Testing, Inspection, & Certification Market by Service (Certification, Inspection, Testing), Source (In-House, Outsourced), Industry Coverage - Global Forecast 2024-2030
Description
Testing, Inspection, & Certification Market by Service (Certification, Inspection, Testing), Source (In-House, Outsourced), Industry Coverage - Global Forecast 2024-2030
The Testing, Inspection, & Certification Market size was estimated at USD 239.71 billion in 2023 and expected to reach USD 257.07 billion in 2024, at a CAGR 7.78% to reach USD 405.11 billion by 2030.
Global Testing, Inspection, & Certification MarketTesting, inspection, and certification (TIC) include various services to assess and verify the quality, safety, compliance, and performance of products, systems, processes, and services. TIC providers offer expertise in evaluating various parameters, including product functionality, performance, durability, safety, regulatory compliance, and environmental impact. Increasing stringent regulations across various industries, such as manufacturing, healthcare, automotive, aerospace, and food safety, drive the demand for TIC services. The expansion of international trade and globalization has created a need for TIC services to ensure that products meet the regulatory requirements of different countries. The high cost of TIC services, as they are resource-intensive that involve complex testing procedures, inspections, and audits, hampers the market growth. The ongoing digital transformation across industries presents opportunities for TIC companies to offer digital solutions such as remote inspections, virtual audits, and data analytics.
Regional Insights
Growing regulatory requirements and quality assurance needs are expanding the scope of TIC services in the Americas, APAC, and Europe. The Americas region has a complex regulatory landscape with varying requirements across countries and industries. The U.S. Food and Drug Administration (FDA), Occupational Safety and Health Administration (OSHA), and Environmental Protection Agency (EPA) are some of the regulatory authorities in the region that introduce rules and regulations associated with the manufacturing, commercialization, and usage of several products and services. The expanding industrial sectors, such as manufacturing, automotive, electronics, healthcare, and construction, contribute to the increasing demand for TIC services in Asia-Pacific to ensure compliance with quality, safety, and environmental standards. The increasing adoption of advanced and novel technologies such as 5G, the Internet of Things (IoT), artificial intelligence (AI), and robotics in the Americas and Europe is expected to expand the adoption of TIC services for software testing, conformity assessment, and validation of emerging technologies.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Testing, Inspection, & Certification Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Testing, Inspection, & Certification Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Testing, Inspection, & Certification Market, highlighting leading vendors and their innovative profiles. These include ALS Limited, Applus Services SA, ATIC (Guangzhou) Co., Ltd., Avomeen Analytical Services Inc., Boston Consulting Group, Bureau Veritas SA, CESI S.p.A, Combined Selection Group Ltd., CSA Group, Dekra SE, DNV GL AS, Element Materials Technology Group Limited, Eurofins Scientific SE, Industrial and Financial Systems, Intertek Group PLC, Irving Knight Group Ltd., Kiwa NV, LabWare, Inc., Medistri SA, Mistras Group, Inc., National Technical Systems, Inc., Riverside Company, Sector & Segment Group Limited, SGS SA, Spinnsol, Super.AI Inc., TUV Nord AG, TUV Rheinland Group, TÜV SÜD, and UL LLC.
Market Segmentation & Coverage
This research report categorizes the Testing, Inspection, & Certification Market to forecast the revenues and analyze trends in each of the following sub-markets:
Service
Certification
Inspection
Testing
Source
In-House
Outsourced
Industry Coverage
Agriculture & Food
Commodities
Fertilizers
Seed & Crop
Chemicals
Chemical Feedstocks Services
Finished Product Services
Construction & Infrastructure
Construction Machinery & Equipment Services
Facilities Management & Inspection Services
Material Services
Project Management
Consumer Goods & Retail
Electrical & Electronics
Hard Goods
Personal Care & Beauty Products
Softlines & Accessories
Toys & Juvenile Products
Energy & Power
Energy Sources
Alternative Fuels
Coal
Fuel Oils & Gases
Nuclear
Solar
Wind
Power Distribution
Power Generation
Industrial & Manufacturing
Production & Products Related Services
Projects Related Services
Suppliers Related Services
Medical & Life Science
Biopharmaceutical & Pharmaceutical Services
Clinical Services
Health, Beauty, & Wellness
Laboratory Services
Medical Devices
Mining
Analytical Service
Exploration Service
Inspection & Sampling Service
Metallurgy & Process Design
Production & Plant Services
Project Risk Assessment & Mitigation
Site Operations & Closure
Oil & Gas, and Petroleum
Biofuels & Feedstock
Downstream
Petrochemicals
Upstream
Public Sector
Monitoring Services
Product Conformity Assessment
Valuation Services
Supply Chain & Logistics
Packaging & Handling
Risk Management
Transportation
Aerospace & Defense
Aerospace
Airports
Aviation
Automotive
Electric Vehicles, Hybrid Electric Vehicles, and Battery Systems
Electrical Systems & Components
Fuels, Fluids, and Lubricants
Homologation Testing
Interior and Exterior Materials and Components
Telematics
Vehicle Inspection Services
Marine
Marine Fuel Systems & Component Services
Marine Materials & Equipment Services
Ship Classification Services
Rail
Rail Certification
Rail Inspection
Rail Testing
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom
The report offers valuable insights on the following aspects:
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
1. What is the market size and forecast of the Testing, Inspection, & Certification Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Testing, Inspection, & Certification Market?
3. What are the technology trends and regulatory frameworks in the Testing, Inspection, & Certification Market?
4. What is the market share of the leading vendors in the Testing, Inspection, & Certification Market?
5. Which modes and strategic moves are suitable for entering the Testing, Inspection, & Certification Market?
Note: PDF & Excel + Online Access - 1 Year
Table of Contents
196 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Testing, Inspection, & Certification Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Growing expansion of international trade owing to the globalization and digitalization
- 5.1.1.2. RIsing growth of the transportation and logistics sector
- 5.1.1.3. Increasing emphasis on quality, safety, and risk management across industries
- 5.1.2. Restraints
- 5.1.2.1. Concerns related to quality checks of complicated products
- 5.1.3. Opportunities
- 5.1.3.1. Introduction of technologically advanced testing, inspection, & certification solutions
- 5.1.3.2. Increased outsourcing of testing, inspection, & certification services
- 5.1.4. Challenges
- 5.1.4.1. Presence of fraud activities and limited availability of certified/trained inspectors
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework
- 6. Testing, Inspection, & Certification Market, by Service
- 6.1. Introduction
- 6.2. Certification
- 6.3. Inspection
- 6.4. Testing
- 7. Testing, Inspection, & Certification Market, by Source
- 7.1. Introduction
- 7.2. In-House
- 7.3. Outsourced
- 8. Testing, Inspection, & Certification Market, by Industry Coverage
- 8.1. Introduction
- 8.2. Agriculture & Food
- 8.3.1. Commodities
- 8.3.2. Fertilizers
- 8.3.3. Seed & Crop
- 8.3. Chemicals
- 8.4.1. Chemical Feedstocks Services
- 8.4.2. Finished Product Services
- 8.4. Construction & Infrastructure
- 8.5.1. Construction Machinery & Equipment Services
- 8.5.2. Facilities Management & Inspection Services
- 8.5.3. Material Services
- 8.5.4. Project Management
- 8.5. Consumer Goods & Retail
- 8.6.1. Electrical & Electronics
- 8.6.2. Hard Goods
- 8.6.3. Personal Care & Beauty Products
- 8.6.4. Softlines & Accessories
- 8.6.5. Toys & Juvenile Products
- 8.6. Energy & Power
- 8.7.1. Energy Sources
- 8.7.2.1. Alternative Fuels
- 8.7.2.2. Coal
- 8.7.2.3. Fuel Oils & Gases
- 8.7.2.4. Nuclear
- 8.7.2.5. Solar
- 8.7.2.6. Wind
- 8.7.2. Power Distribution
- 8.7.3. Power Generation
- 8.7. Industrial & Manufacturing
- 8.8.1. Production & Products Related Services
- 8.8.2. Projects Related Services
- 8.8.3. Suppliers Related Services
- 8.8. Medical & Life Science
- 8.9.1. Biopharmaceutical & Pharmaceutical Services
- 8.9.2. Clinical Services
- 8.9.3. Health, Beauty, & Wellness
- 8.9.4. Laboratory Services
- 8.9.5. Medical Devices
- 8.9. Mining
- 8.10.1. Analytical Service
- 8.10.2. Exploration Service
- 8.10.3. Inspection & Sampling Service
- 8.10.4. Metallurgy & Process Design
- 8.10.5. Production & Plant Services
- 8.10.6. Project Risk Assessment & Mitigation
- 8.10.7. Site Operations & Closure
- 8.10. Oil & Gas, and Petroleum
- 8.11.1. Biofuels & Feedstock
- 8.11.2. Downstream
- 8.11.3. Petrochemicals
- 8.11.4. Upstream
- 8.11. Public Sector
- 8.12.1. Monitoring Services
- 8.12.2. Product Conformity Assessment
- 8.12.3. Valuation Services
- 8.12. Supply Chain & Logistics
- 8.13.1. Packaging & Handling
- 8.13.2. Risk Management
- 8.13. Transportation
- 8.14.1. Aerospace & Defense
- 8.14.2.1. Aerospace
- 8.14.2.2. Airports
- 8.14.2.3. Aviation
- 8.14.2. Automotive
- 8.14.3.1. Electric Vehicles, Hybrid Electric Vehicles, and Battery Systems
- 8.14.3.2. Electrical Systems & Components
- 8.14.3.3. Fuels, Fluids, and Lubricants
- 8.14.3.4. Homologation Testing
- 8.14.3.5. Interior and Exterior Materials and Components
- 8.14.3.6. Telematics
- 8.14.3.7. Vehicle Inspection Services
- 8.14.3. Marine
- 8.14.4.1. Marine Fuel Systems & Component Services
- 8.14.4.2. Marine Materials & Equipment Services
- 8.14.4.3. Ship Classification Services
- 8.14.4. Rail
- 8.14.5.1. Rail Certification
- 8.14.5.2. Rail Inspection
- 8.14.5.3. Rail Testing
- 9. Americas Testing, Inspection, & Certification Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific Testing, Inspection, & Certification Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.10. South Korea
- 10.11. Taiwan
- 10.12. Thailand
- 10.13. Vietnam
- 11. Europe, Middle East & Africa Testing, Inspection, & Certification Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.10. Nigeria
- 11.11. Norway
- 11.12. Poland
- 11.13. Qatar
- 11.14. Russia
- 11.15. Saudi Arabia
- 11.16. South Africa
- 11.17. Spain
- 11.18. Sweden
- 11.19. Switzerland
- 11.20. Turkey
- 11.21. United Arab Emirates
- 11.22. United Kingdom
- 12. Competitive Landscape
- 12.1. FPNV Positioning Matrix
- 12.2. Market Share Analysis, By Key Player
- 12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Merger & Acquisition
- 12.3.1.1. RMA Announces the Acquisition of PRI.
- 12.3.1.2. Element Materials Technology Acquires National Technical Systems.
- 12.3.1.3. Acquisition of Galbraith Laboratories Inc., a U.S. Expert in Healthcare Analytical Testing Solutions.
- 12.3.2. Agreement, Collaboration, & Partnership
- 12.3.2.1. Cotecna and Tinamu Partner to Offer Smarter Digital Warehouse Inspections.
- 12.3.2.2. ASI LLC Joins Kiwa Group to Expand Food, Feed & Farm Certifications in the United States.
- 12.3.3. New Product Launch & Enhancement
- 12.3.3.1. KKR Forms New Test and Inspection Platform.
- 12.3.3.2. Element Launches Matter Testing for Smart Home Devices.
- 12.3.3.3. ACTS Launches A Comprehensive Car Inspection Program Across The Gulf Countries.
- 12.3.3.4. CTI Launches New Product & Material Certification Program.
- 12.3.4. Investment & Funding
- 12.3.4.1. Oakley Capital Invests in TICC Platform, Phenna Group.
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.1.1. ALS Limited
- 13.1.2. Applus Services SA
- 13.1.3. ATIC (Guangzhou) Co., Ltd.
- 13.1.4. Avomeen Analytical Services Inc.
- 13.1.5. Boston Consulting Group
- 13.1.6. Bureau Veritas SA
- 13.1.7. CESI S.p.A
- 13.1.8. Combined Selection Group Ltd.
- 13.1.9. CSA Group
- 13.1.10. Dekra SE
- 13.1.11. DNV GL AS
- 13.1.12. Element Materials Technology Group Limited
- 13.1.13. Eurofins Scientific SE
- 13.1.14. Industrial and Financial Systems
- 13.1.15. Intertek Group PLC
- 13.1.16. Irving Knight Group Ltd.
- 13.1.17. Kiwa NV
- 13.1.18. LabWare, Inc.
- 13.1.19. Medistri SA
- 13.1.20. Mistras Group, Inc.
- 13.1.21. National Technical Systems, Inc.
- 13.1.22. Riverside Company
- 13.1.23. Sector & Segment Group Limited
- 13.1.24. SGS SA
- 13.1.25. Spinnsol
- 13.1.26. Super.AI Inc.
- 13.1.27. TUV Nord AG
- 13.1.28. TUV Rheinland Group
- 13.1.29. TÜV SÜD
- 13.1.30. UL LLC
- 13.2. Key Product Portfolio
- 14. Appendix
- 14.1. Discussion Guide
- 14.2. License & Pricing
- FIGURE 1. TESTING, INSPECTION, & CERTIFICATION MARKET RESEARCH PROCESS
- FIGURE 2. TESTING, INSPECTION, & CERTIFICATION MARKET SIZE, 2023 VS 2030
- FIGURE 3. TESTING, INSPECTION, & CERTIFICATION MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. TESTING, INSPECTION, & CERTIFICATION MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. TESTING, INSPECTION, & CERTIFICATION MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. TESTING, INSPECTION, & CERTIFICATION MARKET DYNAMICS
- FIGURE 7. TESTING, INSPECTION, & CERTIFICATION MARKET SIZE, BY SERVICE, 2023 VS 2030 (%)
- FIGURE 8. TESTING, INSPECTION, & CERTIFICATION MARKET SIZE, BY SERVICE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. TESTING, INSPECTION, & CERTIFICATION MARKET SIZE, BY SOURCE, 2023 VS 2030 (%)
- FIGURE 10. TESTING, INSPECTION, & CERTIFICATION MARKET SIZE, BY SOURCE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. TESTING, INSPECTION, & CERTIFICATION MARKET SIZE, BY INDUSTRY COVERAGE, 2023 VS 2030 (%)
- FIGURE 12. TESTING, INSPECTION, & CERTIFICATION MARKET SIZE, BY INDUSTRY COVERAGE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. AMERICAS TESTING, INSPECTION, & CERTIFICATION MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 14. AMERICAS TESTING, INSPECTION, & CERTIFICATION MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. UNITED STATES TESTING, INSPECTION, & CERTIFICATION MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 16. UNITED STATES TESTING, INSPECTION, & CERTIFICATION MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. ASIA-PACIFIC TESTING, INSPECTION, & CERTIFICATION MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 18. ASIA-PACIFIC TESTING, INSPECTION, & CERTIFICATION MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. EUROPE, MIDDLE EAST & AFRICA TESTING, INSPECTION, & CERTIFICATION MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 20. EUROPE, MIDDLE EAST & AFRICA TESTING, INSPECTION, & CERTIFICATION MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. TESTING, INSPECTION, & CERTIFICATION MARKET, FPNV POSITIONING MATRIX, 2023
- FIGURE 22. TESTING, INSPECTION, & CERTIFICATION MARKET SHARE, BY KEY PLAYER, 2023
Pricing
Currency Rates
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