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Testing, Inspection, And Certification Market

Release date:

Sep-2021

Region:

global

Research Code:MRSE - 104455

Sku:MRSE - 104455

Testing, Inspection, and Certification Market by Service, End User (Retail, Agriculture, Oil and Gas, Construction, Chemicals, Machinery, Transportation, Automotive, Government, Marine, Healthcare), and Region - Forecast to 2027

  • Report ID: MRSE - 104455
  • Pages: 168
  • Sep-2021
  • Formats*: PDF
  • Category: Semiconductor and Electronics
  • Delivery: 2 to 4 Hours
COVID-19

This report provides pre & post COVID-19 market estimates.

The Testing, Inspection, and Certification Market Is Expected to Reach $143.3 Billion, at a CAGR of 5.4% during the Forecast Period 2020-2027. The rise in the illicit trade of forged and pirated goods, strict regulatory standards imposed by governments and local observatory bodies, and consistent incorporation of advanced technologies to develop various testing and inspection techniques are the key factors driving the growth of the testing, inspection, and certification market. Besides, the organizations’ growing inclination toward outsourcing TIC services, rising awareness among consumers regarding product quality and safety, and the surge in demand for TIC services globally also contribute to the growth of the testing, inspection, and certification market. However, reliability concerns regarding new service providers and an uncertain regulatory environment are expected to hinder the growth of the TIC market.

The Impact of COVID-19 on the Testing, Inspection, and Certification Market

The COVID-19 outbreak has significantly impacted the global economy. Various industry verticals have also been affected severely. Organizations are using remote technological channels and digital testing to ensure the continuity of their services and provide safety to industrial facilities and hospitals, and power grids that are conducting tests required for ensuring the quality of essential products and functioning of critical equipment. This trend has certainly encouraged automation and the adoption of advanced technologies for industry-specific applications, including collaborations and other productivity and business continuity tools. The outbreak has posed serious challenges to the global economy and affected multiple industries, including manufacturing, oil & gas, construction, automotive, and transportation. Most organizations operating in the TIC market are reinforcing their IT infrastructure and developing business continuity plans for all their operations. TIC providers are focused on novel services and delivery models to smartly access latent demand for increased automation, remotely-performed services, and enhanced digitization. Thus, the testing, inspection, and certification market holds considerable potential to bounce back from the decline witnessed during the COVID-19 crisis. These positive trends are consequently expected to boost the growth of the testing, inspection, and certification market in the coming years.

The lockdowns imposed to contain the pandemic have resulted in severe losses to businesses. Several leading TIC players are also eying this crisis as a new opportunity to restructure and revisit their existing strategies and enhance their product portfolios. For instance, in 2020, Bureau Veritas launched specialized digital tools for various sectors to support remote operations for ensuring business continuity. Similarly, in 2020, the British Standards Institution (BSI) Group launched PAS 1881 Assuring Safety of Automated Vehicle Trials and Testing. TO capitalize on this situation, companies are upgrading their capabilities, which is expected to help the TIC market mitigate the effects of COVID-19

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Strict Regulatory Standards Imposed by Governments to Drive the Growth of the Testing, Inspection, and Certification Market

Emerging globalization and liberalization had highlighted safety as the prime concern among consumers. Increased risk to life is a major concern, creating awareness among consumers to prioritize safety. To address such safety concerns, organizations are focused on implementing safety testing services as per the framed government guidelines. The priority of these standards is to ensure safety and reduce environmental impacts. For instance, in the automotive sector, governments have imposed stringent environmental regulations on OEMs (Original Equipment Manufacturers) to control CO2 emissions. Similarly, in the U.S., the National Highway Traffic Safety Administration (NHTSA) and the National Transportation Safety Board (NTSB) recommended the standardization of collision avoidance systems. Thus, extensive government standards and regulations for ensuring the safety and security of passengers are expected to propel the demand for TIC services in the coming years. Positive government initiatives to uplift various sectors affected by COVID-19 are also expected to help support the strong recovery and growth of the TIC market. For instance, in 2020, the Japanese government proposed a package of approximately $240 billion to mitigate the economic impact of COVID-19 and help industries, including automotive.

Stringent government regulations on food and consumer product testing, mandatory inspection regulations, and the growing trade of consumer products drive the growth of the TIC market. Also, various governments’ growing sensitivity toward a cleaner environment, favorable initiatives, rules, and regulations in sectors, such as healthcare and automotive, and the rapid adoption of digital technologies to radically transform TIC services are further expected to contribute to the growth of the testing, inspection, and certification market in the coming years.

Key Findings in the Testing, Inspection, and Certification Market Study:

Testing Services to Dominate the Testing, Inspection, and Certification Market though 2027

By service, the testing segment is expected to account for the largest share of the testing, inspection, and certification market in 2020. The largest share of this segment is primarily driven by the rise of globalization, a surge in brand protection policies, the presence of different product standards across different regions, increasing product diversity, and supportive government initiatives to improve the quality of various goods. However, the certification segment is slated to register the highest CAGR during the forecast period due to factors such as the growing number of specific standards introduced by international standardization institutions and various governments and the increasing need to enhance product value and safety, protect the environment, fulfill social responsibilities and improve performance.

The Agriculture and Food Sectors to Dominate the Testing, Inspection, and Certification Market though 2027

By end user, the agriculture and food segment is estimated to account for the largest share of the testing, inspection, and certification market in 2020. The large share of this segment is primarily driven by the growing demand for organic and processed foods and the need to closely monitor food items, improve productivity, and ensure quality. On the other hand, the healthcare sector is slated to register the highest CAGR during the forecast period due to the growing number of specific standards introduced by international standardization institutions and various governments, growing favorability of the regulatory environment, acceptance of the ‘quality by design’ (QbD) approach in pharmaceutical research and manufacture, rising demand for specialized testing services, and a surge in the number of clinical trials in the healthcare sector.

North America: The Largest Market

North America is estimated to command the largest share of the testing, inspection, and certification market in 2020, followed by Asia-Pacific, Europe, Latin America, and the Middle East & Africa. The large share of this regional market is primarily attributed to the presence of major TIC players and the emergence of several start-ups in the region, growing demand for organic and processed foods, the organizations’ increasing focus on meeting regulatory and compliance requirements, early adoption of the latest technologies, government investments in the advancement of technologies, presence of highly developed IT infrastructure, stringent government regulations related to testing, and growing trade of consumer products. However, Asia-Pacific is expected to witness rapid growth during the forecast period. Factors such as the increasing demand for consumer electronics, growing consumer awareness regarding quality, and a surge in the number of TIC start-ups backed by government funding are expected to boost the growth of the APAC market. Also, the growing significance of certification, testing, and inspection in enhancing brand recognition, the upsurge in food-safety audits, and increasing investments by private and public players are some of the other factors driving the growth of the TIC market in APAC.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key strategic developments by the leading players in the testing, inspection, and certification market over the last few years. The key players profiled in the TIC market include SGS S.A. (Switzerland), Bureau Veritas S.A. (France), Intertek Group Plc. (U.K.), TÜV Süd AG (Germany), Dekra SE (Germany), Eurofins Scientific SE (Luxembourg), TÜV Rheinland AG Group (U.S.), Element Materials Technology Ltd. (U.K.), Lloyd’s Register Group Limited (U.K.), APPLUS+ (Spain), AsureQuality (New Zealand), DNV GL (Norway), ALS Ltd. (Australia), Mistras Group (U.S.), and UL LLC (U.S.).

Scope of the Report:

TIC Market by Service                   

  • Testing
  • Inspection
  • Certification

TIC Market by End User                

  • Consumer Goods and Retail
  • Agriculture and Food
  • Oil & Gas
  • Construction
  • Chemicals
  • Mining
  • Machinery
  • Transportation
  • Automotive
  • Power Generation
  • Government
  • Marine
  • Healthcare
  • Financial Institutions
  • Others

TIC Market by Geography:           

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Rest of Asia-Pacific
  • Latin America
  • Middle East & Africa

Key Questions Answered in the Report:

What Is the Value of Revenue Generated from Sales in the Testing, Inspection, and Certification Market? At what Rate Is the Market Expected to Grow during the Next 5-7 Years?

The testing, inspection, and certification market is projected to reach $143.3 billion by 2027, at a CAGR of 5.4% during the forecast period.

Which End-user Segment Showcases High Growth Opportunities for the Testing, Inspection, and Certification Market Players?

Based on end user, the agriculture and food segment is expected to account for the largest share of the testing, inspection, and certification market in 2020. However, the healthcare segment is expected to record the highest CAGR during the forecast period.

What Are the Major Drivers, Opportunities, and Trends in the Testing, Inspection, and Certification Market?

The rise in the illicit trade of forged and pirated goods, strict regulatory standards imposed by governments, and the emergence of advanced technologies are expected to drive the growth of the TIC market. In addition, rising awareness among consumers regarding product quality and safety and surging demand for TIC services globally are expected to create new growth opportunities for the testing, inspection, and certification market. Moreover, the growing inclination toward outsourcing TIC services is a new trend in the testing, inspection, and certification market.

What Are the Major Restraints of the Testing, Inspection, and Certification Market?

Diverse regulations and standards across different regions and the global impact of the COVID-19 pandemic may restrain the growth of the testing, inspection, and certification market in the coming years.

Who Are the Prominent Players in the Testing, Inspection, and Certification Market?

The major players operating in this market are SGS S.A. (Switzerland), Bureau Veritas S.A. (France), Intertek Group Plc. (U.K.), TÜV Süd AG (Germany), Dekra SE (Germany), Eurofins Scientific SE (Luxembourg), TÜV Rheinland AG Group (U.S.), Element Materials Technology Ltd. (U.K.), Lloyd’s Register Group Limited (U.K.), APPLUS+ (Spain), AsureQuality (New Zealand), DNV GL (Norway), ALS Ltd. (Australia), Mistras Group (U.S.), and UL LLC (U.S.), among others.

Which Are the High-growth Countries/Regions in this Market?

Some of the high-growth countries in the market are the U.S., Germany, China, and Japan.

1.    Introduction    
       1.1.    Market Definition    
       1.2.    Currency and Limitations    
                1.2.1.    Currency    
                1.2.2.    Limitations    

2.    Research Methodology    
       2.1.    Research Approach    
       2.2.    Data Collection & Validation    
                2.2.1.    Secondary Research    
                2.2.2.    Primary Research    
       2.3.    Market Assessment    
                2.3.1.    Market Size Estimation    
                2.3.2.    Bottom-Up Approach    
                2.3.3.    Top-Down Approach    
                2.3.4.    Growth Forecast    
       2.4.    Assumptions for the Study    

3.    Executive Summary    
       3.1.    Market Analysis, by Service    
       3.2.    Market Analysis, by Industry Vertical    
       3.3.    Market Analysis, by Geography    
       3.4.    Competitive Analysis    

4.    Market Insights    
       4.1.    Introduction    
       4.2.    Market Dynamics    
       4.3.    Drivers    
                4.3.1.    Strict Regulatory Standards Imposed by Governments    
                4.3.2.    Rise in Illicit Trade of Forged and Pirated Goods    
                4.3.3.    Inclination Towards Outsourcing TIC Services    
       4.4.    Restraints    
                4.4.1.    Dynamic International Regulatory Standards Across Regions    
       4.5.    Opportunities    
                4.5.1.    Surge in Consumer Awareness Towards Food Safety    
       4.6.    Challenges    
                4.6.1.    Lack of Testing Facilities and Skilled Resources    
       4.7.    Trends    
                4.7.1.    Use of Simulation in Product Testing and Validation    
       4.8.    Impact of Covid-19 on the Testing, Inspection, and Certification Market    
                4.8.1.    Scenario A: Severe Impact    
                4.8.2.    Scenario B: Moderate Recovery    
                4.8.3.    Scenario C: Fast Recovery    
       4.9.    Case Study: Testing, Inspection and Certification Market    
                4.9.1.    Case Study-A    
                4.9.2.    Case Study-B    
                4.9.3.    Case Study-C    
                4.9.4.    Case Study-D    
                4.9.5.    Case Study-E    

5.    Testing Inspection and Certification Market, by Service    
       5.1.    Introduction    
       5.2.    Testing Services    
       5.3.    Inspection Services    
       5.4.    Certification Services    

