The Testing, Inspection, and Certification Market is expected to reach $150.9 billion by 2030, at a CAGR of 5.7% during the forecast period of 2023 to 2030. The growth of the testing, inspection, and certification market is driven by the rise in the illicit trade of forged and pirated goods and the inclination toward outsourcing TIC services. However, dynamic international regulatory standards across regions may restrain the market's growth.
Furthermore, the surge in consumer awareness toward product safety and purity is expected to offer significant growth opportunities for the testing, inspection, and certification market. However, a lack of testing facilities and skilled resources may hinder the growth of this market.
Consumer awareness plays a vital role in implementing products' quality and safety through various means, including social media, labeling, and nutritional facts. Modern-day consumers are progressively becoming aware of food-related issues, such as contaminants, allergens, physiological reactions, and effects of processed and stored food. The rising number of health-conscious consumers and increasing awareness about healthy and safe food products fuel the demand for TIC services in the food & beverage industry. Stringent regulations imposed by the government for food quality and safety concerns draw the attention of major players in the TIC market to formulate new and effective food testing and certification standards. Some of the most prominent TIC services offered by major players are food allergen testing, nutrition label testing, ISO 22000 Food Safety Management Certification, BSI Catering Food Safety Certification, Food Contaminant Testing, and Food Microbiology Testing, among others.
Drastically changing food habits, fast lifestyle, and the consistent surge in foodborne diseases have encouraged the government to introduce various regulations on food safety and its quality to reduce the number of deaths and illnesses caused. Organizations have dedicated themselves to implementing safety testing services based on framed government guidelines to address such safety concerns. Increasing standards and regulations on validation and verification services, consumer demand for certification, stringent regulations imposed by the government for food certifications, and extensive industry standards are significantly creating growth opportunities for the TIC market.
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In 2023, the Testing Services Segment is Expected to Dominate the Testing, Inspection, And Certification Market
Based on service, in 2023, the testing services segment is expected to account for the largest share of the testing, inspection, and certification market. The large market share of this segment is majorly attributed to the presence of different product standards across different regions, vast product diversity, demand for high-quality products, and strong recommendations from regulatory authorities to ensure safety.
In 2023, the Agriculture and Food Segment is Expected to Dominate the Testing, Inspection, And Certification Market
Based on sector, in 2023, the agriculture and food segment is expected to account for the largest share of the testing, inspection, and certification market. The consistent growth in the agritech sector, growing demand for organic and processed food, and the increasing need to ensure quality and improve food production are supporting the large market share of this segment.
Asia-Pacific to Register the Highest CAGR During the Forecast Period
Asia-Pacific is slated to register the highest CAGR during the forecast period. This market is expected to witness rapid growth during the forecast period due to the strict regulatory standards imposed by governments, growing consumer awareness towards quality and environmental safety, and the rise in the illicit trade of forged & pirated goods.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by major market players in the last three to four years. The key players profiled in the testing, inspection, and certification market study are SGS S.A. (Switzerland), Bureau Veritas S.A. (France), Intertek Group Plc. (U.K.), TÜV SÜD (Germany), Dekra SE (Germany), TÜV Rheinland Ag Group (Germany), APPLUS+ (Spain), Eurofins Scientific SE (U.S.), British Standards Institution (BSI) (U.K.), TÜV Lloyd’s Register Group Limited (U.K.), Mistras Group, Inc. (U.S.), DNV GL (Norway), Element Materials Technology Ltd. (U.K.), ALS Ltd. (Australia), and UL LLC (U.S.).
Scope of the Report:
Testing, Inspection, and Certification Market Assessment, by Service
Testing, Inspection, and Certification Market Assessment, by Sector
Testing, Inspection, and Certification Market Assessment, by Geography
Key questions answered in the report:
The global testing, inspection, and certification market is projected to reach $150.9 billion by 2030, at a CAGR of 5.7% during the forecast period.
The growth of the testing, inspection, and certification market is driven by the strict regulatory standards imposed by governments, the rise in the illicit trade of forged and pirated goods, and the inclination toward outsourcing TIC services.
