Global Testing, Inspection, And Certification Market Size is valued at USD 236.1 Billion in 2024 and is predicted to reach USD 370.2 Billion by the year 2034 at a 4.7% CAGR during the forecast period for 2025-2034.
Testing, inspection, and certification (TIC) market expansion is encouraged by the growing demand from businesses and companies to engage in safe and effective TIC processes. Companies must obey secure and efficient testing and inspection methods to uphold the highest quality standards, guarantee high output, and achieve maximum efficiency.
Using TIC techniques allows businesses to streamline procedures by customizing their supply chain activities to serve their needs and preferences. For instance, Temasek, a Singapore-based investment company specializing in restructuring, growth capital, and divestment deals, announced the acquisition of Element Materials Technology in January 2022. Element Materials Technology is a well-known testing, inspection, and certification (TIC) service supplier. The investment represents a big deal in the TIC sector and a critical turning point in the group's growth.
The Testing, Inspection, and Certification market is segmented based on service type, sourcing type, and application. The market is segmented as testing, inspection, and certification services based on service type. The sourcing type segment includes in-house sourcing and outsourcing. By application, the market is segmented into medical & life sciences, consumer goods & retail, agriculture, chemical, construction & Infrastructure, energy & power, mining, oil & gas, public sector, automotive, aerospace, marine, industrial & Manufacturing, rail, supply chain & logistics, IT & Telecom, and sports & entertainment.
The testing services category is expected to hold a major share in the global Testing, Inspection, and Certification market in 2024. Due to the extensive usage of testing procedures in the Manufacturing, automotive, energy & utilities, oil & gas, and petroleum industries, the testing segment constituted the biggest revenue share. Product testing in the real world helps businesses maintain high standards and satisfy client demands. This is encouraging businesses from various sectors to invest more in operational expenses for testing equipment, fostering market expansion. For instance, Wallace Instruments, one of the manufacturers of testing apparatus for the rubber industry, announced the release of the WAC11 Mk5 Compression Stress Relaxometer, the company's Compression Stress Relaxometer's fifth generation, in November 2022.
Due to an increase in inspection operations conducted by businesses in the segment, the consumer goods and retail sector has seen a significant increase in revenue share. To provide their clients with the highest quality products, consumer goods companies must adhere to a number of quality norms and requirements. This makes it easier to implement comprehensive inspection systems that are very effective, providing the market with development potential. Furthermore, retail businesses must ensure customers have access to the best products and customer experiences, which will further increase the penetration of TIC services and technologies and support market expansion.
Asia Pacific led the global market. Rising economic development in nations like China, India, Japan, and South Korea is to blame for the large income share. This has increased the region's Manufacturing and industrial activities, providing the TIC industry with growth potential. Additionally, Singapore's fast-growing AI technology ecosystem supports software and programmes in a variety of ways, which supports the expansion of testing and inspection services for the TIC sector.
|
Report Attribute |
Specifications |
|
Market size value in 2024 |
USD 236.1 Billion |
|
Revenue forecast in 2034 |
USD 370.2 Billion |
|
Growth rate CAGR |
CAGR of 4.7% from 2025 to 2034 |
|
Quantitative units |
Representation of revenue in US$ Mn, and CAGR from 2025 to 2034 |
|
Historic Year |
2021 to 2024 |
|
Forecast Year |
2025-2034 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
|
Segments covered |
Service Type, Sourcing Type, And Application |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
SGS Group, Bureau Veritas, Intertek, TUV Nord, TUV SUD, Eurofins Scientific, TUV Rheinland, DEKRA SE, DNV GL, Applus+, ALS Limited, Llyod’s Register Group, MISTRAS, Element Materials Technology, Apave International, UL LLC, IRClass, QR Testing, TIC Sera, Hohenstein. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Testing, Inspection and Certification (TIC) Market Snapshot
