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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 | Jun 2015

Use caution: Technological innovation will make NDT services more cost effective

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
$3bn
Annual Growth 10-15
6.8%
Annual Growth 15-20
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Profit
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Employment
27,810
Businesses
1,876
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. Over the past five years, demand for non-destructive testing (NDT) services has expanded quickly. As the US economy recovered from the depths of the recession, corporate profit margins expanded and fueled capital expenditure. In the coming years, Continuing technological innovation will make NDT services more cost effective and efficient for end users, thus boosting demand for industry services.... purchase to read more

Industry Report - Industry Investment Chapter

The industry exhibits low capital intensity, measured by spending on capital versus labor. Capital expenditure in the Non-Destructive Testing Services industry is relatively high, including the cost of specialized equipment to conduct certain types of tests. Furthermore, capital spending is expected to rise with increased mechanization of testing. However, labor expenditure is much higher and eclipses capital costs. Industry employees perform a range of activities, from simple manual tasks and automated experimental procedures to high-tech testing. As a result, the industry spends an estimated $0.08 on capital for every $1.00 spent on labor. The industry is expected to remain labor intensive through 2020, keeping capital intensity low... 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
Traditional NDT servicesAdvanced NDT services
 
Industry Activities
Ultrasound testing servicesRadiation testing servicesAcoustic, noise and vibration testing servicesOptical testing servicesThermal testing servicesRegulatory compliance testing services


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