Scientific advances: Growth in government and private funding has benefited the industry

The Scientific Research Services industry has performed well over the past five years, due to favourable funding and demand conditions. Increasing capital expenditure by the government has boosted the money available for a range of scientific research services carried out by industry organisations. Increasing private research and development expenditure has also boosted industry demand. Within particular markets, increased health expenditure and a growing focus on the environment have supported industry demand and revenue growth.The government's seven Crown Research Institutes (CRIs) have provided research services independently and in conjunction with commercial partners for over 25 years. These institutes influence the industry's more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • Government and private funding growth has benefited the industry over the past five years
  • Government and private funding has increased, supporting industry revenue growth
  • Industry profit margins are likely to remain low and stable over the next five years
  • Industry Report - Industry SWOT Analysis Chapter

    The Scientific Research Services industry is in the mature phase of its life cycle. Solid demand for a range of scientific research programs supplied by the New Zealand government's Crown Research Institutes (CRIs) and other government research organisations and private companies has driven the industry's growth. The potential pay-off of successful research can be significant for the industry's clients, with investment in research to develop new products a key driver of industry growth.Industry value-added, which is a measure of the industry's contribution to the overall economy, is projected to increase at an annualised 2.4% over the 10 years through 2023-24. This is lower than forecast GDP growth over the same period of 3.0%. Ste...purchase to read more.

    Additional Insights for the Scientific Research Services Industry

    IBISWorld has determined the most important Key Success Factors for the Scientific Research Services are:

  • Access to a highly skilled workforce
  • Having a high profile in the market
  • Ability to take advantage of government subsidies and other grants
  • IBISWorld analysts also discuss how external factors such as Research and development expenditure and Capital expenditure by the government in the Scientific Research Services industry impact industry performance..

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    What's in this report

    What is the Scientific Research Services in New Zealand Industry?

    Industry operators primarily provide environmental, agricultural, physical, biological, social and other scientific research services. Organisations in the industry carry out this research for themselves and for other entities. University research institutions are excluded from the industry.

    Industry Products
  • Pure and strategic basic research
  • Applied research
  • Experimental development
  • Industry Activities
  • Agricultural research services
  • Biological and biotechnology research services
  • Economic research services
  • Environmental research services
  • Food research services
  • Industrial research services
  • Medical research services
  • Space and aeronautical research services
  • Research farm operation
  • Scientific and social science research services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Research and development expenditure
  • Capital expenditure by the government
  • Demand from agriculture
  • Demand from professional, scientific and technical services
  • Total health expenditure

  • Current Performance
  • Crown Research Institutes
  • Revenue and profit
  • Funding and demand
  • Enterprises and employment
  • Chart: Revenue Growth

  • Industry Outlook
  • Strong revenue growth
  • Further demand increases
  • Continued government funding
  • Enterprises and employment
  • Table: Scientific Research Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Scientific Research Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Hospitals in New Zealand
  • Forestry and Logging in New Zealand
  • Wireless Telecommunications Carriers in New Zealand
  • Agribusiness in New Zealand
  • Veterinary Pharmaceutical and Medicinal Product Manufacturing in New Zealand

  • Key Selling Industries
  • Commercial Vehicle Wholesaling in New Zealand
  • Computer and Computer Peripheral Wholesaling in New Zealand
  • Professional and Scientific Goods Wholesaling in New Zealand

  • Products & Services
  • Applied research
  • Experimental development
  • Pure and strategic basic research
  • Chart: Scientific Research Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Medical and health sector
  • Agricultural organisations
  • Information technology and engineering industries
  • Chemical, energy and manufacturing industries
  • Other sectors
  • Environmental organisations
  • Chart: Major Market Segmentation for the Scientific Research Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Scientific Research Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Scientific Research Services Industry

  • Industry Globalization
    The New Zealand Institute for Plant and Food Research Limited, National Institute of Water and Atmospheric Research Limited, AgResearch Limited,
  • Table: The New Zealand Institute for Plant and Food Research Limited - financial performance
  • Table: National Institute of Water and Atmospheric Research Limited - financial performance
  • Table: AgResearch Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Scientific Research Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Scientific Research Services Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Commercially Viable
  • The development of a good or service by a government research organisation that is capable of generating sufficient sales and growth in the market.
  • Crown Research Institutes
  • Comprising seven Crown-owned entities, Crown Research Institutes (CRIs) carry out scientific research across various sectors in New Zealand.
  • Marsden Fund
  • A government fund for fundamental research into science, engineering and maths, which is administered by the Royal Society of New Zealand.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Scientific Research Services in New Zealand market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
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    • Inform your decisions for marketing, strategy and planning
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    This report on Scientific Research Services in New Zealand:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Scientific Research Services in New Zealand market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Scientific Research Services in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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