Wilmington, Delaware, United States, Sept. 27, 2023 (GLOBE NEWSWIRE) -- The laboratory furniture market was estimated to have acquired US$ 930.6 million in 2021. It is anticipated to register a 6.3% CAGR from 2022 to 2031 and by 2031; the market is likely to gain US$ 1.81 billion.
Incorporating IoT and sensor technologies into lab furniture can enhance efficiency and safety. Smart lab benches that monitor environmental conditions, equipment usage, and chemical storage provide real-time data to researchers, improving resource management.
Laboratories often require adaptable layouts to accommodate changing research needs. Modular lab furniture allows for easy reconfiguration and expansion, optimizing space and reducing costs. Manufacturers offering customizable, scalable solutions will find a growing market.
As sustainability gains importance, lab furniture made from eco-friendly materials, and featuring energy-efficient designs, is in demand. Manufacturers that prioritize sustainability will have a competitive edge as laboratories aim to reduce their environmental footprint.
Laboratories are recognizing the importance of ergonomic design for the health and productivity of lab personnel. Furniture with adjustable heights, improved ventilation, and customizable workstations will find favor among labs prioritizing employee well-being. The pharmaceutical and biotech sectors are expanding rapidly, driving the need for specialized lab furniture to support research in drug discovery, biotechnology, and diagnostics.
Educational institutions and training facilities require durable, cost-effective lab furniture. Manufacturers that cater to this market segment can tap into opportunities created by the growth of online and hybrid education.
As research and development activities expand globally, opportunities for lab furniture suppliers exist in emerging markets, including Asia-Pacific and Latin America, where increased investment in science and technology infrastructure is observed.
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Market Snapshot:
| Report Coverage | Details | |
| Market Revenue | US$ 930.6 Mn | |
| Estimated Revenue | US$ 1.81 Bn | |
| Growth Rate - CAGR | 6.3% | |
| Forecast Period | 2022-2031 | |
| No. of Pages | 149 Pages | |
| Market Segmentation | By Type, By End-users, By Distribution Channel | |
| Regions Covered | North America, Latin America, Europe, Asia Pacific, Middle East & Africa | |
| Companies Covered | Aakar Scientific Pvt. Ltd., Compagnie de Saint-Gobain S.A., HEMCO Corporation, Innovative Inc., Kewaunee Labway India Pvt. Ltd, Kewaunee Scientific Corporation, Kottermann GmbH, MOTT Manufacturing Ltd., PSA Laboratory Furniture LLC, Yamato Scientific co., ltd | |
Key Findings of the Market Report
- Laboratory tables dominate the laboratory furniture market, providing essential work surfaces for research, experiments, and various scientific activities.
- Medical laboratories dominate the laboratory furniture market, driven by stringent requirements for specialized, high-quality furniture to support healthcare research and diagnostics.
- Online distribution channels dominate the laboratory furniture market, with increased accessibility and convenience for customers seeking lab furniture solutions.
Market Trends for Laboratory Furniture
- Modern laboratories prioritize flexibility in furniture and layout to accommodate evolving research needs. Adjustable and modular furniture solutions enable labs to reconfigure and optimize space as research projects change, reducing costs and enhancing efficiency.
- Lab safety and ergonomic considerations are central trends. Furniture manufacturers are focusing on designs that enhance user comfort and minimize the risk of workplace injuries.
- Height-adjustable workstations, improved ventilation systems, and chemical-resistant materials are examples of safety and ergonomic innovations. These trends align with the well-being of lab personnel and foster a productive research environment.
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Global Market for Laboratory Furniture: Regional Outlook
- North America, led by the United States, dominates the laboratory furniture market due to its robust R&D activities, advanced healthcare infrastructure, and stringent safety standards. Research and educational institutions, pharmaceutical, and biotechnology sectors drive market growth.
