Consumer Product Safety Testing Market Report: Trends, Forecast and Competitive Analysis to 2030

Consumer Product Safety Testing Trends and Forecast

The future of the global consumer product safety testing market looks promising with opportunities in the communication, semiconductor, aerospace and defense, consumer electronics, automotive, healthcare, industrial, and food and beverage markets. The global consumer product safety testing market is expected to reach an estimated $47.5 billion by 2030 with a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are greater emphasis on providing high-quality products to enhance client retention among industrial organizations, increase in demand for IoT and connected device interoperability testing, as well as, customer service revolution and the quick uptake of cutting-edge technology.

A more than 150-page report is developed to help in your business decisions.

Consumer Product Safety Testing by Segment

The study includes a forecast for the global consumer product safety testing by sourcing, offering, end use, and region.

Consumer Product Safety Testing Market by Sourcing [Shipment Analysis by Value from 2018 to 2030]:

• In House
• Outsource

Consumer Product Safety Testing Market by Offering [Shipment Analysis by Value from 2018 to 2030]:

• Electrical Safety
• Connectivity
• Electronics Testing
• Energy Efficiency Testing
• Others
• Electromagnetic Compatibility

Consumer Product Safety Testing Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Communications
• Semiconductor
• Aerospace and Defense
• Consumer Electronics
• Automotive
• Healthcare
• Industrial
• Food and Beverages
• Others

Consumer Product Safety Testing Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Consumer Product Safety Testing Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies consumer product safety testing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the consumer product safety testing companies profiled in this report include-

• Bureau Veritas
• DEKRA
• Element Materials Technology
• Intertek Group
• ALS limited
• BSI group
• Eurofins E&E
• AMA Laboratories
• Applied Technical Services
• Qimarox

Consumer Product Safety Testing Market Insights

Lucintel forecasts that in-house is expected to witness the higher growth over the forecast period.

Within this market, consumer electronics will remain the largest segment.

APAC is expected to witness highest growth over the forecast period due to expansion of the automotive and electronics industries in the region's two largest economies, china and india, as well as the expanding electronics industry hubs in south korea, japan, and china.

Features of the Global Consumer Product Safety Testing Market

Market Size Estimates: Consumer product safety testing market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Consumer product safety testing market size by sourcing, offering, end use, and region in terms of value ($B).

Regional Analysis: Consumer product safety testing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different sourcing, offering, end use, and regions for the consumer product safety testing market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the consumer product safety testing market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the consumer product safety testing market size?

Answer: The global consumer product safety testing market is expected to reach an estimated $47.5 billion by 2030.

Q2. What is the growth forecast for consumer product safety testing market?

Answer: The global consumer product safety testing market is expected to grow with a CAGR of 5.1% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the consumer product safety testing market?

Answer: The major drivers for this market are greater emphasis on providing high-quality products to enhance client retention among industrial organizations, increase in demand for IoT and connected device interoperability testing, as well as, customer service revolution and the quick uptake of cutting-edge technology.

Q4. What are the major segments for consumer product safety testing market?

Answer: The future of the global consumer product safety testing market looks promising with opportunities in the communication, semiconductor, aerospace and defense, consumer electronics, automotive, healthcare, industrial, and food and beverage markets.

Q5. Who are the key consumer product safety testing market companies?

Answer: Some of the key consumer product safety testing companies are as follows:

• Bureau Veritas
• DEKRA
• Element Materials Technology
• Intertek Group
• ALS limited
• BSI group
• Eurofins E&E
• AMA Laboratories
• Applied Technical Services
• Qimarox

Q6. Which consumer product safety testing market segment will be the largest in future?

Answer: Lucintel forecasts that in-house is expected to witness the higher growth over the forecast period.

Q7. In consumer product safety testing market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to expansion of the automotive and electronics industries in the region's two largest economies, china and india, as well as the expanding electronics industry hubs in south korea, japan, and china.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the consumer product safety testing market by sourcing (in house and outsource), offering (electrical safety, connectivity, electronics testing, energy efficiency testing, others, and electromagnetic compatibility), end use (communications, semiconductor, aerospace and defense, consumer electronics, automotive, healthcare, industrial, food and beverages, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?