Published on : Sep 18, 2019
Albany, New York, September 18, 2019: Market Research Hub (MRH) has recently uploaded a fresh study to its online portal which carefully examines the ongoing as well as future trends set to impact the global market for laboratory furniture. This assessment is titled “Laboratory Furniture Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 -2027”, which extensively highlights the dynamics of the laboratory furniture industry. According to research findings, innovations in modular lab furniture are gaining high-end popularity, particularly for disaster mitigation, in the laboratory furniture market which documented sales of ~3.1 billion units in 2018.
Furthermore, with increasing awareness related to environmental impact of manufacturing activities as well as the need to reduce carbon footprint, stakeholders from the laboratory furniture market would enhance focus towards the adoption of sustainable raw materials. The concept of greener labs is one of the prime motivators, which is likely to inject superior development traits across the global laboratory furniture market. This research study drops a special emphasis on the drivers, opportunities, threats/trends and restraints active in the laboratory furniture market. In addition, the availability of an extensive SWOT analysis covering leading industry players, helps to impart vital information to investors, new entrants and stakeholders.
Deployment of Online Customization to Bolster Laboratory Furniture Market
According to research findings, various manufacturers across the laboratory furniture sector are now offering online tools which permit clients to design their labs and eventually customize their laboratory furniture as per their requirements. Interestingly, there are a surplus of material choices as well as design layouts which can now be viewed from a 3D angle instantaneously. It is believed that this trend can ominously impact the bottom line of major players and lessen the cost of overheads suffered in tiresome design procedures.
Preference for Eco-Friendly Raw Materials
It has been observed that growing environmental awareness has effectively enhanced the adoption of eco-friendly materials specifically across the laboratory furniture sector. There is a higher use of sustainable materials like stainless steel, which not only increases the lifespan of the furniture but are capable of being recycled. This particular trend is expected to continue during the forecast period and will influence the overall growth of the laboratory furniture market.
As the report concludes, readers can gather data associated to the competitive scenario prevailing across the laboratory furniture market. Some of the major players mentioned in the report are FRIATEC GmbH, GE Healthcare Services, Kewaunee Scientific, Mott Manufacturing Ltd., LOC Scientific etc., which are examined on the basis of product portfolio, financial information, business strategies and geographical presence.
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