- Europe boasts a mature market, driven by well-established laboratories in pharmaceuticals, healthcare, and academia. Sustainability and ergonomic designs are significant trends, aligning with Europe's focus on environmental responsibility and employee well-being.
- Asia-Pacific is a rapidly growing region, primarily due to increased investment in research and development activities, especially in countries like China and India. Expansion in biotech, pharmaceuticals, and educational institutions fuels market growth.
- Latin America is experiencing growing investment in laboratory infrastructure, creating opportunities for furniture manufacturers. Pharmaceutical and academic sectors contribute to regional market expansion.
- Expansion in healthcare and research infrastructure, along with the growth of educational institutions, drives demand for laboratory furniture in the Middle East and Africa, making it a region with untapped potential.
Global Laboratory Furniture Market: Key Players
The laboratory furniture market is highly competitive, featuring established manufacturers and innovative entrants. Key players compete by offering customizable and ergonomic solutions, eco-friendly materials, and advanced designs that cater to diverse laboratory needs.
Product quality, sustainability, and adherence to safety standards are paramount in this dynamic landscape. The following companies are well-known participants in the global Laboratory Furniture market:
- Aakar Scientific Pvt. Ltd.
- Compagnie de Saint-Gobain S.A.
- HEMCO Corporation
- Innovative Inc.
- Kewaunee Labway India Pvt. Ltd
- Kewaunee Scientific Corporation
- Kottermann GmbH
- MOTT Manufacturing Ltd.
- PSA Laboratory Furniture LLC
- Yamato Scientific Co. Ltd.
Product Portfolio
- Aakar Scientific offers a comprehensive product portfolio of laboratory furniture, including workstations, fume hoods, and storage solutions, designed to meet diverse research and industrial needs.
- Compagnie de Saint-Gobain specializes in innovative laboratory furniture solutions, featuring ergonomic designs, sustainable materials, and customizable options for laboratories worldwide.
- HEMCO Corporation delivers a product portfolio encompassing laboratory fume hoods, clean air enclosures, and safety equipment, ensuring laboratory safety and environmental compliance.
Partial Table of Content (ToC):
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions
3. Research Methodology
4. Executive Summary
5. Market Overview
5.1. Introduction
5.2. Market Dynamics
5.2.1. Drivers
5.2.2. Restraints
5.2.3. Opportunities
5.3. Key Trends Analysis
5.3.1. Demand Side Analysis
5.3.2. Supply Side Analysis
5.4. Key Market Indicators
5.4.1. Overall Furniture Industry Overview
5.5. Covid-19 Impact Analysis
5.6. Regulatory Framework
5.7. Porter’s Five Forces Analysis
5.8. Value Chain Analysis
5.9. Industry SWOT Analysis
5.10. Global Laboratory Furniture Market Analysis and Forecast, 2017 - 2031
5.10.1. Market Revenue Projections (US$ Mn)
5.10.2. Market Revenue Projections (000’ Units)
6. Global Laboratory Furniture Market Analysis and Forecast, by Type
6.1. Laboratory Furniture Market Size (US$ Mn, Thousand Units) Forecast, by Type, 2017 - 2031
6.1.1. Laboratory Tables
6.1.2. Laboratory Stools & Benches
6.1.3. Laboratory Desk & Storage Cabinets
6.1.4. Pedestal Laboratory Furniture
6.1.5. Laboratory IPS Units
6.1.6. Storage Cabinets & Racks
6.1.7. Others
6.2. Incremental Opportunity, By Type
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Global Laboratory Furniture Market Segmentation
By Type
- Laboratory Tables
- Laboratory Stools & Benches
- Laboratory Desk & Storage Cabinets
- Pedestal Laboratory Furniture
- Laboratory IPS Units
- Storage Cabinets & Racks
- Others (Fixtures, Regboards, etc.)
By End-users
- School & Colleges Laboratory
- Medical Laboratory
By Distribution Channel
- Online
- Offline
By Region
- North America
- Europe
- Asia Pacific
- MEA
- South America
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