DUBLIN--(BUSINESS WIRE)--The "Laboratory Furniture Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.
The laboratory furniture market is estimated to grow at a CAGR of 2.76% to reach US$1,815.156 million in 2026 from US$1,500.314 million in 2019.
Furniture of the laboratory that includes laboratory tables, laboratory IPS unit, pedestal laboratory furniture, and others are specially designed to support experiments and withstand the harsh conditions of the laboratory environment as it is made of a special type of material that prevents the growth of the bacterium
Laboratory furniture is a specialized class of furniture that is for laboratory usage. Laboratory furniture is modular and utilizes a much more effective design for mobility compared to traditional furniture. The laboratory furniture market is segmented based on the End-users, the type of the product, the need of the End-users, and the distribution channel
The most common lab furniture categories include laboratory benches, forensic cabinets, apparel dispensers, carts, chemical cabinets, drawers, and general cabinets. There has been a significant investment in the chemical, pharmaceutical, and educational sectors in the last three years. The government has also increased its investment significantly in the R&D infrastructure arena. Lab furniture manufacturers have seized these opportunities and provided the equipment and services accordingly
Healthcare modification has become highly impulsive with the introduction of the various healthcare act. Use of environment-friendly material in the production of the laboratory furniture among other factors such as the use of 3D visualization services by the manufactures to decrease the furniture design & layout errors, increase in government spending on education and research and increase in demand of the modular lab furniture is expected to increase the market growth.
The increase in the consciousness of health has compelled the healthcare providers to have medical equipment financing to avoid the risk of limited capital budgets, thus this has also increased the adoption of purchasing the medical pieces of equipment on finance. Though the claim process of the medical equipment financing is easy, the premium cost has increased which has become a challenge for many End-users of the medical
Companies Mentioned
- Kottermann GmbH
- Waldner
- Teclab
- Zeba Labs
- A.T. Villa, Inc.
- Labconco
- Yamato Scientific co., ltd
- Kewaunee Scientific Corporation
- PSA Laboratory Furniture LLC
- MOTT Manufacturing Ltd.
COVID-19 Impacts on the Market
The COVID-19 pandemic had disrupted the industry due to the lockdown of the manufacturing facilities and the trade barriers which were imposed across the globe. However, the market is gradually recovering and is speculated to return to the pre-COVID level soon
The COVID-19 has impacted consumer behavior and manufacturing trends and that has raised the importance of digitalization and automation for the furniture industry. Digital technology has advanced and using this, new products are being developed for medical usage. As the communication method has advanced, the executives are responding faster to the changes in the market such as the consumer demand, boosting their operational efficiency, and the gain cost-saving benefits.
Key Topics Covered:
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Laboratory Furniture Market Analysis, By Type
5.1. Introduction
5.2. Laboratory Storage Cabinet
5.3. Laboratory Bench
5.4. Fume Hood
5.5. Laboratory Stools & Chairs
5.6. Laboratory IPS
5.7. Laboratory Tables
5.8. Accessories
6. Laboratory Furniture Market Analysis, By End-Users
6.1. 6.1. Introduction
6.2. 6.2. School & College
6.3. Government Labs
6.4. Pharmaceutical Labs
6.5. Others
7. Laboratory Furniture Market Analysis, by Geography
7.1. Introduction
7.2. North America
7.3. South America
7.4. Europe
7.5. The Middle East and Africa
7.6. Asia Pacific
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/twtkrb
