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Non-Destructive Testing Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Non-Destructive Testing Services Market Research Report | Advisory & Financial Services | Other Outsourced Functions | Dec 2014

Use caution: Greater production and construction activity will boost demand for testing

The Non-Destructive Testing Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Mistras Group Inc. Mistras Group Inc. market share
Rockwood Rockwood market share
Team Team market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 09-14
6.8%
Annual Growth 14-19
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Profit
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Employment
19,705
Businesses
855
Industry Analysis & Industry Trends

From manufacturing plants and construction sites to nuclear power plants, oil refineries and shipyards, nondestructive testing (NDT) is used for numerous applications across a wide range of industries. NDT services are used to detect flaws, cracks, variations and minute changes in structures and surface finish without damaging the products being tested. Rapidly changing technology and the increasing complexity of products and processes that need testing have boosted demand for industry services. Moreso, strict government regulation relating to health, safety and the protection of the environment continues to drive industry revenue growth.... purchase to read more

Industry Report - Industry Investment Chapter

Capital expenditure in the Non-Destructive Testing Services industry is relatively high for a service industry, yet low compared to the general economy. The majority of work requires specialized, high-cost equipment to conduct certain types of tests. Furthermore, capital intensity is expected to rise with an expected increase in the mechanization of testing.

Industry employees perform a range of activities, from simple manual tasks and automated experimental procedures to high-tech testing. Because the industry requires a highly skilled labor force wages are high. Labor costs account for about 50.3% of industry revenue in 2014. However, depreciation consumes about 3.8% of revenue, additionally... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Non-Destructive Testing Services Industry?

This industry includes companies that primarily perform nondestructive tests and inspections on industrial assets. It excludes medical tests, as well as nondestructive testing equipment manufacturing.

Industry Products
General NDT servicesQuality assurance and control servicesAPI Inspection servicesCWI servicesOther specific services
 
Industry Activities
Ultrasound testing servicesRadiation testing servicesAcoustic, noise and vibration testing servicesOptical testing servicesThermal testing servicesRegulatory compliance testing services


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