United States Testing, Inspection, And Certification (TIC) Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 61.81 Billion |
| Market Size (2029) | USD 75.19 Billion |
| CAGR (2024 - 2029) | 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
United States Testing, Inspection, And Certification (TIC) Market Analysis
The United States Testing, Inspection, And Certification Market size is estimated at USD 61.81 billion in 2024, and is expected to reach USD 75.19 billion by 2029, at a CAGR of 4% during the forecast period (2024-2029).
- The growth of the manufacturing sector in the United States has resulted in a significant increase in the enforcement of Good Manufacturing Practice (GMP) regulations by the FDA. These Current Good Manufacturing Practices (CGMP) provide essential guidelines for supervising and managing manufacturing processes and facilities. Adhering to CGMP regulations ensures product integrity, potency, quality, and purity. This is accomplished by requiring pharmaceutical manufacturers to exercise stringent control over their manufacturing activities, thereby enhancing the importance of the country's Testing, Inspection, and Certification (TIC) market.
- The Consumer Product Safety Improvement Act in the United States mandates that certain products undergo third-party testing and certification before their market introduction, thereby positively influencing the market's growth.
- Consumer goods and retail emerge as key end-users of TIC services in the United States, propelled by a growing focus on quality assurance and regulatory compliance. The sector is witnessing a significant increase in the adoption of disruptive technologies, which results in cost savings and faster time-to-market. As a result, this trend heightens the demand for comprehensive testing and inspection services.
- In the United States, the rising competition from emerging markets and the heightened consumer demand for quality have rendered quality assurance and compliance solutions essential. A significant number of premium industrial services are now utilizing testing and certification processes. Technological advancements, including the Internet of Things (IoT), artificial intelligence, and blockchain, are introducing new requirements for testing and certification. Testing, Inspection, and Certification (TIC) companies are evolving their services to address these innovative technologies, unlocking new growth opportunities.
- As a result, many opportunities are emerging for businesses to introduce innovative services, optimize operations, and transform the delivery of technical services moving forward. For instance, in April 2024, Intertek Group PLC revealed the expansion of its service offerings by providing auditing and certification services for the ISO/IEC 42001:2023 Artificial Intelligence Management System (AIMS) standard. This initiative aims to promote ethical and responsible AI practices within organizations, highlighting the anticipated demand within the TIC market in the country.
- Small organizations encounter challenges in integrating TIC services from external vendors, primarily due to their limited capacity to absorb extra expenses or modify products to meet the diverse regulations and standards across countries and regions. Consequently, the growing number of standards and regulations is anticipated to impede market growth.
- The present macroeconomic environment continues to exhibit instability, with market participants observing significant trends, including rising interest rates, inflationary pressures, apprehensions regarding a potential recession, and escalating geopolitical tensions in specific states and countries, all of which may further influence market expansion. This ongoing macroeconomic uncertainty has prompted consumers across diverse market sectors to adopt a more cautious approach. While a market recovery is expected in due course, the precise timing and path of this recovery remain indeterminate.
United States Testing, Inspection, And Certification (TIC) Market Trends
Testing and Inspection Services Segment is Expected to Hold Significant Market Share in the Market
- Testing evaluates a product's characteristics against defined regulatory standards. The primary objective is to confirm that the product complies with these specifications, thus guaranteeing safety, performance, and quality before it is launched in the market. This stage is crucial in the product development process, ensuring that the product meets all requirements.
- Inspection involves evaluating a product to confirm its compliance with established specifications both before and after it is introduced to the market. This process includes procedures, systems, machinery, management practices, supply chains, materials, installations, commissioning, and non-destructive testing (NDT). The primary objective is to ensure that every aspect of production and handling meets design and validation standards, thereby maintaining consistency and quality.
- The demand for testing and inspection services in the United States has risen significantly, driven by the increasing emphasis on upholding high-quality product standards during the manufacturing process. The expansion of cross-border trade has led to stricter enforcement of various standards by countries, which has introduced greater complexity and risks within the supply chain. Consequently, manufacturers must focus on testing their retail products to guarantee compliance.
- Moreover, the rising use of renewable energy in the country is a significant catalyst for expanding market growth. Performance testing encompasses assessing the efficiency, reliability, and capacity of energy and power systems. This form of testing is essential for power plants, wind farms, and solar facilities, as it offers critical insights into their operational performance. Performance testing comprises load testing, thermal imaging, vibration analysis, and power quality analysis, all aimed at evaluating equipment performance, detecting potential issues, and enhancing system efficiency.
