Market Overview:
The global product testing service market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for quality products and the need for compliance with regulatory norms. The product testing service market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into mechanical shock testing, pressure testing, temperature testing, thermal shock testing, torsional Testing Vibration Testing Product Testing Service .On the basis of application ,the market is segmented into aerospace automotive general rubber goods industrial components medical devices others .
Product Definition:
Testing is a process that verifies the quality of a product or system. In the context of software development, testing is an important part of the overall process. It allows developers to verify that their code works as intended and meets the requirements specified by customers or end users. Testing can also help identify potential problems before products are released to customers.
Mechanical Shock Testing:
Mechanical shock testing is a method of testing used to measure the force, or applied pressure, which is transmitted through an object by means of mechanical vibration or impact. The test subject usually represents the material being tested and may be a person, animal or machine.
The tests are conducted in controlled environments using special equipment to generate high-pressure waves and impacts that are similar to those suffered by patients with spinal injuries.
Pressure Testing:
Pressure testing is a method used to measure the force or pressure that can be applied to an object. It is also known as hydrostatic testing and uses water or air as a medium for applying pressure. The test pressures are usually between 0 - 200 bars (0 - 2,000 pounds per square inch gauge).
The global product testing service market was valued at USD 21 billion in 2013.
Application Insights:
The automotive application segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. General rubber goods are manufactured using different materials with different characteristics, which require specific tests to determine their durability. The product testing services offered by specialized agencies ensure quality control of rubber components during manufacturing process.
Automotive industry requires a high number of safety tests carried out on a regular basis to maintain its competitiveness in global market. Automotive manufacturers are highly dependent on suppliers and this dependence is likely to increase over next few years as major automakers continuously invest in new facilities or expand their existing plants capacity-wise for increasing production rates, thereby driving demand further from 2018 to 2030.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing foreign investments coupled with rising industrial activities. Rapidly growing end-use industries such as automotive, aerospace, medical devices, and others are also contributing towards regional growth.
China is estimated to be the fastest-growing country in terms of revenue over the forecast period owing to rapid industrialization along with a large population base within its borders. China has witnessed significant changes in various fields including economy & finance; political system; lifestyle & culture; and technology leading to an upsurge in product testing services demand across all major industry verticals since 2010s.
Growth Factors:
- Increasing demand for quality products: The global market is growing at a fast pace and the consumers are becoming more quality conscious. This has led to the increase in demand for product testing services.
- Rapid industrialization and urbanization: The industrial sector is growing rapidly all over the world due to rapid urbanization and globalization. This has resulted in an increased need for product testing services as companies want to ensure that their products meet the safety standards required in different regions of the world.
- Rising awareness about product safety: With increasing incidents of faulty or dangerous products hitting the markets, consumers are becoming more aware about product safety issues and are demanding safer products. This is driving demand for reliable product testing services worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Product Testing Service Market Research Report
By Type
Mechanical Shock Testing, Pressure Testing, Temperature Testing, Thermal Shock Testing, Torsional Testing, Vibration Testing, Product Testing Servic
By Application
Aerospace, Automotive, General Rubber Goods, Industrial Components, Medical Devices, Others
By Companies
Smithers, Intertek, Element, CPT Labs, Bureau Veritas, Eurofins, TUV Nord, Asia Quality Focus, Wipro, AM Testing and Services, Inc., QAI, CSA Group, PCR, BSI Group, Core Compliance Testing Services, Mindtree, Axel Products, HCL Technologies, Zivtech, SGS, DEKRA, Product Testing Servic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Product Testing Service Market Report Segments:
The global Product Testing Service market is segmented on the basis of:
Types
Mechanical Shock Testing, Pressure Testing, Temperature Testing, Thermal Shock Testing, Torsional Testing, Vibration Testing, Product Testing Servic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace, Automotive, General Rubber Goods, Industrial Components, Medical Devices, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Smithers
- Intertek
- Element
- CPT Labs
- Bureau Veritas
- Eurofins
- TUV Nord
- Asia Quality Focus
- Wipro
- AM Testing and Services, Inc.
- QAI
- CSA Group
- PCR
- BSI Group
- Core Compliance Testing Services
- Mindtree
- Axel Products
- HCL Technologies
- Zivtech
- SGS
- DEKRA
- Product Testing Servic
Highlights of The Product Testing Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mechanical Shock Testing
- Pressure Testing
- Temperature Testing
- Thermal Shock Testing
- Torsional Testing
- Vibration Testing
- Product Testing Servic
- By Application:
- Aerospace
- Automotive
- General Rubber Goods
- Industrial Components
- Medical Devices
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Product Testing Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Product testing is a process of evaluating the effectiveness of a product or service. It involves using a sample to determine whether it meets customer needs and expectations.
Some of the major companies in the product testing service market are Smithers, Intertek, Element, CPT Labs, Bureau Veritas, Eurofins, TUV Nord, Asia Quality Focus, Wipro, AM Testing and Services, Inc., QAI, CSA Group, PCR, BSI Group, Core Compliance Testing Services, Mindtree, Axel Products, HCL Technologies, Zivtech, SGS, DEKRA, Product Testing Servic.
