Americas Testing, Inspection And Certification Market Size (2024 - 2029)

The Americas Testing, Inspection, and Certification market is experiencing growth driven by the increasing demand for quality assurance in products and services. This market's expansion is influenced by the need for compliance with global standards, particularly in the manufacturing sector, where Good Manufacturing Practice regulations are paramount. The complexity of global supply chains and the rise of electrification in the automotive industry further underscore the importance of TIC services. These factors collectively contribute to the evolving market size, reflecting the growing necessity for rigorous testing, inspection, and certification processes across various industries in the Americas.

Market Size of Americas Testing, Inspection And Certification Industry

Americas Testing, Inspection And Certification Market Summary
Study Period 2019-2029
Base Year For Estimation 2023
Market Size (2024) USD 41.27 Billion
Market Size (2029) USD 58.76 Billion
CAGR (2024 - 2029) 7.32 %
Market Concentration Low

Major Players

Americas Testing, Inspection And Certification Market Major Players

*Disclaimer: Major Players sorted in no particular order

Americas Testing, Inspection & Certification Market Analysis

The Americas Testing, Inspection And Certification Market size is estimated at USD 41.27 billion in 2024, and is expected to reach USD 58.76 billion by 2029, growing at a CAGR of 7.32% during the forecast period (2024-2029).

The primary role of testing, inspection, and certification companies is to maintain the health, safety, and quality requirements of their clients’ products. Testing, inspection, and certification companies are engaged in inspection, verification, testing, and certification services to help increase productivity and help local manufacturers comply with global standards.

  • Quality infrastructure plays a vital role in business, innovation, and trade, both nationally and across borders. Quality infrastructure is the system put in place to ensure products and services are safe and of high quality. It covers everything from standardization and conformity assessment (testing, inspection, and certification) to accreditation, metrology, and market surveillance.
  • Moreover, with the growing manufacturing sector, there has been a significant rise in the concept of Good Manufacturing Practice (GMP) regulations enforced by the FDA. CGMP provides systems that ensure the proper design, monitoring, and control of manufacturing processes and facilities. Adherence to the CGMP regulations assures the identity, strength, quality, and purity of products by requiring that manufacturers of medications adequately control manufacturing operations, driving the role of the TIC market in the Americas region.
  • Consumers are required to be able to obtain accurate, unbiased information about the products and services they purchase, which enables them to make the best choices based on their interests and prevents them from being mistreated or misled by businesses. However, unfair trade practices that deceive and harm the consumer by offering low-quality products and making it difficult to discern have become increasingly intolerable in the Americas because they affect market efficiency and harm companies that respect the consumer, discouraging them from remaining in the market, or in some cases urging them to adopt the same practice.
  • Globalization of trade leads to a complex supply chain that can impact product quality. Therefore, TIC services are required at every stage of the supply chain to maintain the same. Due to rapid globalization, privatization of state-owned laboratories, and increasing standards of end-user efficiency, complex supply chains have posed major challenges to the TIC market.​
  • The transformation of the automotive industry post-pandemic toward electrification is fueling the demand for the TIC market. The United States is one of the largest markets for electric vehicles, and the country has also recorded rapid growth in EV sales in recent years. For instance, as per the United States Department of Energy, EV sales grew by 85% from 2020 to 2021, while sales of plug-in hybrid electric vehicles (PHEVs) more than doubled in 2021, with an increase of 138% over the previous year. Furthermore, as per Cox Automotive, a record 1.2 million EVs were sold in the United States in 2023.

Americas Testing, Inspection & Certification Industry Segmentation

The testing, inspection, and certification industry consists of conformity assessment bodies that offer services ranging from auditing and inspection to testing, verification, quality assurance, and certification.

