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Testing Laboratories (NAICS 54138) Industry Market Research Report

Testing Laboratories - Market Size and Forecast

The Testing Laboratories report contains both historical and forecasted statistics. Total market size figures from 2015 to 2025 reveal industry growth patterns and trends. Market size measurements include both public and private companies in the industry.

HistoricalForecasted
20152016201720182019202020212022202320242025
Market Size (Total Revenue)

Included in Report

% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Testing Laboratories Industry Revenue
  • 2015
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021


Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Testing Laboratories - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Testing Laboratories companies in the United States.

Testing Laboratories Revenue by State

US Market Size by State

Distribution by Company Size

Company SizeAll IndustriesTesting Laboratories
Small Business (< 5 Employees)

Included

Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Testing Laboratories - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue

Included

Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit


Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits

Rent

Advertising

Depreciation and Amortization

Officer Compensation

Net Income


Testing Laboratories - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios

Included

Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Testing Laboratories - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)
Industry total

Included

Testing services (physical/product), excluding medical & veterinary services
Testing services - other
Testing services - water, air, & asbestos
Testing services - construction materials testing & inspection services
Product certification services
Testing services - machinery & equipment
Testing services - metallic & non-metallic minerals & products
Testing services - pharmaceutical, med devices, & personal care prod
Testing services - soil, rock, & sludge

Testing Laboratories - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations8%

Included

Chief Executives0%
General and Operations Managers3%
Business and Financial Operations Occupations5%
Architecture and Engineering Occupations21%
Engineers13%
Mechanical Engineers6%
Mechanical Engineers6%
Drafters, Engineering Technicians, and Mapping Technicians7%
Engineering Technicians, Except Drafters7%
Life, Physical, and Social Science Occupations24%
Physical Scientists7%
Chemists and Materials Scientists5%
Life, Physical, and Social Science Technicians15%
Chemical Technicians7%
Chemical Technicians7%
Office and Administrative Support Occupations12%
Production Occupations15%
Other Production Occupations13%
Inspectors, Testers, Sorters, Samplers, and Weighers12%
Inspectors, Testers, Sorters, Samplers, and Weighers12%

Government Contracts

In 2008, the federal government spent a total of $370,935,792 on the testing laboratories industry. It has awarded 6,779 contracts to 1,308 companies, with an average value of $283,590 per company.

Testing Laboratories and Adjacent Industries - Top Companies

CompanyAddressRevenue
($ Millions)

Included





Testing Laboratories Industry Report
GeographyUnited States  
Publication DateSeptember 2020
Report FormatPDF Download  
Price$499.00

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Testing Laboratories