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1 INTRODUCTION 32
1.1 STUDY OBJECTIVES 32
1.2 MARKET DEFINITION 32
1.3 INCLUSIONS AND EXCLUSIONS 33
1.3.1 INDUSTRIAL COUNTERWEIGHTS MARKET, BY MATERIAL: INCLUSIONS
AND EXCLUSIONS 33
1.3.2 INDUSTRIAL COUNTERWEIGHTS MARKET, BY END USER: INCLUSIONS
AND EXCLUSIONS 33
1.4 STUDY SCOPE 34
1.4.1 MARKETS COVERED 34
1.4.2 REGIONAL SCOPE 34
1.4.3 YEARS CONSIDERED 35
1.5 CURRENCY 35
1.6 LIMITATIONS 35
1.7 STAKEHOLDERS 36
2 RESEARCH METHODOLOGY 37
2.1 RESEARCH DATA 37
FIGURE 1 INDUSTRIAL COUNTERWEIGHTS MARKET: RESEARCH DESIGN 37
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 38
FIGURE 2 DATA TRIANGULATION METHODOLOGY 38
2.2.1 SECONDARY DATA 39
2.2.1.1 Key data from secondary sources 39
2.2.2 PRIMARY DATA 39
2.2.2.1 Key data from primary sources 40
2.2.2.2 Breakdown of primaries 40
2.3 IMPACT OF COVID-19 ON INDUSTRY 41
2.4 SCOPE 42
FIGURE 3 MAIN METRICS CONSIDERED WHILE ANALYZING AND ASSESSING DEMAND FOR INDUSTRIAL COUNTERWEIGHTS 42
2.5 MARKET SIZE ESTIMATION 42
2.5.1 BOTTOM-UP APPROACH 43
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 43
2.5.2 TOP-DOWN APPROACH 44
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 44
2.5.3 DEMAND-SIDE ANALYSIS 45
2.5.3.1 Regional analysis 45
2.5.3.2 Country analysis 46
2.5.3.3 Assumptions for demand side 46
2.5.3.4 Calculation for demand side 46
FIGURE 6 KEY STEPS CONSIDERED FOR ASSESSING DEMAND OF INDUSTRIAL COUNTERWEIGHTS 47
FIGURE 7 INDUSTRIAL COUNTERWEIGHTS MARKET: DEMAND-SIDE ANALYSIS 47
2.5.4 FORECAST 48
3 EXECUTIVE SUMMARY 49
TABLE 1 SNAPSHOT OF INDUSTRIAL COUNTERWEIGHTS MARKET 49
FIGURE 8 FIXED COUNTERWEIGHTS TO ACCOUNT FOR LARGER SHARE OF INDUSTRIAL COUNTERWEIGHTS MARKET, BY TYPE, DURING FORECAST PERIOD 50
FIGURE 9 IRON & STEEL SEGMENT, BY MATERIAL, TO LEAD INDUSTRIAL COUNTERWEIGHTS MARKET DURING FORECAST PERIOD 51
FIGURE 10 CONSTRUCTION SEGMENT TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF INDUSTRIAL COUNTERWEIGHTS MARKET, BY END USER, DURING FORECAST PERIOD 51
FIGURE 11 CRANES TO ACCOUNT FOR LARGEST SIZE OF INDUSTRIAL COUNTERWEIGHTS MARKET, BY APPLICATION, DURING FORECAST PERIOD 52
FIGURE 12 INDUSTRIAL COUNTERWEIGHTS MARKET IN ASIA PACIFIC TO EXHIBIT HIGHEST CAGR DURING 2021–2026 53
4 PREMIUM INSIGHTS 54
4.1 ATTRACTIVE OPPORTUNITIES IN INDUSTRIAL COUNTERWEIGHTS MARKET 54
FIGURE 13 INCREASING INVESTMENTS IN CONSTRUCTION AND MATERIAL HANDLING EQUIPMENT TO DRIVE INDUSTRIAL COUNTERWEIGHTS MARKET GROWTH DURING 2021–2026 54
4.2 INDUSTRIAL COUNTERWEIGHTS MARKET, BY REGION 55
FIGURE 14 INDUSTRIAL COUNTERWEIGHTS MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 55
4.3 INDUSTRIAL COUNTERWEIGHTS MARKET, BY END USER AND COUNTRY 56
FIGURE 15 CONSTRUCTION SEGMENT AND CHINA HELD LARGEST SHARES OF INDUSTRIAL COUNTERWEIGHTS MARKET IN APAC IN 2020 56
4.4 INDUSTRIAL COUNTERWEIGHTS MARKET, BY TYPE 57
FIGURE 16 FIXED COUNTERWEIGHTS SEGMENT HELD LARGER SHARE OF INDUSTRIAL COUNTERWEIGHTS MARKET IN 2020 57
4.5 INDUSTRIAL COUNTERWEIGHTS MARKET, BY MATERIAL 57
FIGURE 17 IRON & STEEL SEGMENT HELD LARGEST SHARE OF INDUSTRIAL COUNTERWEIGHTS MARKET IN 2020 57
4.6 INDUSTRIAL COUNTERWEIGHTS MARKET, BY END USER 58
FIGURE 18 CONSTRUCTION SEGMENT HELD LARGEST SHARE OF INDUSTRIAL COUNTERWEIGHTS MARKET IN 2020 58
4.7 INDUSTRIAL COUNTERWEIGHTS MARKET, BY APPLICATION 58
FIGURE 19 CRANES SEGMENT HELD LARGEST SHARE OF INDUSTRIAL COUNTERWEIGHTS MARKET IN 2020 58
5 MARKET OVERVIEW 59
5.1 INTRODUCTION 59
5.2 COVID-19 HEALTH ASSESSMENT 59
FIGURE 20 COVID-19 GLOBAL PROPAGATION 60
FIGURE 21 COVID-19 PROPAGATION IN SELECTED COUNTRIES 60
5.3 ROAD TO RECOVERY 61
FIGURE 22 RECOVERY ROAD FOR 2020 AND 2021 61
5.4 COVID-19 ECONOMIC ASSESSMENT 62
FIGURE 23 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020 62
5.5 MARKET DYNAMICS 63
FIGURE 24 INDUSTRIAL COUNTERWEIGHTS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 63
5.5.1 DRIVERS 63
5.5.1.1 Increasing demand for cast-iron counterweights for off-highway equipment applications 63
5.5.1.2 Soaring demand for counterweights in material handling operations, majorly in manufacturing and logistics industries 64
5.5.1.3 Rising demand for heavy machinery from construction sector will propel the demand for counterweights 64
5.5.2 RESTRAINTS 64
5.5.2.1 Stringent government regulations restricting use of lead counterweights 64
5.5.2.2 Varying cost of counterweights by material restricting use of proper counterweights in different applications 65
5.5.3 OPPORTUNITIES 65
5.5.3.1 Generation of additional demand for material handling equipment
by booming retail sector 65
FIGURE 25 GLOBAL RETAIL SALES, 2019 (USD BILLION) 66
5.5.4 CHALLENGES 66
5.5.4.1 Trimmed demand from end-use industries due to COVID-19 66
5.5.4.2 Increasing raw material prices 66
5.6 TRENDS 67
5.6.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR INDUSTRIAL COUNTERWEIGHT MANUFACTURERS 67
FIGURE 26 REVENUE SHIFT FOR INDUSTRIAL COUNTERWEIGHT 67
5.7 PRICING ANALYSIS 67
TABLE 2 PRICING ANALYSIS OF INDUSTRIAL COUNTERWEIGHTS 67
5.8 MARKET MAP 68
FIGURE 27 MARKET MAP FOR INDUSTRIAL COUNTERWEIGHTS 68
TABLE 3 INDUSTRIAL COUNTERWEIGHTS: ECOSYSTEM 69
5.9 VALUE CHAIN ANALYSIS 70
FIGURE 28 INDUSTRIAL COUNTERWEIGHTS VALUE CHAIN ANALYSIS 70
5.9.1 RAW MATERIAL PROVIDERS/SUPPLIERS 70
5.9.2 MANUFACTURERS/ASSEMBLERS 71
5.9.3 DISTRIBUTORS (BUYERS)/END USERS 71
5.10 TECHNOLOGY ANALYSIS 71
5.10.1 INDUSTRIAL COUNTERWEIGHTS BASED ON DIFFERENT TECHNOLOGIES 71
5.11 INDUSTRIAL COUNTERWEIGHTS: CODES AND REGULATIONS 72
TABLE 4 INDUSTRIAL COUNTERWEIGHTS: CODES AND REGULATIONS 72
5.12 INNOVATIONS AND PATENT REGISTRATIONS 72
TABLE 5 INDUSTRIAL COUNTERWEIGHTS: INNOVATIONS AND PATENT REGISTRATIONS 72
5.13 PORTER’S FIVE FORCES ANALYSIS 73
FIGURE 29 PORTER’S FIVE FORCES ANALYSIS FOR INDUSTRIAL COUNTERWEIGHTS MARKET 73
TABLE 6 INDUSTRIAL COUNTERWEIGHTS: PORTER’S FIVE FORCES ANALYSIS 73
5.13.1 THREAT OF SUBSTITUTES 74
5.13.2 BARGAINING POWER OF SUPPLIERS 74
5.13.3 BARGAINING POWER OF BUYERS 74
5.13.4 THREAT OF NEW ENTRANTS 74
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 75
5.14 CASE STUDY ANALYSIS 75
5.14.1 COUNTERWEIGHT REPLACEMENT IN KOGERPOLDERBRIDGE (NORTHERN HOLLAND PROVINCE) 75
5.14.2 COUNTERWEIGHT FOR RACING CAR (FORMULA 1) 75
6 INDUSTRIAL COUNTERWEIGHTS MARKET, BY TYPE 76
6.1 INTRODUCTION 77
FIGURE 30 INDUSTRIAL COUNTERWEIGHTS MARKET, BY TYPE, 2020 (%) 77
FIGURE 31 FIXED INDUSTRIAL COUNTERWEIGHTS MARKET, BY TYPE, 2020 (%) 77
TABLE 7 INDUSTRIAL COUNTERWEIGHTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 78
TABLE 8 INDUSTRIAL COUNTERWEIGHTS MARKET, BY FIXED COUNTERWEIGHTS TYPE, 2019–2026 (USD MILLION) 78
6.2 SWINGING COUNTERWEIGHTS 78
6.2.1 CONSTRUCTION INDUSTRY DRIVES SWINGING COUNTERWEIGHTS
MARKET GROWTH 78
TABLE 9 SWINGING INDUSTRIAL COUNTERWEIGHTS MARKET, BY REGION,
2019–2026 (USD MILLION) 79
6.3 FIXED COUNTERWEIGHTS 79
6.3.1 LOGISTICS, AGRICULTURE, AND MINING INDUSTRIES ACCELERATE FIXED COUNTERWEIGHTS MARKET GROWTH 79
TABLE 10 FIXED INDUSTRIAL COUNTERWEIGHTS MARKET, BY REGION,
2019–2026 (USD MILLION) 80
TABLE 11 FIXED FRAME INDUSTRIAL COUNTERWEIGHTS MARKET, BY REGION,
2019–2026 (USD MILLION) 80
TABLE 12 FLOATING FRAME INDUSTRIAL COUNTERWEIGHTS MARKET, BY REGION, 2019–2026 (USD MILLION) 81
7 INDUSTRIAL COUNTERWEIGHTS MARKET, BY MATERIAL 82
7.1 INTRODUCTION 83
FIGURE 32 INDUSTRIAL COUNTERWEIGHTS MARKET, BY MATERIAL, 2020 (%) 83
TABLE 13 INDUSTRIAL COUNTERWEIGHTS MARKET SIZE, BY MATERIAL,
2019–2026 (USD MILLION) 83
7.2 IRON & STEEL 84
7.2.1 IRON & STEEL ARE WIDELY USED MATERIALS FOR MANUFACTURING COUNTERWEIGHTS 84
TABLE 14 INDUSTRIAL COUNTERWEIGHTS MARKET FOR IRON & STEEL, BY REGION, 2019–2026 (USD MILLION) 84
7.3 CONCRETE 85
7.3.1 DEMAND FOR CONCRETE COUNTERWEIGHTS IS DRIVEN BY CONSTRUCTION INDUSTRY 85
TABLE 15 INDUSTRIAL COUNTERWEIGHTS MARKET FOR CONCRETE, BY REGION, 2019–2026 (USD MILLION) 85
7.4 OTHERS 86
TABLE 16 INDUSTRIAL COUNTERWEIGHTS MARKET FOR OTHERS, BY REGION,
2019–2026 (USD MILLION) 86
8 INDUSTRIAL COUNTERWEIGHTS MARKET, BY APPLICATION 87
8.1 INTRODUCTION 88
FIGURE 33 INDUSTRIAL COUNTERWEIGHTS MARKET, BY APPLICATION, 2020 (%) 88
TABLE 17 INDUSTRIAL COUNTERWEIGHTS MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 88
8.2 ELEVATORS 89
8.2.1 COUNTERWEIGHTS MADE UP OF IRON AND STEEL ALLOYS ARE GENERALLY USED FOR APPLICATIONS IN ELEVATORS 89
TABLE 18 INDUSTRIAL COUNTERWEIGHTS MARKET FOR ELEVATORS, BY REGION, 2019–2026 (USD MILLION) 89
8.3 CRANES 90
8.3.1 IN HEIGHTENED DEMAND FOR CRANES IN CONSTRUCTION ACTIVITIES IS FUELING GROWTH OF CRANES SEGMENT 90
TABLE 19 INDUSTRIAL COUNTERWEIGHTS MARKET FOR CRANES, BY REGION,
2019–2026 (USD MILLION) 90
8.4 FORKLIFTS 91
8.4.1 SURGING DEMAND FOR FORKLIFTS IN MANUFACTURING AND WAREHOUSING OPERATIONS IS SUPPORTING GROWTH OF FORKLIFTS SEGMENT 91
TABLE 20 INDUSTRIAL COUNTERWEIGHTS MARKET FOR FORKLIFTS, BY REGION, 2019–2026 (USD MILLION) 91
8.5 EXCAVATORS 92
8.5.1 RISING DEMAND FOR EXCAVATORS IN INFRASTRUCTURE DEVELOPMENT ACTIVITIES IS MOTIVATING GROWTH OF EXCAVATORS SEGMENT 92
TABLE 21 INDUSTRIAL COUNTERWEIGHTS MARKET FOR EXCAVATOR, BY REGION, 2019–2026 (USD MILLION) 92
8.6 LIFTS 93
8.6.1 INTENSIFYING FOCUS ON ENSURING STABILITY IN OPERATIONS IS FUELING DEMAND FOR COUNTERWEIGHTS FOR APPLICATIONS IN LIFTS 93
TABLE 22 INDUSTRIAL COUNTERWEIGHTS MARKET FOR LIFT, BY REGION,
2019–2026 (USD MILLION) 93
8.7 GRINDING WHEELS 94
8.7.1 DEPLOYMENT OF INNOVATIVE GRINDING WHEELS IN AUTOMOTIVE AND AEROSPACE INDUSTRIES IS GENERATING DEMAND FOR COUNTERWEIGHTS 94
TABLE 23 INDUSTRIAL COUNTERWEIGHTS MARKET FOR GRINDING WHEELS,
BY REGION, 2019–2026 (USD MILLION) 94
8.8 OTHERS 95
TABLE 24 INDUSTRIAL COUNTERWEIGHTS MARKET FOR OTHERS, BY REGION,
2019–2026 (USD MILLION) 95
9 INDUSTRIAL COUNTERWEIGHTS MARKET, BY END USER 96
9.1 INTRODUCTION 97
FIGURE 34 INDUSTRIAL COUNTERWEIGHTS MARKET, BY END USER, 2020 (%) 97
TABLE 25 INDUSTRIAL COUNTERWEIGHTS MARKET SIZE, BY END USER,
2019–2026 (USD MILLION) 97
9.2 INDUSTRIAL MANUFACTURING 98
9.2.1 DEMAND FROM AUTOMOTIVE AND OIL & GAS INDUSTRIES DRIVE GROWTH OF INDUSTRIAL MANUFACTURING SEGMENT 98
TABLE 26 INDUSTRIAL COUNTERWEIGHTS MARKET FOR INDUSTRIAL MANUFACTURING, BY REGION, 2019–2026 (USD MILLION) 98
9.3 MARINE 99
9.3.1 GROWTH OF MARINE SEGMENT IS DRIVEN BY ADOPTION OF CRANES
IN SHIPPING AND MATERIAL HANDLING INDUSTRIES 99
TABLE 27 INDUSTRIAL COUNTERWEIGHTS MARKET FOR MARINE, BY REGION,
2019–2026 (USD MILLION) 99
9.4 CONSTRUCTION 99
9.4.1 GROWTH OF CONSTRUCTION SEGMENT IS FUELED BY SURGING DEMAND FOR TOWER CRANES IN CONSTRUCTION PROJECTS 99
TABLE 28 INDUSTRIAL COUNTERWEIGHTS MARKET FOR CONSTRUCTION, BY REGION, 2019–2026 (USD MILLION) 100
9.5 MINING 100
9.5.1 ADOPTION OF ROUGH TERRAIN AND ALL-TERRAIN CRANES FOR SURFACE AND SUB-SURFACE MINING ACTIVITIES TO SUPPORT GROWTH OF MINING SEGMENT 100
TABLE 29 INDUSTRIAL COUNTERWEIGHTS MARKET FOR MINING, BY REGION,
2019–2026 (USD MILLION) 101
9.6 AGRICULTURE 101
9.6.1 ADOPTION OF MODERN EQUIPMENT IN AGRICULTURE INDUSTRY CATALYZING GROWTH OF AGRICULTURE SEGMENT 101
TABLE 30 INDUSTRIAL COUNTERWEIGHTS MARKET FOR AGRICULTURE, BY REGION, 2019–2026 (USD MILLION) 101
9.7 RENEWABLES 102
9.7.1 GROWING DEMAND FOR COUNTERWEIGHTS FROM WIND INDUSTRY
TO BOOST GROWTH OF RENEWABLES SEGMENT 102
TABLE 31 INDUSTRIAL COUNTERWEIGHTS MARKET SIZE, BY RENEWABLES END USER, 2019–2026 (USD MILLION) 102
TABLE 32 INDUSTRIAL COUNTERWEIGHTS MARKET FOR RENEWABLES, BY REGION, 2019–2026 (USD MILLION) 102
TABLE 33 INDUSTRIAL COUNTERWEIGHTS MARKET FOR WIND TURBINES IN RENEWABLES, BY REGION, 2019–2026 (USD MILLION) 103
TABLE 34 INDUSTRIAL COUNTERWEIGHTS MARKET FOR OTHERS IN RENEWABLES,
BY REGION, 2019–2026 (USD MILLION) 103
9.8 LOGISTICS 104
9.8.1 EXPANDING E-COMMERCE INDUSTRY MOTIVATING GROWTH OF
LOGISTICS SEGMENT 104
TABLE 35 INDUSTRIAL COUNTERWEIGHTS MARKET FOR LOGISTICS, BY REGION, 2019–2026 (USD MILLION) 104
10 REGIONAL ANALYSIS 105
10.1 INTRODUCTION 106
FIGURE 35 INDUSTRIAL COUNTERWEIGHTS MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 106
FIGURE 36 INDUSTRIAL COUNTERWEIGHTS MARKET SHARE, BY REGION, 2020 (%) 107
TABLE 36 GLOBAL INDUSTRIAL COUNTERWEIGHTS MARKET SIZE, BY REGION,
2019–2026 (USD MILLION) 107
10.2 ASIA PACIFIC 108
FIGURE 37 SNAPSHOT: INDUSTRIAL COUNTERWEIGHTS MARKET IN ASIA PACIFIC 109
10.2.1 BY TYPE 110
TABLE 37 INDUSTRIAL COUNTERWEIGHTS MARKET IN ASIA PACIFIC, BY TYPE,
2019–2026 (USD MILLION) 110
10.2.2 BY FIXED COUNTERWEIGHT TYPE 110
TABLE 38 INDUSTRIAL COUNTERWEIGHTS MARKET IN ASIA PACIFIC, FIXED COUNTERWEIGHT TYPE, 2019–2026 (USD MILLION) 110
10.2.3 BY MATERIAL 110
TABLE 39 INDUSTRIAL COUNTERWEIGHTS MARKET IN ASIA PACIFIC, BY MATERIAL, 2019–2026 (USD MILLION) 110
10.2.4 BY APPLICATION 111
TABLE 40 INDUSTRIAL COUNTERWEIGHTS MARKET IN ASIA PACIFIC, BY APPLICATION, 2019–2026 (USD MILLION) 111
10.2.5 BY END USER 111
TABLE 41 INDUSTRIAL COUNTERWEIGHTS MARKET IN ASIA PACIFIC, BY END USER, 2019–2026 (USD MILLION) 111
10.2.6 BY RENEWABLES END USER 112
TABLE 42 INDUSTRIAL COUNTERWEIGHTS MARKET IN ASIA PACIFIC, BY RENEWABLES END USER, 2019–2026 (USD MILLION) 112
10.2.7 BY COUNTRY 112
TABLE 43 INDUSTRIAL COUNTERWEIGHTS MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2026 (USD MILLION) 112
10.2.7.1 CHINA 113
10.2.7.1.1 China to dominate market in APAC during forecast period 113
10.2.7.1.2 By end user 113
TABLE 44 INDUSTRIAL COUNTERWEIGHTS MARKET IN CHINA, BY END USER,
2019–2026 (USD MILLION) 113
10.2.7.1.3 By renewables end user 113
TABLE 45 INDUSTRIAL COUNTERWEIGHTS MARKET IN CHINA, BY RENEWABLES
END USER, 2019–2026 (USD MILLION) 113
10.2.7.2 JAPAN 114
10.2.7.2.1 Expanding industrial and manufacturing sectors to boost market growth in Japan 114
10.2.7.2.2 By end user 114
TABLE 46 INDUSTRIAL COUNTERWEIGHTS MARKET IN JAPAN, BY END USER,
2019–2026 (USD MILLION) 114
10.2.7.2.3 By renewables end user 115
TABLE 47 INDUSTRIAL COUNTERWEIGHTS MARKET IN JAPAN, BY RENEWABLES
END USER, 2019–2026 (USD MILLION) 115
10.2.7.3 INDIA 115
10.2.7.3.1 Market in India to revolutionize water and wastewater industry 115
10.2.7.3.2 By end user 116
TABLE 48 INDUSTRIAL COUNTERWEIGHTS MARKET IN INDIA, BY END USER,
2019–2026 (USD MILLION) 116
10.2.7.3.3 By renewables end user 116
TABLE 49 INDUSTRIAL COUNTERWEIGHTS MARKET IN INDIA, BY RENEWABLES
END USER, 2019–2026 (USD MILLION) 116
10.2.7.4 SOUTH KOREA 117
10.2.7.4.1 Manufacturing applications fostering market growth in South Korea 117
10.2.7.4.2 By end user 117
TABLE 50 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH KOREA, BY END USER, 2019–2026 (USD MILLION) 117
10.2.7.4.3 By renewables end user 117
TABLE 51 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH KOREA, BY RENEWABLES END USER, 2019–2026 (USD MILLION) 117
10.2.7.5 AUSTRALIA 118
10.2.7.5.1 Demand from mining industry to substantiate market growth in Australia 118
10.2.7.5.2 By end user 118
TABLE 52 INDUSTRIAL COUNTERWEIGHTS MARKET IN AUSTRALIA, BY END USER, 2019–2026 (USD MILLION) 118
10.2.7.5.3 By renewables end user 118
TABLE 53 INDUSTRIAL COUNTERWEIGHTS MARKET IN AUSTRALIA, BY RENEWABLES END USER, 2019–2026 (USD MILLION) 118
10.2.7.6 REST OF ASIA PACIFIC 119
10.2.7.6.1 By end user 119
TABLE 54 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF ASIA PACIFIC,
BY END USER, 2019–2026 (USD MILLION) 119
10.2.7.6.2 By renewables end user 120
TABLE 55 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF ASIA PACIFIC,
BY RENEWABLES END USER, 2019–2026 (USD MILLION) 120
10.3 NORTH AMERICA 120
FIGURE 38 SNAPSHOT: INDUSTRIAL COUNTERWEIGHTS MARKET IN NORTH AMERICA 121
10.3.1 BY TYPE 121
TABLE 56 INDUSTRIAL COUNTERWEIGHTS MARKET IN NORTH AMERICA, BY TYPE, 2019–2026 (USD MILLION) 121
10.3.2 BY FIXED COUNTERWEIGHT TYPE 122
TABLE 57 INDUSTRIAL COUNTERWEIGHTS MARKET IN NORTH AMERICA, BY FIXED COUNTERWEIGHT TYPE, 2019–2026 (USD MILLION) 122
10.3.3 BY MATERIAL 122
TABLE 58 INDUSTRIAL COUNTERWEIGHTS MARKET IN NORTH AMERICA, BY MATERIAL, 2019–2026 (USD MILLION) 122
10.3.4 BY APPLICATION 122
TABLE 59 INDUSTRIAL COUNTERWEIGHTS MARKET IN NORTH AMERICA,
BY APPLICATION, 2019–2026 (USD MILLION) 122
10.3.5 BY END USER 123
TABLE 60 INDUSTRIAL COUNTERWEIGHTS MARKET IN NORTH AMERICA, BY END USER, 2019–2026 (USD MILLION) 123
10.3.6 BY RENEWABLES END USER 123
TABLE 61 INDUSTRIAL COUNTERWEIGHTS MARKET IN NORTH AMERICA, BY RENEWABLES END USER, 2019–2026 (USD MILLION) 123
10.3.7 BY COUNTRY 123
TABLE 62 INDUSTRIAL COUNTERWEIGHTS MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2026 (USD MILLION) 123
10.3.7.1 US 124
10.3.7.1.1 Industrial automation is fueling demand for counterweights in US 124
10.3.7.1.2 By end user 124
TABLE 63 INDUSTRIAL COUNTERWEIGHTS MARKET IN US, BY END USER,
2019–2026 (USD MILLION) 124
10.3.7.1.3 By renewables end user 125
TABLE 64 INDUSTRIAL COUNTERWEIGHTS MARKET IN US, BY RENEWABLES END USER, 2019–2026 (USD MILLION) 125
10.3.7.2 Canada 125
10.3.7.2.1 Presence of various End user industries support industrial counterweights market growth in Canada 125
10.3.7.2.2 By end user 126
TABLE 65 INDUSTRIAL COUNTERWEIGHTS MARKET IN CANADA, BY END USER,
2019–2026 (USD MILLION) 126
10.3.7.2.3 By renewables end user 126
TABLE 66 INDUSTRIAL COUNTERWEIGHTS MARKET IN CANADA, BY RENEWABLES
END USER, 2019–2026 (USD MILLION) 126
10.3.7.3 Mexico 127
10.3.7.3.1 Government investment warehouse infrastructure development to create opportunities for industrial counterweights market growth 127
10.3.7.3.2 By end user 127
TABLE 67 INDUSTRIAL COUNTERWEIGHTS MARKET IN MEXICO, BY END USER,
2019–2026 (USD MILLION) 127
10.3.7.3.3 By renewables end user 128
TABLE 68 INDUSTRIAL COUNTERWEIGHTS MARKET IN MEXICO, BY RENEWABLES
END USER, 2019–2026 (USD MILLION) 128
10.3.7.4 Rest of North America 128
10.3.7.5 By End User Industry 128
TABLE 69 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF NORTH AMERICA,
BY END USER INDUSTRY, 2019–2026 (USD) 128
10.3.7.6 By Renewables End User Industry 129
TABLE 70 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF NORTH AMERICA,
BY RENEWABLES END USER INDUSTRY, 2019–2026 (USD) 129
10.4 EUROPE 129
10.4.1 BY TYPE 130
TABLE 71 INDUSTRIAL COUNTERWEIGHTS MARKET IN EUROPE, BY TYPE, 2019–2026 (USD MILLION) 130
10.4.2 BY FIXED COUNTERWEIGHT TYPE 130
TABLE 72 INDUSTRIAL COUNTERWEIGHTS MARKET IN EUROPE, BY FIXED COUNTERWEIGHT TYPE, 2019–2026 (USD MILLION) 130
10.4.3 BY MATERIAL 130
TABLE 73 INDUSTRIAL COUNTERWEIGHTS MARKET IN EUROPE, BY MATERIAL,
2019–2026 (USD MILLION) 130
10.4.4 BY APPLICATION 131
TABLE 74 INDUSTRIAL COUNTERWEIGHTS MARKET IN EUROPE, BY APPLICATION, 2019–2026 (USD MILLION) 131
10.4.5 BY END USER 131
TABLE 75 INDUSTRIAL COUNTERWEIGHTS MARKET IN EUROPE, BY END USER,
2019–2026 (USD MILLION) 131
10.4.6 BY RENEWABLES END USER 132
TABLE 76 INDUSTRIAL COUNTERWEIGHTS MARKET IN EUROPE, BY RENEWABLES
END USER, 2019–2026 (USD MILLION) 132
10.4.7 BY COUNTRY 132
TABLE 77 INDUSTRIAL COUNTERWEIGHTS MARKET IN EUROPE, BY COUNTRY,
2019–2026 (USD MILLION) 132
10.4.7.1 Germany 133
10.4.7.1.1 Construction industry driving industrial counterweights market growth in Germany 133
10.4.7.1.2 By end user 133
TABLE 78 INDUSTRIAL COUNTERWEIGHTS MARKET IN GERMANY, BY END USER, 2019–2026 (USD MILLION) 133
10.4.7.1.3 By renewables end user 133
TABLE 79 INDUSTRIAL COUNTERWEIGHTS MARKET IN GERMANY, BY RENWEABLES
END USER, 2019–2026 (USD MILLION) 133
10.4.7.2 UK 134
10.4.7.2.1 Growing marine sector to drive industrial counterweights market growth in UK 134
10.4.7.2.2 By end user 134
TABLE 80 INDUSTRIAL COUNTERWEIGHTS MARKET IN UK, BY END USER,
2019–2026 (USD MILLION) 134
10.4.7.2.3 By renewables end user 135
TABLE 81 INDUSTRIAL COUNTERWEIGHTS MARKET IN UK, BY RENEWABLES END USER, 2019–2026 (USD MILLION) 135
10.4.7.3 France 135
10.4.7.3.1 Flourishing automotive industry to contribute to growth of industrial counterweights market in France 135
10.4.7.3.2 By end user 136
TABLE 82 INDUSTRIAL COUNTERWEIGHTS MARKET IN FRANCE, BY END USER,
2019–2026 (USD MILLION) 136
10.4.7.3.3 By renewables end user 136
TABLE 83 INDUSTRIAL COUNTERWEIGHTS MARKET IN FRANCE, BY RENEWABLES
END USER, 2019–2026 (USD MILLION) 136
10.4.7.4 SPAIN 137
10.4.7.4.1 Demand from construction sector driving market growth
in Spain 137
10.4.7.4.2 By end user 137
TABLE 84 INDUSTRIAL COUNTERWEIGHTS MARKET IN SPAIN, BY END USER,
2019–2026 (USD MILLION) 137
10.4.7.4.3 By renewables end user 138
TABLE 85 INDUSTRIAL COUNTERWEIGHTS MARKET IN SPAIN, BY RENEWABLES
END USER, 2019–2026 (USD MILLION) 138
10.4.7.5 ITALY 138
10.4.7.5.1 Demand from pharmaceuticals industry is supporting market growth 138
10.4.7.5.2 By end user 138
TABLE 86 INDUSTRIAL COUNTERWEIGHTS MARKET IN ITALY, BY END USER,
2019–2026 (USD MILLION) 138
10.4.7.5.3 By renewables end user 139
TABLE 87 INDUSTRIAL COUNTERWEIGHTS MARKET IN ITALY, BY RENWEABLES
END USER, 2019–2026 (USD MILLION) 139
10.4.7.6 REST OF EUROPE 139
10.4.7.6.1 By end user 139
TABLE 88 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF EUROPE, BY END USER, 2019–2026 (USD MILLION) 139
10.4.7.6.2 By renewables end user 140
TABLE 89 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF EUROPE,
BY RENWEABLES END USER, 2019–2026 (USD MILLION) 140
10.5 SOUTH AMERICA 140
10.5.1 BY TYPE 140
TABLE 90 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AMERICA, BY TYPE, 2019–2026 (USD MILLION) 140
10.5.2 BY FIXED COUNTERWEIGHT TYPE 141
TABLE 91 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AMERICA, BY FIXED COUNTERWEIGHT TYPE, 2019–2026 (USD MILLION) 141
10.5.3 BY MATERIAL 141
TABLE 92 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AMERICA, BY MATERIAL, 2019–2026 (USD MILLION) 141
10.5.4 BY APPLICATION 141
TABLE 93 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AMERICA,
BY APPLICATION, 2019–2026 (USD MILLION) 141
10.5.5 BY END USER 142
TABLE 94 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AMERICA, BY END USER, 2019–2026 (USD MILLION) 142
10.5.6 BY RENEWABLES END USER 142
TABLE 95 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AMERICA,
BY RENEWABLES END USER, 2019–2026 (USD MILLION) 142
10.5.7 BY COUNTRY 142
TABLE 96 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AMERICA, BY COUNTRY, 2019–2026 (USD MILLION) 142
10.5.7.1 Brazil 143
10.5.7.1.1 Growing industrial automation to underpin market growth
in Brazil 143
10.5.7.1.2 By end user 143
TABLE 97 INDUSTRIAL COUNTERWEIGHTS MARKET IN BRAZIL, BY END USER,
2019–2026 (USD MILLION) 143
10.5.7.1.3 By renewables end user 144
TABLE 98 INDUSTRIAL COUNTERWEIGHTS MARKET IN BRAZIL, BY RENEWABLES
END USER, 2019–2026 (USD MILLION) 144
10.5.7.2 Argentina 144
10.5.7.2.1 Investments in oil and gas industry to fuel demand for industrial counterweights in Argentina 144
10.5.7.2.2 By end user 144
TABLE 99 INDUSTRIAL COUNTERWEIGHTS MARKET IN ARGENTINA, BY END USER, 2019–2026 (USD MILLION) 144
10.5.7.2.3 By renewables end user 145
TABLE 100 INDUSTRIAL COUNTERWEIGHTS MARKET IN ARGENTINA, BY RENEWABLES END USER, 2019–2026 (USD MILLION) 145
10.5.7.3 Rest of South America 145
10.5.7.3.1 By end user 145
TABLE 101 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF SOUTH AMERICA,
BY END USER, 2019–2026 (USD MILLION) 145
10.5.7.3.2 By renewables end user 146
TABLE 102 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF SOUTH AMERICA,
BY RENEWABLES END USER, 2019–2026 (USD MILLION) 146
10.5.7.4 CHILE 146
10.5.7.4.1 Construction and petrochemicals industries substantiate demand for counterweights in Chile 146
10.5.7.4.2 By end user 147
TABLE 103 INDUSTRIAL COUNTERWEIGHTS MARKET IN CHILE, BY END USER,
2019–2026 (USD MILLION) 147
10.5.7.4.3 By renewables end user 147
TABLE 104 INDUSTRIAL COUNTERWEIGHTS MARKET IN CHILE, BY RENEWABLES
END USER, 2019–2026 (USD MILLION) 147
10.6 MIDDLE EAST & AFRICA 148
10.6.1 BY TYPE 148
TABLE 105 INDUSTRIAL COUNTERWEIGHTS MARKET IN MIDDLE EAST & AFRICA,
BY TYPE, 2019–2026 (USD MILLION) 148
10.6.2 BY FIXED COUNTERWEIGHT TYPE 148
TABLE 106 INDUSTRIAL COUNTERWEIGHTS MARKET IN MIDDLE EAST & AFRICA,
BY FIXED COUNTERWEIGHT TYPE, 2019–2026 (USD MILLION) 148
10.6.3 BY MATERIAL 149
TABLE 107 INDUSTRIAL COUNTERWEIGHTS MARKET IN MIDDLE EAST & AFRICA,
BY MATERIAL, 2019–2026 (USD MILLION) 149
10.6.4 BY APPLICATION 149
TABLE 108 INDUSTRIAL COUNTERWEIGHTS MARKET IN MIDDLE EAST & AFRICA,
BY APPLICATION, 2019–2026 (USD MILLION) 149
10.6.5 BY END USER 150
TABLE 109 INDUSTRIAL COUNTERWEIGHTS MARKET IN MIDDLE EAST & AFRICA,
BY END USER, 2019–2026 (USD MILLION) 150
10.6.6 BY RENEWABLES END USER 150
TABLE 110 INDUSTRIAL COUNTERWEIGHTS MARKET IN MIDDLE EAST & AFRICA,
BY RENWEABLES END USER, 2019–2026 (USD MILLION) 150
10.6.7 BY COUNTRY 150
TABLE 111 INDUSTRIAL COUNTERWEIGHTS MARKET IN MIDDLE EAST & AFRICA,
BY COUNTRY, 2019–2026 (USD MILLION) 150
10.6.7.1 Saudi Arabia 151
10.6.7.1.1 Construction industry supports market growth in
Saudi Arabia 151
10.6.7.1.2 By end user 151
TABLE 112 INDUSTRIAL COUNTERWEIGHTS MARKET IN SAUDI ARABIA, BY END USER, 2019–2026 (USD MILLION) 151
10.6.7.1.3 By renewables end user 152
TABLE 113 INDUSTRIAL COUNTERWEIGHTS MARKET IN SAUDI ARABIA, BY RENEWABLES END USER, 2019–2026 (USD MILLION) 152
10.6.7.2 UAE 152
10.6.7.2.1 Infrastructural development projects boost demand for industrial counterweights in UAE 152
10.6.7.2.2 By end user 153
TABLE 114 INDUSTRIAL COUNTERWEIGHTS MARKET IN UAE, BY END USER,
2019–2026 (USD MILLION) 153
10.6.7.2.3 By renewables end user 153
TABLE 115 INDUSTRIAL COUNTERWEIGHTS MARKET IN UAE, BY RENEWABLES END USER, 2019–2026 (USD MILLION) 153
10.6.7.3 South Africa 154
10.6.7.3.1 Flourishing mining industry to contribute to growth of industrial counterweights market in South Africa 154
10.6.7.3.2 By end user 154
TABLE 116 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AFRICA, BY END USER, 2019–2026 (USD MILLION) 154
10.6.7.3.3 By renewables end user 154
TABLE 117 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AFRICA, BY RENEWABLES END USER, 2019–2026 (USD MILLION) 154
10.6.7.4 IRAN 155
10.6.7.4.1 Oil & gas and manufacturing sector in Iran to augment counterweight implementation during forecast period 155
10.6.7.4.2 By end user 155
TABLE 118 INDUSTRIAL COUNTERWEIGHTS MARKET IN IRAN, BY END USER, 2019–2026 (USD MILLION MILLION) 155
10.6.7.4.3 By renewables end user 156
TABLE 119 INDUSTRIAL COUNTERWEIGHTS MARKET IN IRAN, BY RENEWABLES END USER, 2019–2026 (USD MILLION) 156
10.6.7.5 REST OF MIDDLE EAST & AFRICA 156
10.6.7.5.1 By end user 156
TABLE 120 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF MIDDLE EAST & AFRICA, BY END USER, 2019–2026 (USD MILLION) 156
10.6.7.5.2 By renewables end user 157
TABLE 121 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF MIDDLE EAST & AFRICA, BY RENEWABLES END USER, 2019–2026 (USD MILLION) 157
11 COMPETITIVE LANDSCAPE 158
11.1 KEY PLAYER STRATEGIES 158
TABLE 122 OVERVIEW OF TOP MARKET PLAYERS, JANUARY 2017– JULY 2021 158
11.2 MARKET ANALYSIS OF TOP FIVE PLAYERS 159
TABLE 123 INDUSTRIAL COUNTERWEIGHTS MARKET: RANK 159
FIGURE 39 INDUSTRIAL COUNTERWEIGHTS MARKET SHARE ANALYSIS, 2020 160
11.3 MARKET EVALUATION FRAMEWORK 160
TABLE 124 MARKET EVALUATION FRAMEWORK 160
11.4 COMPANY EVALUATION QUADRANT 162
11.4.1 STAR 162
11.4.2 EMERGING LEADER 162
11.4.3 PERVASIVE 162
11.4.4 PARTICIPANT 162
FIGURE 40 COMPETITIVE LEADERSHIP MAPPING: INDUSTRIAL COUNTERWEIGHT MARKET, 2019 163
TABLE 125 COMPANY FOOTPRINT 164
TABLE 126 COMPANY TYPE FOOTPRINT 165
TABLE 127 COMPANY MATERIAL FOOTPRINT 166
TABLE 128 COMPANY APPLICATION FOORPRINT 167
TABLE 129 COMPANY END USER FOOTPRINT 168
TABLE 130 COMPANY REGION FOOTPRINT 169
11.5 COMPETITIVE SCENARIO 171
TABLE 131 INDUSTRIAL COUNTERWEIGHTS MARKET: PRODUCT LAUNCHES, JANUARY 2017– JULY 2021 171
TABLE 132 INDUSTRIAL COUNTERWEIGHTS MARKET: DEALS, JANUARY 2017–JULY 2021 171
TABLE 133 INDUSTRIAL COUNTERWEIGHTS MARKET: OTHER DEVELOPMENTS,
JANUARY 2017–JULY 2021 173
12 COMPANY PROFILES 174
12.1 INTRODUCTION 174
(Business overview, Products/solutions/services offered, Recent Developments, SWOT Analysis,
MNM view)*
12.2 MAJOR PLAYERS 174
12.2.1 FMGC, FARINIA GROUP 174
TABLE 134 FMGC, FARINIA GROUP: COMPANY OVERVIEW 174
TABLE 135 FMGC, FARINIA GROUP: PRODUCTS/SOLUTIONS OFFERED 175
TABLE 136 FMGC, FARINIA GROUP: DEALS, JANUARY 2017–JULY 2021 175
FIGURE 41 FMGC FARINIA GROUP: SWOT ANALYSIS 176
12.2.2 SIC LAZARO 178
TABLE 137 SIC LAZARO: COMPANY OVERVIEW 178
TABLE 138 SIC LAZARO: PRODUCTS/SOLUTIONS OFFERED 178
TABLE 139 SIC LAZARO: DEALS, JANUARY 2017–JULY 2021 179
FIGURE 42 SIC LAZARO (US): SWOT ANALYSIS 179
12.2.3 CRESCENT FOUNDRY 181
TABLE 140 CRESCENT FOUNDRY: COMPANY OVERVIEW 181
TABLE 141 CRESCENT FOUNDRY: PRODUCTS/SOLUTIONS OFFERED 181
TABLE 142 CRESCENT FOUNDRY: OTHERS, JANUARY 2017–JULY 2021 182
FIGURE 43 CRESCENT FOUNDRY (INDIA): SWOT ANALYSIS 182
12.2.4 GALLIZO 184
TABLE 143 GALLIZO: COMPANY OVERVIEW 184
TABLE 144 GALLIZO: PRODUCTS/SOLUTIONS OFFERED 184
TABLE 145 GALLIZO: DEALS, JULY 2017–AUGUST 2017 185
TABLE 146 GALLIZO: OTHER DEVELOPMENTS, JANUARY 2017–JULY 2021 185
FIGURE 44 GALIZO: SWOT ANALYSIS 186
12.2.5 MARS METAL 187
TABLE 147 MARS METAL: COMPANY OVERVIEW 187
TABLE 148 MARS METAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 188
FIGURE 45 MARS METAL: SWOT ANALYSIS 189
12.2.6 ULTRARAY METALS 191
TABLE 149 ULTRARAY METALS: COMPANY OVERVIEW 191
TABLE 150 ULTRARAY METALS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 191
TABLE 151 ULTRARAY METALS: PRODUCT LAUNCHES, JANUARY 2017–JULY 2021 192
TABLE 152 ULTRARAY METALS: DEALS, JANUARY 2017–JULY 2021 192
12.2.7 ISC 193
TABLE 153 ISC: COMPANY OVERVIEW 193
TABLE 154 ISC: PRODUCT LAUNCHES, JANUARY 2017–JULY 2021 193
TABLE 155 ISC: OTHER DEVELOPMENTS, JANUARY 2017–JULY 2021 193
12.2.8 VIETNAM CAST IRON 194
TABLE 156 VIETNAM CAST IRON: COMPANY OVERVIEW 194
TABLE 157 VIETNAM CAST IRON: PRODUCTS/SOLUTIONS/SERVICES OFFERED 194
12.2.9 AGESCAN INTERNATIONAL INC. 196
TABLE 158 AGESCAN INTERNATIONAL INC.: COMPANY OVERVIEW 196
TABLE 159 AGESCAN INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 196
12.2.10 AMAC ALLOYS 197
TABLE 160 AMAC ALLOYS: COMPANY OVERVIEW 197
TABLE 161 AMAC ALLOYS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 197
TABLE 162 AMAC ALLOYS: DEALS, FEBRUARY 2017– JANUARY 2017–JULY 2021 197
12.2.11 MAX IRON 198
TABLE 163 MAX IRON: COMPANY OVERVIEW 198
TABLE 164 MAX IRON: PRODUCTS/SOLUTIONS/SERVICES OFFERED 198
TABLE 165 MAX IRON: DEALS, JANUARY 2017–JULY 2021 198
12.2.12 LKAB MINERALS 200
TABLE 166 LKAB MINERALS: COMPANY OVERVIEW 200
TABLE 167 LKAB MINERALS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 200
12.2.13 KONSTANTA 201
TABLE 168 KONSTANTA: COMPANY OVERVIEW 201
TABLE 169 KONSTANTA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 201
12.2.14 EDGETECH INDUSTRIES LLC 202
TABLE 170 EDGETECH INDUSTRIES LLC: COMPANY OVERVIEW 202
TABLE 171 EDGETECH INDUSTRIES LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 202
12.2.15 SIC LAZARO INDUSTRIAL 203
TABLE 172 SIC LAZARO INDUSTRIAL: COMPANY OVERVIEW 203
TABLE 173 SIC LAZARO INDUSTRIAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 203
12.2.16 SHANXI HUAXIANG GROUP CO. LTD. 204
TABLE 174 SHANXI HUAXIANG GROUP CO. LTD.: COMPANY OVERVIEW 204
TABLE 175 SHANXI HUAXIANG GROUP CO LTD.: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 204
12.2.17 TENWINKEL GMBH & CO. KG 205
TABLE 176 TENWINKEL GMBH & CO. KG: COMPANY OVERVIEW 205
TABLE 177 TENWINKEL GMBH & CO. KG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 205
12.2.18 BETONFERTIGTEILE ERNST BINDER GMBH 206
TABLE 178 BETONFERTIGTEILE ERNST BINDER GMBH: COMPANY OVERVIEW 206
TABLE 179 BETONFERTIGTEILE ERNST BINDER GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 206
12.2.19 FRANS PATEER B.V. 207
TABLE 180 FRANS PATEER B.V.: COMPANY OVERVIEW 207
TABLE 181 FRANS PATEER B.V.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 207
12.2.20 CASTING QUALITY 208
TABLE 182 CASTING QUALITY: COMPANY OVERVIEW 208
TABLE 183 FRANS PATEER B.V.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 208
12.2.21 SIC LAZARO POLSKA 209
TABLE 184 SIC LAZARO POLSKA: COMPANY OVERVIEW 209
TABLE 185 SIC LAZARO POLSKA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 209
12.2.22 MESSERSCHMIDT INDUSTRIEDESIGN 210
TABLE 186 MESSERSCHMIDT INDUSTRIEDESIGN: COMPANY OVERVIEW 210
TABLE 187 MESSERSCHMIDT INDUSTRIEDESIGN: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 210
12.2.23 BRUCKERT BETON GMBH 211
TABLE 188 BRUCKERT BETON GMBH: COMPANY OVERVIEW 211
TABLE 189 BRUCKERT BETON GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 211
12.2.24 SO ME FER SRL 212
TABLE 190 SO ME FER SRL: COMPANY OVERVIEW 212
12.2.25 VALSUSA SAS 213
TABLE 191 VALSUSA SAS: COMPANY OVERVIEW 213
*Details on Business overview, Products/solutions/services offered, Recent Developments, SWOT Analysis, MNM view might not be captured in case of unlisted companies.
13 APPENDIX 214
13.1 INSIGHTS OF INDUSTRY EXPERTS 214
13.2 DISCUSSION GUIDE 215
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 219
13.4 AVAILABLE CUSTOMIZATIONS 221
13.5 RELATED REPORTS 221
13.6 AUTHOR DETAILS 222
1 INTRODUCTION 32
1.1 STUDY OBJECTIVES 32
1.2 MARKET DEFINITION 32
1.3 INCLUSIONS AND EXCLUSIONS 33
1.3.1 INDUSTRIAL COUNTERWEIGHTS MARKET, BY MATERIAL: INCLUSIONS
AND EXCLUSIONS 33
1.3.2 INDUSTRIAL COUNTERWEIGHTS MARKET, BY END USER: INCLUSIONS
AND EXCLUSIONS 33
1.4 STUDY SCOPE 34
1.4.1 MARKETS COVERED 34
1.4.2 REGIONAL SCOPE 34
1.4.3 YEARS CONSIDERED 35
1.5 CURRENCY 35
1.6 LIMITATIONS 35
1.7 STAKEHOLDERS 36
2 RESEARCH METHODOLOGY 37
2.1 RESEARCH DATA 37
FIGURE 1 INDUSTRIAL COUNTERWEIGHTS MARKET: RESEARCH DESIGN 37
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 38
FIGURE 2 DATA TRIANGULATION METHODOLOGY 38
2.2.1 SECONDARY DATA 39
2.2.1.1 Key data from secondary sources 39
2.2.2 PRIMARY DATA 39
2.2.2.1 Key data from primary sources 40
2.2.2.2 Breakdown of primaries 40
2.3 IMPACT OF COVID-19 ON INDUSTRY 41
2.4 SCOPE 42
FIGURE 3 MAIN METRICS CONSIDERED WHILE ANALYZING AND ASSESSING DEMAND FOR INDUSTRIAL COUNTERWEIGHTS 42
2.5 MARKET SIZE ESTIMATION 42
2.5.1 BOTTOM-UP APPROACH 43
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 43
2.5.2 TOP-DOWN APPROACH 44
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 44
2.5.3 DEMAND-SIDE ANALYSIS 45
2.5.3.1 Regional analysis 45
2.5.3.2 Country analysis 46
2.5.3.3 Assumptions for demand side 46
2.5.3.4 Calculation for demand side 46
FIGURE 6 KEY STEPS CONSIDERED FOR ASSESSING DEMAND OF INDUSTRIAL COUNTERWEIGHTS 47
FIGURE 7 INDUSTRIAL COUNTERWEIGHTS MARKET: DEMAND-SIDE ANALYSIS 47
2.5.4 FORECAST 48
3 EXECUTIVE SUMMARY 49
TABLE 1 SNAPSHOT OF INDUSTRIAL COUNTERWEIGHTS MARKET 49
FIGURE 8 FIXED COUNTERWEIGHTS TO ACCOUNT FOR LARGER SHARE OF INDUSTRIAL COUNTERWEIGHTS MARKET, BY TYPE, DURING FORECAST PERIOD 50
FIGURE 9 IRON & STEEL SEGMENT, BY MATERIAL, TO LEAD INDUSTRIAL COUNTERWEIGHTS MARKET DURING FORECAST PERIOD 51
FIGURE 10 CONSTRUCTION SEGMENT TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF INDUSTRIAL COUNTERWEIGHTS MARKET, BY END USER, DURING FORECAST PERIOD 51
FIGURE 11 CRANES TO ACCOUNT FOR LARGEST SIZE OF INDUSTRIAL COUNTERWEIGHTS MARKET, BY APPLICATION, DURING FORECAST PERIOD 52
FIGURE 12 INDUSTRIAL COUNTERWEIGHTS MARKET IN ASIA PACIFIC TO EXHIBIT HIGHEST CAGR DURING 2021–2026 53
4 PREMIUM INSIGHTS 54
4.1 ATTRACTIVE OPPORTUNITIES IN INDUSTRIAL COUNTERWEIGHTS MARKET 54
FIGURE 13 INCREASING INVESTMENTS IN CONSTRUCTION AND MATERIAL HANDLING EQUIPMENT TO DRIVE INDUSTRIAL COUNTERWEIGHTS MARKET GROWTH DURING 2021–2026 54
4.2 INDUSTRIAL COUNTERWEIGHTS MARKET, BY REGION 55
FIGURE 14 INDUSTRIAL COUNTERWEIGHTS MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 55
4.3 INDUSTRIAL COUNTERWEIGHTS MARKET, BY END USER AND COUNTRY 56
FIGURE 15 CONSTRUCTION SEGMENT AND CHINA HELD LARGEST SHARES OF INDUSTRIAL COUNTERWEIGHTS MARKET IN APAC IN 2020 56
4.4 INDUSTRIAL COUNTERWEIGHTS MARKET, BY TYPE 57
FIGURE 16 FIXED COUNTERWEIGHTS SEGMENT HELD LARGER SHARE OF INDUSTRIAL COUNTERWEIGHTS MARKET IN 2020 57
4.5 INDUSTRIAL COUNTERWEIGHTS MARKET, BY MATERIAL 57
FIGURE 17 IRON & STEEL SEGMENT HELD LARGEST SHARE OF INDUSTRIAL COUNTERWEIGHTS MARKET IN 2020 57
4.6 INDUSTRIAL COUNTERWEIGHTS MARKET, BY END USER 58
FIGURE 18 CONSTRUCTION SEGMENT HELD LARGEST SHARE OF INDUSTRIAL COUNTERWEIGHTS MARKET IN 2020 58
4.7 INDUSTRIAL COUNTERWEIGHTS MARKET, BY APPLICATION 58
FIGURE 19 CRANES SEGMENT HELD LARGEST SHARE OF INDUSTRIAL COUNTERWEIGHTS MARKET IN 2020 58
5 MARKET OVERVIEW 59
5.1 INTRODUCTION 59
5.2 COVID-19 HEALTH ASSESSMENT 59
FIGURE 20 COVID-19 GLOBAL PROPAGATION 60
FIGURE 21 COVID-19 PROPAGATION IN SELECTED COUNTRIES 60
5.3 ROAD TO RECOVERY 61
FIGURE 22 RECOVERY ROAD FOR 2020 AND 2021 61
5.4 COVID-19 ECONOMIC ASSESSMENT 62
FIGURE 23 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2020 62
5.5 MARKET DYNAMICS 63
FIGURE 24 INDUSTRIAL COUNTERWEIGHTS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 63
5.5.1 DRIVERS 63
5.5.1.1 Increasing demand for cast-iron counterweights for off-highway equipment applications 63
5.5.1.2 Soaring demand for counterweights in material handling operations, majorly in manufacturing and logistics industries 64
5.5.1.3 Rising demand for heavy machinery from construction sector will propel the demand for counterweights 64
5.5.2 RESTRAINTS 64
5.5.2.1 Stringent government regulations restricting use of lead counterweights 64
5.5.2.2 Varying cost of counterweights by material restricting use of proper counterweights in different applications 65
5.5.3 OPPORTUNITIES 65
5.5.3.1 Generation of additional demand for material handling equipment
by booming retail sector 65
FIGURE 25 GLOBAL RETAIL SALES, 2019 (USD BILLION) 66
5.5.4 CHALLENGES 66
5.5.4.1 Trimmed demand from end-use industries due to COVID-19 66
5.5.4.2 Increasing raw material prices 66
5.6 TRENDS 67
5.6.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR INDUSTRIAL COUNTERWEIGHT MANUFACTURERS 67
FIGURE 26 REVENUE SHIFT FOR INDUSTRIAL COUNTERWEIGHT 67
5.7 PRICING ANALYSIS 67
TABLE 2 PRICING ANALYSIS OF INDUSTRIAL COUNTERWEIGHTS 67
5.8 MARKET MAP 68
FIGURE 27 MARKET MAP FOR INDUSTRIAL COUNTERWEIGHTS 68
TABLE 3 INDUSTRIAL COUNTERWEIGHTS: ECOSYSTEM 69
5.9 VALUE CHAIN ANALYSIS 70
FIGURE 28 INDUSTRIAL COUNTERWEIGHTS VALUE CHAIN ANALYSIS 70
5.9.1 RAW MATERIAL PROVIDERS/SUPPLIERS 70
5.9.2 MANUFACTURERS/ASSEMBLERS 71
5.9.3 DISTRIBUTORS (BUYERS)/END USERS 71
5.10 TECHNOLOGY ANALYSIS 71
5.10.1 INDUSTRIAL COUNTERWEIGHTS BASED ON DIFFERENT TECHNOLOGIES 71
5.11 INDUSTRIAL COUNTERWEIGHTS: CODES AND REGULATIONS 72
TABLE 4 INDUSTRIAL COUNTERWEIGHTS: CODES AND REGULATIONS 72
5.12 INNOVATIONS AND PATENT REGISTRATIONS 72
TABLE 5 INDUSTRIAL COUNTERWEIGHTS: INNOVATIONS AND PATENT REGISTRATIONS 72
5.13 PORTER’S FIVE FORCES ANALYSIS 73
FIGURE 29 PORTER’S FIVE FORCES ANALYSIS FOR INDUSTRIAL COUNTERWEIGHTS MARKET 73
TABLE 6 INDUSTRIAL COUNTERWEIGHTS: PORTER’S FIVE FORCES ANALYSIS 73
5.13.1 THREAT OF SUBSTITUTES 74
5.13.2 BARGAINING POWER OF SUPPLIERS 74
5.13.3 BARGAINING POWER OF BUYERS 74
5.13.4 THREAT OF NEW ENTRANTS 74
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 75
5.14 CASE STUDY ANALYSIS 75
5.14.1 COUNTERWEIGHT REPLACEMENT IN KOGERPOLDERBRIDGE (NORTHERN HOLLAND PROVINCE) 75
5.14.2 COUNTERWEIGHT FOR RACING CAR (FORMULA 1) 75
6 INDUSTRIAL COUNTERWEIGHTS MARKET, BY TYPE 76
6.1 INTRODUCTION 77
FIGURE 30 INDUSTRIAL COUNTERWEIGHTS MARKET, BY TYPE, 2020 (%) 77
FIGURE 31 FIXED INDUSTRIAL COUNTERWEIGHTS MARKET, BY TYPE, 2020 (%) 77
TABLE 7 INDUSTRIAL COUNTERWEIGHTS MARKET, BY TYPE,
2019–2026 (USD MILLION) 78
TABLE 8 INDUSTRIAL COUNTERWEIGHTS MARKET, BY FIXED COUNTERWEIGHTS TYPE, 2019–2026 (USD MILLION) 78
6.2 SWINGING COUNTERWEIGHTS 78
6.2.1 CONSTRUCTION INDUSTRY DRIVES SWINGING COUNTERWEIGHTS
MARKET GROWTH 78
TABLE 9 SWINGING INDUSTRIAL COUNTERWEIGHTS MARKET, BY REGION,
2019–2026 (USD MILLION) 79
6.3 FIXED COUNTERWEIGHTS 79
6.3.1 LOGISTICS, AGRICULTURE, AND MINING INDUSTRIES ACCELERATE FIXED COUNTERWEIGHTS MARKET GROWTH 79
TABLE 10 FIXED INDUSTRIAL COUNTERWEIGHTS MARKET, BY REGION,
2019–2026 (USD MILLION) 80
TABLE 11 FIXED FRAME INDUSTRIAL COUNTERWEIGHTS MARKET, BY REGION,
2019–2026 (USD MILLION) 80
TABLE 12 FLOATING FRAME INDUSTRIAL COUNTERWEIGHTS MARKET, BY REGION, 2019–2026 (USD MILLION) 81
7 INDUSTRIAL COUNTERWEIGHTS MARKET, BY MATERIAL 82
7.1 INTRODUCTION 83
FIGURE 32 INDUSTRIAL COUNTERWEIGHTS MARKET, BY MATERIAL, 2020 (%) 83
TABLE 13 INDUSTRIAL COUNTERWEIGHTS MARKET SIZE, BY MATERIAL,
2019–2026 (USD MILLION) 83
7.2 IRON & STEEL 84
7.2.1 IRON & STEEL ARE WIDELY USED MATERIALS FOR MANUFACTURING COUNTERWEIGHTS 84
TABLE 14 INDUSTRIAL COUNTERWEIGHTS MARKET FOR IRON & STEEL, BY REGION, 2019–2026 (USD MILLION) 84
7.3 CONCRETE 85
7.3.1 DEMAND FOR CONCRETE COUNTERWEIGHTS IS DRIVEN BY CONSTRUCTION INDUSTRY 85
TABLE 15 INDUSTRIAL COUNTERWEIGHTS MARKET FOR CONCRETE, BY REGION, 2019–2026 (USD MILLION) 85
7.4 OTHERS 86
TABLE 16 INDUSTRIAL COUNTERWEIGHTS MARKET FOR OTHERS, BY REGION,
2019–2026 (USD MILLION) 86
8 INDUSTRIAL COUNTERWEIGHTS MARKET, BY APPLICATION 87
8.1 INTRODUCTION 88
FIGURE 33 INDUSTRIAL COUNTERWEIGHTS MARKET, BY APPLICATION, 2020 (%) 88
TABLE 17 INDUSTRIAL COUNTERWEIGHTS MARKET SIZE, BY APPLICATION,
2019–2026 (USD MILLION) 88
8.2 ELEVATORS 89
8.2.1 COUNTERWEIGHTS MADE UP OF IRON AND STEEL ALLOYS ARE GENERALLY USED FOR APPLICATIONS IN ELEVATORS 89
TABLE 18 INDUSTRIAL COUNTERWEIGHTS MARKET FOR ELEVATORS, BY REGION, 2019–2026 (USD MILLION) 89
8.3 CRANES 90
8.3.1 IN HEIGHTENED DEMAND FOR CRANES IN CONSTRUCTION ACTIVITIES IS FUELING GROWTH OF CRANES SEGMENT 90
TABLE 19 INDUSTRIAL COUNTERWEIGHTS MARKET FOR CRANES, BY REGION,
2019–2026 (USD MILLION) 90
8.4 FORKLIFTS 91
8.4.1 SURGING DEMAND FOR FORKLIFTS IN MANUFACTURING AND WAREHOUSING OPERATIONS IS SUPPORTING GROWTH OF FORKLIFTS SEGMENT 91
TABLE 20 INDUSTRIAL COUNTERWEIGHTS MARKET FOR FORKLIFTS, BY REGION, 2019–2026 (USD MILLION) 91
8.5 EXCAVATORS 92
8.5.1 RISING DEMAND FOR EXCAVATORS IN INFRASTRUCTURE DEVELOPMENT ACTIVITIES IS MOTIVATING GROWTH OF EXCAVATORS SEGMENT 92
TABLE 21 INDUSTRIAL COUNTERWEIGHTS MARKET FOR EXCAVATOR, BY REGION, 2019–2026 (USD MILLION) 92
8.6 LIFTS 93
8.6.1 INTENSIFYING FOCUS ON ENSURING STABILITY IN OPERATIONS IS FUELING DEMAND FOR COUNTERWEIGHTS FOR APPLICATIONS IN LIFTS 93
TABLE 22 INDUSTRIAL COUNTERWEIGHTS MARKET FOR LIFT, BY REGION,
2019–2026 (USD MILLION) 93
8.7 GRINDING WHEELS 94
8.7.1 DEPLOYMENT OF INNOVATIVE GRINDING WHEELS IN AUTOMOTIVE AND AEROSPACE INDUSTRIES IS GENERATING DEMAND FOR COUNTERWEIGHTS 94
TABLE 23 INDUSTRIAL COUNTERWEIGHTS MARKET FOR GRINDING WHEELS,
BY REGION, 2019–2026 (USD MILLION) 94
8.8 OTHERS 95
TABLE 24 INDUSTRIAL COUNTERWEIGHTS MARKET FOR OTHERS, BY REGION,
2019–2026 (USD MILLION) 95
9 INDUSTRIAL COUNTERWEIGHTS MARKET, BY END USER 96
9.1 INTRODUCTION 97
FIGURE 34 INDUSTRIAL COUNTERWEIGHTS MARKET, BY END USER, 2020 (%) 97
TABLE 25 INDUSTRIAL COUNTERWEIGHTS MARKET SIZE, BY END USER,
2019–2026 (USD MILLION) 97
9.2 INDUSTRIAL MANUFACTURING 98
9.2.1 DEMAND FROM AUTOMOTIVE AND OIL & GAS INDUSTRIES DRIVE GROWTH OF INDUSTRIAL MANUFACTURING SEGMENT 98
TABLE 26 INDUSTRIAL COUNTERWEIGHTS MARKET FOR INDUSTRIAL MANUFACTURING, BY REGION, 2019–2026 (USD MILLION) 98
9.3 MARINE 99
9.3.1 GROWTH OF MARINE SEGMENT IS DRIVEN BY ADOPTION OF CRANES
IN SHIPPING AND MATERIAL HANDLING INDUSTRIES 99
TABLE 27 INDUSTRIAL COUNTERWEIGHTS MARKET FOR MARINE, BY REGION,
2019–2026 (USD MILLION) 99
9.4 CONSTRUCTION 99
9.4.1 GROWTH OF CONSTRUCTION SEGMENT IS FUELED BY SURGING DEMAND FOR TOWER CRANES IN CONSTRUCTION PROJECTS 99
TABLE 28 INDUSTRIAL COUNTERWEIGHTS MARKET FOR CONSTRUCTION, BY REGION, 2019–2026 (USD MILLION) 100
9.5 MINING 100
9.5.1 ADOPTION OF ROUGH TERRAIN AND ALL-TERRAIN CRANES FOR SURFACE AND SUB-SURFACE MINING ACTIVITIES TO SUPPORT GROWTH OF MINING SEGMENT 100
TABLE 29 INDUSTRIAL COUNTERWEIGHTS MARKET FOR MINING, BY REGION,
2019–2026 (USD MILLION) 101
9.6 AGRICULTURE 101
9.6.1 ADOPTION OF MODERN EQUIPMENT IN AGRICULTURE INDUSTRY CATALYZING GROWTH OF AGRICULTURE SEGMENT 101
TABLE 30 INDUSTRIAL COUNTERWEIGHTS MARKET FOR AGRICULTURE, BY REGION, 2019–2026 (USD MILLION) 101
9.7 RENEWABLES 102
9.7.1 GROWING DEMAND FOR COUNTERWEIGHTS FROM WIND INDUSTRY
TO BOOST GROWTH OF RENEWABLES SEGMENT 102
TABLE 31 INDUSTRIAL COUNTERWEIGHTS MARKET SIZE, BY RENEWABLES END USER, 2019–2026 (USD MILLION) 102
TABLE 32 INDUSTRIAL COUNTERWEIGHTS MARKET FOR RENEWABLES, BY REGION, 2019–2026 (USD MILLION) 102
TABLE 33 INDUSTRIAL COUNTERWEIGHTS MARKET FOR WIND TURBINES IN RENEWABLES, BY REGION, 2019–2026 (USD MILLION) 103
TABLE 34 INDUSTRIAL COUNTERWEIGHTS MARKET FOR OTHERS IN RENEWABLES,
BY REGION, 2019–2026 (USD MILLION) 103
9.8 LOGISTICS 104
9.8.1 EXPANDING E-COMMERCE INDUSTRY MOTIVATING GROWTH OF
LOGISTICS SEGMENT 104
TABLE 35 INDUSTRIAL COUNTERWEIGHTS MARKET FOR LOGISTICS, BY REGION, 2019–2026 (USD MILLION) 104
10 REGIONAL ANALYSIS 105
10.1 INTRODUCTION 106
FIGURE 35 INDUSTRIAL COUNTERWEIGHTS MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 106
FIGURE 36 INDUSTRIAL COUNTERWEIGHTS MARKET SHARE, BY REGION, 2020 (%) 107
TABLE 36 GLOBAL INDUSTRIAL COUNTERWEIGHTS MARKET SIZE, BY REGION,
2019–2026 (USD MILLION) 107
10.2 ASIA PACIFIC 108
FIGURE 37 SNAPSHOT: INDUSTRIAL COUNTERWEIGHTS MARKET IN ASIA PACIFIC 109
