Product Code: ETC029459 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Saudi Arabia Laboratory Furniture Market is expected to grow significantly during the forecast period 2025-2031. The growth of this market is majorly driven by the increasing number of medical, pharmaceutical and biotechnology research laboratories in the country along with growing investments from government organizations for laboratory furniture upgradation. Additionally, rising demand for advanced laboratory solutions such as automated systems are further contributing towards growth of this market. The availability of a pool of skilled labor at competitive prices has enabled foreign investors to set up their laboratories in Saudi Arabia which provides an impetus to this market`s growth.
Government organizations have been investing heavily in recent years on research & development activities which has led to increased demand for advanced lab equipment including furniture pieces. This trend will continue as it will support national agenda and help increase efficiency by providing latest furniture designs that adhere to international standards keeping safety and comfort in mind thereby driving the overall laboratory furniture market growth in Saudi Arabia. With rising population and healthcare expenditure, demand for quality drugs is also rising thus leading to investments being made into modernizing existing laboratories or setting up new ones across multiple cities within the country resulting into higher requirement for laboratory furniture pieces like cabinets, chairs etc., fuelling its sales prospects over time.
Setting up a fully functional lab requires plenty of investments right from acquisition & installation costs associated with each piece of furniture alongwith additional charges related to maintenance services making it difficult especially for small scale players entering this industry due to financial constraints thereby limiting potential customers who can afford such hefty price tags ultimately restraining opportunities available here.
However, stringent government regulations regarding safety protocols and operational practices may hamper the overall growth of this sector in Saudi Arabia over the coming years. Furthermore, COVID-19 pandemic has led to temporary closure of many industries due to which there has been an unprecedented decline across all sectors including laboratory furniture markets globally as well as in Saudi Arabia.
Key players operating in laboratory equipment industry include Formaspace Inc., Haldeman Homme Inc., Labconco Corporation (Kansas City), Erlab Group , Kewaunee Scientific Corporation (North Carolina) , Metro Labs Pvt Ltd., Mott Manufacturing Ltd .,, Steelage Industries Pvt Ltd., Teknomek Ltd., Trespa International BV among others.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Laboratory Furniture Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Laboratory Furniture Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Laboratory Furniture Market - Industry Life Cycle |
3.4 Saudi Arabia Laboratory Furniture Market - Porter's Five Forces |
3.5 Saudi Arabia Laboratory Furniture Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Saudi Arabia Laboratory Furniture Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Saudi Arabia Laboratory Furniture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Laboratory Furniture Market Trends |
6 Saudi Arabia Laboratory Furniture Market, By Types |
6.1 Saudi Arabia Laboratory Furniture Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Laboratory Furniture Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Saudi Arabia Laboratory Furniture Market Revenues & Volume, By Lab Bench, 2021-2031F |
6.1.4 Saudi Arabia Laboratory Furniture Market Revenues & Volume, By Lab Cabinet, 2021-2031F |
6.1.5 Saudi Arabia Laboratory Furniture Market Revenues & Volume, By Fume Hood, 2021-2031F |
6.1.6 Saudi Arabia Laboratory Furniture Market Revenues & Volume, By Stool, 2021-2031F |
6.1.7 Saudi Arabia Laboratory Furniture Market Revenues & Volume, By Accessories, 2021-2031F |
6.2 Saudi Arabia Laboratory Furniture Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Laboratory Furniture Market Revenues & Volume, By Education, 2021-2031F |
6.2.3 Saudi Arabia Laboratory Furniture Market Revenues & Volume, By Government, 2021-2031F |
6.2.4 Saudi Arabia Laboratory Furniture Market Revenues & Volume, By Industry, 2021-2031F |
6.2.5 Saudi Arabia Laboratory Furniture Market Revenues & Volume, By Research, 2021-2031F |
6.2.6 Saudi Arabia Laboratory Furniture Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
7 Saudi Arabia Laboratory Furniture Market Import-Export Trade Statistics |
7.1 Saudi Arabia Laboratory Furniture Market Export to Major Countries |
7.2 Saudi Arabia Laboratory Furniture Market Imports from Major Countries |
8 Saudi Arabia Laboratory Furniture Market Key Performance Indicators |
9 Saudi Arabia Laboratory Furniture Market - Opportunity Assessment |
9.1 Saudi Arabia Laboratory Furniture Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Saudi Arabia Laboratory Furniture Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Saudi Arabia Laboratory Furniture Market - Competitive Landscape |
10.1 Saudi Arabia Laboratory Furniture Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Laboratory Furniture Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |