Industry Statistics and Rankings
How does this industry perform in Iceland compared to Europe?
Country Benchmarking
Industry Data Iceland
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#35 In EuropeBusiness
#35 In EuropeEmployees
#35 In EuropeWages
#33 In EuropeThe Technical Testing & Analysis in Iceland ranks 35 in Europe with regards to its 2024 revenue (€24.2m). Revenue received by operators in Iceland has been low in volatility over the past five-year period, with the average annual change in revenue (3.5 %) most comparable to...
Enterprises
Number of businesses in 2024
Revenue per Enterprise
Value (€ Million) in 2024
Top Questions Answered in this Report
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What is the market size of the Technical Testing & Analysis industry in Iceland in 2024?
The market size of the Technical Testing & Analysis industry in Iceland is €24.2m in 2024.
How many businesses are there in the Technical Testing & Analysis in Iceland industry in 2024?
There are 39 businesses in the Technical Testing & Analysis industry in Iceland, which has grown at a CAGR of 9.3 % between 2019 and 2024.
Has the Technical Testing & Analysis industry in Iceland grown or declined over the past 5 years?
The market size of the Technical Testing & Analysis industry in Iceland has been declining at a CAGR of 3.5 % between 2019 and 2024.
What is the forecast growth of the Technical Testing & Analysis industry in Iceland over the next 5 years?
Over the next five years, the Technical Testing & Analysis industry in Iceland is expected to grow.
What are the biggest companies in the Technical Testing & Analysis market in Iceland?
The biggest company operating in the Technical Testing & Analysis market in Iceland is Bureau Veritas SA
What does the Technical Testing & Analysis in Iceland include?
Product testing and analysis and Materials and equipment testing and analysis are part of the Technical Testing & Analysis industry.
Which companies have the highest market share in the Technical Testing & Analysis in Iceland?
The company holding the most market share in Iceland is Bureau Veritas SA.
How competitive is the Technical Testing & Analysis industry in Iceland?
The level of competition is moderate and steady in the Technical Testing & Analysis industry in Iceland.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
Complementors
- Market Research & Public Opinion Polling in Iceland
- Architectural Activities & Engineering Services in Iceland
- Veterinary Services in Iceland
Table of Contents
About this industry
Industry definition
This industry includes organisations that conduct physical, chemical and other analytical tests on materials and products. This includes the certification of consumer goods, motor vehicles, equipment, pressurised containers, food hygiene and nuclear plants by using models or mock-ups.
What's included in this industry?
Product testing and analysisMaterials and equipment testing and analysisTesting and analysis of processes and systemsAgriculture and food testing and analysisIndustry Code
712 - Technical testing and analysis in Iceland
Performance
Revenue Highlights
Trends
- Revenue
- Current Year Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Current Performance
Charts
- Revenue in the Technical Testing & Analysis in Iceland
- Employees in the Technical Testing & Analysis in Iceland
- Business in the Technical Testing & Analysis in Iceland
- Profit in the Technical Testing & Analysis in Iceland
Current Performance
Analysis
How does this country's performance compare to Europe?
Life Cycle
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
International Trade
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
ANALYSIS
What is the competitive landscape in Europe?
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
The regulatory environment has become more stringent, contributing to revenue growth. New regulations have been introduced in the domain of emerging digital, data-driven and automated technologies alongside environmental targets to tackle climate change.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Technical Testing & Analysis in Iceland industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Economic woes have strangled business spending on testing services. Economic challenges, including the COVID-19 pandemic and subsequent inflationary environment, have raised operating costs while subduing business investment and weakening output in the key downstream manufacturing and construction sectors.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Technical Testing & Analysis in Iceland industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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