Global Laboratory Furniture Market
Global Laboratory Furniture Market was valued at US$ 1,610.18 Mn in 2021, estimated to reach US$ 2,265.20 Mn in 2027, with a CAGR of 4.85% (2022-2027).
Laboratory furniture is defined as furniture that has been specifically designed so that it can be built into any form of laboratory. Laboratory furniture makes work possible and easier. This furniture is designed with materials that might be conducive to the work being done & designed in a way that can withstand the rigors of lab environments. It is vital to select the proper furnishings material & be aware of surface choice as this affects the longevity of the furnishing investment.
Market Drivers
The increasing use of eco-friendly materials and items in the manufacturing of laboratory furniture is expected to boost Global Laboratory Furniture Market growth. There is a rising demand for modular lab & ergonomic furniture, increased use of 3D visualization services by manufacturers which reduce furniture design and layout errors, incorporation of advanced technologies and rising government spending on education & research has driven the demand for Laboratory Furniture Market.
The popularity of establishing research & development centers by many small and large companies across the globe act as a driving factor for Laboratory Furniture Market growth. However, moving to a brand new facility acts costly and not feasible; dealing with existing laboratory furniture with utilities which is more economical, space efficient & functional is emerging as a key driving factor boosting the growth of the Laboratory Furniture Market. Sustainable furniture and energy recovery system which allow cost reduction & improvements in the design of environment-friendly laboratories are witnessing high demand in this Market.
Market Restraints
The tariffs that have a negative impact on furniture manufacturers who source their products and materials from abroad, restricting the growth of the Laboratory Furniture Market. Such tariffs also indirectly impact local market players, who deal with rising domestic stainless-steel prices.
The high cost of the products and materials are restraining small group and individuals which in turn is hampering the growth of for Laboratory Furniture Market.
Technology is proliferating at an increasing rate. With scientific evolution, more markets are utilizing talents and this is leading to the creation of science parks & hubs. The downside to this is rising real estate costs which can impede the Laboratory Furniture Market, as more and more workers are being forced to work in smaller spaces. One of the prime barriers in the Laboratory Furniture Market is the high initial investment required for medical furniture. Huge investment is required to purchase and replace existing furniture in any medical laboratory which acts as a restraining factor.
Market Segmentation
Global Laboratory Furniture Market is segmented into type and application. By product market is segmented into lab bench, lab cabinet, fume hoods, stool, and accessories. By application, market is segmented into education, government, industry, research, and pharmaceutical.
Regional Analysis
The Global Laboratory Furniture Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, MEA.
The market in North America is projected to dominate the Laboratory Furniture market owing to the increased focus of the manufacturers on product innovations & increased expenditure for research & development proficiencies in regards to the incorporation of advanced technologies
APAC is expected to expand at a significant growth rate over the forecast period of 2022 to 2027. Due to the increase in middle-class populations in Asia-Pacific's economies are raising customer expectations, resetting strategic imperatives for industrial manufacturers in the area, westernization & modernization are some major market growth determinants for this region.
Key Players
Kewaunee Scientific Corporation, Mott Manufacturing Ltd., Thermo Fisher Scientific Inc, Labconco, Köttermann GmbH, Diversified Woodcrafts, Esco Micro Pte Ltd, NuAire, Shimadzu RIKA Corporation, WALDNER Laboreinrichtungen GmbH & Co. KG., etc.
Market Taxonomy
By Type
By Application
Global Laboratory Furniture Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Laboratory Furniture Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Laboratory Furniture Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Laboratory Furniture Market Share Analysis, By Type
5.3 Global Laboratory Furniture Market Size and Forecast, By Type
5.3.1 Lab Bench
5.3.2. Lab Cabinet
5.3.3. Fume Hood
5.3.4. Stool
5.3.5. Accessories
6 Global Laboratory Furniture Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Laboratory Furniture Market Share Analysis, By Application
6.3 Global Laboratory Furniture Market Size and Forecast, By Application
6.3.1 Education
6.3.2 Government
6.3.3. Industry
6.3.4. Research
6.3.5. Pharmaceutical
7 Global Laboratory Furniture Market, By Region
7.1 Global Laboratory Furniture Market Share Analysis, By Region
7.2 Global Laboratory Furniture Market Share Analysis, By Region
7.3 Global Laboratory Furniture Market Size and Forecast, By Region
8 North America Laboratory Furniture Market Analysis and Forecast (2022-2027)
8.1 Introduction
8.2 North America Laboratory Furniture Market Share Analysis, By Type
8.3 North America Laboratory Furniture Market Size and Forecast, By Application
8.5 North America Laboratory Furniture Market Size and Forecast, By Country
8.5.1 U.S.
8.5.2 Canada
8.5.3 Mexico
9 Europe Laboratory Furniture Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 Europe Laboratory Furniture Market Share Analysis, By Type
9.3 Europe Laboratory Furniture Market Size and Forecast, By Application
9.5 Europe Laboratory Furniture Market Size and Forecast, By Country
9.5.1 Germany
9.5.2 France
9.5.3 UK
9.54. Rest of Europe
10 Asia Pacific Laboratory Furniture Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Asia Pacific Laboratory Furniture Market Share Analysis, By Type
10.3 Asia Pacific Laboratory Furniture Market Size and Forecast, By Application
10.5 Asia Pacific Laboratory Furniture Market Size and Forecast, By Country
10.5.1 China
10.5.2 Japan
10.5.3 India
10.5.4. Rest of Asia Pacific
11 Latin America Laboratory Furniture Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Latin America Laboratory Furniture Market Share Analysis, By Type
11.3 Latin America Laboratory Furniture Market Size and Forecast, By Application
11.5 Latin America Laboratory Furniture Market Size and Forecast, Country
11.5.1. Brazil
11.5.2. Rest of Latin America
12 Middle East Laboratory Furniture Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Middle East Laboratory Furniture Market Share Analysis, By Type
12.3 Middle East Laboratory Furniture Market Size and Forecast, By Application
12.5 Middle East Laboratory Furniture Market Size and Forecast, By Country
12.65.1. Saudi Arabia
12.5.2. UAE
12.5.3. Egypt
15.5.4. Kuwait
12.5.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Kewaunee Scientific Corporation
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Mott Manufacturing Ltd
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Thermo Fisher Scientific Inc
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Labconco
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Köttermann GmbH
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Diversified Woodcrafts
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Esco Micro Pte Ltd
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 NuAire
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Shimadzu RIKA Corporation
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 WALDNER Laboreinrichtungen GmbH & Co. KG
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
