Europe Testing, Inspection and Certification (TIC) Market Size, Share & Trends Analysis Report By Service Type (Testing, Inspection, and Certification), By Sourcing Type (In-house and Outsourced), By Application, By Country and Growth Forecast, 2024 - 2031
The Europe Testing, Inspection and Certification (TIC) Market would witness market growth of 3.9% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Testing, Inspection and Certification (TIC) Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $21,599.9 million by 2031 The UK market is exhibiting a CAGR of 3.7% during (2024 - 2031). Additionally, The France market would experience a CAGR of 4.3% during (2024 - 2031).
the introduction of automated systems along with additional technologies into consumer and business applications will play a significant role in determining the scope and significance of TIC services.
Additionally, the current development in the testing, inspection, and certification industry is the introduction of digital technology. Adopting digital technology is a top priority for companies because it is expected to speed up market growth.
Europe has several leading TIC service providers catering to various industries, including automotive, aerospace, healthcare, manufacturing, and environmental services. According to the TIC Council, the European TIC sector is typically regarded as the largest in the world due to the extensive regulation and complexity across many countries in the region. A third of the demand for TIC in 2017, the European conformity assessment business reached $71 billion in 2020, with the independent TIC sector accounting for about 35.6% of this total, and it is anticipated to increase to $85–98 billion by the end of 2024.
Based on Service Type, the market is segmented into Testing, Inspection, and Certification. Based on Sourcing Type, the market is segmented into In-house and Outsourced. Based on Application, the market is segmented into Consumer Goods & Retail, Agriculture & Food, Chemicals, Infrastructure, Manufacturing, Medical & Lifesciences, Mining, Oil & Gas, Automotive, Public Sector, and IT, Telecom & Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- SGS S.A.
- Bureau Veritas S.A.
- Intertek Group PLC
- Eurofins Scientific SE
- TÜV Rheinland AG
- Applus+ Group
- TÜV Nord Group
- DEKRA SE
- TÜV SUD
- DNV AS
By Service Type
- Testing
- Inspection
- Certification
- In-house
- Outsourced
- Consumer Goods & Retail
- Agriculture & Food
- Chemicals
- Infrastructure
- Manufacturing
- Medical & Lifesciences
- Mining, Oil & Gas
- Automotive
- Public Sector
- IT, Telecom & Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Testing, Inspection and Certification (TIC) Market, by Service Type
- 1.4.2 Europe Testing, Inspection and Certification (TIC) Market, by Sourcing Type
- 1.4.3 Europe Testing, Inspection and Certification (TIC) Market, by Application
- 1.4.4 Europe Testing, Inspection and Certification (TIC) Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.2.4 Geographical Expansions
- 4.3 Top Winning Strategies
- 4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Jan – 2023, May) Leading Players
- 4.4 Porter Five Forces Analysis
- Chapter 5. Europe Testing, Inspection and Certification (TIC) Market by Service Type
- 5.1 Europe Testing Market by Country
- 5.2 Europe Inspection Market by Country
- 5.3 Europe Certification Market by Country
- Chapter 6. Europe Testing, Inspection and Certification (TIC) Market by Sourcing Type
- 6.1 Europe In-house Market by Country
- 6.2 Europe Outsourced Market by Country
- Chapter 7. Europe Testing, Inspection and Certification (TIC) Market by Application
- 7.1 Europe Consumer Goods & Retail Market by Country
- 7.2 Europe Agriculture & Food Market by Country
- 7.3 Europe Chemicals Market by Country
- 7.4 Europe Infrastructure Market by Country
- 7.5 Europe Manufacturing Market by Country
- 7.6 Europe Medical & Lifesciences Market by Country
- 7.7 Europe Mining, Oil & Gas Market by Country
- 7.8 Europe Automotive Market by Country
- 7.9 Europe Public Sector Market by Country
- 7.1 Europe IT, Telecom & Others Market by Country
- Chapter 8. Europe Testing, Inspection and Certification (TIC) Market by Country
- 8.1 Germany Testing, Inspection and Certification (TIC) Market
