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Technical Testing & Analysis in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Technical Testing & Analysis Market Research Report | SIC M71.200 | Apr 2016

Less testing times: Rising demand from the energy sector should support revenue expansion

IBISWorld’s Technical Testing & Analysis market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Lloyd's Register Group Lloyd's Register Group market share
Industry Statistics & Market Size
Revenue
£6bn
Annual Growth 12-17
5.7%
Annual Growth 17-22
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Profit
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Employment
54,691
Businesses
4,736
Industry Analysis & Industry Trends

Operators in the industry offer a wide range of services to assure consumers, companies and government institutions that products, services and processes meet regulatory requirements and relevant industry standards. The industry is highly fragmented, with many small players. Industry revenue is expected to increase at a compound annual rate of 5.7% over the five years through 2016-17. Industrial production activity was weak during the past five years, which hindered demand for industry services, as industrial and manufacturing firms are the most important market for the industry... purchase to read more

Industry Report - Industry Analysis Chapter

The Technical Testing and Analysis industry is expected to grow at a compound annual rate of 5.7% during the five years through 2016-17. Although industrial production activity stagnated and hindered demand, improvements in construction activity have since stimulated demand, as the construction sector is an important downstream market. Rising regulatory requirements introduced to ensure the quality and safety of products, services, raw materials and systems, together with regulations relating to energy consumption also contributed positively. In order to reduce risks to human health, more stringent policies governing food and agricultural products have been introduced, which has supported the industry. Reg.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Technical Testing & Analysis 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.

Industry Products
Materials and equipment testing and analysisAgriculture and food testing and analysisProduct testing and analysisTesting and analysis of processes and systems
 
Industry Activities
Acoustics and vibration testingTesting the composition and purity of mineralsFood hygiene testingTesting the physical characteristics and performance of materialsConducting performance tests on machineryUsing radiographic testing to assess welds and jointsTesting and measuring environmental indicators like air and water pollution


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