Institutional furniture includes companies engaged in producing general purpose institutional furniture for schools, libraries, churches and theaters. These products may be assembled or unassembled and manufactured on a custom or stock basis.
Institutional Furniture Global Market Size
The global institutional furniture market was valued at $225.3 billion in 2017. Asia Pacific was the largest geographic region accounting for $100.2 billion or 44.5% of the global market. China was the largest country accounting for $59.4 billion or 26.3% of the global institutional furniture market.
Institutional Furniture Global Market Trend
Furniture manufacturers are adopting sustainable practices in their manufacturing process. This is mainly a result of growing consumer awareness on sustainable living that is resulting in increasing demand for eco–friendly furniture. This includes minimizing fuel consumption and recycling sheet metal and wood by–products. Companies manufacturing ecofriendly furniture products procure wood from plantations that grow sustainable plants and have a long term conservation policy.
The companies covered are Herman Miller, HNI Corporation, Steelcase, Knoll Inc., and Smith System.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Institutional Furniture Global Market Segmentation
The institutional furniture market is segmented into School Furniture, General Purpose Institutional Furniture, and Public Bar, Bowling Center, and Cafeteria, And Restaurant Furniture.
School Furniture comprises establishments primarily engaged in manufacturing school-type furniture. The furniture may be made on a stock or custom basis and may be assembled or unassembled (i.e., knockdown).
General Purpose Institutional Furniture comprises establishments primarily engaged in manufacturing general purpose institutional-type furniture. The furniture may be made on a stock or custom basis and may be assembled or unassembled (i.e., knockdown).
Public Bar, Bowling Center, Cafeteria, And Restaurant Furniture comprises establishments primarily engaged in manufacturing institutional-type furniture like for bars, bowling centers, cafeteria and restaurant furniture. The furniture may be made on a stock or custom basis and may be assembled or unassembled (i.e., knockdown).
