World News: 18:23 GMT Monday 20th March 2017. [Technavio Research via Businesswire via SPi World News]
Technavio has announced the top five leading vendors in their recent global preschool furniture market report until 2021. This research report also lists five other prominent vendors that are expected to impact the market during the forecast period.
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Technavio has published a new report on the global preschool furniture market from 2017-2021. (Graphic: Business Wire)
The research study by Technavio on the global preschool furniture market for 2017-2021 provides detailed industry analysis based on the product (seating and tables) and geography (APAC, North America, Europe, and ROW).
“The global preschool furniture market is projected to grow to USD 196.2 million by 2021, growing at a CAGR of close to 8% over the forecast period. The diverse learning methodologies being adopted in preschools to create a stimulating environment for the overall development of the child is one of the key driving factors responsible for the growth of the market,” says Jhansi Mary, a lead analyst at Technavio for school and college essentials research.
Competitive vendor landscape
The global preschool furniture market is characterized by several global and regional players who compete based on product differentiation and pricing. The competition is expected to intensify further owing to increased product extensions and the emergence of online retailers. Vendors are focusing on increasing consumer base and market foothold by offering packaged deals and trying to innovate with designs, materials, and technologies. Besides adaptability and flexibility, vendors are realizing the technology penetration in classrooms and are adopting multiple hardware to manufacture furniture models.
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Top five vendors in the global preschool furniture market
Gonzagarredi Montessori (GAM) offers furniture for preschool, primary school, secondary school, and libraries; other Montessori materials; and soft furnishing. It has a huge variety of furniture for the preschool segment which are produced under the supervision and certification of AMI.
Jonti-Craft manufactures furniture for children, classrooms, waiting areas, day cares, and playrooms. It supports merchandising in multiple ways such as product data, images, training, flyers, and website. The company mainly manufactures products in children seating, desk, table, storage, and changing cabinet categories.
Smith System is one of the leading education furniture manufacturers which offers a wide range of products for the preschool segment. The company has a wide range of furniture for the global preschool furniture market in different segments such as seating, desks, tables, storage, carts, shelving, and accessories.
Virco’s key offerings are to provide furniture in the global education market with a primary focus on preK-12 and higher education segments. Apart from the educational sector, Virco is also one of the leading furniture and equipment suppliers for government facilities, convention centers, and the hospitality industry.
VS has a strong export market. It operates mainly in Germany, Europe, Asia, Australia, and the US. The key offerings of the company are furniture for preschool, school, and the office living and working space.
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Technavio is leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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Business Wire: 18:23 GMT Monday 20th March 2017
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