Global School Furniture Market (2025-2031) | Competitive, Pricing Analysis, Analysis, Forecast, Supply, Strategy, Competition, Trends, Drivers, Value, Segments, Industry, Consumer Insights, Outlook, Investment Trends, Size, Opportunities, Revenue, Companies, Restraints, Challenges, Growth, Share, Demand, Segmentation, Strategic Insights

Market Forecast by Regions and Countries (North America, Europe, LATAM, Middle East, Asia and Africa), By Product (Seating Furniture, Storage Units, Lab Furniture, Others), By Application (Classroom, Library & Labs, Others) And Competitive Landscape
Product Code: ETC13271716 Publication Date: Apr 2025 Updated Date: Jul 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Bhawna Singh No. of Pages: 190 No. of Figures: 80 No. of Tables: 40

Global School Furniture Market Size & Growth Rate

According to 6Wresearch internal database and industry insights, the Global School Furniture Market was valued at USD 4.5 Billion in 2024 and is expected to reach USD 6.1 Billion by 2031, growing at a compound annual growth rate of 4.60% during the forecast period (2025-2031).

Global School Furniture Market Overview

The Global School Furniture Market is experiencing steady growth driven by increasing investments in educational infrastructure worldwide. The market encompasses a wide range of products including desks, chairs, storage units, and classroom accessories designed to enhance the learning environment. Demand for ergonomic and multifunctional furniture solutions is on the rise as schools focus on creating comfortable and flexible spaces for students. Technological advancements are also influencing the market with the integration of smart features into furniture designs. Asia-Pacific is a key region for market growth due to rapid urbanization and expanding educational facilities. Sustainable and environmentally friendly materials are gaining popularity among consumers, reflecting a growing emphasis on green practices in the education sector. Overall, the Global School Furniture Market is poised for further expansion driven by evolving educational trends and the modernization of learning spaces.

Global School Furniture Market Trends and Opportunities

The Global School Furniture Market is experiencing a shift towards ergonomic and multifunctional designs to promote student comfort and productivity. Sustainable materials and modular furniture solutions are also gaining traction as schools prioritize environmentally-friendly options. The integration of technology in furniture, such as charging stations and connectivity features, presents new opportunities for suppliers to cater to the digital needs of modern educational environments. Additionally, the rise of online learning and hybrid models due to the pandemic has created a demand for flexible furniture arrangements that can easily adapt to different teaching formats. With a focus on creating engaging and collaborative learning spaces, manufacturers have the opportunity to innovate and offer customizable solutions that meet the evolving needs of educational institutions worldwide.

Global School Furniture Market Challenges

In the Global School Furniture Market, challenges often include changing educational trends and technology integration impacting the demand for traditional furniture, supply chain disruptions affecting raw material availability and pricing, and the need for sustainable and ergonomic designs to promote student well-being. Additionally, budget constraints in educational institutions and the competitive landscape with a wide range of local and international manufacturers further intensify the challenges faced by market players. Adapting to evolving customer preferences, ensuring compliance with safety standards, and addressing issues related to transportation and logistics are crucial aspects for companies operating in the Global School Furniture Market to navigate effectively and maintain a competitive edge.

Global School Furniture Market Drivers

The global school furniture market is primarily driven by the increasing focus on creating modern and comfortable learning environments to enhance student engagement and academic performance. Schools and educational institutions are investing in ergonomic and versatile furniture solutions that promote collaboration, creativity, and overall well-being among students. Additionally, the growing trend of refurbishing existing educational facilities and the construction of new schools in developing regions are fueling the demand for school furniture. Technological advancements in furniture design, such as the incorporation of smart features and sustainable materials, are also influencing market growth. Moreover, the emphasis on creating inclusive and accessible learning spaces for students with diverse needs is driving the adoption of specialized furniture solutions in the global school furniture market.

Global School Furniture Market Government Policy

Government policies related to the Global School Furniture Market vary by country but often focus on ensuring the safety, quality, and ergonomics of school furniture, as well as promoting sustainability and environmentally friendly practices. Some governments have regulations in place to set standards for the materials used in school furniture, such as ensuring they are non-toxic and durable. Other policies may involve providing financial incentives or grants to schools to purchase eco-friendly furniture or support local furniture manufacturers. Additionally, some countries have guidelines for the design and layout of classrooms to enhance the learning environment. Overall, government policies in the Global School Furniture Market aim to promote the well-being of students and create a conducive learning environment while also encouraging sustainable practices in the industry.

Global School Furniture Market Future Outlook

The Global School Furniture Market is projected to experience steady growth in the coming years, driven by factors such as increasing investments in educational infrastructure, rising emphasis on creating modern and comfortable learning environments, and the growing number of educational institutions worldwide. Additionally, the shift towards innovative and ergonomic furniture designs to enhance student comfort and productivity is expected to fuel market growth. The adoption of online learning methods and the integration of technology into classrooms are also influencing the demand for versatile and adaptable furniture solutions. As sustainability and environmental consciousness become more prominent in the education sector, the market is likely to see a rise in demand for eco-friendly and durable furniture options. Overall, the Global School Furniture Market is poised for expansion as educational institutions prioritize creating conducive learning spaces for students.

Global School Furniture Market Regional Insights

In the Global School Furniture Market, Asia is expected to witness significant growth due to the increasing population and rising investments in educational infrastructure. North America boasts a strong demand for ergonomic and technologically advanced school furniture, driven by a focus on student well-being and comfort. Europe is characterized by a trend towards sustainable and eco-friendly school furniture solutions, aligning with the region`s emphasis on environmental conservation. Middle East and Africa are experiencing growth in the school furniture market due to rapid urbanization and government initiatives to improve educational facilities. Latin America is showing potential for growth with increasing awareness about the importance of quality education and the need for modern and innovative school furniture designs to enhance the learning environment.

Key Highlights of the Report:

