Product Code: A09890
According to a new report published by Allied Market Research, titled, "Testing, Inspection and Certification Market," The testing, inspection and certification market was valued at $226.8 billion in 2022, and is estimated to reach $407.2 billion by 2032, growing at a CAGR of 6.3% from 2023 to 2032.
TIC services are important in many different industries; they are used in food, pharmaceuticals, agronomy, oil and gas, and more. For example, TIC services are essential in the oil and gas industry to verify the safety and integrity of facilities, pipelines, and equipment. Within the agricultural sector, TIC facilitates the use of quality controls in farming operations, guaranteeing dependability and security of output. Similarly, in the pharmaceutical industry, quality and safety regulations must be followed to the letter, which makes TIC a crucial component of the production and distribution processes. In general, TIC services contribute to overall assurance of quality and safety in goods and services by supporting operational excellence, regulatory compliance, and risk reduction across a wide range of sectors.
The TIC market is segmented on the basis of service type, sourcing type, application, and industry vertical. By service type, the market is divided into testing, inspection, and certification. By sourcing type, the market is bifurcated into in-house, and outsource. By application, the market is divided into quality and safety, production evaluation, industrial inspection, system certification, and others. By industry vertical, the market is analyzed across agro, food, pharmaceuticals, chemical, oil and gas, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries.
In the coming years, there will be further advancements in technology due to innovative efforts and the entry of various stakeholders from developing countries. The competitive advantages of TIC services have also been described in the report. To understand the market movement, drivers, restraints, and opportunities have been explained in the report. Furthermore, the key strategies adopted by the potential market leaders to facilitate effective planning have also been discussed under the scope of the report.
The key players profiled in the TIC market include: ABS, ALS Limited, ASTM International, BSI, Bureau Veritas S.A., DEKRA, DNV, Intertek Group PLC, ISO, Lloyds Register Group Limited (LR), SGS S.A., and TUV SUD AG. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaboration, to enhance their market penetration.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the testing, inspection and certification market analysis from 2022 to 2032 to identify the prevailing testing, inspection and certification market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the testing, inspection and certification market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global testing, inspection and certification market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Supply Chain Analysis & Vendor Margins
- Go To Market Strategy
- Regulatory Guidelines
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Average Selling Price Analysis / Price Point Analysis
- Criss-cross segment analysis- market size and forecast
- Historic market data
- Market share analysis of players at global/region/country level
- Volume Market Size and Forecast
Key Market Segments
By Service Type
- Testing
- Inspection
- Certification
By Sourcing Type
By Application
- Quality and Safety
- Production Evaluation
- Industrial Inspection
- System Certification
- Others
By Industry Vertical
- Agro
- Food
- Pharmaceuticals
- Chemical
- Oil and Gas
- Others
By Region
- North America
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- ASTM International
- TUV SUD AG.
- DNV
- Dekra
- BSI
- ABS
- Intertek Group plc
- Lloyd's Register Group Limited (LR)
- ALS Limted
- Bureau Veritas S.A.
- ISO
- SGS S.A.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Moderate bargaining power of suppliers
- 3.3.2. Moderate threat of new entrants
- 3.3.3. Moderate threat of substitutes
- 3.3.4. Moderate intensity of rivalry
- 3.3.5. Moderate bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Increase in focus of manufacturing companies to improve customer retention by offering quality products
- 3.4.1.2. Surge in demand for interoperability testing for connected devices and IoT
- 3.4.1.3. Technological Advancements and Digitalization
- 3.4.2. Restraints
- 3.4.2.1. High cost of TIC services due to diverse standards and regulations across different geographies
- 3.4.3. Opportunities
- 3.4.3.1. Digital transformation of customer services
- 3.5. Patent Landscape
CHAPTER 4: TESTING, INSPECTION AND CERTIFICATION MARKET, BY SERVICE TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Testing
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Inspection
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Certification
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
CHAPTER 5: TESTING, INSPECTION AND CERTIFICATION MARKET, BY SOURCING TYPE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. In House
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Outsource
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: TESTING, INSPECTION AND CERTIFICATION MARKET, BY APPLICATION
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Quality and Safety
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Production Evaluation
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Industrial Inspection
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. System Certification
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
- 6.6. Others
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
CHAPTER 7: TESTING, INSPECTION AND CERTIFICATION MARKET, BY INDUSTRY VERTICAL
- 7.1. Overview
- 7.1.1. Market size and forecast
- 7.2. Agro
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
- 7.3. Food
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
- 7.4. Pharmaceuticals
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country
- 7.5. Chemical
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by region
- 7.5.3. Market share analysis by country
- 7.6. Oil and Gas
- 7.6.1. Key market trends, growth factors and opportunities
- 7.6.2. Market size and forecast, by region
- 7.6.3. Market share analysis by country
- 7.7. Others
- 7.7.1. Key market trends, growth factors and opportunities
- 7.7.2. Market size and forecast, by region
- 7.7.3. Market share analysis by country
CHAPTER 8: TESTING, INSPECTION AND CERTIFICATION MARKET, BY REGION
- 8.1. Overview
- 8.1.1. Market size and forecast By Region
- 8.2. North America
- 8.2.1. Key market trends, growth factors and opportunities
- 8.2.2. Market size and forecast, by Service Type
- 8.2.3. Market size and forecast, by Sourcing Type
- 8.2.4. Market size and forecast, by Application
- 8.2.5. Market size and forecast, by Industry Vertical
- 8.2.6. Market size and forecast, by country
- 8.2.6.1. U.S.
- 8.2.6.1.1. Market size and forecast, by Service Type
- 8.2.6.1.2. Market size and forecast, by Sourcing Type
- 8.2.6.1.3. Market size and forecast, by Application
- 8.2.6.1.4. Market size and forecast, by Industry Vertical
- 8.2.6.2. Canada
- 8.2.6.2.1. Market size and forecast, by Service Type
- 8.2.6.2.2. Market size and forecast, by Sourcing Type
- 8.2.6.2.3. Market size and forecast, by Application
- 8.2.6.2.4. Market size and forecast, by Industry Vertical
- 8.2.6.3. Mexico
- 8.2.6.3.1. Market size and forecast, by Service Type
- 8.2.6.3.2. Market size and forecast, by Sourcing Type
- 8.2.6.3.3. Market size and forecast, by Application
- 8.2.6.3.4. Market size and forecast, by Industry Vertical
- 8.3. Europe
- 8.3.1. Key market trends, growth factors and opportunities
- 8.3.2. Market size and forecast, by Service Type
- 8.3.3. Market size and forecast, by Sourcing Type
- 8.3.4. Market size and forecast, by Application
- 8.3.5. Market size and forecast, by Industry Vertical
- 8.3.6. Market size and forecast, by country
- 8.3.6.1. UK
- 8.3.6.1.1. Market size and forecast, by Service Type
- 8.3.6.1.2. Market size and forecast, by Sourcing Type
- 8.3.6.1.3. Market size and forecast, by Application
- 8.3.6.1.4. Market size and forecast, by Industry Vertical
- 8.3.6.2. Germany
- 8.3.6.2.1. Market size and forecast, by Service Type
- 8.3.6.2.2. Market size and forecast, by Sourcing Type
- 8.3.6.2.3. Market size and forecast, by Application
- 8.3.6.2.4. Market size and forecast, by Industry Vertical
- 8.3.6.3. France
- 8.3.6.3.1. Market size and forecast, by Service Type
- 8.3.6.3.2. Market size and forecast, by Sourcing Type
- 8.3.6.3.3. Market size and forecast, by Application
- 8.3.6.3.4. Market size and forecast, by Industry Vertical
- 8.3.6.4. Rest of Europe
- 8.3.6.4.1. Market size and forecast, by Service Type
- 8.3.6.4.2. Market size and forecast, by Sourcing Type
- 8.3.6.4.3. Market size and forecast, by Application
- 8.3.6.4.4. Market size and forecast, by Industry Vertical
- 8.4. Asia-Pacific
- 8.4.1. Key market trends, growth factors and opportunities
- 8.4.2. Market size and forecast, by Service Type
- 8.4.3. Market size and forecast, by Sourcing Type
- 8.4.4. Market size and forecast, by Application
- 8.4.5. Market size and forecast, by Industry Vertical
- 8.4.6. Market size and forecast, by country
- 8.4.6.1. China
- 8.4.6.1.1. Market size and forecast, by Service Type
- 8.4.6.1.2. Market size and forecast, by Sourcing Type
- 8.4.6.1.3. Market size and forecast, by Application
- 8.4.6.1.4. Market size and forecast, by Industry Vertical
- 8.4.6.2. Japan
- 8.4.6.2.1. Market size and forecast, by Service Type
- 8.4.6.2.2. Market size and forecast, by Sourcing Type
- 8.4.6.2.3. Market size and forecast, by Application
- 8.4.6.2.4. Market size and forecast, by Industry Vertical
- 8.4.6.3. India
- 8.4.6.3.1. Market size and forecast, by Service Type
- 8.4.6.3.2. Market size and forecast, by Sourcing Type
- 8.4.6.3.3. Market size and forecast, by Application
- 8.4.6.3.4. Market size and forecast, by Industry Vertical
- 8.4.6.4. South Korea
- 8.4.6.4.1. Market size and forecast, by Service Type
- 8.4.6.4.2. Market size and forecast, by Sourcing Type
- 8.4.6.4.3. Market size and forecast, by Application
- 8.4.6.4.4. Market size and forecast, by Industry Vertical
- 8.4.6.5. Rest of Asia-Pacific
- 8.4.6.5.1. Market size and forecast, by Service Type
- 8.4.6.5.2. Market size and forecast, by Sourcing Type
- 8.4.6.5.3. Market size and forecast, by Application
- 8.4.6.5.4. Market size and forecast, by Industry Vertical
- 8.5. LAMEA
- 8.5.1. Key market trends, growth factors and opportunities
- 8.5.2. Market size and forecast, by Service Type
- 8.5.3. Market size and forecast, by Sourcing Type
- 8.5.4. Market size and forecast, by Application
