Environment Testing Inspection And Certification Market

Environment Testing, Inspection, and Certification Market: Testing Products to Dominate the Global Market in Terms of Revenue: Global Industry Analysis (2012 - 2017) and Opportunity Assessment (2017 - 2026)

  • 2017-11-15
  • REP-GB-5602
  • 170 pages
  • PDF PPT EXCEL
 Environment Testing Inspection And Certification Market

An Incisive, In-depth Analysis on the Environment Testing Inspection And Certification Market

This study offers a comprehensive, 360 degree analysis on the Environment Testing Inspection And Certification market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Environment Testing Inspection And Certification market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Increasing instances of piracy and counterfeiting activities continues to boost demand for testing and inspection of the offered products in the global market. As consumption of goods in the developing countries continue to increase, manufacturers are increasingly focusing on complying with stringent regulations and standards set by the government. Moreover, surge in the number of imports is further expected to rev up demand for testing and inspection of products.

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According to Future Market Insights, the global environment testing, inspection, and certification market is expected to represent a value of over US$ 23,000 Mn by the end of 2026.

Market Taxonomy

Region

Product Type

End User

Sample Type

Test Type

  • North America

  • Testing

  • Agriculture Industry

  • Water Testing

  • Toxins

  • Latin America

  • Inspection

  • Construction Industry

  • Air Testing

  • Chemicals

  • Europe

  • Certification

  • Government Institutes and R&D laboratries

  • Soil Testing

  • Pathogens

  • Japan

 

  • Industrial Product Manufacturers

  • Building Materials

  • Physical properties

  • APEJ

 

  • Other End Users

  • Waste Testing

  • Metal

  • MEA

 

 

  • Fuel/Oil Testing

  • Organic matter

 

 

 

 

  • Nutrients/Elements/Minerals

 

 

 

 

  • Inorganics

 

 

 

 

  • pH Test

 

 

 

 

  • Other Types

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

Imposition of Government Regulations to Escalate Prices

Major companies are increasingly outsourcing the testing, inspection and certification services. Additional charges levied due to government regulations continue to make the conduct in-house test expensive due to which leading companies are outsourcing their services. Bound to these factors, outsourcing of the testing, inspection and certification services is expected to witness an increasing demand among the third-party vendors for applications in manufacturing and consumer goods.

Product Import and Safety to Fuel Demand for Services

Surge in the number of imports from the developing countries has led to increasing demand for inspecting and testing the products to ensure compliance of the products with the international standards. Leading companies in the developed countries are mainly focusing on controlling the value chain to ensure inspection of the products before they are exported. In addition, launch of products with short life cycles and different varieties is expected to rev up demand for certification and testing procedures. Growing need to maintain reliability and safety for the assets and passengers in the aerospace, automotive, defense, rail and marine has further contributed towards growth of the global environment testing, inspection and certification market.

Environment Friendly Features to Impact Market Growth

Many times the manufacturers and organizations need to ensure that execution of the products is not causing harm to the environment. In order to ensure safe execution of the products, the manufacturers and the leading companies are focusing on complying with the stringent regulations and standards set by the government. Companies are offering products with the government certified labels that indicate the product has relatively low impact on the health of the end users and is environment friendly. Growing need for preventing the environmental damage, reduce the operational malfunctions and maintain low impact on the environmental impact.

However, increasing number of product recalls is likely to inhibit growth of the global environment testing, inspection, and certification market. This has mainly been due to the faulty components and parts. Growing need to adhere with the stringent quality standards has further led to surge in demand for the testing services. Manufacturers increasingly use asbestos to ensure that the product is resistant to heat or fire. However, imposition of government regulations has continued to inhibit growth of the global market. Absence of inspection may lead to heightened construction costs, poor workmanship, methods and no documents related to construction means.

Agriculture Industry to Represent a Leading Segment

Growing need to ensure safety and premium quality of the products has led the manufacturers to opt for testing products globally. On the basis of product type, the testing segment is expected to represent the highest revenue share, accounting for a value of over US$ 1,000 Mn by the end of 2017. The certification product type segment is expected to witness a robust CAGR in the global market throughout the forecast period.

