Laboratory Furniture Market Size, Share, Opportunities, And Trends By Type (Laboratory Storage Cabinet, Laboratory Bench, Fume Hood, Laboratory Stools & Chairs, Laboratory IPS, Laboratory Tables, Accessories), By Product (Flat Belt, Modular Belt, Cleated Belt), By End-User (School & College, Government Labs, Pharmaceutical Labs, Others), And By Geography - Forecasts From 2025 To 2030

Laboratory Furniture Market is projected to grow at a CAGR of 2.35% between 2025 to 2030.

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 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 various healthcare acts. Use of environment-friendly material in the production of laboratory furniture among other factors such as the use of 3D visualization services by the manufacturers to decrease furniture design & layout errors, increase in government spending on education and research and increase in demand for modular lab furniture is expected to increase the market growth.

The increase in the consciousness of health has compelled 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 for medical equipment financing is easy,  the premium cost has increased which has become a challenge for many end-users of the medical

Earlier in 2020, the announcement was made as a part of the Union Budget 2020-21 where the Union government had moved to hike customs duty on imported furniture from the existing 20% to 25% to safeguard the interests of India’s micro, small and medium enterprises.

CII’s set of recommendations said higher taxes are detrimental for most retailers as it prevents them from keeping costs low for end consumers. “Recently we have seen that customs duty on furniture products and raw material to manufacture furniture products has been increased substantially. This has resulted in a disturbance in the furniture industry. This further has resulted in inflation for the final customers," CII said.

CII has sought a reduction in customs duty for furniture products and raw materials used to manufacture furniture and asked the government to avoid frequent changes to the rates.

Heavy tariffs and the high cost of real estate are some of the factors hampering the growth of the laboratory furniture market in the forecast period of 2020 to 2027.

Competitive Insights

The laboratory furniture market has a competitive landscape and is fragmented where the players in the market are encouraged to boost their market share by deploying tools like branding, innovation, mergers, launching of new products, acquisition, funding for research, and government initiatives. The market uses strategic moves and they make sure that the company profits from the move.

The market is also marked by the presence of a large number of regional and global vendors. The vendors compete with each other based on price and product differentiation with unique value propositions offered by them.

The major players in the laboratory furniture market among others are Mott Manufacturing Ltd., Labtec LLC, PSA Laboratory, and Thermo Fisher Scientific Inc.

With the increase in competition, the players are investing in R&D and continuously innovating their products to keep up with the change in consumer demands and to maintain goodwill for instance the increase in the use of environment-friendly materials in the production of laboratory furniture and the development of the products according to the international standards of aesthetics.

Currently, Europe dominates the market of laboratory furniture due to the presence of good medical infrastructure and the rising demand for new medical Labourites to enhance the growth of the medical research activities in Europe.

Europe’s laboratory is followed by the Asia Pacific region.

The Asia Pacific is estimated to experience prominent growth in the laboratory furniture market shortly owing to the rising population. This increasing population is expected to lead to an increase in the consciousness of health or in the rise in health conditions in the Asia Pacific region. This will cause the demand for the medical Labourites to proliferate. With an increase in medical Labourites, the growth of the laboratory furniture market will also increase.

In India, the demand is inclined toward frugal engineering and low-cost solutions, the players in India of the laboratory furniture market have started gearing up to comply with the global standards.

Growing Use of the Furniture

The laboratory furniture is mainly used in education like school and college labs, Government labs, Industry, research, and pharmaceutical research. With government incentives and corporate social responsibility (CSR) for education and research, the demand for laboratory furniture is expected to increase.

In the laboratory furniture market, several trends including globalization, overcapacity in the developed markets, technological advancement, and environmental concerns have increased the use of eco-friendly materials, and the adoption of green technology in the production of laboratory furniture is leading to product and material innovations in the furniture market.

Now the end-users like school and college labs are concentrating more on the furniture designs that match the core values of the systems and also which are more appropriate and comfortable for the children. The key players shave also adopted the use of 3D visualization services by the manufacturers to decrease the furniture design & layout errors and increase the production of modular lab furniture as per demand is expected to increase the market growth of laboratory furniture.

Segmentation:

• By Type
  • Laboratory Storage Cabinet
  • Laboratory Bench
  • Fume Hood
  • Laboratory Stools & Chairs
  • Laboratory IPS
  • Laboratory Tables
  • Accessories
• By End-Users
  • School & College
  • Government Labs
  • Pharmaceutical Labs
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • Spain
    • United Kingdom
    • France
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Others
  • Asia Pacific
    • China
    • Japan
    • Australia
    • India
    • Others

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

4.3.1.Bargaining Power of Suppliers

4.3.2.Bargaining Power of Buyers

4.3.3.The threat of New Entrants

4.3.4.Threat of Substitutes

4.3.5.Competitive Rivalry in the Industry

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 

7.2.1.North America Laboratory Furniture Market Analysis, By Type, 2020 to 2025

7.2.2.North America Laboratory Furniture Market Analysis, By End-Users, 2020 to 2025

7.2.3.By Country

7.2.3.1. United States

7.2.3.2. Canada

7.2.3.3. Mexico

7.3.South America 

7.3.1.South America Laboratory Furniture Market Analysis, By Type, 2020 to 2025

7.3.2.South America Laboratory Furniture Market Analysis, By End-Users, 2020 to 2025

7.3.3.By Country

7.3.3.1. Brazil

7.3.3.2. Argentina

7.3.3.3. Others

7.4.Europe 

7.4.1.Europe Laboratory Furniture Market Analysis, By Type, 2020 to 2025

7.4.2.Europe Laboratory Furniture Market Analysis, By End-Users, 2020 to 2025

7.4.3.By Country

7.4.3.1. Germany

7.4.3.2. Spain

7.4.3.3. United Kingdom

7.4.3.4. France

7.4.3.5. Others

7.5.The Middle East and Africa 

7.5.1.Middle East and Africa Laboratory Furniture Market Analysis, By Type, 2020 to 2025

7.5.2.Middle East and Africa Laboratory Furniture Market Analysis, By End-Users, 2020 to 2025

7.5.3.By Country

7.5.3.1. Saudi Arabia

7.5.3.2. South Africa

7.5.3.3. Others

7.6.Asia Pacific 

7.6.1.Asia Pacific Laboratory Furniture Market Analysis, By Type, 2020 to 2025

7.6.2.Asia Pacific Laboratory Furniture Market Analysis, By End-Users, 2020 to 2025

7.6.3.By Country

7.6.3.1. China

7.6.3.2. Japan

7.6.3.3. Australia

7.6.3.4. India

7.6.3.5. Others

 

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

9.1. Köttermann GmbH

9.2.Waldner

9.3.Teclab

9.4.Zeba Labs

9.5.A.T. Villa, Inc.

9.6.Labconco

9.7.Yamato Scientific co., ltd

9.8.Kewaunee Scientific Corporation

9.9.PSA Laboratory Furniture LLC

9.10.MOTT Manufacturing Ltd.

Köttermann GmbH

Waldner

Teclab

Zeba Labs

A.T. Villa, Inc.

Labconco

Yamato Scientific co., ltd

Kewaunee Scientific Corporation

PSA Laboratory Furniture LLC

MOTT Manufacturing Ltd.