Global Testing, Inspection & Certification (TIC) Market (by Service, Sourcing Type, Application, End-User & Region): Insights & Forecast with Potential Impact of COVID-19 (2020-2024)

Global Testing, Inspection & Certification (TIC) Market (by Service, Sourcing Type, Application, End-User & Region): Insights & Forecast with Potential Impact of COVID-19 (2020-2024)

The global testing, inspection and certification (TIC) market is forecasted to reach US$256.38 billion in 2024, witnessing growth at a CAGR of 5.70%, over the period 2020-2024. The factors such as rising focus on outsourcing, increasing implementation of renewable energy generation projects, rapid urbanization, escalating automotive production, growing demand for consumer electronics and surging globalization are expected to drive the market. A few notable trends include growing degree of automation, emerging digital technologies and stringent government regulations. However, the market would be challenged by trade barriers and lack of global certification standards.

The global TIC market has been segmented on the basis of service type, offering, application and end-users. In terms of service type, the global TIC market can be categorized Testing, Inspection and Certification services. On the basis of offering, the market can be divided into In-house and Outsourced services. According to application, the global TIC market can segmented into Industrial and Commercial applications. Whereas, the TIC market can be segmented into Consumer Goods & Retail, Agriculture & Food, Oil, Gas & Chemical, Automotive, Energy & Power and other end-users, in terms of end-users.

The fastest growing regional market is Europe due to increasing technological improvements in the automotive industry, rising focus on outsourcing of TIC services to various third-party service providers, growing demand for organic and processed food, growing trade of consumer products. Further, the sudden outbreak of COVID-19 is causing an adverse disruption in the business environment, affecting many of the TIC’S business areas, which is expected to negatively impact the growth of the global TIC market during the forecasted period.

Scope of the report:

  • The report provides a comprehensive analysis of the global TIC market segmented on the basis of service type, sourcing type, application, end-users and region.
  • The major regional and country markets (Europe, Asia Pacific, North America and Rest of the World) have been analyzed.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players (SGS SA, Bureau Veritas SA, Eurofins Scientific SE, Intertek Group plc, TÜV Rheinland Group and ALS Limited) are also presented in detail.
Key Target Audience:
  • Testing, Inspection & Certification Vendors
  • Traders, Importers, and Exporters
  • Raw Material Suppliers and Distributors
  • Industry Investors
  • Associations, Industrial and Government Bodies


