Global Testing, Inspection, Certification Market Size 2017 by Type (Testing, Inspection, Certification), by Source (In-house, Outsourced) by Application (Consumer Goods, Food & Agriculture, Oil & Gas, Construction, Chemicals, Mining, Machinery, Transportation, Automotive, Power Generation, Government Services, Marine, Healthcare, Others (Finance, Process, etc.), by Region and Forecast 2018 to 2025
Mar 2019
Total Pages: 90
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The global testing, inspection and certification market was valued at USD 175.48 billion in 2017. The global testing, inspection and certification market is driven by the increasing need for third-party test services. The arrival of new technologies with strict environmental legislation and the rising number of health safety measures have transformed the overall viewpoint of the industry with regards to the acquiescence of regulations and standards.
Testing, inspection, and certification play a noteworthy role to certify that the services, infrastructure, and products are met with set regulations and standards relating to quality and safety. With testing & inspection at regular timeframes across a limited number of industries, such as oil & gas becoming compulsory, the global testing, inspection, and certification services industry are expected to witness huge growth irrespective of the seasonality of industries.
The testing, inspection and certification sector comprises assessment authorities who deliver services ranging from inspection and auditing to quality assurance, testing, verification, and certification. The testing, inspection and certification market is expected to witness a high growth owing to evolving governance by technology alliances. The sector works independently to offer a broad range of services which consist of testing of products, industrial inspections, valuation of shipments, and certification of management systems, infrastructure & construction, and training among the aforementioned areas.
The market for testing, inspection, and certification witnessed a high growth owing to the advancement in technology which comprises Smart Sensors. Basically, testing, inspection, and certification market is evolving globally with the increasing competition to offer nice testing, inspection, and certification services. The leading strategies in this market such as technological investments and service launches help companies to grow and remain technically competitive in the market.
Key segments of the global testing, inspection and certification market
Type Overview, 2013-2023 (USD billion)
- Testing
- Inspection
- Certification
Source Overview, 2013-2023 (USD billion)
- In-house
- Outsourced
Application Overview, 2013-2023 (USD billion)
- Consumer Goods
- Food & Agriculture
- Oil & Gas
- Construction
- Chemicals
- Mining
- Machinery
- Transportation
- Automotive
- Power Generation
- Government Services
- Marine
- Healthcare
- Others (Finance, Process, etc.)
Regional Overview, 2013-2023 (USD billion)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- Korea
- India
- Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Middle East
- Africa
Reasons for the study
- The aim of the study is to provide a comprehensive view of the global testing, inspection, certification market industry.
- The segmentation by type, by source, by application of the global testing, inspection, and certification market is revealed in this report. The testing segment has gained immense importance and acts as a key segment of the testing, inspection, certification market for generating revenues.
- During research on the testing, inspection and certification services on a global level, we noticed that the use of the testing segment is expanding and being more often used by companies as their primary feature.
What does the report include?
- The study on the global testing, inspection, certification market covers factors including driving and restraining factors as well as opportunities
- Moreover, the market has been assessed using the value chain and PEST analysis
- The study covers qualitative analysis of the market segmented on the basis of type, source, application, and region. Moreover, the study provides comparable information for key geographies.
- Actual market data and projections have been given for all the above-mentioned segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
This study is apt for industry members and shareholders in the global testing, inspection and certification industry, who want an in-depth insight into the market. The report will benefit:
- Executives of testing, inspection, and certification that are engaged in the testing and certification services.
- Venture capitalists and investors
- Financial & government organizations and regulatory bodies & policymakers
- Individual researchers, educators, analysts & strategy managers following the market and seeking insights to predict future strategies
As a general observation, increasing disposable incomes especially among the middle classes, rising spending on quality assurance, increasing demand for consumer goods, rising number of TIC players across the globe as well as increase in the overall growth of the testing industry among consumer electronics are some key aspects anticipated to drive the growth of the global testing, inspection and certification market. The demand for high-quality products has bolstered lately and testing, inspection, and certification services ensure that the products meet the domestic and international legislation regarding quality and safety. The testing, inspection, and certification market is totally reliant on the regulations & standards set by different countries worldwide.
The demand for testing, inspection and certification services is increasing rapidly due to increasing implementation of strict norms associated with environmental safety, quality, and health. Growing demand from consumers seeking assurance of third-party goods & products as well as increased focus on risk awareness and risk prevention are some other factors triggering the growth of the global testing, inspection and certification industry. Globalization has led to an increase in trade across countries which has positively impacted the growth of the global testing, inspection, and certification market.
Success Tips for TIC Players
In the years to come, outdated success strategies such as track record, accreditation and market goodwill will no longer be adequate to succeed in the global testing, inspection and certification industry. Advanced digital techniques are expected to be critical. Since most of the old players in the global TIC industry are technically immature, especially when equated with external and newer competition, they will need to make considerable investments in digital technology to speed up in this ever competitive market.
The testing services accounted for over 65% of the global testing, inspection, and certification market share in 2017. The testing services chiefly focus on gauging the performance and properties of the services and products. The growth of this segment is accredited to the increasing concerns among consumers regarding the safety and quality of the goods. The increase in conscious consumerism is compelling market giants to safeguard their reputation by maintaining product quality and by obeying government regulations and standards. Furthermore, the introduction of several government standards for product quality and safety are also fostering market growth.
Certification services are projected to foresee a substantial growth with a CAGR of nearly 4% over the forecast period. The growth of this segment is mainly driven by the continuous efforts of several governments across the globe to limit the expansion of products with high energy consumption. Also, the increasing demand for testing, inspection, and certification among electronic manufacturers to obey the international norms is bolstering the demand for outsourced certification providers. However, the end to the carbon certificate desired by the Kyoto Protocol has severely affected the market growth.
In terms of geographical divergence, Europe is projected to dominate the global testing, inspection, and certification market. The key aspect that contributes to the growth of this region is the execution of the stringent norms regarding quality and safety of products especially in major domains such as logistics & transportation, wastewater and water, food & beverages and chemicals & materials. The European government has announced several guidelines to improve the environmental health, product safety and overall life cycle of the TIC infrastructure. For instance, in mid-2018, the UK government launched new guidelines for the reduction of carbon emissions. The Carbon Reduction Commitment in the UK has broadened the current emission structures to consist of non-energy businesses as well as public sector institutions with high energy consumption. Furthermore, the presence of market giants in the country such as Bureau Veritas, SGS, and Intertek are also supporting the market growth.
North America is also projected to foresee a robust market growth in the foreseeable years due to the implementation of the advanced methods & techniques in the testing, inspection, and certification services. The developing economies of Asia Pacific such as India and China cumulatively account for a major share in the global testing, inspection, and certification market due to increased domestic and international trade, rising demand for consumer electronics and rapid growth of the FMCG industry. This region is anticipated to witness the fastest growth of nearly 5.8% over the forecast period.
The global testing, inspection and certification market was valued at USD 175.48 billion in 2017. The global testing, inspection and certification market is driven by the increasing need for third-party test services. The arrival of new technologies with strict environmental legislation and the rising number of health safety measures have transformed the overall viewpoint of the industry with regards to the acquiescence of regulations and standards.
Testing, inspection, and certification play a noteworthy role to certify that the services, infrastructure, and products are met with set regulations and standards relating to quality and safety. With testing & inspection at regular timeframes across a limited number of industries, such as oil & gas becoming compulsory, the global testing, inspection, and certification services industry are expected to witness huge growth irrespective of the seasonality of industries.
The testing, inspection and certification sector comprises assessment authorities who deliver services ranging from inspection and auditing to quality assurance, testing, verification, and certification. The testing, inspection and certification market is expected to witness a high growth owing to evolving governance by technology alliances. The sector works independently to offer a broad range of services which consist of testing of products, industrial inspections, valuation of shipments, and certification of management systems, infrastructure & construction, and training among the aforementioned areas.
The market for testing, inspection, and certification witnessed a high growth owing to the advancement in technology which comprises Smart Sensors. Basically, testing, inspection, and certification market is evolving globally with the increasing competition to offer nice testing, inspection, and certification services. The leading strategies in this market such as technological investments and service launches help companies to grow and remain technically competitive in the market.
Key segments of the global testing, inspection and certification market
Type Overview, 2013-2023 (USD billion)
- Testing
- Inspection
- Certification
Source Overview, 2013-2023 (USD billion)
- In-house
- Outsourced
Application Overview, 2013-2023 (USD billion)
- Consumer Goods
- Food & Agriculture
- Oil & Gas
- Construction
- Chemicals
- Mining
- Machinery
- Transportation
- Automotive
- Power Generation
- Government Services
- Marine
- Healthcare
- Others (Finance, Process, etc.)
Regional Overview, 2013-2023 (USD billion)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- Korea
- India
- Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Middle East
- Africa
Reasons for the study
- The aim of the study is to provide a comprehensive view of the global testing, inspection, certification market industry.
- The segmentation by type, by source, by application of the global testing, inspection, and certification market is revealed in this report. The testing segment has gained immense importance and acts as a key segment of the testing, inspection, certification market for generating revenues.
- During research on the testing, inspection and certification services on a global level, we noticed that the use of the testing segment is expanding and being more often used by companies as their primary feature.
What does the report include?
- The study on the global testing, inspection, certification market covers factors including driving and restraining factors as well as opportunities
- Moreover, the market has been assessed using the value chain and PEST analysis
- The study covers qualitative analysis of the market segmented on the basis of type, source, application, and region. Moreover, the study provides comparable information for key geographies.
- Actual market data and projections have been given for all the above-mentioned segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
This study is apt for industry members and shareholders in the global testing, inspection and certification industry, who want an in-depth insight into the market. The report will benefit:
- Executives of testing, inspection, and certification that are engaged in the testing and certification services.
- Venture capitalists and investors
- Financial & government organizations and regulatory bodies & policymakers
- Individual researchers, educators, analysts & strategy managers following the market and seeking insights to predict future strategies
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data sources
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key trends
3.2.1. Market drivers
3.2.2. Market restraints
3.2.3. Market opportunities
3.3. Value chain analysis
3.4. PEST analysis
3.5. Vendor landscape
Chapter 4. Global Testing, Inspection, Certification Market Overview, By Type
4.1. Global testing, inspection, certification market share, by type, 2017 & 2025
4.2. Testing
4.2.1. Market size and projections, 2015 - 2025
4.3. Inspection
4.3.1. Market size and projections, 2015 - 2025
4.4. Certification
4.4.1. Market size and projections, 2015 – 2025
Chapter 5. Global Testing, Inspection, Certification Market Overview, By Source
5.1. Global testing, inspection, certification market share, by source, 2017 & 2025
5.2. In-house
5.2.1. Market size and projections, 2015 - 2025
5.3. Outsourced
5.3.1. Market size and projections, 2015 – 2025
Chapter 6. Global Testing, Inspection, Certification Market Overview, By Application
