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Testing, Inspection & Certification (TIC) Market

Detailed market report on the testing, inspection & certification (TIC) market, covering industry trends, size analysis from 2024 to 2029.

The Testing, Inspection, and Certification Market Report is Segmented by Service Type (Testing and Inspection Service and Certification Service), by Sourcing Type (Outsourced and In-House), by End-User Vertical (Consumer Goods and Retail, Food and Agriculture, Oil and Gas, Construction and Engineering, Energy and Chemicals, Manufacturing of Industrial Goods, Transportation (Rail and Aerospace), Industrial and Automotive, and Other End-User Verticals) and by Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

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Testing, Inspection, and Certification Market Size

Testing Inspection And Certification Market Summary
Study Period 2024 - 2029
Market Size (2024) USD 251.62 Billion
Market Size (2029) USD 316.27 Billion
CAGR (2024 - 2029) 4.68 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Testing Inspection And Certification Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Testing, Inspection, and Certification Market Analysis

The Testing, Inspection, And Certification Market size is estimated at USD 251.62 billion in 2024, and is expected to reach USD 316.27 billion by 2029, growing at a CAGR of 4.68% during the forecast period (2024-2029).

Testing involves the determination of one or more characteristics of an object or system according to a specific procedure. It is the process of evaluating the performance, functionality, reliability, and other relevant aspects of a product or system. Testing can be conducted in laboratories or on-site, and it helps identify any defects, weaknesses, or non-compliance with standards or requirements.

• Inspection entails scrutinizing a product's design, process, or installation to verify its adherence to defined standards. This process involves a detailed assessment of a product's physical characteristics, operational capabilities, and regulatory compliance. Inspections are pivotal and can occur at different junctures, such as during production, installation, or routine upkeep, guaranteeing alignment with requisite standards and guidelines.

• The global energy and power sector is currently experiencing a substantial transformation. This shift is primarily motivated by the imperatives of combating climate change, enhancing energy efficiency, and securing a sustainable future. In recent years, there has been a surge in investments in energy-efficient processes. This change can be attributed to various factors, including the need to reduce greenhouse gas emissions, decrease energy consumption, and lower operational costs. Energy-efficient processes encompass a wide range of technologies, such as advanced insulation, energy-efficient lighting systems, and high-efficiency HVAC systems.

• In recent years, the issue of environmental pollution has gained significant attention worldwide. One of the major contributors to this problem is the automotive sector, with vehicle emissions playing a crucial role.

• The primary reason for the growing emphasis on automotive emission testing and certification is the detrimental impact of vehicle emissions on the environment. Harmful pollutants like carbon monoxide, nitrogen oxides, and particulate matter contribute to air pollution and climate change. These pollutants not only degrade air quality but also contribute to the depletion of the ozone layer. By implementing stringent emission standards and testing procedures, governments aim to mitigate these environmental hazards.

• In recent years, the TIC market has witnessed a proliferation of regulations, standards, and certifications across various industries. This has resulted in a more complex and interconnected supply chain involving multiple stakeholders, suppliers, manufacturers, and distributors. Globalization has also amplified this complexity, with products being sourced from different regions, each subject to its regulations.

• In the current scenario, the macroeconomic situation remains volatile, and players continue to see macro trends such as high interest rates, inflation, fear of recession, and geopolitical tensions increasing in some parts of the world, which can impact industrial activities in the future and the demand for products in the TIC market. In April 2024, UN Trade and Development (UNCTAD) forecast global economic growth to slow down to 2.6%, marginally above the 2.5% threshold commonly associated with a recession, which would lower the market growth.

