Testing and Analysis Services: Global Strategic Business Report

Global Testing and Analysis Services Market to Reach $39.4 Billion by 2030

The global market for Testing and Analysis Services estimated at US$25.5 Billion in the year 2022, is projected to reach a revised size of US$39.4 Billion by 2030, growing at a CAGR of 5.6% over the analysis period 2022-2030. Elemental, one of the segments analyzed in the report, is projected to record 6.4% CAGR and reach US$11.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Organic segment is readjusted to a revised 5.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $7.7 Billion, While China is Forecast to Grow at 5.3% CAGR

The Testing and Analysis Services market in the U.S. is estimated at US$7.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.9 Billion by the year 2030 trailing a CAGR of 5.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 4.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.

Select Competitors (Total 44 Featured) -

• Acuren
• ALS Ltd.
• Bureau Veritas SA
• Eurofins Scientific SE
• Exova Group PLC
• Intertek Group PLC
• Koninklijke Philips NV
• Leco Corporation
• Maxxam
• SGS Group (SGS SA)

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and the publisher's Research Platform
• Complimentary updates for one year