Lab Casework Market: Introduction
- Laboratory casework refers to all the cabinets in a laboratory; casework is crucial for any laboratory. For a functional and useful laboratory, proper cabinets should be installed to store all the equipment and to conduct work efficiently. Laboratory casework is totally different from regular cabinets as it requires the correct and quality equipment.
Key Drivers of the Global Lab Casework Market
- Rising research & development activities, increasing demand for advanced & improved laboratory casework, and rising awareness regarding availability of specialty laboratory casework propels large scale investment in laboratory casework purchases, and replacements & laboratory expansions, which also mandates casework purchase. This is expected to drive the laboratory casework market around the world.
- Increasing number of diseases and associated research & development activities require various laboratories that are well equipped with advanced and improved laboratory casework that can support research & development for a longer duration. Additionally, increasing demand for innovative and customized caseworks is contributing to the growth of the global laboratory casework market.
Factor Restraining the Global Lab Casework Market
- High initial cost is one of the factors which may restrict the growth of the laboratory casework market.
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Market in Asia Pacific to Expand Rapidly
- In terms of geography, the global lab casework market can be divided into five regions – North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
- North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the lab casework market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the lab casework market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America lab casework market is segmented into Brazil, and Rest of South America.
- North America accounted for largest share of the global lab casework market due to the presence of large number of research laboratories in the region and rising research and development activities by several companies in biotechnology and pharmaceutical industries, propelling the growth of the lab casework market in North America.
- The lab casework market in Asia Pacific is projected to expand rapidly during the forecast period due to the rising number of contract research organization (CROs), increasing number of life science research & development activities, large import of laboratory equipment, and the increasing presence of prominent market players in emerging economies such as China and India, which are some of the major factors that boosts the growth of the laboratory casework market in the Asia Pacific region.
Key Players Operating in the Global Market
Companies in the lab casework market are focusing on laboratory casework with required configuration and customization support that leads to increase in demand, enhancing their competitive advantage and increasing their market share globally. Companies are incorporating several advanced casework designs such as cabinets made from metal including steel for laboratory, medical, and institutional applications that increases the demand for laboratory casework.
A few of the key players operating in the global lab casework market are:
- WALDNER Laboreinrichtungen GmbH & Co. KG
- Kewaunee Scientific Corporation
- Thermo Fisher Scientific
- Mott Manufacturing Ltd. & Mott Manufacturing LLC.
- Esco Micro Pte Ltd.
- Köttermann GmbH
- Terra Universal. Inc.
- Labtec LLC
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Global Lab Casework Market: Research Scope
Global Lab Casework Market, by Product Type
- Others (Fume Hoods, etc.)
Global Lab Casework Market, by Material
- Others (Polypropylene, Phenolic, etc.)
Global Lab Casework Market, by Application/End-user
- Others (Industry, etc.)
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.