Global Testing Laboratories Market to Reach $124.2 Billion by 2027
Amid the COVID-19 crisis, the global market for Testing Laboratories estimated at US$82.1 Billion in the year 2020, is projected to reach a revised size of US$124.2 Billion by 2027, growing at a CAGR of 6.1% over the period 2020-2027.
The U.S. Market is Estimated at $22.2 Billion, While China is Forecast to Grow at 9.3% CAGR
The Testing Laboratories market in the U.S. is estimated at US$22.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$26.5 Billion by the year 2027 trailing a CAGR of 9.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 5.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
Select Competitors (Total 34 Featured):
Amid the COVID-19 crisis, the global market for Testing Laboratories estimated at US$82.1 Billion in the year 2020, is projected to reach a revised size of US$124.2 Billion by 2027, growing at a CAGR of 6.1% over the period 2020-2027.
The U.S. Market is Estimated at $22.2 Billion, While China is Forecast to Grow at 9.3% CAGR
The Testing Laboratories market in the U.S. is estimated at US$22.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$26.5 Billion by the year 2027 trailing a CAGR of 9.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 5.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
Select Competitors (Total 34 Featured):
- Bureau Veritas Group
- CSA Group
- ELCA Laboratories
- Eurofins GeneScan
- Eurofins Scientific Group
- FM Approvals
- Foodtest Laboratories Ltd.
- Geotechnical Engineering Ltd.
- Intertek Group plc
- Mérieux Nutrisciences Corporation
- MET Laboratories Inc.
- National Technical Systems Inc.
- NGC Testing Services
- Retlif Testing Laboratories
- SGS S.A.
- TÜV SÜD America Inc.
- TÜVRheinland®
- Underwriters Laboratories Inc.
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Prelude
- Developing Markets Offer Significant Growth Opportunities
- Recent Market Activity
- Criteria for Selecting a Testing Laboratory
- Companies Prefer Off-Site Testing Laboratory Services
- Harmonization of Global Standards Remains a Challenge
- Internet - Creating Novel Business Opportunities for Laboratory Services
- PATs Gain Rapid Adoption in Electrical Appliance Manufacturing Industry
- Gradual Improvements in Global Economy Favors Market Growth
- Competitive Scenario
- M&A Activity Rife in Testing, Inspection and Certification Industry
- Challenges Facing Testing Lab Market
- Impact of Covid-19 and a Looming Global Recession
- Bureau Veritas Group (France)
- Bureau Veritas North America (USA)
- CSA Group (USA)
- ELCA Laboratories (India)
- Eurofins Scientific Group (France)
- Eurofins GeneScan (Germany)
- FM Approvals (USA)
- Foodtest Laboratories Ltd. (UK)
- Genetic ID (USA)
- Geotechnical Engineering Ltd. (UK)
- Intertek Group plc (UK)
- Mérieux Nutrisciences Corporation (USA)
- MET Laboratories, Inc. (USA)
- National Technical Systems, Inc. (USA)
- NGC Testing Services (USA)
- Retlif Testing Laboratories (USA)
- SGS S.A. (Switzerland)
- SGS North America, Inc. (USA)
- SGS Consumer Testing Services (USA)
- TÜVRheinland® (Germany)
- TÜV SÜD America, Inc. (USA)
- Underwriters Laboratories, Inc. (USA)
- FOOD TESTING MARKET - A REVIEW
- Food Testing Laboratories - The Most Prevalent of Them All
- Factors Impacting Food Safety Testing Volume
- Highly Regulated Food & Beverage Industry Presents Opportunities for Testing Market
- Globalization Injects Universal Demand for Food Testing
- Spurt in Number of Food-Borne Outbreaks Propel the Need for Food Testing
- A Glance at Select Product Recalls in the US - 2016
- List of Foodborne Illness Outbreaks in the US (2013-2016)
- Improper Labeling of Food Products to Help Perk-Up Demand for Food Testing
- Rising Incidents of Food Allergy Shifts Focus on Allergen Management Measures
- Food Testing Gaining Prominence in Developing Countries
- Rapid Screening Gains Preference over Traditional Food Testing Procedures
- Outsourcing of Food Safety Testing Gathers Steam
- Food Contract Labs to Outdo Food Plant Labs
- Novel & Tested Technologies to Spur Growth
- Nanotechnology in Food Testing
- Real-time PCR/qPCR Technologies Fundamental in Food Safety Testing
- Metabolomic Profiling in Food Safety Testing:An Opportunity to Tap
- Prospects for Molecular Diagnostics in Food Testing Grow Brighter
- AN INSIGHT INTO NON-DESTRUCTIVE TESTING (NDT) SERVICES MARKET
- Market Overview
- Evolving Applications of NDT Inspection: A Positive Trend
- Developing Countries to Spur Future Growth
- Aging Infrastructure in Developed Countries Drive Need for NDT Testing
- Power Generation Sector - The Traditional Revenue Contributor
- Growing Focus on Solar & Wind Power: Opportunity for NDT Testing Laboratories
- Government Regulations Provides Strong Business Case for NDT Testing
- Healthy Outlook for Oil & Gas Bodes Well for NDT Equipment
- Rapid Growth of Shale Gas Reserves Promises Bright Prospects for NDT Equipment
- Growing Preference of NDT Equipment in Marine Industry
- Automotive Sector - Opportunities Rife in OEM and Aftermarket Segments
- Automotive Manufacturers Embrace Testing Solutions
- Demand for NDT Testing of Composites on the Rise
- Technological Advances Prop Up Growth
- Price Sensitivity and Lack of Safety Regulations - A Challenge
- CALIBRATION TESTING MARKET - AN OVERVIEW
- Prelude
- Focus on Preventive Maintenance and High Quality Standards Drive Demand for Calibration Services
- Developing Markets: Opportunities in Store
- End-Use Industry Dynamics Impact Market Growth
- Market Drivers & Trends
- Key Challenges
- Calibration Services: Provider Landscape
- FORENSIC TESTING MARKET - AN OVERVIEW
- A Primer
- Rise in Crime Boosts the "Need" Factor
- DNA Analysis: The Ultimate Weapon in the Battle against Crime
- Rise in Gun Violence Raises the Demand for Forensic Ballistics
- Rise in Cyber Crimes Brings to Fore the Emergence of Computer Forensics
- Cloud Forensics Grow in Popularity
- All Eyes on Forensic Consulting Services
- Practice of Forensic Science Attracts Widespread Criticism
- Insufficient Funding Hampers Operations of Crime Labs
- Table 1: World Current & Future Analysis for Testing Laboratories by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 2: World Historic Review for Testing Laboratories by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- Table 3: World 15-Year Perspective for Testing Laboratories by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2020 & 2027
- UNITED STATES
- Table 4: USA Current & Future Analysis for Testing Laboratories by Segment - Testing Laboratories - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 5: USA Historic Review for Testing Laboratories by Segment - Testing Laboratories Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- CANADA
- Table 6: Canada Current & Future Analysis for Testing Laboratories by Segment - Testing Laboratories - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 7: Canada Historic Review for Testing Laboratories by Segment - Testing Laboratories Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- JAPAN
- Table 8: Japan Current & Future Analysis for Testing Laboratories by Segment - Testing Laboratories - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 9: Japan Historic Review for Testing Laboratories by Segment - Testing Laboratories Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- CHINA
- Table 10: China Current & Future Analysis for Testing Laboratories by Segment - Testing Laboratories - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 11: China Historic Review for Testing Laboratories by Segment - Testing Laboratories Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- EUROPE
- Table 12: Europe Current & Future Analysis for Testing Laboratories by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 13: Europe Historic Review for Testing Laboratories by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- Table 14: Europe 15-Year Perspective for Testing Laboratories by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2012, 2020 & 2027
- FRANCE
- Table 15: France Current & Future Analysis for Testing Laboratories by Segment - Testing Laboratories - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 16: France Historic Review for Testing Laboratories by Segment - Testing Laboratories Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- GERMANY
- Table 17: Germany Current & Future Analysis for Testing Laboratories by Segment - Testing Laboratories - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 18: Germany Historic Review for Testing Laboratories by Segment - Testing Laboratories Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- ITALY
- Table 19: Italy Current & Future Analysis for Testing Laboratories by Segment - Testing Laboratories - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 20: Italy Historic Review for Testing Laboratories by Segment - Testing Laboratories Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- UNITED KINGDOM
- Table 21: UK Current & Future Analysis for Testing Laboratories by Segment - Testing Laboratories - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 22: UK Historic Review for Testing Laboratories by Segment - Testing Laboratories Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- SPAIN
- Table 23: Spain Current & Future Analysis for Testing Laboratories by Segment - Testing Laboratories - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 24: Spain Historic Review for Testing Laboratories by Segment - Testing Laboratories Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- RUSSIA
- Table 25: Russia Current & Future Analysis for Testing Laboratories by Segment - Testing Laboratories - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 26: Russia Historic Review for Testing Laboratories by Segment - Testing Laboratories Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- REST OF EUROPE
- Table 27: Rest of Europe Current & Future Analysis for Testing Laboratories by Segment - Testing Laboratories - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 28: Rest of Europe Historic Review for Testing Laboratories by Segment - Testing Laboratories Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- ASIA-PACIFIC
- Table 29: Asia-Pacific Current & Future Analysis for Testing Laboratories by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 30: Asia-Pacific Historic Review for Testing Laboratories by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- Table 31: Asia-Pacific 15-Year Perspective for Testing Laboratories by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2012, 2020 & 2027
- AUSTRALIA
