Market Overview:
The global testing, inspection and certification (TIC) market is expected to grow from USD XX billion in 2018 to USD XX billion by 2030, at a CAGR of X.X%. The growth of the TIC market can be attributed to the increasing demand for quality products and services across the globe. The TIC market is segmented on the basis of type, application, and region. On the basis of type, the TIC market is segmented into testing, inspection, and certification. Testing is further sub-segmented into product testing and process monitoring & control. Inspection is further sub-segmented into factory inspection and site inspection. Certification is further sub-segmented into management system certification and product certification. On the basis of application, the TIC market is segmented into petroleum, environmental protection,, consumer goods,, agriculture,, mining,, construction & infrastructure., manufacturing., oil & gas., chemicals,. By region,. North America accounted for a major share in 2017 due to technological advancements in this region. Asia Pacificis projectedto grow atthe highest CAGR duringthe forecast period owingto rising demand from various end-use industries such as automotive,. food processing,. textiles.
Product Definition:
Testing is the process of evaluating a product or service against a set of requirements or standards. Inspection is the physical examination of products, materials, or assemblies to check for conformity to specifications.
Testing:
Testing is used for detecting and evaluating the quality characteristics of materials, products or information. It involves observing, measuring, analyzing & testing a subject to obtain evidence to support a claim or inference. Testing can be done manually through inspection and it can also be automated through various software applications like Quality Checklist Program (QCP), Software Application for Inspection (SAI) etc.
Inspection:
Inspection and it's usage in testing,inspection and certification market is a process that is done to find out the faults of an object or person to see if everything is Ok with the product.It helps to identify problems so that they can be fixed before use.It also helps in making sure that every product meets certain standards before being sold which makes it reliable for quality control purposes.
Application Insights:
The application segment includes petroleum, environmental, consumer goods, agriculture and mining. The petroleum segment dominated the global testing inspection and certification market in 2017 due to the rising demand for crude oil & gas across the globe. Petroleum is one of the most important applications of these services as it involves multiple processes such as drilling & completion operations, well construction activities along with transportation & refining operations which need to be carried out efficiently in order to meet high production standards.
Global testing inspection.
In addition to this growing demand for petroleum products across various regions has also resulted in an increased focus on safety aspects related to these products which is further driving growth of this industry globally. Furthermore increasing number of refineries coupled with declining refinery runs globally has led towards increased importance being given on process optimization leading towards higher adoption rate globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for testing, inspection and certification services from developing countries such as China and India. In addition, rising investments in petroleum exploration activities coupled with growing oil & gas production are anticipated to drive the regional market growth over the forecast period.
The Middle East & Africa region accounted for a significant share of global revenue in 2017 owing to high demand from various sectors including construction, manufacturing, oil & gas and agriculture among others. The region is characterized by stringent regulations regarding mining practices along with environmental impact assessment (EIA) requirements that need compliance monitoring at regular intervals which will further fuel industry expansion over next eight years.
Growth Factors:
- Increasing demand for quality products and services
- Rising awareness about the benefits of quality testing, inspection, and certification
- Growing number of regulatory requirements and compliance mandates
- Proliferation of new technologies and innovative products that need to be tested for safety and compliance purposes
- Increased outsourcing by businesses seeking to reduce costs while ensuring product quality
Scope Of The Report
Report Attributes
Report Details
Report Title
Testing,Inspection and Certification Market Research Report
By Type
Testing, Inspection, Certification
By Application
Petroleum, Environmental, Consumer Goods, Agriculture, Mining, Construction & Infrastructure, Manufacturing, Oil & Gas, Chemicals
By Companies
SGS Group, Bureau Veritas S.A., Intertek Group PLC, TUV SUD Group, Dekra Certification GmbH, ALS Limited, ASTM International, BSI Group, Exova Group PLC, TUV Rheinland A.G., TUV Nord Group, SAI Global Limited, Eurofins Scientific, Mistras Group,Inc., UL LLC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Testing,Inspection and Certification Market Report Segments:
The global Testing,Inspection and Certification market is segmented on the basis of:
Types
Testing, Inspection, Certification
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Petroleum, Environmental, Consumer Goods, Agriculture, Mining, Construction & Infrastructure, Manufacturing, Oil & Gas, Chemicals
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SGS Group
- Bureau Veritas S.A.
