Asia-Pacific Testing, Inspection & Certification Market to 2027 - Regional Analysis and Forecasts By Sourcing type (In-House service and Outsourced Services); Service Type (Testing, Inspection, and Certification); and End-User (Food & Beverage, Healthcare & Pharmaceutical, Consumer Goods & Retail, Energy & Power, Manufacturing & Construction, and Others)
Publication Month: Jul 2019
Report Code: TIPRE00006282 No. of Pages: 152 Category: Manufacturing and Construction Status: Published
The Asia-Pacific testing, inspection & certification market accounted for US$ 79.73 Bn in 2018 and is expected to grow at a CAGR of 6.3% over the forecast period 2018–2027, to account for US$ 136.00 Bn in 2027.
The progression of technological advancement, along with the popularity of the internet of things (IoT) has a profound positive impact over the maintenance and inspection through the introduction of predictive maintenance. Furthermore, the rise in emphasis towards reducing equipment and machinery downtime has added to the demand for frequent maintenance, testing, and inspection of critical assets and systems. As a result, the market players in line with the end-user requirements have adopted as well as modified their market-related offerings for enabling superior customer experience for their large clients. Subsequently, the availability of technologically superior equipment and devices for testing or inspection application has facilitated in enabling accurate and seamless inspection of significant assets and systems compared to conventional approaches.
The existing large number of market players, along with high market competition, has resulted in a surge in the volume of mergers and acquisition across the TIC industry. The leading market players operating in the market have focused heavily on the merger and acquisition strategy for boosting the growth of their group revenue. Furthermore, the selected leading players in the market accounted for the majority share in the mergers & acquisition in the past decade for propelling the revenue growth of the players. Also, the strategies are projected to continue to remain popular across the leading market players during the coming years.
Currently, China is dominating the Asia-Pacific testing, inspection & certification market, which in turn boost the demand for testing, inspection & certification market in Asia-Pacific. The country is also attracting huge FDIs owing to government initiatives such as “Made in China” to propel the manufacturing sector of the company. Compiling to this, several multinationals operating in different sectors are targeting the Chinese market and opening their manufacturing facilities in the country. Attributed to the presence of a robust manufacturing industry in the country, the demand for the TIC market is anticipated to witness robust. Further, there are over 300 certified foreign-invested TIC companies operating in the country. Most of these companies are located in the more developed eastern regions, as per China's Certification and Accreditation Administration. Further, the administration also stated that in 2015-2017, the number of TIC companies increased at an average annual rate of 26%. The figure given below highlights the revenue share of Rest of APAC in the Asia-Pacific testing, inspection & certification market in the forecast period:
ASIA-PACIFIC TESTING, INSPECTION & CERTIFICATION MARKET - SEGMENTATION
Asia-Pacific Testing, Inspection & Certification Market by Service Type
- Testing
- Inspection
- Certification
Asia-Pacific Testing, Inspection & Certification Market by Sourcing Type
- In-house
- Outsourced
Asia-Pacific Testing, Inspection & Certification Market by End-User Industry
- Food & Beverage
- Healthcare & Pharmaceutical
- Consumer Goods & Retail
- Energy & Power
- Manufacturing & Construction
- Others
Asia-Pacific Testing, Inspection & Certification Market by Country
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Companies Mentioned
- ALS Limited
- Applus Services, SA
- Bureau Veritas
- DEKRA Automobil GmbH
- DNV GL
- Eurofins Group
- Intertek Group plc
- SGS SA
- TÜV Rheinland AG
- TÜV SÜD AG.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
2. Key Takeaways
3. Asia-Pacific Testing, Inspection & Certification Market Landscape
3.1 Market Overview
3.2 Market segmentation
3.2.1 Asia-Pacific Testing, Inspection & Certification Market – By Service Type
3.2.2 Asia-Pacific Testing, Inspection & Certification Market – By Sourcing Type
3.2.3 Asia-Pacific Testing, Inspection & Certification Market – By End-User Industry
3.2.4 Asia-Pacific Testing, Inspection & Certification Market – By Country
3.3 PEST Analysis
3.3.1 Asia Pacific – PEST Analysis
3.4 Ecosystem Analysis
3.5 Expert Opinion
4. Asia-Pacific Testing, Inspection & Certification Market – Key Industry Dynamics
4.1 Key Market Drivers
4.1.1 Increasing adoption of technology enabled TIC solutions by market players
4.1.2 Economic prosperity and technological advancements
4.2 Key Market Restraints
4.2.1 Lack of technical expertise and increasing number of counterfeit products
4.3 Key Market Opportunities
4.3.1 Adoption of merger & acquisition strategy by various market players
4.4 Future Trends
4.4.1 Rise in general consensus across regulatory agencies
4.5 Impact Analysis of Drivers and Restraints
5. Asia-Pacific Testing, Inspection & Certification –Market Analysis
5.1 Asia-Pacific Testing, Inspection & Certification Market Overview
5.2 Asia-Pacific Testing, Inspection & Certification Market Forecast and Analysis
6. Asia-Pacific Testing, Inspection & Certification Market Analysis – By Sourcing Type
6.1 Overview
6.2 Asia-Pacific Testing, Inspection & Certification Market Breakdown, By Sourcing Type, 2018 & 2027
6.3 In-House Service
6.3.1 Overview
6.3.2 In-House Service Market Forecasts and Analysis
6.4 Outsourced Services
6.4.1 Overview
6.4.2 Outsourced Services Market Forecasts and Analysis
7. Asia-Pacific Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By Service Type
7.1 Overview
7.2 Asia-Pacific Testing, Inspection & Certification Market Breakdown, By Service Type, 2018 & 2027
7.3 Testing
7.3.1 Overview
7.3.2 Testing Market Forecasts and Analysis
7.4 Inspection
7.4.1 Overview
7.4.2 Inspection Market Forecasts and Analysis
7.5 Certification
7.5.1 Overview
7.5.2 Certification Market Forecasts and Analysis
8. Asia-Pacific Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – End-User
8.1 Overview
8.2 Asia-Pacific Testing, Inspection & Certification Market Breakdown, By End-User, 2018 & 2027
8.3 Food & Beverage (F&B)
8.3.1 Overview
8.3.2 Food & Beverage Market Forecasts and Analysis
8.4 Healthcare & Pharmaceutical
8.4.1 Overview
8.4.2 Healthcare & Pharmaceutical Market Forecasts and Analysis
8.5 Consumer Goods & Retail
8.5.1 Overview
8.5.2 Consumer Goods & Retail Market Forecasts and Analysis
8.6 Energy & Power
8.6.1 Overview
8.6.2 Energy & Power Market Forecasts and Analysis
8.7 Manufacturing & Construction
8.7.1 Manufacturing & Construction Market Forecasts and Analysis
8.8 Others
8.8.1 Overview
8.8.2 Others Market Forecasts and Analysis
9. Asia-Pacific Testing, Inspection & Certification Market Revenue and Forecasts to 2027– Country Analysis
9.1 Overview
9.1.1 Asia Pacific Testing, Inspection & Certification Market Breakdown, by Key Countries
9.1.1.1 China Testing, Inspection & Certification Market Revenue and Forecasts to 2027 (US$ Bn)
9.1.1.1.1 China Testing, Inspection & Certification Market Breakdown by Sourcing Type
9.1.1.1.2 China Testing, Inspection & Certification Market Breakdown by Service Type
9.1.1.1.3 China Testing, Inspection & Certification Market Breakdown by End-user
9.1.1.2 Japan Testing, Inspection & Certification Market Revenue and Forecasts to 2027 (US$ Bn)
9.1.1.2.1 Japan Testing, Inspection & Certification Market Breakdown by Sourcing Type
9.1.1.2.2 Japan Testing, Inspection & Certification Market Breakdown by Service Type
9.1.1.2.3 Japan Testing, Inspection & Certification Market Breakdown by End-user
9.1.1.3 India Testing, Inspection & Certification Market Revenue and Forecasts to 2027 (US$ Bn)
9.1.1.3.1 India Testing, Inspection & Certification Market Breakdown by Sourcing Type
9.1.1.3.2 India Testing, Inspection & Certification Market Breakdown by Service Type
9.1.1.3.3 India Testing, Inspection & Certification Market Breakdown by End-user
9.1.1.4 Australia Testing, Inspection & Certification Market Revenue and Forecasts to 2027 (US$ Bn)
9.1.1.4.1 Australia Testing, Inspection & Certification Market Breakdown by Sourcing Type
9.1.1.4.2 Australia Testing, Inspection & Certification Market Breakdown by Service Type
9.1.1.4.3 Australia Testing, Inspection & Certification Market Breakdown by End-user
9.1.1.5 South Korea Testing, Inspection & Certification Market Revenue and Forecasts to 2027 (US$ Bn)
9.1.1.5.1 South Korea Testing, Inspection & Certification Market Breakdown by Sourcing Type
9.1.1.5.2 South Korea Testing, Inspection & Certification Market Breakdown by Service Type
9.1.1.5.3 South Korea Testing, Inspection & Certification Market Breakdown by End-user
9.1.1.6 Rest of APAC Testing, Inspection & Certification Market Revenue and Forecasts to 2027 (US$ Bn)
9.1.1.6.1 Rest of APAC Testing, Inspection & Certification Market Breakdown by Sourcing Type
9.1.1.6.2 Rest of APAC Testing, Inspection & Certification Market Breakdown by Service Type
9.1.1.6.3 Rest of APAC Testing, Inspection & Certification Market Breakdown by End-user
10. Industry Landscape
10.1 Market Initiatives
10.2 Mergers and Acquisitions
10.3 New Developments
11. Testing, Inspection & Certification Market – Company Profile
11.1 Eurofins Scientific
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Applus Services, SA
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 ALS Limited
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 DEKRA Automobile GmbH
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 TUV SUD AG
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 TUV Rheinland AG
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 SGS AG
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Bureau Veritas SA
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Intertek Group Plc
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 DNV GL AS
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
12.3 Methodology
12.3.1 Coverage
12.3.2 Secondary Research
12.3.3 Primary Research
LIST OF TABLES
Table 1. List of Recent Mergers & Acquisitions in the Testing, Inspection & Certification Market
Table 2. Asia-Pacific Testing, Inspection & Certification Market Revenue and Forecasts to 2027 (US$ Bn)
Table 3. Asia Pacific Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By Sourcing Type (US$ Bn)
Table 4. Asia Pacific Testing, Inspection & Certification Market Revenue And Forecasts To 2027 – By Service Type (US$ Bn)
Table 5. Asia Pacific Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By End-User (US$ Bn)
Table 6. Asia Pacific Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By End-User (US$ Bn)
Table 7. China Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By Sourcing Type (US$ Bn)
Table 8. China Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By Service Type (US$ Bn)
Table 9. China Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By End-User (US$ Bn)
Table 10. Japan Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By Sourcing Type (US$ Bn)
Table 11. Japan Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By Service Type (US$ Bn)
Table 12. Japan Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By End-User (US$ Bn)
Table 13. India Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By Sourcing Type (US$ Bn)
Table 14. India Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By Service Type (US$ Bn)
Table 15. India Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By End-User (US$ Bn)
Table 16. Australia Testing, Inspection & Certification Market Revenue And Forecasts To 2027 – By Sourcing Type (US$ Bn)
Table 17. Australia Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By Service Type (US$ Bn)
