Demand for Pre-school Furniture Expected to Reach $40.17 Billion by 2032, According to Transparency Market Research

PRESS RELEASE
Published June 22, 2023

WILMINGTON, DE / ACCESSWIRE / June 22, 2023 / The global pre-school furniture market was valued at US$ 160.0 Mn in 2022 and is projected to expand at a CAGR of 5.7% from 2023 to 2031 and reach US$ 263.2 Mn by the end of 2031.

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Increase in enrollment in early childhood education is a key factor fueling the preschool furniture market. Rise in demand for safe, attractive, and innovative furniture to create conducive learning environments for pre-schoolers is augmenting market growth. Furthermore, rise in government initiatives to promote early childhood education is creating lucrative market opportunities for industry participants.

Pre-school furniture has significance for toddlers, as pre-school is the first place that introduces them to a classroom setting. Pre-school furniture is essential, as it provides young children a safe and stimulating learning environment.

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Market Snapshot:

Report CoverageDetails
Market RevenueUS$ 160.0 Mn
Estimated ValueUS$ 263.2 Mn
Growth Rate - CAGR5.7%
Forecast Period2023-2031
No. of Pages250 Pages
Market SegmentationType, Material, Application, Price, Distribution Channel
Regions CoveredNorth America, Europe, Asia Pacific, Middle East & Africa, South America
Companies CoveredHerman Miller, Inc., Steelcase, Inc., Knoll, Inc., Smith System Mfg. Co., Scholar Craft Products, Kohburg, Ligneus Products Ltd., VS Vereinigte Spezialmöbelfabriken GmbH & Co. KG, Berkshire Hathaway, Yelken Preschool Education Tools

Key Findings of Study

Incorporation of Modern Teaching Methodologies Fueling Market Expansion - Increase in practice of incorporation of modern teaching methodologies in the curriculum of pre-schoolers is influencing market demand. This entails incorporation of technologically advanced equipment such as tablets, whiteboards, and other digital tools for pre-school education, which, in turn, boosts market statistics.

Pre-school education is evolving, wherein modern teaching methodologies, such as interactive play, activity-based learning, and collaborative environments are increasingly being integrated.

Therefore, pre-school furniture is designed taking into consideration the developmental years of young children. Playful designs, bright colors, and child-friendly features help to stimulate children's imagination and create an engaging and positive atmosphere.

Increase in awareness among parents about the impact of learning environment on the development of their children is fueling market development.

Furthermore, demand for flexible and modular pre-school furniture that offers flexible seating arrangements and interactive learning stations is boosting market value. This is driving manufacturers to focus on innovations and upgrades in their products.

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Increase in Government Initiatives to Promote Early Childhood Education - Governments across the world are taking initiatives to promote preschool education that helps to prepare children for primary school. This involves funding for preschools, and establishment of state-run early childhood learning programs, especially for the underprivileged.

Increase in environmental consciousness among parents is creating demand for environment-friendly and non-toxic pre-school furniture. Pre-schools are increasingly using furniture made from renewable or recycled materials to contribute in environment conservation.

Surge in Demand for Innovative and Comfortable Chairs for Pre-schoolers - In terms of type, the market has been divided into chairs, tables, dividers & partitions, soft seating, storage, display boards & easels, dining sets, and others. The chairs segment is anticipated to dominate the global market during the forecast period.

Manufacturers are increasingly focusing on designing comfortable, safe, and efficient chairs for pre-schoolers. Design of pre-school furniture has emerged as a lucrative segment of the overall furniture industry. Self-adjusting chairs and foldable tables are gaining popularity in pre-schools.

Growth Drivers

  • Increase in awareness about the importance of early childhood education is fueling the pre-school furniture market
  • Initiatives by governments to establish state-run preschools is augmenting market growth

Regional Landscape

According to the latest pre-school furniture market trends, Asia Pacific is expected to account for the leading share during the forecast period. Increase in working women in emerging economies such as India has led to the rise in the number of daycare centers in the region. This is fueling market demand in Asia Pacific. Furthermore, initiatives of the Government of India to impart pre-school education through aanganwadi centers for the underprivileged is creating business opportunities in the region.

The pre-school furniture market in North America is anticipated to increase during the forecast period. This is ascribed to rise in awareness about early childhood education and adoption of modern teaching methodologies in pre-schools.

Competitive Analysis

The pre-school furniture market is consolidated, with the presence of a handful of large-scale players that control majority share. Large players are engaging in comprehensive R&D in order to develop improved products.

Prominent players in the pre-school furniture market include Herman Miller Inc., Knoll Inc., Scholar Craft Products, Ligneus Products Ltd., Berkshire Hathaway, Steelcase Inc., Smith System Mfg Co., Kohburg, and Yelken Preschool Education Tools.

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The global pre-school furniture market is segmented as follows;

Global Pre-school Furniture Market, by Type

  • Tables
  • Chairs
  • Dividers & Partitions
  • Storage
    • Tray Storage
    • Book Storage
    • Shelves & Cupboards
    • Clock Room Storage
    • Others
  • Soft Sittings
    • Bean Bags
    • Sofas
    • Arm Chairs
    • Stools
  • Display Boards & Easels
  • Dining Sets
  • Others

Global Pre-school Furniture Market, by Material

  • Wood
  • Plastic
  • Metal
  • Others

Global Pre-school Furniture Market, by Application

  • Indoor
  • Outdoor

Global Pre-school Furniture Market, by Price

  • Low
  • Medium
  • High

Global Pre-school Furniture Market, by Distribution Channel

  • Online
    • E-commerce Websites
    • Company-owned websites
  • Offline
    • Specialty Stores
    • Independent Retailers
  • Direct Sales

Global Pre-school Furniture Market, by Region

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

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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SOURCE: Transparency Market Research Inc.



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