High quality: Increased regulation across several downstream markets has driven industry demand

Over the five years to 2019, the Laboratory Testing Services industry in Canada has dealt with volatility in operating conditions. The industry consists of companies that perform tests on consumer products, industrial materials, energy resources and other goods, and it has grown during much of the five-year period. Increased regulation across several of the industry's downstream markets has driven demand for laboratory testing. However, while economic conditions have largely improved since the recession, research and development has declined, translating to less demand for laboratory testing services. Economic growth will have a positive effect on consumers and businesses...read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 14-19
-4.1%
Forecast Growth 19-24
Profit
Employment
17,194
Businesses
1,322

Industry Threats & Opportunities

  • New environmental regulations have increased demand for industry services
  • Large multinational companies have purchased smaller companies
  • The consistent expansion of the economy will positively affect industry demand
  • Industry Report - Industry Products Chapter

    Product performance testing and certificationIBISWorld estimates that product performance testing and certification will generate 47.4% of revenue in the Canadian Laboratory Testing Services industry in 2019. Companies test and certify their products to meet quality, safety and security requirements; social and ethical standards; or to implement good practice and performance criteria. Over the five years to 2019, product performance testing and certification have increased as a result of more stringent government regulation.Energy testingIn 2019, energy testing represents 25.2% of industry services, and encompasses gas analysis and oil sands solutions, addressing issues related to productivity and regulatory compliance. Pet...purchase to read more.

    Additional Insights for the Laboratory Testing Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Laboratory Testing Services 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 World price of crude oil in the Laboratory Testing Services industry impact industry performance..

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    What's in this report

    What is the Laboratory Testing Services Industry?

    Companies in this industry perform physical, chemical and other analytical testing for commercial purposes. Such testing may occur in a laboratory or on-site 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
  • Product performance testing and certification
  • Environmental testing
  • Biological and chemical testing
  • Agriculture and food testing
  • Energy 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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Research and development expenditure
  • World price of crude oil
  • Total trade value
  • Corporate profit
  • Total health expenditure

  • Current Performance
  • Brighter days ahead
  • Regulatory reform
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Research and development drives growth
  • Potential environmental regulation
  • Table: Laboratory Testing Services Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Water Supply & Irrigation Systems in Canada
  • Manufacturing In Canada
  • Baking Mix & Prepared Food Manufacturing in Canada
  • Brand-Name Pharmaceutical Manufacturing in Canada
  • Generic Pharmaceutical Manufacturing in Canada
  • Engineering Services in Canada
  • Environmental Consulting in Canada

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

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

  • Demand Determinants
    Major Markets
  • Construction, engineering and health sectors
  • Energy and manufacturing sectors
  • Other
  • Government
  • Chart: Major Market Segmentation for the Laboratory Testing Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    WagesPurchasesProfitDepreciationMarketingMarketingMarketingOther
  • Chart: Cost Structure Benchmarking – Sector vs Laboratory Testing Services

  • Basis of Competition
    Internal completionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Laboratory Testing Services Industry

  • Industry Globalization
    SGS SA, ALS Limited, Bureau Veritas,
  • Table: SGS SA - financial performance
  • Table: ALS Limited - financial performance
  • Table: Bureau Veritas - financial performance

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

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Laboratory Testing Services Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)
  • Research and development expenditure (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • Research And Development (R&D)
  • Creative work undertaken by a company to increase knowledge that can be applied to developing a new product or improving an existing one.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Laboratory Testing Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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:
    • 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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