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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 | Nov 2013

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

IBISWorld’s Non-Destructive Testing Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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
$967m
Annual Growth 08-13
5.0%
Annual Growth 13-18
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Profit
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Employment
4,956
Businesses
277
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. More so, 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 - Starting a New Business Chapter

Barriers to entry into the Non-Destructive Testing Services industry are high due to relatively high setup costs and high competition for limited contracts. The costs of setting up a testing facility or field business are extremely high, requiring specific and often expensive testing equipment. The cost of employing highly qualified staff is also high. In 2013, the average income for an industry employee is expected to reach $89,104. A start-up company in this industry will require a significant amount of liquid capital (bearing in mind that, in most cases, neither funding nor any contracts have been secured). As a result, many of the larger companies were set up years ago, before the prohibitive expenses became significant... 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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