New York, June 05, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Testing Laboratories Industry" - https://www.reportlinker.com/p0552768/?utm_source=GNW
2 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Testing Laboratories market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
As part of the new emerging geographic scenario, the United States is forecast to readjust to a 4.9% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$1.3 Billion to the region’s size over the next 7 to 8 years. In addition, over US$1.2 Billion worth of projected demand in the region will come from Rest of European markets. In Japan, the Testing Laboratories segment will reach a market size of US$6.6 Billion by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Testing Laboratories market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world’s second largest economy will grow at 10% over the next couple of years and add approximately US$11.1 Billion in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Testing Laboratories market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others, 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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TESTING LABORATORIES MCP-6
MARKET ANALYSIS, TRENDS, AND FORECASTS, JUNE 2
CONTENTS
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
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 Global Competitor Market Shares Testing Laboratories Competitor Market Share Scenario Worldwide (in %): 2018 & 2029 Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
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)
3. MARKET TRENDS & DRIVERS 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 AttractsWidespread Criticism Insufficient Funding Hampers Operations ofCrime Labs
4. GLOBAL MARKET PERSPECTIVE
Table 1: Testing Laboratories Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027 Table 2: Testing Laboratories Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019 Table 3: Testing Laboratories Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS UNITED STATES Market Facts & Figures Market Analytics Table 4: United States Testing Laboratories Market Estimates and Projections in US$ Million: 2020 to 2027 Table 5: Testing Laboratories Market in the United States: A Historic Review in US$ Million for 2012-2019 CANADA Table 6: Canadian Testing Laboratories Market Estimates and Forecasts in US$ Million: 2020 to 2027 Table 7: Canadian Testing Laboratories Historic Market Review in US$ Million: 2012-2019 JAPAN Table 8: Japanese Market for Testing Laboratories: Annual Sales Estimates and Projections in US$ Million for the Period 2020-2027 Table 9: Testing Laboratories Market in Japan: Historic Sales Analysis in US$ Million for the Period 2012-2019 CHINA Table 10: Chinese Testing Laboratories Market Growth Prospects in US$ Million for the Period 2020-2027 Table 11: Testing Laboratories Historic Market Analysis in China in US$ Million: 2012-2019 EUROPE Market Facts & Figures Market Analytics Table 12: European Testing Laboratories Market Demand Scenario in US$ Million by Region/Country: 2020-2027 Table 13: Testing Laboratories Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019 Table 14: European Testing Laboratories Market Share Shift by Region/Country: 2012 VS 2020 VS 2027 FRANCE Table 15: Testing Laboratories Market in France: Estimates and Projections in US$ Million for the Period 2020-2027 Table 16: French Testing Laboratories Historic Market Scenario in US$ Million: 2012-2019 GERMANY Table 17: Testing Laboratories Market in Germany: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027 Table 18: German Testing Laboratories Historic Market Analysis in US$ Million: 2012-2019 ITALY Table 19: Italian Testing Laboratories Market Growth Prospects in US$ Million for the Period 2020-2027 Table 20: Testing Laboratories Historic Market Analysis in Italy in US$ Million: 2012-2019 UNITED KINGDOM Table 21: United Kingdom Market for Testing Laboratories: Annual Sales Estimates and Projections in US$ Million for the Period 2020-2027 Table 22: Testing Laboratories Market in the United Kingdom: Historic Sales Analysis in US$ Million for the Period 2012-2019 SPAIN Table 23: Spanish Testing Laboratories Market Estimates and Forecasts in US$ Million: 2020 to 2027 Table 24: Spanish Testing Laboratories Historic Market Review in US$ Million: 2012-2019 RUSSIA Table 25: Russian Testing Laboratories Market Estimates and Projections