Overview

Controlled environment: The industry is poised for strong and stable growth due to strengthening economic conditions

IBISWorld’s Laboratory Testing Services in Texas Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Strengthening economic activity in Texas will propel growth in corporate profit, encouraging businesses to invest in product development
  • Regulations governing the quality of building materials have become more stringent
  • The necessary nature of industry services will drive demand for laboratory testing

  • shopping_cartBUY NOW TO READ MORE

    Industry Analysis & Industry Trends

    In line with national trends, the Laboratory Testing Services industry in Texas has experienced healthy growth over the five years to 2017. Strengthening research and development activity has driven demand for industry services, as new products must be evaluated for safety, quality and other regulatory standards prior to sale. The industry is poised for strong and stable growth over the five years to 2022. The necessary nature of industry services, along with tightening government regulations regarding public health and safety, will continue to fuel demand for laboratory testing...

    shopping_cartBUY NOW TO READ MORE

    Industry Report - Industry Investment Chapter

    Capital expenditure in the Laboratory Testing Services industry in Texas is low. For every $1.00 spent on labor, an estimated $0.10 is allocated toward capital. The majority of work requires specialized, high-cost equipment to conduct certain types of tests and depreciation expenditure. Nonetheless, the industry is heavily labor-intensive. Industry employees perform a range of activities, from simple manual tasks and automated experimental procedures to high-tech testing. Because the industry requires a highly skilled labor force, wages are high. Labor costs account for 46.6% of industry revenue in 2017 and have risen substantially over the past five years.

    ..

    shopping_cartBUY NOW TO READ MORE

    Additional Insights for the Laboratory Testing Services in Texas Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Laboratory Testing Services in Texas Industry are

  • Access to highly skilled workforce
  • Proximity to key markets
  • Recommendation/accreditation from authoritative source
  • IBISWorld analysts also discuss how external factors such as Research and development expenditure and Corporate profit in the Laboratory Testing Services in Texas industry impact industry performance..

    shopping_cartBUY NOW TO READ MORE

    Look under the hood?

    Download a FREE sample report

    Industry Products

    What is the Laboratory Testing Services in Texas Industry?

    Companies in this industry perform physical, chemical and other analytical testing for commercial purposes. Such testing may occur in a laboratory or an on-site facility (i.e. where the product is manufactured or developed). Most results from industry-led tests are checked against government regulations and environmental, industrial and product standards. This industry excludes medical and veterinary testing labs.

    Industry Products
    Agriculture and food testing
    Environmental testing
    Product performance and safety testing
    Product certification
    Biological and chemical testing
    Other testing
    Geotechnical testing
    Industry Activities
    Acoustics and vibration testing
    Biological testing
    Electrical testing
    Environmental testing
    Providing forensic services
    Geotechnical testing
    Industrial testing
    Mechanical testing
    Product testing
    Radiation testing

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Research and development expenditure
  • Corporate profit
  • Consumer Spending in Texas
  • Value of private nonresidential construction in Texas
  • Total health expenditure in Texas

  • Current Performance
  • Capitalizing on growing demand
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Bright outlook
  • Industry landscape
  • Table: Laboratory Testing Services in Texas Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Laboratory Testing Services in Texas Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting
  • Water Supply & Irrigation Systems
  • Construction
  • Manufacturing
  • Baking Mix & Prepared Food Production
  • Generic Pharmaceutical Manufacturing
  • Engineering Services
  • Environmental Consulting

  • Key Selling Industries
  • Chemical Wholesaling
  • Glass Product Manufacturing
  • Inorganic Chemical Manufacturing
  • Laboratory Supply Wholesaling
  • Organic Chemical Manufacturing

  • Products & Services
  • Product performance and safety testing
  • Product certification
  • Geotechnical testing
  • Environmental testing
  • Agriculture and food testing
  • Biological and chemical testing
  • Other testing
  • Chart: Laboratory Testing Services in Texas Industry Products and Services Segmentation

  • Major Markets
  • Industrial product manufacturers
  • Consumer product manufacturers
  • Health, safety and environmental companies
  • Government
  • Food manufacturers
  • Pharmaceutical companies
  • Chart: Major Market Segmentation for the Laboratory Testing Services in Texas Industry

  • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesDepreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Laboratory Testing Services in Texas

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Laboratory Testing Services in Texas Industry

  • Major Companies
    Bureau Veritas GroupIntertek Group PLCSGS SA Terracon Consultants Inc.Underwriters Laboratories Inc.
  • Table: Bureau Veritas Group - financial performance
  • Table: Intertek Group PLC - financial performance
  • Table: SGS SA - financial performance
  • Table: Terracon Consultants Inc. - financial performance
  • Table: Underwriters Laboratories Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Laboratory Testing Services in Texas Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Laboratory Testing Services in Texas Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Consumer Spending in Texas (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Calibration
  • A test that establishes the relationship between the values of quantities indicated by a measuring instrument and the corresponding values realized.
  • Certification
  • Confirmation that a product has passed a certain test.
  • Geotechnical Engineering
  • A category of engineering that uses the principles of soil and rock mechanics to evaluate subsurface conditions for the safety and risks of earthwork or foundation construction.
  • Outsource
  • To procure goods or services under contract with an outside supplier.
  • Research And Development (R&D)
  • Creative work undertaken by a company in order to increase knowledge, which can then be applied to developing a new product or improving an existing one.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Laboratory Testing Services in Texas:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Laboratory Testing Services in Texas market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Laboratory Testing Services in Texas, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Join IBISWorld today

    Contact Us

    Want to speak to a representative? Call us.

    clear