When revenue for research facilities fell during the recession, laboratories could not justify investing in new laboratory furniture, leading to unstable demand for industry products and a decrease in revenue over the past five years. To promote demand, manufacturers developed more ergonomic and adjustable products. In the next five years, the industry is expected to return to growth as the economy stabilizes, exports increase and local demand rises. However, greater import penetration will continue threatening domestic manufacturers.
Operators in this industry manufacture laboratory furniture (casework), including cabinets, cases, benches, tables and fixtures. This industry excludes dental laboratory furniture as well as laboratory seating.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.