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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.
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.
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.
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 –
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.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by end user
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
PART 17: Explore Technavio
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