Laboratory Furniture Market is predicted to reach USD 2.84 billion at a CAGR of 4.47% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Laboratory Furniture Market”.


The laboratory furniture market is estimated to register a CAGR of 4.47% during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the Global Laboratory Furniture Market— Kewaunee International Group  (US), Mott manufacturing ltd. (Canada), Lab Crafters (US), Air Master Systems Corp (US), Hamilton Lab Solutions (US), LM Air Technology, Inc. (US), Genie Scientific (US), BMC, Inc. (US), CiF Lab Solutions LP (Canada), and WALDNER Holding SE & Co. KG (Germany).


Market Highlights


The global laboratory furniture market is expected to register a CAGR of 4.47% during the forecast period and is estimated to reach USD 2.84 billion by 2032.


The Global laboratory furniture market is predicted to expand due to rising investment in research and development and rise in number of safety regulations, and government funding for school and colleges, However, high initial investment is limiting market expansion. rising demand in emerging markets on the other hand, boosts the market's attractiveness.


Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Laboratory Furniture Market Research Report


Segment Analysis


The global laboratory furniture market has been segmented based on Product, Material, End User, and Distribution Channel.


On the basis of product, the market is segmented into laboratory tables, laboratory stools & benches, laboratory desk & storage cabinets, pedestal laboratory furniture, laboratory IPS units, biological safety cabinets, fume hoods, and others. The laboratory tables segment held the majority share in the market in 2022. Laboratory tables are essential components of laboratory furniture that serve as work surfaces for a variety of laboratory tasks. The availability of customizable options in laboratory tables enables researchers to tailor their workstation to specific needs, such as size, shape, material, and configuration. This flexibility boosts productivity and efficiency in laboratory operations.


On the basis of the material, the market is segmented into plastic, metal, stainless steel, wood, & others. The metal segment held the largest market share in 2022, and stainless steel is the fastest-growing segment during the forecast period. Stainless steel, the most popular laboratory furniture material, is ideal for creating a clean and long-lasting laboratory workstation. Stainless steel is easy to sanitize because it has no pores, making contamination easier to eliminate.


On the basis of end user, the market is segmented into school & colleges laboratory and medical laboratory. The medical laboratory segment held the largest market share in 2022, and school & colleges laboratory segment is the fastest-growing segment during the forecast period i.e., 2022-2032. The increased investment in research and development activities especially in countries like China and India and growing investment in laboratory infrastructure, creating opportunities for furniture manufacturers are the drivers helping the medical laboratory segment to grow.


On the basis of distribution channel, the market is segmented into offline channels and online channels. The offline channel segment held the largest market share in 2022, and online channel segment is the fastest-growing segment during the forecast period. Manufacturers are going digital and adopting aggressive marketing techniques to boost sales which is helping the online channel segment to propel. Furthermore, increasing adoption of digital technologies and growing e-commerce in the healthcare sector is further propelling the segment growth.


Regional Analysis


The global laboratory furniture market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe laboratory furniture market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The laboratory furniture market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World laboratory furniture market comprises of Middle East, Africa, and Latin America.


The presence of major market players in the North America region involved in product innovation, expansions, strategic collaborations, and well-developed healthcare infrastructure are contributing to the market growth. North America is attributed to the presence of major manufacturers. North America accounted for the largest market share of 41.00% in 2022 and is anticipated to reach approximately USD 1,194.62 million by 2032 at a 4.73% CAGR during the forecast period.


Europe accounts for the second-largest market share due to the boost in the biopharmaceutical sector in the European region, rising government initiatives to promote research, an increasing number of pharmaceutical manufacturers, improving economies, and increased healthcare spending are driving the demand for laboratory furniture in Europe. Further, growing R&D activities and the developing biopharmaceutical sector are expected to drive the European market.


Asia-Pacific is anticipated to register the highest growth rate over the forecast period. This is due to the presence of many research organizations, low manufacturing cost, low labor cost, developing healthcare infrastructure, and collaborations of major players with regional players are likely to drive the demand for laboratory furniture in the Asia-Pacific region.


Moreover, the Rest of the World is segmented into the Middle East, Africa, and Latin America. The laboratory furniture market in the above-mentioned regions is likely to witness growth due to the increasing number of research companies involved in R&D, and increasing initiatives taken by Middle East countries to develop their healthcare infrastructure. Moreover, government funding for school and colleges are likely to favor market growth.


Key Findings of the Study



  • The global laboratory furniture market is expected to reach USD 2.84 billion by 2032, at a CAGR of 4.47% during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market.

  • Based on product, the laboratory tables segment was attributed to holding the largest market in 2022.

  • Kewaunee International Group (US), Mott manufacturing ltd. (Canada), Air Master Systems Corp (US), Genie Scientific (US), and WALDNER Holding SE & Co. KG (Germany) are the key market players.

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Pages 104
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