Press release
Workbench/Workstation Market Huge Growth Opportunity between 2021-2027
The US workbench/workstation market was valued at US$ 5,946.08 million in 2020 and is projected to reach US$ 10,509.34 million by 2028; it is expected to grow at a CAGR of 8.8% from 2021 to 2028.Workbench/workstation is a sturdy table system used to work and improve work efficiency. These types of workbenches are available in a wide range, from simple flat surfaces to a complex design with multipurpose functionality. Workstations and workbenches are significantly used across diverse application bases, such as general-purpose woodworking, electronic industrial set-up, laboratory purposes, industrial, art and sculpture, and jewelry and watchmaking. Product innovations and technological advancements in the workbenches/workstations industry are providing lucrative growth opportunity for the US workbench/workstation market.
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Top Key Players:- RDM Industrial Products, Inc.; BenchPro; OnePointe Solutions; Steel Sentry, Inc.; Formaspace; Treston Limited; Workstation Industries; BostonTec; Herman Miller, Inc.; and IAC Industries, Inc.
In pre-pandemic time, work from home (WFH) was not considered as a permanent option and the organizations were focused toward building culture, connectivity, and community at workplaces. However, the COVID-19 pandemic has transformed the industry requirements and accelerated the paradigm shift toward home office. As per a survey conducted by CBRE’s Global Occupier Sentiment in June 2020, a movement toward flexible work culture is expected in the near future. In the survey, almost 70% of respondents represented that some portion of their workforce should be allowed to work remotely on full-time basis; however, 61% of respondents reported that all employees should be asked to work from outside the office or home at least some time in a month.
The report includes the segmentation of the US workbench/workstation market as follows:
US Workbench/Workstation Market, by Type
• Linear Workstations
• Cluster Workstations
• Single Seater Workstations
• Screen Systems
US Workbench/Workstation Market, by Material
• Metal
• Wood
US Workbench/Workstation Market, by End User
• Residential
• Institutional
• Industrial
Impact of COVID-19 Pandemic on US Workbench/Workstation Market
The US workbenches and workstations market is affected by the sudden deterrent conditions prevailing due to lockdown across the US and shutdown of manufacturing and trading capabilities. However, as the economies started to revive their operations, an increase in the demand for such workstation and workbenches is observed in the country owing to shift in work structure. The COVID-19 pandemic transformed the industry requirements and have accelerated the focus toward home office set-up. As the industries are adopting a flexible work structure, workers need specific workstation set-up at home to meet their ergonomic requirements and comfortability.
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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Electronics and Semiconductor s, Pharmaceuticals, Chemicals and Materials, Automotive and Transportation, Aerospace and Defense, Electronics and Semiconductors, Technology, Media, and telecommunication, Manufacturing and Construction.
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