Testing times: Despite overall growth, revenue has come under pressure from the EU referendum

Operators in the industry offer a wide range of services to assure consumers, companies and government institutions that products, services and processes meet regulatory requirements and relevant industry standards. Industry revenue is expected to increase at a compound annual rate of 1.4% over the five years through 2017-18. Construction activity rebounded and enabled the industry to expand during the first three years of the period, because construction firms depend on the industry to test materials and equipment and perform various tests. New regulatory requirements also supported demand for the industry’s services...read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • The industry has expanded overall despite revenue declines due to the EU referendum
  • The EU Toy Safety Directive requires manufacturers to comply with stricter regulations
  • Demand from telecommunications companies is anticipated to remain strong
  • Industry Report - Industry Key Buyers Chapter

    Market share concentration in the Technical Testing and Analysis industry is low because of its fragmented nature. The largest four companies are estimated to have a combined market share of 12.4% in 2017-18 and no single company contributes more than 5% of total industry revenue. However, market share concentration varies considerably between product and market segments.There are fewer than 20 employees working at 95.5% of firms, which confirms that the majority of players in the industry are relatively small. It also highlights the fact that scale is not an important prerequisite for successful operation in the industry.Market share concentration is expected to have increased over the past five years despite remaining low. Thi...purchase to read more.

    Additional Insights for the Technical Testing & Analysis Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Technical Testing & Analysis Industry are

  • Access to highly skilled workforce
  • Proximity to key markets
  • Prompt delivery to market
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Total value of construction in the Technical Testing & Analysis industry impact industry performance..

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    What's in this report

    What is the Technical Testing & Analysis Industry?

    This industry includes organisations that conduct physical, chemical and other analytical tests on materials and products. This includes the certification of consumer goods, motor vehicles, equipment, pressurised containers, food hygiene and nuclear plants by using models or mock-ups. Animal and medical testing are not covered.

    Industry Products
  • Materials and equipment testing and analysis
  • Agriculture and food testing and analysis
  • Product testing and analysis
  • Testing and analysis of processes and systems
  • Industry Activities
  • Acoustics and vibration testing
  • Testing the composition and purity of minerals
  • Food hygiene testing
  • Testing the physical characteristics and performance of materials
  • Conducting performance tests on machinery
  • Using radiographic testing to assess welds and joints
  • Testing and measuring environmental indicators like air and water pollution
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Total value of construction
  • Business capital expenditure
  • Public concern over environmental issues
  • Real household disposable income
  • Demand from electricity production

  • Current Performance
  • Testing demand
  • Regulations aid expansion
  • Margins narrow
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand widens
  • Potential turbulence
  • Margins improve
  • Table: Technical Testing & Analysis Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Technical Testing & Analysis Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Cereals, Leguminous Crops & Oilseed Growing
  • Wired Telecommunications Carriers
  • Motor Vehicle Parts & Accessories Manufacturing
  • Electricity Production
  • Commercial Building Construction

  • Key Selling Industries
  • Computer & Peripheral Equipment Manufacturing
  • Electromedical & Imaging Equipment Manufacturing
  • Measuring, Testing & Navigational Equipment Manufacturing
  • Optical & Photographic Equipment Manufacturing
  • Tool Manufacturing

  • Products & Services
  • Product testing and analysis
  • Materials and equipment testing and analysis
  • Testing and analysis of processes and systems
  • Agriculture and food testing and analysis
  • Chart: Technical Testing & Analysis Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Industrial and manufacturing sectors
  • Construction sector
  • Food and agricultural sectors
  • Other
  • Energy sector
  • Chart: Major Market Segmentation for the Technical Testing & Analysis Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Technical Testing & Analysis

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Technical Testing & Analysis Industry

  • Industry Globalization
    Lloyd's Register Group Limited,
  • Table: Lloyd's Register Group Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Technical Testing & Analysis Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Technical Testing & Analysis Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A process of evaluation that concludes with a written assertion that a system or component complies with specified requirements.
  • Fracking
  • Fracking is the process of drilling down into the earth before a high-pressure water mixture is directed at the rock to release the gas inside.
  • International Organization For Standardization
  • An international organisation that sets standards to ensure products are safe, reliable and of high quality.
  • Risk Assessment
  • A process of determining possible risks or problems that could occur and implementing procedures to avoid, minimise or cope with the impact of the risk.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Technical Testing & Analysis market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Technical Testing & Analysis:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Technical Testing & Analysis market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Technical Testing & Analysis, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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