Global Calibration Services Market 2024-2028
The calibration services market is forecasted to grow by USD 1786.9 mn during 2023-2028, accelerating at a CAGR of 5.54% during the forecast period. The report on the calibration services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by stringent regulations related to product safety, quality, and compliance, increased investment in research and development by end-user industries, and growing industrialization globally.
Technavio's calibration services market is segmented as below:
By Service Type
- Electrical
- Mechanical
- Thermodynamic
- Dimensional/physical
By Service
- Third party vendors
- In-house laboratories
- OEMs
By Geography
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the launch of new calibration solutions by vendors as one of the prime reasons driving the calibration services market growth during the next few years. Also, increasing number of strategic alliances among vendors and integration of calibration services with advanced digital solutions will lead to sizable demand in the market.
The report on the calibration services market covers the following areas:
- Calibration services market sizing
- Calibration services market forecast
- Calibration services market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading calibration services market vendors that include ABB Ltd., Beamex Oy AB, Bureau Veritas SA, Endress Hauser Group Services AG, ESSCO Calibration Laboratory, Eurofins Scientific SE, Fluke Corp., Hexagon AB, Intertek Group Plc, Keysight Technologies Inc., Micro Precision Calibration, Mitutoyo America Corp., National Instruments Corp., Omega Engineering Inc., Pratt and Whitney Measurement Systems, Inc., Rohde and Schwarz GmbH and Co. KG, SGS SA, Siemens AG, SIMCO Electronics, Tektronix Inc., Transcat Inc., Trescal International SAS, and Viavi Solutions Inc.. Also, the calibration services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.