The market research report includes a detailed segmentation of the global laboratory shaker market by product (storage laboratory carts, regular laboratory carts and others), and by end-users (medical and healthcare, pharmaceutical and others). The report also outlines the market shares of key regions such as the Americas, MEA, Europe and APAC. The key vendors analyzed in this report are Cole Parmer, Labconco, Luxor, Sovella, and TrippNT.
Technavio’s market research analysts estimate the, global lab cart market, to grow at a CAGR of 4% between 2016 and 2020. The rising number of subcontract laboratories and increased R&D expenditure are boosting the demands for lab carts. APAC occupies the largest market share, accounting for 34% of the market by 2020. The majority of the sales of lab carts in the region is expected to come from new research facilities and academic laboratories.
The new market research report from Technavio provides a breakdown and analysis of the lab cart segments by technology.
“Owing to increased automation in laboratories, the manufacturers are integrating lab carts with electric motors. This development has made the movement of materials and equipment within the laboratory very easy and convenient. Several lab carts also include an electric hydraulic lift base, which allows the trays or the cart as a whole to change the height based on user requirements, making it easier to load and unload materials. Also, the vendors are customizing lab carts based on their requirement,” says Brahadeesh Chandrasekaran, Lead Analyst, Healthcare & Lifesciences, Technavio Research.
The others segment in the lab carts market is the largest segment, occupying around 55% of the overall market share. Other types of laboratory carts include modular carts, multi-purpose or flexible carts, motorized carts, and electric carts. Much of this segment’s growth is expected to come from the growing popularity of multi-purpose and modular laboratory carts. These carts are preferred owing to their flexibility and cost benefits. The F&B, manufacturing, electronics, and biotechnology sectors are the primary end-users of global other laboratory carts.
The leading vendors in the global lab cart market are Cole Parmer, Labconco, Luxor, Sovella, and TrippNT. The market is highly fragmented with the presence of numerous vendors. Intense competition prevails in the market owing to increase in product extensions, new products, and new applications of integrated product offerings. Vendors in this market are capitalizing on the popularity of online media to develop a competitive edge.
A more detailed analysis is available in the Technavio report Global Laboratory Cart Market 2016-2020.
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