Acknowledging the kind of traction gained by this market, recently published a study report asserts the Lab Furniture market is expected to reach USD 2247.5 million by 2027, registering a phenomenal CAGR of 3.6% during the review period (2022 to 2027).
Lab Furniture Market Overview
Lab furniture designers are regularly puzzled by the consequences of using old-style Lab furniture that uses 5 times more energy and becomes an impediment to their bottom line. Otherwise, lab furniture makings could ponder on the multitude of options that are available to create efficient and functional labs using Lab furniture that is more sustainable, thus becoming a refinement and harbinger for a safer and more cost-effective strategy. Examples of such labs are flexible workrooms with features such as portable storerooms, or bearable workrooms with topographies such as fume hoods to reduce exhaust rates.
Lab furniture designers are adopting a new approach to project a crafty lab using furniture that is modular and can assist in future-proofing an existing design. Modular furniture such as storage units, cabinets, and defers can be re-constructed using simple tools. Ecological design elements can be added without going through a tedious, disruptive, and costly innovation. As moving to a new facility is not only costly but also not feasible, juxtaposing existing Lab equipment with utilities that are more economical, space efficient, and useful is developing as a key driving factor boosting the growth of the Lab equipment market.
Recent Development
Jan 05, 2022: Kewaunee Scientific Corporation Announces Changes to Domestic Channel Strategy
Kewaunee Scientific Corporation (NASDAQ: KEQU), a recognized global leader in the design, manufacture, and installation of laboratory, healthcare, and technical furniture products, announced a change in its go-to-market channel strategy for the sale and distribution of its products. Kewaunee has historically sold products domestically through a network of dealers and distributors.
April 05, 2022: Thermo Fisher Scientific Launches User-Friendly Raman Spectroscopic Analyzer
Thermo Fisher Scientific Inc. announced the release of a new Raman spectroscopic analyzer for process monitoring for a variety of applications, including biopharmaceutical manufacturing. The Thermo Scientific Ramina Process Analyzer offers non-destructive and continuous analysis without the need for sample preparation, with rapid system setup and deployment in as little as 15 minutes to generate spectral data on target analytes within seconds.
Who are the Major Players in Lab Furniture Market?
The Lab Furniture Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end-users. The three dependencies for the status of major companies in the market are company profile, profitable gross margin, the prices they charge. These are the main players in this market including Waldner, Kewaunee Scientific Corp, Thermo Fisher, Labconco, Asecos gmbh, Esco, Diversified Woodcrafts, NuAire, Institutional Casework, Mott Manufacturing, Shimadzu Rika, Telstar, Kottermann, The Baker Company, Yamato Scientific Co, Terra Universal, Sheldon Laboratory Systems, Labtec, A.T. Villa, Symbiote Inc, HLF, Rongtuo, Teclab, LOC Scientific, LabGuard and others.
What are the major Applications, Types, and Regions for Lab Furniture Market?
By Type, it is segmented into
- Lab Bench
- Lab Cabinet
- Lab Fume Hood
- Lab Stool
- Furniture Accessories
By Applications, it is segmented into
- Education
- Government
- Industrial
- Research
- Pharmaceutical
Lab Furniture Market Regional Analysis
North America is estimated to be the prominent market shareholder and is expected to continue throughout the forecast period. The government of this region investing more in its military leading to the increasing construction of military research centers has an important influence on the market growth. For instance, according to the International Institute for Strategic Studies data issued, February 2020, is declaring that the United States has made spending of USD 684.6 billion on its military and defense which is considered to be greater than the top 10 ten militaries of other countries.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Lab Furniture Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2028 CAGR
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CAGR of 3.6% during the review period (2022 to 2027).
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By Type
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- Lab Bench
- Lab Cabinet
- Lab Fume Hood
- Lab Stool
- Furniture Accessories
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By Application
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- Education
- Government
- Industrial
- Research
- Pharmaceutical
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By Companies
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Waldner, Kewaunee Scientific Corp, Thermo Fisher, Labconco, Asecos gmbh, Esco, Diversified Woodcrafts, NuAire, Institutional Casework
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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158
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Lab Furniture Report
- Evaluate Lab Furniture market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end-use applications, and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.
- Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Lab Furniture market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand, and competitive landscape for more than top 20 countries globally for the market.
All our reports are custom made to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Question -
What is the study period of this market?
The Lab Furniture Market is studied from 2022-2027.
Who are the Prime players in the Lab Furniture Market?
Waldner, Kewaunee Scientific Corp, Thermo Fisher, Labconco, Asecos gmbh, Esco, Diversified Woodcrafts, NuAire, Institutional Casework
Which region held the largest share in the Lab Furniture Market?
United States, Europe, China, Japan, Southeast Asia, India and Rest of World
What are the significant types of Lab Furniture Market?
Lab Bench, Lab Cabinet, Lab Fume Hood, Lab Stool, Furniture Accessories
What are the major applications of Lab Furniture Market?
Education, Government, Industrial, Research, Pharmaceutical
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.