Laboratory Furniture Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

 According to the report published by Facts & Factors, the global Laboratory Furniture Market size was worth around USD 6420 million in 2019 and is predicted to grow around USD 32.1 million by 2026 with a compound annual growth rate (CAGR) of roughly 9% between 2020 and 2026. The report analyzes the global Laboratory Furniture Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Laboratory Furniture Market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Laboratory Furniture industry. The report analyzes and declares the historical and current trends analysis of the Laboratory Furniture industry and subsequently recommends the projected trends anticipated to be observed in the Laboratory Furniture market during the upcoming years.

The Laboratory Furniture market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Laboratory Furniture market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• According to an interview with industry participants, North America was the leading region in terms of target market
• The target market generated revenue of USD 6,400 Million in 2019
• In terms of type, lab bench was the major revenue generated category
• In terms of application, education was the leading category
• Growing awareness regarding the ill effects of improperly designed furniture has been one of the major drivers of the target market

Key Recommendations from Analysts

• As per our analyst, the target market is expected to grow at the CAGR of around 9%
• The target market is anticipated to generate revenue of around USD 11,700 Million in 2026
• Lab bench and Education categories of type and application segments are anticipated to be leading categories in 2026 as well
• North America will continue its dominance over the forecast period owing to the K-12 student population growth
• Increasing population and number of schools is a major factor that will continue to be one of the major drivers for the target market growth

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Laboratory Furniture industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Laboratory Furniture industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Laboratory Furniture market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Laboratory Furniture industry. The Laboratory Furniture market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

Report Scope

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Laboratory Furniture sector. Key strategic developments in the Laboratory Furniture market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Laboratory Furniture market are appropriately highlighted in the report.

Increasing number of clinical laboratories, diagnostic centers, growing research industry and private laboratories is driving the target market growth. Increasing population, industrialization, and rising infrastructure are contributing to increasing laboratories. Moreover, increasing investment by major pharmaceutical and healthcare industry players in medical research has boosted the target market growth.

In addition, government policies and increasing government funding for medical research have been propelling the target market growth as well. Furthermore, increasing medical educational institutes owing to increasing enrollment in medical courses is augmenting the target market growth.

The Laboratory Furniture market research report delivers an acute valuation and taxonomy of the Laboratory Furniture industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Laboratory Furniture industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Laboratory Furniture industry is provided for the leading economies of the world.

The Laboratory Furniture market is segmented based on Type and Application.  On the basis of type segmentation, the market is classified into lab cabinet, lab bench, fume hood, lab stool, and others. In terms of Application segmentation, the market is bifurcated into government, education, industry, and research & development.

Competitive Analysis

Some of the essential players operating in the Laboratory Furniture market, but not restricted to include :

• Kewaunee Scientific Corp
• Waldner
• Kottermann
• Mott Manufacturing
• Tec Lab
• Symbiote Inc.
• HLF
• PSA Laboratory Furniture
• LabGuard
• LOC Scientific
• HEMCO

The taxonomy of the Laboratory Furniture Market by its scope and segmentation is as follows:

By Type Segmentation Analysis (Customizable)

• Lab Cabinet
• Lab Bench
• Fume Hood
• Lab Stool
• Others

By Application Segmentation Analysis (Customizable)

• Government
• Education
• Industry
• Research & Development

Regional Segmentation Analysis (Customizable)

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa