US Workbench/Workstation Market to Grow at a CAGR of 8.8% to reach US$ 10,509.34 million from 2020 to 2028

US Workbench/Workstation Market Forecast to 2028 - COVID-19 Impact and Country Analysis by Type (Linear Workstations, Cluster Workstations, Single Seater Workstations, Screen Systems, and Others), Material (Metal, Wood, and Others), and End User (Residential, Institutional, and Industrial)

  • Report Code : TIPRE00021437
  • Category : Consumer Goods
  • Status : Published
  • No. of Pages : 99
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The US workbench/workstation market was valued at US$ 5,946.08 million in 2020 and is projected to reach US$ 10,509.34 million by 2028; it is expected to grow at a CAGR of 8.8% from 2021 to 2028.

Workbench/workstation is a sturdy table system used to work and improve work efficiency. These types of workbenches are available in a wide range, from simple flat surfaces to a complex design with multipurpose functionality. Workstations and workbenches are significantly used across diverse application bases, such as general-purpose woodworking, electronic industrial set-up, laboratory purposes, industrial, art and sculpture, and jewelry and watchmaking. Product innovations and technological advancements in the workbenches/workstations industry are providing lucrative growth opportunity for the US workbench/workstation market. Through effective research and development activities to understand consumer preference, along with rise in investments by emerging and innovative players, paradigm shift have been observed in the technology associated with workstations and workbenches.

The US workbenches and workstations market is affected by the sudden deterrent conditions prevailing due to lockdown across the US and shutdown of manufacturing and trading capabilities. However, as the economies started to revive their operations, an increase in the demand for such workstation and workbenches is observed in the country owing to shift in work structure. The COVID-19 pandemic transformed the industry requirements and have accelerated the focus toward home office set-up. As the industries are adopting a flexible work structure, workers need specific workstation set-up at home to meet their ergonomic requirements and comfortability. This have spurred the demand for workstation/workbenches. Additionally, amid lockdown, customers have shifted their focus toward online purchase due to rising health and safety concerns along with better online experiences and speedy delivery. Therefore, e-commerce channels witnessed more sales of home furniture than conventional furniture stores. The rising preference toward the use of such workstation and workbenches in diversified application bases facilities along with significant investment by prominent manufacturers during COVID-19 pandemic, would promote the growth of the US workbenches/workstations market post pandemic.

Market Insights


Diverse Applications of Workstations/Workbenches

In the electronics industry, these workstations and workbenches are majorly used while assembling various electronic equipment, such as computers, communication devices, and home entertainment products. Such benches have in-built power sources and multiple shelves. They are equipped with electrostatic dissipative (ESD) materials and task lighting features. Workstations/workbenches in the industrial set-up are composed of materials such as wood or steel to suit specific purposes. These workbenches are stronger than traditional workbenches and can withstand heavy-duty projects. They are used for larger scale operations. Different forms of workstations are also established for general repair and small engine repair shops such as light metal work, sharpening, cleaning, lubricating, and assembly or disassembly functions. For laboratory purposes, these workstations and workbenches support to perform activities in chemical and biological science. Workstations in a laboratory should be made of chemical resistant materials. Also, these should preferably have utilities such as water, gas, and power to make work easier. In the field of art and sculpture, workstations are used by artists and wood and stone carvers. These are specifically designed in the round shape in such a way that the workpiece can be effectively mounted and accessed from all the angles. In jewelry and watchmaking applications, the workbenches installed should possess a bench pin—small wooden work surface bulging outward—to allow the worker to gain access to small parts of the jewelry and watches. Such workstations are carefully designed to effectively position the work and components near or in front of the worker for ease of working.

Type Insights

Based on type, the workbench/workstation market is segmented into linear workstations, cluster workstations, single seater workstations, screen systems, and others. The others segment led the market with the largest share in 2020. There are many workstations that are used in the residential, industrial, and institutional sectors. These workstations include flow rack shelf workstation, LAN station workstation, laminar flow workbenches, material handling workbenches, and trolley workstations. The flow rack workstation can be considered as gravity stand unit. In this workstation, all shelves are adjustable and tiled for gravity feed and multiple shelves stacking applications. LAN station workstations are designed to provide storage for any combination of computer and server. Laminar flow workbench is a workbench which has a specialized hood. The air is drawn from a High Efficiency Particulate Air (HEPA) filer in the hood and is blown away from the materials and the parts in a unidirectional manner, which can be either vertical or horizontal. The material handling workbenches are used in shipping, packaging, and receiving facilities. The workbenches are equipped with hydraulics to provide a height adjustable solution that help in increasing the productivity and reducing injuries.

US Workbench/Workstation Market, by Type – 2020 and 2028

US Workbench/Workstation Market, by Type – 2020 and 2028
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US Workbench/Workstation Market: Strategic Insights

us-workbench-workstation-market
Market Size Value inUS$ 5,946.08 Million in 2020
Market Size Value byUS$ 10,509.34 Million by 2028
Growth rateCAGR of 8.8% from 2021-2028
Forecast Period2021-2028
Base Year2021
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A few key market players operating in the US workbench/workstation market are RDM Industrial Products, Inc.; BenchPro; OnePointe Solutions; Steel Sentry, Inc.; Formaspace; Treston Limited; Workstation Industries; BostonTec, Herman Miller, Inc.; and IAC Industries, Inc.. Major players in the market are focusing on strategies such as mergers and acquisitions and product launches to expand their geographical presence and consumer base across the US.  

Report Spotlights

  • Progressive industry trends in the US workbench/workstation market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the US workbench/workstation market from 2017 to 2028
  • Estimation of the demand for workbench/workstation across various industries
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
  • Recent developments to understand the competitive market scenario and the demand for workbench/workstation  
  • Market trends and outlook coupled with factors driving and restraining the growth of the workbench/workstation market
  • Decision-making process by understanding strategies that underpin commercial interest with regard to US workbench/workstation market growth
  • Workbench/workstation market size at various nodes of market
  • Detailed overview and segmentation of the US Workbench/workstation market as well as its dynamics in the industry
  • Workbench/workstation market size in various regions with promising growth opportunities


US Workbench/Workstation Market, by Type

  • Linear Workstations
  • Cluster Workstations
  • Single Seater Workstations
  • Screen Systems
  • Others

US Workbench/Workstation Market, by Material

  • Metal
  • Wood
  • Others

US Workbench/Workstation Market, by End User

  • Residential
  • Institutional
  • Industrial

Company Profiles

  • RDM Industrial Products, Inc.
  • BenchPro
  • OnePointe Solutions
  • Steel Sentry, Inc.
  • Formaspace
  • Treston Limited
  • Workstation Industries
  • BostonTec
  • Herman Miller, Inc.
  • IAC Industries, Inc.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Material, and End User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada

The List of Companies- US Workbenches/Workstations Market

  1. RDM Industrial Products, Inc.
  2. BenchPro
  3. OnePointe Solutions
  4. Steel Sentry, Inc.
  5. Formaspace
  6. Treston Ltd.
  7. Workstation Industries
  8. BostonTec
  9. Herman Miller, Inc
  10. IAC Industries, Inc

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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