LAMEA Consumer Product Safety Testing Market Size, Share & Trends Analysis Report By Sourcing (In House and Outsource), By Offering, By Industry Vertical, By Country and Growth Forecast, 2024

List of Tables

The Latin America, Middle East and Africa Consumer Product Safety Testing Market would witness market growth of 8.6% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA Consumer Product Safety Testing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,099.7 million by 2031. The Argentina market is registering a CAGR of 9.4% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 8.2% during (2024 - 2031).

Consumer demand for safe products is another significant factor driving adoption. As consumer awareness of product safety issues grows, there is an increasing expectation for products to perform well and be safe to use. High-profile product recall incidents due to safety concerns have heightened consumer sensitivity to product safety. This shift has prompted manufacturers to prioritize safety testing to build consumer trust and safeguard their brand reputations.

Investing in consumer product safety testing is a proactive risk mitigation strategy for manufacturers. By identifying and addressing potential safety hazards early in product development, companies can reduce the risk of costly product recalls, litigation, and damage to brand reputation. Rigorous testing helps to identify and mitigate risks related to electrical hazards, chemical contamination, mechanical failures, and other safety concerns before products reach consumers, thereby safeguarding both consumers and the company's financial health.

As industrial production grows in Brazil, there is a corresponding increase in the production and diversity of consumer products across various sectors, including electronics, automotive components, chemicals, and manufacturing equipment. Consumer product safety testing becomes essential to ensure these products' safety, quality, and compliance with Brazilian regulatory standards and international requirements. According to the Agencia IBGE Noticias, Brazilian industrial production grew 0.9% from February to March 2024. The gain in pace follows the 0.1% change seen in the previous month. In the year, it accumulated an increase of 1.9% and, in 12 months, a positive change of 0.7%. With these results, the industry is 0.4% above the pre-pandemic level (February 2020). In conclusion, rising industrial production and increasing healthcare sector budget in the region are propelling the growth of the market.

Based on Sourcing, the market is segmented into In House and Outsource. Based on Offering, the market is segmented into Electronics Testing, Electrical Safety, Connectivity, Energy Efficiency Testing, Electromagnetic Compatibility, and Others. Based on Industry Vertical, the market is segmented into Consumer Electronics, Communications, Semiconductor, Healthcare, Aerospace & Defense, Automotive, Industrial, Food & Beverages, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

List of Key Companies Profiled

Bureau Veritas S.A.
DEKRA SE
DNV AS
Intertek Group PLC
ALS Limited
Eurofins Scientific SE
ABS Group
Element Materials Technology (Temasek Holdings)
Applied Technical Services, LLC
NSL Analytical Services, Inc.

LAMEA Consumer Product Safety Testing Market Report Segmentation

By Sourcing

In House
Outsource

By Offering

Electronics Testing
Electrical Safety
Connectivity
Energy Efficiency Testing
Electromagnetic Compatibility
Others

By Industry Vertical

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

By Country

Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 LAMEA Consumer Product Safety Testing Market, by Sourcing
- 1.4.2 LAMEA Consumer Product Safety Testing Market, by Offering
- 1.4.3 LAMEA Consumer Product Safety Testing Market, by Industry Vertical
- 1.4.4 LAMEA Consumer Product Safety Testing Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
3.3 Porter Five Forces Analysis

Chapter 4. Strategies Deployed in Consumer Product Safety Testing Market

Chapter 5. LAMEA Consumer Product Safety Testing Market by Sourcing

5.1 LAMEA In House Market by Country
5.2 LAMEA Outsource Market by Country

Chapter 6. LAMEA Consumer Product Safety Testing Market by Offering

6.1 LAMEA Electronics Testing Market by Country
6.2 LAMEA Electrical Safety Market by Country
6.3 LAMEA Connectivity Market by Country
6.4 LAMEA Energy Efficiency Testing Market by Country
6.5 LAMEA Electromagnetic Compatibility Market by Country
6.6 LAMEA Others Market by Country

Chapter 7. LAMEA Consumer Product Safety Testing Market by Industry Vertical

7.1 LAMEA Consumer Electronics Market by Country
7.2 LAMEA Communications Market by Country
7.3 LAMEA Semiconductor Market by Country
7.4 LAMEA Healthcare Market by Country
7.5 LAMEA Aerospace & Defense Market by Country
7.6 LAMEA Automotive Market by Country
7.7 LAMEA Industrial Market by Country
7.8 LAMEA Food & Beverages Market by Country
7.9 LAMEA Others Market by Country

Chapter 8. LAMEA Consumer Product Safety Testing Market by Country

8.1 Brazil Consumer Product Safety Testing Market
- 8.1.1 Brazil Consumer Product Safety Testing Market by Sourcing
- 8.1.2 Brazil Consumer Product Safety Testing Market by Offering
- 8.1.3 Brazil Consumer Product Safety Testing Market by Industry Vertical
8.2 Argentina Consumer Product Safety Testing Market
- 8.2.1 Argentina Consumer Product Safety Testing Market by Sourcing
- 8.2.2 Argentina Consumer Product Safety Testing Market by Offering
- 8.2.3 Argentina Consumer Product Safety Testing Market by Industry Vertical
8.3 UAE Consumer Product Safety Testing Market
- 8.3.1 UAE Consumer Product Safety Testing Market by Sourcing
- 8.3.2 UAE Consumer Product Safety Testing Market by Offering
- 8.3.3 UAE Consumer Product Safety Testing Market by Industry Vertical
8.4 Saudi Arabia Consumer Product Safety Testing Market
- 8.4.1 Saudi Arabia Consumer Product Safety Testing Market by Sourcing
- 8.4.2 Saudi Arabia Consumer Product Safety Testing Market by Offering
- 8.4.3 Saudi Arabia Consumer Product Safety Testing Market by Industry Vertical
8.5 South Africa Consumer Product Safety Testing Market
- 8.5.1 South Africa Consumer Product Safety Testing Market by Sourcing
- 8.5.2 South Africa Consumer Product Safety Testing Market by Offering
- 8.5.3 South Africa Consumer Product Safety Testing Market by Industry Vertical
8.6 Nigeria Consumer Product Safety Testing Market
- 8.6.1 Nigeria Consumer Product Safety Testing Market by Sourcing
- 8.6.2 Nigeria Consumer Product Safety Testing Market by Offering
- 8.6.3 Nigeria Consumer Product Safety Testing Market by Industry Vertical
8.7 Rest of LAMEA Consumer Product Safety Testing Market
- 8.7.1 Rest of LAMEA Consumer Product Safety Testing Market by Sourcing
- 8.7.2 Rest of LAMEA Consumer Product Safety Testing Market by Offering
- 8.7.3 Rest of LAMEA Consumer Product Safety Testing Market by Industry Vertical

Chapter 9. Company Profiles

9.1 Bureau Veritas S.A.
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expenses
- 9.1.5 Recent strategies and developments:
  - 9.1.5.1 Partnerships, Collaborations, and Agreements:
  - 9.1.5.2 Product Launches and Product Expansions:
  - 9.1.5.3 Acquisition and Mergers:
- 9.1.6 SWOT Analysis
9.2 DEKRA SE
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Recent strategies and developments:
  - 9.2.4.1 Product Launches and Product Expansions:
  - 9.2.4.2 Acquisition and Mergers:
- 9.2.5 SWOT Analysis
9.3 DNV AS
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 SWOT Analysis
9.4 Intertek Group PLC
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 SWOT Analysis
9.5 ALS Limited
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 SWOT Analysis
9.6 Eurofins Scientific SE
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Regional Analysis
- 9.6.4 SWOT Analysis
9.7 ABS Group
- 9.7.1 Company Overview
- 9.7.2 SWOT Analysis
9.8 Element Materials Technology (Temasek Holdings)
- 9.8.1 Company Overview
- 9.8.2 SWOT Analysis
9.9 Applied Technical Services, LLC
- 9.9.1 Company Overview
- 9.9.2 SWOT Analysis
9.10. NSL Analytical Services, Inc.
- 9.10.1 Company Overview
- 9.10.2 SWOT Analysis

