Library Furniture Market Size, Share & Trends Growth [2031]
Library Furniture Market Size, Share & Trends Growth [2031]
Segments - Library Furniture Market by Type (Library Shelves, Library Tables, Library Seating, and Others), Material (Wooden Furniture, Metal Furniture, Plastic Furniture, and Others), Application (K-12 Schools, Higher Education, and Public Libraries), and Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2031
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| Report ID :CG-5926
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Report Description
Library Furniture Market Outlook
The Global Library Furniture Market was estimated at USD 4,111.8 Mn in 2022 and is anticipated to reach USD 6,066.8 Mn by 2031, expanding at a CAGR of 4.5% during the forecast period.
Library Furniture refers to various types of furniture and equipment used in libraries to facilitate reading, research, and study. This includes shelves, tables, and other items of specialized furniture designed and used in libraries to support various activities and functions.
The furniture is often designed to be functional and durable, while also being comfortable and aesthetically pleasing to create a conducive environment for studying and learning. Such furniture is found in libraries affiliated with schools, colleges, universities, bookstores, private libraries, and public libraries. They serve a variety of functions, including providing storage, creating an efficient reading space, or enhancing the decor of a room.
Macro-economic Factors
Population & Modern Infrastructure
The rising population at a global level increases the number of educational institutes in the region. Educational institutes have inbuilt libraries on their premises. The growing number of educational institutes is projected to fuel the penetration of libraries and thereby, library furniture. Moreover, millennials are focusing on the construction of their library in their homes.
Library furniture includes a wide range such as bookshelves, tables, chairs, book podiums, and book trucks. Moreover, players offer customization according to the requirement of the user. This, in turn, is expected to fuel the sale of library furniture.
Education Expenditures
Governments across the globe are investing in the education industry to increase the number of admissions in educational institutes. Education spending includes expenditures on universities, schools, and other public and private institutions, delivering and supporting educational services. The rising number of candidates in universities encourages investments in libraries. This, in turn, is anticipated to fuel the demand for library furniture, as they are required for organizing the books systematically.
Library Furniture Market Dynamics
Market Driver- Increasing Investments in the Development of School Libraries
Library furniture is used widely in numerous schools, due to its comfort and storage capacity. The rising focus on the development of educational services is expected to fuel the demand for products during the forecast period. Institutes invest heavily in the implementation of durable and comfortable furniture to increase favorable student experiences.
Increasing government investments in the creation of advanced educational facilities are anticipated to boost its demand in various government institutions and schools. The demand for comfortable seats is growing rapidly. The rising demand for excellent educational infrastructure is expected to drive the global library furniture market in the coming years.
Market Driver- Increasing Use of Library Furniture
Educational institutions, including schools, colleges, and universities, widely use library furniture consisting of library chairs, tables, and bookshelves. A growing number of students across the globe are increasingly focusing on education. The library furniture is used extensively in several schools, as they are comfortable to sit and read. Books are stored easily in such furniture, which in turn, is expected to expand the market in the coming years.
Market Restraint- Upsurge of Online Lectures and Classes
The advent of the COVID-19 pandemic has led to the adoption of online lectures, which in turn, is anticipated to hinder the market in the coming years. The closure of colleges, institutes, and schools during the pandemic impede the sales of library furniture drastically. Further, the dependence upon the Internet of Things (IoT) services is expected to eliminate the need for library furniture during the forecast period.
Market Opportunity- Comfort and Ergonomics
Comfort and ergonomics play a significant role in the library furniture market by providing opportunities for growth and innovation. Libraries aim to provide a comfortable and welcoming environment for their patrons, which includes comfortable furniture enhances the overall user experience, thus encouraging visitors to spend more time in the library. Libraries are places where people spend extended periods of time reading, studying, or working.
Ergonomically designed chairs, desks, and study carrels help promote good posture, reduce fatigue, and improve overall comfort, making the library an inviting and productive space. Libraries create spaces that promote extended reading, studying, and research sessions by offering ergonomic seating, adjustable tables, and supportive chairs. Additionally, ergonomics focuses on designing furniture that promotes good posture and reduces physical strain on the body. Libraries that prioritize ergonomics contribute to the health and well-being of their users.
