As per our analysis report, the global Testing, Inspection, and Certification Market is expected to reach USD 328 Billion by 2029 from USD 244 Billion in 2024, growing at a compound annual growth rate (CAGR) of 4.01 % during the forecast timeline.
Researchers included various players in the scope, including SGS SA, Bureau Veritas (BV), DEKRA Certification B.V., Intertek Group PLC, TUV SUD AG, and others. These significant firms offer testing, certification, and inspection services to a wide range of industries, including foods and drinks, consumer goods and retail, commercial, and others. These services are utilized in a variety of applications, including supply chain certification, product testing, industrial site inspections, periodic inspections, management system auditing and certification, and others.
Growing consumer goods testing and inspection demand, as well as an increase in online purchasing behaviors, have provided enormous opportunities for TIC market participants. The retail industry in India was valued at USD 1.39 billion in 2020, according to the India Brand Equity Foundation Organization, and is accounted at USD 2.14 billion in 2021. Demand for testing, certification, and inspection services has increased as consumer goods demand has increased in the world's most populous countries, such as China and India. With increased demand for high-quality and safe consumer goods, several big corporations are extending their testing, inspection, and certification services globally. For instance, Bureau Veritas will collaborate with the Cleveland Clinic, a non-profit medical care organization, in June 2020. Through this collaboration, the companies hope to improve hygiene control standards and uniform health safety in retail and food outlets in the midst of the COVID-19 pandemic.
Several governments have made testing and inspection certification essential in order to assure that products are safe and of good quality. To satisfy regulatory requirements, consumer items must undergo quality and safety testing performed by an impartial laboratory. Increasingly strict laws and regulations for manufacturers all over the world to follow in order to ensure human and environmental safety drives growth.
The cost of TIC services varies by sector, geographical location, and product price. TIC services are pricey in wealthy nations. According to the SGS SA testing service provider, quarterly certification prices in Germany, France, and the United States range from USD 500 to USD 1,500. According to ALS Limited, the cost of inspecting consumer and retail items ranges from USD 200 to $1,000 in China, India, and other countries. Such a high cost for inspection and certification is too expensive for small and medium-sized industrial operators. As a result, the high cost of these services impedes the growth of the Testing, Inspection, and Certification market.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
4.01% |
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Segments Covered |
By Service Type, Sourcing Type, Industry and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Dekra Certification B.V., SGS SA, Bureau Veritas, TUV SUD AG, APPLUS+, DNV GL, Socotec Group, Intertek Group PLC, ALS Limited, Eurofins Scientific SE and Others. |
Based on service type, the market is divided into three categories: testing, inspection, and certification. Due to growing industrial investments and rising consumer product demand globally, testing is expected to account for the largest market share over the forecast period. Because end-user customers are more concerned with quality and transparency, producers concentrate on creating and marketing high-quality items in an ethical manner, boosting the need for testing services.
Furthermore, certification and inspection services are gradually expanding as a result of severe laws and regulations for consumer health safety in many countries.
Organizations that provide in-house and outsourced testing, inspection, and certification services may differ depending on the application. Due to the relevance of applications, firms such as the public sector and mining, for example, prefer in-house testing, inspection, and certification services over outsourced TIC services. Consumer goods and environmental industries, on the other hand, are more likely to choose TIC outsourcing.
Outsourcing is estimated to increase the quickest throughout the forecast period since third-party TIC is a low-cost conformity assessment approach that results in higher compliance levels. Furthermore, it assists government agencies in increasing efficiency and managing market surveillance resources, all while increasing customer pleasure with safer products. It also helps firms reduce internal compliance expenses and navigate global market restrictions more efficiently.
The market is segmented by industry into consumer goods and retail, agriculture and food, chemicals, oil and gas, manufacturing, and others. Because of the increased popularity of e-commerce websites for purchasing retail products, consumer goods and retail are predicted to have the largest market share throughout the projection period. Furthermore, the testing, certification, and inspection sector is growing, owing to increased client knowledge of standard and certified commodities through online e-commerce portals.
According to the United Nations Conference on Trade and Development (UNCTAD) study from May 2021, the e-commerce industry increased to USD 26.7 trillion, with retail and consumer goods share growing from 16 percent to 19 percent in 2020. Such growth in the consumer products and retail sectors drives up demand for certification and testing services all around the world.
Agriculture and food, as well as oil and gas, chemicals, and manufacturing, are predicted to rise dramatically, leading in greater international trade activities in these industries. According to UNCTAD's November 2021 report, global imports and exports of goods were USD 5.6 trillion in the third quarter of 2021. These worldwide import-export activities need a wide range of third-party certification, inspection, and testing services for product verification and quality assurance, leading in market expansion.
During the projection period, North America is predicted to increase gradually. This is largely because customer knowledge of standard and customized items is growing. According to the February 2020 CSA Group Testing & Certification Organization Survey, around 69% of North American customers purchased items with the CSA and other certification marks in 2020. The market is expanding as consumers become more aware of standard and certified items.
During the forecast period APAC is expected to develop at fastest CAGR due to the end-user investment in manufacturing, electronics, and automotive sectors has expanded in emerging nations such as China, Japan, India, and others. Siemens AG, General Electric Company, Toshiba Corporation, HTC Corporation, and other electronics manufacturers are expanding their production operations throughout Asia. This development is expected to create several possibilities for TIC service providers. According to the Department for Promotion of Industry and Internal Trade (DPIIT) in India, manufacturing sector investment in India totaled USD 100.35 billion between April 2000 and June 2021.
The Middle East and Africa are expected to grow at a moderate CAGR throughout the forecast period due to an increase in oil and gas exports and imports of consumer goods, food, and beverages. The overall value of these sectors' exports in 2019 was USD 924,462 million, according to the World Integrated Trade Solution Organization. It created various prospects for growth in the TIC services sector.
Similarly, South America is expected to grow at a rapid pace during the forecast period. This is attributed mostly to increased foreign trade activity and agricultural investment.
Major Key Players in the Global Testing, Inspection, and Certification Market are Dekra Certification B.V. (Netherlands), SGS SA (Switzerland), Bureau Veritas (BV) (France), TUV SUD AG (Germany), APPLUS+ (Spain), DNV GL (Norway), Socotec Group (U.K.), Intertek Group PLC (U.K.), ALS Limited (Australia), Eurofins Scientific SE (Belgium), and others.
By Service Type
By Sourcing Type
By Industry
Region
Frequently Asked Questions
Major sectors driving growth include manufacturing, automotive, food and beverages, oil and gas, and healthcare. The rise of global trade, stringent regulatory standards, and consumer demand for safe and certified products have also fueled the expansion of TIC services.
Key trends include the adoption of digital technologies like AI, blockchain, and IoT to improve testing and inspection processes, the increasing focus on sustainability and green certifications, and the growing demand for cybersecurity assessments due to the rise in connected devices and systems.
Digital technologies like AI are being used to automate inspection processes, improve data analysis, and detect flaws in real-time. Blockchain is being explored to enhance transparency and traceability in certification processes, especially in supply chain management. These innovations are expected to improve efficiency and reduce the chances of human error.
Government regulations are a major force in the TIC market, driving the need for compliance testing, inspections, and certifications. Globally, stricter regulations on product safety, environmental impact, and consumer protection are leading to increased demand for TIC services. Harmonization of regulations across borders is also becoming critical as international trade expands.
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