The Technical Testing and Analysis industry offers a wide range of services to assure consumers, companies and government institutions that products, services and processes meet regulatory requirements and the relevant industry standards. The industry is highly fragmented, with many small players. Industry revenue is expected to increase at a compound annual rate of 5.9% over the five years through 2015-16. Industrial production activity remained weak during the past five years and hindered demand for industry services as industrial and manufacturing firms are the most important market for the 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, aircraft, pressurised containers, food hygiene and nuclear plants by using models or mock-ups. Animal and medical testing are not covered.
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.