Market Share of Certificate Testing Industry
Certificate Testing Market is moderately competitive and consists of several prominent players. In terms of market share, few of these major players currently dominate the market.Moreover, the level of engagement among the vendors will strengthen in the following years to come, due to limited product differentiation and underpricing strategy of the local and the regional vendors. The companies operating in the market are leveraging on strategic collaborative initiatives, to offer specialized products, increase their market share and increase their profitability.
- Feb 2019 -Intertek opened a 70,000 sq.ft. building and construction laboratory in Fridley, Minnesota. Through this, the company aims to offer customers systemic assurance, testing, inspection, and certification (ATIC) solutions which include full-scale, indoor mockup capabilities, air/water/structural testing, impact and pressure cycle testing, field testing, and acoustical field testing among others.
- May 2018 -SGS launched a new approach to certification utilization through which it utilizes data to develop custom business enhancement solutions. This enhancement meets the needs of organizations to overcome a variety of operational and business challenges.
Certificate Testing Market Leaders
Intertek Group plc
Bureau Veritas S.A.
Underwriters Laboratories (UL)
SGS S.A.
Eurofins Scientific SE
*Disclaimer: Major Players sorted in no particular order
