Global Laboratory Furniture Market, By Product (Laboratory Tables, Laboratory Stools and Chairs, Laboratory Storage Cabinets, Pedestal Laboratory Furniture, Laboratory IPS Units, Lab Bench, Fume Hood, Accessories and Others), End-Users (School and College Laboratory and Medical Laboratory), Distribution Channel (Online and Offline), Application (Education, Government, Industry, Research and Pharmaceutical), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Laboratory Furniture Market
The laboratory furniture market is expected to be growing at a growth rate of 4.67% in the forecast period of 2022 to 2028. Data Bridge Market Research analyses the factors responsible for fostering the growth of the laboratory furniture market. The increasing number of greener labs is expected to create new opportunity for the market.
Laboratory furniture is specially designed to support experiments in a laboratory while also being able to withstand the harsh conditions of the laboratory environment. Laboratory tables, laboratory IPS units, lab benches, laboratory storage cabinets, pedestal laboratory furniture, and other types of laboratory furniture are common.
The increased use of eco-friendly materials in the manufacture of laboratory furniture is expected to boost market growth. Other factors such as rising demand for modular lab furniture, increased use of 3D visualisation services by manufacturers to reduce furniture design and layout errors, rising demand for ergonomic furniture, and rising government spending on education and research will drive up demand for laboratory furniture.
The increasing use of sustainable materials such as stainless steel, which extends the life of the furniture and allows for recycling, is a significant and ongoing trend that will continue to influence the growth of the laboratory furniture market. Furthermore, solvent-free powder coatings, which are less volatile and less expensive, are gaining popularity in the laboratory furniture market.
On the flip side, the tariffs will have a negative impact on furniture manufacturers who source their materials from abroad, restricting the growth of the laboratory furniture market. Tariffs also indirectly impact local players, who must deal with rising domestic stainless steel prices.
This laboratory furniture market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on laboratory furniture market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Laboratory Furniture Market Scope and Market Size
Laboratory furniture market is segmented of the basis of product, end-users, distribution channel and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on product, the laboratory furniture market is segmented into laboratory tables, laboratory stools & chairs, laboratory storage cabinets, pedestal laboratory furniture, lab bench, fume hood, accessories, laboratory IPS units and others.
- End-users segment of the market is divided into school & college laboratory and medical laboratory. Medical laboratory is further segmented into pharma labs, biotech labs, government labs, CRO labs, semi-conductor labs, diagnostic research labs and chemical labs.
- On the basis of distribution channel, the laboratory furniture market is segmented into online and offline.
- Application segment of the market is divided into education, government, industry, research and pharmaceutical.
Laboratory Furniture Market Country Level Analysis
The laboratory furniture market is analysed and market size insights and trends are provided by country, of product, end-users, distribution channel and application as referenced above.
The countries covered in the laboratory furniture market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region dominate the laboratory furniture market and will continue to excel its trend of dominance during the forecast period owing to the increased focus of the manufacturers on product innovations and increased expenditure for research and development proficiencies in regards to the incorporation of advanced technologies. Asia-Pacific will register the highest growth rate for the forecast period of 2022 to 2029 owing to the growing middle-class populations in Asia-Pacific's economies are raising customer expectations, resetting strategic imperatives for industrial manufacturers in the area, westernization and modernization are some major market growth determinants for this region.
The country section of the laboratory furniture market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Laboratory Furniture Market Share Analysis
The laboratory furniture market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Laboratory Furniture market.
Some of the major players operating in the laboratory furniture market report are Kewaunee Scientific Corporation, Mott Manufacturing Ltd., Thermo Fisher Scientific Inc., Labconco, Köttermann GmbH, Diversified Woodcrafts, Inc., Esco Micro Pte Ltd., NuAire, Shimadzu RIKA Corporation, Baker, Yamato Scientific co., ltd., Terra Universal. Inc., Labtec LLC, A.T. Villa, Inc., Symbiote, PSA Laboratory Furniture, LOC SCIENTIFIC, Teclab, HEMCO Corporation, MERCI, s.r.o., among others.
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