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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
Annual Growth 12-17
Annual Growth 17-22
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Industry Threats & Opportunities
  • Mild compound annual growth over the past five years conceals a period of extreme volatility
  • Investment into roads and the construction of smart motorways has driven industry demand
  • High demand for new housing should continue providing opportunities for drilling contractors
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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 - Starting a New Business Chapter

The industry has moderate barriers to the entry for new competitors. The industry has a relatively high capital requirement compared with most construction trades. Net capital expenditure absorbs approximately 5% of revenue, which may discourage new entrants, however drilling rigs can be rented on short- and long-term lease arrangements.

Environmental regulation is heavy, particularly to minimise disturbances from drilling underground and at the drill site. New entrants must quickly build relationships with construction firms and local authorities to compete with existing players with proven track records. Existing firms are likely to have a proven reputation for quality service, timeliness, and value for money, which new entrants will find difficult to counter in the short term.

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Additional Insights for the Test Drilling & Boring Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Test Drilling & Boring Industry are

  • Ability to accommodate environmental requirements
  • Good project management skills
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Demand from commercial building construction and Demand from residential building construction in the Test Drilling & Boring industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    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

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from commercial building construction
  • Demand from residential building construction
  • Demand from road and motorway construction
  • Government capital expenditure
  • Public concern over environmental issues
  • Current Performance
  • Damaged demand
  • Residential and commercial construction
  • Profit performance
  • Chart: Revenue Growth
  • Industry Outlook
  • Rocky outlook
  • Further opportunities
  • Challenges and developments
  • Table: Test Drilling & Boring Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Test Drilling & Boring Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Residential Building Construction
  • Consultant Engineering Services
  • Technical Testing & Analysis
  • Key Selling Industries
  • Construction Equipment Rental & Leasing
  • Construction Supplies Wholesaling
  • Mining, Construction & Civil Engineering Machinery Wholesaling
  • Petrol Stations
  • Products & Services
  • Ground and site investigation
  • Geotechnical services
  • Soils, rock and materials testing
  • Other services
  • Chart: Test Drilling & Boring Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Building construction
  • Infrastructure
  • Environmental market
  • Chart: Major Market Segmentation for the Test Drilling & Boring Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Test Drilling & Boring
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Test Drilling & Boring Industry
  • Industry Globalization
    Major Companies
    Structural Soils Ltd
    Geotechnics Limited
  • Table: Structural Soils Ltd - financial performance
  • Table: Geotechnics Limited - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Test Drilling & Boring Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Test Drilling & Boring Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Brownfield Site
  • A piece of land that has already been used for industrial or commercial purposes. It may be contaminated with low concentrations of hazardous waste or pollution.
  • Geophysical Survey
  • A study of the structure and composition of the earth.
  • Greenfield Site
  • Undeveloped land that has previously been used for agriculture or landscape design or has been left undisturbed.
  • Water Well
  • An excavation that can be created by drilling or boring to access groundwater in underground layers of rock.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Test Drilling & Boring:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Test Drilling & Boring market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Test Drilling & Boring, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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