- 8.1.1 Germany Testing, Inspection and Certification (TIC) Market by Service Type
- 8.1.2 Germany Testing, Inspection and Certification (TIC) Market by Sourcing Type
- 8.1.3 Germany Testing, Inspection and Certification (TIC) Market by Application
- 8.2 UK Testing, Inspection and Certification (TIC) Market
- 8.2.1 UK Testing, Inspection and Certification (TIC) Market by Service Type
- 8.2.2 UK Testing, Inspection and Certification (TIC) Market by Sourcing Type
- 8.2.3 UK Testing, Inspection and Certification (TIC) Market by Application
- 8.3 France Testing, Inspection and Certification (TIC) Market
- 8.3.1 France Testing, Inspection and Certification (TIC) Market by Service Type
- 8.3.2 France Testing, Inspection and Certification (TIC) Market by Sourcing Type
- 8.3.3 France Testing, Inspection and Certification (TIC) Market by Application
- 8.4 Russia Testing, Inspection and Certification (TIC) Market
- 8.4.1 Russia Testing, Inspection and Certification (TIC) Market by Service Type
- 8.4.2 Russia Testing, Inspection and Certification (TIC) Market by Sourcing Type
- 8.4.3 Russia Testing, Inspection and Certification (TIC) Market by Application
- 8.5 Spain Testing, Inspection and Certification (TIC) Market
- 8.5.1 Spain Testing, Inspection and Certification (TIC) Market by Service Type
- 8.5.2 Spain Testing, Inspection and Certification (TIC) Market by Sourcing Type
- 8.5.3 Spain Testing, Inspection and Certification (TIC) Market by Application
- 8.6 Italy Testing, Inspection and Certification (TIC) Market
- 8.6.1 Italy Testing, Inspection and Certification (TIC) Market by Service Type
- 8.6.2 Italy Testing, Inspection and Certification (TIC) Market by Sourcing Type
- 8.6.3 Italy Testing, Inspection and Certification (TIC) Market by Application
- 8.7 Rest of Europe Testing, Inspection and Certification (TIC) Market
- 8.7.1 Rest of Europe Testing, Inspection and Certification (TIC) Market by Service Type
- 8.7.2 Rest of Europe Testing, Inspection and Certification (TIC) Market by Sourcing Type
- 8.7.3 Rest of Europe Testing, Inspection and Certification (TIC) Market by Application
- Chapter 9. Company Profiles
- 9.1 SGS S.A.
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental Analysis
- 9.1.4 Recent strategies and developments:
- 9.1.4.1 Partnerships, Collaborations, and Agreements:
- 9.1.4.2 Mergers & Acquisition:
- 9.1.4.3 Geographical Expansions:
- 9.1.5 SWOT Analysis
- 9.2 DNV AS
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Recent strategies and developments:
- 9.2.4.1 Product Launches and Product Expansions:
- 9.2.4.2 Acquisition and Mergers:
- 9.2.5 SWOT Analysis
- 9.3 Eurofins Scientific SE
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Regional Analysis
- 9.3.4 Recent strategies and developments:
- 9.3.4.1 Product Launches and Product Expansions:
- 9.3.4.2 Acquisition and Mergers:
- 9.3.5 SWOT Analysis
- 9.4 Bureau Veritas S.A.
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Partnerships, Collaborations, and Agreements:
- 9.4.5.2 Mergers & Acquisition:
- 9.4.6 SWOT Analysis
- 9.5 Intertek Group PLC
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Recent strategies and developments:
- 9.5.4.1 Partnerships, Collaborations, and Agreements:
- 9.5.5 SWOT Analysis
- 9.6 Applus+ Group
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segment Analysis
- 9.6.4 Recent strategies and developments:
- 9.6.4.1 Partnerships, Collaborations, and Agreements:
- 9.6.4.2 Mergers & Acquisition:
- 9.6.4.3 Product Launches & Expansions:
- 9.6.5 SWOT Analysis
- 9.7 DEKRA SE
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Recent strategies and developments:
- 9.7.4.1 Partnerships, Collaborations, and Agreements:
- 9.7.4.2 Product Launches & Expansions:
- 9.7.5 SWOT Analysis
- 9.8 TÜV Nord Group
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 SWOT Analysis
- 9.9 TÜV Rheinland AG
- 9.9.1 Company Overview
- 9.9.2 Recent strategies and developments:
- 9.9.2.1 Geographical Expansions:
- 9.9.2.2 Partnerships, Collaborations & Agreements:
- 9.9.2.3 Product Launches & Expansions:
- 9.9.3 SWOT Analysis
- 9.10. TUV SUD
- 9.10.1 Company Overview
- 9.10.2 Recent strategies and developments:
- 9.10.2.1 Partnerships, Collaborations, and Agreements:
- 9.10.3 SWOT Analysis
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