Global Consumer Product Safety Testing Market Report 2022: With ABS, Element Materials, Eurofins, Intertek Group, etc.

Global Consumer Product Safety Testing Market

Dublin, 02 Dec. 2022 (GLOBE NEWSWIRE) — The report “Consumer Product Safety Testing Market By Offer, By Sourcing, By Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2031” has been added to from ResearchAndMarkets.com offer.

Global Consumer Product Safety Testing Market was valued at USD 33,052.7 Million in 2021 and is projected to reach USD 60,503.1 Million by 2031, registering a CAGR of 6.32% from 2022 to 2031 Consumer Product Safety Testing is a service designed to offer inspections, audits, verification, testing and certification of consumer products.

Key factors driving the consumer product safety testing market growth include increasing focus of manufacturing companies to improve customer loyalty by offering quality products and increasing demand for testing interoperability for connected devices and the IoT.

The major factors hindering the growth of the market are the high cost of product safety testing services, owing to the diversity of standards and regulations in different regions. The opportunity lies in the digital transformation of customer services and the rapid adoption of disruptive technologies.

MAIN BENEFITS FOR STAKEHOLDERS

• This report provides a quantitative analysis of market segments, current trends, estimates and dynamics of the Consumer Product Security Testing Market analysis from 2021 to 2031 to identify prominent opportunities in the Security Testing Market consumer products.

• Market research is offered with information related to key drivers, restraints, and opportunities.

• Porter’s Five Forces analysis highlights the ability of buyers and suppliers to enable stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.

• In-depth analysis of consumer product safety testing market segmentation helps to determine the existing market opportunities.

• Major countries in each region are mapped according to their revenue contribution in the global market.

• The positioning of market players facilitates benchmarking and provides a clear understanding of the current position of market players.

• The report includes analysis of regional and global consumer product safety testing market trends, key players, market segments, application areas and market growth strategies.

The story continues

Key market segments
By offering

By supply

By industry vertical

• Communication

• Semiconductor

• Aeronautics and Defense

• Consumer electronics

• Automotive

• Health care

• Industrial

• Food and drinks

• Others

By region

• North America

• WE

• Canada

• Mexico

• Europe

• UK

• Germany

• France

• Italy

• Spain

• Russia

• Poland

• The rest of Europe

• Asia Pacific

• China

• Japan

• India

• South Korea

• Philippines

• Australia

• Indonesia

• Rest of Asia-Pacific

• LAMEA

• Latin America

• Middle East

• Africa

Main market players

• abs

• Bureau Veritas SA

• DEKRA

• DNV

• Element Material Technology

• PLC of the Intertek group

• ISO

• TÜV

• Limited ALS

• BSI Group

• Eurofins E&E

• NTS

• HQTS Group Ltd.

• AMA Laboratories

• Applied Technical Services, LLC

• NSL Analytical Services, Inc.

• Qimarox

Main results of the study

• In 2021, the internal segment accounted for the maximum revenue and is expected to grow at a notable CAGR of 5.44% over the forecast period.

• The consumer electronics and food and beverage segments together accounted for approximately 37.0% of consumer product safety testing market trends in 2021.

• The food and beverage segment is expected to grow at a CAGR of 5.57% during the forecast period.

• North America contributed for the majority of the consumer product safety testing market, accounting for over 33.0% share in 2021.

Main topics covered:

CHAPTER 1 INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW

CHAPTER 4: CONSUMER PRODUCT SAFETY TESTING MARKET, BY OFFER

CHAPTER 5: CONSUMER PRODUCT SAFETY TESTING MARKET, BY SOURCING

CHAPTER 6: CONSUMER PRODUCT SAFETY TESTING MARKET, BY INDUSTRY VERTICAL

CHAPTER 7: CONSUMER PRODUCT SAFETY TESTING MARKET, BY REGION

CHAPTER 8: CORPORATE LANDSCAPE

CHAPTER 9: COMPANY PROFILES

For more information about this report visit https://www.researchandmarkets.com/r/70cas6

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