North America 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: TIPRE00006284 No. of Pages: 140 Category: Manufacturing and Construction Status: Published
The North America testing, inspection & certification market accounted for US$ 59.48 Bn in 2018 and is expected to grow at a CAGR of 4.3% over the forecast period 2018–2027, to account for US$ 85.48 Bn in 2027.
The consistent technological advancement, along with the integration of automated solutions into production and manufacturing processes, has gained attraction for numerous certification, testing, and inspection requirement. Besides, the continuous improvement in industry practice towards achieving superior levels of quality control and workplace safety continues to drive the demand for improved and efficient testing, inspection, and certification based requirements. Factors such as a rise in gross domestic product and industry value add owing to an increase in demand from end-users is also anticipated to provide a steady revenue stream for the market players during the coming years.
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, the US is dominating the North America testing, inspection & certification market, which in turn boost the demand for testing, inspection & certification market in North America. In the U.S., numerous globally applicable approaches to conformity assessment are conducted to escalate user confidence in processes, products, systems, as well as personnel. These approaches consist of 1st party conformity assessment, 2nd party conformity assessment, and 3rd party conformity assessment. Also, conformity approaches can consist of activities such as Supplier's Declaration of Conformity (SDoC), TIC, and accreditation. The figure given below highlights the revenue share of Mexico in the North America testing, inspection & certification market in the forecast period:
NORTH AMERICA TESTING, INSPECTION & CERTIFICATION MARKET - SEGMENTATION
North America Testing, inspection & certification Market by Service Type
- Testing
- Inspection
- Certification
North America Testing, Inspection & Certification Market by Sourcing Type
- In-house
- Outsourced
North America Testing, Inspection & Certification Market by End-User Industry
- Food & Beverage
- Healthcare & Pharmaceutical
- Consumer Goods & Retail
- Energy & Power
- Manufacturing & Construction
- Others
North America Testing, Inspection & Certification Market by Country
- U.S.
- Canada
- Mexico
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. North America Testing, Inspection & Certification Market Landscape
3.1 Market Overview
3.2 Market segmentation
3.2.1 North America Testing, Inspection & Certification Market – By Service Type
3.2.2 North America Testing, Inspection & Certification Market – By Sourcing Type
3.2.3 North America Testing, Inspection & Certification Market – By End-User Industry
3.2.4 North America Testing, Inspection & Certification Market – By Country
3.3 PEST Analysis
3.3.1 North America – PEST Analysis
3.4 Ecosystem Analysis
3.5 Expert Opinion
4. North America Testing, Inspection & Certification Market – Key Industry Dynamics
4.1 Key Market Drivers
4.1.1 Growing popularity of technology enabled TIC solutions
4.1.2 Continuous technological advancement coupled with economic prosperity
4.2 Key Market Restraints
4.2.1 Presence of counterfeit products with the lack of technical staff
4.3 Key Market Opportunities
4.3.1 Growing focus towards merger and acquisition strategies
4.4 Future Trends
4.4.1 Rise in general consensus across regulatory agencies
4.5 Impact Analysis of Drivers and Restraints
5. North America Testing, Inspection & Certification –Market Analysis
5.1 North America Testing, Inspection & Certification Market Overview
5.2 North America Testing, Inspection & Certification Market Forecast and Analysis
6. North America Testing, Inspection & Certification Market Analysis – By Sourcing Type
6.1 Overview
6.2 North America 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. North America Testing, Inspection & Certification Market Analysis – By Service Type
7.1 Overview
7.2 North America 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. North America Testing, Inspection & Certification Market Analysis – By End-User
8.1 Overview
8.2 North America 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. North America Testing, Inspection & Certification Market– Country Analysis
9.1 Overview
9.1.1 North America Testing, Inspection & Certification Market Breakdown, by Key Countries
9.1.1.1 U.S. Testing, Inspection & Certification Market Revenue and Forecasts to 2027 (US$ BN)
9.1.1.1.1 U.S. Testing, Inspection & Certification Market Breakdown by Sourcing Type
9.1.1.1.2 U.S. Testing, Inspection & Certification Market Breakdown by Service Type
9.1.1.1.3 U.S. Testing, Inspection & Certification Market Breakdown by End-user
9.1.1.2 Canada Testing, Inspection & Certification Market Revenue and Forecasts to 2027 (US$ Bn)
9.1.1.2.1 Canada Testing, Inspection & Certification Market Breakdown by Sourcing Type
9.1.1.2.2 Canada Testing, Inspection & Certification Market Breakdown by Service Type
9.1.1.2.3 Canada Testing, Inspection & Certification Market Breakdown by End-user
9.1.1.3 Mexico Testing, Inspection & Certification Market Revenue and Forecasts to 2027 (US$ Bn)
9.1.1.3.1 Mexico Testing, Inspection & Certification Market Breakdown by Sourcing Type
9.1.1.3.2 Mexico Testing, Inspection & Certification Market Breakdown by Service Type
9.1.1.3.3 Mexico 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 Profiles
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. North America Testing, Inspection & Certification Market Revenue and Forecasts to 2027 (US$ Bn)
Table 3. North America Testing, Inspection & Certification Market Revenue And Forecasts To 2027 – By Sourcing Type (US$ Bn)
Table 4. North America Testing, Inspection & Certification Market Revenue And Forecasts To 2027 – By Service Type(US$ Bn)
Table 5. North America Testing, Inspection & Certification Market Revenue And Forecasts To 2027 – By End-User (US$ Bn)
Table 6. North America Testing, Inspection & Certification Market Revenue And Forecasts To 2027 – By Key Countries(US$ Bn)
Table 7. U.S. Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By Sourcing Type (US$ Bn)
Table 8. U.S. Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By Service Type (US$ Bn)
Table 9. U.S. Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By End-User (US$ Bn)
Table 10. Canada Testing, Inspection & Certification Market Revenue And Forecasts To 2027 – By Sourcing Type (US$ Bn)
Table 11. Canada Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By Service Type (US$ Bn)
Table 12. Canada Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By End-User (US$ Bn)
Table 13. Mexico Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By Sourcing Type (US$ Bn)
Table 14. Mexico Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By Service Type (US$ Bn)
Table 15. Mexico Testing, Inspection & Certification Market Revenue and Forecasts to 2027 – By End-User (US$ Bn)
Table 16. Glossary of Term: Testing, Inspection & Certification Market
LIST OF FIGURES
Figure 1. U.S Testing, Inspection & Certification Market, by Revenue, 2018 - 2027, US$ Bn
Figure 2. North America Testing, Inspection & Certification Market Segmentation
Figure 3. North America Testing, Inspection & Certification Market Segmentation – By Country
Figure 4. North America – PEST Analysis
Figure 5. Ecosystem Analysis
Figure 6. Expert Opinion
Figure 7. GDP Growth Rate of North America and Forecast
Figure 8. Percentage of Mergers & Acquisitions across Selected End-Users, 2017 (%)
Figure 9. North America Testing, Inspection & Certification Market Impact Analysis of Driver and Restraints
Figure 10. North America Testing, Inspection & Certification Market Forecast and Analysis
Figure 11. North America Testing, Inspection & Certification Market Breakdown, By Sourcing Type, 2018 & 2027 (%)
Figure 12. North America In-House Service Market Revenue and Forecasts to 2027 (US$ Bn)
Figure 13. North America Outsourced Services Revenue and Forecasts to 2027 (US$ Bn)
Figure 14. North America Testing, Inspection & Certification Market Breakdown, By Service Type, 2018 & 2027 (%)
Figure 15. North America Testing Market Revenue and Forecasts to 2027 (US$ Bn)
Figure 16. North America Inspection Revenue and Forecasts to 2027 (US$ Bn)
Figure 17. North America Certification Revenue and Forecasts to 2027 (US$ Bn)
Figure 18. North America Testing, Inspection & Certification Market Breakdown, By End-User, 2018 & 2027 (%)
Figure 19. North America Food & Beverage Market Revenue and Forecasts to 2027 (US$ Bn)
Figure 20. North America Healthcare & Pharmaceutical Revenue and Forecasts to 2027 (US$ Bn)
Figure 21. North America Consumer Goods & Retail Revenue and Forecasts to 2027 (US$ Bn)
Figure 22. North America Energy & Power Revenue and Forecasts to 2027 (US$ Bn)
Figure 23. North America Manufacturing & Construction Market Revenue and Forecasts to 2027 (US$ Bn)
Figure 24. North America Others Revenue and Forecasts to 2027 (US$ Bn)
Figure 25. North America Testing, Inspection & Certification Market Breakdown by Key Countries, 2018 & 2027(%)
Figure 26. U.S. Testing, Inspection & Certification Market Revenue and Forecasts to 2027 (US$ Bn)
Figure 27. Canada Testing, Inspection & Certification Market Revenue and Forecasts to 2027 (US$ Bn)
Figure 28. Mexico 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 North America 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 North America 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 North America 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.