Based on end user, the agriculture industry segment is expected to generate significant revenues, recording a value of over US$ 1,000 Mn by the end of 2026. In contrary to this, the industrial product manufacturer product type segment is expected to register the highest CAGR during the forecast period.

By sample type, the water testing segment is expected to witness robust revenue growth, representing a value of over US$ 600 Mn by the end of 2017. However, the waste testing sample type segment is expected to witness a healthy CAGR through 2026.

Based on the test type, the toxins segment is expected to generate significant revenues, recording a value of over US$ 800 Mn by the end of 2026. On the other hand, the physical properties test type segment is expected to register an impressive CAGR during the forecast period.

Competition Tracking

Leading market players operating in the global environment testing, inspection, and certification market include SGS SA, Intertek Group, Bureau Veritas, Yara International ASA, ALS Ltd, Assure Quality, Exova Group, SCS Global, RJ Hills Laboratories, APAL Agriculture, TUV Nord AG, Eurofins Scientific, GE Healthcare and Life sciences, Danaher, Agrolab Group, SAI Global Limited, Cawood Scientific, HRL Holdings Ltd, EnviroLab and SESL Australia.

Global Environment Testing, Inspection, and Certification Market: Overview

The global environment testing, inspection, and certification market is expected to witness a healthy growth attributed to increasing demand for inspecting and testing the quality of product according to the set standards of the government regulations. With the increasing instances of piracy and counterfeit activities, demand for the environment testing, inspection, and certification services continue to increase in the global market. Moreover, increasing number of imports from the developing countries are further expected to impact growth of the global environment, testing, inspection, and certification market positively.

The report provides an in-depth insight on some important aspects of the global environment testing, inspection, and certification market and offers insights on various factors fuelling growth of the global market, important segments, growth patterns and competitive landscape.

Global Environment Testing, Inspection, and Certification Market: Dynamics

Growth of the global environment testing, inspection, and certification market is likely to remain bound to various micro-economic and macro-economic factors. The report further reveals that the global environment testing, inspection, and certification market is mainly driven by the growing need to inspect and test the quality standards of the product. As various products have a comparatively short life, demand for testing and inspecting the products before certifying them is becoming an important aspect in the global market.

Major companies operating are witnessed to outsource their services for environment testing, inspection, and certification. Imposition of various government regulations has further escalated the prices of the in-house testing procedures. Demand for the inspection, testing, and certification services continue to remain comparatively high among the third-party vendors for increasing application in manufacturing and consumer goods. With the increasing number of imports from the developing countries, demand for inspection, testing and certification services will continue to rev up. Products need to be inspected, tested and certified before they are imported from the developing countries. Surge in the number of imports from the developing countries is expected to fuel demand for inspecting, testing and certifying the products.

However, various factors continue to inhibit growth of the global environment testing, inspection, and certification. Surge in the number of product recalls due to the faulty components and parts is likely to inhibit growth of the global market. Moreover, imposition of government regulations against the use of asbestos is expected restraint growth of the global environment testing, inspection, and certification market.

Global Environment Testing, Inspection, and Certification Market: Segmentation

In the next section, the report reveals that the global environment testing, inspection, and certification market is segmented on the basis of product type, end user, sample type and test type. Based on the product type, the global market is segmented as testing, inspection and certification. By end user, the global market is segmented into construction industry, agriculture industry, industrial product manufacturer, government institutes and R&D laboratories and other end users. On the basis of sample type, the global market is segmented as water testing, air testing, soil testing, building materials, waste testing and fuel/oil testing. By test type, the global market is segmented into toxins, chemicals, pathogens, physical properties, metal, organic matter, nutrient/elements/minerals, inorganic, PH tests and other types.

Global Environment Testing, Inspection, and Certification Market: Competition

Key players in the global environment testing, inspecting, and certification market are SGS SA, Intertek Group, Bureau Veritas, Yara International ASA, ALS Ltd, Assure Quality, Exova Group, SCS Global, RJ Hills Laboratories, APAL Agriculture, TUV Nord AG, Eurofins Scientific, GE Healthcare and Life sciences, Danaher, Agrolab Group, SAI Global Limited, Cawood Scientific, HRL Holdings Ltd, EnviroLab and SESL Australia.

Environment Testing Inspection And Certification Market Reports - Table of Contents

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