Global Laboratory Furniture in Education Market 2017-2021
About Laboratory Furniture
segment and improving office furniture scenario. The office and residential furniture have begun to experience rebound in construction and improvement activities, which will facilitate rising sales of furniture. In addition, the need for eco-friendly furniture and increasing measures to adopt green technology are leading to product and material innovations in the furniture market. The office furniture market experienced the highest growth rate because of increase in a number of offices for small-scale business such as start-ups, and well-established offices. Office furniture provides more facility, which makes them preferable. For instance, a desk that has an inbuilt cabinet, which allows employees to keep their belongings, are designed for boardroom or conference room to make it more presentable. In the residential furniture market, the need for visually appealing, comfortable, and minimalistic furniture is creating demand for new products.
Technavio’s analysts forecast the global laboratory furniture in education market to grow at a CAGR of 18.07% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global laboratory furniture in education market for 2017-2021. To calculate the market size, the report considers key vendors are selected based on parameters such as product offerings to the education segment, types of laboratory furniture manufactured and sold to the education market, and geographic coverage.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Laboratory Furniture in Education Market 2017-2021
Technavio recognizes the following companies as the key players in the global laboratory furniture in education market: Hanson Lab Furniture, Labochema, LabGuard, BMC Office Furniture, and SIMFA Scientific Supplies.
Other Prominent Vendors in the market are: Labofab, WALDNER Laboreinrichtungen GmbH, LOC Scientific, Iroquois Hoods, Artlab, and Kewaunee.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is multiple distribution channels. Selling a lab furniture online allows retailers to display and sell their product in any part of the world without additional expense. These advantages allow online retailers of lab furniture to expand their market in local as well as global regions. Apart from enhancing their online retail platforms, vendors are emphasizing on developing more distribution channels to cater all types of customers.”
According to the report, one driver in market is rising demand for ergonomically designed furniture/adjustable furniture. It has been viewed that instructors/educators are paying close attention to the needs of students and teachers in terms of seating arrangements. This is because they are concerned about the ill effects of unsuitable and uncomfortable desks and chairs in laboratories or classrooms as they affect the physical health of users in the long run. Further in lab settings, the type of material used also play a vital role as chemistry labs are prone to bacterial and chemical reactions, which can be harmful to students. Further in K-12 laboratories, apart from ergonomics, the safety of students also play a significant role in laboratories. Hence, ergonomically designed furniture developed from eco-friendly materials will experience a surge in demand. Further, adjustable furniture that is safe and allows optimum space consumption will attract more attention from educational institutions. Vendors are designing seating arrangements, which allow easy mobility within laboratories for better interaction between students and faculty and reduce mishaps in laboratories caused by rigid seating arrangements.
Further, the report states that one challenges in market is threat from virtual solutions. Constrained funding for purchasing science laboratory materials is one of the major issues faced by the K-12 segment. With advanced technological innovation, virtual and remote laboratories are available for students and educators. The benefit of the virtual lab is that it provides an opportunity to students to perform the experiments online with the help of simulated equipment and procedures. Remote laboratories offer access to students from remote areas via webcam and remote control to real, physical lab equipment and experiment. The flexibility in virtual lab offers most of the student's ability to perform multiple experiments from any place. With this, students are not pressurized, and if they fail to obtain expected result on the first go, they can modify the aspects of their experimentation and gauge the results. Also, the remote lab offers the same flexibility but is more controlled, which means that only one student/group is allowed access at one time. Though the K-12 educators are likely to adopt these labs widely in the coming years, lack of funds may act as a major hindrance. This is because there are less number of investors to invest in these labs.
Hanson Lab Furniture, Labochema, LabGuard, BMC Office Furniture, SIMFA Scientific Supplies, Labofab, WALDNER Laboreinrichtungen GmbH, LOC Scientific, Iroquois Hoods, Artlab, and Kewaunee.