- According to EIA, in 2023, the United States is anticipated to utilise more than 14 quadrillion british thermal units (BHU) of renewable energy. During the specified timeframe, the electric power sector in the United States exhibited the most significant consumption of renewable energy.
Automotive Segment is Expected to Hold Significant Market Share in the Market
- The expansion of automotive manufacturing in the country, along with trends like autonomous and connected vehicles and electric cars, is anticipated to significantly increase the demand for TIC services in the United States. Additionally, advancements in safety technologies, including advanced driver-assistance systems (ADAS), sensors, cameras, and laser scanners, are expected to provide further growth opportunities for market vendors throughout the forecast period.
- The heightened production of vehicle components also elevates the risks linked to product manufacturing, resulting in warranty complications and underscoring the necessity of thorough testing throughout all production phases, including Research and Development, Raw Material Inspection, and Product Assembly. Consequently, the maintenance of quality control is vital across all sectors, with particular emphasis on the automotive industry. To guarantee that products meet the established standards, it is imperative to perform inspections on vehicles and automotive components.
- Furthermore, the demand for testing, inspection, and certification of electric vehicles is anticipated to surge significantly as the United States and enterprises transition towards sustainable mobility solutions. In the realm of testing and certification, electric vehicles merge two previously distinct domains: the automotive sector's ISO standards and the electrical industry's IEC standards. The testing of electric vehicles extends beyond homologation testing for the vehicles and their components; it also encompasses the evaluation of charging interfaces and related systems that facilitate communication between electric vehicles, charging stations, and backend systems.
- Furthermore, the country's increasing automobile production will drive market growth. According to OICA, in 2023, the production of passenger cars in the United States totalled approximately 1.75 million units, showing little change from the previous year. Conversely, the output of commercial vehicles experienced growth during the same period. Approximately 8.87 million commercial vehicles were manufactured in the U.S. in 2023, an increase from around 9.31 million units produced the year prior.
- Moreover, adopting Industry 4.0 trends in the automotove manufacturing is significantly driving the demand for TIC services. Stringent government regulations regarding safety in these industries and the increasing integration of automation technologies are the key factors contributing to the rising demand for TIC services. Additionally, the expanding utilization of robotics and the advent of concepts such as smart factories are creating further opportunities for market participants to leverage.
United States Testing, Inspection, And Certification (TIC) Industry Overview
The United States Testing, Inspection, And Certification (TIC) market is fragmented, with global and local conglomerates and specialised players operating across various segments. While several large multinational companies dominate specific high-value segments, numerous regional and niche players contribute to the overall competition, making the market highly diverse. This fragmentation is driven by the demand for TIC services across a wide range of end-user verticals, allowing both large and small companies to coexist and thrive in the market.
Leading companies in the United States TIC market include Intertek Group PLC, SGS SA, Bureau Veritas SA, UL Solutions Inc., and MISTRAS Group Inc. These companies have established strong brand recognition and extensive global operations, enabling them to command significant market share. Their strengths lie in innovation, broad product portfolios, and strong distribution networks. These leaders often engage in strategic acquisitions and partnerships to maintain their competitive edge and expand their market reach.
To succeed in the United States TIC market, companies must prioritise innovation, as the TIC sector plays a crucial role in ensuring the safety, quality, and compliance of products, processes, and systems across various industries. In recent years, significant technological advancements have transformed the TIC landscape in the country, altering the manner in which these processes are conducted. Companies that invest in emerging markets and adapt their offerings to regional needs are likely to gain a competitive advantage in this fragmented market.
United States Testing, Inspection, And Certification (TIC) Market Leaders
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SGS SA
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Bureau Veritas SA
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Intertek Group PLC
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MISTRAS Group Inc.
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UL Solutions Inc.
*Disclaimer: Major Players sorted in no particular order
United States Testing, Inspection, And Certification (TIC) Market News
- April 2024: SOCOTEC has announced the successful completion of four strategic acquisitions: Future Tech Consultants (FTC) and DnA Controlled Inspection, both of which are New York-based firms specializing in special inspection and testing; Gorman Jr. Fire Alarm Consulting Services, a consulting firm located in New York City that also provides FDNY expediting and consulting services; and ANDT Inspection. These acquisitions substantially expand SOCOTEC USA’s service offerings and strengthen its expertise in testing and inspection services.
- March 2024: SGS Laboratory, located in Fairfield, NJ, USA, has successfully attained the new ISO/IEC 17025:2017 certification. This internationally acknowledged accreditation, combined with Fairfield's substantial expertise as a GMP FDA approved laboratory, enables SGS to effectively showcase the dependability of its drug development testing outcomes, along with the integrity, proficiency, and overall quality of the practices employed at the Fairfield laboratory.
United States Testing, Inspection, And Certification (TIC) Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Impact of COVID-19 Aftereffects and Other Macroeconomic Factors on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Government Regulations and Mandates to Ensure Product Safety and Environmental Protection
5.1.2 Increasing Trading Across Borders and Stringent Regulations
5.2 Market Challenges
5.2.1 Low Adoption Rate of Innovative Technologies
6. MARKET SEGMENTATION
6.1 By Service Type
6.1.1 Testing and Inspection Services
6.1.2 Certification Services
6.2 By Sourcing Type
6.2.1 Outsourced
6.2.2 In-house
6.3 By End-user Vertical
6.3.1 Retail and Consumer Goods
6.3.2 Food and Agriculture
6.3.3 Oil and Gas
6.3.4 Construction and Engineering
6.3.5 Energy and Chemicals
6.3.6 Manufacturing and Industrial Goods
6.3.7 Transportation (Railways and Logistics)
6.3.8 Automotive
6.3.9 Other End-user Verticals
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Intertek Group PLC
7.1.2 SGS SA
7.1.3 Bureau Veritas SA
7.1.4 UL Solutions Inc.
7.1.5 TUV SUD Ltd.
7.1.6 Applus Services SA
7.1.7 Eurofins Scientific SE
7.1.8 DNV GL
7.1.9 DEKRA SA
7.1.10 ATG Technology Group
7.1.11 MISTRAS Group Inc.
7.1.12 ALS Limited
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
United States Testing, Inspection, And Certification (TIC) Industry Segmentation
The United States TIC market encompasses conformity assessment entities that provide various services, such as auditing, inspection, testing, verification, quality assurance, and certification. This market covers both internal and external services.
The study tracks the revenue accrued through the sale of TIC services by various players in the United States market. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. It further analyses the aftereffects of COVID-19 and other macroeconomic factors on the market. The report’s scope encompasses market sizing and forecasts for the various market segments.
The United States testing, inspection, and certification market is segmented by services type (testing and inspection services, and certification services), sourcing type (outsourced, and in-house), and by end-user vertical (retail and consumer goods, food and agriculture, oil and gas, construction and engineering, energy and chemicals, manufacturing and industrial goods, transportation (railways and logistics), automotive, and other end-user verticals). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Service Type | |
| Testing and Inspection Services | |
| Certification Services |
| By Sourcing Type | |
| Outsourced | |
| In-house |
| By End-user Vertical | |
| Retail and Consumer Goods | |
| Food and Agriculture | |
| Oil and Gas | |
| Construction and Engineering | |
| Energy and Chemicals | |
| Manufacturing and Industrial Goods | |
| Transportation (Railways and Logistics) | |
| Automotive | |
| Other End-user Verticals |
United States Testing, Inspection, And Certification (TIC) Market Research FAQs
How big is the United States Testing, Inspection, And Certification Market?
The United States Testing, Inspection, And Certification Market size is expected to reach USD 61.81 billion in 2024 and grow at a CAGR of 4% to reach USD 75.19 billion by 2029.
What is the current United States Testing, Inspection, And Certification Market size?
In 2024, the United States Testing, Inspection, And Certification Market size is expected to reach USD 61.81 billion.
Who are the key players in United States Testing, Inspection, And Certification Market?
SGS SA, Bureau Veritas SA, Intertek Group PLC, MISTRAS Group Inc. and UL Solutions Inc. are the major companies operating in the United States Testing, Inspection, And Certification Market.
What years does this United States Testing, Inspection, And Certification Market cover, and what was the market size in 2023?
In 2023, the United States Testing, Inspection, And Certification Market size was estimated at USD 59.34 billion. The report covers the United States Testing, Inspection, And Certification Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United States Testing, Inspection, And Certification Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
United States Testing, Inspection, And Certification (TIC) Industry Report
Statistics for the 2024 United States Testing, Inspection, And Certification (TIC) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States Testing, Inspection, And Certification (TIC) analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