Testing, Inspection, and Certification Market Trends

Energy and Chemicals to be the Largest End-user Vertical

  • Given the potential hazards, safety stands as a top priority in the energy and chemicals sector. TIC services help verify compliance with safety regulations and industry standards. For instance, in the chemical industry, TIC ensures the integrity of pipelines, storage tanks, and drilling equipment, minimizing the risk of accidents. TIC helps evaluate the safety of manufacturing processes and handling hazardous substances.
  • TIC services are essential in maintaining product quality across the energy and chemicals segment. Through rigorous testing, inspection, and certification, TIC ensures that products meet the required standards. In the renewable energy sector, TIC verifies the performance and durability of solar panels, wind turbines, and energy storage systems. For chemical products, TIC helps assess purity, composition, and adherence to quality specifications.
  • In the energy and chemicals sector, sustainability and environmental responsibility are now pivotal. TIC services aid in assessing and minimizing the environmental impact of operations. Environmental testing helps identify pollutants and monitor air, water, and soil quality. TIC also supports compliance with environmental regulations, such as emissions control and waste management.
  • TIC services are crucial for maintaining product integrity and traceability across supply chains. This includes verifying the origin and quality of raw materials, conducting inspections at various stages of production, and certifying the final products for export or distribution.
  • Safety inspections are crucial in the energy and power sector to prevent accidents, protect workers, and maintain a safe working environment. These inspections involve assessing equipment, machinery, and infrastructure for potential hazards. Fire safety inspections, electrical safety audits, and gas leak detection are some of the safety inspections carried out to identify risks and implement corrective measures.
  • In November 2023, ScottishPower Renewables awarded DNV a three-year contract. DNV will provide integrated inspection services for the East Anglia Three project. The scope includes site inspections, vendor evaluations, and quality management services, spanning both project and vendor sites worldwide until 2026. As per the Managing Director for the East Anglia Hub, East Anglia Three is set to be the world’s second-largest wind farm when it comes into operation in 2026. It is anticipated to play a key role in enhancing the United Kingdom’s energy security and providing clean, renewable energy that would facilitate it to reach net zero.
  • As per the Global Energy Monitor report, in June 2024, China led the world with 129 operational wind farms, predominantly offshore. Following China, the countries with significant offshore wind farm presence include the United Kingdom, Germany, and Vietnam. The offshore setting benefits from stronger wind speeds, translating to increased electricity generation compared to onshore installations. SSRs are crucial in wind turbine control systems, facilitating blade pitch and yaw orientation adjustments. Their precise and reliable operation is vital for maximizing turbine performance and capturing wind energy efficiently.
Testing, Inspection, and Certification Market: Number of Offshore Wind Farms Operating, in Units, by Country, Global, as of June 2024

Asia Pacific to Register Major Growth

  • China is significantly investing in the market's growth. The country has become an attractive spot through developing indigenous industries and subsequent acceleration in exports, the introduction of stringent standards, and rapid urbanization, which creates various opportunities for TIC in the country.
  • China's "Made in China 2025" initiative has identified 5G as an emerging industry. It offers opportunities for Chinese enterprises to become more competitive and innovative in the international market and prevent low-quality and counterfeit goods from entering the market, which can be achieved through domain-specific certifications.
  • The Chinese government has implemented beneficial policies to allow foreign entities to establish a presence in the country to promote gradual liberalization. Local companies dominate the majority of the TIC market in various Chinese provinces. The government has promoted foreign investments in the TIC sector by removing obstacles for international TIC providers to enter and function in the mainland market.
  • For instance, in April 2024, MPR China Certification GmbH and its subsidiaries MPR International GmbH and China Certification Corporation revealed their strategic alliance with CERTANIA. This rapidly expanding group specializes in testing, inspection, and certification (TIC) services. This partnership signifies a significant achievement for MPR, enabling the company to expedite its growth initiatives.
  • In pursuit of carbon neutrality by 2050, the Japanese government has unveiled a series of energy policies. These policies target significant reductions in greenhouse gas emissions across key sectors, including electric power, industry, and transportation. Specifically, the government has set ambitious 2030 targets for the electric power sector. These targets involve ramping up investments in renewable energy, bolstering nuclear generation, and scaling back reliance on fossil fuels for electricity production.
  • Various developments in the power and energy sector are expected to create opportunities for the market studied. For instance, in April 2024, GE Vernova's Gas Power business announced it had secured an order from Korea Western Power Co. Ltd (KOWEPO), a subsidiary of Korea Electric Power Corporation (KEPCO), to provide a GE Vernova7HA.02 gas turbine and a H65 generator for KOWEPO's power station in Gongju-si, Chungcheongnam-do Republic of Korea.
  • The growing urbanization, changing demographics, and steady growth in retail have propelled the growth of the food processing industry in India. This increased demand has led to a surge in production from food and beverage companies. These companies are capitalizing on the growing middle-class population by introducing new products and expanding their existing product lines, thus supporting the market growth.
Testing, Inspection, and Certification Market: Market CAGR (%), By Region, Global