Furthermore, the surge in consumer awareness toward product safety and purity is expected to offer significant growth opportunities for the testing, inspection, and certification market.
The key players operating in the global testing, inspection, and certification market are SGS S.A. (Switzerland), Bureau Veritas S.A. (France), Intertek Group Plc. (U.K.), TÜV SÜD (Germany), Dekra SE (Germany), TÜV Rheinland Ag Group (Germany), APPLUS+ (Spain), Eurofins Scientific SE (U.S.), British Standards Institution (BSI) (U.K.), TÜV Lloyd’s Register Group Limited (U.K.), Mistras Group, Inc. (U.S.), DNV GL (Norway), Element Materials Technology Ltd. (U.K.), ALS Ltd. (Australia), and UL LLC (U.S.).
Currently, Europe dominates the global testing, inspection, and certification market. However, Asia-Pacific is projected to register the highest CAGR during the forecast period.
Based on service, the certification services segment is expected to register the highest CAGR during the forecast period. The growth of this segment is expected to be driven by the growing significance of product credibility, government encouragement to promote product certification, dynamic standards by international standardization institutions, and growing awareness towards social and environmental responsibility.
Based on sector, the healthcare segment is expected to register the highest CAGR during the forecast period. The growth of this segment is mainly driven by the growing medical device industries, the increasing complexity of medical devices, and the stringent government regulations and standards across healthcare organizations.
This report provides pre & post COVID-19 market estimates.
1. Market Definition & Scope
1.1 Market Definition
1.2 Scope of Study
1.3 Global Testing, Inspection, and Certification Market Ecosystem
1.4 Currency & Limitation
1.4.1 Currency
1.4.2 Limitations
1.5 Key Stakeholders
2. Research Methodology
2.1 Research Approach
2.2 Process of Data Collection & Validation
2.2.1 Secondary Research
2.2.2 Primary Research / Interviews with Key Opinion Leaders of the Industry
2.3 Market Sizing and Forecast
2.3.1 Market Size Estimation Approach
2.3.2 Growth Forecast Approach
2.4 Assumptions for the Study
3. Executive Summary
3.1 Market Analysis, by Service
3.2 Market Analysis, by Sector
3.3 Market Analysis, by Geography
3.4 Competitive Analysis
4. Market Insights
4.1 Overview
4.2 Factors Affecting Market Growth
4.2.1 Drivers
4.2.1.1 Stringent Regulatory Standards Imposed by Governments
4.2.1.2 Rise in Illicit Trade of Forged and Pirated Goods
4.2.1.3 Inclination Toward Outsourcing TIC Services
4.2.2 Restraints
4.2.2.1 Dynamic International Regulatory Standards Across Regions
4.2.3 Opportunities
4.2.3.1 Surge in Consumer Awareness Toward Product Safety and Purity
4.2.4 Challenges
4.2.4.1 Lack of Testing Facilities and Skilled Resources
4.2.5 Trends
4.2.5.1 Use of Simulation in Product Testing and Validation
4.3 Case Studies
4.3.1 Case Study 1
4.3.2 Case Study 2
4.3.3 Case Study 3
4.4 Value Chain Analysis
4.5 Regulatory Analysis
4.6 Porters Five Forces Analysis
5. Testing, Inspection, and Certification Market Assessment, by Service
5.1 Overview
5.2 Testing Services
5.3 Inspection Services
5.4 Certification Services
6. Testing, Inspection, and Certification Market Assessment, by Sector
6.1 Overview
6.2 Agriculture & Food
6.3 Retail
6.4 Construction
6.5 Machinery & Equipment
6.6 Oil & Gas
6.7 Chemicals
6.8 Automotive
6.9 Mining
6.10 Transportation
6.11 Healthcare
6.12 Energy & Utilities
6.13 Marine
6.14 Government
6.15 BFSI
6.16 Other Sectors
7. Testing, Inspection, and Certification Market Assessment, by Geography
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Italy
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia-Pacific
7.4.1 China
7.4.2 South Korea
7.4.3 India
7.4.4 Japan
7.4.5 Rest of Asia-Pacific
7.5 Latin America
7.5.1 Mexico
7.5.2 Brazil
7.5.3 Rest of Latin America
7.6 Middle East & Africa
7.6.1 UAE
7.6.2 Israel
7.6.3 Rest of Middle East & Africa
8. Testing, Inspection, and Certification Market-Competitive Analysis
8.1 Overview
8.2 Key Growth Strategies
8.3 Competitive Dashboard
8.3.1 Industry Leader
8.3.2 Market Differentiators
8.3.3 Vanguards
8.3.4 Contemporary Stalwarts
8.4 Vendor Market Positioning
8.5 Market Share Analysis
9. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Recent 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)
