About the School Furniture Market in the Gulf Cooperation Council
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.
Technavio’s analysts forecast the school furniture market in GCC to grow at a CAGR of 15.25% during the period 2016-2020.
Covered in this report
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:
Technavio Announces the Publication of its Research Report – School Furniture Market in GCC 2016-2020
Technavio recognizes the following companies as the 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.
Commenting on the report, an analyst from Technavio’s team said: “A key trend that will boost market growth is the growing emphasis on STEM education. Over the past few years, national governments in GCC has increased focus on providing STEM education to students. The government of Oman is encouraging students to take up careers, degree programs, and apprenticeships in STEM subjects because they realize the employment prospects in this field. To remain competitive across the global economy, Oman is trying to bring changes in its education system to prepare a pool of skilled workforce.”
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.
Intermetal, Mahmayi Office Furniture, Steelcase, Technical Furniture Industries, VS Furniture, EDUMAX, EduPark, TM Lab Systems, Knoll, Najmi Furniture.
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