The 2019 Testing Laboratories Market Research Report is an in-depth evaluation of the industry in the United States.
The report is based on extensive and comprehensive business surveys. This report is utilized for a range of strategic purposes, including benchmarking, due diligence, cost cutting, planning, evaluating opportunities, forecasting, streamlining, and gap analysis. The report includes over 100 insightful data sets, such historical and forecasted industry sales, operating expense details, product line breakdown, financial ratios, benchmarks, wages, profitability, organizational analysis, revenue per employee, state statistics, price inflation, consolidation analysis, firm dynamics, pay ranges for different roles, firm size data, employment, and much more.
This industry includes companies primarily engaged in performing physical, chemical, and other analytical testing services, such as acoustics or vibration testing, assaying, biological testing (except medical and veterinary), calibration testing, electrical and electronic testing, geotechnical testing, mechanical testing, nondestructive testing, or thermal testing. The testing may occur in a laboratory or on-site.
Below are select highlights from the report:
In 2018, industry sales were $16.7 billion
Purchase now for historical and forecasted market size
Over the past 3 years, the industry has grown at an annual rate of 1.5%
Purchase now for historical, annual and forecasted growth rates
There are 5,286 companies in the industry
Learn more about the historical and forecasted industry composition
SALES PER COMPANY
In 2018, the average sales per company was $SALES PER COMPANY
In 2018, the average sales per company was $3.1 million
Purchase now for historical and forecasted sales per company
INFLATION & PRICING
2019 forecasted inflation is 2.8%
Purchase now for historical industry inflation and the 5-year forecast
For unprofitable companies, the average net loss is PROFITABILITY
For unprofitable companies, the average net loss is -8.8%
Purchase now to learn more about profitability dynamics
Employee productivity is $RIGHTSIZING ANALYSIS
Employee productivity is $122,045
Purchase now for historical and forecasted employee productivity
3.6% of expenses is spent on health insurance
Benchmark against 24 other expense categories
In 2018, industry operating expenses grew 1.9%
Purchase now for historical and forecasted OPEX
In 2018, payroll per employee was $51,563
Get the full picture with historicals and the 2019 and 5-year forecasts
PAYROLL BY STATE
California averages $87,641 in payroll per employee
Purchase now for payroll stats on other states
JOB CATEGORIZATION BENCHMARKS
8.6% of employees in the industry are in management positions
Benchmark against 13 other job categories
JOB CATEGORIZATION PAY RANGES
The average industry hourly pay for office and administrative jobs is $20.47
Purchase now for the bottom 10%, 25%, average, top 75% and 90% pay ranges in 14 job categories
The above highlights represent a small fraction of what you will find in this report.
Purchase the 2019 Market Research Report on Testing Laboratories now to unlock the insight from one of the most trusted research firms.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook