North America 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 North America Testing, Inspection and Certification (TIC) Market would witness market growth of 3.6% CAGR during the forecast period (2024-2031).
The US market dominated the North America 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 $69,989.1 million by 2031. The Canada market is experiencing a CAGR of 3.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 4.6% during (2024 - 2031).
Testing, Inspection, and Certification (TIC) are interconnected processes ensuring products, services, and systems meet specified requirements and standards. These processes are essential for maintaining quality, safety, and compliance across various industries.
Additionally, TIC solutions are typically required to ascertain whether the goods provided by manufacturing companies comply with the essential norms and legislation. 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 North American market is robust and continues to grow, driven by its industries' diverse and evolving needs. According to the TIC Council, the demand for TIC services generated between $30 billion and $55 billion in revenue by 2020, with the independent TIC sector accounting for about 35% of that total. The sectors that provide the highest proportions of TIC revenue are energy and utilities (15%), food and beverage (13%), and chemicals (12%).
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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
- 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 Service Type
- 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 Application
- 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
- 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. North America Testing, Inspection and Certification (TIC) Market by Service Type
- 5.1 North America Testing Market by Country
- 5.2 North America Inspection Market by Country
- 5.3 North America Certification 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 Application
- 7.1 North America Consumer Goods & Retail Market by Country
- 7.2 North America Agriculture & Food Market by Country
- 7.3 North America Chemicals Market by Country
- 7.4 North America Infrastructure Market by Country
- 7.5 North America Manufacturing Market by Country
- 7.6 North America Medical & Lifesciences Market by Country
- 7.7 North America Mining, Oil & Gas Market by Country
- 7.8 North America Automotive Market by Country
- 7.9 North America Public Sector Market by Country
- 7.1 North America IT, Telecom & Others 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 Service Type
- 8.1.2 US Testing, Inspection and Certification (TIC) Market by Sourcing Type
- 8.1.3 US Testing, Inspection and Certification (TIC) Market by Application
- 8.2 Canada Testing, Inspection and Certification (TIC) Market
- 8.2.1 Canada Testing, Inspection and Certification (TIC) Market by Service Type
- 8.2.2 Canada Testing, Inspection and Certification (TIC) Market by Sourcing Type
- 8.2.3 Canada Testing, Inspection and Certification (TIC) Market by Application
- 8.3 Mexico Testing, Inspection and Certification (TIC) Market
- 8.3.1 Mexico Testing, Inspection and Certification (TIC) Market by Service Type
- 8.3.2 Mexico Testing, Inspection and Certification (TIC) Market by Sourcing Type
- 8.3.3 Mexico Testing, Inspection and Certification (TIC) Market by Application
- 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 Service Type
- 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 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
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook