DUBLIN, June 1, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "School Furniture Market in GCC 2016-2020" report to their offering.
The school furniture market in GCC to grow at a CAGR of 15.25% during the period 2016-2020.
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.
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.
To calculate the market size, the report considers revenue generated from the following products:
- Lab equipment
- Mahmayi Office Furniture
- Technical Furniture Industries
- VS Furniture
Other prominent vendors
- TM Lab Systems
- Najmi Furniture
For more information visit http://www.researchandmarkets.com/research/7h7hn8/school_furniture
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SOURCE Research and Markets