Lewes, DE -- (SBWIRE) -- 03/16/2016 -- Report forecast the global laboratory cabinet market to grow at a CAGR of 6.11% during the period 2016-2020.

Laboratory cabinets are used for storage of chemicals, equipment, and samples, and they provide a safe, contamination-free work space. Laboratory cabinets fall into the category of laboratory furniture, and they can be classified depending on application, size, and end-users. General purpose and chemical cabinets are used in laboratories for storing various materials and equipment, whereas biosafety cabinets and laminar flow cabinets are used to provide a safe working platform for handling delicate materials or contaminants that require a clean, secluded, and dust-free space.

The report covers the present scenario and the growth prospects of the global laboratory cabinets market for 2016-2020. The market size was calculated from revenue generated from the sales of laboratory cabinets by the market vendors in this product category.

The market is divided into the following segments based on geography:
- Americas
- APAC
- Europe
- MEA

According to the report, Growth of the global laboratory cabinet market is attributed to an anticipated increase in R&D expenditure between 2015 and 2020.

Further, the report states that the major factor inhibiting the growth of this market is the low frequency of repurchase.

Global Laboratory Cabinet Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Laboratory Cabinet Market: ESCO, Labconco, Polypipe, The Baker Company, and Thermo Fisher Scientific.

Other Prominent Vendors in the market are: A.T. Villa, AirClean Systems, Alkali Scientific, Azbil Telstar, Aztec Microflow, Bassaire, Durcon, Erlab, Intermetro Industries, Kewaunee Scientific, LOC Scientific, LabDesign, Looped Logic, Sandusky, TrippNT, and Valley Craft.

Market driver
- Increasing R&D expenditure
- For a full, detailed list, view our report

Market challenge
- Low frequency of repurchase
- For a full, detailed list, view our report

Market trend
- Gaining traction of automation
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 69 pages and 33 Exhibit "Global Laboratory Cabinet Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by product, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-laboratory-cabinet-market-2016-2020

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