6.    Testing, Inspection, and Certification Market by Industry Vertical    
       6.1.    Introduction    
       6.2.    Agriculture and Food    
       6.3.    Consumer Goods and Retail    
       6.4.    Construction    
       6.5.    Machinery    
       6.6.    Oil & Gas    
       6.7.    Chemicals    
       6.8.    Automotive    
       6.9.    Mining    
       6.10.    Transportation           
       6.11.    Healthcare    
       6.12.    Power Generation    
       6.13.    Marine    
       6.14.    Government    
       6.15.    Financial Institutions    
       6.16.    Others    

7.    Testing, Inspection, and Certification Market, by Geography    
       7.1.    Introduction    
       7.2.    Europe    
                7.2.1.    Germany    
                7.2.2.    U.K    
                7.2.3.    France    
                7.2.4.    Italy    
                7.2.5.    Spain    
                7.2.6.    Rest of Europe    
       7.3.    Asia-Pacific    
                7.3.1.    China    
                7.3.2.    Japan    
                7.3.3.    India    
                7.3.4.    Rest of Asia-Pacific    
       7.4.    North America    
                7.4.1.    U.S    
                7.4.2.    Canada    
       7.5.    Middle East & Africa    
       7.6.    Latin America    

8.    Competitive Landscape    
       8.1.    Introduction    
       8.2.    Key Growth Strategies    
       8.3.    Competitive Benchmarking    
       8.4.    Market Share Analysis    

9.    Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)
       9.1.    SGS S.A    
       9.2.    Bureau Veritas S.A.    
       9.3.    Intertek Group Plc    
       9.4.    TÜV SÜD    
       9.5.    Dekra SE    
       9.6.    TÜV Rheinland AG Group    
       9.7.    Applus+    
       9.8.    Eurofins Scientific SE    
       9.9.    British Standards Institution (BSI) Group           
       9.10.    Lloyd’s Register Group Limited    
       9.11.    Mistras Group, Inc.    
       9.12.    DNV GL    
       9.13.    Element Materials Technology    
       9.14.    ALS    
       9.15.    UL LLC           

10.    Appendix    
        10.1.    Questionnaire    
        10.2.    Available Customization    

List of Tables

Table 1    Currency Conversion Rate, 2016–2019    
Table 2    Impact Assessment of Covid-19 On The Testing, Inspection and Certification Market (USD Million)    
Table 3    Global Testing, Inspection, and Certification Market Size, by Service, 2018–2027 (USD Million)    
Table 4    Global Testing Services Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 5    Global Inspection Services Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 6    Global Certification Services Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 7    Global Testing, Inspection, and Certification Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 8    Global Testing, Inspection and Certification Market Size for Agriculture & Food Vertical, by Country/Region 2018–2027 (USD Million)    
Table 9    Global Testing, Inspection and Certification Market Size for Consumer Goods and Retail Vertical, by Country/Region 2018–2027 (USD Million)    
Table 10    Global Testing, Inspection and Certification Market Size for Construction Vertical, by Country/Region, 2018-2027 (USD Million)    
Table 11    Global Testing, Inspection & Certification Market Size for Machinery Vertical, by Country/Region, 2018–2027 (USD Million)    
Table 12    Global Testing, Inspection and Certification Market Size for Oil & Gas Vertical, by Country/Region 2018–2027 (USD Million)    
Table 13    Global Testing, Inspection and Certification Market Size for Chemicals, by Country/Region 2018–2027 (USD Million)    
Table 14    Global Testing, Inspection and Certification Market Size for Automotive Vertical, by Country/Region 2018–2027 (USD Million)    
Table 15    Global Testing, Inspection and Certification Market Size for Mining, by Country/Region, 2018-2027 (USD Million)    
Table 16    Global Testing, Inspection and Certification Market Size for Transportation, by Country/Region 2018–2027 (USD Million)    
Table 17    Global Testing, Inspection and Certification Market Size for Healthcare & Life Sciences Vertical, by Country/Region, 2018-2027 (USD Million)    
Table 18    Global Testing, Inspection and Certification Market Size for Power Generation Vertical, by Country/Region, 2018-2027 (USD Million)    
Table 19    Global Testing, Inspection and Certification Market Size for Marine Vertical, by Country/Region 2018–2027 (USD Million)    
Table 20    Global Testing, Inspection and Certification Market Size for Government Vertical, by Country/Region 2018–2027 (USD Million)    
Table 21    Global Testing, Inspection & Certification Market Size for Financial Institutions, by Country/Region, 2018–2027 (USD Million)    
Table 22    Global Testing, Inspection & Certification Market Size for Other Industry Verticals, by Country/Region, 2018–2027 (USD Million)    
Table 23    Global Testing, Inspection, and Certification Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 24    Europe: TIC Market Size, by Country, 2018–2027 (USD Million)    
Table 25    Europe: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 26    Europe: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 27    Germany: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 28    Germany: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 29    U.K: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 30    U.K: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 31    France: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 32    France: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 33    Italy: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 34    Italy: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 35    Spain: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 36    Spain: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 37    Rest of Europe: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 38    Rest of Europe: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 39    Asia-Pacific: TIC Market Size, by Country, 2018–2027 (USD Million)    
Table 40    Asia-Pacific: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 41    Asia-Pacific: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 42    China: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 43    China: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 44    Japan: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 45    Japan: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 46    India: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 47    India: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 48    Rest of Asia-Pacific: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 49    Rest of Asia-Pacific: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)
Table 50    North America: TIC Market Size, by Country, 2018–2027 (USD Million)    
Table 51    North America: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 52    North America: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 53    U.S: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 54    U.S: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 55    Canada: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 56    Canada: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 57    Middle East & Africa: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 58    Middle East & Africa: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)
Table 59    Latin America: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 60    Latin America: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 61    Recent Developments by Major Players During 2017–2019

List of Figures

Figure 1       Market Ecosystem    
Figure 2       Key Stakeholders    
Figure 3       Research Process    
Figure 4       Key Secondary Resources    
Figure 5       Primary Research Techniques    
Figure 6       Key Executives Interviewed    
Figure 7       Breakdown of Primary Interviews (Supply-Side & Demand-Side)    
Figure 8       Market Sizing and Growth Forecast Approach    
Figure 9       Key Insights    
Figure 10    Testing, Inspection & Certification Market, by Service, 2020 Vs.2027    
Figure 11    Testing, Inspection & Certification Market, by Industry Vertical, 2020 Vs. 2027    
Figure 12    Testing, Inspection and Certification Market, by Region    
Figure 13    Impact Assessment of Covid-19 on the TIC Market (Market Growth)    
Figure 14    Global Testing, Inspection, And Certification Market Size, by Service, 2020–2027 (USD Million)    
Figure 15    Global Testing, Inspection, And Certification Market Size, by Industry Vertical, 2020–2027 (USD Million)    
Figure 16    Testing, Inspection & Certification Market Size, by Geography, 2020–2027 (USD Million)    
Figure 17    Geographic Snapshot: European TIC Market    
Figure 18    Geographic Snapshot: Asia-Pacific TIC Market    
Figure 19    Geographic Snapshot: North American TIC Market    
Figure 20    Growth Strategies Adopted by The Key Players    
Figure 21    Testing, Inspection and Certification Market: Competitive Benchmarking    
Figure 22    Global TIC Market Share, by Key Players, 2020    
Figure 23    SGS S.A: Financial Overview, 2019    
Figure 24    Bureau Veritas S.A.: Financial Overview, 2019    
Figure 25    Intertek Group Plc: Financial Overview, 2019    
Figure 26    TÜV SÜD: Financial Overview, 2019    
Figure 27    Dekra SE: Financial Overview, 2019    
Figure 28    TÜV Rheinland AG Group: Financial Overview, 2019    
Figure 29    Applus+: Financial Overview, 2019    
Figure 30    Eurofins Scientific Se: Financial Overview, 2019    
Figure 31    British Standards Institution (BSI) Group: Financial Overview, 2019    
Figure 32    Lloyd’s Register Group Limited: Financial Overview, 2019    
Figure 33    Mistras Group, Inc.: Financial Overview, 2019    
Figure 34    DNV Gl: Financial Overview, 2019    
Figure 35    ALS: Financial Overview, 2020    

 

 
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Related Research

The Testing, Inspection, and Certification Market Is Expected to Reach $143.3 Billion, at a CAGR of 5.4% during the Forecast Period 2020-2027. The rise in the illicit trade of forged and pirated goods, strict regulatory standards imposed by governments and local observatory bodies, and consistent incorporation of advanced technologies to develop various testing and inspection techniques are the key factors driving the growth of the testing, inspection, and certification market. Besides, the organizations’ growing inclination toward outsourcing TIC services, rising awareness among consumers regarding product quality and safety, and the surge in demand for TIC services globally also contribute to the growth of the testing, inspection, and certification market. However, reliability concerns regarding new service providers and an uncertain regulatory environment are expected to hinder the growth of the TIC market.

The Impact of COVID-19 on the Testing, Inspection, and Certification Market

The COVID-19 outbreak has significantly impacted the global economy. Various industry verticals have also been affected severely. Organizations are using remote technological channels and digital testing to ensure the continuity of their services and provide safety to industrial facilities and hospitals, and power grids that are conducting tests required for ensuring the quality of essential products and functioning of critical equipment. This trend has certainly encouraged automation and the adoption of advanced technologies for industry-specific applications, including collaborations and other productivity and business continuity tools. The outbreak has posed serious challenges to the global economy and affected multiple industries, including manufacturing, oil & gas, construction, automotive, and transportation. Most organizations operating in the TIC market are reinforcing their IT infrastructure and developing business continuity plans for all their operations. TIC providers are focused on novel services and delivery models to smartly access latent demand for increased automation, remotely-performed services, and enhanced digitization. Thus, the testing, inspection, and certification market holds considerable potential to bounce back from the decline witnessed during the COVID-19 crisis. These positive trends are consequently expected to boost the growth of the testing, inspection, and certification market in the coming years.

The lockdowns imposed to contain the pandemic have resulted in severe losses to businesses. Several leading TIC players are also eying this crisis as a new opportunity to restructure and revisit their existing strategies and enhance their product portfolios. For instance, in 2020, Bureau Veritas launched specialized digital tools for various sectors to support remote operations for ensuring business continuity. Similarly, in 2020, the British Standards Institution (BSI) Group launched PAS 1881 Assuring Safety of Automated Vehicle Trials and Testing. TO capitalize on this situation, companies are upgrading their capabilities, which is expected to help the TIC market mitigate the effects of COVID-19

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Strict Regulatory Standards Imposed by Governments to Drive the Growth of the Testing, Inspection, and Certification Market

Emerging globalization and liberalization had highlighted safety as the prime concern among consumers. Increased risk to life is a major concern, creating awareness among consumers to prioritize safety. To address such safety concerns, organizations are focused on implementing safety testing services as per the framed government guidelines. The priority of these standards is to ensure safety and reduce environmental impacts. For instance, in the automotive sector, governments have imposed stringent environmental regulations on OEMs (Original Equipment Manufacturers) to control CO2 emissions. Similarly, in the U.S., the National Highway Traffic Safety Administration (NHTSA) and the National Transportation Safety Board (NTSB) recommended the standardization of collision avoidance systems. Thus, extensive government standards and regulations for ensuring the safety and security of passengers are expected to propel the demand for TIC services in the coming years. Positive government initiatives to uplift various sectors affected by COVID-19 are also expected to help support the strong recovery and growth of the TIC market. For instance, in 2020, the Japanese government proposed a package of approximately $240 billion to mitigate the economic impact of COVID-19 and help industries, including automotive.

Stringent government regulations on food and consumer product testing, mandatory inspection regulations, and the growing trade of consumer products drive the growth of the TIC market. Also, various governments’ growing sensitivity toward a cleaner environment, favorable initiatives, rules, and regulations in sectors, such as healthcare and automotive, and the rapid adoption of digital technologies to radically transform TIC services are further expected to contribute to the growth of the testing, inspection, and certification market in the coming years.

Key Findings in the Testing, Inspection, and Certification Market Study:

Testing Services to Dominate the Testing, Inspection, and Certification Market though 2027

By service, the testing segment is expected to account for the largest share of the testing, inspection, and certification market in 2020. The largest share of this segment is primarily driven by the rise of globalization, a surge in brand protection policies, the presence of different product standards across different regions, increasing product diversity, and supportive government initiatives to improve the quality of various goods. However, the certification segment is slated to register the highest CAGR during the forecast period due to factors such as the growing number of specific standards introduced by international standardization institutions and various governments and the increasing need to enhance product value and safety, protect the environment, fulfill social responsibilities and improve performance.

The Agriculture and Food Sectors to Dominate the Testing, Inspection, and Certification Market though 2027

By end user, the agriculture and food segment is estimated to account for the largest share of the testing, inspection, and certification market in 2020. The large share of this segment is primarily driven by the growing demand for organic and processed foods and the need to closely monitor food items, improve productivity, and ensure quality. On the other hand, the healthcare sector is slated to register the highest CAGR during the forecast period due to the growing number of specific standards introduced by international standardization institutions and various governments, growing favorability of the regulatory environment, acceptance of the ‘quality by design’ (QbD) approach in pharmaceutical research and manufacture, rising demand for specialized testing services, and a surge in the number of clinical trials in the healthcare sector.

North America: The Largest Market

North America is estimated to command the largest share of the testing, inspection, and certification market in 2020, followed by Asia-Pacific, Europe, Latin America, and the Middle East & Africa. The large share of this regional market is primarily attributed to the presence of major TIC players and the emergence of several start-ups in the region, growing demand for organic and processed foods, the organizations’ increasing focus on meeting regulatory and compliance requirements, early adoption of the latest technologies, government investments in the advancement of technologies, presence of highly developed IT infrastructure, stringent government regulations related to testing, and growing trade of consumer products. However, Asia-Pacific is expected to witness rapid growth during the forecast period. Factors such as the increasing demand for consumer electronics, growing consumer awareness regarding quality, and a surge in the number of TIC start-ups backed by government funding are expected to boost the growth of the APAC market. Also, the growing significance of certification, testing, and inspection in enhancing brand recognition, the upsurge in food-safety audits, and increasing investments by private and public players are some of the other factors driving the growth of the TIC market in APAC.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key strategic developments by the leading players in the testing, inspection, and certification market over the last few years. The key players profiled in the TIC market include SGS S.A. (Switzerland), Bureau Veritas S.A. (France), Intertek Group Plc. (U.K.), TÜV Süd AG (Germany), Dekra SE (Germany), Eurofins Scientific SE (Luxembourg), TÜV Rheinland AG Group (U.S.), Element Materials Technology Ltd. (U.K.), Lloyd’s Register Group Limited (U.K.), APPLUS+ (Spain), AsureQuality (New Zealand), DNV GL (Norway), ALS Ltd. (Australia), Mistras Group (U.S.), and UL LLC (U.S.).

Scope of the Report:

TIC Market by Service                   

  • Testing
  • Inspection
  • Certification

TIC Market by End User                

  • Consumer Goods and Retail
  • Agriculture and Food
  • Oil & Gas
  • Construction
  • Chemicals
  • Mining
  • Machinery
  • Transportation
  • Automotive
  • Power Generation
  • Government
  • Marine
  • Healthcare
  • Financial Institutions
  • Others

TIC Market by Geography:           

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Rest of Asia-Pacific
  • Latin America
  • Middle East & Africa

Key Questions Answered in the Report:

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1.    Introduction    
       1.1.    Market Definition    
       1.2.    Currency and Limitations    
                1.2.1.    Currency    
                1.2.2.    Limitations    

2.    Research Methodology    
       2.1.    Research Approach    
       2.2.    Data Collection & Validation    
                2.2.1.    Secondary Research    
                2.2.2.    Primary Research    
       2.3.    Market Assessment    
                2.3.1.    Market Size Estimation    
                2.3.2.    Bottom-Up Approach    
                2.3.3.    Top-Down Approach    
                2.3.4.    Growth Forecast    
       2.4.    Assumptions for the Study    

3.    Executive Summary    
       3.1.    Market Analysis, by Service    
       3.2.    Market Analysis, by Industry Vertical    
       3.3.    Market Analysis, by Geography    
       3.4.    Competitive Analysis    

4.    Market Insights    
       4.1.    Introduction    
       4.2.    Market Dynamics    
       4.3.    Drivers    
                4.3.1.    Strict Regulatory Standards Imposed by Governments    
                4.3.2.    Rise in Illicit Trade of Forged and Pirated Goods    
                4.3.3.    Inclination Towards Outsourcing TIC Services    
       4.4.    Restraints    
                4.4.1.    Dynamic International Regulatory Standards Across Regions    
       4.5.    Opportunities    
                4.5.1.    Surge in Consumer Awareness Towards Food Safety    
       4.6.    Challenges    
                4.6.1.    Lack of Testing Facilities and Skilled Resources    
       4.7.    Trends    
                4.7.1.    Use of Simulation in Product Testing and Validation    
       4.8.    Impact of Covid-19 on the Testing, Inspection, and Certification Market    
                4.8.1.    Scenario A: Severe Impact    
                4.8.2.    Scenario B: Moderate Recovery    
                4.8.3.    Scenario C: Fast Recovery    
       4.9.    Case Study: Testing, Inspection and Certification Market    
                4.9.1.    Case Study-A    
                4.9.2.    Case Study-B    
                4.9.3.    Case Study-C    
                4.9.4.    Case Study-D    
                4.9.5.    Case Study-E    

5.    Testing Inspection and Certification Market, by Service    
       5.1.    Introduction    
       5.2.    Testing Services    
       5.3.    Inspection Services    
       5.4.    Certification Services    

6.    Testing, Inspection, and Certification Market by Industry Vertical    
       6.1.    Introduction    
       6.2.    Agriculture and Food    
       6.3.    Consumer Goods and Retail    
       6.4.    Construction    
       6.5.    Machinery    
       6.6.    Oil & Gas    
       6.7.    Chemicals    
       6.8.    Automotive    
       6.9.    Mining    
       6.10.    Transportation           
       6.11.    Healthcare    
       6.12.    Power Generation    
       6.13.    Marine    
       6.14.    Government    
       6.15.    Financial Institutions    
       6.16.    Others    

7.    Testing, Inspection, and Certification Market, by Geography    
       7.1.    Introduction    
       7.2.    Europe    
                7.2.1.    Germany    
                7.2.2.    U.K    
                7.2.3.    France    
                7.2.4.    Italy    
                7.2.5.    Spain    
                7.2.6.    Rest of Europe    
       7.3.    Asia-Pacific    
                7.3.1.    China    
                7.3.2.    Japan    
                7.3.3.    India    
                7.3.4.    Rest of Asia-Pacific    
       7.4.    North America    
                7.4.1.    U.S    
                7.4.2.    Canada    
       7.5.    Middle East & Africa    
       7.6.    Latin America    

8.    Competitive Landscape    
       8.1.    Introduction    
       8.2.    Key Growth Strategies    
       8.3.    Competitive Benchmarking    
       8.4.    Market Share Analysis    

9.    Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)
       9.1.    SGS S.A    
       9.2.    Bureau Veritas S.A.    
       9.3.    Intertek Group Plc    
       9.4.    TÜV SÜD    
       9.5.    Dekra SE    
       9.6.    TÜV Rheinland AG Group    
       9.7.    Applus+    
       9.8.    Eurofins Scientific SE    
       9.9.    British Standards Institution (BSI) Group           
       9.10.    Lloyd’s Register Group Limited    
       9.11.    Mistras Group, Inc.    
       9.12.    DNV GL    
       9.13.    Element Materials Technology    
       9.14.    ALS    
       9.15.    UL LLC           

10.    Appendix    
        10.1.    Questionnaire    
        10.2.    Available Customization    

List of Tables

Table 1    Currency Conversion Rate, 2016–2019    
Table 2    Impact Assessment of Covid-19 On The Testing, Inspection and Certification Market (USD Million)    
Table 3    Global Testing, Inspection, and Certification Market Size, by Service, 2018–2027 (USD Million)    
Table 4    Global Testing Services Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 5    Global Inspection Services Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 6    Global Certification Services Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 7    Global Testing, Inspection, and Certification Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 8    Global Testing, Inspection and Certification Market Size for Agriculture & Food Vertical, by Country/Region 2018–2027 (USD Million)    
Table 9    Global Testing, Inspection and Certification Market Size for Consumer Goods and Retail Vertical, by Country/Region 2018–2027 (USD Million)    
Table 10    Global Testing, Inspection and Certification Market Size for Construction Vertical, by Country/Region, 2018-2027 (USD Million)    
Table 11    Global Testing, Inspection & Certification Market Size for Machinery Vertical, by Country/Region, 2018–2027 (USD Million)    
Table 12    Global Testing, Inspection and Certification Market Size for Oil & Gas Vertical, by Country/Region 2018–2027 (USD Million)    
Table 13    Global Testing, Inspection and Certification Market Size for Chemicals, by Country/Region 2018–2027 (USD Million)    
Table 14    Global Testing, Inspection and Certification Market Size for Automotive Vertical, by Country/Region 2018–2027 (USD Million)    
Table 15    Global Testing, Inspection and Certification Market Size for Mining, by Country/Region, 2018-2027 (USD Million)    
Table 16    Global Testing, Inspection and Certification Market Size for Transportation, by Country/Region 2018–2027 (USD Million)    
Table 17    Global Testing, Inspection and Certification Market Size for Healthcare & Life Sciences Vertical, by Country/Region, 2018-2027 (USD Million)    
Table 18    Global Testing, Inspection and Certification Market Size for Power Generation Vertical, by Country/Region, 2018-2027 (USD Million)    
Table 19    Global Testing, Inspection and Certification Market Size for Marine Vertical, by Country/Region 2018–2027 (USD Million)    
Table 20    Global Testing, Inspection and Certification Market Size for Government Vertical, by Country/Region 2018–2027 (USD Million)    
Table 21    Global Testing, Inspection & Certification Market Size for Financial Institutions, by Country/Region, 2018–2027 (USD Million)    
Table 22    Global Testing, Inspection & Certification Market Size for Other Industry Verticals, by Country/Region, 2018–2027 (USD Million)    
Table 23    Global Testing, Inspection, and Certification Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 24    Europe: TIC Market Size, by Country, 2018–2027 (USD Million)    
Table 25    Europe: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 26    Europe: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 27    Germany: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 28    Germany: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 29    U.K: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 30    U.K: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 31    France: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 32    France: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 33    Italy: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 34    Italy: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 35    Spain: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 36    Spain: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 37    Rest of Europe: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 38    Rest of Europe: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 39    Asia-Pacific: TIC Market Size, by Country, 2018–2027 (USD Million)    
Table 40    Asia-Pacific: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 41    Asia-Pacific: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 42    China: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 43    China: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 44    Japan: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 45    Japan: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 46    India: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 47    India: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 48    Rest of Asia-Pacific: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 49    Rest of Asia-Pacific: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)
Table 50    North America: TIC Market Size, by Country, 2018–2027 (USD Million)    
Table 51    North America: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 52    North America: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 53    U.S: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 54    U.S: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 55    Canada: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 56    Canada: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 57    Middle East & Africa: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 58    Middle East & Africa: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)
Table 59    Latin America: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 60    Latin America: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 61    Recent Developments by Major Players During 2017–2019

List of Figures

Figure 1       Market Ecosystem    
Figure 2       Key Stakeholders    
Figure 3       Research Process    
Figure 4       Key Secondary Resources    
Figure 5       Primary Research Techniques    
Figure 6       Key Executives Interviewed    
Figure 7       Breakdown of Primary Interviews (Supply-Side & Demand-Side)    
Figure 8       Market Sizing and Growth Forecast Approach    
Figure 9       Key Insights    
Figure 10    Testing, Inspection & Certification Market, by Service, 2020 Vs.2027    
Figure 11    Testing, Inspection & Certification Market, by Industry Vertical, 2020 Vs. 2027    
Figure 12    Testing, Inspection and Certification Market, by Region    
Figure 13    Impact Assessment of Covid-19 on the TIC Market (Market Growth)    
Figure 14    Global Testing, Inspection, And Certification Market Size, by Service, 2020–2027 (USD Million)    
Figure 15    Global Testing, Inspection, And Certification Market Size, by Industry Vertical, 2020–2027 (USD Million)    
Figure 16    Testing, Inspection & Certification Market Size, by Geography, 2020–2027 (USD Million)    
Figure 17    Geographic Snapshot: European TIC Market    
Figure 18    Geographic Snapshot: Asia-Pacific TIC Market    
Figure 19    Geographic Snapshot: North American TIC Market    
Figure 20    Growth Strategies Adopted by The Key Players    
Figure 21    Testing, Inspection and Certification Market: Competitive Benchmarking    
Figure 22    Global TIC Market Share, by Key Players, 2020    
Figure 23    SGS S.A: Financial Overview, 2019    
Figure 24    Bureau Veritas S.A.: Financial Overview, 2019    
Figure 25    Intertek Group Plc: Financial Overview, 2019    
Figure 26    TÜV SÜD: Financial Overview, 2019    
Figure 27    Dekra SE: Financial Overview, 2019    
Figure 28    TÜV Rheinland AG Group: Financial Overview, 2019    
Figure 29    Applus+: Financial Overview, 2019    
Figure 30    Eurofins Scientific Se: Financial Overview, 2019    
Figure 31    British Standards Institution (BSI) Group: Financial Overview, 2019    
Figure 32    Lloyd’s Register Group Limited: Financial Overview, 2019    
Figure 33    Mistras Group, Inc.: Financial Overview, 2019    
Figure 34    DNV Gl: Financial Overview, 2019    
Figure 35    ALS: Financial Overview, 2020    

 

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1.    Introduction    
       1.1.    Market Definition    
       1.2.    Currency and Limitations    
                1.2.1.    Currency    
                1.2.2.    Limitations    

2.    Research Methodology    
       2.1.    Research Approach    
       2.2.    Data Collection & Validation    
                2.2.1.    Secondary Research    
                2.2.2.    Primary Research    
       2.3.    Market Assessment    
                2.3.1.    Market Size Estimation    
                2.3.2.    Bottom-Up Approach    
                2.3.3.    Top-Down Approach    
                2.3.4.    Growth Forecast    
       2.4.    Assumptions for the Study    

3.    Executive Summary    
       3.1.    Market Analysis, by Service    
       3.2.    Market Analysis, by Industry Vertical    
       3.3.    Market Analysis, by Geography    
       3.4.    Competitive Analysis    

4.    Market Insights    
       4.1.    Introduction    
       4.2.    Market Dynamics    
       4.3.    Drivers    
                4.3.1.    Strict Regulatory Standards Imposed by Governments    
                4.3.2.    Rise in Illicit Trade of Forged and Pirated Goods    
                4.3.3.    Inclination Towards Outsourcing TIC Services    
       4.4.    Restraints    
                4.4.1.    Dynamic International Regulatory Standards Across Regions    
       4.5.    Opportunities    
                4.5.1.    Surge in Consumer Awareness Towards Food Safety    
       4.6.    Challenges    
                4.6.1.    Lack of Testing Facilities and Skilled Resources    
       4.7.    Trends    
                4.7.1.    Use of Simulation in Product Testing and Validation    
       4.8.    Impact of Covid-19 on the Testing, Inspection, and Certification Market    
                4.8.1.    Scenario A: Severe Impact    
                4.8.2.    Scenario B: Moderate Recovery    
                4.8.3.    Scenario C: Fast Recovery    
       4.9.    Case Study: Testing, Inspection and Certification Market    
                4.9.1.    Case Study-A    
                4.9.2.    Case Study-B    
                4.9.3.    Case Study-C    
                4.9.4.    Case Study-D    
                4.9.5.    Case Study-E    

5.    Testing Inspection and Certification Market, by Service    
       5.1.    Introduction    
       5.2.    Testing Services    
       5.3.    Inspection Services    
       5.4.    Certification Services    

6.    Testing, Inspection, and Certification Market by Industry Vertical    
       6.1.    Introduction    
       6.2.    Agriculture and Food    
       6.3.    Consumer Goods and Retail    
       6.4.    Construction    
       6.5.    Machinery    
       6.6.    Oil & Gas    
       6.7.    Chemicals    
       6.8.    Automotive    
       6.9.    Mining    
       6.10.    Transportation           
       6.11.    Healthcare    
       6.12.    Power Generation    
       6.13.    Marine    
       6.14.    Government    
       6.15.    Financial Institutions    
       6.16.    Others    

7.    Testing, Inspection, and Certification Market, by Geography    
       7.1.    Introduction    
       7.2.    Europe    
                7.2.1.    Germany    
                7.2.2.    U.K    
                7.2.3.    France    
                7.2.4.    Italy    
                7.2.5.    Spain    
                7.2.6.    Rest of Europe    
       7.3.    Asia-Pacific    
                7.3.1.    China    
                7.3.2.    Japan    
                7.3.3.    India    
                7.3.4.    Rest of Asia-Pacific    
       7.4.    North America    
                7.4.1.    U.S    
                7.4.2.    Canada    
       7.5.    Middle East & Africa    
       7.6.    Latin America    

8.    Competitive Landscape    
       8.1.    Introduction    
       8.2.    Key Growth Strategies    
       8.3.    Competitive Benchmarking    
       8.4.    Market Share Analysis    

9.    Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)
       9.1.    SGS S.A    
       9.2.    Bureau Veritas S.A.    
       9.3.    Intertek Group Plc    
       9.4.    TÜV SÜD    
       9.5.    Dekra SE    
       9.6.    TÜV Rheinland AG Group    
       9.7.    Applus+    
       9.8.    Eurofins Scientific SE    
       9.9.    British Standards Institution (BSI) Group           
       9.10.    Lloyd’s Register Group Limited    
       9.11.    Mistras Group, Inc.    
       9.12.    DNV GL    
       9.13.    Element Materials Technology    
       9.14.    ALS    
       9.15.    UL LLC           

