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Technavio’s market research study predicts the global laboratory rack market to grow at a CAGR of around 4% by 2020. One of the primary drivers for this market is the growing number of subcontract laboratories. These labs allow companies to outsource their research and testing processes at affordable prices. In addition, there has been a massive increase of such outsourcing process especially to smaller subcontract laboratories in recent times. The growing popularity of these labs among smaller companies will increase the demand for laboratory racks and other laboratory consumables over the next four years.
This market research analysis estimates that the market will witness increased level of customization in the coming years. The end users select the type and size of the racks based on the application and the process. Manufacturers are coming up with customized rack designs to meet specific customer requirements. Customization includes the materials used, modification in design of the platform or trays, the number of slots, and the modular add-ons. The growing availability of customization services for specialized end users will boost the growth prospects for the lab racks market in the coming years.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
PART 17: Explore Technavio
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