- Intertek Group PLC
- TUV SUD Group
- Dekra Certification GmbH
- ALS Limited
- ASTM International
- BSI Group
- Exova Group PLC
- TUV Rheinland A.G.
- TUV Nord Group
- SAI Global Limited
- Eurofins Scientific
- Mistras Group,Inc.
- UL LLC
Highlights of The Testing,Inspection and Certification Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Testing
- Inspection
- Certification
- By Application:
- Petroleum
- Environmental
- Consumer Goods
- Agriculture
- Mining
- Construction & Infrastructure
- Manufacturing
- Oil & Gas
- Chemicals
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Testing,Inspection and Certification Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Testing, inspection and certification are three different ways of ensuring that a product meets certain quality standards. Testing is the process of checking a product to see if it meets specific requirements. Inspection is the process of looking at a product closely to determine whether it meets specified standards. Certification is the granting of official recognition to products that have met specific quality requirements.
Some of the major players in the testing,inspection and certification market are SGS Group, Bureau Veritas S.A., Intertek Group PLC, TUV SUD Group, Dekra Certification GmbH, ALS Limited, ASTM International, BSI Group, Exova Group PLC, TUV Rheinland A.G., TUV Nord Group, SAI Global Limited, Eurofins Scientific, Mistras Group,Inc., UL LLC.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Testing,Inspection and Certification Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Testing,Inspection and Certification Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Testing,Inspection and Certification Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Testing,Inspection and Certification Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Testing,Inspection and Certification Market Size & Forecast, 2020-2028
4.5.1 Testing,Inspection and Certification Market Size and Y-o-Y Growth
4.5.2 Testing,Inspection and Certification Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Testing
5.2.2 Inspection
5.2.3 Certification
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Petroleum
6.2.2 Environmental
6.2.3 Consumer Goods
6.2.4 Agriculture
6.2.5 Mining
6.2.6 Construction & Infrastructure
6.2.7 Manufacturing
6.2.8 Oil & Gas
6.2.9 Chemicals
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Testing,Inspection and Certification Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Testing,Inspection and Certification Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Testing
9.6.2 Inspection
9.6.3 Certification
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Petroleum
9.10.2 Environmental
9.10.3 Consumer Goods
9.10.4 Agriculture
9.10.5 Mining
9.10.6 Construction & Infrastructure
9.10.7 Manufacturing
9.10.8 Oil & Gas
9.10.9 Chemicals
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Testing
10.6.2 Inspection
10.6.3 Certification
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Petroleum
10.10.2 Environmental
10.10.3 Consumer Goods
10.10.4 Agriculture
10.10.5 Mining
10.10.6 Construction & Infrastructure
10.10.7 Manufacturing
10.10.8 Oil & Gas
10.10.9 Chemicals
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Testing
11.6.2 Inspection
11.6.3 Certification
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Petroleum
11.10.2 Environmental
11.10.3 Consumer Goods
11.10.4 Agriculture
11.10.5 Mining
11.10.6 Construction & Infrastructure
11.10.7 Manufacturing
11.10.8 Oil & Gas
11.10.9 Chemicals
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Testing
12.6.2 Inspection
12.6.3 Certification
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Petroleum
12.10.2 Environmental
12.10.3 Consumer Goods
12.10.4 Agriculture
12.10.5 Mining
12.10.6 Construction & Infrastructure
12.10.7 Manufacturing
12.10.8 Oil & Gas
12.10.9 Chemicals
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Testing
13.6.2 Inspection
13.6.3 Certification
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Petroleum
13.10.2 Environmental
13.10.3 Consumer Goods
13.10.4 Agriculture
13.10.5 Mining
13.10.6 Construction & Infrastructure
13.10.7 Manufacturing
13.10.8 Oil & Gas
13.10.9 Chemicals
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Testing,Inspection and Certification Market: Competitive Dashboard
14.2 Global Testing,Inspection and Certification Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SGS Group
14.3.2 Bureau Veritas S.A.
14.3.3 Intertek Group PLC
14.3.4 TUV SUD Group
14.3.5 Dekra Certification GmbH
14.3.6 ALS Limited
14.3.7 ASTM International
14.3.8 BSI Group
14.3.9 Exova Group PLC
14.3.10 TUV Rheinland A.G.
14.3.11 TUV Nord Group
14.3.12 SAI Global Limited
14.3.13 Eurofins Scientific
14.3.14 Mistras Group,Inc.
14.3.15 UL LLC
