Market Overview:
The global laboratory rack market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for laboratory racks from medical and healthcare industry, pharmaceutical industry, academia, and other industries. Additionally, the growing awareness about safety and security in laboratories is also propelling the growth of this market. However, high cost of laboratory racks may restrain the growth of this market during the forecast period. On basis of type, tube racks accounted for majority share in 2017 and is expected to maintain its dominance during forecast period as well. This can be attributed to their ability to store large number tubes securely without any damage or contamination.
Product Definition:
A laboratory rack is a piece of furniture used to store and organize objects, typically in a laboratory setting. Laboratory racks are typically made out of metal or wood, and can be customized to fit the specific needs of the user. They can be used to store everything from test tubes and microscopes to vials and slides.
Tube Racks:
Rack systems are used to support and hold laboratory equipment in place. They are available in a variety of forms, such as open frame, wall-mounted, and closed frame. The rack market is driven by factors such as growing demand for high capacity storage systems with improved access capabilities. Additionally, the need for lab safety while using high capacity storage racks has also been driving the growth of this market over the past few years.
Bottle Racks:
Bottle racks are used to organize and hold bottles in a vertical position. They are available in different materials like plastic, metal, glass and wood. The bottle rack can be fixed on the wall or it can be placed on a table or counter top. It is also possible to buy them with wheels so that they can be moved around easily.
Application Insights:
The other industries segment held the largest market share of over 50% in 2017. Other applications include food and beverage, chemical, plastic and rubber, cosmetics industry. The demand for laboratory equipment is increasing with the growing number of tests being performed in laboratories across various industries.
The medical and healthcare industry is expected to grow at a CAGR of XX% from 2018 to 2030 owing to an increase in government initiatives such as ¢â‚¬Å“Make In India¢â‚¬ policy by the Government of India which encourages foreign companies to establish manufacturing units in India for providing employment opportunities to locals suffering from chronic unemployment rate like graduates and middle-class professionals who are seeking greener pastures outside their home country looking for better paying jobs abroad which will eventually drive product demand over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of major industry participants, technological advancements, and high research expenditure. Moreover, increasing government funding for R&D activities is also expected to drive regional growth over the forecast period. Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to increasing number of pharmaceutical companies investing in this region and growing healthcare spending by consumers due to rising awareness about various treatments available for diseases.
Growth Factors:
- Increasing demand for laboratory racks from the pharmaceutical and biotechnology industries to store and organize laboratory equipment and supplies.
- Growing popularity of modular lab furniture that can be customized to meet specific needs, which is driving demand for laboratory racks.
- Rapid expansion of the life sciences sector, which is fueling demand for laboratory racks in research institutes and universities.
- Rising number of laboratories in hospitals and clinics, resulting in increased demand for hospital lab furniture including laboratory racks.
Scope Of The Report
Report Attributes
Report Details
Report Title
Laboratory Rack Market Research Report
By Type
Tube Racks, Bottle Racks
By Application
Medical and Healthcare Industry, Pharmaceutical Industry, Academia, Other Industries
By Companies
Dynalon Labware, Global Scientific, Heathrow Scientific, Bel-Art Products-SP Scienceware, Thermo Fisher Scientific, 3M, Abraxis, Argos Technologies, Bio Plas, CeilBlue, Dynalon Labware, BioCision, Eppendorf, Glas-Col, Grant Instruments, Jaece, Simport, Troemner
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Laboratory Rack Market Report Segments:
The global Laboratory Rack market is segmented on the basis of:
Types
Tube Racks, Bottle Racks
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical and Healthcare Industry, Pharmaceutical Industry, Academia, Other Industries
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Dynalon Labware
- Global Scientific
- Heathrow Scientific
- Bel-Art Products-SP Scienceware
- Thermo Fisher Scientific
- 3M
- Abraxis
- Argos Technologies
- Bio Plas
- CeilBlue
- Dynalon Labware
- BioCision
- Eppendorf
- Glas-Col
- Grant Instruments
- Jaece
- Simport
- Troemner
Highlights of The Laboratory Rack Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tube Racks
- Bottle Racks
- By Application:
- Medical and Healthcare Industry
- Pharmaceutical Industry
- Academia
- Other Industries
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Laboratory Rack Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A laboratory rack is a metal or plastic frame that holds test tubes, flasks, and other scientific equipment.
