In spite of the recession, metal testing service operators have benefited from an increase in research and development (R&D) expenditure and rising regulation over consumer products, particularly in line with the 2008 Consumer Product Safety Improvement Act. While rising regulation of consumer products has provided an overall boost to industry performance, it has also increased competition across the industry. During the next five years, the industry will continue to benefit from an increase in corporate profit, which will ultimately boost spending on R&D. The industry will also benefit from improvements to industrial production, which boosts the industry's demand from the mining and manufacturing sectors of the economy.
This industry offers outsourced metal testing and related analysis and consulting services for a wide variety of applications in downstream manufacturing, energy, mining and other industries. Metal testing services broadly includes chemical and mechanical testing of metals for identification and characterization, performance and materials development purposes.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.