- Table 32: Australia Current & Future Analysis for Testing Laboratories by Segment - Testing Laboratories - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 33: Australia Historic Review for Testing Laboratories by Segment - Testing Laboratories Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- INDIA
- Table 34: India Current & Future Analysis for Testing Laboratories by Segment - Testing Laboratories - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 35: India Historic Review for Testing Laboratories by Segment - Testing Laboratories Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- SOUTH KOREA
- Table 36: South Korea Current & Future Analysis for Testing Laboratories by Segment - Testing Laboratories - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 37: South Korea Historic Review for Testing Laboratories by Segment - Testing Laboratories Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- REST OF ASIA-PACIFIC
- Table 38: Rest of Asia-Pacific Current & Future Analysis for Testing Laboratories by Segment - Testing Laboratories - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 39: Rest of Asia-Pacific Historic Review for Testing Laboratories by Segment - Testing Laboratories Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- LATIN AMERICA
- Table 40: Latin America Current & Future Analysis for Testing Laboratories by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 41: Latin America Historic Review for Testing Laboratories by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- Table 42: Latin America 15-Year Perspective for Testing Laboratories by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2012, 2020 & 2027
- ARGENTINA
- Table 43: Argentina Current & Future Analysis for Testing Laboratories by Segment - Testing Laboratories - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 44: Argentina Historic Review for Testing Laboratories by Segment - Testing Laboratories Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- BRAZIL
- Table 45: Brazil Current & Future Analysis for Testing Laboratories by Segment - Testing Laboratories - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 46: Brazil Historic Review for Testing Laboratories by Segment - Testing Laboratories Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- MEXICO
- Table 47: Mexico Current & Future Analysis for Testing Laboratories by Segment - Testing Laboratories - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 48: Mexico Historic Review for Testing Laboratories by Segment - Testing Laboratories Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- REST OF LATIN AMERICA
- Table 49: Rest of Latin America Current & Future Analysis for Testing Laboratories by Segment - Testing Laboratories - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 50: Rest of Latin America Historic Review for Testing Laboratories by Segment - Testing Laboratories Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- MIDDLE EAST
- Table 51: Middle East Current & Future Analysis for Testing Laboratories by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
- Table 52: Middle East Historic Review for Testing Laboratories by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- Table 53: Middle East 15-Year Perspective for Testing Laboratories by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2012, 2020 & 2027
- IRAN
- Table 54: Iran Current & Future Analysis for Testing Laboratories by Segment - Testing Laboratories - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 55: Iran Historic Review for Testing Laboratories by Segment - Testing Laboratories Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- ISRAEL
- Table 56: Israel Current & Future Analysis for Testing Laboratories by Segment - Testing Laboratories - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 57: Israel Historic Review for Testing Laboratories by Segment - Testing Laboratories Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- SAUDI ARABIA
- Table 58: Saudi Arabia Current & Future Analysis for Testing Laboratories by Segment - Testing Laboratories - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 59: Saudi Arabia Historic Review for Testing Laboratories by Segment - Testing Laboratories Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- UNITED ARAB EMIRATES
- Table 60: UAE Current & Future Analysis for Testing Laboratories by Segment - Testing Laboratories - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 61: UAE Historic Review for Testing Laboratories by Segment - Testing Laboratories Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- REST OF MIDDLE EAST
- Table 62: Rest of Middle East Current & Future Analysis for Testing Laboratories by Segment - Testing Laboratories - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 63: Rest of Middle East Historic Review for Testing Laboratories by Segment - Testing Laboratories Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- AFRICA
- Table 64: Africa Current & Future Analysis for Testing Laboratories by Segment - Testing Laboratories - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR
- Table 65: Africa Historic Review for Testing Laboratories by Segment - Testing Laboratories Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
- Total Companies Profiled: 34
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