DUBLIN, July 4, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Laboratory Rack Market 2016-2020" report to their offering.
The global laboratory rack market is forecast to grow at a CAGR of 4.3% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: A key trend which is helping boost market growth is increased customization. The choice of the type and size of the racks is largely based on the application and the process. With a broad range of laboratory racks to choose from, based on material, size, function, design, and flexibility, end-users have the freedom to choose what best suits their application. For specialized end-users, manufacturers have also begun designing and producing customized racks to meet specific customer requirements.
According to the report, a key growth driver is the rising R&D expenditure. With nations continuing to place emphasis on knowledge expansion and innovation, the trend of increasing spending on R&D will continue over the forecast period. The increase in R&D translates to expansion of research and testing facilities in sectors like healthcare and chemicals, which will ultimately lead to increased demand for laboratory racks over the forecast period.
Further, the report states that one challenge that could restrict market growth is insufficient scope for innovation. Given the nature of laboratory racks, the scope for innovation or changes is minimal.
- Dynalon Labware
- Global Scientific
- Heathrow Scientific
- Bel-Art Products-SP Scienceware
- Thermo Fisher Scientific
- Argos Technologies
- Bio Plas
- Grant Instruments
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
PART 17: About the Author
For more information visit http://www.researchandmarkets.com/research/kjfbhq/global_laboratory
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SOURCE Research and Markets