Testing Laboratories Industry

NAICS: 54138

For additional companies see the Architectural & Engineering Services Industry

Testing Laboratories Market Share: Largest Companies in the Testing Laboratories Industry

Company	Headquarters	Revenue ($ MM)
EUROFINS SCIENTIFIC	Des Moines, IA	100
INTERTEK USA	Houston, TX	44
UL	Northbrook, IL	39
PACE ANALYTICAL SERVICES	Minneapolis, MN	33
TECHCORR USA MANAGEMENT	Pasadena, TX	20
FOOD SAFETY NET SERVICES	San Antonio, TX	16
APPLIED TECHNICAL SERVICES	Marietta, GA	11
ALLIANCE SOURCE TESTING	Decatur, AL	10
IRISNDT	Houston, TX	10
MOLECULAR EPIDEMIOLOGY	Lake Forest Park, WA	9
INDUSTRIAL INSPECTION & ANALYSIS	Minnetonka, MN	8
SOUTHEASTERN UNIVERSITIES RESEARCH ASSOCIATION	Washington, DC	7
NTS LABS LLC.	Fairfield, OH	7
STERLING INFOSYSTEMS	New York, NY	7
TECHNICAL SAFETY SERVICES	Berkeley, CA	6
ALPHA ANALYTICAL	Westborough, MA	6
EMSL ANALYTICAL	Cinnaminson, NJ	6
JEFFERSON SCIENCE ASSOCIATES	Newport News, VA	5
CONTAMINATION CONTROL & CERTIFICATION HOLDINGS	Des Moines, IA	5

This is a list of the largest companies active in the Testing Laboratories industry. This differs from market share in the following example: One business with revenues of $100 million generates 10% of its business from the Testing Laboratories industry. A second firm, with revenues of $20 million, generates all of its business from this industry. In our list, we show the businesses having revenues of $100 million and $20 million, respectively. However, the market share would compare the $10 million in industry-specific revenue to the $20 million: the second company has twice the market share even though it is "smaller" in size.

Growth: Fastest Growing Testing Laboratories Companies

A list of competitors in the Testing Laboratories industry that are rapidly expanding. Businesses may grow organically or through acquisition. Typically, small or midsized companies are in "growth" mode and can expand more rapidly. However, large businesses may have the strategy and financial capabilities to scale rapidly. Businesses that employ a "roll-up" strategy make multiple acquisitions of smaller businesses to form a single large corporation that controls a greater market share than its competitors and benefits from economies of scale.

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Small Business Financing

Small businesses that have received financing may expand soon. Financing may be required for capital-intensive investments, such as real estate or equipment purchases. Testing Laboratories businesses may use the financing to cover startup expenses or the costs of hiring new employees. Loans differ from equity investments in the level of risk that is expected: loans frequently have collateral either directly or implicitly through the business or the owners that ensure repayment. Equity investment has the possibility for much greater returns, but offers no guarantee the principle will be repaid. Convertible securities combine the two concepts, but is used by private-equity firms rather than main street startups.

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Venture Funding

These Testing Laboratories companies are actively raising capital from venture capital firms, private equity, or other investors. Businesses with venture funding generally have higher growth prospects, either through bringing new concepts to market, using innovative business practices, or savvy management.

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