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APAC Testing, Inspection and Certification Market Size, Trends and Growth opportunity, By Service Type (Certification, Inspection, Testing), By Source (Outsourced, In-house), By End User (Healthcare & Pharmaceutical, Food & Beverages, Consumer Good & Reta

Publisher QualiKet Research
Published Feb 11, 2023
Length 121 Pages
SKU # QUA17762609

Description

APAC Testing, Inspection, and Certification Market Size, Trends, and Growth Opportunity By Service Type (Certification, Inspection, Testing), By Source (Outsourced, In-house), By End User (Healthcare & Pharmaceutical, Food & Beverages, Consumer Good & Retail, Energy & Power, Manufacturing & Construction, Others), Regional Outlook, Competitive Market Share, & Forecast, till 2022–2027.

APAC Testing, Inspection, and Certification Market

The APAC Testing, Inspection, and Certification Market (TIC) was valued at USD 85.45 billion in 2021 and is expected to reach USD 138.50 billion by 2027, at a CAGR of 8.08% from 2022–2027.

Testing, Inspection, and Certification consist of conformity assessment bodies that provide different services, such as testing, verification, auditing & inspection, quality assurance, and certification. In the building & construction industry, different types of Testing, Inspection, and Certification services are used, including acoustics testing, fire safety testing, engineering support, heat pump testing, structural testing, indoor environment testing, and wind load testing. They help in providing durability to the products & services.

Market Drivers

Rising outsources of APAC testing, inspection, and certification functions and ever-tightening regulations are the key factors which boost the demand for testing, inspection, and certification services soon. As per the estimations, approximately 40% of the market is currently outsourced, while the remaining TIC services are carried out in-house.

Growing outsourcing activities and the privatisation of state-owned laboratories will continue to be strong drivers of growth. The progression of technological advancement and the popularity of IOT will have a positive impact on market growth. Furthermore, the emphasis on reducing equipment and machinery downtime will boost demand for maintenance, testing, and inspection of critical assets and systems.

Market Restraints

Lack of globally accepted standards is one of the key restraining factors impacting the expansion of the APAC testing, inspection, and certification market. Many countries have their own set of standards. This factor influences the decision-making of the manufacturer or producer whether to export or not to a given specific country. Standards and regulations vary between various types of products & services. Meeting the international standards often results in an increased cost, as it is likely to lead to the redesign of a particular product or service. For instance, environmental regulations regarding the type and amount of packaging used for products are projected to be stricter in some countries as compared to others. However, different standards and regulation of various countries is the challenging factor which is expected to hinder the APAC testing, inspection, and Certification Market Growth.

Market Segmentation

The APAC Testing, Inspection, and Certification Market is segmented by service type, source, end user, and region. Based on service type, the Asia-Pacific testing, inspection, and certification market is segmented into testing, inspection, and certification. The testing segment is expected to dominate the market because of its ability to maintain safety measurements that can maintain the efficiency of the products and services.

Regional Analysis

The APAC Testing, Inspection, and Certification Market is categorised into various countries such as China, Japan, South Korea, India, Thailand, Taiwan, Indonesia, Singapore, the Philippines, Vietnam, Australia, Hong Kong, Malaysia, and New Zealand. In the Asia-Pacific region, China dominates due to the huge growth of the construction industry.

Market Key Players

Various key players are discussed in the APAC Testing, Inspection, and Certification Market Report, including: ALS Limited, Applus Services, SA, Bureau Veritas, DEKRA Automobil GmbH, DNV GL, Eurofins Group, Intertek Group plc, SGS SA, TÜV Rheinland AG, Singapore Test Lab Pte Ltd, and Others.

Market Taxonomy

By Service Type
  • Certification
  • Inspection
  • Testing
By Source
  • Outsourced
  • In-house
By End User
  • Healthcare & Pharmaceutical
  • Food & Beverages
  • Consumer Goods & Retail
  • Energy & Power
  • Manufacturing & Construction
  • Others
By Country
  • China
  • Japan
  • India
  • Taiwan
  • Thailand
  • South Korea
  • Indonesia
  • Singapore
  • Philippines
  • Vietnam
  • Hong Kong
  • Malaysia
  • Australia
  • New Zealand

