The global fire testing market is expected to grow from USD 5.79 billion in 2018 to USD 9.47 billion by 2026, at a CAGR of 6.01% during the forecast period 2019-2026. The major driving factors for the fire testing market are the adoption of safety systems in industries and growing automation in buildings across the globe. Implementation of building safety codes against fire protection is assessed to positively influence market growth during the forecast period.
Market Overview:
Fire testing refers to determining whether fire protection products meet minimum performance criteria as set out in a building code or other applicable legislation. From construction products and cables to textiles and furniture, testing for fire resistance, flammability, and flame spread often requires fire testing certification before these products can be accepted for installation.
Increasing demand for fire testing among the industrial manufacturers is driving the growth of the market
Fire-safe testing has emerged as a key topic among valve manufacturers and end-users. This is mostly due to the ever-increasing focus on safety and the environment. Also, more stringent regulations in terms of safety and the environment are having repercussions on the demand for a fire testing system.
Report Description:
Market Dynamics:
Drivers:
Restrains:
Opportunities:
Challenges:
Global Fire testing Market Key Findings:
All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment.
Segmentation Analysis:
The global fire testing market has been segmented on the basis of type, sourcing type, and application.
Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. The Asia Pacific held the largest market share in the global fire safety market in the year 2018. The growth is mainly driven by rapid industrialization and urbanization in developing countries including China and India. The widespread industrialization in these countries has attracted enormous investments in the transport, infrastructure, and energy sectors. This has generated numerous opportunities for market growth. In addition to this, Europe region holds a significant market share in the global fire testing market. Stringent government regulations regarding fire safety and testing across Europe is expected to drive the market growth in this region. In most European countries the national government sets the fire regulations. In Germany, it is the responsibility of the federal states. They rely heavily on Musterbauordnung – a national model building code. Therefore, strict government regulation regarding safety in both the commercial and residential sector is driving the growth of the fire safety market in Europe. Countries like Germany, Belgium and the UK are likely to have high potential demand for fire safety in the upcoming years.
Global Fire testing Market Competitive Analysis:
Key players in the global Fire testing market are Intertek, TUV SUD, SGS Group, Bureau Veritas SA, UL LLC, DEKRA SE, QIMA, Applus+, United Technologies, Element Materials Technology, and International Fire Consultants Group among others. The companies are mainly focusing on the product innovation, merger and acquisition, and geographical expansion to gain the major share in the market.
In September 2017, SGS announced the acquisition of U.S. based Govmark Fire Laboratories, to further extend its furniture flammability testing capabilities in the U.S., which already includes two facilities in China and one each in India and the UK.
In April 2019, Bureau Veritas, announced the global technical and business collaboration for the development of laboratory testing services based on artificial intelligence (AI).
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This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2026. Fior Markets has segmented the global Fire testing market on the basis of below mentioned segments:
Global Fire testing Market by Product:
Global Fire testing Market by Source type:
Global Fire testing Market by Application
Global Fire testing Market by Region:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product
4.3.2. Market Attractiveness Analysis By Source type
4.3.3. Market Attractiveness Analysis By Application
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing Adoption of Safety Systems in Industries
5.2.2. Growing Automation in Buildings
5.3. Restrains
5.3.1. International Regulations for Fire Testing Services
5.4. Opportunities
5.4.1. Increasing Adoption of Smart City Concept
5.4.2. Increasing investment in the research and development activities
5.5. Challenges
5.5.1. Lack of Awareness on Fire Safety in Developing Countries
6. Global Fire Testing Market Analysis and Forecast, By Product
6.1. Segment Overview
6.2. Testing
6.3. Inspection
6.4. Certification
7. Global Fire Testing Market Analysis and Forecast, By Source type
7.1. Segment Overview
7.2. In-House
7.3. Outsourced
8. Global Fire Testing Market Analysis and Forecast, By Application
8.1. Segment Overview
8.2. Consumer Goods & Retail
8.3. Chemicals
8.4. Construction & Infrastructure
8.5. Mining
8.6. Others
9. Global Fire Testing Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Fire Testing Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Fire Testing Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Intertek
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Component Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. TUV SUD
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Component Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. SGS Group
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Component Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Bureau Veritas SA
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Component Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. UL LLC
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Component Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. DEKRA SE
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Component Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. QIMA
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Component Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Applus+
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Component Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. United Technologies
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Component Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Element Materials Technology
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Component Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. International Fire Consultants Group
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Component Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
List of Table
List of Figures
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