Testing, Inspection and Certification Market Size Report, Trends and Analysis-2027

Testing, Inspection and Certification Market Size and Forecasts (2019 - 2027), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Service Type (Testing, Inspection, Certification); by Sourcing Type (In-House and Outsourced); by Industry (Consumer Goods, Agriculture, Pharmaceuticals, Chemical, Oil and Gas, Others), and by Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00004293
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 150
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The Testing, Inspection and Certification market is estimated to grow from US$ 252.30 billion in 2019 to US$ 379.89 billion by 2027; it is projected to grow at a CAGR of 5.2% from 2019 to 2027.

Analyst Perspective:

The Testing, Inspection and Certification market has grown significantly. Factors including the increasing demand from businesses and organizations to ensure secure and effective Testing, Inspection and Certification processes drive the growth of the Testing, Inspection and Certification market

Market Overview:

Testing, Inspection and Certification (TIC) services encompass various offerings, including auditing, inspection, testing, verification, quality assurance, and certification for different products and equipment. These services enhance production efficiency and mitigate risks by minimizing errors. TIC services find applications across multiple sectors, such as oil and gas, food, pharmaceuticals, and chemical industries. Testing is a systematic approach to evaluating a product or service against established standards. It involves a series of inspections to determine if the item meets the required criteria. These inspections cover various aspects such as performance, reliability, durability, and safety. Inspection, on the other hand, is the careful examination of goods, processes, or services to ensure compliance with rules and guidelines. This stage ensures that the product or service meets the set quality standards. Inspections can occur at various stages of the production process, from raw materials to the final product. Independent third-party organizations often conduct certification procedures. Customers and stakeholders trust certified products or services due to their reliability, safety, and quality. Certifications cover various topics, including product performance requirements, worker health and safety, and environmental sustainability.

The rising demand from businesses for reliable and efficient Testing, Inspection and Certification (TIC) practices drives the growth of the Testing, Inspection and Certification market. Implementing secure and effective testing and inspection procedures allows companies to uphold the highest quality standards, ensuring enhanced productivity and efficiency. Leveraging TIC practices, businesses can tailor their supply chain operations to meet their specific requirements, streamlining their overall business processes.

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Testing, Inspection and Certification Market: Strategic Insights

Testing, Inspection and Certification Market

  • CAGR (2019 - 2027)
    5.2%
  • Market Size 2019
    US$ 252.3 Billion
  • Market Size 2027
    US$ 379.89 Billion

Market Dynamics

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OPPORTUNITIES
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Key Players

  • Eurofins Scientific
  • Applus Services
  • ALS Limited
  • DEKRA Automobil GmbH
  • TUV SUD AG
  • TUV Rheinland AG
  • SGS SA
  • Bureau Veritas SA
  • Intertek Group plc

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Service Type
  • Testing
  • Inspection
  • Certification
Sourcing Type
  • In-House and Outsourced
Industry
  • Consumer Goods
  • Agriculture
  • Pharmaceuticals
  • Chemical
  • Oil and Gas
  • Others
Geography
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South and Central America
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Driver:

Increasing Urbanization and Construction Industry to Drive Growth of The Testing, Inspection and Certification Market

The increasing urbanization and construction industry are significant factors driving the growth of Testing, Inspection and Certification. As urban populations grow, there is a higher demand for new construction projects, including housing, commercial buildings, and infrastructure. This demand leads to increased construction activities, which drives the need for Testing, Inspection and Certification services to ensure compliance with quality and safety standards.

Moreover, the construction industry is crucial in aiding rapid urbanization by providing the necessary infrastructure. Expanding urban and suburban areas requires more homes and structures, fueling the demand for construction services. As a result, businesses in the construction industry need to engage in TIC practices to ensure the quality, safety, and compliance of their projects.

Segmentation and Scope:

The "Testing, Inspection and Certification Market" is segmented based on service type, sourcing type, industry, and geography. Based on the service type, the Testing, Inspection and Certification market is segmented by Testing, Inspection and Certification. The Testing, Inspection and Certification market is segmented into in-house and outsourced based on the sourcing type. Based on industry, the Testing, Inspection and Certification market is segmented into consumer goods, agriculture, pharmaceuticals, chemicals, oil and gas, and others. The Testing, Inspection and Certification market is segmented based on geography into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Segmental Analysis:

The Testing, Inspection and Certification market is segmented into in-house and outsourced based on sourcing type. The in-house segment holds a significant market share in the Testing, Inspection and Certification market. Implementing in-house testing and inspection methods allows companies to effectively carry out practical TIC (Testing, Inspection and Certification) activities. This is made possible by having on-site resources and the ability to recruit skilled personnel and establish customized practices tailored to the company's specific needs and preferences. Additionally, deploying in-house TIC teams provides enhanced control and a more comprehensive understanding of business operations, offering organizational advantages. Conducting testing and inspection in-house allows companies to have greater control over the process and ensures that it aligns with their specific requirements and standards. The availability of advanced testing and inspection technologies has made it more feasible for companies to conduct these activities in-house, leading to increased adoption.

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Segmental Analysis:
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Regional Analysis:

The European region in the Testing, Inspection and Certification market is poised to experience significant growth in the foreseeable future. This growth is attributed to the robust automotive industries in Germany and France, which necessitate efficient testing and inspection systems within their respective companies. Moreover, numerous fashion brands, consumer goods manufacturers, and retail corporations in countries like Italy and the U.K. further contribute to the expansion and development of the region's Testing, Inspection and Certification market.

