Study carrels are commonly found in business offices, educational institutions, and private residences. These study carrels are mostly made of wood and come in a variety of sizes. Charger-connecting ports are also built into study carrels, allowing candidates to connect their electronic device (laptops, mobile phones, tablets) chargers to ports. Furthermore, universities prefer to install customized study carrels that meet their specific needs, including height, working space, base structure, and overall shape. Study carrels are very useful for storing books and other study materials.
Market Dynamics for Study Carrels on a Global Scale
The rapidly increasing demand in universities for high-quality experience for their students is a major driving factor for the global study carrels market. The global study carrels market is expected to grow rapidly due to macroeconomic factors such as increasing government educational investments, rising per capita income, and emerging countries such as China, India, and Brazil. Furthermore, the growing number of educational institutes such as schools, colleges, and tuition classes around the world propels the study carrels market forward.
Individuals’ high investments in order to obtain high-end study facilities at home are expected to drive the global study carrels market growth over the forecast period. The global study carrels market is expected to grow at a rapid pace due to the high demand for customised study carrels that meet the needs of customers. However, strict government regulations on deforestation are a major restraining factor for the global study carrels market, which may slow the market significantly over the forecast period. The high cost of study carrels, as well as the availability of substitute products like tables, benches, and others, may limit the global study carrels market’s growth.
Market for Study Carriers in the World: Regional Prospects
The global study carrels market is divided into six regions based on geography: North America, Latin America, Europe, Japan, APEJ (Asia Pacific excluding Japan), CIS & Russia, and MEA (Middle East and Africa) (the Middle East and Africa). North America, followed by Western Europe, is expected to account for a significant market share in the global study carrels market over the forecast period, owing to growing demand for study carrels in large enterprise offices and universities in these regions.
Furthermore, due to the rapidly increasing number of students and robust growth in the construction of new educational institutes across the region, APEJ is expected to have a significant growth rate in the global study carrels market over the forecast period. However, one of the driving factors for the global study carrels market will be the rapidly growing e-Commerce industry and the ease of product availability across emerging countries such as China and India. Due to increased demand for study carrels from hospitals, enterprise offices, and residential purposes, Japan is expected to capture a large market share in the global study carrels market.
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