Market Size of UAE Product Testing Lab Services Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.00 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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UAE Product Testing Lab Services Market Analysis
The professional, scientific, and technical services industry is one of the largest industries in the United Arab Emirates, accounting for 2.6% of the national GDP. The sector constitutes a range of activities, such as legal, accounting, engineering services, analytical testing, architectural, market research, veterinary services, computer system design, etc. An average employee in the sector is required to have a high degree of expertise and training, along with higher educational qualifications, as compared to other industries. The majority of the services are used for supporting other industries. Despite not generating as much revenue as product-based companies, they are still a vital clog for such businesses. The professional, scientific, and technical services market is expected to register a CAGR of 3.81%, during the forecast period. The growth is significantly high, owing to the mature nature of the market.