Scope of Library Furniture Market Report
The Global Library Furniture market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Library Furniture Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Type (Library shelves, Library tables, Library seating, and Others), Material (Wooden furniture, Metal furniture, Plastic furniture, and Others), Application (K-12 schools, Higher education, and Public libraries). |
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Regional Scope |
Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered |
Brodart, Creative Library Concepts, Demco, Inc., Fleetwood Group, Herman Miller, Hertz Furniture, KI, Minncor Industries, Smith System, Steelcase Inc., and others. |
Library Furniture Market Segmental Outlook
Based on type, the market is segmented into library shelves, library tables, library seating, and others. The library seating segment is expected to hold a considerable share of the market during the forecast, due to the fast replaceable rate of seating chairs and others.
Library seating refers to the furniture specifically designed and arranged in libraries to provide comfortable and functional seating options for patrons. It plays a crucial role in creating inviting spaces where individuals read, study, research, collaborate, and engage in various activities.
On the basis of material, the market is fragmented into wooden furniture, metal furniture, plastic furniture, and others. The wooden furniture segment holds a key share of the market. Wooden furniture in libraries refers to furniture pieces made primarily from wood or incorporating wooden elements. Wood has been a popular choice for library furniture, due to its durability, aesthetic appeal, and versatility. The adoption of wooden furniture in libraries in many educational institutes and research organizations is rising, due to its high durability, driving the segment. Additionally, rising spending on educational infrastructure development, especially in developed regions, is propelling the segment.
In terms of application, the market is classified as K-12 schools, higher education, and public libraries. The public libraries segment is anticipated to expand at a significant CAGR during the forecast period. This segment growth is attributed to the rising investments in public libraries from civil society organizations, impacted by the growing interest in keeping libraries in their local areas.
Public libraries are community-based institutions that provide free access to a wide range of resources and services to people of all ages and backgrounds. These libraries are typically funded by local, state, or national government bodies and are open to the public.
Regional Outlook
Based on regions, the market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for a significant share of the market in 2022, due to the rising funding. Libraries have become important community hubs; therefore, the funding has become readily available to update and improve their facilities. This has allowed libraries to invest in high-quality furniture that is durable and functional.
Key Benefits for Industry Participants & Stakeholders
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In-depth Analysis of the Global Library Furniture Market
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Historical, Current, and Projected Market Size in Terms of Value
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Potential and niche Segments and Regions Exhibiting Promising Growth Covered
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Industry Drivers, Restraints, and Opportunities Covered in the Study
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Recent Industry Trends and Developments
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Competitive Landscape & Strategies of Key Players
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Neutral Perspective on Global Library Furniture Market Performance
Segments
By Type
- Library Shelves
- Library Tables
- Library Seating
- Others
By Material
- Wooden Furniture
- Metal Furniture
- Plastic Furniture
- Others
By Application
- K-12 Schools
- Higher Education
- Public Libraries
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Market Players Profiled in the Report
- Brodart
- Creative Library Concepts
- Demco, Inc
- Fleetwood Group
- Herman Miller
- Hertz Furniture
- KI
- Minncor Industries
- Smith System
- Steelcase Inc
Competitive Landscape
Manufacturers operating in the Global Library Furniture market are Brodart, Creative Library Concepts, Demco, Inc., Fleetwood Group, Herman Miller, Hertz Furniture, KI, Minncor Industries, Smith System, Steelcase Inc., and others.
Market players are pursuing strategies such as acquisitions, product launches, collaborations, and geographic expansion to leverage untapped opportunities in the global library furniture market.
Key Developments
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Steelcase, launched Edvi, a colorful and functional personal storage furniture. The final product is an unjointed structure that is held together by carefully designed fittings and jigs.
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In May 2022, Hertz Furniture acquired New Hampshire-based School Furnishings as part of a national growth strategy. This move will expand the presence of Hertz Furniture in New England and provide new products to the existing consumer base in the region.
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In March 2023, Smith System launched Numbers Mobile Chair. It is a globe-trotting chair that is ergonomically designed for good posture. The chair’s shell has enough flex and the right angle to let kids turn, twist, and fidget to interact with other students in the classroom.
Frequently Asked Questions
The base year considered for the Global Library Furniture market report is 2022. The complete analysis period is 2016 to 2031, wherein, 2016 to 2021 are the historic years, and the forecast is provided from 2023 to 2031.
The forecasted year considered for the Global Library Furniture market report is 2031.
In addition to market size (in US$ Million), company market share (in % for the base year 2022), macroeconomic factors, and supply chain analysis.
The Global Library Furniture market was negatively impacted by COVID-19 worldwide. The sudden spike in COVID-19 cases has provoked governments to deploy restrictions on manufacturing and transport. Several institutions have adopted online lectures to avoid virus spread and contain virus spread. As a result, the product's supply and demand have been affected adversely. The lack of raw materials and restrictions imposed on travel may hinder product sales. Further, the shutdown of schools, libraries, and universities lowers demand radically.
Major manufacturers include Herman Miller, KI, Steelcase Inc., Brodart, Demco, Inc., and others.
Factors such as rising population, education spending, and modern infrastructure are analyzed in the final report.
According to this Growth Market Reports report, the Global Library Furniture market is likely to register a CAGR of 4.5% during the forecast period 2023-2031, with a projected valuation of USD 6,066.8 million by the end of 2031.
The increasing Investments in the development of school libraries, increasing use of library furniture, and rising demand for high-quality and durable furniture are the factors expected to drive the market growth during the forecast period.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
Additional company profiles can be provided on request. For a discussion related to the above findings, click Speak to Analyst.
Table Of Content
Chapter 1 Executive SummaryChapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Library Furniture Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Library Furniture Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Library Furniture Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Library Furniture Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Library Furniture Market Size & Forecast, 2016-2031
4.5.1 Library Furniture Market Size and Y-o-Y Growth
4.5.2 Library Furniture Market Absolute $ Opportunity
Chapter 5 Global Library Furniture Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 Library Furniture Market Size Forecast By Type
5.2.1 Library Shelves
5.2.2 Library Tables
5.2.3 Library Seating
5.2.4 Others
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Library Furniture Market Analysis and Forecast By Material
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Material
6.1.2 Basis Point Share (BPS) Analysis By Material
6.1.3 Absolute $ Opportunity Assessment By Material
6.2 Library Furniture Market Size Forecast By Material
6.2.1 Wooden Furniture
6.2.2 Metal Furniture
6.2.3 Plastic Furniture
6.2.4 Others
6.3 Market Attractiveness Analysis By Material
Chapter 7 Global Library Furniture Market Analysis and Forecast By Application
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By Application
7.1.2 Basis Point Share (BPS) Analysis By Application
7.1.3 Absolute $ Opportunity Assessment By Application
7.2 Library Furniture Market Size Forecast By Application
7.2.1 K-12 Schools
7.2.2 Higher Education
7.2.3 Public Libraries
7.3 Market Attractiveness Analysis By Application
Chapter 8 Global Library Furniture Market Analysis and Forecast by Region
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities by Region
8.1.2 Basis Point Share (BPS) Analysis by Region
8.1.3 Absolute $ Opportunity Assessment by Region
8.2 Library Furniture Market Size Forecast by Region
8.2.1 North America
8.2.2 Europe
8.2.3 Asia Pacific
8.2.4 Latin America
8.2.5 Middle East & Africa (MEA)
8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
9.1 Introduction
9.2 Current & Future Impact Analysis
9.3 Economic Impact Analysis
9.4 Government Policies
9.5 Investment Scenario
Chapter 10 North America Library Furniture Analysis and Forecast
10.1 Introduction
10.2 North America Library Furniture Market Size Forecast by Country
10.2.1 U.S.
10.2.2 Canada
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 North America Library Furniture Market Size Forecast By Type
10.6.1 Library Shelves
10.6.2 Library Tables
10.6.3 Library Seating
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type
10.10 North America Library Furniture Market Size Forecast By Material
10.10.1 Wooden Furniture
10.10.2 Metal Furniture
10.10.3 Plastic Furniture
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis By Material
10.12 Absolute $ Opportunity Assessment By Material
10.13 Market Attractiveness Analysis By Material
10.14 North America Library Furniture Market Size Forecast By Application
10.14.1 K-12 Schools
10.14.2 Higher Education
10.14.3 Public Libraries
10.15 Basis Point Share (BPS) Analysis By Application
10.16 Absolute $ Opportunity Assessment By Application
10.17 Market Attractiveness Analysis By Application
Chapter 11 Europe Library Furniture Analysis and Forecast
11.1 Introduction
11.2 Europe Library Furniture Market Size Forecast by Country
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 U.K.
