Industry Analysis & Industry Trends
Technical testing and analysis makes consumers, companies and government more confident that products, services and processes meet expectations and regulatory requirements. The demand for technical testing and analysis is increasing due to increasing complexity of many products and processes; increasing regulation in the areas of quality, health and safety, and environment; rising trend of outsourcing testing and analysis; and globalisation and increases in international trade. In 2011-12, the Technical Testing & Analysis industry is expected to generate revenue of £4.17 billion, up 3% from 2010-11.
Industry revenue is expected to increase an average annualised 1% in the five years through 2011-12... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Technical Testing & Analysis industry is in a growth phase of its life cycle, with industry value added increasing as a share of the UK economy in the five years through 2011-12.
Advances in technology have resulted in more complex materials, products, processes and systems, promoting the use of testing and analysis, and the outsourcing of these services. Governments, firms and consumers have become more conscious about quality, safety and the environment, and conformity to certain standards. There are more regulations and standards requiring testing, verification, auditing and certification. Some consolidation will occur in the industry, which should promote future industry investment... purchase to read more