Global Laboratory Furniture Market Set to Grow USD 11,730 Million by 2026

Findings from Facts and Factors report "Laboratory Furniture Market By Type (Lab Cabinet, Lab Bench, Fume Hood, Lab Stool, and Others) and By Application (Government, Education, Industry, and Research & Development): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020-2026" states that the global Laboratory Furniture market in 2019 was approximately USD 6,420 Million. The market is expected to grow at a CAGR of 9% and is anticipated to reach around USD 11,730 Million by 2026.

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Laboratory furniture is easy to use, easy to clean and easy to maintain. Innovation in terms of laboratory furniture is augmenting the demand in the market. The various types of laboratory furniture are lab cabinet, lab bench, fume hood, lab stool, and many more. In addition, applications of laboratory furniture include its usage in fields of education, industry, government, and research & development.

The mounting demand for ergonomically designed and adjustable furniture is anticipated to drive the laboratory furniture market in the near future. The growing awareness regarding the ill effects of improperly designed furniture on the back and neck is likely to fuel the growth of the market. Moreover, increasing population and number of schools are projected to further add to the market growth. In addition, the spread of new teaching models like blended learning and flip classrooms is estimated to boost the market growth during the forecast period. However, the high initial investment required to purchase or replace existing furniture is anticipated to be a major restraint over the forecast period. Furthermore, furniture made of metal is usually much more expensive. This may harm the target market growth over the forecast period.

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In terms of type, the target market is categorized as a lab cabinet, lab bench, fume hood, lab stool, and others. Among these, the lab bench is anticipated to be the leading category of type segment. Lab Bench features a high level of stability, straightforward design, and attractive appearance.

In terms of application, the target market is categorized as government, education, industry, and research & development. Among these, the education category is expected to dominate the application segment. Science laboratory furniture is being built for schools. This includes chemistry, physics and biology labs.

In terms of region, the target market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to be the dominating region over the forecast period. In the US, the K-12 student population will continue to be close to 20% of the country's population during the forecast period, indicating stable growth in enrolments.

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Some of the key players operating in the target market are Kewaunee Scientific Corp, Waldner, Kottermann, Mott Manufacturing, Tec Lab, Symbiote Inc., HLF, PSA Laboratory Furniture, LabGuard, LOC Scientific, HEMCO, and Others.

This report segments the Laboratory Furniture market as follows:

Global Laboratory Furniture Market: By Type Segmentation Analysis

Lab Cabinet
Lab Bench
Fume Hood
Lab Stool
Others

Global Laboratory Furniture Market: By Application Segmentation Analysis

Government
Education
Industry
Research & Development

Global Laboratory FurnitureMarket: Regional Segmentation Analysis

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

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