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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 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
$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 Key Buyers Chapter

The Non-Destructive Testing Services industry exhibits a moderate level of market share concentration, with the top four companies generating an estimated 38.9% of industry revenue in 2015. However, the industry is increasingly consolidating as major companies acquire smaller businesses to expand into new markets, win clients and generate revenue through multiple geographic locations. The largest industry operators also have a significant advantage over smaller players due to investment in new technology that allows non-destructive testing on facilities and equipment that are running, in turnaround periods or in the process of new construction or expansion... 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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