Testing, Inspection, and Certification Market by Service Type (Testing, Inspection, and Certification), Sourcing Type (In-house, Outsourced), Application and Geography (2022-2027)
[517 Pages Report] The Testing, inspection, and certification market is projected to reach USD 268.9 billion by 2027 from USD 221.4 billion in 2022; it is expected to grow at a CAGR of 4.0% from 2022 to 2027. Testing, inspection, and certification services help producers improve productivity, meet global standards, and enhance product and service quality. These services (i.e., testing; inspection; verification; validation; certification; auditing; consulting; technical assistance and training; environmental quality, safety, health; asset integrity management; and project management services) can be adopted for any product, service, or process, irrespective of the sector in which the company operates. The demand for quality products has increased remarkably, reinforcing the need to assure that the manufactured products meet the national and international safety- and quality-related regulations.
The overall testing, inspection, and certification market is fragmented with the presence of a large number of local and regional market players spread across the world. The top 10 companies of the testing, inspection, and certification ecosystem contribute to less than 20% of the overall market size. Additionally, the growth in the global testing, inspection, and certification market will be driven by the medical and life sciences application, followed by agriculture and food, and consumer goods and retail applications. The market is experiencing growth due to the adoption of advanced technologies in the industrial, healthcare, and consumer electronics sectors and the introduction of new services and solutions such as virtual inspections, visual inspection, and remote auditing in the middle of the COVID-19 pandemic.
The prominent players operating in the Testing, inspection, and certification market are SGS Group (Switzerland), Bureau Veritas (France), Intertek (UK), TÜV NORD (Germany), TÜV SÜD (Germany), Eurofins Scientific (Luxembourg), TÜV Rheinland (Germany), DEKRA SE (Germany), DNV GL (Norway), Applus+ (Spain), ALS Limited (Australia), Lloyd’s Register Group (UK), MISTRAS (USA), Element Materials Technology (UK), Apave International (France), UL LLC (US), IRClass (India), QR Testing (Netherlands), TIC Sera (China), and Hohenstein (Germany).
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Impact of Covid-19 on Testing, inspection, and certification market
With the declaration of COVID-19 as a pandemic by the WHO in early 2020, governments across the world implemented strict measures to curb the spread of the virus, including restriction in the freedom of movement, shelter-in-place, and restrictions on business operations by allowing only a limited number of employees to work at any facility. This restriction on the movement led to the presence of a limited number of workers across multiple manufacturing industries across the world. This has directly impacted the production levels, leading to an increase in the overall costs, including under-absorbed overhead and logistics costs, in 2020.
Many testing, inspection, and certification companies are also collaborating with various non-profit organizations to offer affordable mass-producible testing, inspection, and certification solutions and also other related biomedical devices in higher volumes and lower costs. The healthcare industry is booming and providing several opportunities to testing, inspection, and certification service providers to introduce innovative services for meeting ever-changing client requirements. The testing, inspection, and certification market has been witnessing significant growth over the past years owing to mandatory certifications across sectors such as healthcare, consumer electronics, aerospace, and marine, increase in acceptance and usage of IoT-enabled devices that are required to be tested and inspected for their reliability and performance. However, the COVID-19 outbreak is likely to result in a decline in the growth of the testing, inspection, and certification market, especially between 2020 and 2021. This is because the pause or halt in the supply chain has stranded the volume of products in manufacturing facilities as all services had closed.
The presence of the COVID-19 outbreaks to project the growth of the testing, inspection, and certification market. The outbreak of the COVID-19 pandemic led to the closure or partial shutdown of factories, warehouses, businesses, and institutes globally. This was complemented by implementing other lockdown measures, including strict social distancing norms, restricted travel, and limited entry to warehouses, industries, and electronic businesses. Globally, most of the industries witnessed disruptions in supply chain operations and logistics-related services. Limited consumer and industrial spending, lockdown measures, and lower manufacturing rate because of supply chain disruptions have impacted the growth of the testing, inspection, and certification market owing to the decreased demand for testing, inspection, and certification services during the pandemic. The pandemic has compelled governments across the world to shift their focus and spending to the healthcare sector.
Market Dynamics:
Driver: Strict regulatory standards imposed by governments to ensure product safety and environmental protection
Increased risk to human life and environmental impact are the major concerns, creating awareness among consumers to adopt reliable and high-quality products. Organizations across the world are focused on implementing safety testing services to address product safety and quality concerns by adhering to government guidelines. These standards are designed to ensure product safety and reduce environmental impacts. For instance, in the automotive sector, governments have imposed stringent environmental regulations on original equipment manufacturers (OEMs) to control CO2 emissions. Similarly, in the US, the National Highway Traffic Safety Administration (NHTSA) and the National Transportation Safety Board (NTSB) recommended the deployment of collision avoidance systems. Thus, the enforcement of extensive government standards and stringent regulations to ensure passenger safety and security accelerates the demand for testing, inspection, and certification services in the coming years. Government initiatives and grants to uplift various sectors affected by COVID-19, such as automotive, are also expected to support the recovery and growth of the testing, inspection, and certification market. For instance, in 2020, the Japanese government proposed a package of approximately USD 240 billion to mitigate the economic impact of COVID-19 and help industries, such as automotive, to restart their production.
Stringent government regulations pertaining to food and consumer product testing, mandatory inspection regulations, and increased trade of consumer goods owing to digital transformation drive the growth of the testing, inspection, and certification market. Also, growing initiatives and favorable rules and regulations of governments worldwide toward environmental protection through cleaner production.
Restraint: Lack of global testing, inspection, and certification standards and relaxation of certification norms offered to SMEs by some government authorities
Testing, inspection, and certification standards for end-use applications and end-user industries differ from country to country. Thus, the lack of global standards affects market growth. Different countries are known for the export and import of different items. For instance, the textile industry in India has higher exports and imports than other countries; therefore, India is witnessing a surging demand for testing, inspection, and certification services for textile applications in the country. The testing, inspection, and certification market growth is driven by companies who strictly want to adhere to defined standards, and the growth is hampered when the country has relaxed norms pertaining to import and export.
Small to medium-sized testing, inspection, and certification companies face challenges in terms of receiving accreditation due to the requirement for huge capital. Additionally, each country has different certification standards. For instance, the US and China have more certification standards for electronics, while Europe has a high number of certification standards for the automotive sector. Also, the Middle East and Europe have a high number of certification standards for oil & gas industries. Many times, this creates conflict between local and international standards, thereby hindering the market growth.
Many companies define themselves as global; however, their scope for “global” varies according to compliance needs. One company might market its products in the US, Canada, and the European Union, while another might be introducing new products in more than 150 countries. Specific requirements as to where the testing must be performed, or which test reports will be accepted instead of in-country testing depends on the product and country. It is necessary for the product manufacturer to either perform product testing within the country or submit product compliance reports from an accredited lab, which requires high capital investment. First, the product manufacturer must understand the number of samples required for testing in each country. Secondly, they have to find out the countries wherein the test reports will be accepted.
Opportunity: Rising adoption of digitalization to improve customer experience
A strong focus of manufacturing firms on digital transformation is likely to help them satisfy customers by addressing, empathizing, and understanding all touchpoints through which they interact with customers every day. In 2020, consumers preferred shifting to the digital world, virtually in a variety of businesses, such as marketing, automation, customer relationship management (CRM) projects, social collaboration initiatives, and business process optimization efforts. The data can always be tracked and monitored for learning purposes. The data fetched from the people has to be safe and reliable; hence, countries are imposing several stringent regulations. For instance, China boosted its e-commerce regulations in early 2019 to counter online fraud and safeguard consumers.
Similarly, new regulations across digital marketing and e-commerce applications would aim to formalize vendors and product verification and validation processes for platforms that host them. To achieve the scale needed for compliance, e-commerce giants are expected to require assistance and consulting from testing, inspection, and certification service providers to tackle challenges with respect to data privacy, trade, automation, and many others. Due to the COVID-19 pandemic, the world turned digital. Every industry struggled to transform its work virtually. Before the pandemic, customers had less awareness and had less to no preference for virtual inspection and certification. However, the pandemic has forced key players and customers to supply and demand inspection and certification services virtually. Due to digital inspections, customers or senior people from organizations can verify and go through the inspection process from any part of the world. Also, due to digital transformation, it is easier for companies to offer digitally signed certificates. Therefore, the digital transformation of services is likely to create growth opportunities for testing, inspection, and certification players.
