[May 31, 2016] |
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Rising Demand for Ergonomic Furniture to Drive the School Furniture Market in GCC Through 2020, Says Technavio
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:
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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 ther 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:
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Intermetal
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Mahmayi Office Furniture
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Steelcase
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Technical Furniture Industries
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VS Furniture
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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 [email protected].
View source version on businesswire.com: http://www.businesswire.com/news/home/20160531005450/en/
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