- 8.5.5. Market size and forecast, by Industry Vertical
- 8.5.6. Market size and forecast, by country
- 8.5.6.1. Latin America
- 8.5.6.1.1. Market size and forecast, by Service Type
- 8.5.6.1.2. Market size and forecast, by Sourcing Type
- 8.5.6.1.3. Market size and forecast, by Application
- 8.5.6.1.4. Market size and forecast, by Industry Vertical
- 8.5.6.2. Middle East
- 8.5.6.2.1. Market size and forecast, by Service Type
- 8.5.6.2.2. Market size and forecast, by Sourcing Type
- 8.5.6.2.3. Market size and forecast, by Application
- 8.5.6.2.4. Market size and forecast, by Industry Vertical
- 8.5.6.3. Africa
- 8.5.6.3.1. Market size and forecast, by Service Type
- 8.5.6.3.2. Market size and forecast, by Sourcing Type
- 8.5.6.3.3. Market size and forecast, by Application
- 8.5.6.3.4. Market size and forecast, by Industry Vertical
CHAPTER 9: COMPETITIVE LANDSCAPE
- 9.1. Introduction
- 9.2. Top winning strategies
- 9.3. Product mapping of top 10 player
- 9.4. Competitive dashboard
- 9.5. Competitive heatmap
- 9.6. Top player positioning, 2022
CHAPTER 10: COMPANY PROFILES
- 10.1. ABS
- 10.1.1. Company overview
- 10.1.2. Key executives
- 10.1.3. Company snapshot
- 10.1.4. Operating business segments
- 10.1.5. Product portfolio
- 10.1.6. Key strategic moves and developments
- 10.2. ALS Limted
- 10.2.1. Company overview
- 10.2.2. Key executives
- 10.2.3. Company snapshot
- 10.2.4. Operating business segments
- 10.2.5. Product portfolio
- 10.2.6. Business performance
- 10.2.7. Key strategic moves and developments
- 10.3. ASTM International
- 10.3.1. Company overview
- 10.3.2. Key executives
- 10.3.3. Company snapshot
- 10.3.4. Operating business segments
- 10.3.5. Product portfolio
- 10.3.6. Key strategic moves and developments
- 10.4. BSI
- 10.4.1. Company overview
- 10.4.2. Key executives
- 10.4.3. Company snapshot
- 10.4.4. Operating business segments
- 10.4.5. Product portfolio
- 10.4.6. Business performance
- 10.4.7. Key strategic moves and developments
- 10.5. Bureau Veritas S.A.
- 10.5.1. Company overview
- 10.5.2. Key executives
- 10.5.3. Company snapshot
- 10.5.4. Operating business segments
- 10.5.5. Product portfolio
- 10.5.6. Business performance
- 10.6. Dekra
- 10.6.1. Company overview
- 10.6.2. Key executives
- 10.6.3. Company snapshot
- 10.6.4. Operating business segments
- 10.6.5. Product portfolio
- 10.6.6. Business performance
- 10.7. DNV
- 10.7.1. Company overview
- 10.7.2. Key executives
- 10.7.3. Company snapshot
- 10.7.4. Operating business segments
- 10.7.5. Product portfolio
- 10.7.6. Business performance
- 10.7.7. Key strategic moves and developments
- 10.8. Intertek Group plc
- 10.8.1. Company overview
- 10.8.2. Key executives
- 10.8.3. Company snapshot
- 10.8.4. Operating business segments
- 10.8.5. Product portfolio
- 10.8.6. Business performance
- 10.8.7. Key strategic moves and developments
- 10.9. ISO
- 10.9.1. Company overview
- 10.9.2. Key executives
- 10.9.3. Company snapshot
- 10.9.4. Operating business segments
- 10.9.5. Product portfolio
- 10.10. Lloyd's Register Group Limited (LR)
- 10.10.1. Company overview
- 10.10.2. Key executives
- 10.10.3. Company snapshot
- 10.10.4. Operating business segments
- 10.10.5. Product portfolio
- 10.10.6. Key strategic moves and developments
- 10.11. SGS S.A.
- 10.11.1. Company overview
- 10.11.2. Key executives
- 10.11.3. Company snapshot
- 10.11.4. Operating business segments
- 10.11.5. Product portfolio
- 10.11.6. Business performance
- 10.11.7. Key strategic moves and developments
- 10.12. TUV SUD AG.
- 10.12.1. Company overview
- 10.12.2. Key executives
- 10.12.3. Company snapshot
- 10.12.4. Operating business segments
- 10.12.5. Product portfolio
- 10.12.6. Business performance
- 10.12.7. Key strategic moves and developments