LIST OF TABLES

TABLE 1 LAMEA Consumer Product Safety Testing Market, 2020 - 2023, USD Million
TABLE 2 LAMEA Consumer Product Safety Testing Market, 2024 - 2031, USD Million
TABLE 3 LAMEA Consumer Product Safety Testing Market by Sourcing, 2020 - 2023, USD Million
TABLE 4 LAMEA Consumer Product Safety Testing Market by Sourcing, 2024 - 2031, USD Million
TABLE 5 LAMEA In House Market by Country, 2020 - 2023, USD Million
TABLE 6 LAMEA In House Market by Country, 2024 - 2031, USD Million
TABLE 7 LAMEA Outsource Market by Country, 2020 - 2023, USD Million
TABLE 8 LAMEA Outsource Market by Country, 2024 - 2031, USD Million
TABLE 9 LAMEA Consumer Product Safety Testing Market by Offering, 2020 - 2023, USD Million
TABLE 10 LAMEA Consumer Product Safety Testing Market by Offering, 2024 - 2031, USD Million
TABLE 11 LAMEA Electronics Testing Market by Country, 2020 - 2023, USD Million
TABLE 12 LAMEA Electronics Testing Market by Country, 2024 - 2031, USD Million
TABLE 13 LAMEA Electrical Safety Market by Country, 2020 - 2023, USD Million
TABLE 14 LAMEA Electrical Safety Market by Country, 2024 - 2031, USD Million
TABLE 15 LAMEA Connectivity Market by Country, 2020 - 2023, USD Million
TABLE 16 LAMEA Connectivity Market by Country, 2024 - 2031, USD Million
TABLE 17 LAMEA Energy Efficiency Testing Market by Country, 2020 - 2023, USD Million
TABLE 18 LAMEA Energy Efficiency Testing Market by Country, 2024 - 2031, USD Million
TABLE 19 LAMEA Electromagnetic Compatibility Market by Country, 2020 - 2023, USD Million
TABLE 20 LAMEA Electromagnetic Compatibility Market by Country, 2024 - 2031, USD Million
TABLE 21 LAMEA Others Market by Country, 2020 - 2023, USD Million
TABLE 22 LAMEA Others Market by Country, 2024 - 2031, USD Million
TABLE 23 LAMEA Consumer Product Safety Testing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 24 LAMEA Consumer Product Safety Testing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 25 LAMEA Consumer Electronics Market by Country, 2020 - 2023, USD Million
TABLE 26 LAMEA Consumer Electronics Market by Country, 2024 - 2031, USD Million
TABLE 27 LAMEA Communications Market by Country, 2020 - 2023, USD Million
TABLE 28 LAMEA Communications Market by Country, 2024 - 2031, USD Million
TABLE 29 LAMEA Semiconductor Market by Country, 2020 - 2023, USD Million
TABLE 30 LAMEA Semiconductor Market by Country, 2024 - 2031, USD Million
TABLE 31 LAMEA Healthcare Market by Country, 2020 - 2023, USD Million
TABLE 32 LAMEA Healthcare Market by Country, 2024 - 2031, USD Million
TABLE 33 LAMEA Aerospace & Defense Market by Country, 2020 - 2023, USD Million
TABLE 34 LAMEA Aerospace & Defense Market by Country, 2024 - 2031, USD Million
TABLE 35 LAMEA Automotive Market by Country, 2020 - 2023, USD Million
TABLE 36 LAMEA Automotive Market by Country, 2024 - 2031, USD Million
TABLE 37 LAMEA Industrial Market by Country, 2020 - 2023, USD Million
TABLE 38 LAMEA Industrial Market by Country, 2024 - 2031, USD Million
TABLE 39 LAMEA Food & Beverages Market by Country, 2020 - 2023, USD Million
TABLE 40 LAMEA Food & Beverages Market by Country, 2024 - 2031, USD Million
TABLE 41 LAMEA Others Market by Country, 2020 - 2023, USD Million
TABLE 42 LAMEA Others Market by Country, 2024 - 2031, USD Million
TABLE 43 LAMEA Consumer Product Safety Testing Market by Country, 2020 - 2023, USD Million
TABLE 44 LAMEA Consumer Product Safety Testing Market by Country, 2024 - 2031, USD Million
TABLE 45 Brazil Consumer Product Safety Testing Market, 2020 - 2023, USD Million
TABLE 46 Brazil Consumer Product Safety Testing Market, 2024 - 2031, USD Million
TABLE 47 Brazil Consumer Product Safety Testing Market by Sourcing, 2020 - 2023, USD Million
TABLE 48 Brazil Consumer Product Safety Testing Market by Sourcing, 2024 - 2031, USD Million
TABLE 49 Brazil Consumer Product Safety Testing Market by Offering, 2020 - 2023, USD Million
TABLE 50 Brazil Consumer Product Safety Testing Market by Offering, 2024 - 2031, USD Million
TABLE 51 Brazil Consumer Product Safety Testing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 52 Brazil Consumer Product Safety Testing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 53 Argentina Consumer Product Safety Testing Market, 2020 - 2023, USD Million
TABLE 54 Argentina Consumer Product Safety Testing Market, 2024 - 2031, USD Million
TABLE 55 Argentina Consumer Product Safety Testing Market by Sourcing, 2020 - 2023, USD Million
TABLE 56 Argentina Consumer Product Safety Testing Market by Sourcing, 2024 - 2031, USD Million
TABLE 57 Argentina Consumer Product Safety Testing Market by Offering, 2020 - 2023, USD Million
TABLE 58 Argentina Consumer Product Safety Testing Market by Offering, 2024 - 2031, USD Million
