The Laboratory Fume Hoods Manufacturing industry has climbed out of its steep recessionary fall during the past five years. With the recovering economy, demand for research and lab equipment increased in response to improving consumer spending. Moreover, laboratories increased both their capital and research and development (R&D) expenditures, shifting their focus back to the development of future products. The next five years are expected to experience continuation of growth for the industry. Since turning a corner in line with the recovering economy, rising corporate profit has led to expanding research and development (R&D) budgets, resulting in greater demand for industry products. Despite these trends, industry profit is projected to rise only marginally, primarily due to increasing price competition among industry operators and volatile raw material prices.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.