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Europe Library Furniture Market Size Forecast By Type
11.6.1 Library Shelves
11.6.2 Library Tables
11.6.3 Library Seating
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 Europe Library Furniture Market Size Forecast By Material
11.10.1 Wooden Furniture
11.10.2 Metal Furniture
11.10.3 Plastic Furniture
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis By Material
11.12 Absolute $ Opportunity Assessment By Material
11.13 Market Attractiveness Analysis By Material
11.14 Europe Library Furniture Market Size Forecast By Application
11.14.1 K-12 Schools
11.14.2 Higher Education
11.14.3 Public Libraries
11.15 Basis Point Share (BPS) Analysis By Application
11.16 Absolute $ Opportunity Assessment By Application
11.17 Market Attractiveness Analysis By Application
Chapter 12 Asia Pacific Library Furniture Analysis and Forecast
12.1 Introduction
12.2 Asia Pacific Library Furniture Market Size Forecast by Country
12.2.1 China
12.2.2 Japan
12.2.3 South Korea
12.2.4 India
12.2.5 Australia
12.2.6 South East Asia (SEA)
12.2.7 Rest of Asia Pacific (APAC)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Asia Pacific Library Furniture Market Size Forecast By Type
12.6.1 Library Shelves
12.6.2 Library Tables
12.6.3 Library Seating
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Asia Pacific Library Furniture Market Size Forecast By Material
12.10.1 Wooden Furniture
12.10.2 Metal Furniture
12.10.3 Plastic Furniture
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis By Material
12.12 Absolute $ Opportunity Assessment By Material
12.13 Market Attractiveness Analysis By Material
12.14 Asia Pacific Library Furniture Market Size Forecast By Application
12.14.1 K-12 Schools
12.14.2 Higher Education
12.14.3 Public Libraries
12.15 Basis Point Share (BPS) Analysis By Application
12.16 Absolute $ Opportunity Assessment By Application
12.17 Market Attractiveness Analysis By Application
Chapter 13 Latin America Library Furniture Analysis and Forecast
13.1 Introduction
13.2 Latin America Library Furniture Market Size Forecast by Country
13.2.1 Brazil
13.2.2 Mexico
13.2.3 Rest of Latin America (LATAM)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Latin America Library Furniture Market Size Forecast By Type
13.6.1 Library Shelves
13.6.2 Library Tables
13.6.3 Library Seating
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Latin America Library Furniture Market Size Forecast By Material
13.10.1 Wooden Furniture
13.10.2 Metal Furniture
13.10.3 Plastic Furniture
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis By Material
13.12 Absolute $ Opportunity Assessment By Material
13.13 Market Attractiveness Analysis By Material
13.14 Latin America Library Furniture Market Size Forecast By Application
13.14.1 K-12 Schools
13.14.2 Higher Education
13.14.3 Public Libraries
13.15 Basis Point Share (BPS) Analysis By Application
13.16 Absolute $ Opportunity Assessment By Application
13.17 Market Attractiveness Analysis By Application
Chapter 14 Middle East & Africa (MEA) Library Furniture Analysis and Forecast
14.1 Introduction
14.2 Middle East & Africa (MEA) Library Furniture Market Size Forecast by Country
14.2.1 Saudi Arabia
14.2.2 South Africa
14.2.3 UAE
14.2.4 Rest of Middle East & Africa (MEA)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Middle East & Africa (MEA) Library Furniture Market Size Forecast By Type
14.6.1 Library Shelves
14.6.2 Library Tables
14.6.3 Library Seating
14.6.4 Others
14.7 Basis Point Share (BPS) Analysis By Type
14.8 Absolute $ Opportunity Assessment By Type
14.9 Market Attractiveness Analysis By Type
14.10 Middle East & Africa (MEA) Library Furniture Market Size Forecast By Material
14.10.1 Wooden Furniture
14.10.2 Metal Furniture
14.10.3 Plastic Furniture
14.10.4 Others
14.11 Basis Point Share (BPS) Analysis By Material
14.12 Absolute $ Opportunity Assessment By Material
14.13 Market Attractiveness Analysis By Material
14.14 Middle East & Africa (MEA) Library Furniture Market Size Forecast By Application
14.14.1 K-12 Schools
14.14.2 Higher Education
14.14.3 Public Libraries
14.15 Basis Point Share (BPS) Analysis By Application
14.16 Absolute $ Opportunity Assessment By Application
14.17 Market Attractiveness Analysis By Application
Chapter 15 Competition Landscape
15.1 Library Furniture Market: Competitive Dashboard
15.2 Global Library Furniture Market: Market Share Analysis, 2022
15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
15.3.1 Brodart
15.3.2 Creative Library Concepts
15.3.3 Demco, Inc.
15.3.4 Fleetwood Group
15.3.5 Herman Miller
15.3.6 Hertz Furniture
15.3.7 KI
15.3.8 Minncor Industries
15.3.9 Smith System
15.3.10 Steelcase
Methodology
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