Global Institutional Furniture Market, By Type (Seating, Storage, Desks & Tables, Others), By End Use (Schools, Universities, Healthcare, Others), By Distribution Channel (Offline, Online), By Region, Forecast By competition and opportunities, 2017 -2027
New York, April 14, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Institutional Furniture Market, By Type, By End-Use, By Distribution Channel, By Region, Competition Forecast and Opportunities, 2017- 2027” – https://www.reportlinker.com/p06267890/?utm_source=GNW
The global institutional furniture market is expected to grow at a significant rate during the forecast period. The growth can be attributed to the growing spending capacity of people in emerging economies and continued infrastructure development activities.
Institutional furniture includes seating, storage cabinets, desks, tables, etc., used in schools, colleges, healthcare facilities, and other spaces. The growing demand for ergonomically designed furniture and the increased availability of aesthetically appealing and affordable furniture are some of the factors driving the adoption of institutional furniture. Major authorities are allocating funds to advance the infrastructure in different facilities and provide its citizens with quality. With growing health awareness and increased incidence of chronic and infectious diseases, the use of beds, waiting room furniture equipped with the latest technologies, diagnostic room furniture, etc., is growing. rapidly. Thus, healthcare facilities are increasingly adopting institutional furniture to provide greater comfort and convenience to patients during their visits, which is expected to fuel their market growth. The emergence of private and world-class schools has led to an increased demand for comfortable, aesthetically superior and colorful furniture to provide an enhanced student experience, which is expected to drive the global institutional market in the coming years. The increase in the number of public and private facilities as well as the number of market players offering high-end furniture products is driving the demand from the institutional market. The increasing number of online and offline sales channels providing institutional furniture at affordable prices and offering facilities like home delivery is driving the growth of the global institutional furniture market.
The global institutional furniture market is segmented by type, end use, distribution channel, regional distribution and competitive landscape. On the basis of end-use, the market is further divided into schools, universities, healthcare, and others.
The school segment is expected to hold the largest share in the global institutional furniture market owing to the growing demand for ergonomic furniture for the comfort of children. Many schools around the world are increasingly adopting desks and chairs with attached wheels and spacious cabinets to provide greater convenience to students, which contributes 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
Goal of the study:
• To analyze historical market size growth of the global institutional furniture market from 2017 to 2021.
• Estimate and forecast the global Institutional Furniture market size from 2022 to 2027 and the growth rate till 2027.
• To classify and forecast the global Institutional Furniture Market based on product type, application, fuel type, region and competitive landscape.
• To identify the dominant region or segment in the global institutional furniture market.
• To identify drivers and challenges for the global institutional furniture market.
• Examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the global institutional furniture market.
• Identify and analyze the profile of key players operating in the global institutional furniture market.
• Identify the key sustainable strategies adopted by market players in the global institutional furniture market.
In this report, the global institutional furniture market has been segmented into the following categories, in addition to industry trends which have also been detailed below:
• Institutional furniture market, by type:
o Desks & Tables
• Institutional furniture market, by end use:
• Institutional furniture market, by distribution channel:
• Institutional furniture market, by region:
o North America
o Middle East and Africa
United Arab Emirates
o South America
The analyst conducted extensive primary and secondary research for this study. Initially, the analyst sourced a list of manufacturers across the country.
Subsequently, the analyst conducted primary research surveys with the identified companies. During the interviews, the respondents were also asked about their competitors.
Using this technique, TechSci Research was unable to include service providers that could not be identified due to secondary research limitations. The analyst looked at the manufacturers, distribution channels and presence of all major players across the country.
The analyst has calculated the global institutional furniture market size using a bottom-up approach, in which data of various end-user segments has been recorded and forecasted for the coming years. The analyst obtained these values from industry experts and company representatives and validated them externally by analyzing historical data for these types of products to derive an appropriate overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key target audience:
• Institutional furniture manufacturing companies/partners
• End users
• Government bodies such as regulators and policy makers
• Organizations, industry associations, forums and alliances related to the global institutional furniture market
The study is helpful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners, end users, etc. in addition to allowing them to develop investment strategies and capitalize on market opportunities.
Company Profiles: Detailed analysis of the major companies present in the global institutional furniture market.
With the given market data, we offer customizations based on the specific needs of a business. The following customization options are available for the report:
• Detailed analysis and profiling of other market players (up to five).
Read the full report: https://www.reportlinker.com/p06267890/?utm_source=GNW
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