Laboratory Testing Services in the US - Industry Market Research Report

Laboratory Testing Services in the US - Industry Market Research Report


Laboratory Testing Services in the US

The Laboratory Testing Services industry includes companies that help businesses, construction contractors and manufacturers perform tests on items ranging from consumer and food products to industrial materials. As consumer goods become increasingly regulated, increased demand for testing services continues. Over the past five years, testing services providers have experienced growth in demand for testing services. In 2020, due to the COVID-19 pandemic, demand for testing services surged, leading industry revenue to grow that year. Accordingly, industry revenue is expected to grow over the five years to 2023, rising an annualized 3.1% to $30.3 billion, including a decline of 0.9% in 2023 alone.

Companies in this industry perform physical, chemical and other analytical testing for commercial purposes. Such testing may occur in a laboratory or an on-site facility (i.e. where the product is manufactured or developed). Most results from industry-led tests are checked against government regulations and environmental, industrial and product standards. This industry excludes medical and veterinary testing labs.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.


TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

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