10.2.1 BY TYPE 110
TABLE 37 INDUSTRIAL COUNTERWEIGHTS MARKET IN ASIA PACIFIC, BY TYPE,
2019–2026 (USD MILLION) 110
10.2.2 BY FIXED COUNTERWEIGHT TYPE 110
TABLE 38 INDUSTRIAL COUNTERWEIGHTS MARKET IN ASIA PACIFIC, FIXED COUNTERWEIGHT TYPE, 2019–2026 (USD MILLION) 110
10.2.3 BY MATERIAL 110
TABLE 39 INDUSTRIAL COUNTERWEIGHTS MARKET IN ASIA PACIFIC, BY MATERIAL, 2019–2026 (USD MILLION) 110
10.2.4 BY APPLICATION 111
TABLE 40 INDUSTRIAL COUNTERWEIGHTS MARKET IN ASIA PACIFIC, BY APPLICATION, 2019–2026 (USD MILLION) 111
10.2.5 BY END USER 111
TABLE 41 INDUSTRIAL COUNTERWEIGHTS MARKET IN ASIA PACIFIC, BY END USER, 2019–2026 (USD MILLION) 111
10.2.6 BY RENEWABLES END USER 112
TABLE 42 INDUSTRIAL COUNTERWEIGHTS MARKET IN ASIA PACIFIC, BY RENEWABLES END USER, 2019–2026 (USD MILLION) 112
10.2.7 BY COUNTRY 112
TABLE 43 INDUSTRIAL COUNTERWEIGHTS MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2026 (USD MILLION) 112
10.2.7.1 CHINA 113
10.2.7.1.1 China to dominate market in APAC during forecast period 113
10.2.7.1.2 By end user 113
TABLE 44 INDUSTRIAL COUNTERWEIGHTS MARKET IN CHINA, BY END USER,
2019–2026 (USD MILLION) 113
10.2.7.1.3 By renewables end user 113
TABLE 45 INDUSTRIAL COUNTERWEIGHTS MARKET IN CHINA, BY RENEWABLES
END USER, 2019–2026 (USD MILLION) 113
10.2.7.2 JAPAN 114
10.2.7.2.1 Expanding industrial and manufacturing sectors to boost market growth in Japan 114
10.2.7.2.2 By end user 114
TABLE 46 INDUSTRIAL COUNTERWEIGHTS MARKET IN JAPAN, BY END USER,
2019–2026 (USD MILLION) 114
10.2.7.2.3 By renewables end user 115
TABLE 47 INDUSTRIAL COUNTERWEIGHTS MARKET IN JAPAN, BY RENEWABLES
END USER, 2019–2026 (USD MILLION) 115
10.2.7.3 INDIA 115
10.2.7.3.1 Market in India to revolutionize water and wastewater industry 115
10.2.7.3.2 By end user 116
TABLE 48 INDUSTRIAL COUNTERWEIGHTS MARKET IN INDIA, BY END USER,
2019–2026 (USD MILLION) 116
10.2.7.3.3 By renewables end user 116
TABLE 49 INDUSTRIAL COUNTERWEIGHTS MARKET IN INDIA, BY RENEWABLES
END USER, 2019–2026 (USD MILLION) 116
10.2.7.4 SOUTH KOREA 117
10.2.7.4.1 Manufacturing applications fostering market growth in South Korea 117
10.2.7.4.2 By end user 117
TABLE 50 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH KOREA, BY END USER, 2019–2026 (USD MILLION) 117
10.2.7.4.3 By renewables end user 117
TABLE 51 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH KOREA, BY RENEWABLES END USER, 2019–2026 (USD MILLION) 117
10.2.7.5 AUSTRALIA 118
10.2.7.5.1 Demand from mining industry to substantiate market growth in Australia 118
10.2.7.5.2 By end user 118
TABLE 52 INDUSTRIAL COUNTERWEIGHTS MARKET IN AUSTRALIA, BY END USER, 2019–2026 (USD MILLION) 118
10.2.7.5.3 By renewables end user 118
TABLE 53 INDUSTRIAL COUNTERWEIGHTS MARKET IN AUSTRALIA, BY RENEWABLES END USER, 2019–2026 (USD MILLION) 118
10.2.7.6 REST OF ASIA PACIFIC 119
10.2.7.6.1 By end user 119
TABLE 54 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF ASIA PACIFIC,
BY END USER, 2019–2026 (USD MILLION) 119
10.2.7.6.2 By renewables end user 120
TABLE 55 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF ASIA PACIFIC,
BY RENEWABLES END USER, 2019–2026 (USD MILLION) 120
10.3 NORTH AMERICA 120
FIGURE 38 SNAPSHOT: INDUSTRIAL COUNTERWEIGHTS MARKET IN NORTH AMERICA 121
10.3.1 BY TYPE 121
TABLE 56 INDUSTRIAL COUNTERWEIGHTS MARKET IN NORTH AMERICA, BY TYPE, 2019–2026 (USD MILLION) 121
10.3.2 BY FIXED COUNTERWEIGHT TYPE 122
TABLE 57 INDUSTRIAL COUNTERWEIGHTS MARKET IN NORTH AMERICA, BY FIXED COUNTERWEIGHT TYPE, 2019–2026 (USD MILLION) 122
10.3.3 BY MATERIAL 122
TABLE 58 INDUSTRIAL COUNTERWEIGHTS MARKET IN NORTH AMERICA, BY MATERIAL, 2019–2026 (USD MILLION) 122
10.3.4 BY APPLICATION 122
TABLE 59 INDUSTRIAL COUNTERWEIGHTS MARKET IN NORTH AMERICA,
BY APPLICATION, 2019–2026 (USD MILLION) 122
10.3.5 BY END USER 123
TABLE 60 INDUSTRIAL COUNTERWEIGHTS MARKET IN NORTH AMERICA, BY END USER, 2019–2026 (USD MILLION) 123
10.3.6 BY RENEWABLES END USER 123
TABLE 61 INDUSTRIAL COUNTERWEIGHTS MARKET IN NORTH AMERICA, BY RENEWABLES END USER, 2019–2026 (USD MILLION) 123
10.3.7 BY COUNTRY 123
TABLE 62 INDUSTRIAL COUNTERWEIGHTS MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2026 (USD MILLION) 123
10.3.7.1 US 124
10.3.7.1.1 Industrial automation is fueling demand for counterweights in US 124
10.3.7.1.2 By end user 124
TABLE 63 INDUSTRIAL COUNTERWEIGHTS MARKET IN US, BY END USER,
2019–2026 (USD MILLION) 124
10.3.7.1.3 By renewables end user 125
TABLE 64 INDUSTRIAL COUNTERWEIGHTS MARKET IN US, BY RENEWABLES END USER, 2019–2026 (USD MILLION) 125
10.3.7.2 Canada 125
10.3.7.2.1 Presence of various End user industries support industrial counterweights market growth in Canada 125
10.3.7.2.2 By end user 126
TABLE 65 INDUSTRIAL COUNTERWEIGHTS MARKET IN CANADA, BY END USER,
2019–2026 (USD MILLION) 126
10.3.7.2.3 By renewables end user 126
TABLE 66 INDUSTRIAL COUNTERWEIGHTS MARKET IN CANADA, BY RENEWABLES
END USER, 2019–2026 (USD MILLION) 126
10.3.7.3 Mexico 127
10.3.7.3.1 Government investment warehouse infrastructure development to create opportunities for industrial counterweights market growth 127
10.3.7.3.2 By end user 127
TABLE 67 INDUSTRIAL COUNTERWEIGHTS MARKET IN MEXICO, BY END USER,
2019–2026 (USD MILLION) 127
10.3.7.3.3 By renewables end user 128
TABLE 68 INDUSTRIAL COUNTERWEIGHTS MARKET IN MEXICO, BY RENEWABLES
END USER, 2019–2026 (USD MILLION) 128
10.3.7.4 Rest of North America 128
10.3.7.5 By End User Industry 128
TABLE 69 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF NORTH AMERICA,
BY END USER INDUSTRY, 2019–2026 (USD) 128
10.3.7.6 By Renewables End User Industry 129
TABLE 70 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF NORTH AMERICA,
BY RENEWABLES END USER INDUSTRY, 2019–2026 (USD) 129
10.4 EUROPE 129
10.4.1 BY TYPE 130
TABLE 71 INDUSTRIAL COUNTERWEIGHTS MARKET IN EUROPE, BY TYPE, 2019–2026 (USD MILLION) 130
10.4.2 BY FIXED COUNTERWEIGHT TYPE 130
TABLE 72 INDUSTRIAL COUNTERWEIGHTS MARKET IN EUROPE, BY FIXED COUNTERWEIGHT TYPE, 2019–2026 (USD MILLION) 130
10.4.3 BY MATERIAL 130
TABLE 73 INDUSTRIAL COUNTERWEIGHTS MARKET IN EUROPE, BY MATERIAL,
2019–2026 (USD MILLION) 130
10.4.4 BY APPLICATION 131
TABLE 74 INDUSTRIAL COUNTERWEIGHTS MARKET IN EUROPE, BY APPLICATION, 2019–2026 (USD MILLION) 131
10.4.5 BY END USER 131
TABLE 75 INDUSTRIAL COUNTERWEIGHTS MARKET IN EUROPE, BY END USER,
2019–2026 (USD MILLION) 131
10.4.6 BY RENEWABLES END USER 132
TABLE 76 INDUSTRIAL COUNTERWEIGHTS MARKET IN EUROPE, BY RENEWABLES
END USER, 2019–2026 (USD MILLION) 132
10.4.7 BY COUNTRY 132
TABLE 77 INDUSTRIAL COUNTERWEIGHTS MARKET IN EUROPE, BY COUNTRY,
2019–2026 (USD MILLION) 132
10.4.7.1 Germany 133
10.4.7.1.1 Construction industry driving industrial counterweights market growth in Germany 133
10.4.7.1.2 By end user 133
TABLE 78 INDUSTRIAL COUNTERWEIGHTS MARKET IN GERMANY, BY END USER, 2019–2026 (USD MILLION) 133
10.4.7.1.3 By renewables end user 133
TABLE 79 INDUSTRIAL COUNTERWEIGHTS MARKET IN GERMANY, BY RENWEABLES
END USER, 2019–2026 (USD MILLION) 133
10.4.7.2 UK 134
10.4.7.2.1 Growing marine sector to drive industrial counterweights market growth in UK 134
10.4.7.2.2 By end user 134
TABLE 80 INDUSTRIAL COUNTERWEIGHTS MARKET IN UK, BY END USER,
2019–2026 (USD MILLION) 134
10.4.7.2.3 By renewables end user 135
TABLE 81 INDUSTRIAL COUNTERWEIGHTS MARKET IN UK, BY RENEWABLES END USER, 2019–2026 (USD MILLION) 135
10.4.7.3 France 135
10.4.7.3.1 Flourishing automotive industry to contribute to growth of industrial counterweights market in France 135
10.4.7.3.2 By end user 136
TABLE 82 INDUSTRIAL COUNTERWEIGHTS MARKET IN FRANCE, BY END USER,
2019–2026 (USD MILLION) 136
10.4.7.3.3 By renewables end user 136
TABLE 83 INDUSTRIAL COUNTERWEIGHTS MARKET IN FRANCE, BY RENEWABLES
END USER, 2019–2026 (USD MILLION) 136
10.4.7.4 SPAIN 137
10.4.7.4.1 Demand from construction sector driving market growth
in Spain 137
10.4.7.4.2 By end user 137
TABLE 84 INDUSTRIAL COUNTERWEIGHTS MARKET IN SPAIN, BY END USER,
2019–2026 (USD MILLION) 137
10.4.7.4.3 By renewables end user 138
TABLE 85 INDUSTRIAL COUNTERWEIGHTS MARKET IN SPAIN, BY RENEWABLES
END USER, 2019–2026 (USD MILLION) 138
10.4.7.5 ITALY 138
10.4.7.5.1 Demand from pharmaceuticals industry is supporting market growth 138
10.4.7.5.2 By end user 138
TABLE 86 INDUSTRIAL COUNTERWEIGHTS MARKET IN ITALY, BY END USER,
2019–2026 (USD MILLION) 138
10.4.7.5.3 By renewables end user 139
TABLE 87 INDUSTRIAL COUNTERWEIGHTS MARKET IN ITALY, BY RENWEABLES
END USER, 2019–2026 (USD MILLION) 139
10.4.7.6 REST OF EUROPE 139
10.4.7.6.1 By end user 139
TABLE 88 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF EUROPE, BY END USER, 2019–2026 (USD MILLION) 139
10.4.7.6.2 By renewables end user 140
TABLE 89 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF EUROPE,
BY RENWEABLES END USER, 2019–2026 (USD MILLION) 140
10.5 SOUTH AMERICA 140
10.5.1 BY TYPE 140
TABLE 90 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AMERICA, BY TYPE, 2019–2026 (USD MILLION) 140
10.5.2 BY FIXED COUNTERWEIGHT TYPE 141
TABLE 91 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AMERICA, BY FIXED COUNTERWEIGHT TYPE, 2019–2026 (USD MILLION) 141
10.5.3 BY MATERIAL 141
TABLE 92 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AMERICA, BY MATERIAL, 2019–2026 (USD MILLION) 141
10.5.4 BY APPLICATION 141
TABLE 93 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AMERICA,
BY APPLICATION, 2019–2026 (USD MILLION) 141
10.5.5 BY END USER 142
TABLE 94 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AMERICA, BY END USER, 2019–2026 (USD MILLION) 142
10.5.6 BY RENEWABLES END USER 142
TABLE 95 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AMERICA,
BY RENEWABLES END USER, 2019–2026 (USD MILLION) 142
10.5.7 BY COUNTRY 142
TABLE 96 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AMERICA, BY COUNTRY, 2019–2026 (USD MILLION) 142
10.5.7.1 Brazil 143
10.5.7.1.1 Growing industrial automation to underpin market growth
in Brazil 143
10.5.7.1.2 By end user 143
TABLE 97 INDUSTRIAL COUNTERWEIGHTS MARKET IN BRAZIL, BY END USER,
2019–2026 (USD MILLION) 143
10.5.7.1.3 By renewables end user 144
TABLE 98 INDUSTRIAL COUNTERWEIGHTS MARKET IN BRAZIL, BY RENEWABLES
END USER, 2019–2026 (USD MILLION) 144
10.5.7.2 Argentina 144
10.5.7.2.1 Investments in oil and gas industry to fuel demand for industrial counterweights in Argentina 144
10.5.7.2.2 By end user 144
TABLE 99 INDUSTRIAL COUNTERWEIGHTS MARKET IN ARGENTINA, BY END USER, 2019–2026 (USD MILLION) 144
10.5.7.2.3 By renewables end user 145
TABLE 100 INDUSTRIAL COUNTERWEIGHTS MARKET IN ARGENTINA, BY RENEWABLES END USER, 2019–2026 (USD MILLION) 145
10.5.7.3 Rest of South America 145
10.5.7.3.1 By end user 145
TABLE 101 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF SOUTH AMERICA,
BY END USER, 2019–2026 (USD MILLION) 145
10.5.7.3.2 By renewables end user 146
TABLE 102 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF SOUTH AMERICA,
BY RENEWABLES END USER, 2019–2026 (USD MILLION) 146
10.5.7.4 CHILE 146
10.5.7.4.1 Construction and petrochemicals industries substantiate demand for counterweights in Chile 146
10.5.7.4.2 By end user 147
TABLE 103 INDUSTRIAL COUNTERWEIGHTS MARKET IN CHILE, BY END USER,
2019–2026 (USD MILLION) 147
10.5.7.4.3 By renewables end user 147
TABLE 104 INDUSTRIAL COUNTERWEIGHTS MARKET IN CHILE, BY RENEWABLES
END USER, 2019–2026 (USD MILLION) 147
10.6 MIDDLE EAST & AFRICA 148
10.6.1 BY TYPE 148
TABLE 105 INDUSTRIAL COUNTERWEIGHTS MARKET IN MIDDLE EAST & AFRICA,
BY TYPE, 2019–2026 (USD MILLION) 148
10.6.2 BY FIXED COUNTERWEIGHT TYPE 148
TABLE 106 INDUSTRIAL COUNTERWEIGHTS MARKET IN MIDDLE EAST & AFRICA,
BY FIXED COUNTERWEIGHT TYPE, 2019–2026 (USD MILLION) 148
10.6.3 BY MATERIAL 149
TABLE 107 INDUSTRIAL COUNTERWEIGHTS MARKET IN MIDDLE EAST & AFRICA,
BY MATERIAL, 2019–2026 (USD MILLION) 149
10.6.4 BY APPLICATION 149
TABLE 108 INDUSTRIAL COUNTERWEIGHTS MARKET IN MIDDLE EAST & AFRICA,
BY APPLICATION, 2019–2026 (USD MILLION) 149
10.6.5 BY END USER 150
TABLE 109 INDUSTRIAL COUNTERWEIGHTS MARKET IN MIDDLE EAST & AFRICA,
BY END USER, 2019–2026 (USD MILLION) 150
10.6.6 BY RENEWABLES END USER 150
TABLE 110 INDUSTRIAL COUNTERWEIGHTS MARKET IN MIDDLE EAST & AFRICA,
BY RENWEABLES END USER, 2019–2026 (USD MILLION) 150
10.6.7 BY COUNTRY 150
TABLE 111 INDUSTRIAL COUNTERWEIGHTS MARKET IN MIDDLE EAST & AFRICA,
BY COUNTRY, 2019–2026 (USD MILLION) 150
10.6.7.1 Saudi Arabia 151
10.6.7.1.1 Construction industry supports market growth in
Saudi Arabia 151
10.6.7.1.2 By end user 151
TABLE 112 INDUSTRIAL COUNTERWEIGHTS MARKET IN SAUDI ARABIA, BY END USER, 2019–2026 (USD MILLION) 151
10.6.7.1.3 By renewables end user 152
TABLE 113 INDUSTRIAL COUNTERWEIGHTS MARKET IN SAUDI ARABIA, BY RENEWABLES END USER, 2019–2026 (USD MILLION) 152
10.6.7.2 UAE 152
10.6.7.2.1 Infrastructural development projects boost demand for industrial counterweights in UAE 152
10.6.7.2.2 By end user 153
TABLE 114 INDUSTRIAL COUNTERWEIGHTS MARKET IN UAE, BY END USER,
2019–2026 (USD MILLION) 153
10.6.7.2.3 By renewables end user 153
TABLE 115 INDUSTRIAL COUNTERWEIGHTS MARKET IN UAE, BY RENEWABLES END USER, 2019–2026 (USD MILLION) 153
10.6.7.3 South Africa 154
10.6.7.3.1 Flourishing mining industry to contribute to growth of industrial counterweights market in South Africa 154
10.6.7.3.2 By end user 154
TABLE 116 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AFRICA, BY END USER, 2019–2026 (USD MILLION) 154
10.6.7.3.3 By renewables end user 154
TABLE 117 INDUSTRIAL COUNTERWEIGHTS MARKET IN SOUTH AFRICA, BY RENEWABLES END USER, 2019–2026 (USD MILLION) 154
10.6.7.4 IRAN 155
10.6.7.4.1 Oil & gas and manufacturing sector in Iran to augment counterweight implementation during forecast period 155
10.6.7.4.2 By end user 155
TABLE 118 INDUSTRIAL COUNTERWEIGHTS MARKET IN IRAN, BY END USER, 2019–2026 (USD MILLION MILLION) 155
10.6.7.4.3 By renewables end user 156
TABLE 119 INDUSTRIAL COUNTERWEIGHTS MARKET IN IRAN, BY RENEWABLES END USER, 2019–2026 (USD MILLION) 156
10.6.7.5 REST OF MIDDLE EAST & AFRICA 156
10.6.7.5.1 By end user 156
TABLE 120 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF MIDDLE EAST & AFRICA, BY END USER, 2019–2026 (USD MILLION) 156
10.6.7.5.2 By renewables end user 157
TABLE 121 INDUSTRIAL COUNTERWEIGHTS MARKET IN REST OF MIDDLE EAST & AFRICA, BY RENEWABLES END USER, 2019–2026 (USD MILLION) 157
11 COMPETITIVE LANDSCAPE 158
11.1 KEY PLAYER STRATEGIES 158
TABLE 122 OVERVIEW OF TOP MARKET PLAYERS, JANUARY 2017– JULY 2021 158
11.2 MARKET ANALYSIS OF TOP FIVE PLAYERS 159
TABLE 123 INDUSTRIAL COUNTERWEIGHTS MARKET: RANK 159
FIGURE 39 INDUSTRIAL COUNTERWEIGHTS MARKET SHARE ANALYSIS, 2020 160
11.3 MARKET EVALUATION FRAMEWORK 160
TABLE 124 MARKET EVALUATION FRAMEWORK 160
11.4 COMPANY EVALUATION QUADRANT 162
11.4.1 STAR 162
11.4.2 EMERGING LEADER 162
11.4.3 PERVASIVE 162
11.4.4 PARTICIPANT 162
FIGURE 40 COMPETITIVE LEADERSHIP MAPPING: INDUSTRIAL COUNTERWEIGHT MARKET, 2019 163
TABLE 125 COMPANY FOOTPRINT 164
TABLE 126 COMPANY TYPE FOOTPRINT 165
TABLE 127 COMPANY MATERIAL FOOTPRINT 166
TABLE 128 COMPANY APPLICATION FOORPRINT 167
TABLE 129 COMPANY END USER FOOTPRINT 168
TABLE 130 COMPANY REGION FOOTPRINT 169
11.5 COMPETITIVE SCENARIO 171
TABLE 131 INDUSTRIAL COUNTERWEIGHTS MARKET: PRODUCT LAUNCHES, JANUARY 2017– JULY 2021 171
TABLE 132 INDUSTRIAL COUNTERWEIGHTS MARKET: DEALS, JANUARY 2017–JULY 2021 171
TABLE 133 INDUSTRIAL COUNTERWEIGHTS MARKET: OTHER DEVELOPMENTS,
JANUARY 2017–JULY 2021 173
12 COMPANY PROFILES 174
12.1 INTRODUCTION 174
(Business overview, Products/solutions/services offered, Recent Developments, SWOT Analysis,
MNM view)*
12.2 MAJOR PLAYERS 174
12.2.1 FMGC, FARINIA GROUP 174
TABLE 134 FMGC, FARINIA GROUP: COMPANY OVERVIEW 174
TABLE 135 FMGC, FARINIA GROUP: PRODUCTS/SOLUTIONS OFFERED 175
TABLE 136 FMGC, FARINIA GROUP: DEALS, JANUARY 2017–JULY 2021 175
FIGURE 41 FMGC FARINIA GROUP: SWOT ANALYSIS 176
12.2.2 SIC LAZARO 178
TABLE 137 SIC LAZARO: COMPANY OVERVIEW 178
TABLE 138 SIC LAZARO: PRODUCTS/SOLUTIONS OFFERED 178
TABLE 139 SIC LAZARO: DEALS, JANUARY 2017–JULY 2021 179
FIGURE 42 SIC LAZARO (US): SWOT ANALYSIS 179
12.2.3 CRESCENT FOUNDRY 181
TABLE 140 CRESCENT FOUNDRY: COMPANY OVERVIEW 181
TABLE 141 CRESCENT FOUNDRY: PRODUCTS/SOLUTIONS OFFERED 181
TABLE 142 CRESCENT FOUNDRY: OTHERS, JANUARY 2017–JULY 2021 182
FIGURE 43 CRESCENT FOUNDRY (INDIA): SWOT ANALYSIS 182
12.2.4 GALLIZO 184
TABLE 143 GALLIZO: COMPANY OVERVIEW 184
TABLE 144 GALLIZO: PRODUCTS/SOLUTIONS OFFERED 184
TABLE 145 GALLIZO: DEALS, JULY 2017–AUGUST 2017 185
TABLE 146 GALLIZO: OTHER DEVELOPMENTS, JANUARY 2017–JULY 2021 185
FIGURE 44 GALIZO: SWOT ANALYSIS 186
12.2.5 MARS METAL 187
TABLE 147 MARS METAL: COMPANY OVERVIEW 187
TABLE 148 MARS METAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 188
FIGURE 45 MARS METAL: SWOT ANALYSIS 189
12.2.6 ULTRARAY METALS 191
TABLE 149 ULTRARAY METALS: COMPANY OVERVIEW 191
TABLE 150 ULTRARAY METALS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 191
TABLE 151 ULTRARAY METALS: PRODUCT LAUNCHES, JANUARY 2017–JULY 2021 192
TABLE 152 ULTRARAY METALS: DEALS, JANUARY 2017–JULY 2021 192
12.2.7 ISC 193
TABLE 153 ISC: COMPANY OVERVIEW 193
TABLE 154 ISC: PRODUCT LAUNCHES, JANUARY 2017–JULY 2021 193
TABLE 155 ISC: OTHER DEVELOPMENTS, JANUARY 2017–JULY 2021 193
12.2.8 VIETNAM CAST IRON 194
TABLE 156 VIETNAM CAST IRON: COMPANY OVERVIEW 194
TABLE 157 VIETNAM CAST IRON: PRODUCTS/SOLUTIONS/SERVICES OFFERED 194
12.2.9 AGESCAN INTERNATIONAL INC. 196
TABLE 158 AGESCAN INTERNATIONAL INC.: COMPANY OVERVIEW 196
TABLE 159 AGESCAN INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 196
12.2.10 AMAC ALLOYS 197
TABLE 160 AMAC ALLOYS: COMPANY OVERVIEW 197
TABLE 161 AMAC ALLOYS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 197
TABLE 162 AMAC ALLOYS: DEALS, FEBRUARY 2017– JANUARY 2017–JULY 2021 197
12.2.11 MAX IRON 198
TABLE 163 MAX IRON: COMPANY OVERVIEW 198
TABLE 164 MAX IRON: PRODUCTS/SOLUTIONS/SERVICES OFFERED 198
TABLE 165 MAX IRON: DEALS, JANUARY 2017–JULY 2021 198
12.2.12 LKAB MINERALS 200
TABLE 166 LKAB MINERALS: COMPANY OVERVIEW 200
TABLE 167 LKAB MINERALS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 200
12.2.13 KONSTANTA 201
TABLE 168 KONSTANTA: COMPANY OVERVIEW 201
TABLE 169 KONSTANTA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 201
12.2.14 EDGETECH INDUSTRIES LLC 202
TABLE 170 EDGETECH INDUSTRIES LLC: COMPANY OVERVIEW 202
TABLE 171 EDGETECH INDUSTRIES LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 202
12.2.15 SIC LAZARO INDUSTRIAL 203
TABLE 172 SIC LAZARO INDUSTRIAL: COMPANY OVERVIEW 203
TABLE 173 SIC LAZARO INDUSTRIAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 203
12.2.16 SHANXI HUAXIANG GROUP CO. LTD. 204
TABLE 174 SHANXI HUAXIANG GROUP CO. LTD.: COMPANY OVERVIEW 204
TABLE 175 SHANXI HUAXIANG GROUP CO LTD.: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 204
12.2.17 TENWINKEL GMBH & CO. KG 205
TABLE 176 TENWINKEL GMBH & CO. KG: COMPANY OVERVIEW 205
TABLE 177 TENWINKEL GMBH & CO. KG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 205
12.2.18 BETONFERTIGTEILE ERNST BINDER GMBH 206
TABLE 178 BETONFERTIGTEILE ERNST BINDER GMBH: COMPANY OVERVIEW 206
TABLE 179 BETONFERTIGTEILE ERNST BINDER GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 206
12.2.19 FRANS PATEER B.V. 207
TABLE 180 FRANS PATEER B.V.: COMPANY OVERVIEW 207
TABLE 181 FRANS PATEER B.V.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 207
12.2.20 CASTING QUALITY 208
TABLE 182 CASTING QUALITY: COMPANY OVERVIEW 208
TABLE 183 FRANS PATEER B.V.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 208
12.2.21 SIC LAZARO POLSKA 209
TABLE 184 SIC LAZARO POLSKA: COMPANY OVERVIEW 209
TABLE 185 SIC LAZARO POLSKA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 209
12.2.22 MESSERSCHMIDT INDUSTRIEDESIGN 210
TABLE 186 MESSERSCHMIDT INDUSTRIEDESIGN: COMPANY OVERVIEW 210
TABLE 187 MESSERSCHMIDT INDUSTRIEDESIGN: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 210
12.2.23 BRUCKERT BETON GMBH 211
TABLE 188 BRUCKERT BETON GMBH: COMPANY OVERVIEW 211
TABLE 189 BRUCKERT BETON GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 211
12.2.24 SO ME FER SRL 212
TABLE 190 SO ME FER SRL: COMPANY OVERVIEW 212
12.2.25 VALSUSA SAS 213
TABLE 191 VALSUSA SAS: COMPANY OVERVIEW 213
*Details on Business overview, Products/solutions/services offered, Recent Developments, SWOT Analysis, MNM view might not be captured in case of unlisted companies.
13 APPENDIX 214
13.1 INSIGHTS OF INDUSTRY EXPERTS 214
13.2 DISCUSSION GUIDE 215
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 219
13.4 AVAILABLE CUSTOMIZATIONS 221
13.5 RELATED REPORTS 221
13.6 AUTHOR DETAILS 222
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1 INTRODUCTION 43
1.1 OBJECTIVES OF THE STUDY 43
1.2 MARKET DEFINITION 43
1.2.1 INCLUSIONS & EXCLUSIONS OF THE STUDY 44
1.3 MARKET SCOPE 44
1.3.1 MARKETS COVERED 44
FIGURE 1 GLOBAL LABORATORY PROFICIENCY TESTING MARKET 45
1.3.2 YEARS CONSIDERED FOR THE STUDY 46
1.4 CURRENCY 46
TABLE 1 STANDARD CURRENCY CONVERSION RATES 46
1.5 LIMITATIONS 47
1.6 STAKEHOLDERS 47
1.7 SUMMARY OF CHANGES 47
2 RESEARCH METHODOLOGY 49
2.1 RESEARCH APPROACH 49
FIGURE 2 RESEARCH DESIGN 49
2.1.1 SECONDARY DATA 50
2.1.1.1 Key data from secondary sources 50
2.1.2 SECONDARY RESEARCH 51
2.1.3 PRIMARY RESEARCH 52
FIGURE 3 PRIMARY SOURCES 52
2.1.3.1 Key data from primary sources 53
FIGURE 4 INSIGHTS FROM INDUSTRY EXPERTS 53
2.1.3.2 Breakdown of primary sources 54
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS: SUPPLY-SIDE AND
DEMAND-SIDE PARTICIPANTS 54
FIGURE 6 PRIMARY SOURCES 54
2.2 MARKET SIZE ESTIMATION 54
2.2.1 BOTTOM-UP APPROACH 55
FIGURE 7 LABORATORY PROFICIENCY TESTING MARKET: BOTTOM-UP APPROACH 55
2.2.2 TOP-DOWN APPROACH 56
FIGURE 8 TOP-DOWN APPROACH 56
FIGURE 9 SUPPLY-SIDE MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS 57
FIGURE 10 SUPPLY-SIDE MARKET SIZE ESTIMATION: LABORATORY PROFICIENCY TESTING MARKET (2020) 57
FIGURE 11 CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS 58
FIGURE 12 CAGR PROJECTIONS FROM THE ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF THE LABORATORY PROFICIENCY TESTING MARKET (2021–2026) 59
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 60
FIGURE 13 DATA TRIANGULATION METHODOLOGY 60
2.4 MARKET SHARE ESTIMATION 61
2.5 ASSUMPTIONS FOR THE STUDY 61
2.6 RISK ASSESSMENT 62
TABLE 2 RISK ASSESSMENT: LABORATORY PROFICIENCY TESTING MARKET 62
2.7 COVID-19 HEALTH ASSESSMENT 62
2.8 COVID-19 ECONOMIC ASSESSMENT 62
2.9 ASSESSMENT OF THE IMPACT OF COVID-19 ON THE ECONOMIC SCENARIO 63
FIGURE 14 CRITERIA IMPACTING THE GLOBAL ECONOMY 63
FIGURE 15 RECOVERY SCENARIO OF THE GLOBAL ECONOMY 64
3 EXECUTIVE SUMMARY 65
FIGURE 16 LABORATORY PROFICIENCY TESTING MARKET, BY INDUSTRY,
2021 VS. 2026 (USD MILLION) 65
FIGURE 17 CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2021 VS. 2026 (USD MILLION) 66
FIGURE 18 FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2021 VS. 2026 (USD MILLION) 67
FIGURE 19 MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2021 VS. 2026 (USD MILLION) 67
FIGURE 20 PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2021 VS. 2026 (USD MILLION) 68
FIGURE 21 LABORATORY PROFICIENCY TESTING MARKET, BY TECHNOLOGY,
2021 VS. 2026 (USD MILLION) 69
FIGURE 22 GEOGRAPHICAL SNAPSHOT OF THE LABORATORY PROFICIENCY TESTING MARKET 70
4 PREMIUM INSIGHTS 72
4.1 LABORATORY PROFICIENCY TESTING MARKET OVERVIEW 72
FIGURE 23 STRINGENT SAFETY AND QUALITY REGULATIONS FOR FOOD AND PHARMACEUTICAL PRODUCTS TO DRIVE MARKET GROWTH 72
4.2 CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE (2021–2026) 73
FIGURE 24 CLINICAL CHEMISTRY SEGMENT TO REGISTER THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD (2021–2026) 73
4.3 ASIA PACIFIC: LABORATORY PROFICIENCY TESTING MARKET,
BY TECHNOLOGY AND COUNTRY (2020) 74
FIGURE 25 CELL CULTURE ACCOUNTED FOR THE LARGEST SHARE OF THE APAC LABORATORY PROFICIENCY TESTING MARKET IN 2020 74
4.4 LABORATORY PROFICIENCY TESTING MARKET: GEOGRAPHIC MIX 75
FIGURE 26 CHINA TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD 75
4.5 LABORATORY PROFICIENCY TESTING MARKET: DEVELOPED VS.
DEVELOPING MARKETS (USD MILLION) 76
FIGURE 27 DEVELOPING MARKETS TO REGISTER A HIGHER GROWTH RATE DURING THE FORECAST PERIOD 76
5 MARKET OVERVIEW 77
5.1 INTRODUCTION 77
5.2 MARKET DYNAMICS 77
FIGURE 28 LABORATORY PROFICIENCY TESTING MARKET:
DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 77
5.2.1 MARKET DRIVERS 78
5.2.1.1 Proficiency testing is an essential precondition for operational excellence 78
FIGURE 29 CLIA-REGISTERED LABORATORIES GLOBALLY (2011–2021) 79
5.2.1.2 Stringent safety and quality regulations for food and pharmaceutical products 79
TABLE 3 FOOD SAFETY LEGISLATION IN DEVELOPING COUNTRIES 80
TABLE 4 PHARMACEUTICALS: REGULATORY AGENCIES 81
5.2.1.3 Increasing focus on water testing 81
5.2.2 MARKET RESTRAINTS 82
5.2.2.1 Requirement of high-capital investments for accurate and sensitive testing 82
TABLE 5 COST OF ADVANCED TECHNOLOGIES USED FOR PROFICIENCY TESTING 82
5.2.3 MARKET OPPORTUNITIES 83
5.2.3.1 Technological advancements in the testing industry 83
5.2.3.2 Growth opportunities in emerging countries 83
FIGURE 30 PROJECTED PHARMACEUTICAL SALES IN ASIAN COUNTRIES (2022) 84
5.2.4 MARKET CHALLENGES 84
5.2.4.1 Need for proficiency testing scheme harmonization 84
5.2.4.2 Logistical and data interpretation challenges 85
5.2.4.3 Dearth of skilled professionals 85
6 INDUSTRY INSIGHTS 86
6.1 INTRODUCTION 86
6.2 INDUSTRY TRENDS 86
6.2.1 GROWING FOCUS ON ORGANIC GROWTH STRATEGIES 86
TABLE 6 NUMBER OF PRODUCT LAUNCHES, BY KEY PLAYER
(JANUARY 2018 TO FEBRUARY 2022) 86
6.3 ECOSYSTEM/MARKET MAP 87
TABLE 7 LABORATORY PROFICIENCY TESTING MARKET: ECOSYSTEM 87
6.4 PRICING ANALYSIS 88
TABLE 8 PRICING ANALYSIS OF LABORATORY PROFICIENCY
TESTING PROGRAMS (2021) 88
6.5 ECOSYSTEM ANALYSIS 89
6.6 PATENT ANALYSIS 90
6.6.1 PATENT PUBLICATION TRENDS FOR LABORATORY PROFICIENCY TESTING 90
FIGURE 31 PATENT PUBLICATION TRENDS (2011–2021) 90
6.6.2 INSIGHTS: JURISDICTION AND TOP APPLICANT ANALYSIS 90
FIGURE 32 TOP APPLICANTS & OWNERS (COMPANIES/INSTITUTIONS) FOR PROFICIENCY TESTING PATENTS (JANUARY 2011–FEBRUARY 2022) 91
FIGURE 33 TOP APPLICANT COUNTRIES/REGIONS FOR PROFICIENCY TESTING PATENTS (JANUARY 2011–FEBRUARY 2022) 92
6.7 SUPPLY CHAIN ANALYSIS 92
FIGURE 34 SUPPLY CHAIN ANALYSIS 93
6.8 PORTER’S FIVE FORCES ANALYSIS 93
TABLE 9 LABORATORY PROFICIENCY TESTING MARKET: PORTER’S FIVE FORCES ANALYSIS 93
6.8.1 THREAT OF NEW ENTRANTS 94
6.8.2 THREAT OF SUBSTITUTES 94
6.8.3 BARGAINING POWER OF BUYERS 94
6.8.4 BARGAINING POWER OF SUPPLIERS 94
6.8.5 COMPETITIVE RIVALRY AMONG EXISTING PLAYERS 94
6.9 TRENDS & DISRUPTIONS AFFECTING CUSTOMERS’ BUSINESS 95
FIGURE 35 LABORATORY PROFICIENCY TESTING MARKET:
TRENDS & DISRUPTIONS AFFECTING CUSTOMERS’ BUSINESS 95
6.10 REGULATORY LANDSCAPE 95
TABLE 10 ICH QUALITY GUIDELINES FOR PHARMACEUTICAL GMPS 96
TABLE 11 EUROPE: ACCREDITATION BODIES FOR MEDICAL LABORATORIES 97
TABLE 12 DEVELOPMENT OF GLP ACROSS COUNTRIES 98
TABLE 13 OVERVIEW OF GUIDELINES OF LABORATORY SERVICES 98
TABLE 14 REGULATORY AUTHORITIES AND LAUNCH OF GLP MONITORING PROGRAMS IN EUROPEAN COUNTRIES 99
7 LABORATORY PROFICIENCY TESTING MARKET, BY INDUSTRY 100
7.1 INTRODUCTION 101
FIGURE 36 LABORATORY PROFICIENCY TESTING MARKET, BY INDUSTRY,
2021 VS. 2026 (USD MILLION) 101
TABLE 15 LABORATORY PROFICIENCY TESTING MARKET, BY INDUSTRY,
2019–2026 (USD MILLION) 102
7.2 CLINICAL DIAGNOSTICS 102
7.2.1 INCREASING INCIDENCE OF TARGET DISEASES AND RISING DEMAND FOR EARLY AND ACCURATE DISEASE DIAGNOSIS WILL DRIVE THE MARKET FOR CLINICAL DIAGNOSTICS 102
TABLE 16 CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 103
TABLE 17 CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 104
7.2.2 DRIVERS 104
7.2.2.1 Increasing adoption of fully automated instruments and automation in laboratories 104
7.2.2.2 Growth opportunities in developing economies 105
7.2.3 RESTRAINTS 105
7.2.3.1 Procedural shift from lab-based to home-based/point-of-care testing procedures 105
7.2.4 CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE 105
7.2.4.1 Clinical chemistry 105
TABLE 18 CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET FOR CLINICAL CHEMISTRY, BY COUNTRY, 2019–2026 (USD MILLION) 106
7.2.4.2 Immunoassay/immunochemistry 107
TABLE 19 CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET FOR IMMUNOASSAY/IMMUNOCHEMISTRY, BY COUNTRY,
2019–2026 (USD MILLION) 107
7.2.4.3 Hematology 108
TABLE 20 CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET FOR HEMATOLOGY, BY COUNTRY, 2019–2026 (USD MILLION) 108
7.2.4.4 Molecular diagnostics 109
TABLE 21 CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET FOR MOLECULAR DIAGNOSTICS, BY COUNTRY, 2019–2026 (USD MILLION) 110
7.2.4.5 Cytology 110
TABLE 22 CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET FOR CYTOLOGY, BY COUNTRY, 2019–2026 (USD MILLION) 111
7.2.4.6 Other clinical diagnostics 111
TABLE 23 OTHER CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET , BY COUNTRY, 2019–2026 (USD MILLION) 112
7.3 MICROBIOLOGY 113
7.3.1 INCREASING FOCUS ON ENSURING SAFETY AND COMPLIANCE IN LABORATORIES TO SUPPORT MARKET GROWTH 113
TABLE 24 MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 113
TABLE 25 MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 114
7.3.2 DRIVERS 114
7.3.2.1 Stringent safety regulations 114
7.3.3 MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET, BY TYPE 115
7.3.3.1 Pathogen testing 115
TABLE 26 MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET FOR PATHOGEN TESTING, BY COUNTRY, 2019–2026 (USD MILLION) 115
7.3.3.2 Sterility testing 116
TABLE 27 MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET FOR STERILITY TESTING, BY COUNTRY, 2019–2026 (USD MILLION) 116
7.3.3.3 Endotoxin & pyrogen testing 117
TABLE 28 MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET FOR ENDOTOXIN & PYROGEN TESTING, BY COUNTRY, 2019–2026 (USD MILLION) 117
7.3.3.4 Growth promotion testing 117
TABLE 29 MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET FOR GROWTH PROMOTION TESTING, BY COUNTRY, 2019–2026 (USD MILLION) 118
7.3.3.5 Other microbial testing 118
TABLE 30 OTHER MICROBIAL LABORATORY PROFICIENCY TESTING MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 119
7.4 FOOD & ANIMAL FEED 119
7.4.1 NEED TO ENSURE THE SAFETY AND QUALITY OF FOOD PRODUCTS TO PROPEL MARKET GROWTH 119
TABLE 31 FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 120
TABLE 32 FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 121
7.4.2 DRIVERS 121
7.4.2.1 Stringent food safety regulations 121
7.4.2.2 Increasing outbreaks of foodborne illnesses 122
7.4.2.3 Increasing demand for packaged food products 122
7.4.2.4 Increasing instances of chemical contamination in food processing and manufacturing 123
7.4.3 RESTRAINTS 123
7.4.3.1 Lack of harmonization of food safety regulations 123
7.4.3.2 Lack of food control infrastructure in developing countries 123
7.4.4 FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE 123
7.4.4.1 Meat & meat products 123
TABLE 33 FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET FOR MEAT & MEAT PRODUCTS, BY COUNTRY, 2019–2026 (USD MILLION) 124
7.4.4.2 Vegetables & fruits 124
TABLE 34 FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET FOR VEGETABLES & FRUITS, BY COUNTRY, 2019–2026 (USD MILLION) 125
7.4.4.3 Dairy products 125
TABLE 35 FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET FOR DAIRY PRODUCTS, BY COUNTRY, 2019–2026 (USD MILLION) 126
7.4.4.4 Fish 126
TABLE 36 FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET FOR FISH, BY COUNTRY, 2019–2026 (USD MILLION) 127
7.4.4.5 Eggs 127
TABLE 37 FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET FOR EGGS, BY COUNTRY, 2019–2026 (USD MILLION) 128
7.4.4.6 Fat/oil 128
TABLE 38 FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET FOR FAT/OIL, BY COUNTRY, 2019–2026 (USD MILLION) 129
7.4.4.7 Other food & animal feed 129
TABLE 39 OTHER FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 130
7.5 COMMERCIAL BEVERAGES 130
7.5.1 RISING CONSUMPTION OF COMMERCIAL BEVERAGES WILL DRIVE THE MARKET FOR PROFICIENCY TESTING 130
TABLE 40 COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 131
TABLE 41 COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 131
7.5.2 DRIVERS 132
7.5.2.1 Rising consumption of commercial beverages 132
7.5.3 RESTRAINTS 132
7.5.3.1 High capital investment 132
7.5.4 COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE 132
7.5.4.1 Non-alcoholic beverages 132
TABLE 42 COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET FOR NON-ALCOHOLIC BEVERAGES, BY COUNTRY, 2019–2026 (USD MILLION) 133
7.5.4.2 Alcoholic beverages 133
TABLE 43 COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET FOR ALCOHOLIC BEVERAGES, BY COUNTRY, 2019–2026 (USD MILLION) 134
7.6 ENVIRONMENTAL 134
7.6.1 STRINGENT ENVIRONMENTAL PROTECTION REGULATIONS WILL DRIVE THE MARKET FOR LABORATORY PROFICIENCY TESTING 134
TABLE 44 ENVIRONMENTAL LABORATORY PROFICIENCY TESTING MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 135
7.6.2 DRIVERS 135
7.6.2.1 Privatization of environmental testing services 135
7.6.2.2 Environment protection regulations 136
TABLE 45 PROMINENT ENVIRONMENT PROTECTION REGULATIONS, BY COUNTRY 136
7.6.2.3 Availability of cost- and time-efficient customized testing services 137
7.6.3 RESTRAINTS 137
7.6.3.1 Lack of basic supporting infrastructure 137
7.7 PHARMACEUTICALS 137
7.7.1 INCREASING USE OF GENERIC DRUGS TO DRIVE THE MARKET FOR PROFICIENCY TESTING 137
TABLE 46 PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 138
TABLE 47 PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 138
7.7.2 DRIVERS 139
7.7.2.1 Stringent quality control in the production of pharmaceutical products 139
7.7.2.2 Growth of the pharmaceuticals market 139
FIGURE 37 GLOBAL PHARMACEUTICAL DRUG SALES, 2011–2020 (USD BILLION) 139
7.7.2.3 Surge in the generics market 140
7.7.2.4 Emerging biosimilars market 140
7.7.3 RESTRAINTS 141
7.7.3.1 Cost and time-intensive drug manufacturing process 141
7.7.4 PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET, BY TYPE 141
7.7.4.1 Branded/innovator drugs 141
TABLE 48 PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET FOR BRANDED/INNOVATOR DRUGS, BY COUNTRY, 2019–2026 (USD MILLION) 142
7.7.4.2 Generic drugs 142
TABLE 49 PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET FOR GENERIC DRUGS, BY COUNTRY, 2019–2026 (USD MILLION) 143
7.7.4.3 Over-the-counter drugs 143
TABLE 50 PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET FOR OVER-THE-COUNTER DRUGS, BY COUNTRY, 2019–2026 (USD MILLION) 144
7.7.4.4 Biosimilars 144
TABLE 51 PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET FOR BIOSIMILARS, BY COUNTRY, 2019–2026 (USD MILLION) 145
7.8 WATER 145
7.8.1 RISING PREVALENCE OF WATERBORNE DISEASES HAS INCREASED THE DEMAND FOR PROFICIENCY TESTING 145
TABLE 52 WATER LABORATORY PROFICIENCY TESTING MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 147
7.8.2 DRIVERS 147
7.8.2.1 Growing industrial applications 147
7.8.2.2 Increasing need for microbial water quality analysis 148
7.8.3 RESTRAINTS 148
7.8.3.1 Limited market penetration in non-industrial applications 148
7.9 NUTRACEUTICALS 148
7.9.1 GROWING NUTRACEUTICALS MARKET HAS INCREASED THE NEED FOR PROFICIENCY TESTING 148
TABLE 53 NUTRACEUTICAL LABORATORY PROFICIENCY TESTING MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 149
7.10 BIOLOGICS 149
7.10.1 NEED TO DETECT CONTAMINANTS IN PRODUCTS INTENDED FOR HUMAN USE TO DRIVE THE MARKET 149
TABLE 54 BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE,
2019–2026 (USD MILLION) 150
TABLE 55 BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 151
7.10.2 DRIVERS 151
7.10.2.1 Growing R&D investments in the life sciences industry 151
7.10.2.2 High incidence and large economic burden of chronic diseases 152
7.10.3 RESTRAINTS 152
7.10.3.1 Dearth of skilled professionals 152
7.10.4 BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE 152
7.10.4.1 Monoclonal antibodies 152
TABLE 56 BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET FOR MONOCLONAL ANTIBODIES, BY COUNTRY, 2019–2026 (USD MILLION) 153
7.10.4.2 Vaccines 153
FIGURE 38 NUMBER OF CORONAVIRUS (COVID-19) DRUGS AND VACCINES IN DEVELOPMENT WORLDWIDE, BY PHASE (AS OF FEBRUARY 2022) 154
TABLE 57 BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET FOR VACCINES,
BY COUNTRY, 2019–2026 (USD MILLION) 155
7.10.4.3 Blood 155
TABLE 58 BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET FOR BLOOD,
BY COUNTRY, 2019–2026 (USD MILLION) 156
7.10.4.4 Tissue 156
TABLE 59 BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET FOR TISSUE,
BY COUNTRY, 2019–2026 (USD MILLION) 157
7.11 CANNABIS/OPIOIDS 157
7.11.1 LEGALIZATION OF MEDICAL CANNABIS TO SUPPORT MARKET GROWTH 157
TABLE 60 CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 158
TABLE 61 CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 159
7.11.2 DRIVERS 159
7.11.2.1 Legalization of medical cannabis and the growing number of cannabis testing laboratories 159
7.11.2.2 Emerging markets 160
7.11.2.3 Growing adoption of LIMS in cannabis testing laboratories 160
7.11.2.4 Increasing awareness 160
7.11.3 RESTRAINTS 160
7.11.3.1 Dearth of trained laboratory professionals 160
7.11.3.2 Lack of industry standards for cannabis testing 160
7.11.3.3 High startup costs for cannabis testing laboratories 161
7.11.4 CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE 161
7.11.4.1 Potency testing 161
TABLE 62 CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET FOR POTENCY TESTING, BY COUNTRY, 2019–2026 (USD MILLION) 162
7.11.4.2 Terpene profiling 162
TABLE 63 CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET FOR TERPENE PROFILING, BY COUNTRY, 2019–2026 (USD MILLION) 163
7.11.4.3 Residual solvents 163
TABLE 64 CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET FOR RESIDUAL SOLVENTS, BY COUNTRY, 2019–2026 (USD MILLION) 164
7.11.4.4 Pesticide screening 164
TABLE 65 CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET FOR PESTICIDE SCREENING, BY COUNTRY, 2019–2026 (USD MILLION) 165
7.11.4.5 Heavy metal testing 165
TABLE 66 CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET FOR HEAVY METAL TESTING, BY COUNTRY, 2019–2026 (USD MILLION) 166
7.11.4.6 Other cannabis/opioids testing 166
TABLE 67 OTHER CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 167
7.12 DIETARY SUPPLEMENTS 167
7.12.1 NEED TO ENSURE THE SAFETY AND QUALITY OF THESE SUPPLEMENTS TO DRIVE THE MARKET 167
TABLE 68 DIETARY SUPPLEMENT LABORATORY PROFICIENCY TESTING MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 168
7.13 COSMETICS 168
7.13.1 DEMAND FOR ENVIRONMENTALLY FRIENDLY AND SUSTAINABLE COSMETICS TO PROPEL THE MARKET 168
TABLE 69 COSMETIC LABORATORY PROFICIENCY TESTING MARKET, BY TYPE,
2019–2026 (USD MILLION) 169
TABLE 70 COSMETIC LABORATORY PROFICIENCY TESTING MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 169
7.13.2 DRIVERS 170
7.13.2.1 Opposition to animal testing 170
7.13.2.2 Customer interest in environmentally friendly and sustainable product ingredients in cosmetics and personal care products 170
7.13.3 COSMETIC LABORATORY PROFICIENCY TESTING MARKET, BY TYPE 170
7.13.3.1 Trace elements 170
TABLE 71 COSMETIC LABORATORY PROFICIENCY TESTING MARKET FOR TRACE ELEMENTS, BY COUNTRY, 2019–2026 (USD MILLION) 171
7.13.3.2 Other cosmetic testing 171
TABLE 72 OTHER COSMETIC LABORATORY PROFICIENCY TESTING MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 172
8 LABORATORY PROFICIENCY TESTING MARKET, BY TECHNOLOGY 173
8.1 INTRODUCTION 174
FIGURE 39 LABORATORY PROFICIENCY TESTING MARKET, BY TECHNOLOGY,
2021 VS. 2026 (USD MILLION) 174
TABLE 73 LABORATORY PROFICIENCY TESTING MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 174
8.2 CELL CULTURE 175
8.2.1 GROWING AWARENESS REGARDING THE USE OF CELL CULTURES IN THE PRODUCTION AND TESTING OF VARIOUS BIOPHARMACEUTICALS TO SUPPORT MARKET GROWTH 175
TABLE 74 LABORATORY PROFICIENCY TESTING MARKET FOR CELL CULTURE,
BY COUNTRY, 2019–2026 (USD MILLION) 176
8.3 POLYMERASE CHAIN REACTION (PCR) 176
8.3.1 PCR ALLOWS HIGH SPECIFICITY AND ACCURACY WITH IMPROVED SENSITIVITY 176
TABLE 75 LABORATORY PROFICIENCY TESTING MARKET FOR PCR, BY COUNTRY,
2019–2026 (USD MILLION) 178
8.4 IMMUNOASSAYS 178
8.4.1 EMERGENCE OF COST-EFFECTIVE TECHNOLOGIES AND LABORATORY AUTOMATION FOR IMMUNOASSAYS TO DRIVE THE MARKET 178
TABLE 76 LABORATORY PROFICIENCY TESTING MARKET FOR IMMUNOASSAYS,
BY COUNTRY, 2019–2026 (USD MILLION) 179
8.5 CHROMATOGRAPHY 180
8.5.1 HIGH ADOPTION OF CHROMATOGRAPHY IN BIOLOGICS AND PHARMACEUTICAL INDUSTRY TO DRIVE THE MARKET 180
TABLE 77 LABORATORY PROFICIENCY TESTING MARKET FOR CHROMATOGRAPHY,
BY COUNTRY, 2019–2026 (USD MILLION) 181
8.6 SPECTROPHOTOMETRY 181
8.6.1 TECHNOLOGICAL ADVANCEMENTS, GOVERNMENT INITIATIVES, AND INCREASING SPENDING ON PHARMACEUTICAL R&D TO DRIVE THE MARKET 181
TABLE 78 LABORATORY PROFICIENCY TESTING MARKET FOR SPECTROPHOTOMETRY, BY COUNTRY, 2019–2026 (USD MILLION) 183
8.7 OTHER TECHNOLOGIES 183
TABLE 79 LABORATORY PROFICIENCY TESTING MARKET FOR OTHER TECHNOLOGIES, BY COUNTRY, 2019–2026 (USD MILLION) 184
9 LABORATORY PROFICIENCY TESTING MARKET, BY REGION 185
9.1 INTRODUCTION 186
FIGURE 40 LABORATORY PROFICIENCY TESTING MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES (2020) 186
TABLE 80 LABORATORY PROFICIENCY TESTING MARKET, BY REGION,
2019–2026 (USD MILLION) 187
9.2 NORTH AMERICA 187
FIGURE 41 NORTH AMERICA: LABORATORY PROFICIENCY TESTING MARKET SNAPSHOT 188
TABLE 81 NORTH AMERICA: LABORATORY PROFICIENCY TESTING MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 188
TABLE 82 NORTH AMERICA: LABORATORY PROFICIENCY TESTING MARKET,
BY INDUSTRY, 2019–2026 (USD MILLION) 189
TABLE 83 NORTH AMERICA: CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 189
TABLE 84 NORTH AMERICA: MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 190
TABLE 85 NORTH AMERICA: FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 190
TABLE 86 NORTH AMERICA: COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 191
TABLE 87 NORTH AMERICA: PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 191
TABLE 88 NORTH AMERICA: BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 191
TABLE 89 NORTH AMERICA: COSMETIC LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 192
TABLE 90 NORTH AMERICA: CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 192
TABLE 91 NORTH AMERICA: LABORATORY PROFICIENCY TESTING MARKET,
BY TECHNOLOGY, 2019–2026 (USD MILLION) 193
9.2.1 US 193
9.2.1.1 The US dominates the North American laboratory proficiency testing market 193
TABLE 92 US: LABORATORY PROFICIENCY TESTING MARKET, BY INDUSTRY,
2019–2026 (USD MILLION) 194
TABLE 93 US: CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 195
TABLE 94 US: MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 195
TABLE 95 US: FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 196
TABLE 96 US: COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 196
TABLE 97 US: PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 197
TABLE 98 US: BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 197
TABLE 99 US: COSMETIC LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 197
TABLE 100 US: CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 198
TABLE 101 US: LABORATORY PROFICIENCY TESTING MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 198
9.2.2 CANADA 199
9.2.2.1 Growing demand for analytical testing services will support the growth of the laboratory proficiency testing market 199
TABLE 102 CANADA: LABORATORY PROFICIENCY TESTING MARKET, BY INDUSTRY, 2019–2026 (USD MILLION) 200
TABLE 103 CANADA: CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 200
TABLE 104 CANADA: MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 201
TABLE 105 CANADA: FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 201
TABLE 106 CANADA: COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 202
TABLE 107 CANADA: PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 202
TABLE 108 CANADA: BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 202
TABLE 109 CANADA: COSMETIC LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 203
TABLE 110 CANADA: CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 203
TABLE 111 CANADA: LABORATORY PROFICIENCY TESTING MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION) 204
9.3 EUROPE 204
TABLE 112 EUROPE: LABORATORY PROFICIENCY TESTING MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 205
TABLE 113 EUROPE: LABORATORY PROFICIENCY TESTING MARKET, BY INDUSTRY, 2019–2026 (USD MILLION) 206
TABLE 114 EUROPE: CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 206
TABLE 115 EUROPE: PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 207
TABLE 116 EUROPE: BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 207
TABLE 117 EUROPE: MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 208
TABLE 118 EUROPE: COSMETIC LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 208
TABLE 119 EUROPE: CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 209
TABLE 120 EUROPE: FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 209
TABLE 121 EUROPE: COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 210
TABLE 122 EUROPE: LABORATORY PROFICIENCY TESTING MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION) 210
9.3.1 GERMANY 210
9.3.1.1 Germany is the largest market for laboratory proficiency testing in Europe 210
TABLE 123 GERMANY: LABORATORY PROFICIENCY TESTING MARKET, BY INDUSTRY, 2019–2026 (USD MILLION) 212
TABLE 124 GERMANY: CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 212
TABLE 125 GERMANY: MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 213
TABLE 126 GERMANY: PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 213
TABLE 127 GERMANY: BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 214
TABLE 128 GERMANY: COSMETIC LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 214
TABLE 129 GERMANY: CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 215
TABLE 130 GERMANY: FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 215
TABLE 131 GERMANY: COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 216
TABLE 132 GERMANY: LABORATORY PROFICIENCY TESTING MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION) 216
9.3.2 FRANCE 216
9.3.2.1 France is among the most attractive destinations for FDI projects in Europe 216
TABLE 133 FRANCE: LABORATORY PROFICIENCY TESTING MARKET, BY INDUSTRY, 2019–2026 (USD MILLION) 217
TABLE 134 FRANCE: CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 218
TABLE 135 FRANCE: MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 218
TABLE 136 FRANCE: PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 219
TABLE 137 FRANCE: BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 219
TABLE 138 FRANCE: COSMETIC LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 219
TABLE 139 FRANCE: CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 220
TABLE 140 FRANCE: FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 220
TABLE 141 FRANCE: COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 221
TABLE 142 FRANCE: LABORATORY PROFICIENCY TESTING MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION) 221
9.3.3 UK 221
9.3.3.1 Increased government funding for biopharmaceutical research will support the growth of proficiency testing in pharmaceutical and biologic industries 221
TABLE 143 UK: LABORATORY PROFICIENCY TESTING MARKET, BY INDUSTRY,
2019–2026 (USD MILLION) 222
TABLE 144 UK: CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 223
TABLE 145 UK: MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 223
TABLE 146 UK: PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 224
TABLE 147 UK: BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 224
TABLE 148 UK: COSMETIC LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 224
TABLE 149 UK: CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 225
TABLE 150 UK: FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 225
TABLE 151 UK: COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 226
TABLE 152 UK: LABORATORY PROFICIENCY TESTING MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 226
9.3.4 ITALY 226
9.3.4.1 Increasing number of clinical trials to support market growth 226
TABLE 153 ITALY: LABORATORY PROFICIENCY TESTING MARKET, BY INDUSTRY,
2019–2026 (USD MILLION) 227
TABLE 154 ITALY: PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 228
TABLE 155 ITALY: CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 228
TABLE 156 ITALY: MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 229
TABLE 157 ITALY: BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 229
TABLE 158 ITALY: COSMETIC LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 229
TABLE 159 ITALY: CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 230
TABLE 160 ITALY: FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 230
TABLE 161 ITALY: COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 231
TABLE 162 ITALY: LABORATORY PROFICIENCY TESTING MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION) 231
9.3.5 SPAIN 231
9.3.5.1 Growth in the biologics market and the rising consumption of biosimilars will drive the market for laboratory proficiency testing 231
TABLE 163 SPAIN: LABORATORY PROFICIENCY TESTING MARKET, BY INDUSTRY,
2019–2026 (USD MILLION) 232
TABLE 164 SPAIN: CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 233
TABLE 165 SPAIN: MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 233
TABLE 166 SPAIN: PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 234
TABLE 167 SPAIN: BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 234
TABLE 168 SPAIN: COSMETIC LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 234
TABLE 169 SPAIN: CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 235
TABLE 170 SPAIN: FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 235
TABLE 171 SPAIN: COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 236
TABLE 172 SPAIN: LABORATORY PROFICIENCY TESTING MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION) 236
1 INTRODUCTION 43
1.1 OBJECTIVES OF THE STUDY 43
1.2 MARKET DEFINITION 43
1.2.1 INCLUSIONS & EXCLUSIONS OF THE STUDY 44
1.3 MARKET SCOPE 44
1.3.1 MARKETS COVERED 44
FIGURE 1 GLOBAL LABORATORY PROFICIENCY TESTING MARKET 45
1.3.2 YEARS CONSIDERED FOR THE STUDY 46
1.4 CURRENCY 46
TABLE 1 STANDARD CURRENCY CONVERSION RATES 46
1.5 LIMITATIONS 47
1.6 STAKEHOLDERS 47
1.7 SUMMARY OF CHANGES 47
2 RESEARCH METHODOLOGY 49
2.1 RESEARCH APPROACH 49
FIGURE 2 RESEARCH DESIGN 49
2.1.1 SECONDARY DATA 50
2.1.1.1 Key data from secondary sources 50
2.1.2 SECONDARY RESEARCH 51
2.1.3 PRIMARY RESEARCH 52
FIGURE 3 PRIMARY SOURCES 52
2.1.3.1 Key data from primary sources 53
FIGURE 4 INSIGHTS FROM INDUSTRY EXPERTS 53
2.1.3.2 Breakdown of primary sources 54
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS: SUPPLY-SIDE AND
DEMAND-SIDE PARTICIPANTS 54
FIGURE 6 PRIMARY SOURCES 54
2.2 MARKET SIZE ESTIMATION 54
2.2.1 BOTTOM-UP APPROACH 55
FIGURE 7 LABORATORY PROFICIENCY TESTING MARKET: BOTTOM-UP APPROACH 55
2.2.2 TOP-DOWN APPROACH 56
FIGURE 8 TOP-DOWN APPROACH 56
FIGURE 9 SUPPLY-SIDE MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS 57
FIGURE 10 SUPPLY-SIDE MARKET SIZE ESTIMATION: LABORATORY PROFICIENCY TESTING MARKET (2020) 57
FIGURE 11 CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS 58
FIGURE 12 CAGR PROJECTIONS FROM THE ANALYSIS OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF THE LABORATORY PROFICIENCY TESTING MARKET (2021–2026) 59
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 60
FIGURE 13 DATA TRIANGULATION METHODOLOGY 60
2.4 MARKET SHARE ESTIMATION 61
2.5 ASSUMPTIONS FOR THE STUDY 61
2.6 RISK ASSESSMENT 62
TABLE 2 RISK ASSESSMENT: LABORATORY PROFICIENCY TESTING MARKET 62
2.7 COVID-19 HEALTH ASSESSMENT 62
2.8 COVID-19 ECONOMIC ASSESSMENT 62
2.9 ASSESSMENT OF THE IMPACT OF COVID-19 ON THE ECONOMIC SCENARIO 63
FIGURE 14 CRITERIA IMPACTING THE GLOBAL ECONOMY 63
FIGURE 15 RECOVERY SCENARIO OF THE GLOBAL ECONOMY 64
3 EXECUTIVE SUMMARY 65
FIGURE 16 LABORATORY PROFICIENCY TESTING MARKET, BY INDUSTRY,
2021 VS. 2026 (USD MILLION) 65
FIGURE 17 CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2021 VS. 2026 (USD MILLION) 66
FIGURE 18 FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2021 VS. 2026 (USD MILLION) 67
FIGURE 19 MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2021 VS. 2026 (USD MILLION) 67
FIGURE 20 PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2021 VS. 2026 (USD MILLION) 68
FIGURE 21 LABORATORY PROFICIENCY TESTING MARKET, BY TECHNOLOGY,
2021 VS. 2026 (USD MILLION) 69
FIGURE 22 GEOGRAPHICAL SNAPSHOT OF THE LABORATORY PROFICIENCY TESTING MARKET 70
4 PREMIUM INSIGHTS 72
4.1 LABORATORY PROFICIENCY TESTING MARKET OVERVIEW 72
FIGURE 23 STRINGENT SAFETY AND QUALITY REGULATIONS FOR FOOD AND PHARMACEUTICAL PRODUCTS TO DRIVE MARKET GROWTH 72
4.2 CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE (2021–2026) 73
FIGURE 24 CLINICAL CHEMISTRY SEGMENT TO REGISTER THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD (2021–2026) 73
4.3 ASIA PACIFIC: LABORATORY PROFICIENCY TESTING MARKET,
BY TECHNOLOGY AND COUNTRY (2020) 74
FIGURE 25 CELL CULTURE ACCOUNTED FOR THE LARGEST SHARE OF THE APAC LABORATORY PROFICIENCY TESTING MARKET IN 2020 74
4.4 LABORATORY PROFICIENCY TESTING MARKET: GEOGRAPHIC MIX 75
FIGURE 26 CHINA TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD 75
4.5 LABORATORY PROFICIENCY TESTING MARKET: DEVELOPED VS.
DEVELOPING MARKETS (USD MILLION) 76
FIGURE 27 DEVELOPING MARKETS TO REGISTER A HIGHER GROWTH RATE DURING THE FORECAST PERIOD 76
5 MARKET OVERVIEW 77
5.1 INTRODUCTION 77
5.2 MARKET DYNAMICS 77
FIGURE 28 LABORATORY PROFICIENCY TESTING MARKET:
DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 77
5.2.1 MARKET DRIVERS 78
5.2.1.1 Proficiency testing is an essential precondition for operational excellence 78
FIGURE 29 CLIA-REGISTERED LABORATORIES GLOBALLY (2011–2021) 79
5.2.1.2 Stringent safety and quality regulations for food and pharmaceutical products 79
TABLE 3 FOOD SAFETY LEGISLATION IN DEVELOPING COUNTRIES 80
TABLE 4 PHARMACEUTICALS: REGULATORY AGENCIES 81
5.2.1.3 Increasing focus on water testing 81
5.2.2 MARKET RESTRAINTS 82
5.2.2.1 Requirement of high-capital investments for accurate and sensitive testing 82
TABLE 5 COST OF ADVANCED TECHNOLOGIES USED FOR PROFICIENCY TESTING 82
5.2.3 MARKET OPPORTUNITIES 83
5.2.3.1 Technological advancements in the testing industry 83
5.2.3.2 Growth opportunities in emerging countries 83
FIGURE 30 PROJECTED PHARMACEUTICAL SALES IN ASIAN COUNTRIES (2022) 84
5.2.4 MARKET CHALLENGES 84
5.2.4.1 Need for proficiency testing scheme harmonization 84
5.2.4.2 Logistical and data interpretation challenges 85
5.2.4.3 Dearth of skilled professionals 85
6 INDUSTRY INSIGHTS 86
6.1 INTRODUCTION 86
6.2 INDUSTRY TRENDS 86
6.2.1 GROWING FOCUS ON ORGANIC GROWTH STRATEGIES 86
TABLE 6 NUMBER OF PRODUCT LAUNCHES, BY KEY PLAYER
(JANUARY 2018 TO FEBRUARY 2022) 86
6.3 ECOSYSTEM/MARKET MAP 87
TABLE 7 LABORATORY PROFICIENCY TESTING MARKET: ECOSYSTEM 87
6.4 PRICING ANALYSIS 88
TABLE 8 PRICING ANALYSIS OF LABORATORY PROFICIENCY
TESTING PROGRAMS (2021) 88
6.5 ECOSYSTEM ANALYSIS 89
6.6 PATENT ANALYSIS 90
6.6.1 PATENT PUBLICATION TRENDS FOR LABORATORY PROFICIENCY TESTING 90
FIGURE 31 PATENT PUBLICATION TRENDS (2011–2021) 90
6.6.2 INSIGHTS: JURISDICTION AND TOP APPLICANT ANALYSIS 90
FIGURE 32 TOP APPLICANTS & OWNERS (COMPANIES/INSTITUTIONS) FOR PROFICIENCY TESTING PATENTS (JANUARY 2011–FEBRUARY 2022) 91
FIGURE 33 TOP APPLICANT COUNTRIES/REGIONS FOR PROFICIENCY TESTING PATENTS (JANUARY 2011–FEBRUARY 2022) 92
6.7 SUPPLY CHAIN ANALYSIS 92
FIGURE 34 SUPPLY CHAIN ANALYSIS 93
6.8 PORTER’S FIVE FORCES ANALYSIS 93
TABLE 9 LABORATORY PROFICIENCY TESTING MARKET: PORTER’S FIVE FORCES ANALYSIS 93
6.8.1 THREAT OF NEW ENTRANTS 94
6.8.2 THREAT OF SUBSTITUTES 94
6.8.3 BARGAINING POWER OF BUYERS 94
6.8.4 BARGAINING POWER OF SUPPLIERS 94
6.8.5 COMPETITIVE RIVALRY AMONG EXISTING PLAYERS 94
6.9 TRENDS & DISRUPTIONS AFFECTING CUSTOMERS’ BUSINESS 95
FIGURE 35 LABORATORY PROFICIENCY TESTING MARKET:
TRENDS & DISRUPTIONS AFFECTING CUSTOMERS’ BUSINESS 95
6.10 REGULATORY LANDSCAPE 95
TABLE 10 ICH QUALITY GUIDELINES FOR PHARMACEUTICAL GMPS 96
TABLE 11 EUROPE: ACCREDITATION BODIES FOR MEDICAL LABORATORIES 97
TABLE 12 DEVELOPMENT OF GLP ACROSS COUNTRIES 98
TABLE 13 OVERVIEW OF GUIDELINES OF LABORATORY SERVICES 98
TABLE 14 REGULATORY AUTHORITIES AND LAUNCH OF GLP MONITORING PROGRAMS IN EUROPEAN COUNTRIES 99
7 LABORATORY PROFICIENCY TESTING MARKET, BY INDUSTRY 100
7.1 INTRODUCTION 101
FIGURE 36 LABORATORY PROFICIENCY TESTING MARKET, BY INDUSTRY,
2021 VS. 2026 (USD MILLION) 101
TABLE 15 LABORATORY PROFICIENCY TESTING MARKET, BY INDUSTRY,
2019–2026 (USD MILLION) 102
7.2 CLINICAL DIAGNOSTICS 102
7.2.1 INCREASING INCIDENCE OF TARGET DISEASES AND RISING DEMAND FOR EARLY AND ACCURATE DISEASE DIAGNOSIS WILL DRIVE THE MARKET FOR CLINICAL DIAGNOSTICS 102
TABLE 16 CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 103
TABLE 17 CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 104
7.2.2 DRIVERS 104
7.2.2.1 Increasing adoption of fully automated instruments and automation in laboratories 104
7.2.2.2 Growth opportunities in developing economies 105
7.2.3 RESTRAINTS 105
7.2.3.1 Procedural shift from lab-based to home-based/point-of-care testing procedures 105
7.2.4 CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE 105
7.2.4.1 Clinical chemistry 105
TABLE 18 CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET FOR CLINICAL CHEMISTRY, BY COUNTRY, 2019–2026 (USD MILLION) 106
7.2.4.2 Immunoassay/immunochemistry 107
TABLE 19 CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET FOR IMMUNOASSAY/IMMUNOCHEMISTRY, BY COUNTRY,
2019–2026 (USD MILLION) 107
7.2.4.3 Hematology 108
TABLE 20 CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET FOR HEMATOLOGY, BY COUNTRY, 2019–2026 (USD MILLION) 108
7.2.4.4 Molecular diagnostics 109
TABLE 21 CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET FOR MOLECULAR DIAGNOSTICS, BY COUNTRY, 2019–2026 (USD MILLION) 110
7.2.4.5 Cytology 110
TABLE 22 CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET FOR CYTOLOGY, BY COUNTRY, 2019–2026 (USD MILLION) 111
7.2.4.6 Other clinical diagnostics 111
TABLE 23 OTHER CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET , BY COUNTRY, 2019–2026 (USD MILLION) 112
7.3 MICROBIOLOGY 113
7.3.1 INCREASING FOCUS ON ENSURING SAFETY AND COMPLIANCE IN LABORATORIES TO SUPPORT MARKET GROWTH 113
TABLE 24 MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 113
TABLE 25 MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 114
7.3.2 DRIVERS 114
7.3.2.1 Stringent safety regulations 114
7.3.3 MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET, BY TYPE 115
7.3.3.1 Pathogen testing 115
TABLE 26 MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET FOR PATHOGEN TESTING, BY COUNTRY, 2019–2026 (USD MILLION) 115
7.3.3.2 Sterility testing 116
TABLE 27 MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET FOR STERILITY TESTING, BY COUNTRY, 2019–2026 (USD MILLION) 116
7.3.3.3 Endotoxin & pyrogen testing 117
TABLE 28 MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET FOR ENDOTOXIN & PYROGEN TESTING, BY COUNTRY, 2019–2026 (USD MILLION) 117
7.3.3.4 Growth promotion testing 117
TABLE 29 MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET FOR GROWTH PROMOTION TESTING, BY COUNTRY, 2019–2026 (USD MILLION) 118
7.3.3.5 Other microbial testing 118
TABLE 30 OTHER MICROBIAL LABORATORY PROFICIENCY TESTING MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 119
7.4 FOOD & ANIMAL FEED 119
7.4.1 NEED TO ENSURE THE SAFETY AND QUALITY OF FOOD PRODUCTS TO PROPEL MARKET GROWTH 119
TABLE 31 FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 120
TABLE 32 FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 121
7.4.2 DRIVERS 121
7.4.2.1 Stringent food safety regulations 121
7.4.2.2 Increasing outbreaks of foodborne illnesses 122
7.4.2.3 Increasing demand for packaged food products 122
7.4.2.4 Increasing instances of chemical contamination in food processing and manufacturing 123
7.4.3 RESTRAINTS 123
7.4.3.1 Lack of harmonization of food safety regulations 123
7.4.3.2 Lack of food control infrastructure in developing countries 123
7.4.4 FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE 123
7.4.4.1 Meat & meat products 123
TABLE 33 FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET FOR MEAT & MEAT PRODUCTS, BY COUNTRY, 2019–2026 (USD MILLION) 124
7.4.4.2 Vegetables & fruits 124
TABLE 34 FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET FOR VEGETABLES & FRUITS, BY COUNTRY, 2019–2026 (USD MILLION) 125
7.4.4.3 Dairy products 125
TABLE 35 FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET FOR DAIRY PRODUCTS, BY COUNTRY, 2019–2026 (USD MILLION) 126
7.4.4.4 Fish 126
TABLE 36 FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET FOR FISH, BY COUNTRY, 2019–2026 (USD MILLION) 127
7.4.4.5 Eggs 127
TABLE 37 FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET FOR EGGS, BY COUNTRY, 2019–2026 (USD MILLION) 128
7.4.4.6 Fat/oil 128
TABLE 38 FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET FOR FAT/OIL, BY COUNTRY, 2019–2026 (USD MILLION) 129
7.4.4.7 Other food & animal feed 129
TABLE 39 OTHER FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 130
7.5 COMMERCIAL BEVERAGES 130
7.5.1 RISING CONSUMPTION OF COMMERCIAL BEVERAGES WILL DRIVE THE MARKET FOR PROFICIENCY TESTING 130
TABLE 40 COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 131
TABLE 41 COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 131
7.5.2 DRIVERS 132
7.5.2.1 Rising consumption of commercial beverages 132
7.5.3 RESTRAINTS 132
7.5.3.1 High capital investment 132
7.5.4 COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE 132
7.5.4.1 Non-alcoholic beverages 132
TABLE 42 COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET FOR NON-ALCOHOLIC BEVERAGES, BY COUNTRY, 2019–2026 (USD MILLION) 133
7.5.4.2 Alcoholic beverages 133
TABLE 43 COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET FOR ALCOHOLIC BEVERAGES, BY COUNTRY, 2019–2026 (USD MILLION) 134
7.6 ENVIRONMENTAL 134
7.6.1 STRINGENT ENVIRONMENTAL PROTECTION REGULATIONS WILL DRIVE THE MARKET FOR LABORATORY PROFICIENCY TESTING 134
TABLE 44 ENVIRONMENTAL LABORATORY PROFICIENCY TESTING MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 135
7.6.2 DRIVERS 135
7.6.2.1 Privatization of environmental testing services 135
7.6.2.2 Environment protection regulations 136
TABLE 45 PROMINENT ENVIRONMENT PROTECTION REGULATIONS, BY COUNTRY 136
7.6.2.3 Availability of cost- and time-efficient customized testing services 137
7.6.3 RESTRAINTS 137
7.6.3.1 Lack of basic supporting infrastructure 137
7.7 PHARMACEUTICALS 137
7.7.1 INCREASING USE OF GENERIC DRUGS TO DRIVE THE MARKET FOR PROFICIENCY TESTING 137
TABLE 46 PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 138
TABLE 47 PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 138
7.7.2 DRIVERS 139
7.7.2.1 Stringent quality control in the production of pharmaceutical products 139
7.7.2.2 Growth of the pharmaceuticals market 139
FIGURE 37 GLOBAL PHARMACEUTICAL DRUG SALES, 2011–2020 (USD BILLION) 139
7.7.2.3 Surge in the generics market 140
7.7.2.4 Emerging biosimilars market 140
7.7.3 RESTRAINTS 141
7.7.3.1 Cost and time-intensive drug manufacturing process 141
7.7.4 PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET, BY TYPE 141
7.7.4.1 Branded/innovator drugs 141
TABLE 48 PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET FOR BRANDED/INNOVATOR DRUGS, BY COUNTRY, 2019–2026 (USD MILLION) 142
7.7.4.2 Generic drugs 142
TABLE 49 PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET FOR GENERIC DRUGS, BY COUNTRY, 2019–2026 (USD MILLION) 143
7.7.4.3 Over-the-counter drugs 143
TABLE 50 PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET FOR OVER-THE-COUNTER DRUGS, BY COUNTRY, 2019–2026 (USD MILLION) 144
7.7.4.4 Biosimilars 144
TABLE 51 PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET FOR BIOSIMILARS, BY COUNTRY, 2019–2026 (USD MILLION) 145
7.8 WATER 145
7.8.1 RISING PREVALENCE OF WATERBORNE DISEASES HAS INCREASED THE DEMAND FOR PROFICIENCY TESTING 145
TABLE 52 WATER LABORATORY PROFICIENCY TESTING MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 147
7.8.2 DRIVERS 147
7.8.2.1 Growing industrial applications 147
7.8.2.2 Increasing need for microbial water quality analysis 148
7.8.3 RESTRAINTS 148
7.8.3.1 Limited market penetration in non-industrial applications 148
7.9 NUTRACEUTICALS 148
7.9.1 GROWING NUTRACEUTICALS MARKET HAS INCREASED THE NEED FOR PROFICIENCY TESTING 148
TABLE 53 NUTRACEUTICAL LABORATORY PROFICIENCY TESTING MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 149
7.10 BIOLOGICS 149
7.10.1 NEED TO DETECT CONTAMINANTS IN PRODUCTS INTENDED FOR HUMAN USE TO DRIVE THE MARKET 149
TABLE 54 BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE,
2019–2026 (USD MILLION) 150
TABLE 55 BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 151
7.10.2 DRIVERS 151
7.10.2.1 Growing R&D investments in the life sciences industry 151
7.10.2.2 High incidence and large economic burden of chronic diseases 152
7.10.3 RESTRAINTS 152
7.10.3.1 Dearth of skilled professionals 152
7.10.4 BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE 152
7.10.4.1 Monoclonal antibodies 152
TABLE 56 BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET FOR MONOCLONAL ANTIBODIES, BY COUNTRY, 2019–2026 (USD MILLION) 153
7.10.4.2 Vaccines 153
FIGURE 38 NUMBER OF CORONAVIRUS (COVID-19) DRUGS AND VACCINES IN DEVELOPMENT WORLDWIDE, BY PHASE (AS OF FEBRUARY 2022) 154
TABLE 57 BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET FOR VACCINES,
BY COUNTRY, 2019–2026 (USD MILLION) 155
7.10.4.3 Blood 155
TABLE 58 BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET FOR BLOOD,
BY COUNTRY, 2019–2026 (USD MILLION) 156
7.10.4.4 Tissue 156
TABLE 59 BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET FOR TISSUE,
BY COUNTRY, 2019–2026 (USD MILLION) 157
7.11 CANNABIS/OPIOIDS 157
7.11.1 LEGALIZATION OF MEDICAL CANNABIS TO SUPPORT MARKET GROWTH 157
TABLE 60 CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 158
TABLE 61 CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 159
7.11.2 DRIVERS 159
7.11.2.1 Legalization of medical cannabis and the growing number of cannabis testing laboratories 159
7.11.2.2 Emerging markets 160
7.11.2.3 Growing adoption of LIMS in cannabis testing laboratories 160
7.11.2.4 Increasing awareness 160
7.11.3 RESTRAINTS 160
7.11.3.1 Dearth of trained laboratory professionals 160
7.11.3.2 Lack of industry standards for cannabis testing 160
7.11.3.3 High startup costs for cannabis testing laboratories 161
7.11.4 CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE 161
7.11.4.1 Potency testing 161
TABLE 62 CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET FOR POTENCY TESTING, BY COUNTRY, 2019–2026 (USD MILLION) 162
7.11.4.2 Terpene profiling 162
TABLE 63 CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET FOR TERPENE PROFILING, BY COUNTRY, 2019–2026 (USD MILLION) 163
7.11.4.3 Residual solvents 163
TABLE 64 CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET FOR RESIDUAL SOLVENTS, BY COUNTRY, 2019–2026 (USD MILLION) 164
7.11.4.4 Pesticide screening 164
TABLE 65 CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET FOR PESTICIDE SCREENING, BY COUNTRY, 2019–2026 (USD MILLION) 165
7.11.4.5 Heavy metal testing 165
TABLE 66 CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET FOR HEAVY METAL TESTING, BY COUNTRY, 2019–2026 (USD MILLION) 166
7.11.4.6 Other cannabis/opioids testing 166
TABLE 67 OTHER CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 167
7.12 DIETARY SUPPLEMENTS 167
7.12.1 NEED TO ENSURE THE SAFETY AND QUALITY OF THESE SUPPLEMENTS TO DRIVE THE MARKET 167
TABLE 68 DIETARY SUPPLEMENT LABORATORY PROFICIENCY TESTING MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 168
7.13 COSMETICS 168
7.13.1 DEMAND FOR ENVIRONMENTALLY FRIENDLY AND SUSTAINABLE COSMETICS TO PROPEL THE MARKET 168
TABLE 69 COSMETIC LABORATORY PROFICIENCY TESTING MARKET, BY TYPE,
2019–2026 (USD MILLION) 169
TABLE 70 COSMETIC LABORATORY PROFICIENCY TESTING MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 169
7.13.2 DRIVERS 170
7.13.2.1 Opposition to animal testing 170
7.13.2.2 Customer interest in environmentally friendly and sustainable product ingredients in cosmetics and personal care products 170
7.13.3 COSMETIC LABORATORY PROFICIENCY TESTING MARKET, BY TYPE 170
7.13.3.1 Trace elements 170
TABLE 71 COSMETIC LABORATORY PROFICIENCY TESTING MARKET FOR TRACE ELEMENTS, BY COUNTRY, 2019–2026 (USD MILLION) 171
7.13.3.2 Other cosmetic testing 171
TABLE 72 OTHER COSMETIC LABORATORY PROFICIENCY TESTING MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 172
8 LABORATORY PROFICIENCY TESTING MARKET, BY TECHNOLOGY 173
8.1 INTRODUCTION 174
FIGURE 39 LABORATORY PROFICIENCY TESTING MARKET, BY TECHNOLOGY,
2021 VS. 2026 (USD MILLION) 174
TABLE 73 LABORATORY PROFICIENCY TESTING MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 174
8.2 CELL CULTURE 175
8.2.1 GROWING AWARENESS REGARDING THE USE OF CELL CULTURES IN THE PRODUCTION AND TESTING OF VARIOUS BIOPHARMACEUTICALS TO SUPPORT MARKET GROWTH 175
TABLE 74 LABORATORY PROFICIENCY TESTING MARKET FOR CELL CULTURE,
BY COUNTRY, 2019–2026 (USD MILLION) 176
8.3 POLYMERASE CHAIN REACTION (PCR) 176
8.3.1 PCR ALLOWS HIGH SPECIFICITY AND ACCURACY WITH IMPROVED SENSITIVITY 176
TABLE 75 LABORATORY PROFICIENCY TESTING MARKET FOR PCR, BY COUNTRY,
2019–2026 (USD MILLION) 178
8.4 IMMUNOASSAYS 178
8.4.1 EMERGENCE OF COST-EFFECTIVE TECHNOLOGIES AND LABORATORY AUTOMATION FOR IMMUNOASSAYS TO DRIVE THE MARKET 178
TABLE 76 LABORATORY PROFICIENCY TESTING MARKET FOR IMMUNOASSAYS,
BY COUNTRY, 2019–2026 (USD MILLION) 179
8.5 CHROMATOGRAPHY 180
8.5.1 HIGH ADOPTION OF CHROMATOGRAPHY IN BIOLOGICS AND PHARMACEUTICAL INDUSTRY TO DRIVE THE MARKET 180
TABLE 77 LABORATORY PROFICIENCY TESTING MARKET FOR CHROMATOGRAPHY,
BY COUNTRY, 2019–2026 (USD MILLION) 181
8.6 SPECTROPHOTOMETRY 181
8.6.1 TECHNOLOGICAL ADVANCEMENTS, GOVERNMENT INITIATIVES, AND INCREASING SPENDING ON PHARMACEUTICAL R&D TO DRIVE THE MARKET 181
TABLE 78 LABORATORY PROFICIENCY TESTING MARKET FOR SPECTROPHOTOMETRY, BY COUNTRY, 2019–2026 (USD MILLION) 183
8.7 OTHER TECHNOLOGIES 183
TABLE 79 LABORATORY PROFICIENCY TESTING MARKET FOR OTHER TECHNOLOGIES, BY COUNTRY, 2019–2026 (USD MILLION) 184
9 LABORATORY PROFICIENCY TESTING MARKET, BY REGION 185
9.1 INTRODUCTION 186
FIGURE 40 LABORATORY PROFICIENCY TESTING MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES (2020) 186
TABLE 80 LABORATORY PROFICIENCY TESTING MARKET, BY REGION,
2019–2026 (USD MILLION) 187
9.2 NORTH AMERICA 187
FIGURE 41 NORTH AMERICA: LABORATORY PROFICIENCY TESTING MARKET SNAPSHOT 188
TABLE 81 NORTH AMERICA: LABORATORY PROFICIENCY TESTING MARKET,
BY COUNTRY, 2019–2026 (USD MILLION) 188
TABLE 82 NORTH AMERICA: LABORATORY PROFICIENCY TESTING MARKET,
BY INDUSTRY, 2019–2026 (USD MILLION) 189
TABLE 83 NORTH AMERICA: CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 189
TABLE 84 NORTH AMERICA: MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 190
TABLE 85 NORTH AMERICA: FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 190
TABLE 86 NORTH AMERICA: COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 191
TABLE 87 NORTH AMERICA: PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 191
TABLE 88 NORTH AMERICA: BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 191
TABLE 89 NORTH AMERICA: COSMETIC LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 192
TABLE 90 NORTH AMERICA: CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 192
TABLE 91 NORTH AMERICA: LABORATORY PROFICIENCY TESTING MARKET,
BY TECHNOLOGY, 2019–2026 (USD MILLION) 193
9.2.1 US 193
9.2.1.1 The US dominates the North American laboratory proficiency testing market 193
TABLE 92 US: LABORATORY PROFICIENCY TESTING MARKET, BY INDUSTRY,
2019–2026 (USD MILLION) 194
TABLE 93 US: CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 195
TABLE 94 US: MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 195
TABLE 95 US: FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 196
TABLE 96 US: COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 196
TABLE 97 US: PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 197
TABLE 98 US: BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 197
TABLE 99 US: COSMETIC LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 197
TABLE 100 US: CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 198
TABLE 101 US: LABORATORY PROFICIENCY TESTING MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 198
9.2.2 CANADA 199
9.2.2.1 Growing demand for analytical testing services will support the growth of the laboratory proficiency testing market 199
TABLE 102 CANADA: LABORATORY PROFICIENCY TESTING MARKET, BY INDUSTRY, 2019–2026 (USD MILLION) 200
TABLE 103 CANADA: CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 200
TABLE 104 CANADA: MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 201
TABLE 105 CANADA: FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 201
TABLE 106 CANADA: COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 202
TABLE 107 CANADA: PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 202
TABLE 108 CANADA: BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 202
TABLE 109 CANADA: COSMETIC LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 203
TABLE 110 CANADA: CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 203
TABLE 111 CANADA: LABORATORY PROFICIENCY TESTING MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION) 204
9.3 EUROPE 204
TABLE 112 EUROPE: LABORATORY PROFICIENCY TESTING MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 205
TABLE 113 EUROPE: LABORATORY PROFICIENCY TESTING MARKET, BY INDUSTRY, 2019–2026 (USD MILLION) 206
TABLE 114 EUROPE: CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 206
TABLE 115 EUROPE: PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 207
TABLE 116 EUROPE: BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 207
TABLE 117 EUROPE: MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 208
TABLE 118 EUROPE: COSMETIC LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 208
TABLE 119 EUROPE: CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 209
TABLE 120 EUROPE: FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 209
TABLE 121 EUROPE: COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 210
TABLE 122 EUROPE: LABORATORY PROFICIENCY TESTING MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION) 210
9.3.1 GERMANY 210
9.3.1.1 Germany is the largest market for laboratory proficiency testing in Europe 210
TABLE 123 GERMANY: LABORATORY PROFICIENCY TESTING MARKET, BY INDUSTRY, 2019–2026 (USD MILLION) 212
TABLE 124 GERMANY: CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 212
TABLE 125 GERMANY: MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 213
TABLE 126 GERMANY: PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 213
TABLE 127 GERMANY: BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 214
TABLE 128 GERMANY: COSMETIC LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 214
TABLE 129 GERMANY: CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 215
TABLE 130 GERMANY: FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 215
TABLE 131 GERMANY: COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 216
TABLE 132 GERMANY: LABORATORY PROFICIENCY TESTING MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION) 216
9.3.2 FRANCE 216
9.3.2.1 France is among the most attractive destinations for FDI projects in Europe 216
TABLE 133 FRANCE: LABORATORY PROFICIENCY TESTING MARKET, BY INDUSTRY, 2019–2026 (USD MILLION) 217
TABLE 134 FRANCE: CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 218
TABLE 135 FRANCE: MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 218
TABLE 136 FRANCE: PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 219
TABLE 137 FRANCE: BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 219
TABLE 138 FRANCE: COSMETIC LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 219
TABLE 139 FRANCE: CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 220
TABLE 140 FRANCE: FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 220
TABLE 141 FRANCE: COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 221
TABLE 142 FRANCE: LABORATORY PROFICIENCY TESTING MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION) 221
9.3.3 UK 221
9.3.3.1 Increased government funding for biopharmaceutical research will support the growth of proficiency testing in pharmaceutical and biologic industries 221
TABLE 143 UK: LABORATORY PROFICIENCY TESTING MARKET, BY INDUSTRY,
2019–2026 (USD MILLION) 222
TABLE 144 UK: CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 223
TABLE 145 UK: MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 223
TABLE 146 UK: PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 224
TABLE 147 UK: BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 224
TABLE 148 UK: COSMETIC LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 224
TABLE 149 UK: CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 225
TABLE 150 UK: FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 225
TABLE 151 UK: COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 226
TABLE 152 UK: LABORATORY PROFICIENCY TESTING MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 226
9.3.4 ITALY 226
9.3.4.1 Increasing number of clinical trials to support market growth 226
TABLE 153 ITALY: LABORATORY PROFICIENCY TESTING MARKET, BY INDUSTRY,
2019–2026 (USD MILLION) 227
TABLE 154 ITALY: PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 228
TABLE 155 ITALY: CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 228
TABLE 156 ITALY: MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 229
TABLE 157 ITALY: BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 229
TABLE 158 ITALY: COSMETIC LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 229
TABLE 159 ITALY: CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 230
TABLE 160 ITALY: FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 230
TABLE 161 ITALY: COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 231
TABLE 162 ITALY: LABORATORY PROFICIENCY TESTING MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION) 231
9.3.5 SPAIN 231
9.3.5.1 Growth in the biologics market and the rising consumption of biosimilars will drive the market for laboratory proficiency testing 231
TABLE 163 SPAIN: LABORATORY PROFICIENCY TESTING MARKET, BY INDUSTRY,
2019–2026 (USD MILLION) 232
TABLE 164 SPAIN: CLINICAL DIAGNOSTICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 233
TABLE 165 SPAIN: MICROBIOLOGY LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 233
TABLE 166 SPAIN: PHARMACEUTICAL LABORATORY PROFICIENCY TESTING MARKET,
BY TYPE, 2019–2026 (USD MILLION) 234
TABLE 167 SPAIN: BIOLOGICS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 234
TABLE 168 SPAIN: COSMETIC LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 234
TABLE 169 SPAIN: CANNABIS/OPIOIDS LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 235
TABLE 170 SPAIN: FOOD & ANIMAL FEED LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 235
TABLE 171 SPAIN: COMMERCIAL BEVERAGE LABORATORY PROFICIENCY TESTING MARKET, BY TYPE, 2019–2026 (USD MILLION) 236
TABLE 172 SPAIN: LABORATORY PROFICIENCY TESTING MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION) 236
MarketsandMarkets
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1 INTRODUCTION 31
1.1 OBJECTIVES OF THE STUDY 31
1.2 MARKET DEFINITION 31
1.2.1 INCLUSIONS & EXCLUSIONS 31
1.3 MARKET SCOPE 32
1.3.1 YEARS COVERED FOR THE STUDY 33
1.4 CURRENCY 33
1.5 LIMITATIONS 33
1.6 MARKET STAKEHOLDERS 34
1.7 SUMMARY OF CHANGES 34
2 RESEARCH METHODOLOGY 35
2.1 RESEARCH DATA 35
FIGURE 1 RESEARCH DESIGN 35
2.1.1 SECONDARY DATA 36
2.1.1.1 Secondary sources 37
2.1.2 PRIMARY DATA 37
FIGURE 2 PRIMARY SOURCES 37
2.1.2.1 Key data from primary sources 38
2.1.2.2 Key industry insights 39
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 39
2.2 MARKET SIZE ESTIMATION 40
FIGURE 4 REVENUE SHARE ANALYSIS ILLUSTRATION: THERMO FISHER SCIENTIFIC 40
FIGURE 5 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 41
2.2.1 GROWTH FORECAST 42
FIGURE 6 CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS 42
FIGURE 7 TOP-DOWN APPROACH 43
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 44
FIGURE 8 DATA TRIANGULATION METHODOLOGY 44
2.4 MARKET SHARE ANALYSIS 45
2.5 ASSUMPTIONS FOR THE STUDY 45
2.5.1 INDICATORS AND ASSUMPTIONS AND THEIR IMPACT ON THE STUDY 46
2.5.2 COVID-19-SPECIFIC ASSUMPTIONS 47
2.6 RISK ASSESSMENT 47
TABLE 1 RISK ASSESSMENT 47
2.7 COVID-19 HEALTH ASSESSMENT 48
2.8 COVID-19 ECONOMIC ASSESSMENT 48
2.9 ASSESSMENT OF THE IMPACT OF COVID-19 ON THE ECONOMIC SCENARIO 48
FIGURE 9 CRITERIA IMPACTING THE GLOBAL ECONOMY 49
FIGURE 10 RECOVERY SCENARIO OF THE GLOBAL ECONOMY 50
3 EXECUTIVE SUMMARY 51
FIGURE 11 LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2021 VS. 2026 (USD MILLION) 51
FIGURE 12 LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2021 VS. 2026 (USD MILLION) 52
FIGURE 13 LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2021 VS. 2026 (USD MILLION) 52
FIGURE 14 LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2021 VS. 2026 (USD MILLION) 53
FIGURE 15 GEOGRAPHIC SNAPSHOT OF THE GLOBAL LIQUID HANDLING SYSTEMS MARKET 53
4 PREMIUM INSIGHTS 55
4.1 LIQUID HANDLING SYSTEMS MARKET OVERVIEW 55
FIGURE 16 EXPANSION OF PHARMA & BIOTECH INDUSTRIES TO DRIVE THE LIQUID HANDLING SYSTEMS MARKET 55
4.2 LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT 55
FIGURE 17 LIQUID HANDLING WORKSTATIONS SEGMENT WILL REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD, 2021-2026 55
4.3 ASIA: LIQUID HANDLING SYSTEMS MARKET, BY COUNTRY & END USER 56
FIGURE 18 BIOTECHNOLOGY & PHARMACEUTICAL COMPANIES WILL DOMINATE THE ASIAN MARKET IN 2021-2026 56
4.4 GEOGRAPHIC SNAPSHOT OF THE LIQUID HANDLING SYSTEMS MARKET 57
FIGURE 19 JAPAN TO REGISTER THE HIGHEST CAGR OVER THE FORECAST PERIOD 57
5 MARKET OVERVIEW 58
5.1 INTRODUCTION 58
5.2 MARKET DYNAMICS 58
FIGURE 20 LIQUID HANDLING SYSTEMS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 58
5.2.1 DRIVERS 59
5.2.1.1 Global expansion of pharmaceutical & biotechnology industries 59
5.2.1.2 Significant R&D expenditure by biopharma companies 59
TABLE 2 R&D EXPENDITURE OF BIOPHARMA COMPANIES, 2020: 59
5.2.1.3 Increasing funding for life science research 60
5.2.1.4 Growing market demand for high-throughput screening 60
5.2.1.5 Increasing focus on data precision and accuracy 61
5.2.2 RESTRAINTS 61
5.2.2.1 Pricing limitations 61
5.2.2.2 Slow adoption of automation among small and medium-sized laboratories 61
TABLE 3 EQUIPMENT COSTS, BY TYPE 61
5.2.3 OPPORTUNITIES 62
5.2.3.1 Changing scenario in emerging economies 62
5.2.3.2 Growing genomics and proteomics research 62
5.2.4 CHALLENGES 63
5.2.4.1 Developing infrastructure and other barriers in emerging markets 63
5.2.4.2 Possibility of errors in automated systems 63
5.3 COVID-19 IMPACT ON THE LIQUID HANDLING SYSTEMS MARKET 64
5.4 RANGES/SCENARIOS 64
FIGURE 21 PESSIMISTIC SCENARIO 64
FIGURE 22 OPTIMISTIC SCENARIO 65
FIGURE 23 REALISTIC SCENARIO 65
5.5 VALUE CHAIN ANALYSIS 66
FIGURE 24 VALUE CHAIN ANALYSIS: MAJOR VALUE IS ADDED DURING THE MANUFACTURING AND ASSEMBLY PHASE 66
5.6 SUPPLY CHAIN ANALYSIS 67
FIGURE 25 DIRECT DISTRIBUTION—THE PREFERRED STRATEGY FOR PROMINENT COMPANIES 67
5.7 TECHNOLOGY ANALYSIS 68
5.8 PORTER’S FIVE FORCES ANALYSIS 68
5.8.1 THREAT OF NEW ENTRANTS 68
5.8.2 INTENSITY OF COMPETITIVE RIVALRY 68
5.8.3 BARGAINING POWER OF BUYERS 69
5.8.4 BARGAINING POWER OF SUPPLIERS 69
5.8.5 THREAT OF SUBSTITUTES 69
5.9 REGULATORY LANDSCAPE 69
TABLE 4 INDICATIVE LIST OF REGULATORY AUTHORITIES GOVERNING THE LIQUID HANDLING SYSTEMS MARKET 69
5.10 PATENT ANALYSIS 71
5.11 KEY CONFERENCES & EVENTS IN 2022–2023 72
TABLE 5 LIQUID HANDLING SYSTEMS: LIST OF CONFERENCES & EVENTS 72
5.12 PRICING ANALYSIS 72
TABLE 6 PRICE RANGE FOR LIQUID HANDLING SYSTEMS 72
5.13 TRADE ANALYSIS 73
TABLE 7 IMPORT DATA FOR PARTS OF MACHINERY, PLANT, AND LABORATORY EQUIPMENT, BY COUNTRY, 2016–2020 (USD MILLION) 73
TABLE 8 EXPORT DATA FOR PARTS OF MACHINERY, PLANT, AND LABORATORY EQUIPMENT, BY COUNTRY, 2016–2020 (USD MILLION) 73
5.14 ECOSYSTEM ANALYSIS 74
5.14.1 ROLE IN ECOSYSTEM 74
5.14.2 KEY PLAYERS IN THE LIQUID HANDLING SYSTEM 75
5.15 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 75
6 LIQUID HANDLING SYSTEMS MARKET, BY TYPE 76
6.1 INTRODUCTION 77
TABLE 9 LIQUID HANDLING SYSTEMS MARKET, BY TYPE, 2019–2026 (USD MILLION) 77
6.2 AUTOMATED LIQUID HANDLING SYSTEMS 77
6.2.1 AUTOMATED SYSTEMS BOAST HIGHER EFFICIENCY THAN ELECTRONIC COUNTERPARTS 77
TABLE 10 AUTOMATED LIQUID HANDLING SYSTEMS MARKET, BY REGION,
2019–2026 (USD MILLION) 78
6.3 ELECTRONIC LIQUID HANDLING SYSTEMS 78
6.3.1 ELECTRONIC SYSTEMS ARE EASY TO USE AND ACCURATE 78
TABLE 11 ELECTRONIC LIQUID HANDLING SYSTEMS MARKET, BY REGION,
2019–2026 (USD MILLION) 79
6.4 MANUAL LIQUID HANDLING SYSTEMS 79
6.4.1 MANUAL SYSTEMS REQUIRE REPETITIVE END-USER ACTIONS AND COME WITH THE RISK OF VARIABILITY 79
TABLE 12 MANUAL LIQUID HANDLING SYSTEMS MARKET, BY REGION,
2019–2026 (USD MILLION) 80
7 LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT 81
7.1 INTRODUCTION 82
TABLE 13 LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 82
7.2 PIPETTES 82
TABLE 14 LIQUID HANDLING SYSTEMS MARKET FOR PIPETTES, BY REGION,
2019–2026 (USD MILLION) 83
TABLE 15 LIQUID HANDLING SYSTEMS MARKET FOR PIPETTES, BY TYPE,
2019–2026 (USD MILLION) 83
7.2.1 SEMI-AUTOMATED PIPETTES 83
7.2.1.1 Semi-automated pipettes are advantageous for small-scale activity 83
TABLE 16 SEMI-AUTOMATED PIPETTES MARKET, BY REGION,
2019–2026 (USD MILLION) 84
7.2.2 MANUAL PIPETTES 84
7.2.2.1 Manual pipettes are mainly used in small labs and budget-constrained institutes 84
TABLE 17 MANUAL PIPETTES MARKET, BY REGION, 2019–2026 (USD MILLION) 84
7.2.3 ELECTRONIC PIPETTES 85
7.2.3.1 Speed, accuracy, and ease of use make electronic pipettes popular among end users 85
TABLE 18 ELECTRONIC PIPETTES MARKET, BY REGION, 2019–2026 (USD MILLION) 85
7.3 CONSUMABLES 86
TABLE 19 LIQUID HANDLING SYSTEMS MARKET FOR CONSUMABLES, BY REGION, 2019–2026 (USD MILLION) 86
TABLE 20 LIQUID HANDLING SYSTEMS MARKET FOR CONSUMABLES, BY TYPE,
2019–2026 (USD MILLION) 86
7.3.1 DISPOSABLE TIPS 87
7.3.1.1 Widespread use of pipettes has ensured demand for disposable tips 87
TABLE 21 DISPOSABLE TIPS MARKET, BY REGION, 2019–2026 (USD MILLION) 87
7.3.2 TUBES & PLATES 87
7.3.2.1 Tubes & plates are commonly used consumables in liquid handling 87
TABLE 22 TUBES & PLATES MARKET, BY REGION, 2019–2026 (USD MILLION) 88
7.3.3 REAGENT CONTAINERS 88
7.3.3.1 A broad range of reagent containers are offered for pipetting 88
TABLE 23 REAGENT CONTAINERS MARKET, BY REGION, 2019–2026 (USD MILLION) 88
7.3.4 OTHER CONSUMABLES 88
TABLE 24 OTHER CONSUMABLES MARKET, BY REGION, 2019–2026 (USD MILLION) 89
7.4 LIQUID HANDLING WORKSTATIONS 89
7.4.1 COST-EFFECTIVENESS, CONVENIENCE, AND HIGH PERFORMANCE MAKE WORKSTATIONS POPULAR AMONG END USERS 89
TABLE 25 IMPORTANT LIQUID-HANDLING WORKSTATIONS/PIPETTING ASSISTING DEVICES AVAILABLE, BY COMPANY 89
TABLE 26 LIQUID HANDLING SYSTEMS MARKET FOR LIQUID HANDLING WORKSTATIONS, BY REGION, 2019–2026 (USD MILLION) 91
7.5 BURETTES 91
7.5.1 COMPACT SIZE AND DISPENSING ACCURACY DRIVE DEMAND FOR BURETTES 91
TABLE 27 LIQUID HANDLING SYSTEMS MARKET FOR BURETTES, BY REGION,
2019–2026 (USD MILLION) 91
7.6 SOFTWARE 92
7.6.1 THE SOFTWARE MARKET IS EXPECTED TO SHOW HIGH GROWTH 92
TABLE 28 LIQUID HANDLING SYSTEMS MARKET FOR SOFTWARE, BY REGION,
2019–2026 (USD MILLION) 92
7.7 MICROPLATE REAGENT DISPENSERS 93
7.7.1 INCREASING USE OF ELISA AND HIGH-THROUGHPUT SCREENING WILL DRIVE DEMAND FOR DISPENSERS 93
TABLE 29 LIQUID HANDLING SYSTEMS MARKET FOR MICROPLATE REAGENT DISPENSERS, BY REGION, 2019–2026 (USD MILLION) 93
7.8 MICROPLATE WASHERS 93
7.8.1 WASHERS ARE IMPORTANT IN WIDELY USED TECHNIQUES LIKE ELISA 93
TABLE 30 LIQUID HANDLING SYSTEMS MARKET FOR MICROPLATE WASHERS,
BY REGION, 2019–2026 (USD MILLION) 94
7.9 OTHER PRODUCTS 94
TABLE 31 OTHER LIQUID HANDLING PRODUCTS MARKET, BY REGION,
2019–2026 (USD MILLION) 94
8 LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION 95
8.1 INTRODUCTION 96
TABLE 32 LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 96
8.2 DRUG DISCOVERY 96
TABLE 33 LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY, BY REGION, 2019–2026 (USD MILLION) 97
TABLE 34 LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY, BY TYPE, 2019–2026 (USD MILLION) 97
8.2.1 HIGH-THROUGHPUT SCREENING 97
8.2.1.1 HTS is a prominent process in drug discovery 97
TABLE 35 HIGH-THROUGHPUT SCREENING APPLICATIONS MARKET, BY REGION,
2019–2026 (USD MILLION) 98
8.2.2 COMPOUND WEIGHING & DISSOLUTION 98
8.2.2.1 Automated systems are preferred due to the need for high precision and accuracy 98
TABLE 36 COMPOUND WEIGHING & DISSOLUTION APPLICATIONS MARKET, BY REGION, 2019–2026 (USD MILLION) 98
8.2.3 ADME SCREENING 99
8.2.3.1 Growing emphasis on ADME screening in early drug discovery is driving market growth 99
TABLE 37 ADME SCREENING APPLICATIONS MARKET, BY REGION,
2019–2026 (USD MILLION) 99
8.2.4 OTHER DRUG DISCOVERY APPLICATIONS 99
TABLE 38 OTHER DRUG DISCOVERY APPLICATIONS MARKET, BY REGION,
2019–2026 (USD MILLION) 99
8.3 CLINICAL DIAGNOSTICS 100
8.3.1 SAMPLE PREPARATION 100
8.3.1.1 The need for precision has driven demand for automated liquid handling in sample preparation 100
TABLE 39 SAMPLE PREPARATION APPLICATIONS MARKET, BY REGION,
2019–2026 (USD MILLION) 100
8.3.2 ELISA 100
8.3.2.1 ELISA diagnoses various diseases and requires robust liquid handling systems 100
