Consumer Product Safety Testing Market By Offering (Electromagnetic Compatibility, Electrical Safety, Connectivity, Electronics Testing, Energy Efficiency Testing, Others), By Sourcing (In House, Outsource), By Industry Vertical (Communications, Semiconductor, Aerospace and Defense, Consumer Electronics, Automotive, Healthcare, Industrial, Food and Beverages, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global consumer product safety testing market was valued at $33,052.7 million in 2021, and is projected to reach $60,503.1 million by 2031, registering a CAGR of 6.32% from 2022 to 2031.Consumer product safety testing is a service designed to offer inspection, auditing, verification, testing, and certification of consumer products.
Key factors that drive growth of the consumer product safety testing market include increase in focus of manufacturing companies to improve customer retention by offering quality products and surge in demand for interoperability testing for connected devices and IoT. Key factors that hampers growth of the market is high cost of product safety testing services, due to diverse standards and regulations across different regions. The opportunity lies in the digital transformation of customer services and rapid adoption of breakthrough technologies.
The consumer product safety testing market is segmented on the basis of offering, sourcing type, industry vertical, and region. By offering, the market is divided into electromagnetic compatibility, electrical safety, connectivity, electronics testing, energy efficiency testing and others. By sourcing type, the market is bifurcated into in-house, and outsource. By industry vertical, the market is analyzed across communications, semiconductors, aerospace and defense, consumer electronics, automotive, healthcare, industrial, food and beverages and others.Regionwise, the radio headset markettrends are analyzed across North America (the U.S., Canada, and Mexico), Europe (U.K., Germany, France, Italy, Spain, Russia, Poland and rest of Europe), Asia-Pacific China, Japan, India, South Korea, Philippines, Australia, Indonesia and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The key players operating in the marketincludeABS Group Of Companies, Inc, ALS Limited, BSI, Bureau Veritas S.A, Dekra, DNV, Element Materials Technology (Element), Intertek Group Plc, ISO, TUV SUD AG, Eurofins Electrical & Electronics (E&E), National Technical Systems, Inc, HQTS Group Ltd, AMA Laboratories Inc., Applied Technical Services, LLC, NSL Analytical Services, Inc. and QIMA.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the consumer product safety testing market analysis from 2021 to 2031 to identify the prevailing consumer product safety testing market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the consumer product safety testing market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global consumer product safety testing market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Offering
Electrical Safety
Connectivity
Electronics Testing
Energy Efficiency Testing
Others
Electromagnetic Compatibility
By Sourcing
In House
Outsource
By Industry Vertical
Communications
Semiconductor
Aerospace and Defense
Consumer Electronics
Automotive
Healthcare
Industrial
Food and Beverages
Others
By Region
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Spain
Russia
Poland
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Philippines
Australia
Indonesia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
ABS
Bureau Veritas SA
DEKRA
DNV
Element Materials Technology
Intertek Group PLC
ISO
TUV
als limited
bsi group
Eurofins E&E
NTS
HQTS Group Ltd.
AMA Laboratories
Applied Technical Services, LLC
nsl analytical services, inc.
qimarox
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