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(Construction.IndustryNews247.Com, August 20, 2018 ) The institutional furniture market includes companies engaged in producing general purpose institutional furniture for schools, libraries, churches, and theatres. These products may be assembled or unassembled and manufactured on a custom or stock basis.
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https://www.thebusinessresearchcompany.com/report/institutional-furniture-global-market-report-2018
The global institutional furniture market was valued at $226 billion in 2017, and is expected to be driven by increasing demand for contemporary furniture and rise in the number of markets for such furniture. Asia Pacific was the largest geographic region in the market in 2017, accounting for more than two-fifths of the market share.
The institutional furniture market in The Business Research Company’s report is divided into the following segments: school furniture, general purpose institutional furniture, and public bar, bowling center, cafeteria, and restaurant furniture.
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China was the largest country in the institutional furniture market in 2017, accounting for one-fourth share of the market. This is partially due to high presence of fabrics and apparel manufacturing facilities in China, which consume textiles as raw materials.
The top five competitors in the market are Herman Miller, HNI Corporation, Steelcase, Knoll Inc., and Smith System. Herman Miller was the biggest player in the market in 2017. The company is into designing, manufacturing, and distribution of office furniture systems, home furnishings, textiles, and related services. It also provides modular systems for offices, residential settings, and ergonomic solutions. It markets the products through its own dealer network, retailers, and independent dealers. The company is based in Zeeland, Michigan.
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