TABLE 40 ELISA APPLICATIONS MARKET, BY REGION, 2019–2026 (USD MILLION) 101
8.3.3 OTHER CLINICAL DIAGNOSTICS APPLICATIONS 101
TABLE 41 OTHER CLINICAL DIAGNOSTICS APPLICATIONS MARKET, BY REGION,
2019–2026 (USD MILLION) 101
8.4 GENOMICS 102
8.4.1 GENOTYPING 102
8.4.1.1 Rising need to carry out liquid transfers in genotyping is driving market growth 102
TABLE 42 GENOTYPING APPLICATIONS MARKET, BY REGION,
2019–2026 (USD MILLION) 102
8.4.2 NGS 103
8.4.2.1 Automation in NGS sample preparation provides several benefits for end users 103
TABLE 43 NGS APPLICATIONS MARKET, BY REGION, 2019–2026 (USD MILLION) 103
8.4.3 PCR 103
8.4.3.1 Wide usage of PCR drives demand for liquid handling 103
TABLE 44 PCR APPLICATIONS MARKET, BY REGION, 2019–2026 (USD MILLION) 104
8.4.4 DNA/RNA PURIFICATION 104
8.4.4.1 The time-consuming nature of purification processes has pushed end users toward automation 104
TABLE 45 DNA/RNA PURIFICATION APPLICATIONS MARKET, BY REGION,
2019–2026 (USD MILLION) 104
8.4.5 OTHER GENOMICS APPLICATIONS 105
TABLE 46 LIQUID HANDLING SYSTEMS MARKET FOR OTHER GENOMICS APPLICATIONS, BY REGION, 2019–2026 (USD MILLION) 105
8.5 PROTEOMICS 105
8.5.1 PROTEOMICS INVOLVES MANY PROCESSES WHERE LIQUID HANDLING IS REQUIRED 105
TABLE 47 LIQUID HANDLING SYSTEMS MARKET FOR PROTEOMICS, BY REGION,
2019–2026 (USD MILLION) 106
8.6 OTHER APPLICATIONS 106
TABLE 48 LIQUID HANDLING SYSTEMS MARKET FOR OTHER APPLICATIONS,
BY REGION, 2019–2026 (USD MILLION) 107
9 LIQUID HANDLING SYSTEMS MARKET, BY END USER 108
9.1 INTRODUCTION 109
TABLE 49 LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 109
9.2 HOSPITAL & DIAGNOSTIC LABORATORIES 109
9.2.1 CONSOLIDATION, REGULATIONS, AND A GROWING NUMBER OF LABORATORIES CONTRIBUTE TO MARKET GROWTH 109
TABLE 50 LIQUID HANDLING SYSTEMS MARKET FOR HOSPITAL & DIAGNOSTIC LABORATORIES, BY REGION, 2019–2026 (USD MILLION) 110
9.3 BIOTECHNOLOGY & PHARMACEUTICAL INDUSTRIES 110
9.3.1 INDUSTRIAL GROWTH HAS SUPPORTED THE GREATER USE OF LIQUID HANDLING SYSTEMS IN THE PHARMA-BIOTECH SECTOR 110
TABLE 51 LIQUID HANDLING SYSTEMS MARKET FOR BIOTECHNOLOGY & PHARMACEUTICAL COMPANIES, BY REGION, 2019–2026 (USD MILLION) 110
9.4 RESEARCH INSTITUTES 111
9.4.1 AVAILABILITY OF FUNDING DRIVES PURCHASE OF LIQUID HANDLING SYSTEMS AMONG RESEARCH INSTITUTES 111
TABLE 52 LIQUID HANDLING SYSTEMS MARKET FOR RESEARCH INSTITUTES,
BY REGION, 2019–2026 (USD MILLION) 111
9.5 ACADEMIC INSTITUTES 111
9.5.1 LOWER THROUGHPUT NEEDS OF ACADEMIC INSTITUTES RESULT IN A SMALLER MARKET SIZE 111
TABLE 53 LIQUID HANDLING SYSTEMS MARKET FOR ACADEMIC INSTITUTES,
BY REGION, 2019–2026 (USD MILLION) 112
9.6 OTHER END USERS 112
TABLE 54 LIQUID HANDLING SYSTEMS MARKET FOR OTHER END USERS, BY REGION, 2019–2026 (USD MILLION) 112
10 LIQUID HANDLING SYSTEMS MARKET, BY REGION 113
10.1 INTRODUCTION 114
TABLE 55 LIQUID HANDLING SYSTEMS MARKET, BY REGION,
2019–2026 (USD MILLION) 114
10.2 NORTH AMERICA 114
FIGURE 26 NORTH AMERICA: LIQUID HANDLING SYSTEMS MARKET SNAPSHOT 115
TABLE 56 NORTH AMERICA: LIQUID HANDLING SYSTEMS MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 115
TABLE 57 NORTH AMERICA: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 116
TABLE 58 NORTH AMERICA: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT, 2019–2026 (USD MILLION) 116
TABLE 59 NORTH AMERICA: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 116
TABLE 60 NORTH AMERICA: CONSUMABLES MARKET, BY TYPE,
2019–2026 (USD MILLION) 117
TABLE 61 NORTH AMERICA: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION, 2019–2026 (USD MILLION) 117
TABLE 62 NORTH AMERICA: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY, BY TYPE, 2019–2026 (USD MILLION) 117
TABLE 63 NORTH AMERICA: LIQUID HANDLING SYSTEMS MARKET, BY END USER, 2019–2026 (USD MILLION) 118
10.2.1 US 118
10.2.1.1 The US dominates the North American liquid handling systems market 118
TABLE 64 US: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 118
TABLE 65 US: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 119
TABLE 66 US: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 119
TABLE 67 US: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 119
TABLE 68 US: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 120
TABLE 69 US: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 120
TABLE 70 US: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 120
10.2.2 CANADA 121
10.2.2.1 A strong research base and government support has driven the market in Canada 121
TABLE 71 CANADA: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 121
TABLE 72 CANADA: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 122
TABLE 73 CANADA: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 122
TABLE 74 CANADA: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 122
TABLE 75 CANADA: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 123
TABLE 76 CANADA: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 123
TABLE 77 CANADA: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 123
10.3 EUROPE 124
TABLE 78 EUROPE: LIQUID HANDLING SYSTEMS MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 124
TABLE 79 EUROPE: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 124
TABLE 80 EUROPE: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 125
TABLE 81 EUROPE: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 125
TABLE 82 EUROPE: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 125
TABLE 83 EUROPE: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 126
TABLE 84 EUROPE: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 126
TABLE 85 EUROPE: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 126
10.3.1 GERMANY 127
10.3.1.1 Germany dominates the EU market 127
TABLE 86 GERMANY: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 127
TABLE 87 GERMANY: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 128
TABLE 88 GERMANY: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 128
TABLE 89 GERMANY: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 128
TABLE 90 GERMANY: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 129
TABLE 91 GERMANY: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 129
TABLE 92 GERMANY: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 129
10.3.2 FRANCE 130
10.3.2.1 Rising R&D expenditure and funding for life sciences drive the French market 130
TABLE 93 FRANCE: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 130
TABLE 94 FRANCE: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 131
TABLE 95 FRANCE: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 131
TABLE 96 FRANCE: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 131
TABLE 97 FRANCE: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 132
TABLE 98 FRANCE: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 132
TABLE 99 FRANCE: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 132
10.3.3 UK 133
10.3.3.1 Strong support for life science R&D and well-developed infrastructure contribute to market growth 133
TABLE 100 UK: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 133
TABLE 101 UK: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 133
TABLE 102 UK: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 134
TABLE 103 UK: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 134
TABLE 104 UK: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 134
TABLE 105 UK: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 134
TABLE 106 UK: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 135
10.3.4 ITALY 135
10.3.4.1 Rising disease incidence and a strong research sector support the Italian market 135
TABLE 107 ITALY: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 135
TABLE 108 ITALY: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 136
TABLE 109 ITALY: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 136
TABLE 110 ITALY: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 136
TABLE 111 ITALY: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 137
TABLE 112 ITALY: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 137
TABLE 113 ITALY: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 137
10.3.5 SPAIN 138
10.3.5.1 Growing biotech industry and rising life science R&D drive market growth 138
TABLE 114 SPAIN: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 138
TABLE 115 SPAIN: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 138
TABLE 116 SPAIN: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 139
TABLE 117 SPAIN: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 139
TABLE 118 SPAIN: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 139
TABLE 119 SPAIN: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 140
TABLE 120 SPAIN: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 140
10.3.6 REST OF EUROPE 140
TABLE 121 ROE: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 141
TABLE 122 ROE: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 141
TABLE 123 ROE: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 141
TABLE 124 ROE: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 142
TABLE 125 ROE: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 142
TABLE 126 ROE: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 142
TABLE 127 ROE: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 143
10.4 ASIA 143
FIGURE 27 ASIA: LIQUID HANDLING SYSTEMS MARKET SNAPSHOT 144
TABLE 128 ASIA: LIQUID HANDLING SYSTEMS MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 145
TABLE 129 ASIA: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 145
TABLE 130 ASIA: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 145
TABLE 131 ASIA: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 146
TABLE 132 ASIA: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 146
TABLE 133 ASIA: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 146
TABLE 134 ASIA: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 147
TABLE 135 ASIA: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 147
10.4.1 JAPAN 147
10.4.1.1 Japan dominates the Asian liquid handling systems market 147
TABLE 136 JAPAN: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 148
TABLE 137 JAPAN: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 148
TABLE 138 JAPAN: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 148
TABLE 139 JAPAN: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 149
TABLE 140 JAPAN: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 149
TABLE 141 JAPAN: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 149
TABLE 142 JAPAN: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 150
10.4.2 CHINA 150
10.4.2.1 Focus on precision medicine and a large research base make China a key market 150
TABLE 143 CHINA: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 150
TABLE 144 CHINA: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 151
TABLE 145 CHINA: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 151
TABLE 146 CHINA: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 151
TABLE 147 CHINA: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 152
TABLE 148 CHINA: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 152
TABLE 149 CHINA: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 152
10.4.3 INDIA 153
10.4.3.1 Large population, growing biotech sector, and government support drive market growth 153
TABLE 150 INDIA: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 153
TABLE 151 INDIA: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 153
TABLE 152 INDIA: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 154
TABLE 153 INDIA: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 154
TABLE 154 INDIA: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 154
TABLE 155 INDIA: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 155
TABLE 156 INDIA: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 155
10.4.4 REST OF ASIA 155
TABLE 157 ROA: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 156
TABLE 158 ROA: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 156
TABLE 159 ROA: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 156
TABLE 160 ROA: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 157
TABLE 161 ROA: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 157
TABLE 162 ROA: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 157
TABLE 163 ROA: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 158
10.5 REST OF THE WORLD 158
TABLE 164 ROW: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 159
TABLE 165 ROW: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 159
TABLE 166 ROW: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 159
TABLE 167 ROW: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 160
TABLE 168 ROW: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 160
TABLE 169 ROW: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 160
TABLE 170 ROW: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 161
11 COMPETITIVE LANDSCAPE 162
11.1 OVERVIEW 162
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 162
TABLE 171 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN THE LIQUID HANDLING SYSTEMS MARKET 162
11.3 MARKET SHARE ANALYSIS 163
TABLE 172 LIQUID HANDLING SYSTEMS MARKET: DEGREE OF COMPETITION 163
11.4 COMPANY EVALUATION QUADRANT 164
11.4.1 STARS 164
11.4.2 EMERGING LEADERS 164
11.4.3 PERVASIVE PLAYERS 164
11.4.4 PARTICIPANTS 164
FIGURE 28 COMPANY EVALUATION QUADRANT: LIQUID HANDLING SYSTEMS MARKET 165
11.5 COMPANY EVALUATION QUADRANT FOR SMES/START-UPS 166
11.5.1 PROGRESSIVE COMPANIES 166
11.5.2 STARTING BLOCKS 166
11.5.3 RESPONSIVE COMPANIES 166
11.5.4 DYNAMIC COMPANIES 166
FIGURE 29 COMPANY EVALUATION MATRIX FOR SMES/START-UPS: LIQUID HANDLING SYSTEMS MARKET 167
11.6 COMPANY FOOTPRINT ANALYSIS 168
TABLE 173 COMPANY FOOTPRINT 168
TABLE 174 COMPANY REGIONAL FOOTPRINT 169
TABLE 175 COMPANY PRODUCT FOOTPRINT 170
11.7 COMPETITIVE BENCHMARKING 171
TABLE 176 LIQUID HANDLING SYSTEMS MARKET: DETAILED LIST OF KEY START-UP/SMES 171
11.8 COMPETITIVE SCENARIO 171
11.8.1 PRODUCT LAUNCHES 171
TABLE 177 KEY PRODUCT LAUNCHES 171
11.8.2 DEALS 172
TABLE 178 KEY DEALS 172
11.8.3 OTHER DEVELOPMENTS 173
TABLE 179 KEY OTHER DEVELOPMENTS 173
12 COMPANY PROFILES 174
12.1 KEY PLAYERS 174
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
12.1.1 THERMO FISHER SCIENTIFIC 174
TABLE 180 THERMO FISHER SCIENTIFIC: BUSINESS OVERVIEW 174
FIGURE 30 THERMO FISHER SCIENTIFIC: COMPANY SNAPSHOT (2021) 175
12.1.2 DANAHER CORPORATION 178
TABLE 181 DANAHER CORPORATION: BUSINESS OVERVIEW 178
FIGURE 31 DANAHER CORPORATION: COMPANY SNAPSHOT (2021) 178
12.1.3 PERKINELMER, INC. 181
TABLE 182 PERKINELMER, INC.: BUSINESS OVERVIEW 181
FIGURE 32 PERKINELMER, INC.: COMPANY SNAPSHOT (JAN 2022) 181
12.1.4 METTLER-TOLEDO INTERNATIONAL INC. 184
TABLE 183 METTLER-TOLEDO INTERNATIONAL INC.: BUSINESS OVERVIEW 184
FIGURE 33 METTLER-TOLEDO INTERNATIONAL INC.: COMPANY SNAPSHOT (2021) 185
12.1.5 AGILENT TECHNOLOGIES INC. 188
TABLE 184 AGILENT TECHNOLOGIES INC.: BUSINESS OVERVIEW 188
FIGURE 34 AGILENT TECHNOLOGIES: COMPANY SNAPSHOT (2021) 188
12.1.6 QIAGEN 190
TABLE 185 QIAGEN: BUSINESS OVERVIEW 190
FIGURE 35 QIAGEN NV: COMPANY SNAPSHOT (2021) 191
12.1.7 CORNING INCORPORATED 193
TABLE 186 CORNING INCORPORATED: BUSINESS OVERVIEW 193
FIGURE 36 CORNING INCORPORATED: COMPANY SNAPSHOT (2021) 194
12.1.8 SARTORIUS AG 198
TABLE 187 SARTORIUS AG: BUSINESS OVERVIEW 198
FIGURE 37 SARTORIUS AG: COMPANY SNAPSHOT (2021) 199
12.1.9 LONZA GROUP LTD. 201
TABLE 188 LONZA GROUP LTD.: BUSINESS OVERVIEW 201
FIGURE 38 LONZA GROUP LTD.: COMPANY SNAPSHOT (2021) 202
12.1.10 TECAN GROUP LTD. 205
TABLE 189 TECAN GROUP LTD: BUSINESS OVERVIEW 205
FIGURE 39 TECAN GROUP LTD.: COMPANY SNAPSHOT (2020) 206
12.1.11 EPPENDORF 209
TABLE 190 EPPENDORF AG: BUSINESS OVERVIEW 209
FIGURE 40 EPPENDORF: COMPANY SNAPSHOT (2020) 210
12.1.12 BROOKS AUTOMATION INC. 213
TABLE 191 BROOKS AUTOMATION INC.: BUSINESS OVERVIEW 213
FIGURE 41 BROOKS AUTOMATION INC.: COMPANY SNAPSHOT (2021) 213
12.1.13 ENDRESS+HAUSER GROUP SERVICES AG 215
TABLE 192 ENDRESS+HAUSER GROUP SERVICES AG: BUSINESS OVERVIEW 215
FIGURE 42 ENDRESS+HAUSER: COMPANY SNAPSHOT (2020) 215
12.1.14 BRAND GMBH + CO KG 217
TABLE 193 BRAND GMBH + CO KG: BUSINESS OVERVIEW 217
12.1.15 GREINER BIO-ONE INTERNATIONAL GMBH 220
TABLE 194 GREINER BIO-ONE INTERNATIONAL GMBH: BUSINESS OVERVIEW 220
12.1.16 GARDNER DENVER 221
TABLE 195 GARDNER DENVER: BUSINESS OVERVIEW 221
12.1.17 GILSON INCORPORATED 223
TABLE 196 GILSON INCORPORATED: BUSINESS OVERVIEW 223
12.1.18 HAMILTON COMPANY 226
TABLE 197 HAMILTON COMPANY: BUSINESS OVERVIEW 226
12.1.19 HUDSON ROBOTICS 229
TABLE 198 HUDSON ROBOTICS: BUSINESS OVERVIEW 229
12.1.20 HITEC ZANG GMBH 231
TABLE 199 HITEC ZANG GMBH: BUSINESS OVERVIEW 231
12.1.21 INTEGRA BIOSCIENCES LTD. 233
TABLE 200 INTEGRA BIOSCIENCES LTD.: BUSINESS OVERVIEW 233
12.1.22 METROHM AG 235
TABLE 201 METROHM AG: BUSINESS OVERVIEW 235
12.1.23 OROCHEM TECHNOLOGIES INC. 237
TABLE 202 OROCHEM TECHNOLOGIES INC.: BUSINESS OVERVIEW 237
12.1.24 SPT LABTECH LTD 239
TABLE 203 SPT LABTECH LTD: BUSINESS OVERVIEW 239
12.1.25 TOMTEC 243
TABLE 204 TOMTEC: BUSINESS OVERVIEW 243
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
13 APPENDIX 244
13.1 INSIGHTS FROM INDUSTRY EXPERTS 244
13.2 DISCUSSION GUIDE 245
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 249
13.4 AVAILABLE CUSTOMIZATIONS 251
13.5 RELATED REPORTS 251
13.6 AUTHOR DETAILS 252
1 INTRODUCTION 31
1.1 OBJECTIVES OF THE STUDY 31
1.2 MARKET DEFINITION 31
1.2.1 INCLUSIONS & EXCLUSIONS 31
1.3 MARKET SCOPE 32
1.3.1 YEARS COVERED FOR THE STUDY 33
1.4 CURRENCY 33
1.5 LIMITATIONS 33
1.6 MARKET STAKEHOLDERS 34
1.7 SUMMARY OF CHANGES 34
2 RESEARCH METHODOLOGY 35
2.1 RESEARCH DATA 35
FIGURE 1 RESEARCH DESIGN 35
2.1.1 SECONDARY DATA 36
2.1.1.1 Secondary sources 37
2.1.2 PRIMARY DATA 37
FIGURE 2 PRIMARY SOURCES 37
2.1.2.1 Key data from primary sources 38
2.1.2.2 Key industry insights 39
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 39
2.2 MARKET SIZE ESTIMATION 40
FIGURE 4 REVENUE SHARE ANALYSIS ILLUSTRATION: THERMO FISHER SCIENTIFIC 40
FIGURE 5 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH 41
2.2.1 GROWTH FORECAST 42
FIGURE 6 CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS 42
FIGURE 7 TOP-DOWN APPROACH 43
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 44
FIGURE 8 DATA TRIANGULATION METHODOLOGY 44
2.4 MARKET SHARE ANALYSIS 45
2.5 ASSUMPTIONS FOR THE STUDY 45
2.5.1 INDICATORS AND ASSUMPTIONS AND THEIR IMPACT ON THE STUDY 46
2.5.2 COVID-19-SPECIFIC ASSUMPTIONS 47
2.6 RISK ASSESSMENT 47
TABLE 1 RISK ASSESSMENT 47
2.7 COVID-19 HEALTH ASSESSMENT 48
2.8 COVID-19 ECONOMIC ASSESSMENT 48
2.9 ASSESSMENT OF THE IMPACT OF COVID-19 ON THE ECONOMIC SCENARIO 48
FIGURE 9 CRITERIA IMPACTING THE GLOBAL ECONOMY 49
FIGURE 10 RECOVERY SCENARIO OF THE GLOBAL ECONOMY 50
3 EXECUTIVE SUMMARY 51
FIGURE 11 LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2021 VS. 2026 (USD MILLION) 51
FIGURE 12 LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2021 VS. 2026 (USD MILLION) 52
FIGURE 13 LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2021 VS. 2026 (USD MILLION) 52
FIGURE 14 LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2021 VS. 2026 (USD MILLION) 53
FIGURE 15 GEOGRAPHIC SNAPSHOT OF THE GLOBAL LIQUID HANDLING SYSTEMS MARKET 53
4 PREMIUM INSIGHTS 55
4.1 LIQUID HANDLING SYSTEMS MARKET OVERVIEW 55
FIGURE 16 EXPANSION OF PHARMA & BIOTECH INDUSTRIES TO DRIVE THE LIQUID HANDLING SYSTEMS MARKET 55
4.2 LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT 55
FIGURE 17 LIQUID HANDLING WORKSTATIONS SEGMENT WILL REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD, 2021-2026 55
4.3 ASIA: LIQUID HANDLING SYSTEMS MARKET, BY COUNTRY & END USER 56
FIGURE 18 BIOTECHNOLOGY & PHARMACEUTICAL COMPANIES WILL DOMINATE THE ASIAN MARKET IN 2021-2026 56
4.4 GEOGRAPHIC SNAPSHOT OF THE LIQUID HANDLING SYSTEMS MARKET 57
FIGURE 19 JAPAN TO REGISTER THE HIGHEST CAGR OVER THE FORECAST PERIOD 57
5 MARKET OVERVIEW 58
5.1 INTRODUCTION 58
5.2 MARKET DYNAMICS 58
FIGURE 20 LIQUID HANDLING SYSTEMS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 58
5.2.1 DRIVERS 59
5.2.1.1 Global expansion of pharmaceutical & biotechnology industries 59
5.2.1.2 Significant R&D expenditure by biopharma companies 59
TABLE 2 R&D EXPENDITURE OF BIOPHARMA COMPANIES, 2020: 59
5.2.1.3 Increasing funding for life science research 60
5.2.1.4 Growing market demand for high-throughput screening 60
5.2.1.5 Increasing focus on data precision and accuracy 61
5.2.2 RESTRAINTS 61
5.2.2.1 Pricing limitations 61
5.2.2.2 Slow adoption of automation among small and medium-sized laboratories 61
TABLE 3 EQUIPMENT COSTS, BY TYPE 61
5.2.3 OPPORTUNITIES 62
5.2.3.1 Changing scenario in emerging economies 62
5.2.3.2 Growing genomics and proteomics research 62
5.2.4 CHALLENGES 63
5.2.4.1 Developing infrastructure and other barriers in emerging markets 63
5.2.4.2 Possibility of errors in automated systems 63
5.3 COVID-19 IMPACT ON THE LIQUID HANDLING SYSTEMS MARKET 64
5.4 RANGES/SCENARIOS 64
FIGURE 21 PESSIMISTIC SCENARIO 64
FIGURE 22 OPTIMISTIC SCENARIO 65
FIGURE 23 REALISTIC SCENARIO 65
5.5 VALUE CHAIN ANALYSIS 66
FIGURE 24 VALUE CHAIN ANALYSIS: MAJOR VALUE IS ADDED DURING THE MANUFACTURING AND ASSEMBLY PHASE 66
5.6 SUPPLY CHAIN ANALYSIS 67
FIGURE 25 DIRECT DISTRIBUTION—THE PREFERRED STRATEGY FOR PROMINENT COMPANIES 67
5.7 TECHNOLOGY ANALYSIS 68
5.8 PORTER’S FIVE FORCES ANALYSIS 68
5.8.1 THREAT OF NEW ENTRANTS 68
5.8.2 INTENSITY OF COMPETITIVE RIVALRY 68
5.8.3 BARGAINING POWER OF BUYERS 69
5.8.4 BARGAINING POWER OF SUPPLIERS 69
5.8.5 THREAT OF SUBSTITUTES 69
5.9 REGULATORY LANDSCAPE 69
TABLE 4 INDICATIVE LIST OF REGULATORY AUTHORITIES GOVERNING THE LIQUID HANDLING SYSTEMS MARKET 69
5.10 PATENT ANALYSIS 71
5.11 KEY CONFERENCES & EVENTS IN 2022–2023 72
TABLE 5 LIQUID HANDLING SYSTEMS: LIST OF CONFERENCES & EVENTS 72
5.12 PRICING ANALYSIS 72
TABLE 6 PRICE RANGE FOR LIQUID HANDLING SYSTEMS 72
5.13 TRADE ANALYSIS 73
TABLE 7 IMPORT DATA FOR PARTS OF MACHINERY, PLANT, AND LABORATORY EQUIPMENT, BY COUNTRY, 2016–2020 (USD MILLION) 73
TABLE 8 EXPORT DATA FOR PARTS OF MACHINERY, PLANT, AND LABORATORY EQUIPMENT, BY COUNTRY, 2016–2020 (USD MILLION) 73
5.14 ECOSYSTEM ANALYSIS 74
5.14.1 ROLE IN ECOSYSTEM 74
5.14.2 KEY PLAYERS IN THE LIQUID HANDLING SYSTEM 75
5.15 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 75
6 LIQUID HANDLING SYSTEMS MARKET, BY TYPE 76
6.1 INTRODUCTION 77
TABLE 9 LIQUID HANDLING SYSTEMS MARKET, BY TYPE, 2019–2026 (USD MILLION) 77
6.2 AUTOMATED LIQUID HANDLING SYSTEMS 77