Table of Contents

121 Pages
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 APAC Testing, Inspection, and Certification Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 APAC Testing, Inspection, and Certification Market, By Service Type
5.1 Y-o-Y Growth Comparison, By Service Type
5.2 APAC Testing, Inspection, and Certification Market Share Analysis, By Service Type
5.3 APAC Testing, Inspection, and Certification Market Size and Forecast, By Service Type
5.3.1 Certification
5.3.2 Inspection
5.3.3 Testing
6 Global Testing, Inspection, and Certification Market, By Source
6.1 Y-o-Y Growth Comparison, By Source
6.2 APAC Testing, Inspection, and Certification Market Share Analysis, By Source
6.3 APAC Testing, Inspection, and Certification Market Size and Forecast, By Source
6.3.1 Outsourced
6.3.2 In- House
7 APAC Testing, Inspection, and Certification Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 APAC Testing, Inspection, and Certification Market Share Analysis, By End User
7.3 APAC Testing, Inspection, and Certification Market Size and Forecast, By End User
7.3.1 Healthcare & Pharmaceutical
7.3.2 Food & Beverages
7.3.3 Consumer Goods and Retail
7.3.4 Energy & Power
7.3.5 Manufacturing & Construction
7.3.6 Others
8 Testing, Inspection, and Certification Market, By Region
8.1 Testing, Inspection, and Certification Market Share Analysis, By APAC
8.2 Testing, Inspection, and Certification Market Share Analysis, By APAC
8.3 Testing, Inspection, and Certification Market Size and Forecast, By APAC
9 APAC Testing, Inspection, and Certification Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 APAC Testing, Inspection, and Certification Market Share Analysis, By Service Type
9.3 APAC Testing, Inspection, and Certification Market Size and Forecast, By Source
9.4 APAC Testing, Inspection, and Certification Market Size and Forecast, By End User
9.5 APAC Testing, Inspection, and Certification Market Size and Forecast, By Country
9.5.1 China
9.5.2 Japan
9.5.3 India
9.5.4 Taiwan
9.5.5 Thailand
9.5.6 South Korea
9.5.7 Indonesia
9.5.8 Singapore
9.5.9 Philippines
9.5.10 Vietnam
9.5.11 Hong Kong
9.5.12 Malaysia
9.5.13 Australia
9.5.14 New Zealand
10 Competitive Analysis
10.1 Competition Dashboard
10.1 Competition Dashboard
10.2 Market share Analysis of Top Vendors
10.3 Key Development Strategies
11 Company Profiles
11.1 ALS Limited
11.1.1 Overview
11.1.2 Offerings
11.1.3 Key Financials
11.1.4 Business Segment & Geographic Overview
11.1.5 Key Market Developments
11.1.6 Key Strategies
11.2 Applus Services SA
11.2.1 Overview
11.2.2 Offerings
11.2.3 Key Financials
11.2.4 Business Segment & Geographic Overview
11.2.5 Key Market Developments
11.2.6 Key Strategies
11.3 Bureau Veritas
11.3.1 Overview
11.3.2 Offerings
11.3.3 Key Financials
11.3.4 Business Segment & Geographic Overview
11.3.5 Key Market Developments
11.3.6 Key Strategies
11.4 DEKRA Automobil GmbH
11.4.1 Overview
11.4.2 Offerings
11.4.3 Key Financials
11.4.4 Business Segment & Geographic Overview
11.4.5 Key Market Developments
11.4.6 Key Strategies
11.5 DNV GL
11.5.1 Overview
11.5.2 Offerings
11.5.3 Key Financials
11.5.4 Business Segment & Geographic Overview
11.5.5 Key Market Developments
11.5.6 Key Strategies
11.6 Eurofins Group
11.6.1 Overview
11.6.2 Offerings
11.6.3 Key Financials
11.6.4 Business Segment & Geographic Overview
11.6.5 Key Market Developments
11.6.6 Key Strategies
11.7 Intertek Group plc
11.7.1 Overview
11.7.2 Offerings
11.7.3 Key Financials
11.7.4 Business Segment & Geographic Overview
11.7.5 Key Market Developments
11.7.6 Key Strategies
11.8 SGS SA
11.8.1 Overview
11.8.2 Offerings
11.8.3 Key Financials
11.8.4 Business Segment & Geographic Overview
11.8.5 Key Market Developments
11.8.6 Key Strategies
11.9 TÜV Rheinland AG
11.9.1 Overview
11.9.2 Offerings
11.9.3 Key Financials
11.9.4 Business Segment & Geographic Overview
11.9.5 Key Market Developments
11.9.6 Key Strategies
11.10 Singapore Test Lab Pte Ltd.
11.10.1 Overview
11.10.2 Offerings
11.10.3 Key Financials
11.10.4 Business Segment & Geographic Overview
11.10.5 Key Market Developments
11.10.6 Key Strategies

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