The Americas testing, inspection, and certification market is segmented by service type (testing and inspection service, certification service), end-user industry (consumer products & retail, energy & power, automotive, oil & gas, mining, agriculture/food, chemical, building infrastructure/construction, industrial equipment [heavy equipment and machinery], transportation [aerospace and rail], and other end-user industries) and country (United States, Canada, Brazil, Mexico, Chile, Argentina, and the Rest of Americas). The market size and forecasts are provided in terms of value (USD) for all the above segments.

By Service Type
Testing and Inspection Service
Certification Service
By End-user Industry
Consumer Products and Retail
Energy and Power
Automotive
Oil and Gas
Mining
Agriculture/Food
Chemical
Building Infrastructure/Construction
Industrial Equipment (Heavy Equipment and Machinery)
Transportation (Aerospace and Rail)
Other End-user Industries
By Country
United States
Canada
Brazil
Mexico
Chile
Argentina
Rest of Americas
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Americas Testing, Inspection And Certification Market Size Summary

The Americas Testing, Inspection, and Certification (TIC) market is poised for significant growth, driven by the increasing demand for quality assurance and compliance across various industries. TIC companies play a crucial role in ensuring that products meet health, safety, and quality standards, thereby supporting local manufacturers in adhering to global regulations. The market is influenced by the expanding manufacturing sector and the enforcement of Good Manufacturing Practice (GMP) regulations, which are essential for maintaining the integrity of products. The complexity of global supply chains, exacerbated by rapid globalization and privatization, necessitates TIC services at every stage to ensure product quality. The automotive industry's shift towards electrification, particularly in the United States, further fuels the demand for TIC services, as the market adapts to the growing sales of electric vehicles.

In the Americas, the TIC market is characterized by a diverse range of end-user industries, including consumer goods, retail, and electronics, which are increasingly seeking quality assurance and compliance services. The COVID-19 pandemic has had mixed effects on the industry, but overall, it has heightened consumer awareness regarding quality and safety. The United States holds a dominant position in the TIC market, with significant contributions from the oil and gas, mining, and automotive sectors. The market is fragmented, with key players like TUV SUD, TUV Rheinland, Bureau Veritas SA, Intertek Group PLC, and Societe Generale De Surveillance SA (SGS SA) actively engaging in mergers and acquisitions to strengthen their market presence. Innovations such as digital portals and joint ventures in sectors like food safety and toy testing highlight the industry's commitment to enhancing service offerings and adapting to evolving market demands.

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Americas Testing, Inspection And Certification Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitutes

      5. 1.2.5 Degree of Competition

    3. 1.3 Impact of COVID-19 Aftereffects and Other Macroeconomic Factors on the Market

    4. 1.4 Product Cycle of TIC Industry

    5. 1.5 Analysis of Global TIC Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Service Type

      1. 2.1.1 Testing and Inspection Service

      2. 2.1.2 Certification Service

    2. 2.2 By End-user Industry

      1. 2.2.1 Consumer Products and Retail

      2. 2.2.2 Energy and Power

      3. 2.2.3 Automotive

      4. 2.2.4 Oil and Gas

      5. 2.2.5 Mining

      6. 2.2.6 Agriculture/Food

      7. 2.2.7 Chemical

      8. 2.2.8 Building Infrastructure/Construction

      9. 2.2.9 Industrial Equipment (Heavy Equipment and Machinery)

      10. 2.2.10 Transportation (Aerospace and Rail)

      11. 2.2.11 Other End-user Industries

    3. 2.3 By Country

      1. 2.3.1 United States

      2. 2.3.2 Canada

      3. 2.3.3 Brazil

      4. 2.3.4 Mexico

      5. 2.3.5 Chile

      6. 2.3.6 Argentina

      7. 2.3.7 Rest of Americas

Americas Testing, Inspection And Certification Market Size FAQs

The Americas Testing, Inspection And Certification Market size is expected to reach USD 41.27 billion in 2024 and grow at a CAGR of 7.32% to reach USD 58.76 billion by 2029.

In 2024, the Americas Testing, Inspection And Certification Market size is expected to reach USD 41.27 billion.

Americas Testing, Inspection & Certification Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)