1. Market Overview
1.1 Introduction
1.2 Major Testing, Inspection and Certification Services
Table 1: Major Testing, Inspection and Certification Services
1.3 Key Roles of Testing, Inspection & Certification (TIC)
Table 2: Key Roles of Testing, Inspection & Certification (TIC)
1.4 Types of Sourcing TIC Services
Table 3: Types of Sourcing TIC Services
1.5 End-Use Sectors of TIC Services
Table 4: End-Use Sectors of TIC Services
1.6 Application of TIC Services to the Whole Value Chain
Table 5: Application of TIC Services to the Whole Value Chain
1.7 Certification Procedure of a Product
Table 6: Certification Procedure of a Product
2. Impact of COVID-19
2.1 Economic Impact
Table 7: Breakdown of Direct and Indirect Costs of COVID-19 (2020)
2.2 Decline in Global GDP
Table 8: Global GDP (2005-2020)
2.3 Impact on TIC Sector
2.4 Most Impacted Industries by COVID-19
Table 9: Most Impacted Industries by COVID-19 (2020)
3. Global Market Analysis
3.1 Global TIC Market by Value
Table 10: Global TIC Market by Value (2015-2019)
3.2 Global TIC Market Forecast by Value
Table 11: Global TIC Market Forecast by Value (2020-2024)
3.3 Global TIC Market by Service Type
Table 12: Global TIC Market by Service Type (2019)
3.3.1 Global Testing Services Market by Value
Table 13: Global Testing Services Market by Value (2015-2019)
3.3.2 Global Testing Services Market Forecast by Value
Table 14: Global Testing Services Market Forecast by Value (2020-2024)
3.3.3 Global Inspection Services Market by Value
Table 15: Global Inspection Services Market by Value (2015-2019)
3.3.4 Global Inspection Services Market Forecast by Value
Table 16: Global Inspection Services Market Forecast by Value (2020-2024)
3.3.5 Global Certification Services Market by Value
Table 17: Global Certification Services Market by Value (2015-2019)
3.3.6 Global Certification Services Market Forecast by Value
Table 18: Global Certification Services Market Forecast by Value (2020-2024)
3.4 Global TIC Market by Sourcing Type
Table 19: Global TIC Market by Sourcing Type (2019)
3.4.1 Global In-house TIC Services Market by Value
Table 20: Global In-house TIC Services Market by Value (2015-2019)
3.4.2 Global In-house TIC Services Market Forecast by Value
Table 21: Global In-house TIC Services Market Forecast by Value (2020-2024)
3.4.3 Global Outsourced TIC Services Market by Value
Table 22: Global Outsourced TIC Services Market by Value (2015-2019)
3.4.4 Global Outsourced TIC Services Market Forecast by Value
Table 23: Global Outsourced TIC Services Market Forecast by Value (2020-2024)
3.5 Global TIC Market by Application
Table 24: Global TIC Market by Application (2019)
3.5.1 Global Industrial TIC Market by Value
Table 25: Global Industrial TIC Market by Value (2015-2019)
3.5.2 Global Industrial TIC Market Forecast by Value
Table 26: Global Industrial TIC Market Forecast by Value (2020-2024)
3.5.3 Global Commercial TIC Market by Value
Table 27: Global Commercial TIC Market by Value (2015-2019)
3.5.4 Global Commercial TIC Market Forecast by Value
Table 28: Global Commercial TIC Market Forecast by Value (2020-2024)
3.6 Global TIC Market by End-User
Table 29: Global TIC Market by End-Users (2019)
3.6.1 Global Consumer Goods & Retail TIC Market by Value
Table 30: Global Consumer Goods & Retail TIC Market by Value (2015-2019)
3.6.2 Global Consumer Goods & Retail TIC Market Forecast by Value
Table 31: Global Consumer Goods & Retail TIC Market Forecast by Value (2020-2024)
3.6.3 Global Agriculture & Food TIC Market by Value
Table 32: Global Agriculture & Food TIC Market by Value (2015-2019)
3.6.4 Global Agriculture & Food TIC Market Forecast by Value
Table 33: Global Agriculture & Food TIC Market Forecast by Value (2019-2024)
3.6.5 Global Oil, Gas & Chemical TIC Market by Value
Table 34: Global Oil, Gas & Chemical TIC Market by Value (2015-2019)
3.6.6 Global Oil, Gas & Chemical TIC Market Forecast by Value
Table 35: Global Oil, Gas & Chemical TIC Market Forecast by Value (2020-2024)
3.6.7 Global Automotive TIC Market by Value
Table 36: Global Automotive TIC Market by Value (2015-2019)
3.6.8 Global Automotive TIC Market Forecast by Value
Table 37: Global Automotive TIC Market Forecast by Value (2020-2024)
3.6.9 Global Energy & Power TIC Market by Value
Table 38: Global Energy & Power TIC Market by Value (2015-2019)
3.6.10 Global Energy & Power TIC Market Forecast by Value
Table 39: Global Energy & Power TIC Market Forecast by Value (2020-2024)
3.7 Global TIC Market by Region
Table 40: Global TIC Market by Region (2019)
4. Regional Market Analysis
4.1 Europe
4.1.1 Europe TIC Market by Value
Table 41: Europe TIC Market by Value (2015-2019)
4.1.2 Europe TIC Market Forecast by Value
Table 42: Europe TIC Market Forecast by Value (2020-2024)
4.1.3 Europe TIC Market by Service Type
Table 43: Europe TIC Market by Service Type (2019)
4.1.4 Europe Testing Services Market by Value
Table 44: Europe Testing Services Market Forecast by Value (2015-2019)
