Outlook of the global beginner microscope market
Technavio’s market research analyst predicts the global beginner microscope market to grow steadily at a CAGR of around 4% during the forecast period. Much of this growth can be attributed to the increasing global demand for educational and scientific equipment from various end-user segments. Factors such as the introduction of new learning aids and the growing emphasis on practical learning techniques are expected to foster the demand for beginner microscopes during the predicted period.
A major factor that will hinder the prospects for growth in this market is the low revenue generated from the replacement market, which is primarily due to the low frequency of repurchase. The gradual shift towards other forms of entertainment will also hamper market growth during the forecast period. However, factors like improvements in manufacturing and assembly methods will result in market growth as it helps to reduce the final cost of a beginner microscope.
Segmentation by product and analysis of the beginner microscope market
- Toy microscopes
- Beginner scientific microscopes
In this market study, analysts have estimated the toy microscopes segment to account for around 66% of the total market share during the forecast period. Since most consumers in the age category of 6-12 years are too young to use a beginner-level scientific microscope, the sale of toy microscopes is envisaged to witness a rapid increase until the end of 2020.
End-user segmentation of the beginner microscope market
- Home users
- Educational institutions
Technavio’s market research analysts have estimated the educational institutions segment to be the largest market segment during the forecast period. This segment currently accounts for approximately 60% of the total revenue generated and is envisaged to increase its overall market share to nearly 63% by the end of 2020. The growing preference for practical learning techniques will aid in the growth of this market segment during the estimated period.
Competitive landscape and key vendors
The global beginner microscope market is fragmented due to the presence of large vendors like Amscope and Celestron. Though these vendors control the market with their strong global presence and a broad range of products, the high cost of these products has led to the emergence of several domestic players. These domestic players have the capability to provide inexpensive products consumers, but their products lack reliability, durability, and energy efficiency.
The leading vendors in the market are -
- AmScope
- C&A Scientific
- Celestron
- Educational Insights
- Levenhuk
Other prominent vendors in the market include Ample Scientific, Aven, BestScope, Frey Scientific, Ken-A-Vision, LGS Microscopes, Parco Scientific, Phil Seltzer, and Radical.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global beginner microscope market?
- What are the key market trends impacting the growth of the beginner microscope market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global beginner microscope market?
- What are the trending factors influencing the market shares of the Americas, APAC, Europe, and MEA?
- What are the key outcomes of the five forces analysis of the beginner microscope market?
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