Fire Testing Market

Market Leader - Fire Testing Market

The global fire testing market is expected to grow from USD 6.3 billion in 2019 to USD 8.6 billion by 2024, at a CAGR of 6.4% during the forecast period. The fire testing market is growing owing to the increasing demand for TIC services from applications such as automotive, construction and infrastructure, consumer goods, agriculture and food, transportation, and medical and life sciences.

In 2018, the fire testing market was mainly dominated by SGS Group (Switzerland), Bureau Veritas SA  (France), UL LLC (US), Intertek (UK),  DEKRA SE (Germany), TUV SUD (Germany), TUV Rheinland (Germany), STC Group (China), QIMA (Hong Kong), Applus+ (Spain), United Technologies (US), Element Materials Technology (UK), and International Fire Consultants Group (UK).These players have adopted various growth strategies, such as product/service launches & developments, acquisitions, partnerships, expansions, and agreements, to further expand their presence in the global fire testing market. Acquisitions and new service launches and developments have been the most dominating strategies adopted by major players from January 2017 to January 2019, which helped them to innovate on their service offerings and broaden their customer base.

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SGS Group (Switzerland) is the dominant player regarding fire testing services in Europe and globally. SGS Group offers inspection, verification, testing, and certification services complying with the national and international regulations and standards, and inspection services to control quality, quantity, and meet relevant regulatory requirements in various regional markets. The company provides flammability tests for consumer goods and retail products such as clothing, toys, and plastering items and building materials against various fire properties such as flame spread, self-ignition, burn rate, smoke density, combustibility, heat release rate, and flashover. In June 2019, SGS announced the acquisition of DMW Environmental Safety Ltd (DMW), based in Wolverhampton, UK, which will support the growth strategy of environment, health & safety services including fire safety audits, and strengthen existing network in the central and southern parts of the UK.

Bureau Veirtas SA (France) is the dominant player regarding fire testing services globally. Bureau Veritas provides fire testing and inspection services of fire alarms, fire sprinklers, and fire pumps as well as offers flammability testing that measures the flame spread and burn rate. Bureau Veritas also inspects and maintains Fire Extinguishers, Exit Lights, Emergency Lights, Fire Pumps, and Backflow Preventer. The company also offers fire testing services for all types of facilities, including—government, multi-family residential, office buildings, industrial facilities, manufacturing facilities, health care facilities, schools, colleges, universities, retail shopping malls, and military facilities. The company seeks to increase its global presence by developing a solid network in key high-growth economies, such as China, Brazil, Chile, Colombia, and India. For instance, developing voluntary services in the Chinese market for fire safety inspections in shopping malls in Brazil, factory inspections in India, and South-East Asia for the subcontractors of large international retailers.

Related Reports:

Fire Testing Market by Service Type (Testing, Inspection, and Certification), Sourcing Type (In-house and Outsourced), Application (Consumer Goods & Retail, Chemicals, Construction & Infrastructure, Mining) Region - Global Forecast till 2024

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Fire Testing Market Size,  Share & Growth Report
Report Code
SE 7470
RI Published ON
12/6/2019
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