9.10 TÜV Lloyd’s Register Group Limited
9.11 Mistras Group, Inc.
9.12 DNV GL
9.13 Element Materials Technology Ltd.
9.14 ALS
9.15 UL LLC
10. Appendix
10.1 Questionnaire
10.2 Available Customization
List of Tables
Table 1 Global Testing, Inspection, and Certification Market Size, by Country/Region, 2021–2030 (USD Million)
Table 2 Global Testing, Inspection, and Certification Market Size, by Service, 2021–2030 (USD Million)
Table 3 Global Testing Services Market Size, by Country/Region, 2021–2030 (USD Million)
Table 4 Global Inspection Services Market Size, by Country/Region, 2021–2030 (USD Million)
Table 5 Global Certification Services Market Size, by Country/Region, 2021–2030 (USD Million)
Table 6 Global Testing, Inspection, and Certification Market Size, by Sector, 2021–2030 (USD Million)
Table 7 Global Testing, Inspection, and Certification Market Size for Agriculture & Food , by Country/Region, 2021–2030 (USD Million)
Table 8 Global Testing, Inspection, and Certification Market Size for Retail, by Country/Region, 2021–2030 (USD Million)
Table 9 Global Testing, Inspection, and Certification Market Size for Construction, by Country/Region, 2021–2030 (USD Million)
Table 10 Global Testing, Inspection, and Certification Market Size for Machinery & Equipment, by Country/Region, 2021–2030 (USD Million)
Table 11 Global Testing, Inspection, and Certification Market Size for Oil & Gas, by Country/Region, 2021–2030 (USD Million)
Table 12 Global Testing, Inspection, and Certification Market Size for Chemicals, by Country/Region, 2021–2030 (USD Million)
Table 13 Global Testing, Inspection, and Certification Market Size for Automotive, by Country/Region, 2021–2030 (USD Million)
Table 14 Global Testing, Inspection, and Certification Market Size for Mining, by Country/Region, 2021–2030 (USD Million)
Table 15 Global Testing, Inspection, and Certification Market Size for Transportation, by Country/Region, 2021–2030 (USD Million)
Table 16 Global Testing, Inspection, and Certification Market Size for Healthcare, by Country/Region, 2021–2030 (USD Million)
Table 17 Global Testing, Inspection, and Certification Market Size for Energy & Utilities, by Country/Region, 2021–2030 (USD Million)
Table 18 Global Testing, Inspection, and Certification Market Size for Marine, by Country/Region, 2021–2030 (USD Million)
Table 19 Global Testing, Inspection, and Certification Market Size for Government, by Country/Region, 2021–2030 (USD Million)
Table 20 Global Testing, Inspection, and Certification Market Size for BFSI , by Country/Region, 2021–2030 (USD Million)
Table 21 Global Testing, Inspection, and Certification Market Size for Other Sectors, by Country/Region, 2021–2030 (USD Million)
Table 22 Global Testing, Inspection, and Certification Market Size, by Country/Region, 2021–2030 (USD Million)
Table 23 North America: Testing, Inspection, and Certification Market Size, by Country, 2021–2030 (USD Million)
Table 24 North America: Testing, Inspection, and Certification Market Size, by Service, 2021–2030 (USD Million)
Table 25 North America: Testing, Inspection, and Certification Market Size, by Sector, 2021–2030 (USD Million)
Table 26 U.S.: Testing, Inspection, and Certification Market Size, by Service, 2021–2030 (USD Million)
Table 27 U.S.: Testing, Inspection, and Certification Market Size, by Sector, 2021–2030 (USD Million)
Table 28 Canada: Testing, Inspection, and Certification Market Size, by Service, 2021–2030 (USD Million)
Table 29 Canada: Testing, Inspection, and Certification Market Size, by Sector, 2021–2030 (USD Million)
