Global Testing Laboratories Market Report 2021: Market to Reach $124.2 Billion by 2027 - Focus on Preventive Maintenance and High Quality Standards Drive Demand for Calibration Services

Dublin, Aug. 30, 2021 (GLOBE NEWSWIRE) -- The "Testing Laboratories - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

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.

Key Topics Covered:

I. METHODOLOGY

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

2. FOCUS ON SELECT PLAYERS (Total 34 Featured)

• 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)

• Merieux 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)

• TUVRheinland (Germany)

• TUV SUD 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 Attracts Widespread Criticism

• Insufficient Funding Hampers Operations of Crime Labs

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/s9uw3p

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