Testing, Inspection, and Certification Industry Overview

The global testing, inspection, and certification market is fragmented with the presence of various companies like Intertek Group PLC, SGS SA, Bureau Veritas, UL Solutions Inc., DNV AS, Eurofins Scientific SE, Dekra SE, ALS Limited, etc. The intensity of competitive rivalry in the testing, inspection, and certification market studied is high and expected to remain the same over the forecast period.

Both existing and new market incumbents are adopting a digital innovation strategy. Companies are engaging in significant merger and acquisition activities that are expected to intensify market competition. Existing TIC companies are expected to continue incorporating expansion and product innovation activities into their core strategies over the forecast period, considering the anticipated market growth, increasing globalization, and rising digitalization trends.

Overall, the market studied is expected to be highly competitive. With high consolidation expected over the next few years, the competitive rivalry will increase further.

Testing, Inspection, and Certification Market Leaders

  1. Intertek Group PLC

  2. SGS SA

  3. Bureau Veritas SA

  4. UL Solutions Inc.

  5. DNV GL

*Disclaimer: Major Players sorted in no particular order

Testing, Inspection, and Certification Market Concentration
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Testing, Inspection, and Certification Market News

  • July 2024: SGS's labs in Mexico City and Guadalajara, Mexico, are increasing the testing capabilities for the automotive, furniture, and toys industries, with the introduction of new solutions. The company expanded its services to include testing and certification for BIFMA X5.1 for furniture and ASTM F963 for toy safety, which is necessary for toys entering the US market. The company is also working on a VOC testing solution for the hardline automotive sector, which is expected to be operational by the second half of 2024.
  • June 2024: The Bureau Veritas Certification division is speeding up its digital transformation through collaboration with Accenture, aiming to transform operations smoothly and creatively. This collaboration is critical to the newly introduced Bureau Veritas LEAP | 28 strategic plan. Accenture assists the Certification division and the Group Information Systems Department in this distinctive endeavor for the testing, inspection, and certification industry, using Salesforce Service and Field Service capabilities to review and enhance all backend procedures.
  • June 2024: UL Solutions Inc. announced plans to build a new facility called the Advanced Automotive and Battery Testing Center in Pyeongtaek, Gyeonggi-do, Korea. This initiative aims to enhance the existing battery testing capacity of UL Solutions in the region while also incorporating EV charger testing and various other capabilities. It is projected to commence operations in the latter part of 2025. The primary goals of this venture include bolstering Korea's EV industry, addressing the growing demand from both new and current clients, and streamlining the process of safety and performance testing as well as other related services.

Testing, Inspection, and Certification Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Consumers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Threat of Substitutes

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Impact of Macro Economic Factors and COVID-19 on the TIC Industry

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Rising Investments in Energy Efficiency Process and Increasing Usage of Smart Grids in the Energy and Power Sector

      2. 5.1.2 Rising Automotive Emission Testing and Certification

    2. 5.2 Market Restraint

      1. 5.2.1 Increase in Lead Times for Assessment Programs Due to the Growing Complexity of the Supply Chain