  • Global School Furniture Market Outlook
  • Market Size of Global School Furniture Market, 2024
  • Forecast of Global School Furniture Market, 2031
  • Historical Data and Forecast of Global School Furniture Revenues & Volume for the Period 2021 - 2031
  • Global School Furniture Market Trend Evolution
  • Global School Furniture Market Drivers and Challenges
  • Global School Furniture Price Trends
  • Global School Furniture Porter's Five Forces
  • Global School Furniture Industry Life Cycle
  • Historical Data and Forecast of Global School Furniture Market Revenues & Volume
  • Historical Data and Forecast of Global School Furniture Market Revenues & Volume By Product for the Period 2021 - 2031
  • Historical Data and Forecast of Global School Furniture Market Revenues & Volume By Seating Furniture for the Period 2021 - 2031
  • Historical Data and Forecast of Global School Furniture Market Revenues & Volume By Storage Units for the Period 2021 - 2031
  • Historical Data and Forecast of Global School Furniture Market Revenues & Volume By Lab Furniture for the Period 2021 - 2031
  • Historical Data and Forecast of Global School Furniture Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Global School Furniture Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of Global School Furniture Market Revenues & Volume By Classroom for the Period 2021 - 2031
  • Historical Data and Forecast of Global School Furniture Market Revenues & Volume By Library & Labs for the Period 2021 - 2031
  • Historical Data and Forecast of Global School Furniture Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of North America School Furniture Market Revenues & Volume By Product for the Period 2021 - 2031
  • Historical Data and Forecast of North America School Furniture Market Revenues & Volume By Seating Furniture for the Period 2021 - 2031
  • Historical Data and Forecast of North America School Furniture Market Revenues & Volume By Storage Units for the Period 2021 - 2031
  • Historical Data and Forecast of North America School Furniture Market Revenues & Volume By Lab Furniture for the Period 2021 - 2031
  • Historical Data and Forecast of North America School Furniture Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of North America School Furniture Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of North America School Furniture Market Revenues & Volume By Classroom for the Period 2021 - 2031
  • Historical Data and Forecast of North America School Furniture Market Revenues & Volume By Library & Labs for the Period 2021 - 2031
  • Historical Data and Forecast of North America School Furniture Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of United States of America School Furniture Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Canada School Furniture Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of North America School Furniture Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) School Furniture Market Revenues & Volume By Product for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) School Furniture Market Revenues & Volume By Seating Furniture for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) School Furniture Market Revenues & Volume By Storage Units for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) School Furniture Market Revenues & Volume By Lab Furniture for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) School Furniture Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) School Furniture Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) School Furniture Market Revenues & Volume By Classroom for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) School Furniture Market Revenues & Volume By Library & Labs for the Period 2021 - 2031
  • Historical Data and Forecast of Latin America (LATAM) School Furniture Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Brazil School Furniture Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Mexico School Furniture Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Argentina School Furniture Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of LATAM School Furniture Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Asia School Furniture Market Revenues & Volume By Product for the Period 2021 - 2031
  • Historical Data and Forecast of Asia School Furniture Market Revenues & Volume By Seating Furniture for the Period 2021 - 2031
  • Historical Data and Forecast of Asia School Furniture Market Revenues & Volume By Storage Units for the Period 2021 - 2031
  • Historical Data and Forecast of Asia School Furniture Market Revenues & Volume By Lab Furniture for the Period 2021 - 2031
  • Historical Data and Forecast of Asia School Furniture Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Asia School Furniture Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of Asia School Furniture Market Revenues & Volume By Classroom for the Period 2021 - 2031
  • Historical Data and Forecast of Asia School Furniture Market Revenues & Volume By Library & Labs for the Period 2021 - 2031
  • Historical Data and Forecast of Asia School Furniture Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of China School Furniture Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of India School Furniture Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Japan School Furniture Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of Asia School Furniture Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Africa School Furniture Market Revenues & Volume By Product for the Period 2021 - 2031
  • Historical Data and Forecast of Africa School Furniture Market Revenues & Volume By Seating Furniture for the Period 2021 - 2031
  • Historical Data and Forecast of Africa School Furniture Market Revenues & Volume By Storage Units for the Period 2021 - 2031
  • Historical Data and Forecast of Africa School Furniture Market Revenues & Volume By Lab Furniture for the Period 2021 - 2031
  • Historical Data and Forecast of Africa School Furniture Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Africa School Furniture Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of Africa School Furniture Market Revenues & Volume By Classroom for the Period 2021 - 2031
  • Historical Data and Forecast of Africa School Furniture Market Revenues & Volume By Library & Labs for the Period 2021 - 2031
  • Historical Data and Forecast of Africa School Furniture Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of South Africa School Furniture Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Nigeria School Furniture Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Egypt School Furniture Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of Africa School Furniture Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Europe School Furniture Market Revenues & Volume By Product for the Period 2021 - 2031
  • Historical Data and Forecast of Europe School Furniture Market Revenues & Volume By Seating Furniture for the Period 2021 - 2031
  • Historical Data and Forecast of Europe School Furniture Market Revenues & Volume By Storage Units for the Period 2021 - 2031
  • Historical Data and Forecast of Europe School Furniture Market Revenues & Volume By Lab Furniture for the Period 2021 - 2031
  • Historical Data and Forecast of Europe School Furniture Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Europe School Furniture Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of Europe School Furniture Market Revenues & Volume By Classroom for the Period 2021 - 2031
  • Historical Data and Forecast of Europe School Furniture Market Revenues & Volume By Library & Labs for the Period 2021 - 2031
  • Historical Data and Forecast of Europe School Furniture Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of United Kingdom School Furniture Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of France School Furniture Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Germany School Furniture Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of Europe School Furniture Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East School Furniture Market Revenues & Volume By Product for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East School Furniture Market Revenues & Volume By Seating Furniture for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East School Furniture Market Revenues & Volume By Storage Units for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East School Furniture Market Revenues & Volume By Lab Furniture for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East School Furniture Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East School Furniture Market Revenues & Volume By Application for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East School Furniture Market Revenues & Volume By Classroom for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East School Furniture Market Revenues & Volume By Library & Labs for the Period 2021 - 2031
  • Historical Data and Forecast of Middle East School Furniture Market Revenues & Volume By Others for the Period 2021 - 2031
  • Historical Data and Forecast of Saudi Arabia School Furniture Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of UAE School Furniture Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Turkey School Furniture Market Revenues & Volume for the Period 2021 - 2031
  • Historical Data and Forecast of Rest of Middle East School Furniture Market Revenues & Volume for the Period 2021 - 2031
  • Global School Furniture Market - Key Performance Indicators
  • Global School Furniture Market - Import Export Trade Statistics
  • Global School Furniture Market - Opportunity Assessment By Countries
  • Global School Furniture Market - Opportunity Assessment By Product
  • Global School Furniture Market - Opportunity Assessment By Application
  • Global School Furniture Market - Top Companies Market Share
  • Global School Furniture Market - Top Companies Profiles
  • Global School Furniture Market - Comparison of Players in Technical and Operating Parameters
  • Global School Furniture Market - Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

The Global School Furniture Market size was valued USD 4.5 Billion in 2024 and is projected to reach USD 6.1 Billion by 2031.
The expected growth rate of the Global School Furniture Market is 4.60% during the forecast period.
6Wresearch actively monitors the Global School Furniture Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Global School Furniture Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Global School Furniture Market

1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Global School Furniture Market Overview

3.1 Global Regional Macro Economic Indicators

3.2 Global School Furniture Market Revenues & Volume, 2021 & 2031F

3.3 Global School Furniture Market - Industry Life Cycle

3.4 Global School Furniture Market - Porter's Five Forces

3.5 Global School Furniture Market Revenues & Volume Share, By Regions, 2021 & 2031F

3.6 Global School Furniture Market Revenues & Volume Share, By Product, 2021 & 2031F

3.7 Global School Furniture Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Global School Furniture Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Global School Furniture Market Trends

6 Global School Furniture Market, 2021 - 2031

6.1 Global School Furniture Market, Revenues & Volume, By Product, 2021 - 2031

6.1.1 Overview & Analysis

6.1.2 Global School Furniture Market, Revenues & Volume, By Seating Furniture, 2021 - 2031

6.1.3 Global School Furniture Market, Revenues & Volume, By Storage Units, 2021 - 2031

6.1.4 Global School Furniture Market, Revenues & Volume, By Lab Furniture, 2021 - 2031

6.1.5 Global School Furniture Market, Revenues & Volume, By Others, 2021 - 2031

6.2 Global School Furniture Market, Revenues & Volume, By Application, 2021 - 2031

6.2.1 Overview & Analysis

6.2.2 Global School Furniture Market, Revenues & Volume, By Classroom, 2021 - 2031

6.2.3 Global School Furniture Market, Revenues & Volume, By Library & Labs, 2021 - 2031

6.2.4 Global School Furniture Market, Revenues & Volume, By Others, 2021 - 2031

6.3.1 Overview & Analysis

7 North America School Furniture Market, Overview & Analysis

7.1 North America School Furniture Market Revenues & Volume, 2021 - 2031

7.2 North America School Furniture Market, Revenues & Volume, By Countries, 2021 - 2031

7.2.1 United States (US) School Furniture Market, Revenues & Volume, 2021 - 2031

7.2.2 Canada School Furniture Market, Revenues & Volume, 2021 - 2031

7.2.3 Rest of North America School Furniture Market, Revenues & Volume, 2021 - 2031

7.3 North America School Furniture Market, Revenues & Volume, By Product, 2021 - 2031

7.4 North America School Furniture Market, Revenues & Volume, By Application, 2021 - 2031

8 Latin America (LATAM) School Furniture Market, Overview & Analysis

8.1 Latin America (LATAM) School Furniture Market Revenues & Volume, 2021 - 2031

8.2 Latin America (LATAM) School Furniture Market, Revenues & Volume, By Countries, 2021 - 2031

8.2.1 Brazil School Furniture Market, Revenues & Volume, 2021 - 2031

8.2.2 Mexico School Furniture Market, Revenues & Volume, 2021 - 2031

8.2.3 Argentina School Furniture Market, Revenues & Volume, 2021 - 2031

8.2.4 Rest of LATAM School Furniture Market, Revenues & Volume, 2021 - 2031

8.3 Latin America (LATAM) School Furniture Market, Revenues & Volume, By Product, 2021 - 2031

8.4 Latin America (LATAM) School Furniture Market, Revenues & Volume, By Application, 2021 - 2031

