North America Testing, Inspection and Certification (TIC) Market Share

Market Share of North America Testing, Inspection and Certification (TIC) Industry

The North America Testing, Inspection, and Certification (TIC) Market is moderately growing with major players like SGS SA, Intertek Group Plc, Bureau Veritas, TUV SUD, and Applus Services, SA, among others. Moreover, Testing, Inspection, and Certification (TIC) are used in various industries to provide vendors with growth opportunities. Players in the market are adopting strategies such as partnerships, innovations, mergers, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

In November 2022, TUV Rheinland acquired a specialist inspection and verification company Inspection Verification Bureau Ltd (IVB). IVB would provide independent and specialist inspection and verification services to the global gas, renewable energy, oil, and power industries. The acquisition would further strengthen TUV Rheinland'sposition as a full-service provider to the industry with complimentary services, particularly in the voluntary inspection services sector.

In January 2022, SGS announced its collaboration with Microsoft to advance the advanced data solutions and productivity platforms to develop innovative solutions for testing, inspection, and certification for its customers in industries. In addition, the companies aim to personalize the customer experience with the help of IoT and artificial intelligence.

North America TIC Market Leaders

1. SGS SA

2. Intertek Group PLC

3. Bureau Veritas​

4. TUV SUD

5. Applus Services, SA

*Disclaimer: Major Players sorted in no particular order