  6. 6. ANALYSIS OF THE NDT SERVICE INDUSTRY

    1. 6.1 Current Market Demand

    2. 6.2 Market Breakdown

  7. 7. MARKET SEGMENTATION

    1. 7.1 By Service Type

      1. 7.1.1 Testing and Inspection Service

      2. 7.1.2 Certification Service

    2. 7.2 By Sourcing Type

      1. 7.2.1 Outsourced

      2. 7.2.2 In-house

    3. 7.3 By End-user Vertical

      1. 7.3.1 Consumer Goods and Retail

      2. 7.3.2 Food and Agriculture

      3. 7.3.3 Oil and Gas

      4. 7.3.4 Construction and Engineering

      5. 7.3.5 Energy and Chemicals

      6. 7.3.6 Manufacturing of Industrial Goods

      7. 7.3.7 Transportation (Aerospace and Rail)

      8. 7.3.8 Industrial and Automotive

      9. 7.3.9 Other End-user Verticals

    4. 7.4 By Geography***

      1. 7.4.1 North America

        1. 7.4.1.1 United States

        2. 7.4.1.2 Canada

      2. 7.4.2 Europe

        1. 7.4.2.1 United Kingdom

        2. 7.4.2.2 Germany

        3. 7.4.2.3 France

        4. 7.4.2.4 Spain

        5. 7.4.2.5 Norway

      3. 7.4.3 Asia

        1. 7.4.3.1 China

        2. 7.4.3.2 Japan

        3. 7.4.3.3 South Korea

        4. 7.4.3.4 India

      4. 7.4.4 Australia and New Zealand

      5. 7.4.5 Latin America

        1. 7.4.5.1 Brazil

        2. 7.4.5.2 Mexico

      6. 7.4.6 Middle East and Africa

        1. 7.4.6.1 Saudi Arabia

        2. 7.4.6.2 United Arab Emirates

        3. 7.4.6.3 Qatar

        4. 7.4.6.4 Turkey

        5. 7.4.6.5 Nigeria

  8. 8. COMPETITIVE LANDSCAPE

    1. 8.1 Company Profiles

      1. 8.1.1 Intertek Group PLC

      2. 8.1.2 SGS SA

      3. 8.1.3 Bureau Veritas SA

      4. 8.1.4 UL Solutions Inc.

      5. 8.1.5 DNV GL

      6. 8.1.6 Eurofins Scientific SE

      7. 8.1.7 Dekra SE

      8. 8.1.8 ALS Limited

      9. 8.1.9 BSI Group

      10. 8.1.10 CIS Commodity Inspection Services BV

      11. 8.1.11 MISTRAS Group Inc.

      12. 8.1.12 Element Materials Technology (Temasek Holdings)

      13. 8.1.13 TUV SUD

      14. 8.1.14 Applus Services SA

      15. 8.1.15 Kiwa NV

    2. *List Not Exhaustive

  9. 9. INVESTMENT ANALYSIS AND MARKET OUTLOOK

**Subject to Availability
*** In the Final Report, Asia, Australia and New Zealand will be Studied Together as 'Asia Pacific'; the final report will also include Rest of Europe, Asia Pacific, Latin America, and Middle East and Africa.
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Testing, Inspection, and Certification Industry Segmentation

The market can be defined as the revenue generated by vendors offering TIC solutions to various end users. The scope of the study includes the market by service type for testing and inspection services and certification services with various sourcing types, such as outsourced and in-house to end-user verticals, including consumer goods and retail, food and agriculture, oil and gas, construction and engineering, energy and chemicals, manufacturing of industrial goods, transportation (rail and aerospace), industrial and automotive, and other end-user verticals operating worldwide.

The testing, inspection, and certification market is segmented by service type (testing and inspection service and certification service), by sourcing type (outsourced and in-house), by end-user vertical (consumer goods and retail, food and agriculture, oil and gas, construction and engineering, energy and chemicals, manufacturing of industrial goods, transportation (rail and aerospace), industrial and automotive, other end-user verticals), and by geography (North America [United States, Canada], Europe [United Kingdom, Germany, France, Spain, Norway, Rest of Europe], Asia-Pacific [China, Japan, South Korea, India, Rest of Asia-Pacific], Latin America [Brazil, Mexico, Rest of Latin America], Middle East and Africa [Saudi Arabia, United Arab Emirates, Qatar, Turkey, Nigeria, Rest of Middle East and Africa]). The report offers market forecasts and size in value (USD) for all the above segments.