In July 2022, UL LLC, a global leader in safety certification services, announced its acquisition of Method Park. Method Park, a German company specializing in software solutions, process engineering, training, and advisory services for automotive, aerospace, and medical industries, has now become part of UL LLC. This strategic acquisition strengthens UL LLC's capabilities in assisting customers in driving innovation, implementing adequate safety measures, and ensuring compliance with regulatory standards, thereby supporting their business transformation endeavors.

Key Player Analysis:

The Testing, Inspection and Certification market analysis consists of players such as SGS S.A., Bureau Veritas, Intertek Group plc, Eurofins Scientific, DEKRA SE, TÜV SÜD, DNV GL, TÜV RHEINLAND, Applus+, and ALS, are among the vital Testing, Inspection and Certification market players profiled in the report.

Recent Developments:

 

Inorganic and organic strategies such as mergers and acquisitions, new product launches, expansion, and diversification are highly adopted by companies in the Testing, Inspection and Certification market. A few recent key developments in the Testing, Inspection and Certification market are listed below: 

  • In August 2023, SGS announced the expansion of its Textile Exchange product certification services into the Indian market. This expansion aims to provide comprehensive certification solutions for manufacturers, retailers, and buyers in the textile and footwear industry. The expanded services now include certifications for recycled content (RCS) and organic content (OCS), as well as responsible sourcing of down (RDS) and animal fibers (RAF). With strategically positioned laboratories throughout India, SGS is now well-equipped to assist organizations in effectively meeting their sustainable sourcing objectives.
  • In April 2023, Intertek acquired Controle Analítico, a prominent Brazilian environmental testing company with expertise in water analysis. This strategic acquisition allows Intertek to enhance its environmental testing capabilities in Brazil, complementing its current food and agri-business services portfolio. The integration of Controle Analítico aligns with Intertek's unwavering dedication to delivering exceptional quality, safety, and sustainability solutions to its clients.
  • In December 2023, ALS completed the acquisition of the ExplorTech Division of Earthlabs Inc., previously known as GoldSpot Discoveries Corp. This strategic acquisition bolsters ALS's presence in the environmental testing and consulting sector. The addition of ExplorTech's specialized knowledge in geochemistry, metallurgy, and ecological analysis aligns seamlessly with ALS's existing capabilities. Integrating these resources is anticipated to strengthen ALS's capacity to deliver comprehensive services to clients in various industries, including mining, energy, and environmental management. This acquisition further solidifies ALS's commitment to providing exceptional solutions and expertise to meet the evolving needs of its clientele.
  • In February 2022, Applus+, a multinational firm specializing in Testing, Inspection and Certification, revealed its acquisition of Lightship Security, Inc., a renowned provider of product certification services in North America. This strategic move aligns with Applus+ Laboratories' mission to enhance its expertise in crucial technologies and capabilities. By integrating Lightship Security, Applus+ aims to support clients in better navigating the global technological transformation driven by energy transition, electrification, and connectivity. This acquisition strengthens Applus+'s position as a leading player in the industry and enables them to provide comprehensive solutions to meet the evolving needs of their clients.
  • In August 2023, ALS Limited, one of the global leaders in Testing, Inspection and Certification, announced the acquisition of the Proanaliz Group of Laboratories, a food testing group based in Antalye, Türkiye. The group’s strong technical team and excellent reputation help make it the country’s market leader in pesticide testing. With satellite labs strategically located in the municipalities of Kumluca, Alasehir, Demre, and Fethiye, the group’s proximity to Turkish agricultural producers has enabled it to provide clients with exceptional turnaround times of hours rather than days.
  • In June 2023, Applus+, a global leader in the Testing, Inspection and Certification (TIC) sector, announced the acquisition of the entire share capital of Rescoll, a leading material testing and R&D technological partner based in France.
  • In May 2022, Bureau Veritas, a world leader in Testing, Inspection and Certification (TIC) services, announced the opening of its third U.S. microbiology laboratory in Reno, Nevada. The new laboratory offers rapid pathogen testing as well as microbiology indicator analyses to ensure the safety of food and agriculture commodities.

Testing, Inspection and Certification Market Report Scope

Report Attribute Details
Market size in 2019 US$ 252.3 Billion
Market Size by 2027 US$ 379.89 Billion
Global CAGR (2019 - 2027) 5.2%
Historical Data 2017-2018
Forecast period 2020-2027
Segments Covered By Service Type
  • Testing
  • Inspection
  • Certification
By Sourcing Type
  • In-House and Outsourced
By Industry
  • Consumer Goods
  • Agriculture
  • Pharmaceuticals
  • Chemical
  • Oil and Gas
  • Others
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Eurofins Scientific
  • Applus Services
  • ALS Limited
  • DEKRA Automobil GmbH
  • TUV SUD AG
  • TUV Rheinland AG
  • SGS SA
  • Bureau Veritas SA
  • Intertek Group plc
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Service Type, Sourcing Type, and Industry

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    The List of Companies - Testing Inspection and Certification Market

    1. Eurofins Scientific
    2. Applus Services
    3. ALS Limited
    4. DEKRA Automobil GmbH
    5. TUV SUD AG
    6. TUV Rheinland AG
    7. SGS SA
    8. Bureau Veritas SA
    9. Intertek Group plc
    10. DNV GL AS

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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