The certification service type segment, of Testing, inspection, and certification market is projected to have higher CAGR during the forecast period
Certification bodies issue product certificates or licenses to organizations, enabling them to display a mark of conformity on their product or issue a certificate indicating the product's conformity with specified requirements. In this way, consumers are assured that the product they are purchasing fulfill the set standards. Product certification offers companies a formal document that the product they offer has been tested by qualified personnel and adheres to codes and/or standards. Those seeking certification for their products must demonstrate that they have adequate quality control systems in place to maintain conformity of their products with the standards. The food and IT and Telecommunication applications provide lucrative opportunities for the players offering certification services. For instance, SGS launched FSMA certification audit services for cutting-edge information and communications technology (ICT) to replicate the full onsite audit experience while also maintaining the quality and effectiveness of the audit process.
The medical and life sciences application segment of the testing, inspection, and certification market is projected to grow at the highest CAGR of from 2022 to 2027
The medical and life sciences application segment of the testing, inspection, and certification market is projected to grow at the highest CAGR of from 2022 to 2027 considering the rise in the requirement for medical personal protection equipment (PPE) kits, oxygen cylinders, ventilators, masks, gowns, gloves, sterilizers, etc. in the middle the COVID-19. Countries across the world had/have imposed lockdowns, which had/have caused disturbances across different industries. These lockdowns had/have halted the production cycles across different domains. However, medical and life sciences and agriculture and food have emerged as the most important applications of testing, inspection, and certification services amid the pandemic. Testing, inspection, and certification services for medical devices such as active implant medical devices, active/non-active medical devices, in-vitro diagnostic (IVD) medical devices, ophthalmic devices, orthopedic and dental devices, and vascular medical devices are essential to ensure the safety and well-being of patients. These services support manufacturers in marketing and selling medical devices by acquiring international certificates. Changing regulations, especially for medical devices, drive the adoption of testing, inspection, and certification services by manufacturers.
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The Testing, inspection, and certification market in APAC holds highest market share during the forecast period (2022-2027)
High dependence of many countries in Europe and the Americas on Asia Pacific-based companies for medical devices, personal protection equipment (PPE) kits, pharmaceuticals, and other necessary equipment, increased research and development in the field of autonomous and connected cars (new and improved technologies), and improved lifestyles are the crucial factors driving the testing, inspection, and certification market growth in Asia Pacific. Considering huge manufacturing capabilities and exports, the Asia Pacific region is projected to account for the largest size of the testing, inspection, and certification market. The testing, inspection, and certification market in the Asia Pacific was extensively affected by the complete and partial lockdown across emerging economies in Asia Pacific, namely China and India. Though these economies continue to be the drivers for testing, inspection, and certification market growth in the region, these are also responsible for the global slowdown. Loss in the production capacity, though is less relevant as a result of outright curbs to movement, had a considerable impact on the economic growth in the initial days, leading to a ripple effect in 2021. On the other hand, low spending activities initially led to a decrease in demand for consumer goods and retail products but are now expected to bring in new market opportunities due to improved consumer spending behavior in the region.
