Global Fire Testing Market 2023-2027

Global Fire Testing Market 2023-2027

The fire testing market is forecasted to grow by USD 2605.54 mn during 2022-2027, accelerating at a CAGR of 6.48% during the forecast period. The report on the fire testing 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 the implementation of stringent fire safety regulations, growing demand for fire testing services to assess fire resistance and performance of various materials and products, and a rise in demand for sustainable fire testing methods.

Technavio's fire testing market is segmented as below:

By Service Type

• Testing
• Inspection
• Certification

By Sourcing

• In-house fire testing
• Outsourced fire testing

By Geographical Landscape

• APAC
• Europe
• North America
• South America
• Middle East and Africa

This study identifies the increase in the adoption of advanced technologies in fire testing as one of the prime reasons driving the fire testing market growth during the next few years. Also, the growing adoption of automation in buildings and the rise in the adoption of smart city concepts will lead to sizable demand in the market.

The report on the fire testing market covers the following areas:

• Fire testing market sizing
• Fire testing market forecast
• Fire testing 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 fire testing market vendors that include Applus Services S.A., British Standards Institution, Bureau Veritas, Compagnie de Saint Gobain, DEKRA SE, Element Materials Technology Group Ltd., Eurofins Scientific SE, Exponent Inc., Factory Mutual Insurance Co., International Tin Association Ltd., Intertek Group Plc, QIMA Ltd., SGS SA, SHV Holdings, The Smithers Group Inc., TUV NORD AG, TUV Rheinland AG, TUV SUD AG, UL Solutions Inc., and VTEC Laboratories Inc.. Also, the fire testing 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.