big e-commerce websites such as Amazon, Flipkart which is significantly influencing the market demand. Availability of institutional furniture at relatively lower rates due to discounts offered by the market players and the facilities like doorstep delivery is attracting customers on a large scale. These online sales channels enlist all the products at the same place, making it easier to quickly compare the product specifications, space, and size and make the purchasing decisions based on the requirement of customers. The proliferation of online sales channels and offline stores' presence is expected to create substantial growth opportunities for the global institutional furniture market in the next five years.


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Market Segmentation

The global institutional furniture market is segmented by type, end use, distribution channel, regional distribution, and competition landscape. Based on the type, the market is divided into seating, storage, desks & tables, and others. Based on the end use, the market is divided into schools, universities, health, and others. Based on the distribution channel, the market is bifurcated into offline and online. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North American region, European region, Asia-Pacific region, South American region, and Middle East & African region.

Market Players

Fleetwood Group, HNI Corporation, Herman Miller Inc., Steelcase Inc., Scholar Craft Products, Inc., Knoll Inc., Smith System Mfg. Co, VS America, Inc., Agati Furniture, are among the major market players in the global platform that lead the market growth of the global institutional furniture market.

Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Type

·         End Use 

·         Distribution Channel

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; France; Germany; United Kingdom; Italy; Spain; China; India; Japan; South Korea; Australia; Brazil; Argentina; Colombia; UAE; Saudi Arabia; South Africa;

Key companies profiled

Fleetwood Group, HNI Corporation, Herman Miller Inc., Steelcase Inc., Scholar Craft Products, Inc., Knoll Inc., Smith System Mfg. Co, VS America, Inc., Agati Furniture

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, global institutional furniture market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Institutional Furniture Market, By Type:
    • Seating
    • Storage
    • Desks & Tables
    • Others
  • Institutional Furniture Market, By End Use:
    • Schools
    • Universities
    • Health
    • Others
  • Institutional Furniture Market, By Distribution Channel:
    • Offline
    • Online
  • Institutional Furniture Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
    • Middle East & Africa

§  UAE

§  Saudi Arabia

§  South Africa

o   South America

      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global institutional furniture market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global institutional furniture market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

4.1.  Brand Awareness

4.2.  Factors Influencing Purchase Decision

4.3.  Sources of Information

4.4.  Challenges Faced Post Purchase

5.    Global Institutional Furniture Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Type (Seating, Storage, Desks & Tables, Others