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|
Report Metric |
Details |
|
Market Size Available for Years |
2017–2027 |
|
Base Year Considered |
2021 |
|
Forecast Period |
2022–2027 |
|
Forecast Units |
Value (USD Million ) |
|
Segments Covered |
Service Type, Sourcing Type, Application, Region |
|
Geographies Covered |
Asia Pacific, North America, Europe, Middle East, Africa, and South America |
|
Key Companies Covered |
SGS Group (Switzerland), Bureau Veritas (France), Intertek (UK), TÜV NORD (Germany), TÜV SÜD (Germany), Eurofins Scientific (Luxembourg), TÜV Rheinland (Germany), DEKRA SE (Germany), DNV GL (Norway), Applus+ (Spain), ALS Limited (Australia), Lloyd’s Register Group (UK), MISTRAS (USA), Element Materials Technology (UK), Apave International (France), UL LLC (US), IRClass (India), QR Testing (Netherlands), TIC Sera (China), and Hohenstein (Germany). |
In this report, the Testing, inspection, and certification market has been segmented into the following categories:
By Service Type:
- Testing Service
- Inspection Service
- Certification Service
By Sourcing Type:
- In-House Sourcing
- Outsourced
By Application:
- Medical & Life Science
- Consumer Goods & Retail
- Agriculture & Food
- Chemical
- Construction & Infrastructure
- Energy & Power
- Industrial & Manufacturing
- Mining
- Oil & Gas and Petroleum
- Public Sector
- Automotive
- Aerospace
- Marine
- Rail
- Supply Chain & Logistics
- IT & Telecommunication
- Sports & Entertainment
By Region:
- North America
- Europe
- Asia Pacific
- RoW
Recent Developments
- In November 2021, SGS enhanced its portfolio of sustainability solutions by acquiring a majority stake in Sulphur Experts Inc., headquartered in Calgary, Alberta, Canada. Sulphur Experts is a highly recognized company that not only provides process engineering, consulting, specialized Testing, and training services but also supports companies involved in amine gas treating and sulfur recovery activities to optimize their performance and reduce the impact of their activities on the environment.
- In November 2021, SGS opened a new laboratory in Qingdao to enhance its chemical testing capabilities in China. The 1,500 M2 lab, which has recently received the ISO 17025 accreditation, is able to provide a range of services, including pharmaceutical and raw material testing, drug packaging material testing, medical device testing, medical consumable Testing, and extractable and leachable Testing.
- In September 2021, Intertek Group plc (Intertek and Group) acquired SAI Global Assurance, a leading provider of assurance services. SAI Global Assurance is part of the wider SAI Global Group owned by the private equity firm—Baring Private Equity Asia. The acquisition strengthened Intertek’s offering by providing enhanced geographic coverage. Also, Intertek’s market position in Australia, the USA, Canada, the UK, and China became stronger with this acquisition.
- In September 2021, DEKRA extended its cybersecurity service portfolio by adding new Testing and certification services according to the ETSI EN 303 645 standard. This cybersecurity standard has been created by the European Standards Organization—ETSI. It is the first globally applicable cybersecurity standard for consumer IoT devices that establishes a common baseline that covers security and privacy best practices. DEKRA, which has solid experience in cybersecurity and uses innovative processes, supports manufacturers to demonstrate their products are secure.
- In August 2021, Bureau Veritas India introduced the Sattvik (Vegetarian) Food Certification Scheme providing best-in-class expertise to its Food Safety and Quality assessment. Sattvik Certification combines food safety regulation and vegetarianism based on sound scientific and hardcore Vedic principles to protect consumers from incidents of food-borne illness and freedom from vegetarian contamination.
- In June 2021, SGS launched online alpaca fleece testing services in New Zealand, dedicated to the specific needs of breeders and farmers. With this service offering, the company not only allows the buyers and sellers to achieve their desired quality and quantity certainly and also assists its customers in efficiently selecting animals that have the potential to produce the finest quality fiber.
Frequently Asked Questions (FAQ):
Which are the major companies in the Testing, inspection, and certification market? What are their major strategies to strengthen their market presence?
The major companies in the Testing, inspection, and certification market are – SGS Group (Switzerland), Bureau Veritas (France), Intertek (UK), TÜV NORD (Germany), TÜV SÜD (Germany), Eurofins Scientific (Luxembourg), TÜV Rheinland (Germany), DEKRA SE (Germany), DNV GL (Norway), Applus+ (Spain), ALS Limited (Australia), Lloyd’s Register Group (UK), MISTRAS (USA), Element Materials Technology (UK), Apave International (France), UL LLC (US), IRClass (India), QR Testing (Netherlands), TIC Sera (China), and Hohenstein (Germany). The major strategies adopted by these players are product launches, expansions, agreements and acquisitions.
Which is the potential market for Testing, inspection, and certification in terms of region?
Asia Pacific (APAC) is the largest market for Testing, inspection, and certification. APAC, being one of the fastest-growing markets for technology solutions, provides attractive opportunities for players offering Testing, inspection, and certification; as a result, many companies are expanding their footprint in this region. China, India, South Korea and Japan are among the key hubs in APAC that occupy the maximum share of the market of the region. The increasing government regulations would further fuel the adoption of Testing, inspection, and certifications in APAC.
