Testing, Inspection and Certification Market Statistics 2027
The global Testing, Inspection and Certification (TIC) market size is projected to reach US$ 148780 million by 2027, from US$ 107160 million in 2020, at a CAGR of 4.8% during the forecast period 2021-2027.
Companies provide inspection, verification, testing and certification services and related support functions such as auditing, consulting and training. The purpose of these services is to increase productivity, help local manufacturers meet global standards, manage risk, and improve the quality, safety and compliance of a company’s products and services.
The global Testing, Inspection and Certification (TIC) key players include SGS, Bureau Veritas, Eurofins Scientific, Intertek, Dekra, TUV SUD, TÜV Rheinland, Applus, DNV GL and ALS Global, etc. Global top five players hold a share of about 15%.
The primary role of testing, inspection, and certification is to ensure the maintenance of the health, safety, and quality requirements products. Testing, inspection, and certification companies are engaged in inspection, verification, testing and certification services to help increase productivity and also help local manufacturers comply with the global standards.
This report focuses on the status of global testing, inspection and certification, future outlook, opportunities for development, key industry, and key players. The study goals are to address the production of research, inspection, and qualification in the USA, Europe, and China.
Based on our recent survey, we have several different scenarios about the Testing, Inspection, and Certification Services Market growth rate for 2021
Testing, Inspection and Certification Market Trends
Rising global demand for materials, products, systems, and processes regulation; ever-increasing trade flows; global integration of supply chains; and increased corporate outsourcing of R&D activities as well as quality assurance work to third parties have driven the TIC industry's long-term expansion.
Agriculture and the food industries are founded on the principles of health and sustainability, and it is very important to track these principles closely. In order to guarantee quality and improve the productivity of food products, TIC services are required for the agricultural industry. These programs also help companies that play a crucial role in trading agricultural goods and food products through the acquisition of foreign certifications. This application of TIC in the agriculture and food industry is expected to increase the
TIC market size.
Augmented reality, next-generation automation, blockchain, mobile devices, big data and analytics, cloud and cybersecurity, and smart sensors are many innovations that play an important role in delivering better TIC services. Additionally, intelligent sensors embedded in the products for remote monitoring and inspection. This capability leads to continuous safety and security tests, which can further assist in predictive maintenance. The increasing implementation of the latest technology is expected to impact the TIC market size.
The implementation of renewable energy generation projects will also improve the demand for Testing, Inspection, and Certification (TIC) market.
Following the recent COVID-19 outbreak, the market for testing, inspection, and certification plays a critical role in ensuring that the goods and services provided to consumers, especially in the healthcare sector, meet the fundamental criteria for safety and health. The TIC council has advised the respective countries to continue to provide the TIC services for workplace plant and machinery health.
Testing, Inspection and Certification Market Share Analysis
Europe holds the largest TIC market share for revenue, which accounts for over 38.51 % in 2017. North America is in second place with a market share of 27.38 % for sales.
Asia-Pacific holds a significant TIC market share for sale, which accounts for over 22%. The Asia Pacific area is characterized by a large number of populations having improved purchasing power, continuous automation investments, and growing policy emphasis on strict TIC services regulations. It is also anticipated that substantially expanded deployment of renewable energy generation projects would fuel demand for market monitoring, inspection, and certification services.
SGS Group, Bureau Veritas, Dekra Certification, Intertek, TUV SUD, Eurofins Scientific, DNV, TUV Rheinland, UL LLC, ALS Limited, and TUV Nord Group is the top player in the industry, they together with 39.36% market share.
Major Players in the Testing, Inspection and Certification Industry
- 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
- Others
Testing, Inspection and Certification Market by Type
- Mandatory Testing, Inspection and Certification Services
- Market Testing, Inspection and Certification Services
Testing, Inspection and Certification Market by Application
- Food
- Energy
- Consumer Goods
- Automotive
- Manufacturing
- Infrastructure and Railways
- Others
Testing, Inspection and Certification Market by Region
- United States
- Europe
- China
- Japan
- Southeast Asia
- India
- Central & South America
Scope of the Testing, Inspection and Certification Market Report
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Report Metric
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Details
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Report Name
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Testing, Inspection and Certification Market
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The market size value in 2020
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107160 Million
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The revenue forecast in 2027
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148780 Million
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Forecast Period 2021 to 2027 CAGR
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4.8%
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Base year considered
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2019
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Historical Data for
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2021-2027
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Forecast units
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Value (USD)
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Segments covered
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Type, End-User, Offerings, and Region
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Market BY Type
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Mandatory Testing, Inspection and Certification Services, Market Testing, Inspection and Certification ServicesIn-House, Outsourced
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Market BY Application
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Food, Energy, Consumer Goods, Automotive, Manufacturing, Infrastructure and Railways, Others
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Frequently Asked Questions About This Report
1. What are the market drivers in the global testing, inspection and certification market?
Ans. Rising global demand for materials, products, systems, and processes regulation; ever-increasing trade flows; global integration of supply chains; and increased corporate outsourcing of R&D activities as well as quality assurance work to third parties have driven the TIC industry's long-term expansion.
2. Which region dominated in the global testing, inspection and certification market share?
Ans. Europe holds the largest testing, inspection and certification market share for revenue, which accounts for over 38.51 % in 2017. North America is in second place with a market share of 27.38 % for sales.
3. What would be the forecast period in the testing, inspection and certification market report?
Ans. The forecast period for the testing, inspection and certification market is 2021 to 2027
4. What will be the global testing, inspection and certification market size from 2020 to 2027?
Ans. The global Testing, Inspection and Certification (TIC) market size is projected to reach US$ 148780 million by 2027, from US$ 107160 million in 2020, at a CAGR of 4.8% during 2021-2027.
5. Who are the top companies hold the market share in the testing, inspection and certification market?
Ans. The major vendors operating in the testing, inspection, and certification market include SGS Group, Bureau Veritas, Dekra Certification, Intertek, TUV SUD, Eurofins Scientific, DNV, TUV Rheinland, UL LLC, ALS Limited, and TUV Nord Group is the top player in the industry, they together with 39.36% market share.
