Overview

Blinding science: Revenue growth will stem from increasing R&D expenditure

IBISWorld’s Laboratory Casework Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • R&D expenditure has recovered, resulting in greater investment in laboratory casework
  • Sales to foreign buyers have declined as a share of industry revenue
  • R&D spending is expected to grow, driving demand for laboratory casework

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    Industry Analysis & Industry Trends

    The Laboratory Casework Manufacturing industry reanimated from shaky conditions over the past five years. This industry manufactures laboratory casework furniture, including cabinets, cases, benches, tables and fixtures. As the economy rebounded and revenue for businesses and laboratories has increased, they have invested in new laboratory furniture, benefiting industry operators. Over the five years to 2022, the industry is projected to grow more consistently as downstream companies invest in new products. To accommodate robust R&D activity, businesses will increase demand for laboratory furniture...

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    Industry Report - Industry Products Chapter

    The main products in this industry include metal and wood casework, countertops, fixtures, sinks, tables, workstations, shelving and carts. IBISWorld estimates that the top five industry products are cabinets and storage casework; tables and surfaces; fixtures; shelving; and carts. These segments are expected to remain relatively consistent over time due to the needs of downstream markets and relative prices for each.

    Cabinets and storage

    Cabinets and storage are expected to represent the majority of industry revenue, estimated at 38.9% in 2017. Types of cabinets and storage include general, chemical and forensic cabinets, mobile drawers and other casework (a term used for built-in cabinetry). Alt..

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    Additional Insights for the Laboratory Casework Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Laboratory Casework Manufacturing Industry are

  • Ability to accommodate environmental requirements
  • Automation - reduces costs, particularly those associated with labor
  • Effective quality control
  • IBISWorld analysts also discuss how external factors such as Research and development expenditure and Trade-weighted index in the Laboratory Casework Manufacturing industry impact industry performance..

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    Industry Products

    What is the Laboratory Casework Manufacturing Industry?

    Operators in this industry manufacture laboratory furniture (casework), including cabinets, cases, benches, tables and fixtures. This industry excludes dental laboratory furniture as well as laboratory seating.

    Industry Products
    Cabinets and storage
    Tables and surfaces
    Fixtures
    Shelving
    Carts
    Industry Activities
    Manufacturing laboratory furniture

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Research and development expenditure
  • Trade-weighted index
  • Corporate profit
  • Demand from laboratory testing services
  • Government funding for universities
  • Price of plastic materials and resin
  • Total health expenditure

  • Current Performance
  • Trends in downstream demand
  • Developments in international trade
  • Industry trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising R&D expenditure
  • International trade trends
  • Changing industry landscape
  • Table: Laboratory Casework Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Laboratory Casework Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Brand Name Pharmaceutical Manufacturing
  • Generic Pharmaceutical Manufacturing
  • Vitamin & Supplement Manufacturing
  • Laboratory Testing Services
  • Scientific Research & Development
  • Hospitals
  • Colleges & Universities

  • Key Selling Industries
  • Ceramics Manufacturing
  • Electrical Equipment Manufacturing
  • Iron & Steel Manufacturing
  • Lumber Wholesaling
  • Paint Wholesaling
  • Plastic & Resin Manufacturing

  • Products & Services
  • Cabinets and storage
  • Tables and surfaces
  • Carts
  • Fixtures
  • Shelving
  • Chart: Laboratory Casework Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Laboratories
  • Exports
  • Manufacturing
  • Institutions
  • Other users
  • Chart: Major Market Segmentation for the Laboratory Casework Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciation, marketing, rent and utilitiesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Laboratory Casework Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Laboratory Casework Manufacturing Industry

  • Industry Globalization
    Major Companies
    Kewaunee Scientific Corporation
  • Table: Kewaunee Scientific Corporation - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Laboratory Casework Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Laboratory Casework Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Research & Development Expenditure (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Casework
  • Base cabinets, wall cabinets and storage cabinets designed to be used in a laboratory setting and typically made of wood, plastic laminate and metal.
  • Casters
  • Small wheels attached to the bottom of carts, cabinets and workstations that swivel to allow ease of mobility.
  • Ergonomic
  • A design principle that seeks to maximize bodily comfort through strategic placement of the spine and limbs.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Laboratory Casework Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Laboratory Casework Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Laboratory Casework Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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