Laboratory Shaker Market by Product, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR44656
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The laboratory shaker market has the potential to grow by USD 506.64 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.69%.

This laboratory shaker market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (orbital shakers, incubator shakers, and other shakers), application (microbiology, molecular biology, and others), and geography (North America, Europe, Asia, and ROW). The laboratory shaker market report also offers information on several market vendors, including Avantor Inc., Benchmark Scientific Inc., Bionics Scientific Technologies (P) Ltd., Boekel Scientific, Corning Inc., Eppendorf AG, Esco Micro Pte. Ltd, IKA-Werke GmbH & CO. KG, PerkinElmer Inc., and Thermo Fisher Scientific Inc. among others.

What will the Laboratory Shaker Market Size be in 2021?

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Laboratory Shaker Market: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increased adoption of temperature-controlled laboratory mixing equipment is notably driving the laboratory shaker market growth, although factors such as high cost of laboratory shakers may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the laboratory shaker industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This laboratory shaker market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Laboratory Shaker Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Avantor Inc.
  • Benchmark Scientific Inc.
  • Bionics Scientific Technologies (P) Ltd.
  • Boekel Scientific
  • Corning Inc.
  • Eppendorf AG
  • Esco Micro Pte. Ltd
  • IKA-Werke GmbH & CO. KG
  • PerkinElmer Inc.
  • Thermo Fisher Scientific Inc.

 

The vendor landscape of the laboratory shaker market entails successful business strategies deployed by the vendors. The laboratory shaker market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the laboratory shaker market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Laboratory Shaker Market?

Laboratory-Shaker-Market-Market-Share-by-Region-2020-2025

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34% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for laboratory shakers in North America. 

The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The rapid growth of laboratory automation systems will facilitate the laboratory shaker market growth in North America over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Product Segments in the Laboratory Shaker Market?

Laboratory-Shaker-Market-Market-Share-by-Product-2020-2025

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The laboratory shaker market share growth by the orbital shakers segment has been significant. The smooth and continuous motion of orbital shakers for uniform mixing makes them popular for use in different applications like microbiology. Orbital shakers are increasingly used in laboratories, as they can handle multiple flasks and accommodate two tiers. They also provide the benefit of placing the shaker inside a standard or cell culture incubator, thereby effectively converting the incubator into a shaking incubator. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the laboratory shaker market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

 

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What are the Key Factors Covered in this Laboratory Shaker Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive laboratory shaker market growth during the next five years
  • Precise estimation of the laboratory shaker market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the laboratory shaker market across North America, Europe, Asia, and ROW 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of laboratory shaker market vendors

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Laboratory Shaker Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.69%

Market growth 2021-2025

$ 506.64 million

Market structure

Fragmented

YoY growth (%)

6.23

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 34%

Key consumer countries

US, UK, China, Canada, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Avantor Inc., Benchmark Scientific Inc., Bionics Scientific Technologies (P) Ltd., Boekel Scientific, Corning Inc., Eppendorf AG, Esco Micro Pte. Ltd, IKA-Werke GmbH & CO. KG, PerkinElmer Inc., and Thermo Fisher Scientific Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The laboratory shaker market growth will increase by $391.21 million during 2019-2024.
The laboratory shaker market is expected to grow at a CAGR of 5.62% during 2019-2024.
Technavio has segmented the laboratory shaker market by product (Orbital shakers, Incubator shakers, and Other shakers) ,application (Microbiology, Molecular biology, and Others) , and geographic (North America, Europe, Asia, and ROW).
Avantor Inc., Benchmark Scientific Inc., Bionics Scientific Technologies (P) Ltd., Boekel Scientific, Corning Inc., Eppendorf AG, Esco Micro Pte. Ltd, IKA-Werke GmbH & CO. KG, PerkinElmer Inc., Thermo Fisher Scientific Inc. are a few of the key vendors in the laboratory shaker market.
North America will register the highest growth rate of 32.87% among the other regions. Therefore, the laboratory shaker market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the laboratory shaker market growth are:
  • Increased use of laboratory shakers in various applications
The laboratory shaker market vendors should focus on grabbing business opportunities from the orbital shakers segment as it accounted for the largest market share in the base year.
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