Laboratory Furniture Market Size, Share, Growth Analysis, By Type(Tables & Storage Cabinets, Stools & Chairs, Others (IPS Unit, Pedestal)), By Application(Educational Institution, Medical, Research, Development Centers), By Region - Industry Forecast 2024-2031

Global Laboratory Furniture Market size was valued at USD 1856.25 million in 2019 and is poised to grow from USD 1914.4 million in 2023 to USD 2459.42 million by 2031, growing at a CAGR of 3.1% in the forecast period (2024-2031).

Laboratory furniture is created specifically to facilitate studies in a lab while also standing up to the demanding circumstances of the lab setting. There are many different types of laboratory furniture, including pedestal furniture, laboratory tables, laboratory IPS units, lab benches, laboratory storage cabinets, and more.

The market is anticipated to expand faster as eco-friendly materials are increasingly used to make laboratory furniture. The demand for laboratory furniture will also increase due to other factors like the rising demand for modular lab furniture, the increased use of 3D visualization services by manufacturers to reduce furniture design and layout errors, the rising demand for ergonomic furniture, and the rising government spending on research and education.

An important and ongoing trend that will continue to have an impact on the expansion of the laboratory furniture industry is the rising usage of environmentally friendly materials like stainless steel, which increases furniture longevity and permits recycling. Additionally, less volatile and more affordable solvent-free powder coatings are becoming more and more well-liked in the market for laboratory furniture. However, the tariffs will have a detrimental effect on furniture producers who import their raw materials, which will limit the market expansion for laboratory furniture. Local businesses are also indirectly impacted by tariffs as a result of higher domestic stainless-steel costs.

US Laboratory Furniture Market is poised to grow at a sustainable CAGR for the next forecast year.