in US$ Million: 2020 to 2027 Table 26: Testing Laboratories Market in Russia: A Historic Review in US$ Million for 2012-2019 REST OF EUROPE Table 27: Rest of Europe Testing Laboratories Market Estimates and Forecasts in US$ Million: 2020-2027 Table 28: Testing Laboratories Market in Rest of Europe in US$ Million: A Historic Review for the Period 2012-2019 ASIA-PACIFIC Table 29: Asia-Pacific Testing Laboratories Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027 Table 30: Testing Laboratories Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019 Table 31: Asia-Pacific Testing Laboratories Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027 AUSTRALIA Table 32: Testing Laboratories Market in Australia: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027 Table 33: Australian Testing Laboratories Historic Market Analysis in US$ Million: 2012-2019 INDIA Table 34: Indian Testing Laboratories Market Estimates and Forecasts in US$ Million: 2020 to 2027 Table 35: Indian Testing Laboratories Historic Market Review in US$ Million: 2012-2019 SOUTH KOREA Table 36: Testing Laboratories Market in South Korea: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027 Table 37: South Korean Testing Laboratories Historic Market Analysis in US$ Million: 2012-2019 REST OF ASIA-PACIFIC Table 38: Rest of Asia-Pacific Market for Testing Laboratories: Annual Sales Estimates and Projections in US$ Million for the Period 2020-2027 Table 39: Testing Laboratories Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million for the Period 2012-2019 LATIN AMERICA Table 40: Latin American Testing Laboratories Market Trends by Region/Country in US$ Million: 2020-2027 Table 41: Testing Laboratories Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019 Table 42: Latin American Testing Laboratories Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027 ARGENTINA Table 43: Argentinean Testing Laboratories Market Estimates and Forecasts in US$ Million: 2020-2027 Table 44: Testing Laboratories Market in Argentina in US$ Million: A Historic Review for the Period 2012-2019 BRAZIL Table 45: Testing Laboratories Market in Brazil: Estimates and Projections in US$ Million for the Period 2020-2027 Table 46: Brazilian Testing Laboratories Historic Market Scenario in US$ Million: 2012-2019 MEXICO Table 47: Testing Laboratories Market in Mexico: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027 Table 48: Mexican Testing Laboratories Historic Market Analysis in US$ Million: 2012-2019 REST OF LATIN AMERICA Table 49: Rest of Latin America Testing Laboratories Market Estimates and Projections in US$ Million: 2020 to 2027 Table 50: Testing Laboratories Market in Rest of Latin America: A Historic Review in US$ Million for 2012-2019 MIDDLE EAST Table 51: The Middle East Testing Laboratories Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027 Table 52: Testing Laboratories Market in the Middle East by Region/Country in US$ Million: 2012-2019 Table 53: The Middle East Testing Laboratories Market Share Breakdown by Region/Country: 2012, 2020, and 2027 IRAN Table 54: Iranian Market for Testing Laboratories: Annual Sales Estimates and Projections in US$ Million for the Period 2020-2027 Table 55: Testing Laboratories Market in Iran: Historic Sales Analysis in US$ Million for the Period 2012-2019 ISRAEL Table 56: Israeli Testing Laboratories Market Estimates and Forecasts in US$ Million: 2020-2027 Table 57: Testing Laboratories Market in Israel in US$ Million: A Historic Review for the Period 2012-2019 SAUDI ARABIA Table 58: Saudi Arabian Testing Laboratories Market Growth Prospects in US$ Million for the Period 2020-2027 Table 59: Testing Laboratories Historic Market Analysis in Saudi Arabia in US$ Million: 2012-2019 UNITED ARAB EMIRATES Table 60: Testing Laboratories Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027 Table 61: United Arab Emirates Testing Laboratories Historic Market Analysis in US$ Million: 2012-2019 REST OF MIDDLE EAST Table 62: Testing Laboratories Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027 Table 63: Rest of Middle East Testing Laboratories Historic Market Analysis in US$ Million: 2012-2019 AFRICA Table 64: African Testing Laboratories Market Estimates and Projections in US$ Million: 2020 to 2027 Table 65: Testing Laboratories Market in Africa: A Historic Review in US$ Million for 2012-2019
IV. COMPETITION
Total Companies Profiled: 34
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