Testing, Inspection & Certification Market by Service Type (Testing, Inspection, Certification, and Others), By Sourcing Type (In-house Services and Outsourced Services), By Application and By Region – Opportunities & Forecast, 2020-2027
Testing, Inspection & Certification offers the services to the companies that have their operations across several industry verticals, thereby enhancing their efficiency, productivity, and process of manufacturing in order to meet the government policies and regulations. The testing, inspection & certification sector involves several conformity assessment bodies which offers a wide range of services such as auditing, inspection, testing, verification quality assurance, and other related services.
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Major Testing, Inspection & Certification Market Drivers
The factors propelling the growth of global testing, inspection & certification market include the rising demand for the regulation of materials, systems, and processes, growth in the construction, manufacturing and infrastructure sector along with increasing penetration for the outsourcing of the TIC services across the globe. In addition to this, various communication and networking technological advancements, application of stringent regulations associated to the safety of the environment, health and quality and increase in the illicit trade of pirated & counterfeit goods is leading to an increase in the requirement for testing, inspection, and certification of such goods, thereby driving growth of the market. Moreover, the rising demand of testing, inspection & certification services across the developing nations, rising export, and trade of goods between the countries will create numerous opportunities for the growth of testing, inspection & certification market worldwide. The factors restraining the growth of global testing, inspection & certification market includes the varying standards and regulations across different nations and lack of skilled personnel.
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Based on the service type, the Certification segment is expected to grow at a higher CAGR over the forecast period owing to the rising adoption of such services as it helps to enhance the performance and the safety related to the products. The social responsibility, quality, environment, and other services included in certification is leading to the increased productivity and performance of the business, thus driving the market growth of this segment.
Based on the sourcing type, the In-house Services segment is anticipated to increase at a higher CAGR during the forecast period owing to the increase in the utilization of these services as it enables the companies to attain complete control across its process.
Based on the application, the Agriculture & Food segment is expected to grow at a higher CAGR over the forecast period due to the high adoption of testing, inspection & certification in this application as it comprises of several principles of safety, sustainability, and others. Such principles requires close and regular monitoring, which drives the market growth of this segment.
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Regional – Segment Analysis
Based on the region, Asia-Pacific is anticipated to grow at a higher CAGR during the forecast period owing to the rapid urbanization, emerging markets like Japan, China, and India and the presence of major key players for the manufacturing of electronic components. In addition to this, the increase in the per capita income and government initiatives for the development of several application areas such as automotive, manufacturing, and agriculture, and other sectors, are some other factors driving the market growth in this region.
Top Market Players
Various notable players operating in the global testing, inspection & certification market include Bureau Veritas SA, DEKRA SE, SGS Group, Eurofins Scientific, Intertek Group PLC, DNV GL Group AS, Applus+, TUV SUD AG, ALS Limited, and TUV Rheinland Group among others.
Key Market Developments:
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- In 2019, DEKRA SE opened a Trust Center initiative, which is the first inspection station in China. The company has launched this initiative in combination with the other testing organizations for the complete industry so that it can accomplish its official inspection tasks in the connected and data-driven world.
- In 2019, SGR Group acquired the Testing, Engineering, and Consulting Services, Inc. in the USA. Through this acquisition, the company expanded its testing capabilities of materials in the US and also in the construction and infrastructure sectors.
Segments covered in the Report:
The global testing, inspection & certification market has been segmented on the basis of service type, sourcing type, application, and region. Based on the service type, the market is segmented into testing, inspection, certification, and others. Based on the sourcing type, the market is segmented into in-house services and outsourced services. Based on the application, the market is segmented into agriculture & food, construction & infrastructure, consumer goods & retail, chemicals, energy & power, medical & life sciences, industrial & manufacturing, oil & gas, and petroleum, mining, aerospace, automotive, public sector, railways, marine, IT & Telecom, supply chain & logistics, and others.
