Global Laboratory Cart Market 2016-2020

Overview of the global laboratory cart market

Technavio’s market research analyst predicts the global laboratory cart market to grow at a steady CAGR of approximately 4% during the forecast period. The recent advancements in the production methods of laboratory furniture have led to higher efficiency and volumes. The laboratory furniture manufacturers are experimenting with process innovations that will not only improve the quality of the product but will also reduce fabrication costs. New processes like microinjection molding and dual-shot injection molding allow the proper mixing of two or more polymers and also improves the accuracy of the mold. Furthermore, the use of high-grade stainless steel for the chassis of laboratory carts make them more robust and durable. Therefore, the advanced and new-age production methods of lab furniture will drive the prospects for growth during the forecast period.

In this market report, analysts have estimated factors like the increasing level of customization of laboratory furniture to impel the prospects for market growth until the end of the forecast period. The choice of type and size of the cart is mainly based on the application and process. With a broad range of laboratory carts to choose from, end-users can choose from what best suits their application.  The availability of customized carts to suit a particular application will bolster this market’s growth potential until the end of 2020.

Segmentation by end-user and analysis of the laboratory cart market

• Medical and healthcare
• Pharmaceutical

In 2015, the medical and healthcare industry dominated the market and accounted for more than 24% of the overall revenue of the market. Growing demand for laboratory carts in the medical and healthcare industry due to the increase in the number of laboratories and other facilities will aid in the growth of this market.

Geographical segmentation of the laboratory cart market

• Americas
• APAC
• Europe
• MEA

In this industry research study, the analysts have estimated APAC to be the largest geographical segment in 2015 and will exhibit high growth over the forecast period. The migration of R&D facilities of some of the profound American and West European companies will spur the prospects for market growth until the end of the forecast period. The market for laboratory cart in this region will account for a market share of approximately 34% by 2020.

Competitive landscape and key vendors

The global laboratory cart market is highly fragmented by the presence of several well-diversified providers. The competitive environment will intensify with an increase in product extensions, new product launches, and new applications of integrated product offerings. The increasing number of laboratories worldwide will result in a rise in demand for laboratory carts over the forecast period.

Key vendors in this market are –

• Cole-Parmer
• Labconco
• Luxor
• Sovella
• TrippNT

Other prominent vendors analyzed in this market research report are A.T. Villa, AirClean Systems, Alkali Scientific, Azbil Telstar, Aztec Microflow, Bassaire, CeilBlue, Durcon, Esco, Eagle Group, Erlab, Geerpres, Hamilton Scientific, Intermetro Industries, Kewaunee Scientific, LOC Scientific, Thermo Fisher Scientific.

 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 laboratory cart market?
• What are the key market trends impacting the growth of the global laboratory cart market?
• What are the challenges to market growth?
• Who are the key vendors in global laboratory cart market?
• What are the market opportunities and threats faced by the vendors in the global laboratory cart market?
• Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.
• What are the key outcomes of the five forces analysis of global laboratory cart market?

Technavio also offers customization on reports based on specific client requirement.

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