Table 30 Europe: Testing, Inspection, and Certification Market Size, by Country/Region, 2021–2030 (USD Million)
Table 31 Europe: Testing, Inspection, and Certification Market Size, by Service, 2021–2030 (USD Million)
Table 32 Europe: Testing, Inspection, and Certification Market Size, by Sector, 2021–2030 (USD Million)
Table 33 Germany: Testing, Inspection, and Certification Market Size, by Service, 2021–2030 (USD Million)
Table 34 Germany: Testing, Inspection, and Certification Market Size, by Sector, 2021–2030 (USD Million)
Table 35 U.K.: Testing, Inspection, and Certification Market Size, by Service, 2021–2030 (USD Million)
Table 36 U.K.: Testing, Inspection, and Certification Market Size, by Sector, 2021–2030 (USD Million)
Table 37 France: Testing, Inspection, and Certification Market Size, by Service, 2021–2030 (USD Million)
Table 38 France: Testing, Inspection, and Certification Market Size, by Sector, 2021–2030 (USD Million)
Table 39 Italy: Testing, Inspection, and Certification Market Size, by Service, 2021–2030 (USD Million)
Table 40 Italy: Testing, Inspection, and Certification Market Size, by Sector, 2021–2030 (USD Million)
Table 41 Spain: Testing, Inspection, and Certification Market Size, by Service, 2021–2030 (USD Million)
Table 42 Spain: Testing, Inspection, and Certification Market Size, by Sector, 2021–2030 (USD Million)
Table 43 Rest of Europe: Testing, Inspection, and Certification Market Size, by Service, 2021–2030 (USD Million)
Table 44 Rest of Europe: Testing, Inspection, and Certification Market Size, by Sector, 2021–2030 (USD Million)
Table 45 Asia-Pacific: Testing, Inspection, and Certification Market Size, by Country, 2021–2030 (USD Million)
Table 46 Asia-Pacific: Testing, Inspection, and Certification Market Size, by Service, 2021–2030 (USD Million)
Table 47 Asia-Pacific: Testing, Inspection, and Certification Market Size, by Sector, 2021–2030 (USD Million)
Table 48 China: Testing, Inspection, and Certification Market Size, by Service, 2021–2030 (USD Million)
Table 49 China: Testing, Inspection, and Certification Market Size, by Sector, 2021–2030 (USD Million)
Table 50 Japan: Testing, Inspection, and Certification Market Size, by Service, 2021–2030 (USD Million)
Table 51 Japan: Testing, Inspection, and Certification Market Size, by Sector, 2021–2030 (USD Million)
Table 52 India: Testing, Inspection, and Certification Market Size, by Service, 2021–2030 (USD Million)
Table 53 India: Testing, Inspection, and Certification Market Size, by Sector, 2021–2030 (USD Million)
Table 54 South Korea: Testing, Inspection, and Certification Market Size, by Service, 2021–2030 (USD Million)
Table 55 South Korea: Testing, Inspection, and Certification Market Size, by Sector, 2021–2030 (USD Million)
Table 56 Rest of Asia-Pacific: Testing, Inspection, and Certification Market Size, by Service, 2021–2030 (USD Million)
Table 57 Rest of Asia-Pacific: Testing, Inspection, and Certification Market Size, by Sector, 2021–2030 (USD Million)
Table 58 Latin America: Testing, Inspection, and Certification Market Size, by Country/Region, 2021–2030 (USD Million)
Table 59 Latin America: Testing, Inspection, and Certification Market Size, by Service, 2021–2030 (USD Million)
Table 60 Latin America: Testing, Inspection, and Certification Market Size, by Sector, 2021–2030 (USD Million)
Table 61 Mexico: Testing, Inspection, and Certification Market Size, by Service, 2021–2030 (USD Million)
Table 62 Mexico: Testing, Inspection, and Certification Market Size, by Sector, 2021–2030 (USD Million)
Table 63 Brazil: Testing, Inspection, and Certification Market Size, by Service, 2021–2030 (USD Million)
