Global Laboratory Furniture in Education Market 2017-2021

Laboratory furniture in the education market share

As per the Technavio’s market research report, the global laboratory furniture in the education market is expected to grow at a steady rate and will post a CAGR of more than 18% during the forecast period. The rising demand for ergonomically designed furniture or adjustable furniture will drive the growth prospects for the global laboratory furniture in education market until the end of 2021.

Instructors or educators are increasingly focusing on avoiding the ill effects of unsuitable and uncomfortable desks and chairs by replacing or purchasing lab furniture that provides comfort and physical wellness to students and users in the long run. Also, since the type of furniture material plays a vital role in lab settings such as chemistry labs that are prone to bacterial and chemical reactions, the educational organizations are increasingly looking for ergonomically designed furniture developed from eco-friendly materials, which, in turn, will boost the demand for laboratory furniture.

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In 2016, North America accounted for the majority market share in terms of geography and will continue to dominate the market for the next four years. The market is witnessing growth in the region due to the increasing demand for furniture such as movable or foldable desks and tables to emphasize on participation, creative thinking skills, communication, and creativity in the educational laboratories and classrooms.

Laboratory furniture in the education industry: Competitive landscape and key vendors

The global laboratory furniture market is highly competitive, fragmented, and diversified due to the presence of a large number of regional and international vendors on a global level. Also, since international players are increasing their footprint in the market, regional vendors are making efforts to penetrate the market based on factors such as innovation, quality, technology, and pricing. The competitive environment in the market will become stronger because of the increasing rate of product line extensions and technological innovations. Vendors are also focusing on distinguishing their product offerings through a clear and unique value proposition to sustain in the market.

Key vendors in this market are 

• Hanson Lab Furniture
• Labochema
• LabGuard
• BMC Office Furniture
• SIMFA Scientific Supplies

Other prominent vendors in the market include Labofab, WALDNER Laboreinrichtungen GmbH, LOC Scientific, Iroquois Hoods, Artlab, and Kewaunee.

Laboratory furniture in the education market: Segmentation and analysis by product

• Workstation
• Seating
• Fume Hood

The global laboratory furniture in the education market by the workstation segment accounted for the majority market share during 2016 and will continue to dominate the market during the forecast period. The development of innovative designs for science laboratory furniture to offer comfort and durability will strengthen the demand for workstations during the next four years. These sustainable designs offer various advantages including reconfiguration and adjustment of components, increased durability of the furniture, easy maintenance, long replacement cycles, and improved ROI.

Laboratory furniture in the education market: Segmentation and analysis by end users

• Higher education
• K-12

The global laboratory furniture in the education market by the higher education segment accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. Due to the need to provide comfort and feasibility to the students, simplifying the work, facilitating higher student participation, and enabling more experiments, the demand for seating, desks, and storage is increasing in the higher education colleges and universities, which will be the major factor fueling market growth in this segment.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global laboratory furniture in the education market?
• What are the key market trends impacting the growth of the global laboratory furniture in the education market?
• What are the challenges to market growth?
• Who are the key vendors in the global laboratory furniture in the education market?
• What are the market opportunities and threats faced by the vendors in the global laboratory furniture in the education market?
• What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
• What are the key outcomes of the five forces analysis of the global laboratory furniture in the education market?

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