9 Asia School Furniture Market, Overview & Analysis

9.1 Asia School Furniture Market Revenues & Volume, 2021 - 2031

9.2 Asia School Furniture Market, Revenues & Volume, By Countries, 2021 - 2031

9.2.1 India School Furniture Market, Revenues & Volume, 2021 - 2031

9.2.2 China School Furniture Market, Revenues & Volume, 2021 - 2031

9.2.3 Japan School Furniture Market, Revenues & Volume, 2021 - 2031

9.2.4 Rest of Asia School Furniture Market, Revenues & Volume, 2021 - 2031

9.3 Asia School Furniture Market, Revenues & Volume, By Product, 2021 - 2031

9.4 Asia School Furniture Market, Revenues & Volume, By Application, 2021 - 2031

10 Africa School Furniture Market, Overview & Analysis

10.1 Africa School Furniture Market Revenues & Volume, 2021 - 2031

10.2 Africa School Furniture Market, Revenues & Volume, By Countries, 2021 - 2031

10.2.1 South Africa School Furniture Market, Revenues & Volume, 2021 - 2031

10.2.2 Egypt School Furniture Market, Revenues & Volume, 2021 - 2031

10.2.3 Nigeria School Furniture Market, Revenues & Volume, 2021 - 2031

10.2.4 Rest of Africa School Furniture Market, Revenues & Volume, 2021 - 2031

10.3 Africa School Furniture Market, Revenues & Volume, By Product, 2021 - 2031

10.4 Africa School Furniture Market, Revenues & Volume, By Application, 2021 - 2031

11 Europe School Furniture Market, Overview & Analysis

11.1 Europe School Furniture Market Revenues & Volume, 2021 - 2031

11.2 Europe School Furniture Market, Revenues & Volume, By Countries, 2021 - 2031

11.2.1 United Kingdom School Furniture Market, Revenues & Volume, 2021 - 2031

11.2.2 Germany School Furniture Market, Revenues & Volume, 2021 - 2031

11.2.3 France School Furniture Market, Revenues & Volume, 2021 - 2031

11.2.4 Rest of Europe School Furniture Market, Revenues & Volume, 2021 - 2031

11.3 Europe School Furniture Market, Revenues & Volume, By Product, 2021 - 2031

11.4 Europe School Furniture Market, Revenues & Volume, By Application, 2021 - 2031

12 Middle East School Furniture Market, Overview & Analysis

12.1 Middle East School Furniture Market Revenues & Volume, 2021 - 2031

12.2 Middle East School Furniture Market, Revenues & Volume, By Countries, 2021 - 2031

12.2.1 Saudi Arabia School Furniture Market, Revenues & Volume, 2021 - 2031

12.2.2 UAE School Furniture Market, Revenues & Volume, 2021 - 2031

12.2.3 Turkey School Furniture Market, Revenues & Volume, 2021 - 2031

12.3 Middle East School Furniture Market, Revenues & Volume, By Product, 2021 - 2031

12.4 Middle East School Furniture Market, Revenues & Volume, By Application, 2021 - 2031

13 Global School Furniture Market Key Performance Indicators

14 Global School Furniture Market - Export/Import By Countries Assessment

15 Global School Furniture Market - Opportunity Assessment

15.1 Global School Furniture Market Opportunity Assessment, By Countries, 2021 & 2031F

15.2 Global School Furniture Market Opportunity Assessment, By Product, 2021 & 2031F

15.3 Global School Furniture Market Opportunity Assessment, By Application, 2021 & 2031F

16 Global School Furniture Market - Competitive Landscape

16.1 Global School Furniture Market Revenue Share, By Companies, 2024

16.2 Global School Furniture Market Competitive Benchmarking, By Operating and Technical Parameters

17 Top 10 Company Profiles

18 Recommendations

19 Disclaimer

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