4.1.5 Europe Testing Services Market Forecast by Value
Table 45: Europe Testing Services Market Forecast by Value (2020-2024)
4.1.6 Europe Inspection Services Market by Value
Table 46: Europe Inspection Services Market by Value (2015-2019)
4.1.7 Europe Inspection Services Market Forecast by Value
Table 47: Europe Inspection Services Market Forecast by Value (2019-2024)
4.1.8 Europe Certification Services Market by Value
Table 48: Europe Certification Services Market by Value (2015-2019)
4.1.9 Europe Certification Services Market Forecast by Value
Table 49: Europe Certification Services Market Forecast by Value (2020-2024)
4.1.10 Europe TIC Market by Region
Table 50: Europe TIC Market by Region (2019)
4.1.11 The U.K. TIC Market by Value
Table 51: The U.K. TIC Market by Value (2015-2019)
4.1.12 The U.K. TIC Market Forecast by Value
Table 52: The U.K. TIC Market Forecast by Value (2019-2024)
4.1.13 Germany TIC Market by Value
Table 53: Germany TIC Market by Value (2015-2019)
4.1.14 Germany TIC Market Forecast by Value
Table 54: Germany TIC Market Forecast by Value (2020-2024)
4.2 Asia Pacific
4.2.1 Asia Pacific TIC Market by Value
Table 55: Asia Pacific TIC Market by Value (2015-2019)
4.2.2 Asia Pacific TIC Market Forecast by Value
Table 56: Asia Pacific TIC Market Forecast by Value (2020-2024)
4.2.3 China TIC Market by Value
Table 57: China TIC Market by Value (2015-2019)
4.2.4 China TIC Market Forecast by Value
Table 58: China TIC Market Forecast by Value (2020-2024)
4.3 North America
4.3.1 North America TIC Market by Value
Table 59: North America TIC Market by Value (2015-2019)
4.3.2 North America TIC Market Forecast by Value
Table 60: North America TIC Market Forecast by Value (2020-2024)
4.4 RoW
4.4.1 RoW TIC Market by Value
Table 61: RoW TIC Market by Value (2015-2019)
4.4.2 RoW TIC Market Forecast by Value
Table 62: RoW TIC Market Forecast by Value (2020-2024)
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Rising Focus on Outsourcing
Table 63: Global Outsourced Services Market (2012-2019)
5.1.2 Increasing Implementation of Renewable Energy Generation Projects
Table 64: Global Investment in Renewable Energy Sources (2012-2019)
5.1.3 Rapid Urbanization
Table 65: Global Urban Population (2014-2019)
5.1.4 Escalating Automotive Production
Table 66: Global Automotive Production Volume (2014-2019)
5.1.5 Growing Demand for Consumer Electronics
Table 67: Global Consumer Electronics Revenue (2017-2023)
5.1.6 Upsurge in Economic Growth
Table 68: Global GDP Per Capita (2014-2019)
5.1.7 Surging Globalization
5.2 Key Trends and Developments
5.2.1 Growing Degree of Automation
Table 69: Global Annual Supply of Industrial Robots (2014-2021)
5.2.2 Emerging Digital Technologies
5.2.3 Stringent Government Regulations
5.2.4 Product Recalls
5.3 Challenges
5.3.1 Trade Barriers
5.3.2 Lack of Global Certification Standards
6. Competitive Landscape
6.1 Global Market
6.1.1 Revenue Comparison of Key Players
Table 70: Revenue Comparison of Key Players (2019)
6.1.2 Market Capitalization Comparison of Key Players
Table 71: Market Capitalization Comparison of Key Players (2020)
6.1.3 Global TIC Market Share by Key Players
Table 72: Global TIC Market Share by Key Players (2019)
6.2 China
6.2.1 China TIC Market Share by Key Players
Table 73: China TIC Market Share by Key Players (2019)
7. Company Profiles
7.1 SGS SA
7.1.1 Business Overview
7.1.2 Financial Overview
Table 74: SGS SA Revenue and Profit (2015-2019)
Table 75: SGS SA Revenue by Segment (2019)
Table 76: SGS SA Revenue by Region (2019)
7.1.3 Business Strategies
7.2 Bureau Veritas SA
7.2.1 Business Overview
7.2.2 Financial Overview
Table 77: Bureau Veritas SA Revenue and Net Profit (2015-2019)
Table 78: Bureau Veritas SA Revenue by Segment (2019)
Table 79: Bureau Veritas SA Revenue by Region (2019)
7.2.3 Business Strategies
7.3 Eurofins Scientific SE
7.3.1 Business Overview
7.3.2 Financial Overview
Table 80: Eurofins Scientific SE Revenue and Net Profit (2015-2019)
Table 81: Eurofins Scientific SE Revenue by Region (2019)
7.3.3 Business Strategies
7.4 Intertek Group plc
7.4.1 Business Overview
7.4.2 Financial Overview
Table 82: Intertek Group plc Revenue and Profit (2015-2019)
Table 83: Intertek Group plc Revenue by Segment (2019)
Table 84: Intertek Group plc Revenue by Region (2019)
7.4.3 Business Strategies
7.5 TÜV Rheinland Group
7.5.1 Business Overview
7.5.2 Financial Overview
Table 85: TÜV Rheinland Group Revenue and Net Income (2015-2019)
Table 86: TÜV Rheinland Group Revenue by Segment (2019)
Table 87: TÜV Rheinland Group Revenue by Region (2019)
7.5.3 Business Strategies
7.6 ALS Limited
7.6.1 Business Overview
7.6.2 Financial Overview
Table 88: ALS Limited Revenue and Profit (2015-2019)
Table 89: ALS Limited Revenue by Segment (2019)
Table 90: ALS Limited Revenue by Region (2019)
7.6.3 Business Strategies

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