The expert team of analysts have come up with a fresh report titled, “Global Laboratory Furniture Market Insights, Forecast to 2025.” This report is an excellent document that offers a detailed information about the global laboratory market for the projected period of 2018- 2025. According to this report the global market for laboratory furniture attained the value of US$ 2,154.5 Mn in the year 2018. However, with a robust CAGR of 7.3% during the forecasted period, the market is expected to take a great leap and touch the value of US$ 3,534.7 Mn by 2025 end.
Rising Awareness about the Ill-Effects of Badly Designed Furniture to Boost the Growth of Global Market for Laboratory Furniture
The demand for adjustable furniture which provides comfort in working environment has been rising since last few years. Moreover, population across the globe has become aware about the ill effects caused by the poorly designed furniture especially on neck and back is likely to create positive impact on the global laboratory furniture market. Rising per capita income is another important factor which is expected to boost the growth of the market in the years to come.
However, the high cost of investment is the key factor which is hampering the growth of the global market during the projected period.
Global Laboratory Furniture Market: Segmental Analysis
On the basis of application, the laboratory furniture segment is segmented into Pharmaceutical, Education, Research, Government, and Industry. Based on product type, the market is segmented into Accessories, Lab Bench, Stool, Lab Cabinet, and Fume Hood. Lab Bench segment is further segmented into lab trays, lab bench protection pads, and lab bench liners. All the segments that fall under the category of application are chemical resistant, long-lasting, skid-resistant, and waterproof. The segments are also used to avoid contamination in laboratory furniture, protect hard surfaces to reduce the impact, and recover the leakage of expensive materials.
Global Laboratory Furniture Market: Forecast by Regions
North America is likely to grab the major market share in the years to come. Asia Pacific is expected to grow at a significant rate due to increasing investment in the medical research sector. MEA and South America are also likely to focus on the consumption of laboratory furniture in the near future.
Global Laboratory Furniture Market: Leading Players
Some of the key companies functioning in the global laboratory furniture market are HEMCO, Waldner, ZP Lab, Kewaunee Scientific Corp, LabGuard, Mott Manufacturing, Teclab, Thermo Fisher, LOC Scientific, Labconco, PSA Laboratory Furniture, Kottermann, HLF, Diversified Woodcrafts, Symbiote Inc, Esco, Rongtuo, NuAire, A.T. Villa, Asecos Gmbh, Labtec, Shimadzu Rika, Terra Universal, Telstar Life-Sciences, Yamato Scientific Co., EuroClone SpA, and The Baker Company.
Kewaunee Scientific Releases its Earnings Results by Missing the Expectation of $0.57 Earnings per Share
Kewaunee Scientific has released its quarterly earnings on February 26, 2019. The company reports its EPS for the quarter is ($0.01), by missing the Zacks consensus estimation of $0.56 by $0.57. The firm had a net profit of 3.17% and ROE of 13.06%. The shares of the company traded down on February 27, 2019, by reaching $25.14. As many as 2,328 number of shares of the firm were exchanged by comparing to its average volume of 8,270. The company’s current ratio is $86.21, a debt-to-equity ratio is 0.02, and a quick ratio is 1.80. The firm has a year low of $22.00 and a year high of $38.80. The beta is -0.48, market capitalization is $86.21 Mn, and a P/E ratio is 14.02.
Full Overview of the Report @ https://www.qyresearch.com/index/detail/671587/global-laboratory-furniture-market