Table 18. Australia Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By End-User (US$ Bn)
Table 19. South Korea Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By Sourcing Type (US$ Bn)
Table 20. South Korea Testing, Inspection & Certification Market Revenue And Forecasts To 2027 – By Service Type (US$ Bn)
Table 21. South Korea Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By End-User (US$ Bn)
Table 22. Rest of APAC Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By Sourcing Type (US$ Bn)
Table 23. Rest of APAC Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By Service Type (US$ Bn)
Table 24. Rest Of APAC Testing, Inspection & Certification Market Revenue And Forecasts To 2027 – By End-User (US$ Bn)
Table 25. Glossary of Term: Testing, Inspection & Certification Market
LIST OF FIGURES
Figure 1. China Testing, Inspection & Certification Market, By Revenue, 2018 - 2027, US$ Mn
Figure 2. Asia-Pacific Testing, Inspection & Certification Market Segmentation
Figure 3. Asia-Pacific Testing, Inspection & Certification Market Segmentation – By Region
Figure 4. Asia Pacific – PEST Analysis
Figure 5. Ecosystem Analysis
Figure 6. Expert Opinion
Figure 7. GDP Growth Rate of APAC and Forecast
Figure 8. Percentage of Mergers & Acquisitions across Selected End-Users, 2017 (%)
Figure 9. Asia-Pacific Testing, Inspection & Certification Market Impact Analysis of Driver and Restraints
Figure 10. Asia-Pacific Testing, Inspection & Certification Market Forecast and Analysis
Figure 11. Asia-Pacific Testing, Inspection & Certification Market Breakdown, By Sourcing Type, 2018 & 2027 (%)
Figure 12. Asia-Pacific In-House Service Market Revenue and Forecasts to 2027 (US$ Bn)
Figure 13. Asia-Pacific Outsourced Services Revenue and Forecasts to 2027 (US$ Bn)
Figure 14. Asia-Pacific Testing, Inspection & Certification Market Breakdown, By Service Type, 2018 & 2027 (%)
Figure 15. Asia-Pacific Testing Market Revenue and Forecasts to 2027 (US$ Bn)
Figure 16. Asia-Pacific Inspection Revenue and Forecasts to 2027 (US$ Bn)
Figure 17. Asia-Pacific Certification Revenue and Forecasts to 2027 (US$ Bn)
Figure 18. Asia-Pacific Testing, Inspection & Certification Market Breakdown, By End-User, 2018 & 2027 (%)
Figure 19. Asia-Pacific Food & Beverage Market Revenue and Forecasts to 2027 (US$ Bn)
Figure 20. Asia-Pacific Healthcare & Pharmaceutical Revenue and Forecasts to 2027 (US$ Bn)
Figure 21. Asia-Pacific Consumer Goods & Retail Revenue and Forecasts to 2027 (US$ Bn)
Figure 22. Asia-Pacific Energy & Power Revenue and Forecasts to 2027 (US$ Bn)
Figure 23. Asia-Pacific Manufacturing & Construction Market Revenue and Forecasts to 2027 (US$ Bn)
Figure 24. Asia-Pacific Others Revenue and Forecasts to 2027 (US$ Bn)
Figure 25. Asia Pacific Testing, Inspection & Certification Market Breakdown by Key Countries, 2018 & 2027(%)
Figure 26. China Testing, Inspection & Certification Market Revenue and Forecasts to 2027 (US$ Bn)
Figure 27. Japan Testing, Inspection & Certification Market Revenue and Forecasts to 2027 (US$ Bn)
Figure 28. India Testing, Inspection & Certification Market Revenue and Forecasts to 2027 (US$ Bn)
Figure 29. Australia Testing, Inspection & Certification Market Revenue and Forecasts to 2027 (US$ Bn)
Figure 30. South Korea Testing, Inspection & Certification Market Revenue and Forecasts to 2027 (US$ Bn)
Figure 31. Rest of APAC Testing, Inspection & Certification Market Revenue and Forecasts to 2027 (US$ Bn)
The List of Companies
- ALS Limited
- Applus Services, SA
- Bureau Veritas
- Dekra Automobil GmbH
- DNV GL
- Eurofins Group
- Intertek Group PLC
- SGS SA
- TÜV Rheinland AG
- TÜV SÜD AG
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia-Pacific testing, inspection and certification market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Asia-Pacific testing, inspection and certification market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Asia-Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.