Table 64 Brazil: Testing, Inspection, and Certification Market Size, by Sector, 2021–2030 (USD Million)
Table 65 Rest of Latin America: Testing, Inspection, and Certification Market Size, by Service, 2021–2030 (USD Million)
Table 66 Rest of Latin America: Testing, Inspection, and Certification Market Size, by Sector, 2021–2030 (USD Million)
Table 67 Middle East & Africa: Testing, Inspection, and Certification Market Size, by Country, 2021–2030 (USD Million)
Table 68 Middle East & Africa: Testing, Inspection, and Certification Market Size, by Service, 2021–2030 (USD Million)
Table 69 Middle East & Africa: Testing, Inspection, and Certification Market Size, by Sector, 2021–2030 (USD Million)
Table 70 UAE: Testing, Inspection, and Certification Market Size, by Service, 2021–2030 (USD Million)
Table 71 UAE: Testing, Inspection, and Certification Market Size, by Sector, 2021–2030 (USD Million)
Table 72 Israel: Testing, Inspection, and Certification Market Size, by Service, 2021–2030 (USD Million)
Table 73 Israel: Testing, Inspection, and Certification Market Size, by Sector, 2021–2030 (USD Million)
Table 74 Rest of Middle East & Africa: Testing, Inspection, and Certification Market Size, by Service, 2021–2030 (USD Million)
Table 75 Rest of Middle East & Africa: Testing, Inspection, and Certification Market Size, by Sector, 2021–2030 (USD Million)
Table 76 Recent Developments by Major Players (2020–2023)
List of Figures
Figure 1 Research Process
Figure 2 Key Secondary Sources
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 6 Market Sizing & Growth Forecast Approach
Figure 7 Key Insights
Figure 8 In 2023, the Testing Services Segment to Dominate the Global Testing, Inspection, and Certification Market
Figure 9 In 2023, the Agriculture & Food Segment to Dominate the Testing, Inspection, and Certification Market
Figure 10 Global Testing, Inspection, and Certification Market, by Geography
Figure 11 Market Dynamics
Figure 12 Global Testing, Inspection, and Certification Market Size, by Service, 2023–2030 (USD Million)
Figure 13 Global Testing, Inspection, and Certification Market Size, by Sector, 2023–2030 (USD Million)
Figure 14 Global Testing, Inspection, and Certification Market Size, by Geography, 2023–2030 (USD Million)
Figure 15 North America: Testing, Inspection, and Certification Market Snapshot
Figure 16 Europe: Testing, Inspection, and Certification Market Snapshot
Figure 17 Asia-Pacific: Testing, Inspection, and Certification Market Snapshot
Figure 18 Latin America: Testing, Inspection, and Certification Market Snapshot
Figure 19 Middle East & Africa: Testing, Inspection, and Certification Market Snapshot
Figure 20 Key Growth Strategies Adopted by Key Players (2020–2023)
Figure 21 Global Testing, Inspection, and Certification Market Share Analysis, by Key Players (2021)
Figure 22 SGS S.A.: Financial Overview (2021)
Figure 23 Bureau Veritas S.A.: Financial Overview (2021)
Figure 24 Intertek Group Plc: Financial Overview (2021)
Figure 25 TÜV SÜD: Financial Overview (2021)
Figure 26 Dekra SE: Financial Overview (2021)
Figure 27 TÜV Rheinland AG Group: Financial Overview (2021)
Figure 28 Applus+: Financial Overview (2021)
Figure 29 Eurofins Scientific SE: Financial Overview (2021)
Figure 30 British Standards Institutions (BSI) Group: Financial Overview (2021)
Figure 31 Lloyd's Register Group Limited: Financial Overview (2021)
Figure 32 Mistras Group, Inc.: Financial Overview (2021)
Figure 33 DNV GL: Financial Overview (2021)
Figure 34 ALS: Financial Overview (2021)
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Jun-2023
Published Date: May-2023