5.2.2.     By End Use (Schools, Universities, Health, Others)

5.2.3.     By Distribution Channel (Offline, Online)

5.2.4.     By Region

5.2.5.     By Company (2020)

5.3.  Market Map (By Type, By End Use, By Distribution Channel, By Region)

6.    North America Institutional Furniture Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type

6.2.2.     By End Use 

6.2.3.     By Distribution Channel

6.2.4.     By Country (United States; Canada; Mexico and Rest of North America)

6.3.  North America: Country Analysis

6.3.1.     United States Institutional Furniture Market Outlook

6.3.1.1.         Market Size & Forecast

6.3.1.1.1.             By Value

6.3.1.2.         Market Share & Forecast

6.3.1.2.1.             By Type

6.3.1.2.2.             By End Use 

6.3.1.2.3.             By Distribution Channel

6.3.2.     Canada Institutional Furniture Market Outlook

6.3.2.1.         Market Size & Forecast

6.3.2.1.1.             By Value

6.3.2.2.         Market Share & Forecast

6.3.2.2.1.             By Type

6.3.2.2.2.             By End Use 

6.3.2.2.3.             By Distribution Channel

6.3.3.     Mexico Institutional Furniture Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Value

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.             By Type

6.3.3.2.2.             By End Use 

6.3.3.2.3.             By Distribution Channel

7.    Europe Institutional Furniture Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By End Use 

7.2.3.     By Distribution Channel

7.2.4.     By Country (France; Germany; UK; Italy; Spain and Rest of Europe)

7.3.  Europe: Country Analysis

7.3.1.     France Institutional Furniture Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Type

7.3.1.2.2.             By End Use 

7.3.1.2.3.             By Distribution Channel

7.3.2.     Germany Institutional Furniture Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Type

7.3.2.2.2.             By End Use 

7.3.2.2.3.             By Distribution Channel

7.3.3.     United Kingdom Institutional Furniture Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Type

7.3.3.2.2.             By End Use 

7.3.3.2.3.             By Distribution Channel

7.3.4.     Italy Institutional Furniture Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Type

7.3.4.2.2.             By End Use 

7.3.4.2.3.             By Distribution Channel

7.3.5.     Spain Institutional Furniture Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Type

7.3.5.2.2.             By End Use 

7.3.5.2.3.             By Distribution Channel

8.    Asia-Pacific Institutional Furniture Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By End Use 

8.2.3.     By Distribution Channel

8.2.4.     By Country (China; India; Japan; South Korea; Australia; and Rest of Asia Pacific)

8.3.  Asia-Pacific: Country Analysis

8.3.1.     China Institutional Furniture Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Type

8.3.1.2.2.             By End Use 

8.3.1.2.3.             By Distribution Channel

8.3.2.     India Institutional Furniture Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Type

8.3.2.2.2.             By End Use 

8.3.2.2.3.             By Distribution Channel

8.3.3.     Japan Institutional Furniture Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Type

8.3.3.2.2.             By End Use 

8.3.3.2.3.             By Distribution Channel

8.3.4.     South Korea Institutional Furniture Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Type

8.3.4.2.2.             By End Use 

8.3.4.2.3.             By Distribution Channel

8.3.5.     Australia Institutional Furniture Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Type

8.3.5.2.2.             By End Use 

8.3.5.2.3.             By Distribution Channel

9.    Middle East and Africa Institutional Furniture Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By End Use 

9.2.3.     By Distribution Channel

9.2.4.     By Country (UAE; Saudi Arabia; South Africa and Rest of Middle East & Africa)

9.3.  MEA: Country Analysis

9.3.1.     UAE Institutional Furniture Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Type

9.3.1.2.2.             By End Use 

9.3.1.2.3.             By Distribution Channel

9.3.2.     Saudi Arabia Institutional Furniture Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Type

9.3.2.2.2.             By End Use 

9.3.2.2.3.             By Distribution Channel

9.3.3.     South Africa Institutional Furniture Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Type

9.3.3.2.2.             By End Use 

9.3.3.2.3.             By Distribution Channel

10.  South America Institutional Furniture Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By End Use 

10.2.3.  By Distribution Channel

10.2.4.  By Country (Brazil; Argentina; Colombia; and Rest of South America)

10.3.              South America: Country Analysis

10.3.1.  Brazil Institutional Furniture Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Type

10.3.1.2.2.           By End Use 

10.3.1.2.3.           By Distribution Channel

10.3.2.  Argentina Institutional Furniture Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Type

10.3.2.2.2.           By End Use 

10.3.2.2.3.           By Distribution Channel

10.3.3.  Colombia Institutional Furniture Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Type

10.3.3.2.2.           By End Use 

10.3.3.2.3.           By Distribution Channel

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

13.  Competitive Landscape

13.1.              Company Profiles

13.1.1.  Company Details

13.1.2.  Financials (As reported)

13.1.3.  Key Market Focus and Geographical Presence

13.1.4.  Pricing of Target Products

13.1.5.  Market positioning

13.2.              Fleetwood Group

13.3.              HNI Corporation

13.4.              Herman Miller Inc.

13.5.              Steelcase Inc.

13.6.              Scholar Craft Products, Inc.

13.7.              Knoll Inc.

13.8.              Smith System Mfg. Co

13.9.              VS America, Inc.

13.10.            Agati Furniture

14.  Strategic Recommendations

About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Fleetwood Group, HNI Corporation, Herman Miller Inc., Steelcase Inc., Scholar Craft Products, Inc., Knoll Inc., Smith System Mfg. Co, VS America, Inc., Agati Furniture are the major market players of the global institutional furniture market.

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Rapid infrastructural development along with rise in spending of consumers and improved lifestyle are the key driving factors for the global institutional furniture market.

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School furniture are expected to account for largest market share in the forecast period due to increase in construction of schools and college to provide basic access to students all over the globe.

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Asia-pacific region is expected to hold the largest market share owing to ongoing commercial activities and supportive government policies promoting infrastructure development.

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Parvati Sharma

Account Manager BD
Press Release

Institutional Furniture Market to be Dominated by Schools through 2027

Feb, 2022

High demand for space saving furniture and growing disposable income of consumers are expected to drive the growth of the global institutional furniture market in the forecast period, 2023-2027.