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Frost & Sullivan Recognizes Tektronix' Dominance in the Highly Competitive North American Calibration Services Market

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Frost & Sullivan Recognizes Tektronix' Dominance in the Highly Competitive North American Calibration Services Market PR Newswire MOUNTAIN VIEW, California, Aug. 6, 2012 Continued focus on addressing customer needs by broadening capabilities and global reach gives the company a strong market lead MOUNTAIN VIEW, California, Aug. 6, 2012 /PRNewswire/ -- Based on its recent analysis of the calibration services market, Frost & Sullivan recognizes Tektronix with the 2012 North American Frost & Sullivan Award for Market Share Leadership. The company's footprint and focus on productivity and quality have made it the market share leader and will help it sustain this lead in the future. The growing calibration services market—consisting broadly of original equipment manufacturers (OEMs), third-party calibration service providers, and in-house calibration laboratories—is a tough one to compete in since customers want service providers with the widest geographic coverage, assured quality, shortest service turnaround time (TAT), asset management capabilities and competitive pricing. Tektronix earned 25.9 percent of the revenues for calibration services in the third-party calibration service providers market in 2011, making it the undisputed leader in this segment. The company also participates as an OEM in the market, making it the overall leader in the provision of calibration services in North America.
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Frost & Sullivan Recognizes Tektronix'
Dominance in the Highly Competitive North
American Calibration Services Market
PR Newswire
MOUNTAIN VIEW, California, Aug. 6, 2012
Continued focus on addressing customer needs by broadening capabilities and
global reach gives the company a strong market lead
MOUNTAIN VIEW, California
,
Aug. 6, 2012
/PRNewswire/ -- Based on its recent
analysis of the calibration services market, Frost & Sullivan recognizes
Tektronix with the 2012 North American Frost & Sullivan Award for Market
Share Leadership. The company's footprint and focus on productivity and
quality have made it the market share leader and will help it sustain this lead in
the future.
The growing calibration services market—consisting broadly of original
equipment manufacturers (OEMs), third-party calibration service providers, and
in-house calibration laboratories—is a tough one to compete in since customers
want service providers with the widest geographic coverage, assured quality,
shortest service turnaround time (TAT), asset management capabilities and
competitive pricing.
Tektronix earned 25.9 percent of the revenues for calibration services in the
third-party calibration service providers market in 2011, making it the
undisputed leader in this segment. The company also participates as an OEM in
the market, making it the overall leader in the provision of calibration services
in
North America
.
"Key factors contributing to Tektronix' leadership position in the North American
market include its footprint in terms of the number of calibration laboratories it
has across the region, as well as their breadth of capability for calibrating a
wide range of equipment. Tektronix clearly focuses on increasing productivity
without sacrificing quality," said Frost & Sullivan Industry Director Jessy
Cavazos. "These aspects, combined with significant company investment in
growing international markets, argue positively for the company's growth
moving forward."
With 26 locations across the region, Tektronix has the largest number of
laboratories in
North America
and is in the best position to cater to customers
scattered across the region.
The company offers calibration and repair capabilities for more than 140,000
products from more than 9,000 manufacturers and benefits deeply from its
extensive experience in the test and measurement equipment market. As both
an OEM and third-party calibration service provider, the company is uniquely
positioned in the market.
Further, leveraging Danaher Business System (DBS) tools, Tektronix continues
to improve flow, turnaround time, and productivity in its calibration
laboratories. The company's TAT goal is less than five business days, which is
aggressive and on par with the objectives of leading third-party calibration
service providers in
North America
. One way this is achieved is by making
primary regional hubs, which have a higher concentration of high-end and