Consumer Product Safety Testing Market is Expected to Develop at a CAGR of 6.32% from 2022 to 2031
The consumer product safety testing market is segmented into Offering, Sourcing and Industry Vertical.
The consumer product safety testing market was valued at $33.05 billion in 2021, and is projected to reach $60.50 billion by 2031, growing at a CAGR of 6.32% from 2022 to 2031.”
WILMINGTON, DE, UNITED STATES, September 19, 2025 /EINPresswire.com/ -- Allied Market Research, titled, "U.S. Consumer Product Safety Testing Market By Offering, Sourcing Type and Industry Vertical: Opportunity Analysis and Industry Forecast, 2021-2030," the U.S. consumer product safety testing market size was valued at $7,453.5 million in 2020, and is projected to reach $10,546.4 million by 2030, registering a CAGR of 3.6%". The U.S. consumer product safety testing market share is expected to witness considerable growth, owing to an increase in demand for safety testing, especially in the food and beverage sector, driven by stringent government regulations aimed at ensuring consumer safety, which is fueling the growth of the U.S. consumer product safety testing market.— Allied Market Research
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 & 𝐓𝐎𝐂: https://www.alliedmarketresearch.com/request-sample/A16315
The key factor driving the growth of the U.S. consumer product safety testing industry includes the increasing focus of manufacturing companies on improving customer retention by offering quality products and surging demand for interoperability testing of connected devices and IoT. The key factor that affects the U.S. consumer product safety testing market size is the high cost of product safety testing services, due to diverse standards and regulations across different regions. The opportunity lies in the digital transformation of customer services and the rapid adoption of breakthrough technologies. Such U.S. consumer product safety testing market trends are expected to boost the market in the future.
According to the current U.S. consumer product safety testing market trends, the most widely used testing services are the Consumer Product Safety Commission (CPSC) third-party testing and the Consumer Product Safety Improvement Act (CPSIA) compliance testing. The demand for these services is expected to grow steadily in the forecasted period.
By offering, the U.S. consumer product safety testing market is divided into electromagnetic compatibility, electrical safety, connectivity, electronics testing, energy efficiency testing, and others. The electronics testing segment was the highest revenue contributor, accounting for $1,822.4 million in 2020, and is estimated to reach $2,050.2 million by 2030, with a CAGR of 1.2%. This is due to rapid technological advancement and the adoption of smart wireless devices.
By sourcing type, the U.S. consumer product safety testing market is bifurcated into in-house and outsourced. The in-house testing administrations give organizations unlimited authority over the whole testing procedure, and thus, it is widely adopted across the U.S. The in-house segment was the highest revenue contributor, accounting for $4,147.2 million in 2020, and is estimated to reach $5,284.8 million by 2030, with a CAGR of 2.5%. By industry vertical, the market is analyzed across communications, semiconductors, aerospace and defense, consumer electronics, automotive, healthcare, industrial, food and beverages, and others. The food and beverages segment was the highest revenue contributor, accounting for $1,511.6 million in 2020, and is estimated to reach $2,051.3 million by 2030, with a CAGR of 3.2%. This is due to stringent regulations imposed by regulatory bodies on manufacturers to ensure consumer safety as well as the quality of food.
𝐁𝐮𝐲 𝐍𝐨𝐰- https://www.alliedmarketresearch.com/checkout-final/4d8905f55b8267196fc1a921dc6c7513
COVID-19 has caused the overall semiconductor industry to mobilize quickly and to make short-term decisions with long-term implications. Semiconductor companies operate in a complex ecosystem, working across the value chain with numerous raw materials, assembly, test, package, and equipment suppliers & partners globally. The ongoing COVID-19 pandemic has abruptly reshaped the global economy. A sudden decline in infrastructure development and installation projects is expected to hamper the U.S. Consumer Product Safety Testing Market analysis for commercial, government, industrial, residential, and other verticals.
Key Findings of the Study
- In 2020, the electronics testing modem segment accounted for maximum revenue and is projected to grow at a notable CAGR of 1.2% during the forecast period.
- The in-house segment is projected to grow at a CAGR of 2.5% during the forecast period.
- The food and beverages segment is projected to grow at a CAGR of 3.2% during the forecast period.
The key players profiled in the report include ALS Limited, BSI Group, Bureau Veritas SA, DEKRA, DNV, Element Materials Technology, Intertek Group PLC, ISO, and TUV. Market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition, to expand their foothold in the market.
𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A16315
David Correa
Allied Market Research
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