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 - Starting a New Business Chapter
The barriers to entering the Technical Testing and Analysis industry are moderate. The large number of small firms participating in the industry would point to few barriers to entry, but of the high level of competition makes it slightly more difficult for new firms to enter.
The most significant barrier to entry into the Technical Testing and Analysis industry is the accreditation and authorisation process that needs to be fulfilled in order to be able to provide testing and analysis services. Receiving accreditation usually involves a large amount of time and a significant financial effort because skilled specialist and qualified staff must be attracted, hired and retained. Rec.. purchase to read more