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Market Size Matters: you can't plan a strategy, start a business, or make an investment without understanding key facts about the Testing Laboratories industry. Find the information you need to help make the right decisions.

The Report on Testing Laboratories contains key information used by Marketing Departments in many of the Fortune 1,000 companies and beyond. The report helps identify industry changes, trends, key players, and growth opportunities.

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Current State of the Industry . .
Market Size (historical trends) . .
Market Forecast (5-year projection)   .
Products/Services Breakdown   .
Revenue per State . .
Financial Metrics . .
Salary & Compensation Statistics . .
Public Company Information . .
Key Private Companies   .
Government Vendors   .
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2016 Market Research Report on Testing Laboratories Industry

Current Research on the Testing Laboratories Industry

This section provides answers to fundamental and critical questions about the industry:
  1. What is the total market size ($ millions)?
  2. What is the Testing Laboratories industry outlook?
  3. Has the market grown or declined?
  4. What is the market growth rate?
  5. Are long term forecasts positive or negative?
  6. What is the industry size and average company size?
  7. How many companies are in the industry?

Market Size Statistics

The total U.S. market size for the Testing Laboratories industry: statistics cover all companies, both public and private. In addition to total revenue, the industry research provides details on employees, companies, and average firm size in the sector. Use this market information to research and analyze growth rates and the Testing Laboratories industry trends and market outlook based on quantitative research and economic data.

market size 2016
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2010        2011        2012        2013        2014        2015
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: AnythingResearch Analysis of US Census and government market data

Market Forecast - Testing Laboratories[PREMIUM]

Market forecasts show the long term industry outlook & Testing Laboratories future growth trends. The following five-year forecast utilizes advanced econometric techniques that project both short-term and long-term market growth outlook. The industry outlook can be used to set a strategy applicable to economic realities.

market forecast

Forecast / Industry Outlook 2016 2017 2018 2019 2020
Market Forecast ($ millions)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Testing Laboratories industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Testing Services (Physical/Product), Excluding Medical & Veterinary Services

Testing Services - Agricultural

Testing Services - Food

Testing Services - Water, Air, & Asbestos

Testing Services - Waste, Including Solid & Hazardous Waste

Testing Services - Soil, Rock, & Sludge

Testing Services - Pharmaceutical, Med Devices, & Personal Care Prod

Testing Services - Construction Materials Testing & Inspection Services

Testing Services - Machinery & Equipment

Testing Services - Metallic & Non-Metallic Minerals & Products

Testing Services - Other

Calibration Of Instruments & Reference Materials

Product Certification Services

Commercial Inspection Services

Consulting Services For Testing & Related Fields, Including Expert Witness

Engineering Services

All Other Operating Receipts

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower market share than average.

U.S. map of Testing Laboratories by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of an "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis - Testing Laboratories

Financial ratio information can be used to compare how a company in the industry is performing relative to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation Ratios - Testing LaboratoriesIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Testing Laboratories industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Testing Laboratories measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity Ratios - Testing LaboratoriesIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 8%

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Chief Executives0%
General and Operations Managers3%
Architecture and Engineering Occupations 23%
Engineers 14%
Mechanical Engineers 7%
Mechanical Engineers 7%
Drafters, Engineering Technicians, and Mapping Technicians 9%
Engineering Technicians, Except Drafters 9%
Life, Physical, and Social Science Occupations 25%
Physical Scientists 8%
Chemists and Materials Scientists 6%
Chemists 5%
Life, Physical, and Social Science Technicians 16%
Chemical Technicians 8%
Chemical Technicians 8%
Office and Administrative Support Occupations 13%
Production Occupations 14%
Other Production Occupations 11%
Inspectors, Testers, Sorters, Samplers, and Weighers 11%
Inspectors, Testers, Sorters, Samplers, and Weighers 11%
Source: Bureau of Labor Statistics

Companies in Testing Laboratories and Similar Industries[PREMIUM]

Testing Laboratories market research identifies top companies with the largest estimated market share. Information includes corporate earnings and public company ticker symbols where available.

CompanyAddressRevenue Estimate

Public Testing Laboratories Company News

Web scan for recent news about public companies. Testing Laboratories market research on key company news, and Testing Laboratories statistics.

The market size analysis identifies the overall sales data within the industry. Statistics break down facts about companies within the market.

Government Contracts Related to Testing Laboratories

In 2014, the federal government spent a total of $291,987,279 on Testing Laboratories. It has awarded 6,447 contracts to 1,256 companies, with an average value of $232,474 per company.   

Top government vendors:

CompanyFederal ContractsTotal Award Amount

Growth Opportunities / Competitive Threats

Companies in other industries may also sell similar products. Since there is an overlap in the customer base, there may be an opportunity for companies in Testing Laboratories to sell additional products/services offered by these adjacent industries. Alternatively, these industries may identify further products in this industry to target. Products most at risk are those with the highest profit margins and lowest barriers to entry.

The following industries are competing channels for sales of similar products/services.

Engineering Services
Competing IndustrySales Relative to Testing LaboratoriesOpportunity/Threat
Research & Development in the Physical, Engineering & Life Sciences
Engineering Services
Custom Computer Programming & Software Development Services
Architectural Services
Surveying & Mapping Services

Since sales from Testing Laboratories are a small fraction compared to other industries selling Engineering Services, companies in the Testing Laboratories industry have the opportunity to expand their product offering to take share from these adjacent industries.
Engineering Services Product Sales Report

Segments classified within this market research report

This market research report includes companies whose primary business is any of the following:
Radiographing welded joints on pipes and fittings, Metallurgical testing laboratories or services, Product testing laboratories or services, Laboratory testing (except medical, veterinary) services, Pollution testing (except automotive emissions testing) services, Forensic (except medical) laboratories or services, Fire insurance underwriters' laboratories, Assaying services, Radiographic testing laboratories or services, Radon testing laboratories or services, Mechanical testing laboratories or services, X-ray inspection services, Calibration and certification testing laboratories or services, Biological (except medical, veterinary) testing laboratories or services, Testing laboratories (except medical, veterinary), Seed testing laboratories or services, Environmental testing laboratories or services, Film badge testing (i.e., radiation testing) laboratories or services, Radiation testing laboratories or services, Industrial testing laboratories or services, Soil testing laboratories or services, Geotechnical testing laboratories or services, Thermal testing laboratories or services, Acoustics testing laboratories or services, Automobile proving and testing grounds, Hydrostatic testing laboratories or services, Electronic testing laboratories or services, Non-destructive testing laboratories or services, Electrical testing laboratories or services, Food testing laboratories or services, Radiography inspection services, Vibration testing laboratories or services, Radiation dosimetry (i.e., etc.

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