By Service Type
Testing and Inspection Service
Certification Service
By Sourcing Type
Outsourced
In-house
By End-user Vertical
Consumer Goods and Retail
Food and Agriculture
Oil and Gas
Construction and Engineering
Energy and Chemicals
Manufacturing of Industrial Goods
Transportation (Aerospace and Rail)
Industrial and Automotive
Other End-user Verticals
By Geography***
North America
United States
Canada
Europe
United Kingdom
Germany
France
Spain
Norway
Asia
China
Japan
South Korea
India
Australia and New Zealand
Latin America
Brazil
Mexico
Middle East and Africa
Saudi Arabia
United Arab Emirates
Qatar
Turkey
Nigeria
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Testing, Inspection, and Certification Market Research Faqs

The Testing, Inspection, And Certification Market size is expected to reach USD 251.62 billion in 2024 and grow at a CAGR of 4.68% to reach USD 316.27 billion by 2029.

In 2024, the Testing, Inspection, And Certification Market size is expected to reach USD 251.62 billion.

Intertek Group PLC, SGS SA, Bureau Veritas SA, UL Solutions Inc. and DNV GL are the major companies operating in the Testing, Inspection, And Certification Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Testing, Inspection, And Certification Market.

In 2023, the Testing, Inspection, And Certification Market size was estimated at USD 239.84 billion. The report covers the Testing, Inspection, And Certification Market historical market size for years: . The report also forecasts the Testing, Inspection, And Certification Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Non-destructive testing (NDT) is the fastest-growing segment due to advancements in technology and wider applications across industries like construction & infrastructure and healthcare.

Non-destructive testing (NDT) is the fastest-growing segment due to advancements in technology and wider applications across industries like construction & infrastructure and healthcare.

Testing, Inspection, and Certification Industry Report

The global Testing, Inspection, and Certification (TIC) market is experiencing significant growth, propelled by strict government mandates for product safety and environmental conservation. The surge in IoT interoperability testing and the fight against counterfeit pharmaceuticals are also key drivers. This market growth is further bolstered by digital transformation efforts aimed at enhancing customer experiences and a heightened focus on food safety. The medical and life sciences sectors are particularly poised for expansion, driven by technological breakthroughs and the imperative for medical device safety.

Innovations in AI and ML are opening new avenues in precision medicine and electric vehicle assessments. However, the market faces challenges such as the high costs associated with geographic diversity and the slow adoption of advanced technologies. North America holds a strong position in the TIC market, which spans various service types and applications, serving a broad range of industries from automotive to healthcare.

The market size and market report provide detailed insights into the market's share, industry overview, and industry trends. The industry report offers a comprehensive industry pdf that covers global market dynamics, industry size, annual report data, and information on the largest companies. Market analysis and market growth projections are also included, offering valuable market research and insights into market trends and market value.

Industry reports and market data offer a thorough market forecast, highlighting market leaders and providing a market outlook that includes market overview, market predictions, and market review. The market segmentation and market value details are crucial for understanding the market dynamics. For those interested, a report example and report pdf are available for further industry research.

The industry analysis provides essential industry information and industry outlook, supported by industry research and industry sales data. Industry statistics and industry trends are meticulously detailed, ensuring a comprehensive understanding of the market. The market data, market forecast, and market growth projections are essential for identifying market leaders and understanding the market outlook.

Overall, the Testing, Inspection, and Certification market is robust and diverse, with a detailed market segmentation and market value analysis. The report example and report pdf are valuable resources for research companies looking to delve deeper into this dynamic industry.

Testing, Inspection, and Certification Market Report Snapshots

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