Dublin, May 25, 2022 (GLOBE NEWSWIRE) -- The "Global Institutional Furniture Market, By Type (Seating, Storage, Desks & Tables, Others), By End Use (Schools, Universities, Health, Others), By Distribution Channel (Offline, Online), By Region, Competition Forecast and Opportunities, 2017-2027" report has been added to ResearchAndMarkets.com's offering.
The global institutional furniture market is expected to grow at a significant rate during the forecast period. The growth can be attributed to the rising expenditure capacity of people in emerging economies and the continuous infrastructural development activities. Institutional furniture comprises seating, storage cabinets, desks, tables, etc., used in schools, colleges, healthcare facilities, and other spaces.
Rising demands for ergonomically designed furniture and increased availability of aesthetically appealing and affordable furniture are some factors boosting institutional furniture adoption. Leading authorities are allocating funds to advance the infrastructure at different facilities and provide its citizens quality. With growing awareness regarding health and increased incidences of chronic as well as infectious diseases, the use of beds, waiting area furniture equipped with the latest technology, diagnostic room furniture, etc., is rapidly expanding.
Thus, healthcare facilities are increasingly adopting institutional furniture to provide enhanced comfort and convenience to the patients during their visits, which is expected to fuel their market growth. The emergence of private and world-class schools has led to a greater demand for comfortable, aesthetically superior, and colorful furniture to provide enhanced experience to the students, which is expected to drive the global institutional market in the coming years. Rise in the number of public and private facilities as well as number of market players offering premium furniture products are driving the demand for institutional market. Growing number of online and offline sales channels providing institutional furniture at affordable prices and offering facilities like doorstep delivery are boosting the growth of global institutional furniture market.
The global institutional furniture market is segmented by type, end use, distribution channel, regional distribution, and competition landscape. Based on end use, the market is further divided into schools, universities, health, and others. The schools segment is expected to hold the largest share in the global institutional furniture market owing to the rising demand for ergonomically designed furniture to provide comfort for children. Many schools across the globe are increasingly adopting desks and chairs with attached wheels and spacious cabinets to provide greater convenience for students, which is contributing to their dominance in the global institutional furniture market.
Major companies operating in the global institutional furniture market include Fleetwood Group, HNI Corporation, Herman Miller Inc., Steelcase Inc., Scholar Craft Products, Inc., Knoll Inc., Smith System Mfg. Co, VS America, Inc., Agati Furniture, etc.
Years Considered for This Report:
- Historical Years: 2017-2020
- Base Year: 2021
- Estimated Year: 2022
- Forecast Period: 2023-2027
Objective of the Study:
- To analyze the historical growth in the market size of global institutional furniture market from 2017 to 2021
- To estimate and forecast the market size of global institutional furniture market from 2022 to 2027 and growth rate until 2027
- To classify and forecast global institutional furniture market based on product type, application, fuel type, region, and competitive Landscape
- To identify dominant region or segment in the global institutional furniture market
- To identify drivers and challenges for global institutional furniture market
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc, in global institutional furniture market
- To identify and analyze the profile of leading players operating in global institutional furniture market
- To identify key sustainable strategies adopted by market players in global institutional furniture market
Key Topics Covered:
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 (2021)
5.3. Market Map
6. North America Institutional Furniture Market Outlook
7. Europe Institutional Furniture Market Outlook
8. Asia-Pacific Institutional Furniture Market Outlook
9. Middle East and Africa Institutional Furniture Market Outlook
10. South America Institutional Furniture Market Outlook
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
For more information about this report visit https://www.researchandmarkets.com/r/lpng5n