Chapter 4. Global Testing, Inspection and Certification (TIC) Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Service Type Estimates & Trend Analysis
5.1. by Service Type & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Service Type:
5.2.1. Testing Service
5.2.2. Inspection Service
5.2.3. Certification Service
5.2.4. Others
Chapter 6. Market Segmentation 2: by Sourcing Type Estimates & Trend Analysis
6.1. by Sourcing Type & Market Share, 2024 & 2034
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Sourcing Type:
6.2.1. In-House Sourcing
6.2.2. Outsourced Sourcing
Chapter 7. Market Segmentation 3: by Application Estimates & Trend Analysis
7.1. by Application & Market Share, 2024 & 2034
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Application:
7.2.1. Consumer Goods and Retail
7.2.2. Medical and Life Science
7.2.3. Agriculture and Food
7.2.4. Chemicals
7.2.5. Construction and Infrastructure
7.2.6. Energy and Power
7.2.7. Industrial and Manufacturing
7.2.8. Mining
7.2.9. Oil & Gas and Petroleum
7.2.10. Public Sector
7.2.11. Automotive
7.2.12. Aerospace
7.2.13. Marine
7.2.14. Rail
7.2.15. Supply Chain and Logistics
7.2.16. IT and Telecommunication
7.2.17. Sports and Entertainment
Chapter 8. Testing, Inspection and Certification (TIC) Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Testing, Inspection and Certification (TIC) Market Revenue (US$ Million) Estimates and Forecasts by Service Type, 2021-2034
8.1.2. North America Testing, Inspection and Certification (TIC) Market Revenue (US$ Million) Estimates and Forecasts by Sourcing Type, 2021-2034
8.1.3. North America Testing, Inspection and Certification (TIC) Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
8.1.4. North America Testing, Inspection and Certification (TIC) Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.2. Europe
8.2.1. Europe Testing, Inspection and Certification (TIC) Market Revenue (US$ Million) Estimates and Forecasts by Service Type, 2021-2034
8.2.2. Europe Testing, Inspection and Certification (TIC) Market Revenue (US$ Million) Estimates and Forecasts by Sourcing Type, 2021-2034
8.2.3. Europe Testing, Inspection and Certification (TIC) Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
8.2.4. Europe Testing, Inspection and Certification (TIC) Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.3. Asia Pacific
8.3.1. Asia Pacific Testing, Inspection and Certification (TIC) Market Revenue (US$ Million) Estimates and Forecasts by Service Type, 2021-2034
8.3.2. Asia Pacific Testing, Inspection and Certification (TIC) Market Revenue (US$ Million) Estimates and Forecasts by Sourcing Type, 2021-2034
8.3.3. Asia-Pacific Testing, Inspection and Certification (TIC) Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
8.3.4. Asia Pacific Testing, Inspection and Certification (TIC) Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.4. Latin America
8.4.1. Latin America Testing, Inspection and Certification (TIC) Market Revenue (US$ Million) Estimates and Forecasts by Service Type, 2021-2034
8.4.2. Latin America Testing, Inspection and Certification (TIC) Market Revenue (US$ Million) Estimates and Forecasts by Sourcing Type, 2021-2034
8.4.3. Latin America Testing, Inspection and Certification (TIC) Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
8.4.4. Latin America Testing, Inspection and Certification (TIC) Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.5. Middle East & Africa
8.5.1. Middle East & Africa Testing, Inspection and Certification (TIC) Market Revenue (US$ Million) Estimates and Forecasts by Service Type, 2021-2034
8.5.2. Middle East & Africa Testing, Inspection and Certification (TIC) Market Revenue (US$ Million) Estimates and Forecasts by Sourcing Type, 2021-2034
8.5.3. Middle East & Africa Testing, Inspection and Certification (TIC) Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
8.5.4. Middle East & Africa Testing, Inspection and Certification (TIC) Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. SGS Group
9.2.2. Bureau Veritas
9.2.3. Intertek
9.2.4. TUV Nord
9.2.5. TUV SUD
9.2.6. Eurofins Scientific
9.2.7. TUV Rheinland
9.2.8. DEKRA SE
9.2.9. DNV GL
9.2.10. Applus+
9.2.11. ALS Limited
9.2.12. Llyod’s Register Group
9.2.13. MISTRAS
9.2.14. Element Materials Technology
9.2.15. Apave International
9.2.16. UL LLC
9.2.17. IRClass
9.2.18. QR Testin
9.2.19. TIC Sera
9.2.20. Hohenstein
9.2.21. Other Prominent Players
Testing, Inspection, and Certification Market By Service Type-
Testing, Inspection, and Certification Market By Sourcing Type-
Testing, Inspection, and Certification Market By Application-
Testing, Inspection, and Certification Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