6.2.1 AUTOMATED SYSTEMS BOAST HIGHER EFFICIENCY THAN ELECTRONIC COUNTERPARTS 77
TABLE 10 AUTOMATED LIQUID HANDLING SYSTEMS MARKET, BY REGION,
2019–2026 (USD MILLION) 78
6.3 ELECTRONIC LIQUID HANDLING SYSTEMS 78
6.3.1 ELECTRONIC SYSTEMS ARE EASY TO USE AND ACCURATE 78
TABLE 11 ELECTRONIC LIQUID HANDLING SYSTEMS MARKET, BY REGION,
2019–2026 (USD MILLION) 79
6.4 MANUAL LIQUID HANDLING SYSTEMS 79
6.4.1 MANUAL SYSTEMS REQUIRE REPETITIVE END-USER ACTIONS AND COME WITH THE RISK OF VARIABILITY 79
TABLE 12 MANUAL LIQUID HANDLING SYSTEMS MARKET, BY REGION,
2019–2026 (USD MILLION) 80
7 LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT 81
7.1 INTRODUCTION 82
TABLE 13 LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 82
7.2 PIPETTES 82
TABLE 14 LIQUID HANDLING SYSTEMS MARKET FOR PIPETTES, BY REGION,
2019–2026 (USD MILLION) 83
TABLE 15 LIQUID HANDLING SYSTEMS MARKET FOR PIPETTES, BY TYPE,
2019–2026 (USD MILLION) 83
7.2.1 SEMI-AUTOMATED PIPETTES 83
7.2.1.1 Semi-automated pipettes are advantageous for small-scale activity 83
TABLE 16 SEMI-AUTOMATED PIPETTES MARKET, BY REGION,
2019–2026 (USD MILLION) 84
7.2.2 MANUAL PIPETTES 84
7.2.2.1 Manual pipettes are mainly used in small labs and budget-constrained institutes 84
TABLE 17 MANUAL PIPETTES MARKET, BY REGION, 2019–2026 (USD MILLION) 84
7.2.3 ELECTRONIC PIPETTES 85
7.2.3.1 Speed, accuracy, and ease of use make electronic pipettes popular among end users 85
TABLE 18 ELECTRONIC PIPETTES MARKET, BY REGION, 2019–2026 (USD MILLION) 85
7.3 CONSUMABLES 86
TABLE 19 LIQUID HANDLING SYSTEMS MARKET FOR CONSUMABLES, BY REGION, 2019–2026 (USD MILLION) 86
TABLE 20 LIQUID HANDLING SYSTEMS MARKET FOR CONSUMABLES, BY TYPE,
2019–2026 (USD MILLION) 86
7.3.1 DISPOSABLE TIPS 87
7.3.1.1 Widespread use of pipettes has ensured demand for disposable tips 87
TABLE 21 DISPOSABLE TIPS MARKET, BY REGION, 2019–2026 (USD MILLION) 87
7.3.2 TUBES & PLATES 87
7.3.2.1 Tubes & plates are commonly used consumables in liquid handling 87
TABLE 22 TUBES & PLATES MARKET, BY REGION, 2019–2026 (USD MILLION) 88
7.3.3 REAGENT CONTAINERS 88
7.3.3.1 A broad range of reagent containers are offered for pipetting 88
TABLE 23 REAGENT CONTAINERS MARKET, BY REGION, 2019–2026 (USD MILLION) 88
7.3.4 OTHER CONSUMABLES 88
TABLE 24 OTHER CONSUMABLES MARKET, BY REGION, 2019–2026 (USD MILLION) 89
7.4 LIQUID HANDLING WORKSTATIONS 89
7.4.1 COST-EFFECTIVENESS, CONVENIENCE, AND HIGH PERFORMANCE MAKE WORKSTATIONS POPULAR AMONG END USERS 89
TABLE 25 IMPORTANT LIQUID-HANDLING WORKSTATIONS/PIPETTING ASSISTING DEVICES AVAILABLE, BY COMPANY 89
TABLE 26 LIQUID HANDLING SYSTEMS MARKET FOR LIQUID HANDLING WORKSTATIONS, BY REGION, 2019–2026 (USD MILLION) 91
7.5 BURETTES 91
7.5.1 COMPACT SIZE AND DISPENSING ACCURACY DRIVE DEMAND FOR BURETTES 91
TABLE 27 LIQUID HANDLING SYSTEMS MARKET FOR BURETTES, BY REGION,
2019–2026 (USD MILLION) 91
7.6 SOFTWARE 92
7.6.1 THE SOFTWARE MARKET IS EXPECTED TO SHOW HIGH GROWTH 92
TABLE 28 LIQUID HANDLING SYSTEMS MARKET FOR SOFTWARE, BY REGION,
2019–2026 (USD MILLION) 92
7.7 MICROPLATE REAGENT DISPENSERS 93
7.7.1 INCREASING USE OF ELISA AND HIGH-THROUGHPUT SCREENING WILL DRIVE DEMAND FOR DISPENSERS 93
TABLE 29 LIQUID HANDLING SYSTEMS MARKET FOR MICROPLATE REAGENT DISPENSERS, BY REGION, 2019–2026 (USD MILLION) 93
7.8 MICROPLATE WASHERS 93
7.8.1 WASHERS ARE IMPORTANT IN WIDELY USED TECHNIQUES LIKE ELISA 93
TABLE 30 LIQUID HANDLING SYSTEMS MARKET FOR MICROPLATE WASHERS,
BY REGION, 2019–2026 (USD MILLION) 94
7.9 OTHER PRODUCTS 94
TABLE 31 OTHER LIQUID HANDLING PRODUCTS MARKET, BY REGION,
2019–2026 (USD MILLION) 94
8 LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION 95
8.1 INTRODUCTION 96
TABLE 32 LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 96
8.2 DRUG DISCOVERY 96
TABLE 33 LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY, BY REGION, 2019–2026 (USD MILLION) 97
TABLE 34 LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY, BY TYPE, 2019–2026 (USD MILLION) 97
8.2.1 HIGH-THROUGHPUT SCREENING 97
8.2.1.1 HTS is a prominent process in drug discovery 97
TABLE 35 HIGH-THROUGHPUT SCREENING APPLICATIONS MARKET, BY REGION,
2019–2026 (USD MILLION) 98
8.2.2 COMPOUND WEIGHING & DISSOLUTION 98
8.2.2.1 Automated systems are preferred due to the need for high precision and accuracy 98
TABLE 36 COMPOUND WEIGHING & DISSOLUTION APPLICATIONS MARKET, BY REGION, 2019–2026 (USD MILLION) 98
8.2.3 ADME SCREENING 99
8.2.3.1 Growing emphasis on ADME screening in early drug discovery is driving market growth 99
TABLE 37 ADME SCREENING APPLICATIONS MARKET, BY REGION,
2019–2026 (USD MILLION) 99
8.2.4 OTHER DRUG DISCOVERY APPLICATIONS 99
TABLE 38 OTHER DRUG DISCOVERY APPLICATIONS MARKET, BY REGION,
2019–2026 (USD MILLION) 99
8.3 CLINICAL DIAGNOSTICS 100
8.3.1 SAMPLE PREPARATION 100
8.3.1.1 The need for precision has driven demand for automated liquid handling in sample preparation 100
TABLE 39 SAMPLE PREPARATION APPLICATIONS MARKET, BY REGION,
2019–2026 (USD MILLION) 100
8.3.2 ELISA 100
8.3.2.1 ELISA diagnoses various diseases and requires robust liquid handling systems 100
TABLE 40 ELISA APPLICATIONS MARKET, BY REGION, 2019–2026 (USD MILLION) 101
8.3.3 OTHER CLINICAL DIAGNOSTICS APPLICATIONS 101
TABLE 41 OTHER CLINICAL DIAGNOSTICS APPLICATIONS MARKET, BY REGION,
2019–2026 (USD MILLION) 101
8.4 GENOMICS 102
8.4.1 GENOTYPING 102
8.4.1.1 Rising need to carry out liquid transfers in genotyping is driving market growth 102
TABLE 42 GENOTYPING APPLICATIONS MARKET, BY REGION,
2019–2026 (USD MILLION) 102
8.4.2 NGS 103
8.4.2.1 Automation in NGS sample preparation provides several benefits for end users 103
TABLE 43 NGS APPLICATIONS MARKET, BY REGION, 2019–2026 (USD MILLION) 103
8.4.3 PCR 103
8.4.3.1 Wide usage of PCR drives demand for liquid handling 103
TABLE 44 PCR APPLICATIONS MARKET, BY REGION, 2019–2026 (USD MILLION) 104
8.4.4 DNA/RNA PURIFICATION 104
8.4.4.1 The time-consuming nature of purification processes has pushed end users toward automation 104
TABLE 45 DNA/RNA PURIFICATION APPLICATIONS MARKET, BY REGION,
2019–2026 (USD MILLION) 104
8.4.5 OTHER GENOMICS APPLICATIONS 105
TABLE 46 LIQUID HANDLING SYSTEMS MARKET FOR OTHER GENOMICS APPLICATIONS, BY REGION, 2019–2026 (USD MILLION) 105
8.5 PROTEOMICS 105
8.5.1 PROTEOMICS INVOLVES MANY PROCESSES WHERE LIQUID HANDLING IS REQUIRED 105
TABLE 47 LIQUID HANDLING SYSTEMS MARKET FOR PROTEOMICS, BY REGION,
2019–2026 (USD MILLION) 106
8.6 OTHER APPLICATIONS 106
TABLE 48 LIQUID HANDLING SYSTEMS MARKET FOR OTHER APPLICATIONS,
BY REGION, 2019–2026 (USD MILLION) 107
9 LIQUID HANDLING SYSTEMS MARKET, BY END USER 108
9.1 INTRODUCTION 109
TABLE 49 LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 109
9.2 HOSPITAL & DIAGNOSTIC LABORATORIES 109
9.2.1 CONSOLIDATION, REGULATIONS, AND A GROWING NUMBER OF LABORATORIES CONTRIBUTE TO MARKET GROWTH 109
TABLE 50 LIQUID HANDLING SYSTEMS MARKET FOR HOSPITAL & DIAGNOSTIC LABORATORIES, BY REGION, 2019–2026 (USD MILLION) 110
9.3 BIOTECHNOLOGY & PHARMACEUTICAL INDUSTRIES 110
9.3.1 INDUSTRIAL GROWTH HAS SUPPORTED THE GREATER USE OF LIQUID HANDLING SYSTEMS IN THE PHARMA-BIOTECH SECTOR 110
TABLE 51 LIQUID HANDLING SYSTEMS MARKET FOR BIOTECHNOLOGY & PHARMACEUTICAL COMPANIES, BY REGION, 2019–2026 (USD MILLION) 110
9.4 RESEARCH INSTITUTES 111
9.4.1 AVAILABILITY OF FUNDING DRIVES PURCHASE OF LIQUID HANDLING SYSTEMS AMONG RESEARCH INSTITUTES 111
TABLE 52 LIQUID HANDLING SYSTEMS MARKET FOR RESEARCH INSTITUTES,
BY REGION, 2019–2026 (USD MILLION) 111
9.5 ACADEMIC INSTITUTES 111
9.5.1 LOWER THROUGHPUT NEEDS OF ACADEMIC INSTITUTES RESULT IN A SMALLER MARKET SIZE 111
TABLE 53 LIQUID HANDLING SYSTEMS MARKET FOR ACADEMIC INSTITUTES,
BY REGION, 2019–2026 (USD MILLION) 112
9.6 OTHER END USERS 112
TABLE 54 LIQUID HANDLING SYSTEMS MARKET FOR OTHER END USERS, BY REGION, 2019–2026 (USD MILLION) 112
10 LIQUID HANDLING SYSTEMS MARKET, BY REGION 113
10.1 INTRODUCTION 114
TABLE 55 LIQUID HANDLING SYSTEMS MARKET, BY REGION,
2019–2026 (USD MILLION) 114
10.2 NORTH AMERICA 114
FIGURE 26 NORTH AMERICA: LIQUID HANDLING SYSTEMS MARKET SNAPSHOT 115
TABLE 56 NORTH AMERICA: LIQUID HANDLING SYSTEMS MARKET, BY COUNTRY, 2019–2026 (USD MILLION) 115
TABLE 57 NORTH AMERICA: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 116
TABLE 58 NORTH AMERICA: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT, 2019–2026 (USD MILLION) 116
TABLE 59 NORTH AMERICA: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 116
TABLE 60 NORTH AMERICA: CONSUMABLES MARKET, BY TYPE,
2019–2026 (USD MILLION) 117
TABLE 61 NORTH AMERICA: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION, 2019–2026 (USD MILLION) 117
TABLE 62 NORTH AMERICA: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY, BY TYPE, 2019–2026 (USD MILLION) 117
TABLE 63 NORTH AMERICA: LIQUID HANDLING SYSTEMS MARKET, BY END USER, 2019–2026 (USD MILLION) 118
10.2.1 US 118
10.2.1.1 The US dominates the North American liquid handling systems market 118
TABLE 64 US: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 118
TABLE 65 US: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 119
TABLE 66 US: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 119
TABLE 67 US: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 119
TABLE 68 US: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 120
TABLE 69 US: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 120
TABLE 70 US: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 120
10.2.2 CANADA 121
10.2.2.1 A strong research base and government support has driven the market in Canada 121
TABLE 71 CANADA: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 121
TABLE 72 CANADA: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 122
TABLE 73 CANADA: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 122
TABLE 74 CANADA: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 122
TABLE 75 CANADA: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 123
TABLE 76 CANADA: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 123
TABLE 77 CANADA: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 123
10.3 EUROPE 124
TABLE 78 EUROPE: LIQUID HANDLING SYSTEMS MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 124
TABLE 79 EUROPE: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 124
TABLE 80 EUROPE: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 125
TABLE 81 EUROPE: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 125
TABLE 82 EUROPE: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 125
TABLE 83 EUROPE: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 126
TABLE 84 EUROPE: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 126
TABLE 85 EUROPE: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 126
10.3.1 GERMANY 127
10.3.1.1 Germany dominates the EU market 127
TABLE 86 GERMANY: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 127
TABLE 87 GERMANY: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 128
TABLE 88 GERMANY: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 128
TABLE 89 GERMANY: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 128
TABLE 90 GERMANY: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 129
TABLE 91 GERMANY: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 129
TABLE 92 GERMANY: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 129
10.3.2 FRANCE 130
10.3.2.1 Rising R&D expenditure and funding for life sciences drive the French market 130
TABLE 93 FRANCE: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 130
TABLE 94 FRANCE: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 131
TABLE 95 FRANCE: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 131
TABLE 96 FRANCE: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 131
TABLE 97 FRANCE: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 132
TABLE 98 FRANCE: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 132
TABLE 99 FRANCE: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 132
10.3.3 UK 133
10.3.3.1 Strong support for life science R&D and well-developed infrastructure contribute to market growth 133
TABLE 100 UK: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 133
TABLE 101 UK: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 133
TABLE 102 UK: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 134
TABLE 103 UK: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 134
TABLE 104 UK: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 134
TABLE 105 UK: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 134
TABLE 106 UK: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 135
10.3.4 ITALY 135
10.3.4.1 Rising disease incidence and a strong research sector support the Italian market 135
TABLE 107 ITALY: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 135
TABLE 108 ITALY: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 136
TABLE 109 ITALY: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 136
TABLE 110 ITALY: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 136
TABLE 111 ITALY: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 137
TABLE 112 ITALY: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 137
TABLE 113 ITALY: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 137
10.3.5 SPAIN 138
10.3.5.1 Growing biotech industry and rising life science R&D drive market growth 138
TABLE 114 SPAIN: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 138
TABLE 115 SPAIN: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 138
TABLE 116 SPAIN: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 139
TABLE 117 SPAIN: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 139
TABLE 118 SPAIN: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 139
TABLE 119 SPAIN: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 140
TABLE 120 SPAIN: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 140
10.3.6 REST OF EUROPE 140
TABLE 121 ROE: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 141
TABLE 122 ROE: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 141
TABLE 123 ROE: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 141
TABLE 124 ROE: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 142
TABLE 125 ROE: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 142
TABLE 126 ROE: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 142
TABLE 127 ROE: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 143
10.4 ASIA 143
FIGURE 27 ASIA: LIQUID HANDLING SYSTEMS MARKET SNAPSHOT 144
TABLE 128 ASIA: LIQUID HANDLING SYSTEMS MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 145
TABLE 129 ASIA: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 145
TABLE 130 ASIA: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 145
TABLE 131 ASIA: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 146
TABLE 132 ASIA: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 146
TABLE 133 ASIA: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 146
TABLE 134 ASIA: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 147
TABLE 135 ASIA: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 147
10.4.1 JAPAN 147
10.4.1.1 Japan dominates the Asian liquid handling systems market 147
TABLE 136 JAPAN: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 148
TABLE 137 JAPAN: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 148
TABLE 138 JAPAN: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 148
TABLE 139 JAPAN: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 149
TABLE 140 JAPAN: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 149
TABLE 141 JAPAN: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 149
TABLE 142 JAPAN: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 150
10.4.2 CHINA 150
10.4.2.1 Focus on precision medicine and a large research base make China a key market 150
TABLE 143 CHINA: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 150
TABLE 144 CHINA: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 151
TABLE 145 CHINA: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 151
TABLE 146 CHINA: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 151
TABLE 147 CHINA: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 152
TABLE 148 CHINA: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 152
TABLE 149 CHINA: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 152
10.4.3 INDIA 153
10.4.3.1 Large population, growing biotech sector, and government support drive market growth 153
TABLE 150 INDIA: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 153
TABLE 151 INDIA: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 153
TABLE 152 INDIA: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 154
TABLE 153 INDIA: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 154
TABLE 154 INDIA: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 154
TABLE 155 INDIA: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 155
TABLE 156 INDIA: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 155
10.4.4 REST OF ASIA 155
TABLE 157 ROA: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 156
TABLE 158 ROA: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 156
TABLE 159 ROA: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 156
TABLE 160 ROA: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 157
TABLE 161 ROA: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 157
TABLE 162 ROA: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 157
TABLE 163 ROA: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 158
10.5 REST OF THE WORLD 158
TABLE 164 ROW: LIQUID HANDLING SYSTEMS MARKET, BY TYPE,
2019–2026 (USD MILLION) 159
TABLE 165 ROW: LIQUID HANDLING SYSTEMS MARKET, BY PRODUCT,
2019–2026 (USD MILLION) 159
TABLE 166 ROW: PIPETTES MARKET, BY TYPE, 2019–2026 (USD MILLION) 159
TABLE 167 ROW: CONSUMABLES MARKET, BY TYPE, 2019–2026 (USD MILLION) 160
TABLE 168 ROW: LIQUID HANDLING SYSTEMS MARKET, BY APPLICATION,
2019–2026 (USD MILLION) 160
TABLE 169 ROW: LIQUID HANDLING SYSTEMS MARKET FOR DRUG DISCOVERY APPLICATIONS, BY TYPE, 2019–2026 (USD MILLION) 160
TABLE 170 ROW: LIQUID HANDLING SYSTEMS MARKET, BY END USER,
2019–2026 (USD MILLION) 161
11 COMPETITIVE LANDSCAPE 162
11.1 OVERVIEW 162
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 162
TABLE 171 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN THE LIQUID HANDLING SYSTEMS MARKET 162
11.3 MARKET SHARE ANALYSIS 163
TABLE 172 LIQUID HANDLING SYSTEMS MARKET: DEGREE OF COMPETITION 163
11.4 COMPANY EVALUATION QUADRANT 164
11.4.1 STARS 164
11.4.2 EMERGING LEADERS 164
11.4.3 PERVASIVE PLAYERS 164
11.4.4 PARTICIPANTS 164
FIGURE 28 COMPANY EVALUATION QUADRANT: LIQUID HANDLING SYSTEMS MARKET 165
11.5 COMPANY EVALUATION QUADRANT FOR SMES/START-UPS 166
11.5.1 PROGRESSIVE COMPANIES 166
11.5.2 STARTING BLOCKS 166
11.5.3 RESPONSIVE COMPANIES 166
11.5.4 DYNAMIC COMPANIES 166
FIGURE 29 COMPANY EVALUATION MATRIX FOR SMES/START-UPS: LIQUID HANDLING SYSTEMS MARKET 167
11.6 COMPANY FOOTPRINT ANALYSIS 168
TABLE 173 COMPANY FOOTPRINT 168
TABLE 174 COMPANY REGIONAL FOOTPRINT 169
TABLE 175 COMPANY PRODUCT FOOTPRINT 170
11.7 COMPETITIVE BENCHMARKING 171
TABLE 176 LIQUID HANDLING SYSTEMS MARKET: DETAILED LIST OF KEY START-UP/SMES 171
11.8 COMPETITIVE SCENARIO 171
11.8.1 PRODUCT LAUNCHES 171
TABLE 177 KEY PRODUCT LAUNCHES 171
11.8.2 DEALS 172
TABLE 178 KEY DEALS 172
11.8.3 OTHER DEVELOPMENTS 173
TABLE 179 KEY OTHER DEVELOPMENTS 173
12 COMPANY PROFILES 174
12.1 KEY PLAYERS 174
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
12.1.1 THERMO FISHER SCIENTIFIC 174
TABLE 180 THERMO FISHER SCIENTIFIC: BUSINESS OVERVIEW 174
FIGURE 30 THERMO FISHER SCIENTIFIC: COMPANY SNAPSHOT (2021) 175
12.1.2 DANAHER CORPORATION 178
TABLE 181 DANAHER CORPORATION: BUSINESS OVERVIEW 178
FIGURE 31 DANAHER CORPORATION: COMPANY SNAPSHOT (2021) 178
12.1.3 PERKINELMER, INC. 181
TABLE 182 PERKINELMER, INC.: BUSINESS OVERVIEW 181
FIGURE 32 PERKINELMER, INC.: COMPANY SNAPSHOT (JAN 2022) 181
12.1.4 METTLER-TOLEDO INTERNATIONAL INC. 184
TABLE 183 METTLER-TOLEDO INTERNATIONAL INC.: BUSINESS OVERVIEW 184
FIGURE 33 METTLER-TOLEDO INTERNATIONAL INC.: COMPANY SNAPSHOT (2021) 185
12.1.5 AGILENT TECHNOLOGIES INC. 188
TABLE 184 AGILENT TECHNOLOGIES INC.: BUSINESS OVERVIEW 188
FIGURE 34 AGILENT TECHNOLOGIES: COMPANY SNAPSHOT (2021) 188
12.1.6 QIAGEN 190
TABLE 185 QIAGEN: BUSINESS OVERVIEW 190
FIGURE 35 QIAGEN NV: COMPANY SNAPSHOT (2021) 191
12.1.7 CORNING INCORPORATED 193
TABLE 186 CORNING INCORPORATED: BUSINESS OVERVIEW 193
FIGURE 36 CORNING INCORPORATED: COMPANY SNAPSHOT (2021) 194
12.1.8 SARTORIUS AG 198
TABLE 187 SARTORIUS AG: BUSINESS OVERVIEW 198
FIGURE 37 SARTORIUS AG: COMPANY SNAPSHOT (2021) 199
12.1.9 LONZA GROUP LTD. 201
TABLE 188 LONZA GROUP LTD.: BUSINESS OVERVIEW 201
FIGURE 38 LONZA GROUP LTD.: COMPANY SNAPSHOT (2021) 202
12.1.10 TECAN GROUP LTD. 205
TABLE 189 TECAN GROUP LTD: BUSINESS OVERVIEW 205
FIGURE 39 TECAN GROUP LTD.: COMPANY SNAPSHOT (2020) 206
12.1.11 EPPENDORF 209
TABLE 190 EPPENDORF AG: BUSINESS OVERVIEW 209
FIGURE 40 EPPENDORF: COMPANY SNAPSHOT (2020) 210
12.1.12 BROOKS AUTOMATION INC. 213
TABLE 191 BROOKS AUTOMATION INC.: BUSINESS OVERVIEW 213
FIGURE 41 BROOKS AUTOMATION INC.: COMPANY SNAPSHOT (2021) 213
12.1.13 ENDRESS+HAUSER GROUP SERVICES AG 215
TABLE 192 ENDRESS+HAUSER GROUP SERVICES AG: BUSINESS OVERVIEW 215
FIGURE 42 ENDRESS+HAUSER: COMPANY SNAPSHOT (2020) 215
12.1.14 BRAND GMBH + CO KG 217
TABLE 193 BRAND GMBH + CO KG: BUSINESS OVERVIEW 217
12.1.15 GREINER BIO-ONE INTERNATIONAL GMBH 220
TABLE 194 GREINER BIO-ONE INTERNATIONAL GMBH: BUSINESS OVERVIEW 220
12.1.16 GARDNER DENVER 221
TABLE 195 GARDNER DENVER: BUSINESS OVERVIEW 221
12.1.17 GILSON INCORPORATED 223
TABLE 196 GILSON INCORPORATED: BUSINESS OVERVIEW 223
12.1.18 HAMILTON COMPANY 226
TABLE 197 HAMILTON COMPANY: BUSINESS OVERVIEW 226
12.1.19 HUDSON ROBOTICS 229
TABLE 198 HUDSON ROBOTICS: BUSINESS OVERVIEW 229
12.1.20 HITEC ZANG GMBH 231
TABLE 199 HITEC ZANG GMBH: BUSINESS OVERVIEW 231
12.1.21 INTEGRA BIOSCIENCES LTD. 233
TABLE 200 INTEGRA BIOSCIENCES LTD.: BUSINESS OVERVIEW 233
12.1.22 METROHM AG 235
TABLE 201 METROHM AG: BUSINESS OVERVIEW 235
12.1.23 OROCHEM TECHNOLOGIES INC. 237
TABLE 202 OROCHEM TECHNOLOGIES INC.: BUSINESS OVERVIEW 237
12.1.24 SPT LABTECH LTD 239
TABLE 203 SPT LABTECH LTD: BUSINESS OVERVIEW 239
12.1.25 TOMTEC 243
TABLE 204 TOMTEC: BUSINESS OVERVIEW 243
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
13 APPENDIX 244
13.1 INSIGHTS FROM INDUSTRY EXPERTS 244
13.2 DISCUSSION GUIDE 245
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 249
13.4 AVAILABLE CUSTOMIZATIONS 251
13.5 RELATED REPORTS 251
13.6 AUTHOR DETAILS 252
MarketsandMarkets