Testing, Inspection, and Certification Market - Segmented by Type of Service, Sourcing Type, End User, and Region - Growth, Trends, and Forecast (2018 - 2023)

Testing, Inspection, and Certification Market - Segmented by Type of Service, Sourcing Type, End User, and Region - Growth, Trends, and Forecast (2018 - 2023)

The Testing, Inspection and Certification Market is expected to register a CAGR of over 4.86% during the forecast period 2018 - 2023. The report profiles the TIC service providers offering testing, inspection, and certification services for various industries.

Globalization, digitalization, and growing consumer awareness about product quality, environmental protection, data security, and social responsibility are major factors driving the testing, inspection, and certification market. Stringent government regulations in the light of environment safety support the need for Testing, Inspection, and Certification (TIC) services across regions. Robust demand for consumer goods, cars, and the growing construction industry in markets (like European Union, Asia-Pacific), which are heavy users of TIC services are expected to fuel the growth of the market. Growth from sectors, like Agro-Food, Power and Utilities, Chemicals, Metals and Minerals are also expected to contribute to the growth of the TIC market.

Detox campaigns, such as Greenpeace’s ZDHC (Zero Discharge of Hazardous Chemicals) campaign across Europe and America, which is aimed at reducing the usage of hazardous material chemical substances used in textile industry (second largest polluter of fresh water worldwide) are estimated to have a huge impact on the work of TIC service providers. The need for safeguarding the brand image by avoiding mishaps. TIC companies are anticipating new opportunities arising from the digital revolution resulting in the rise of digital assets and ramping up their service offerings to guide the customers through the process. Significant investments in acquiring smaller TIC firms was evident during 2017, by established companies, like Eurofins, etc.

Increasing Adoption of Outsourcing Services

TIC is characterized as a non-core business for any organization across industries. Traditionally, the organizations have been depending on reliable sources for testing, inspection, and certification of their products and services considering the cost savings benefit of outsourcing the process. In the light of increasing regulations across regions with respect to energy efficiency, human and environment safety, the burden of performing these activities is estimated to increase further leading to deployment of highly sensitive technical equipment. For instance, Industry 4.0 transformation, which is expected to strengthen needs in terms of data management and cyber security impacts not only the players in the value chain, but also TIC companies. The stringent regulations from government and regulatory bodies across regions are, therefore, expected to influence the organizations to migrate to outsource these services.

Europe is Expected to Occupy a Substantial Share in the Market

Owing to the regulations imposed with respect to the food certification, energy efficiency in construction business, etc., the TIC market in the regions is expected to grow during the forecast period. Europe, one among the biggest importer and exporter of food globally, has agreed on a series of trade agreements regarding sanitary and phytosanitary measures with countries outside the European Union, in 2017. As part of their “Clean Energy for All Europeans package”, the European commission updated the Energy Performance of Buildings Directive. This update was intended to promote the use of smart technology in buildings. These regulations not only impact the technology firms but also benefits the TIC firms, thus contributing to the growth of the market.  Increasing aid from the EU government on the construction industry growth also contributes to the growth of the market.

Key Developments in the Market

  • Jun 2018: Bureau Veritas, a key player in the TIC market introduced highly sophisticated analytical services for “Residues & Contaminants” in food and beverage samples. The service was rolled out considering the recent government regulations focused on the safety of foods. The company has employed internationally accepted screening and quantitative methods for the detection and proper quantification of several food hazards at their Food and Water Testing Laboratory, Dubai
  • Feb 2018: Eurofins Food Safety Systems (EFSS) partnered with Orion Assessment Services to expand auditing and certification services throughout Canada. This partnership is in line with the company’s strategy of regional partnership agreements similar to the ones in Chile and New Zealand.
Major Players: Intertek Group plc, SGS S.A., Bureau Veritas S. A., Underwriters Laboratories (UL), DNV GL, Eurofins, Dekra Certification GmbH, ALS Limited, ASTM International, BSI Group, SAI Global Limited, MISTRAS Group, Inc. Exova Group, TUV Nord Group, and TUV SUD, among others.

Reasons to Purchase this Report:
  • Analysis of various perspectives of the market with the help of Porter’s five forces analysis
  • The segments that are expected to dominate the market
  • Regional analysis of the market during the forecast period
  • Latest developments, market shares, and strategies employed by the major market players and key innovators
  • 3-month analyst support, along with the Market Estimate sheet (in excel)


1. Introduction   
1.1 Key Study Deliverables  
 1.2 Market Definition
 1.3 Study Assumptions
 2. Research Methodology   
 3. Executive Summary   
 4. Market Insights   
  4.1 Market Overview
  4.2 Industry Attractiveness-Porter's Five Forces Model   
  4.2.1 Bargaining Power of Suppliers
  4.2.2 Bargaining Power of the Consumers
  4.2.3Threat of New Entrants
  4.2.4 Threat of Substitutes
  4.2.5 Intensity of Competitive Rivalry  
5. Market Dynamics   
5.1 Testing, Inspection and Certification Market Drivers  
  5.1.1 Growing Export Regulations (in the Lines of Quality and Environment Safety)
  5.1.2 High Emphasis on Energy Efficient and Environmentally-safe Products and Services
  5.1.3 Globalization and Digitalization
5.2 Testing, Inspection, and Certification Market Challenges
5.2.1 Slow Growth in the Oil and Gas Projects
6. Global Testing, Inspection, and Certification Market - Segmentation  
  6.1 By Type of Service
  6.1.1 Testing Service
  6.1.2 Inspection Service
  6.1.3 Certification Service
6.2 By Sourcing Type
  6.2.1 In-house
  6.2.2 Outsourced
6.3 By End User
  6.3.1 Construction and Engineering
  6.3.2 Chemicals
  6.3.3 Energy and Commodities (Oil and Gas, Power)
     6.3.4 Food and Healthcare
  6.3.5 Transportation
  6.3.6 Products and Retail (Machine Tools, Information Communication Technology, IoT)
  6.3.7 Other End Users (Supply Chain and logistics)
  6.4 By Geography
  6.4.1 North America
6.4.1.1 United States
6.4.1.2 Canada
  6.4.2 Europe
6.4.2.1 United Kingdom
6.4.2.2 Germany
6.4.2.3 France
     6.4.2.4 Rest of Europe (Poland, Switzerland, Italy)
  6.4.3 Asia-Pacific
6.4.3.1 China
6.4.3.2 Japan
   6.4.3.3 South Korea
6.4.3.4 India
6.4.3.5 Rest of Asia-Pacific
  6.4.4 Rest of the World (Israel, Mexico, Brazil, GCC, etc.)
7. Competitive Intelligence - Key Vendor Profiles 
  7.1 Intertek Group plc
  7.2 SGS S.A.
  7.3 Bureau Veritas S. A.
   7.4 Underwriters Laboratories (UL)
  7.5 DNV GL
  7.6 Eurofins
  7.7 Dekra Certification GmbH (Germany) 
  7.8 ALS Limited (Australia) 
  7.9 ASTM International (United States) 
  7.10 BSI Group (United Kingdom) 
  7.11 SAI Global Limited (Australia) 
  7.12 MISTRAS Group, Inc. (United States) 
  7.13 Exova Group
  7.14 TUV Nord Group
  7.15 TUV SUD
  *List not exhaustive
8. Investment Scenario 
9. Future of the Testing, Inspection, and Certification Market

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