1. HOME
2. Research Insight
3. Testing, Inspection, and Certification Companies - SGS SA (Switzerland) and Bureau Veritas (France) are the Key Players

The global testing, inspection, and certification (TIC) market is expected to reach USD 280.6 billion by 2029 from USD 233.2 billion in 2024, at a CAGR of 3.8% during the forecast period. The market's expansion is propelled by various factors including stringent regulatory standards in sectors like healthcare and automotive, advancements in technologies such as AI and IoT enriching testing capabilities, globalization mandating adherence to diverse standards, and an increased emphasis on quality, safety, and sustainability.

SGS SA (Switzerland), Bureau Veritas (France), Intertek Group plc (UK), Eurofins Scientific (Luxembourg), DEKRA (Germany), TÜV SÜD (Germany), DNV GL (Norway), TÜV RHEINLAND (Germany), Applus+ (Spain), ALS (Australia), TÜV NORD Group (Germany), Lloyd’s Register Group Services Limited (UK), MISTRAS Group (USA), ASTM (US), Element Materials Technology (UK), and UL LLC (US) are some of the key players in the electronic toll collection market.

To know about the assumptions considered for the study download the pdf brochure

Major Testing, Inspection, and Certification companies include:

• SGS SA (Switzerland)
• Bureau Veritas (France)
• Intertek Group plc (UK)
• Eurofins Scientific (Luxembourg)
• DEKRA (Germany)
• TÜV SÜD (Germany)
• DNV GL (Norway)
• TÜV RHEINLAND (Germany)
• Applus+ (Spain), ALS (Australia)
• TÜV NORD Group (Germany)
• Lloyd’s Register Group Services Limited (UK)
• MISTRAS Group (USA)
• ASTM (US)
• Element Materials Technology (UK)
• UL LLC (US).

SGS SA

SGS SA stands as a prominent global leader in testing, inspection, certification, and verification services, renowned for its extensive international footprint catering to diverse industries worldwide. With a comprehensive service range, the company delivers tailored solutions to meet clients' unique requirements, underpinned by unparalleled expertise and a steadfast commitment to quality and compliance. SGS SA prioritizes strategic acquisitions, partnerships, and collaborations to enrich its product spectrum and broaden its market presence. In a significant move in May 2023, the company acquired Nutrasource (Canada), a global contract research organization (CRO) specializing in the nutraceutical and pharmaceutical sectors. Nutrasource aids clients in attaining regulatory compliance and market entry for their health and wellness products. This strategic integration bolsters SGS's Health and Nutrition offerings in North America while enriching its global portfolio of health, nutrition, and wellness solutions.

Bureau Veritas

With a rich history spanning over a century in the testing, inspection, and certification sector, Bureau Veritas stands prominently among the industry's key players. The company offers a diverse array of testing, inspection, and certification services across various domains, from aerospace to transportation. Leveraging cutting-edge technologies like 5G, digital twin, blockchain, and cloud computing, Bureau Veritas ensures precise outcomes and enhances client satisfaction. It caters to client needs through a robust network of testing laboratories, particularly in industrial strongholds like France, the US, Canada, Japan, and the UK. Strategically, Bureau Veritas aims to expand its market presence by diversifying services in conventional markets and actively collaborates with industry bodies to enhance its service offerings. The company places significant emphasis on its acquisition strategy to enrich its service portfolio, as exemplified by its acquisition of AMSfashion (Switzerland) in September 2022, a move aimed at bolstering its position in European sustainability services. With aspirations for growth, Bureau Veritas targets small-scale acquisitions, a strategy underscored by its acquisition of over 100 companies in the past decade.

Eurofins Scientific

Eurofins Scientific delivers comprehensive testing services for a wide range of sectors including food, environmental, pharmaceutical, cosmetic, and forensic products, facilitated through its subsidiaries such as Eurofins Scientific, Inc. based in Iowa and Eurofins Lancaster Laboratories, Inc. situated in Pennsylvania. Renowned for its cutting-edge materials science services and contract research in agro-sciences, Eurofins Scientific is also a prominent global provider of genomics, clinical trial support, and contract development and manufacturing for biopharmaceuticals. The company holds a significant position in esoteric and molecular clinical diagnostic testing across Europe and the US. Leveraging a vast network comprising over 1,000 independent entities in 59 countries and boasting 940 laboratories with a workforce exceeding 61,000 professionals, Eurofins Scientific offers more than 200,000 analytical methods. These methods aid in assessing the safety, identity, composition, authenticity, origin, and purity of biological substances and products while also delivering innovative clinical diagnostic tests.

DEKRA

DEKRA offers a wide array of testing, inspection, and certification (TIC) services, specializing in areas such as environment and health. With a global presence spanning over 50 countries and more than 500 partners, the company operates through its key segments: Vehicle, Industrial, and Personnel. Notably, the Industrial segment caters to the increasing demand for tailored service packages and consultancy offerings, particularly in ensuring safety across processes and facilities. Its comprehensive portfolio encompasses environmental and industrial safety solutions, encompassing machinery, plant, and building inspections, along with material and product testing, and certification services. DEKRA boasts a robust client base predominantly from the Vehicle and Industrial sectors, collectively contributing to approximately 80% of the total business revenue. As a premier organization in vehicle testing and inspection globally, DEKRA Automotive leads the industry. The core operations of DEKRA encompass a wide spectrum of services including vehicle and industrial inspection, claims handling, product testing, consultancy, training, and audit services.

Intertek Group plc

Intertek Group plc, a prominent total quality assurance provider established in 1888, offers extensive testing, inspection, and certification (TIC) services worldwide, spanning various industries. With a global presence encompassing over 1,000 laboratories and offices across more than 100 countries, Intertek contributes significantly to the TIC market in several key ways. Firstly, its broad service portfolio covers diverse sectors such as food safety, pharmaceuticals, electronics, consumer goods, and oil & gas, effectively addressing the varied needs of clients and market demands. Secondly, leveraging its expansive network and technical expertise, Intertek serves global clients, facilitating international trade and ensuring compliance with regulations across different regions. Intertek's commitment to innovation is evident through its investment in research and development, harnessing technologies like AI and automation to enhance the efficiency and accuracy of TIC services. Additionally, its focus on sustainability resonates with the market's increasing demand for eco-friendly solutions, further shaping the future of the TIC industry. With numerous accreditations and industry recognitions, Intertek's credibility and expertise solidify its impact on the TIC market, contributing significantly to its growth and evolution.

Related Reports:

Testing, Inspection, and Certification Market by Service Type, Sourcing Type (In-house, Outsourced), Application (Consumer Goods & Retail, Agriculture & Food, Industrial & Manufacturing, Medical & Life Sciences) and Region - Global Forecast to 2029

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]