Market Overview:
The global testing, inspection and certification (TIC) market is expected to grow from USD XX million in 2018 to USD XX million 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 in-house testing, outsourced testing, inspection & certification. In-house testing accounted for a major share of the global TIC market in 2017. This can be attributed to factors such as low cost and easy access to resources required for conducting tests within an organization. However, outsourced testing is expected to grow at a higher CAGR during the forecast period owing to rising demand from small & medium enterprises (SMEs).
Product Definition:
Testing, inspection and certification are all quality assurance measures that are used to ensure that a product or service is of the quality that is expected. They are important because they help to protect the consumer from defective products and services.
In-House:
In-house is the testing, inspection and certification carried out within the premises of a company. It can be used for internal quality assurance as well as compliance with government regulations or industry standards. In-house testing, inspection and certification are cost effective in comparison to outsourced testing, inspection and certification which is expected to increase its usage over the forecast period.
Outsourced:
Outsourcing is the process of assigning or transferring a company's manufacturing, service, research and development or marketing operations to another organization. In other words, outsourcing involves contracting out an organization's core functions in order to focus on its strategic goals. Outsourcing helps companies achieve cost reduction by leveraging expertise and resources of third-party organizations.
The global outsourced.
Application Insights:
The industry application segment accounted for the largest market share in 2017 and is projected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to an increase in demand for globally sourced commodities, including food, electronics, and medical devices among others.
Global testing, inspection.
The global commodities market has witnessed significant growth owing to increased trade between developing countries such as India China South Korea Japan among others have been contributing significantly towards increasing the volume of global commodity trade which has resulted in increased inspection requirements globally resulting in growing requirement of globally integrated solutions with seamless connectivity across various industries worldwide which is anticipated to fuel industry expansion over the coming years.
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 safety and security across emerging economies, such as India and China. Asia Pacific is also one of the most lucrative regions for LFE due to rising demand from various industries in countries like Japan, South Korea, Taiwan & Hong Kong among others.
The European region accounted for a significant share in 2016 owing to stringent regulations by governments across Europe regarding environmental testing of products coupled with growing awareness about global safety standards among consumers. However, Latin America region is expected to witness substantial growth during the forecast period owing its rapidly expanding oil & gas industry which requires regular inspection and certification by accredited agencies only when there's a requirement so that no leakage or damage caused due to poor quality fuel can take place at any cost.
Growth Factors:
- Increasing demand for quality products and services: The Testing, Inspection and Certification (TIC) market is driven by the increasing demand for quality products and services. Consumers are increasingly becoming aware of the importance of quality in their lives, which is driving them to seek out certified products and services.
- Rapid industrialization in developing countries: The TIC market is also being driven by rapid industrialization in developing countries. This is creating a need for increased testing, inspection, and certification activities to ensure that goods manufactured in these countries meet global standards.
- Stringent regulatory requirements: Regulatory requirements are also driving the growth of the TIC market as companies need to comply with these regulations in order to sell their products or services globally. This has led to an increase in spending on TIC activities by companies across all industries worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Testing, Inspection and Certification Market Research Report
By Type
In-House, Outsourced, Testing, Inspection and Certificatio
By Application
Consumer Product, Commodities, Industry, LFE, Other
By Companies
SGS Group, Bureau Veritas, Dekra Certification, Intertek, TUV SUD, Eurofins Scientific, DNV, TUV Rheinland, UL LLC, ALS Limited, TUV Nord Group, Mistras Group, SAI Global, BSI Group, Exova Group, Testing, Inspection and Certificatio
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
237
Number of Tables & Figures
166
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
In-House, Outsourced, Testing, Inspection and Certificatio
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
Consumer Product, Commodities, Industry, LFE, Other
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
- Dekra Certification
- Intertek
- TUV SUD
- Eurofins Scientific
- DNV
- TUV Rheinland
- UL LLC
- ALS Limited
- TUV Nord Group
- Mistras Group
- SAI Global
- BSI Group
- Exova Group
- Testing, Inspection and Certificatio
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:
- In-House
- Outsourced
- Testing, Inspection and Certificatio
- By Application:
- Consumer Product
- Commodities
- Industry
- LFE
- Other
- 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 (TIC) is a process used to ensure the quality of products or services. TIC involves performing tests on products or services to determine whether they meet specific requirements. The results of the tests are then inspected to make sure that they are accurate and consistent with what was expected. Finally, if the product or service meets all of these requirements, it is certified.
Some of the key players operating in the testing, inspection and certification market are SGS Group, Bureau Veritas, Dekra Certification, Intertek, TUV SUD, Eurofins Scientific, DNV, TUV Rheinland, UL LLC, ALS Limited, TUV Nord Group, Mistras Group, SAI Global, BSI Group, Exova Group, Testing, Inspection and Certificatio.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Testing, Inspection and Certification Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Testing, Inspection and Certification Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Testing, Inspection and Certification Market - Supply Chain
4.5. Global Testing, Inspection and Certification Market Forecast
4.5.1. Testing, Inspection and Certification Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Testing, Inspection and Certification Market Size (000 Units) and Y-o-Y Growth
4.5.3. Testing, Inspection and Certification Market Absolute $ Opportunity
5. Global Testing, Inspection and Certification Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Testing, Inspection and Certification Market Size and Volume Forecast by Type
5.3.1. In-House
5.3.2. Outsourced
5.3.3. Testing, Inspection and Certificatio
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Testing, Inspection and Certification Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Testing, Inspection and Certification Market Size and Volume Forecast by Application
6.3.1. Consumer Product
6.3.2. Commodities
6.3.3. Industry
6.3.4. LFE
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Testing, Inspection and Certification Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Testing, Inspection and Certification Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Testing, Inspection and Certification Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Testing, Inspection and Certification Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Testing, Inspection and Certification Demand Share Forecast, 2019-2026
9. North America Testing, Inspection and Certification Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Testing, Inspection and Certification Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Testing, Inspection and Certification Market Size and Volume Forecast by Application
9.4.1. Consumer Product
9.4.2. Commodities
9.4.3. Industry
9.4.4. LFE
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Testing, Inspection and Certification Market Size and Volume Forecast by Type
9.7.1. In-House
9.7.2. Outsourced
9.7.3. Testing, Inspection and Certificatio
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Testing, Inspection and Certification Demand Share Forecast, 2019-2026
10. Latin America Testing, Inspection and Certification Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Testing, Inspection and Certification Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Testing, Inspection and Certification Market Size and Volume Forecast by Application
10.4.1. Consumer Product
10.4.2. Commodities
10.4.3. Industry
10.4.4. LFE
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Testing, Inspection and Certification Market Size and Volume Forecast by Type
10.7.1. In-House
10.7.2. Outsourced
10.7.3. Testing, Inspection and Certificatio
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Testing, Inspection and Certification Demand Share Forecast, 2019-2026
11. Europe Testing, Inspection and Certification Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Testing, Inspection and Certification Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Testing, Inspection and Certification Market Size and Volume Forecast by Application
11.4.1. Consumer Product
11.4.2. Commodities
11.4.3. Industry
11.4.4. LFE
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Testing, Inspection and Certification Market Size and Volume Forecast by Type
11.7.1. In-House
11.7.2. Outsourced
11.7.3. Testing, Inspection and Certificatio
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Testing, Inspection and Certification Demand Share, 2019-2026
12. Asia Pacific Testing, Inspection and Certification Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Testing, Inspection and Certification Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Testing, Inspection and Certification Market Size and Volume Forecast by Application
12.4.1. Consumer Product
12.4.2. Commodities
12.4.3. Industry
12.4.4. LFE
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Testing, Inspection and Certification Market Size and Volume Forecast by Type
12.7.1. In-House
12.7.2. Outsourced
12.7.3. Testing, Inspection and Certificatio
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Testing, Inspection and Certification Demand Share, 2019-2026
13. Middle East & Africa Testing, Inspection and Certification Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Testing, Inspection and Certification Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Testing, Inspection and Certification Market Size and Volume Forecast by Application
13.4.1. Consumer Product
13.4.2. Commodities
13.4.3. Industry
13.4.4. LFE
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Testing, Inspection and Certification Market Size and Volume Forecast by Type
13.7.1. In-House
13.7.2. Outsourced
13.7.3. Testing, Inspection and Certificatio
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Testing, Inspection and Certification Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Testing, Inspection and Certification Market: Market Share Analysis
14.2. Testing, Inspection and Certification Distributors and Customers
14.3. Testing, Inspection and Certification Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SGS Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bureau Veritas
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dekra Certification
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Intertek
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. TUV SUD
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Eurofins Scientific
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. DNV
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. TUV Rheinland
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. UL LLC
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ALS Limited
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. TUV Nord Group
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Mistras Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. SAI Global
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. BSI Group
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Exova Group
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Testing, Inspection and Certificatio
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
