North America Testing, Inspection and Certification (TIC) Market Size, Share & Industry Trends Analysis Report By Application, By Sourcing Type, By Service Type (Testing, Inspection, and Certification), By Country and Growth Forecast, 2023 - 2030
The North America Testing, Inspection and Certification (TIC) Market would witness market growth of 2.6% CAGR during the forecast period (2023-2030).
Testing, verification, quality assurance, and certification of a product, equipment, and more are all included in the services offered under the testing, inspection, and certification (TIC) umbrella. These aid in boosting manufacturing efficiency to minimize risk and reduce error. TIC services are relevant to oil and gas, food, pharmaceutical, chemical, and other industries. The growing demand for testing interoperability for IoT and connected devices, together with manufacturing organizations' increased focus on providing high-quality goods, is driving the expansion of the market.
To ascertain whether the goods provided by manufacturing companies comply with the essential norms and legislation, testing, inspection, and certification (TIC) solutions are typically required. As an illustration, testing services are employed in the automotive sector to guarantee that various components and solutions adhere to the set standards and legal criteria. The demand for TIC will rise along with rising automobile demand.
The US Consumer Product Safety Improvement Act mandates that some items be tested and certified by a third party before being on sale. Consequently, various product certification schemes are being offered by vendors to help consumers fulfill industry requirements for consumer electronics, smart, and wireless devices due to the growing use of these products in the market. The technologies covered by these initiatives include cellular PTCRB, LoRa Alliance, Bluetooth SIG, and NFC Forum. If devices use wireless and cellular technologies, these certifications are necessary. Hence, all these elements aid in expanding the regional market throughout the forecast period.
The US market dominated the North America Testing, Inspection and Certification (TIC) Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $56,675.5 million by 2030. The Canada market is experiencing a CAGR of 4.9% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 4% during (2023 - 2030).
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 Sourcing Type, the market is segmented into In-house, and Outsourced. Based on Service Type, the market is segmented into Testing, Inspection, and Certification. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SGS S.A., Bureau Veritas S.A., Intertek Group PLC, Eurofins Scientific SE, TÜV Rheinland AG, Applus+ Group, TÜV Nord Group, DEKRA SE, TUV SUD and DNV AS.
Scope of the Study
Market Segments covered in the Report:
By Application
- Consumer Goods & Retail
- Agriculture & Food
- Chemicals
- Infrastructure
- Manufacturing
- Medical & Lifesciences
- Mining, Oil & Gas
- Automotive
- Public Sector
- IT, Telecom & Others
- In-house
- Outsourced
- Testing
- Inspection
- Certification
- US
- Canada
- Mexico
- Rest of North America
- SGS S.A.
- Bureau Veritas S.A.
- Intertek Group PLC
- Eurofins Scientific SE
- TÜV Rheinland AG
- Applus+ Group
- TÜV Nord Group
- DEKRA SE
- TUV SUD
- DNV AS
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Testing, Inspection and Certification (TIC) Market, by Application
- 1.4.2 North America Testing, Inspection and Certification (TIC) Market, by Sourcing Type
- 1.4.3 North America Testing, Inspection and Certification (TIC) Market, by Service Type
- 1.4.4 North America 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
- 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. North America Testing, Inspection and Certification (TIC) Market by Application
- 5.1 North America Consumer Goods & Retail Market by Country
- 5.2 North America Agriculture & Food Market by Country
- 5.3 North America Chemicals Market by Country
- 5.4 North America Infrastructure Market by Country
- 5.5 North America Manufacturing Market by Country
- 5.6 North America Medical & Lifesciences Market by Country
- 5.7 North America Mining, Oil & Gas Market by Country
- 5.8 North America Automotive Market by Country
- 5.9 North America Public Sector Market by Country
- 5.1 North America IT, Telecom & Others Market by Country
- Chapter 6. North America Testing, Inspection and Certification (TIC) Market by Sourcing Type
- 6.1 North America In-house Market by Country
- 6.2 North America Outsourced Market by Country
- Chapter 7. North America Testing, Inspection and Certification (TIC) Market by Service Type
- 7.1 North America Testing Market by Country
- 7.2 North America Inspection Market by Country
- 7.3 North America Certification Market by Country
- Chapter 8. North America Testing, Inspection and Certification (TIC) Market by Country
- 8.1 US Testing, Inspection and Certification (TIC) Market
- 8.1.1 US Testing, Inspection and Certification (TIC) Market by Application
- 8.1.2 US Testing, Inspection and Certification (TIC) Market by Sourcing Type
- 8.1.3 US Testing, Inspection and Certification (TIC) Market by Service Type
- 8.2 Canada Testing, Inspection and Certification (TIC) Market
- 8.2.1 Canada Testing, Inspection and Certification (TIC) Market by Application
- 8.2.2 Canada Testing, Inspection and Certification (TIC) Market by Sourcing Type
- 8.2.3 Canada Testing, Inspection and Certification (TIC) Market by Service Type
- 8.3 Mexico Testing, Inspection and Certification (TIC) Market
- 8.3.1 Mexico Testing, Inspection and Certification (TIC) Market by Application
- 8.3.2 Mexico Testing, Inspection and Certification (TIC) Market by Sourcing Type
- 8.3.3 Mexico Testing, Inspection and Certification (TIC) Market by Service Type
- 8.4 Rest of North America Testing, Inspection and Certification (TIC) Market
- 8.4.1 Rest of North America Testing, Inspection and Certification (TIC) Market by Application
- 8.4.2 Rest of North America Testing, Inspection and Certification (TIC) Market by Sourcing Type
- 8.4.3 Rest of North America Testing, Inspection and Certification (TIC) Market by Service Type
- 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 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:
- 9.4.6 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 Divisional and Regional Analysis
- 9.6.4 Recent strategies and developments:
- 9.6.4.1 Partnerships, Collaborations, and Agreements:
- 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:
- 9.7.5 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:
- 9.9.3 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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