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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

IBISWorld’s Non-Destructive Testing Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 - 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 as industry operators must employ highly educated and extensively trained individuals to provide testing services. 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
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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