Testing, Inspection, and Certification Market Share, Size, Trends, Industry Analysis Report, By Service (Certification, Inspection, Testing); By Sourcing; By Application; By Region; Segment Forecast, 2024 - 2032

Testing, Inspection, and Certification Market Share, Size, Trends, Industry Analysis Report, By Service (Certification, Inspection, Testing); By Sourcing; By Application; By Region; Segment Forecast, 2024 - 2032

The global testing, inspection, and certification market size is expected to reach USD 509.03 Billion by 2032, according to a new study by Polaris Market Research. The report “Testing, Inspection, and Certification Market Share, Size, Trends, Industry Analysis Report, By Service (Certification, Inspection, Testing); By Sourcing; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The Testing, Inspection, and Certification (TIC) industry is a rapidly expanding sector that is pivotal in ensuring the safety, quality, and compliance of a broad range of products and services across various industries. The market has been experiencing significant growth due to a heightened awareness among consumers, increasingly stringent regulations, and the need for quality assurance.

The increasing need for quality control and safety measures primarily drives the market. As globalization and outsourcing continue to rise, companies face greater challenges in maintaining the quality and safety standards of their products. Consequently, they are relying more and more on third-party services for testing, inspection, and certification to ensure their products meet regulatory requirements and customer expectations. The surge in product further propels the growth of the market recalls and safety concerns, which highlight the indispensability of TIC services.

Nevertheless, the market faces challenges due to the high cost associated with TIC services, which represent a substantial expense for companies. Additionally, the lack of standardization in testing and inspection methods results in consistent outcomes, engendering confusion and trust among clients.

The growth of the market is predominantly driven by the surging demand for quality and safety across diverse industries, including but not limited to consumer goods, industrial equipment, and healthcare. The rising awareness among consumers regarding the quality and safety of the products they avail has compelled companies to ensure that their products comply with rigorous safety and quality standards. This has resulted in an upsurge in the demand for TIC services, which provide impartial verification that products adhere to pertinent regulations and industry standards.

Testing, Inspection, and Certification Market Report Highlights

• The inspection segment holds a significant position in the market owing to its crucial role in enforcing compliance with safety regulations and standards, especially in industries such as manufacturing, construction, oil & gas, and transportation.
• The consumer goods and retail industry is poised for significant expansion as there is a rising need for safety and quality assurance in consumer products. This demand has been brought about by increasing awareness among consumers, who are keen on purchasing products that meet the required safety standards.
• In 2023, the Asia Pacific region dominated the global market due to the rapid industrialization in countries like China, India, and Indonesia. This rise in industrialization has led to a surge in demand for Testing, Inspection, and Certification (TIC) services, which are crucial for ensuring product safety and quality.
• The global key market players include ALS, Applus+, Bureau Veritas, DEKRA, DNV AS, Element Materials Technology, Eurofins Scientific, Intertek Group plc, MISTRAS Group, SGS (Société Générale de Surveillance) SA, TÜV NORD GROUP, TÜV Rheinland, TÜV SÜD, UL LLC, among others.

Polaris Market Research has segmented the Testing, Inspection, and Certification market report based on service, sourcing, application, and region:

Testing, Inspection, and Certification, Service Outlook (Revenue - USD Billion, 2019 - 2032)

• Certification
• Inspection
• Testing

Testing, Inspection, and Certification, Sourcing Outlook (Revenue - USD Billion, 2019 - 2032)

• In-house
• Outsourced

Testing, Inspection, and Certification, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Aerospace and Defense
• Agriculture and Food
• Automotive
• Chemicals
• Consumer Goods and Retail
• Education
• Energy and Power
• Government
• Healthcare
• Infrastructure
• Manufacturing
• Mining
• Oil, Gas and Petroleum
• Public Sector
• Supply Chain and Logistics
• Others

Testing, Inspection, and Certification, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

- U.S.

- Canada

• Europe

- Germany

- UK

- France

- Italy

- Spain

- Russia

- Netherlands

- Rest of Europe

• Asia Pacific

- China

- India

- Japan

- South Korea

- Indonesia

- Malaysia

- Australia

- Rest of APAC

• Latin America

- Argentina

- Brazil

- Mexico

- Rest of Latin America

• Middle East & Africa

- UAE

- Saudi Arabia

- Israel

- South Africa

- Rest of MEA