Some of the major companies in the laboratory rack market are Dynalon Labware, Global Scientific, Heathrow Scientific, Bel-Art Products-SP Scienceware, Thermo Fisher Scientific, 3M, Abraxis, Argos Technologies, Bio Plas, CeilBlue, Dynalon Labware, BioCision, Eppendorf, Glas-Col, Grant Instruments, Jaece, Simport, Troemner.
The laboratory rack market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Laboratory Rack Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Laboratory Rack Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Laboratory Rack Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Laboratory Rack Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Laboratory Rack Market Size & Forecast, 2018-2028
4.5.1 Laboratory Rack Market Size and Y-o-Y Growth
4.5.2 Laboratory Rack Market Absolute $ Opportunity
Chapter 5 Global Laboratory Rack Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Laboratory Rack Market Size Forecast by Type
5.2.1 Tube Racks
5.2.2 Bottle Racks
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Laboratory Rack Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Laboratory Rack Market Size Forecast by Applications
6.2.1 Medical and Healthcare Industry
6.2.2 Pharmaceutical Industry
6.2.3 Academia
6.2.4 Other Industries
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Laboratory Rack Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Laboratory Rack Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Laboratory Rack Analysis and Forecast
9.1 Introduction
9.2 North America Laboratory Rack Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Laboratory Rack Market Size Forecast by Type
9.6.1 Tube Racks
9.6.2 Bottle Racks
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Laboratory Rack Market Size Forecast by Applications
9.10.1 Medical and Healthcare Industry
9.10.2 Pharmaceutical Industry
9.10.3 Academia
9.10.4 Other Industries
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Laboratory Rack Analysis and Forecast
10.1 Introduction
10.2 Europe Laboratory Rack Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Laboratory Rack Market Size Forecast by Type
10.6.1 Tube Racks
10.6.2 Bottle Racks
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Laboratory Rack Market Size Forecast by Applications
10.10.1 Medical and Healthcare Industry
10.10.2 Pharmaceutical Industry
10.10.3 Academia
10.10.4 Other Industries
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Laboratory Rack Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Laboratory Rack Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Laboratory Rack Market Size Forecast by Type
11.6.1 Tube Racks
11.6.2 Bottle Racks
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Laboratory Rack Market Size Forecast by Applications
11.10.1 Medical and Healthcare Industry
11.10.2 Pharmaceutical Industry
11.10.3 Academia
11.10.4 Other Industries
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Laboratory Rack Analysis and Forecast
12.1 Introduction
12.2 Latin America Laboratory Rack Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Laboratory Rack Market Size Forecast by Type
12.6.1 Tube Racks
12.6.2 Bottle Racks
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Laboratory Rack Market Size Forecast by Applications
12.10.1 Medical and Healthcare Industry
12.10.2 Pharmaceutical Industry
12.10.3 Academia
12.10.4 Other Industries
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Laboratory Rack Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Laboratory Rack Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Laboratory Rack Market Size Forecast by Type
13.6.1 Tube Racks
13.6.2 Bottle Racks
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Laboratory Rack Market Size Forecast by Applications
13.10.1 Medical and Healthcare Industry
13.10.2 Pharmaceutical Industry
13.10.3 Academia
13.10.4 Other Industries
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Laboratory Rack Market: Competitive Dashboard
14.2 Global Laboratory Rack Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dynalon Labware
14.3.2 Global Scientific
14.3.3 Heathrow Scientific
14.3.4 Bel-Art Products-SP Scienceware
14.3.5 Thermo Fisher Scientific
14.3.6 3M
14.3.7 Abraxis
14.3.8 Argos Technologies
14.3.9 Bio Plas
14.3.10 CeilBlue
14.3.11 Dynalon Labware
14.3.12 BioCision
14.3.13 Eppendorf
14.3.14 Glas-Col
14.3.15 Grant Instruments
14.3.16 Jaece
14.3.17 Simport
14.3.18 Troemner