TABLE 59 Argentina Consumer Product Safety Testing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 60 Argentina Consumer Product Safety Testing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 61 UAE Consumer Product Safety Testing Market, 2020 - 2023, USD Million
TABLE 62 UAE Consumer Product Safety Testing Market, 2024 - 2031, USD Million
TABLE 63 UAE Consumer Product Safety Testing Market by Sourcing, 2020 - 2023, USD Million
TABLE 64 UAE Consumer Product Safety Testing Market by Sourcing, 2024 - 2031, USD Million
TABLE 65 UAE Consumer Product Safety Testing Market by Offering, 2020 - 2023, USD Million
TABLE 66 UAE Consumer Product Safety Testing Market by Offering, 2024 - 2031, USD Million
TABLE 67 UAE Consumer Product Safety Testing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 68 UAE Consumer Product Safety Testing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 69 Saudi Arabia Consumer Product Safety Testing Market, 2020 - 2023, USD Million
TABLE 70 Saudi Arabia Consumer Product Safety Testing Market, 2024 - 2031, USD Million
TABLE 71 Saudi Arabia Consumer Product Safety Testing Market by Sourcing, 2020 - 2023, USD Million
TABLE 72 Saudi Arabia Consumer Product Safety Testing Market by Sourcing, 2024 - 2031, USD Million
TABLE 73 Saudi Arabia Consumer Product Safety Testing Market by Offering, 2020 - 2023, USD Million
TABLE 74 Saudi Arabia Consumer Product Safety Testing Market by Offering, 2024 - 2031, USD Million
TABLE 75 Saudi Arabia Consumer Product Safety Testing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 76 Saudi Arabia Consumer Product Safety Testing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 77 South Africa Consumer Product Safety Testing Market, 2020 - 2023, USD Million
TABLE 78 South Africa Consumer Product Safety Testing Market, 2024 - 2031, USD Million
TABLE 79 South Africa Consumer Product Safety Testing Market by Sourcing, 2020 - 2023, USD Million
TABLE 80 South Africa Consumer Product Safety Testing Market by Sourcing, 2024 - 2031, USD Million
TABLE 81 South Africa Consumer Product Safety Testing Market by Offering, 2020 - 2023, USD Million
TABLE 82 South Africa Consumer Product Safety Testing Market by Offering, 2024 - 2031, USD Million
TABLE 83 South Africa Consumer Product Safety Testing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 84 South Africa Consumer Product Safety Testing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 85 Nigeria Consumer Product Safety Testing Market, 2020 - 2023, USD Million
TABLE 86 Nigeria Consumer Product Safety Testing Market, 2024 - 2031, USD Million
TABLE 87 Nigeria Consumer Product Safety Testing Market by Sourcing, 2020 - 2023, USD Million
TABLE 88 Nigeria Consumer Product Safety Testing Market by Sourcing, 2024 - 2031, USD Million
TABLE 89 Nigeria Consumer Product Safety Testing Market by Offering, 2020 - 2023, USD Million
TABLE 90 Nigeria Consumer Product Safety Testing Market by Offering, 2024 - 2031, USD Million
TABLE 91 Nigeria Consumer Product Safety Testing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 92 Nigeria Consumer Product Safety Testing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 93 Rest of LAMEA Consumer Product Safety Testing Market, 2020 - 2023, USD Million
TABLE 94 Rest of LAMEA Consumer Product Safety Testing Market, 2024 - 2031, USD Million
TABLE 95 Rest of LAMEA Consumer Product Safety Testing Market by Sourcing, 2020 - 2023, USD Million
TABLE 96 Rest of LAMEA Consumer Product Safety Testing Market by Sourcing, 2024 - 2031, USD Million
TABLE 97 Rest of LAMEA Consumer Product Safety Testing Market by Offering, 2020 - 2023, USD Million
TABLE 98 Rest of LAMEA Consumer Product Safety Testing Market by Offering, 2024 - 2031, USD Million
TABLE 99 Rest of LAMEA Consumer Product Safety Testing Market by Industry Vertical, 2020 - 2023, USD Million
TABLE 100 Rest of LAMEA Consumer Product Safety Testing Market by Industry Vertical, 2024 - 2031, USD Million
TABLE 101 Key Information - Bureau Veritas S.A.
TABLE 102 Key Information - DEKRA SE
TABLE 103 Key Information - DNV AS
TABLE 104 Key Information - Intertek Group PLC
TABLE 105 Key Information - ALS Limited
TABLE 106 Key Information - Eurofins Scientific SE
TABLE 107 Key Information - ABS Group
TABLE 108 Key Information - Element Materials Technology
TABLE 109 Key Information - Applied Technical Services, LLC
TABLE 110 Key Information - NSL Analytical Services, Inc.

LAMEA Consumer Product Safety Testing Market Size, Share & Trends Analysis Report By Sourcing (In House and Outsource), By Offering, By Industry Vertical, By Country and Growth Forecast, 2024 - 2031

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