10.    Appendix    
        10.1.    Questionnaire    
        10.2.    Available Customization    

List of Tables

Table 1    Currency Conversion Rate, 2016–2019    
Table 2    Impact Assessment of Covid-19 On The Testing, Inspection and Certification Market (USD Million)    
Table 3    Global Testing, Inspection, and Certification Market Size, by Service, 2018–2027 (USD Million)    
Table 4    Global Testing Services Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 5    Global Inspection Services Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 6    Global Certification Services Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 7    Global Testing, Inspection, and Certification Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 8    Global Testing, Inspection and Certification Market Size for Agriculture & Food Vertical, by Country/Region 2018–2027 (USD Million)    
Table 9    Global Testing, Inspection and Certification Market Size for Consumer Goods and Retail Vertical, by Country/Region 2018–2027 (USD Million)    
Table 10    Global Testing, Inspection and Certification Market Size for Construction Vertical, by Country/Region, 2018-2027 (USD Million)    
Table 11    Global Testing, Inspection & Certification Market Size for Machinery Vertical, by Country/Region, 2018–2027 (USD Million)    
Table 12    Global Testing, Inspection and Certification Market Size for Oil & Gas Vertical, by Country/Region 2018–2027 (USD Million)    
Table 13    Global Testing, Inspection and Certification Market Size for Chemicals, by Country/Region 2018–2027 (USD Million)    
Table 14    Global Testing, Inspection and Certification Market Size for Automotive Vertical, by Country/Region 2018–2027 (USD Million)    
Table 15    Global Testing, Inspection and Certification Market Size for Mining, by Country/Region, 2018-2027 (USD Million)    
Table 16    Global Testing, Inspection and Certification Market Size for Transportation, by Country/Region 2018–2027 (USD Million)    
Table 17    Global Testing, Inspection and Certification Market Size for Healthcare & Life Sciences Vertical, by Country/Region, 2018-2027 (USD Million)    
Table 18    Global Testing, Inspection and Certification Market Size for Power Generation Vertical, by Country/Region, 2018-2027 (USD Million)    
Table 19    Global Testing, Inspection and Certification Market Size for Marine Vertical, by Country/Region 2018–2027 (USD Million)    
Table 20    Global Testing, Inspection and Certification Market Size for Government Vertical, by Country/Region 2018–2027 (USD Million)    
Table 21    Global Testing, Inspection & Certification Market Size for Financial Institutions, by Country/Region, 2018–2027 (USD Million)    
Table 22    Global Testing, Inspection & Certification Market Size for Other Industry Verticals, by Country/Region, 2018–2027 (USD Million)    
Table 23    Global Testing, Inspection, and Certification Market Size, by Country/Region, 2018–2027 (USD Million)    
Table 24    Europe: TIC Market Size, by Country, 2018–2027 (USD Million)    
Table 25    Europe: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 26    Europe: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 27    Germany: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 28    Germany: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 29    U.K: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 30    U.K: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 31    France: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 32    France: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 33    Italy: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 34    Italy: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 35    Spain: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 36    Spain: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 37    Rest of Europe: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 38    Rest of Europe: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 39    Asia-Pacific: TIC Market Size, by Country, 2018–2027 (USD Million)    
Table 40    Asia-Pacific: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 41    Asia-Pacific: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 42    China: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 43    China: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 44    Japan: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 45    Japan: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 46    India: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 47    India: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 48    Rest of Asia-Pacific: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 49    Rest of Asia-Pacific: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)
Table 50    North America: TIC Market Size, by Country, 2018–2027 (USD Million)    
Table 51    North America: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 52    North America: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 53    U.S: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 54    U.S: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 55    Canada: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 56    Canada: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 57    Middle East & Africa: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 58    Middle East & Africa: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)
Table 59    Latin America: TIC Market Size, by Service, 2018–2027 (USD Million)    
Table 60    Latin America: TIC Market Size, by Industry Vertical, 2018–2027 (USD Million)    
Table 61    Recent Developments by Major Players During 2017–2019

List of Figures

Figure 1       Market Ecosystem    
Figure 2       Key Stakeholders    
Figure 3       Research Process    
Figure 4       Key Secondary Resources    
Figure 5       Primary Research Techniques    
Figure 6       Key Executives Interviewed    
Figure 7       Breakdown of Primary Interviews (Supply-Side & Demand-Side)    
Figure 8       Market Sizing and Growth Forecast Approach    
Figure 9       Key Insights    
Figure 10    Testing, Inspection & Certification Market, by Service, 2020 Vs.2027    
Figure 11    Testing, Inspection & Certification Market, by Industry Vertical, 2020 Vs. 2027    
Figure 12    Testing, Inspection and Certification Market, by Region    
Figure 13    Impact Assessment of Covid-19 on the TIC Market (Market Growth)    
Figure 14    Global Testing, Inspection, And Certification Market Size, by Service, 2020–2027 (USD Million)    
Figure 15    Global Testing, Inspection, And Certification Market Size, by Industry Vertical, 2020–2027 (USD Million)    
Figure 16    Testing, Inspection & Certification Market Size, by Geography, 2020–2027 (USD Million)    
Figure 17    Geographic Snapshot: European TIC Market    
Figure 18    Geographic Snapshot: Asia-Pacific TIC Market    
Figure 19    Geographic Snapshot: North American TIC Market    
Figure 20    Growth Strategies Adopted by The Key Players    
Figure 21    Testing, Inspection and Certification Market: Competitive Benchmarking    
Figure 22    Global TIC Market Share, by Key Players, 2020    
Figure 23    SGS S.A: Financial Overview, 2019    
Figure 24    Bureau Veritas S.A.: Financial Overview, 2019    
Figure 25    Intertek Group Plc: Financial Overview, 2019    
Figure 26    TÜV SÜD: Financial Overview, 2019    
Figure 27    Dekra SE: Financial Overview, 2019    
Figure 28    TÜV Rheinland AG Group: Financial Overview, 2019    
Figure 29    Applus+: Financial Overview, 2019    
Figure 30    Eurofins Scientific Se: Financial Overview, 2019    
Figure 31    British Standards Institution (BSI) Group: Financial Overview, 2019    
Figure 32    Lloyd’s Register Group Limited: Financial Overview, 2019    
Figure 33    Mistras Group, Inc.: Financial Overview, 2019    
Figure 34    DNV Gl: Financial Overview, 2019    
Figure 35    ALS: Financial Overview, 2020    

 

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