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Report Coverage |
Details |
Market Base Year |
2019 |
Market Forecast Period |
2020-2027 |
Market Revenues Currency |
USD Million |
Base Year & Forecast Units |
Revenues (USD Million) |
Market Segment | By Service Type, By Sourcing Type, By Application, By Region |
Regional Coverage | Asia Pacific, Europe, North America, and RoW |
Companies Profiled | Bureau Veritas SA, DEKRA SE, SGS Group, Eurofins Scientific, Intertek Group PLC, DNV GL Group AS, Applus+, TUV SUD AG, ALS Limited, and TUV Rheinland Group; a total of 10 companies covered |
25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Testing, Inspection & Certification Market by Service Type
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- Testing
- Inspection
- Certification
- Others
Global Testing, Inspection & Certification Market by Sourcing Type
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- In-house Services
- Outsourced Services
Global Testing, Inspection & Certification Market by Application
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- Agriculture & Food
- Construction & Infrastructure
- Consumer Goods & Retail
- Chemicals
- Energy & Power
- Medical & Life Sciences
- Industrial & Manufacturing
- Oil & Gas and Petroleum
- Mining
- Aerospace
- Automotive
- Public Sector
- Railways
- Marine
- IT & Telecom
- Supply Chain & Logistics
- Others
Global Testing, Inspection & Certification Market by Region
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North America Testing, Inspection & Certification Market (Option 1: As a part of the free 25% customization)
- North America Testing, Inspection & Certification Market by Service Type
- North America Testing, Inspection & Certification Market by Sourcing Type
- North America Testing, Inspection & Certification Market by Application
- US Testing, Inspection & Certification Market All-Up
- Canada Testing, Inspection & Certification Market All-Up
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Europe Testing, Inspection & Certification Market (Option 2: As a part of the free 25% Customization)
- Europe Testing, Inspection & Certification Market by Service Type
- Europe Testing, Inspection & Certification Market by Sourcing Type
- Europe Testing, Inspection & Certification Market by Application
- UK Testing, Inspection & Certification Market All-Up
- Germany Testing, Inspection & Certification Market All-Up
- France Testing, Inspection & Certification Market All-Up
- Spain Testing, Inspection & Certification Market All-Up
- Rest of Europe Testing, Inspection & Certification Market All-Up
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Asia-Pacific Testing, Inspection & Certification Market (Option 3: As a part of the free 25% Customization)
- Asia-Pacific Testing, Inspection & Certification Market by Service Type
- Asia-Pacific Testing, Inspection & Certification Market by Sourcing Type
- Asia-Pacific Testing, Inspection & Certification Market by Application
- China Testing, Inspection & Certification Market All-Up
- India Testing, Inspection & Certification Market All-Up
- Japan Testing, Inspection & Certification Market All-Up
- Rest of APAC Testing, Inspection & Certification Market All-Up
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RoW Testing, Inspection & Certification Market (Option 4: As a part of the free 25% Customization)
- RoW Testing, Inspection & Certification Market by Service Type
- RoW Testing, Inspection & Certification Market by Sourcing Type
- RoW Testing, Inspection & Certification Market by Application
- Brazil Testing, Inspection & Certification Market All-Up
- South Africa Testing, Inspection & Certification Market All-Up
- Saudi Arabia Testing, Inspection & Certification Market All-Up
- UAE Testing, Inspection & Certification Market All-Up
- Rest of world (remaining countries of the LAMEA region) Testing, Inspection & Certification Market All-Up
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Global Testing, Inspection & Certification Leading Market Players (Option 5: As a part of the free 25% Customization – Profiles of 5 Additional Companies of your Choice)
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- Bureau Veritas SA
- DEKRA SE
- SGS Group
- Eurofins Scientific
- Intertek Group PLC
- DNV GL Group AS
- Applus+
- TUV SUD AG
- ALS Limited
- TUV Rheinland Group
- Published Date: Oct - 2020
- Report Format: Excel/PPT
- Report Code: UP925A-00-0620
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Report is shared with unlimited user (employees) of the purchasing corporation only
Testing, Inspection & Certification Market by Service Type (Testing, Inspection, Certification, and Others), By Sourcing Type (In-house Services and Outsourced Services), By Application and By Region – Opportunities & Forecast, 2020-2027
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