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Test Drilling & Boring in the UK: Market Research Report

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

Test Drilling & Boring Market Research Report | SIC F43.130 | Dec 2016

Drill past testing times: Reveue has soared after a period of relatively poor performance

IBISWorld’s Test Drilling & Boring market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Geotechnics Limited Geotechnics Limited market share
Structural Soils Ltd Structural Soils Ltd market share
Industry Statistics & Market Size
Revenue
£124m
Annual Growth 12-17
2.7%
Annual Growth 17-22
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Profit
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Employment
841
Businesses
280
Industry Analysis & Industry Trends

Operators in the Test Drilling and Boring industry drill into the ground to test the attributes of the soil, measure ground heat, test for water reserves, monitor the build-up of gas under reclaimed land and sample for minerals. These services are typically required to ensure the safety of the works on brownfield and greenfield sites, as well as various industrial sites, before construction work can begin. The industry is one of the smallest in the construction sector and its performance fluctuates widely due to the influence of investment conditions in several key markets. Improving conditions across much of the construction sector have boosted the industry's performance over the past couple of years.

Industry revenue is expected to rise at a compound annual rate of 2.7%... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Test Drilling and Boring industry is considered to be in a mature stage of its life cycle despite its sharp contraction as a share of the UK economy since the mid-2000s. The industry is relatively small and subject to a high degree of revenue volatility, however contractors continue to benefit from advancements in technology and tighter environmental regulations.

The value the industry adds to the economy is expected to rise at a compound annual rate of 4% over the 10 years through 2021-22. This is faster than the growth rate of UK GDP, which is expected to grow at a compound annual rate of 2.3% over the same period. How.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Test Drilling & Boring Industry?

This industry includes firms engaged in test drilling, boring and core sampling. It excludes water well drilling and drilling activities in the mining, oil and gas industries. Most firms operate as subcontractors for builders, engineers and local councils on building and development projects, or for geophysical surveying and mapping applications.

Industry Products
Ground and site investigationGeotechnical servicesSoils, rock and materials testingOther services
 
Industry Activities
Test drilling and core sampling for construction projectsTest drilling and core sampling for mineral explorationTest boring for water and gases on reclaimed landTest drilling for ground heat


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