Market Overview:
The global institutional furniture market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for institutional furniture from schools, libraries, churches, and theaters. In addition, the growing demand for modular furniture in the corporate sector is also propelling the growth of this market. The metal segment accounted for the largest share of the global institutional furniture market in 2017 and is projected to grow at a CAGR of 5.8% during the forecast period. This segment is mainly driven by factors such as durability and low maintenance requirements offered by metal furniture products. The wood segment held second largest share in 2017 and it projected to grow at a CAGR of 4%.
Product Definition:
Institutional furniture is furniture that is used in institutional settings such as schools, hospitals, and prisons. It is typically made from durable materials that can withstand heavy use, and it often features locking mechanisms to keep inmates or students from vandalizing or stealing the furniture.
Metal:
Metal is one of the most common materials used in institutional furniture. It accounts for a major share in the market owing to its strength and durability. Metal chairs are more sturdy as compared to plastic or other chair types, which makes them last longer and be used in high traffic areas such as libraries, meeting rooms, classrooms, etc.
Wood:
Wood is one of the most commonly used materials in furniture production. It accounts for a major portion of the material used to make tables, chairs, and other such items that are meant for residential or commercial use. Wood can be classified as hardwood and softwood based on its properties. Hardwood includes species like teak, maple, oak; whereas softwood refers to pine among others.
Application Insights:
The schools application segment accounted for the largest share of over 40.0% in 2017. The growth is attributed to the increasing number of school construction projects across the globe. For instance, according to a study by Construction Europe, it is estimated that around USD 25 billion will be spent on new school buildings and educational infrastructure in Europe during the period 2018-2020. This investment is expected to generate around 1 million jobs across all 28 EU countries during this period.
The libraries application segment was valued at USD 546 million in 2017 and is expected to grow at a CAGR of XX% from 2018 to 2030 owingto an increase in demand for public library construction across various regions including North America.
Regional Analysis:
Asia Pacific dominated the global institutional furniture market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to increasing number of schools and colleges in China, India, South Korea and Japan. Moreover, growing awareness regarding early education among middle-class population in developing countries including China and India is anticipated to fuel the regional demand for school buildings over the next eight years.
Europe accounted for a significant share of global institutional furniture market due to presence of a large number of universities across Europe that are investing more on library facilities considering rising research activities on academic side by students as well as faculty members.
North America held a substantial revenue share within institutional furniture industry mainly driven by U.S.
Growth Factors:
- Increasing demand for Institutional Furniture from the education sector as a result of the increasing number of educational institutions across the globe.
- Rising demand for Institutional Furniture from hospitals and other healthcare facilities due to the growing population and rising incidence of diseases.
- Increasing adoption of Institutional Furniture by businesses, especially in developing countries, due to the growth in their workforce and office space requirements.
- Growing popularity of ergonomic furniture among consumers, which is driving demand for Institutional Furniture that is designed to provide better comfort and support.
- Technological advancements that are resulting in new designs and features being incorporated into institutional furniture, making it more appealing to consumers
Scope Of The Report
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, Herman Miller
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Institutional Furniture Market Report Segments:
The global Institutional Furniture market is segmented on the basis of:
Types
Metal, Wood, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Schools, Libraries, Churches, Theaters, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Herman Miller
- HNI
- Steelcase
- Knoll
- Smith System
- Herman Miller
Highlights of The Institutional Furniture Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Metal
- Wood
- Others
- By Application:
- Schools
- Libraries
- Churches
- Theaters
- 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 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Institutional furniture is furniture that is typically used in institutional settings such as schools, hospitals, and prisons. This type of furniture is often designed to be durable and easy to clean.
Some of the major companies in the institutional furniture market are Herman Miller, HNI, Steelcase, Knoll, Smith System, Herman Miller.
The institutional furniture market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
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
14.3.6 Herman Miller
