The Latin America, Middle East and Africa School Furniture Market would witness market growth of 10.9% CAGR during the forecast period (2023-2029).
User-friendly, sturdy, and high-quality materials like wood, medium-density fiber (MDF) board, plastics, and metals are used in the manufacturing of school furniture, which includes lockers, cupboards, desks, chairs, filing & storage cabinets, display boards, and lab equipment. Students can concentrate on their studies to the fullest extent because of the way school furniture is created to ensure their physical and mental well-being. The physical area is transformed into a dynamic learning environment, increasing the flexibility and general productivity of both teachers and pupils.
The allocation of government funds toward education has a noteworthy influence on the market. Reportedly, an increase in government spending on education may lead to schools having more funds to allocate toward the purchase of new furniture. Therefore, the aforementioned factor has the potential to result in a surge in orders as well as sales for manufacturers of school furniture. The school furniture market has experienced an increase in demand due to recent innovations. The implementation of innovative school furniture can provide new characteristics and functionality that have the potential to enhance the learning experience of children.
The education sector is growing rapidly in the African region as well. In accordance with research done in 2021 by the Federal University of Technology, Akure, Nigeria, the efficiency of classroom tasks like reading, writing, and typing is impacted by high levels of postural stress caused by insufficient benches in classrooms. Many schools have taken note of this and are changing their furniture. A significant driver of the expansion of the LAMEA market would be the abundance of raw materials in the region. Furthermore, along with the expansion of lumber mill production, the demand for wooden furniture will also expand. Consequently, it is anticipated that these factors will have a big impact on the growth of the regional market.
The Brazil market dominated the LAMEA School Furniture Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $123.3 Million by 2029. The Argentina market is exhibiting a CAGR of 11.5% during (2023 - 2029). Additionally, The UAE market would showcase a CAGR of 10.6% during (2023 - 2029).
Based on Product, the market is segmented into Storage Units, Seating Furniture, Lab Furniture and Others. Based on Application, the market is segmented into Classroom, Library & Labs, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide School Furniture Market is Projected to reach USD 5.7 Billion by 2029, at a CAGR of 5.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include MillerKnoll, Inc., Virco Mfg. Corporation, The HON Company (HNI Corporation), Smith System, Hertz Furniture, VS America, Inc., Paragon Furniture, Inc., Haskell Education, Marco Group, Inc. and Fleetwood Group.
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