Lewes, DE -- (SBWire) -- 06/06/2016 --Report forecast the school furniture market in GCC to grow at a CAGR of 15.25% during the period 2016-2020.
Schools in the GCC region are purchasing furniture as per the needs of teachers and students while primarily focusing on student-oriented classroom setup. The Pre K-12 schools are investing in new and attractive furniture to make the school space lively, comfortable, and engaging for students. Keeping in mind the present day needs of children, schools are cautious while selecting early childhood furniture. Ergonomic designs are preferred as institutions realize its crucial role in a learning environment, which has changed rapidly during the past decade.
The report covers the present scenario and the growth prospects of the school furniture market in GCC for 2016-2020. To calculate the market size, the report considers revenue generated from the following products:
- Seating
- Storage
- Lab equipment
- Others
The market is divided into the following segments based on geography:
- UAE
- Saudi Arabia
- Qatar
- Kuwait
- Oman
- Bahrain
According to the report, a key growth driver is the increased focus on ergonomic needs. Furniture such as desks, tables, and chairs that are unsuitable for students can lead to discomfort and restlessness, reducing attention toward learning. Hence, educational institutions worldwide are following ergonomic standards in classrooms, which has become a crucial parameter while making purchase decisions. Schools and colleges are focusing on designing flexible furniture based on the age and height of students. For instance, vendors are offering chairs that can be personally adjusted and have sloping work surfaces.
Further, the report states that one challenge that would hamper market growth is the lack of funds. The setting up of a private school requires USD 80-120 million of funding in a region where the market to procure funds for private schools remains relatively immature.
School Furniture Market in GCC 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the school furniture market in GCC: Intermetal, Mahmayi Office Furniture, Steelcase, Technical Furniture Industries, and VS Furniture.
Other Prominent Vendors in the market are: EDUMAX, EduPark, TM Lab Systems, Knoll, and Najmi Furniture.
Market driver
- Increased focus on ergonomic needs
- For a full, detailed list, view our report
Market challenge
- Insufficient funds
- For a full, detailed list, view our report
Market trend
- Growing emphasis on STEM education
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 63 pages and 41 Exhibit "School Furniture Market in GCC 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market overview, Market segmentation by product, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Other prominent vendors, Appendix.
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