The year-on-year growth rate of the testing market far exceeds GDP, and the next ten years will still be a golden period

- Mar 31, 2020-

Recently, an authoritative securities company in China issued a news saying that "the global testing market is gradually mature and China will become the largest market in the testing industry. The Chinese market is a fertile ground for nurturing leading companies in the testing industry."

The scale of China's testing market has increased from 49.9 billion yuan in 2008 to 281 billion yuan in 2018, with a compound annual growth rate of approximately 18.5%, a year-on-year growth rate far exceeding the GDP growth rate. As the domestic reform continues to advance and provide fertile ground for third-party testing institutions, the next ten years will still be the golden period for the development of the testing industry.