The global children furniture market is expected to grow at a CAGR of 5.5% during the forecast period (2022-2028). Popcorn Furniture is one of the companies that designs, manufactures, and installs furniture for schools and colleges while catering to all infrastructural requirements for playgrounds, gymnasiums, cafeterias, and dormitories. The company sources raw materials from India and manufactures the products in its unit in Gurgaon. All the production is done using machines imported from Germany. The Delhi-based company has a clientele of 8,000 schools in India including the likes of Shiv Nadar School, Amity International School, The British School. It is also exporting furniture to schools in more than eight countries, and has retail stores in Delhi, Dubai, and Cape Town.
Some major players in the market include Herman Miller Inc., Inter IKEA Systems B.V., and Cosmoplast Industrial Company LLC, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in November 2021, D2C Furniture brand Boingg raised nearly $0.3 million in a seed round led by Inflection Point Ventures, one of India’s largest angel investment platforms. The funds raised will be utilized to increase marketing and branding efforts, along with hiring key team members. Boingg commenced the shipment and installation activities in December 2019. The focus of the products stays on strength, utility and safety of the kids. The Company works on an inventory-less model so as to save on real estate, storage and maintenance costs. The D2C segment in India is exploding, and this growth momentum is for the long term, which will carve out D2C as a strong category and a challenger to legacy brands.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Application
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Herman Miller Inc., Inter IKEA Systems B.V., and Cosmoplast Industrial Company LLC, among others.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global Children Furniture Market Report by Segment
By Application
- Residential
- Commercial
By Distribution Channel
- Online
- Offline
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