On top: Research spending will improve, fueling industry revenue growth

As the economy recovered from the economic downturn, fume hood manufacturers have experienced increased demand for industry products. When revenue for businesses and laboratories returned to growth, they could once again begin investing in new lab equipment, which includes fume hoods. As a result, industry revenue is expected to grow over the five years to 2016. Over the five years to 2021, the industry is projected to grow at a faster annualized rate as companies invest in new products, thus increasing their R&D expenses...purchase to read more.

Industry Statistics & Market Size
Annual Growth 11-16
Forecast Growth 16-21

Industry Threats & Opportunities

  • The industry is projected to grow at a faster rate as companies invest in new products
  • Fume hood manufacturers are increasingly offering systems that save energy through lower air volume
  • Annual health expenditure will accelerate, driving demand for fume hoods
  • Industry Report - Industry SWOT Analysis Chapter

    IBISWorld estimates that the Laboratory Fume Hoods Manufacturing industry is in the mature stage of its life cycle. Over the 10 years to 2021, the industry’s value added (IVA), which measures its contribution to the overall economy, is projected to grow at an annualized rate of 3.0%. Comparatively, US GDP is projected to grow at a slightly slower annualized rate of 2.1% over the same period.As demand continues to strengthen over the next five years to 2021, the number of operators is expected to rise, albeit slowly. The trend of industry consolidation is expected to continue, as larger industry operators will use their substantial resources to acquire smaller companies; this trend will be moderated by a rush of new operators entering the industry, however. Big...purchase to read more.

    Additional Insights for the Laboratory Fume Hoods Manufacturing Industry

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

  • Having a diverse range of clients
  • Availability of supplies
  • Ability to vary services to suit different needs
  • IBISWorld analysts also discuss how external factors such as Research and development expenditure and Trade-weighted index in the Laboratory Fume Hoods Manufacturing industry impact industry performance..

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    What's in this report

    What is the Laboratory Fume Hoods Manufacturing Industry?

    This industry includes establishments operating within the United States that manufacture fume hoods, which are ventilation devices designed to limit exposure to hazardous or noxious fumes, vapors or dusts.

    Industry Products
  • Benchtop fume hoods
  • Floor-mounted fume hoods
  • Canopy fume hoods
  • Custom fume hoods
  • Other fume hoods
  • Industry Activities
  • Designing fume hoods and related equipment
  • Manufacturing benchtop fume hoods
  • Manufacturing floor-mounted fume hoods
  • Manufacturing canopy fume hoods
  • Manufacturing custom fume hoods
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Research and development expenditure
  • Trade-weighted index
  • Corporate profit
  • Demand from laboratory testing services
  • Government funding for universities
  • Total health expenditure
  • World price of steel

  • Current Performance
  • R&D trends
  • Industry trends
  • International trade
  • Consolidation and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • R&D expenditure to grow
  • Opportunities in international trade
  • Changes in the industry’s landscape
  • Table: Laboratory Fume Hoods Manufacturing Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Manufacturing
  • Laboratory Testing Services
  • Scientific & Economic Consulting
  • Scientific Research & Development
  • Diagnostic & Medical Laboratories

  • Key Selling Industries
  • Aluminum Manufacturing
  • Electrical Equipment Manufacturing
  • Metal Pipe & Tube Manufacturing
  • Valve Manufacturing

  • Products & Services
  • Benchtop fume hoods
  • Custom fume hoods
  • Floor-mounted fume hoods
  • Other fume hoods
  • Canopy fume hoods
  • Chart: Laboratory Fume Hoods Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Research and development activity
  • Technology and medical demand

  • Major Markets
  • Private non-medical laboratories and facilities
  • Educational institutions
  • Private medical laboratories
  • Exports
  • Government facilities
  • Chart: Major Market Segmentation for the Laboratory Fume Hoods Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Laboratory Fume Hoods Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Laboratory Fume Hoods Manufacturing Industry

  • Industry Globalization
    Hamilton Scientific LLC, Labconco, Kewaunee Scientific Corporation,
  • Table: Hamilton Scientific LLC - financial performance
  • Table: Labconco - financial performance
  • Table: Kewaunee Scientific Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Laboratory Fume Hoods Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Laboratory Fume Hoods Manufacturing Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Research & Development Expenditure (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Activated Carbon Filter
  • A porous highly adsorptive form of carbon used to remove impurities from oxygen.
  • Fume Hood
  • A ventilation device that is designed to limit exposure to hazardous or noxious fumes, vapors or dusts.
  • Occupational Safety & Health Administration (Osha)
  • An agency of the US Department of Labor. Its mission is to prevent work-related injuries, illnesses and occupational fatality by issuing and enforcing standards for workplace safety and health.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Laboratory Fume Hoods Manufacturing provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    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 Fume Hoods 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 Fume Hoods 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 Fume Hoods Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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