The product testing service market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Product Testing Service Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Product Testing Service Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Product Testing Service Market - Supply Chain
4.5. Global Product Testing Service Market Forecast
4.5.1. Product Testing Service Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Product Testing Service Market Size (000 Units) and Y-o-Y Growth
4.5.3. Product Testing Service Market Absolute $ Opportunity
5. Global Product Testing Service Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Product Testing Service Market Size and Volume Forecast by Type
5.3.1. Mechanical Shock Testing
5.3.2. Pressure Testing
5.3.3. Temperature Testing
5.3.4. Thermal Shock Testing
5.3.5. Torsional Testing
5.3.6. Vibration Testing
5.3.7. Product Testing Servic
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Product Testing Service Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Product Testing Service Market Size and Volume Forecast by Application
6.3.1. Aerospace
6.3.2. Automotive
6.3.3. General Rubber Goods
6.3.4. Industrial Components
6.3.5. Medical Devices
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Product Testing Service Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Product Testing Service Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Product Testing Service Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Product Testing Service Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Product Testing Service Demand Share Forecast, 2019-2026
9. North America Product Testing Service Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Product Testing Service Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Product Testing Service Market Size and Volume Forecast by Application
9.4.1. Aerospace
9.4.2. Automotive
9.4.3. General Rubber Goods
9.4.4. Industrial Components
9.4.5. Medical Devices
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Product Testing Service Market Size and Volume Forecast by Type
9.7.1. Mechanical Shock Testing
9.7.2. Pressure Testing
9.7.3. Temperature Testing
9.7.4. Thermal Shock Testing
9.7.5. Torsional Testing
9.7.6. Vibration Testing
9.7.7. Product Testing Servic
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Product Testing Service Demand Share Forecast, 2019-2026
10. Latin America Product Testing Service Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Product Testing Service Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Product Testing Service Market Size and Volume Forecast by Application
10.4.1. Aerospace
10.4.2. Automotive
10.4.3. General Rubber Goods
10.4.4. Industrial Components
10.4.5. Medical Devices
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Product Testing Service Market Size and Volume Forecast by Type
10.7.1. Mechanical Shock Testing
10.7.2. Pressure Testing
10.7.3. Temperature Testing
10.7.4. Thermal Shock Testing
10.7.5. Torsional Testing
10.7.6. Vibration Testing
10.7.7. Product Testing Servic
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Product Testing Service Demand Share Forecast, 2019-2026
11. Europe Product Testing Service Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Product Testing Service Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Product Testing Service Market Size and Volume Forecast by Application
11.4.1. Aerospace
11.4.2. Automotive
11.4.3. General Rubber Goods
11.4.4. Industrial Components
11.4.5. Medical Devices
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Product Testing Service Market Size and Volume Forecast by Type
11.7.1. Mechanical Shock Testing
11.7.2. Pressure Testing
11.7.3. Temperature Testing
11.7.4. Thermal Shock Testing
11.7.5. Torsional Testing
11.7.6. Vibration Testing
11.7.7. Product Testing Servic
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Product Testing Service Demand Share, 2019-2026
12. Asia Pacific Product Testing Service Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Product Testing Service Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Product Testing Service Market Size and Volume Forecast by Application
12.4.1. Aerospace
12.4.2. Automotive
12.4.3. General Rubber Goods
12.4.4. Industrial Components
12.4.5. Medical Devices
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Product Testing Service Market Size and Volume Forecast by Type
12.7.1. Mechanical Shock Testing
12.7.2. Pressure Testing
12.7.3. Temperature Testing
12.7.4. Thermal Shock Testing
12.7.5. Torsional Testing
12.7.6. Vibration Testing
12.7.7. Product Testing Servic
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Product Testing Service Demand Share, 2019-2026
13. Middle East & Africa Product Testing Service Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Product Testing Service Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Product Testing Service Market Size and Volume Forecast by Application
13.4.1. Aerospace
13.4.2. Automotive
13.4.3. General Rubber Goods
13.4.4. Industrial Components
13.4.5. Medical Devices
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Product Testing Service Market Size and Volume Forecast by Type
13.7.1. Mechanical Shock Testing
13.7.2. Pressure Testing
13.7.3. Temperature Testing
13.7.4. Thermal Shock Testing
13.7.5. Torsional Testing
13.7.6. Vibration Testing
13.7.7. Product Testing Servic
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Product Testing Service Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Product Testing Service Market: Market Share Analysis
14.2. Product Testing Service Distributors and Customers
14.3. Product Testing Service Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Smithers
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Intertek
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Element
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. CPT Labs
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bureau Veritas
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Eurofins
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. TUV Nord
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Asia Quality Focus
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Wipro
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. AM Testing and Services, Inc.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. QAI
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. CSA Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. PCR
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. BSI Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Core Compliance Testing Services
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Mindtree
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Axel Products
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. HCL Technologies
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Zivtech
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
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