6.1. Global Testing, Inspection, Certification market share, by application, 2017 & 2025
6.2. Consumer goods
6.2.1. Market size and projections, 2015 – 2025
6.3. Food and Agriculture
6.3.1. Market size and projections, 2015 – 2025
6.4. Oil and Gas
6.4.1. Market size and projections, 2015 – 2025
6.5. Construction
6.5.1. Market size and projections, 2015 – 2025
6.6. Chemicals
6.6.1. Market size and projections, 2015 – 2025
6.7. Mining
6.7.1. Market size and projections, 2015 – 2025
6.8. Machinery
6.8.1. Market size and projections, 2015 – 2025
6.9. Transportation
6.9.1. Market size and projections, 2015 – 2025
6.10. Power Generation
6.10.1. Market size and projections, 2015 – 2025
6.11. Government services
6.11.1. Market size and projections, 2015 - 2025
6.12. Marine
6.12.1. Market size and projections, 2015 - 2025
6.13. Healthcare
6.13.1. Market size and projections, 2015 - 2025
6.14. Others (Finance, Process, etc.)
6.14.1. Market size and projections, 2015 - 2025
Chapter 7. Global Testing, Inspection, Certification Market Overview, By Region
7.1. Global Testing, Inspection, Certification market share, by region, 2017 & 2025
7.1.1. North America
7.1.1.1. Market size and projections by type, 2015 – 2025
7.1.1.2. Market size and projections by source, 2015 – 2025
7.1.1.3. Market size and projections by application, 2015 – 2025
7.1.1.4. US
7.1.1.5. Canada
7.1.2. Europe
7.1.2.1. Market size and projections by type, 2015 – 2025
7.1.2.2. Market size and projections by source, 2015 – 2025
7.1.2.3. Market size and projections by application, 2015 – 2025
7.1.2.4. UK
7.1.2.5. Italy
7.1.2.6. France
7.1.2.7. Germany
7.1.2.8. Rest of Europe
7.1.3. Asia Pacific
7.1.3.1. Market size and projections by type, 2015 – 2025
7.1.3.2. Market size and projections by source, 2015 – 2025
7.1.3.3. Market size and projections by application, 2015 – 2025
7.1.3.4. South Korea
7.1.3.5. Japan
7.1.3.6. India
7.1.3.7. China
7.1.3.8. Rest of Asia Pacific
7.1.4. South America
7.1.4.1. Market size and projections by type, 2015 – 2025
7.1.4.2. Market size and projections by source, 2015 – 2025
7.1.4.3. Market size and projections by application, 2015 – 2025
7.1.4.4. Brazil
7.1.4.5. Rest of South America
7.1.5. Middle East & Africa
7.1.5.1. Market size and projections by type, 2015 – 2025
7.1.5.2. Market size and projections by source, 2015 – 2025
7.1.5.3. Market size and projections by application, 2015 – 2025
7.1.5.4. GCC
7.1.5.5. South Africa
7.1.5.6. Rest of Middle East & Africa
Chapter 8. Industry Structure
8.1. Company market share, 2016
8.2. Strategic framework
Chapter 9. Company Profiles
9.1. SGS Group
9.1.1. Company overview
9.1.2. Product portfolio
9.1.3. Key developments
9.1.4. Financial performance
9.1.5. SWOT
9.2. Bureau Veritas
9.2.1. Company overview
9.2.2. Product portfolio
9.2.3. Key developments
9.2.4. Financial performance
9.2.5. SWOT
9.3. Dekra Certification
9.3.1. Company overview
9.3.2. Product portfolio
9.3.3. Key developments
9.3.4. Financial performance
9.3.5. SWOT
9.4. Intertek.
9.4.1. Company overview
9.4.2. Product portfolio
9.4.3. Key developments
9.4.4. Financial performance
9.4.5. SWOT
9.5. TUV SUD
9.5.1. Company overview
9.5.2. Product portfolio
9.5.3. Key developments
9.5.4. Financial performance
9.5.5. SWOT
9.6. Eurofins Scientific
9.6.1. Company overview
9.6.2. Product portfolio
9.6.3. Key developments
9.6.4. Financial performance
9.6.5. SWOT
9.7. DNV GL.
9.7.1. Company overview
9.7.2. Product portfolio
9.7.3. Key developments
9.7.4. Financial performance
9.7.5. SWOT
9.8. TUV Rheinland
9.8.1. Company overview
9.8.2. Product portfolio
9.8.3. Key developments
9.8.4. Financial performance
9.8.5. SWOT
9.9. UL LLC
9.9.1. Company overview
9.9.2. Product portfolio
9.9.3. Key developments
9.9.4. Financial performance
9.9.5. SWOT
9.10. List of other vendors