Which service type segment is expected to drive the growth of the Testing, inspection, and certification market in the next 5 years?
Certification service segment among all others is expected to grow at the highest CAGR in coming years. Certification offers multiple benefits to the manufacturers and Sepwill be a great help and need in future. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 54)
1.1 STUDY OBJECTIVES
1.2 DEFINITION
1.2.1 GENERAL INCLUSIONS & EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 MARKET SEGMENTATION
1.3.2 GEOGRAPHIC ANALYSIS
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 59)
2.1 RESEARCH DATA
FIGURE 2 TESTING, INSPECTION, AND CERTIFICATION MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.1.2 Key secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key participants in primary processes across value chain of market
2.1.2.3 Breakdown of primary interviews
2.1.2.4 Key industry insights
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.2 MARKET SIZE ESTIMATION
FIGURE 3 PROCESS FLOW OF MARKET SIZE ESTIMATION
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE) —BOTTOM-UP ESTIMATION OF MARKET, BY GEOGRAPHY
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for arriving at market size by bottom-up analysis
FIGURE 5 TIC MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing market size by top-down analysis
FIGURE 6 TIC MARKET: TOP-DOWN APPROACH
2.2.3 SUPPLY-SIDE ANALYSIS
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION OF KEY MARKET PLAYERS IN MARKET
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.4 RISK ASSESSMENT
TABLE 1 RISK FACTOR ANALYSIS
2.5 RESEARCH ASSUMPTIONS AND LIMITATIONS
2.5.1 ASSUMPTIONS
2.5.2 LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 71)
FIGURE 9 SCENARIO-BASED IMPACT OF COVID-19 ON TESTING, INSPECTION, AND CERTIFICATION MARKET, 2016–2027
TABLE 2 IMPACT OF COVID-19 ON TIC MARKET, 2016–2027 (USD BILLION)
3.1 SCENARIO ANALYSIS
3.1.1 REALISTIC SCENARIO (POST-COVID-19)
3.1.2 PESSIMISTIC SCENARIO (POST-COVID-19)
3.1.3 OPTIMISTIC SCENARIO (POST-COVID-19)
FIGURE 10 TESTING SERVICES SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2022
FIGURE 11 CONSUMER GOODS AND RETAIL APPLICATION TO HOLD LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD
FIGURE 12 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING 2022–2027
4 PREMIUM INSIGHTS (Page No. - 77)
4.1 GROWTH OPPORTUNITIES IN TESTING, INSPECTION, AND CERTIFICATION MARKET
FIGURE 13 ASIA PACIFIC TO EMERGE AS LUCRATIVE GROWTH AVENUE FOR MARKET
4.2 MARKET FOR CONSUMER GOODS & RETAIL APPLICATION, BY TYPE
FIGURE 14 ELECTRICAL & ELECTRONICS SEGMENT TO CAPTURE LARGEST MARKET SHARE DURING 2022–2027
4.3 MARKET, BY SOURCING TYPE
FIGURE 15 IN-HOUSE SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE THAN OUTSOURCED SEGMENT DURING FORECAST PERIOD
4.4 MARKET IN ASIA PACIFIC, BY SERVICE TYPE AND COUNTRY
FIGURE 16 TESTING SERVICES AND CHINA TO ACCOUNT FOR LARGEST MARKET SHARE IN ASIA PACIFIC IN 2027
4.5 MARKET, BY COUNTRY
FIGURE 17 INDIA TO RECORD HIGHEST CAGR IN TIC MARKET FROM 2022 TO 2027
5 MARKET OVERVIEW (Page No. - 80)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 18 TESTING, INSPECTION, AND CERTIFICATION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Strict regulatory standards imposed by governments to ensure product safety and environmental protection
5.2.1.2 Increased need for interoperability testing owing to growing deployment of IoT and connected devices
5.2.1.3 Surged demand for testing, inspection, and certification services due to outbreak of COVID-19 pandemic
5.2.1.4 High indulgence in unlawful trade of counterfeit and flawed pharmaceutical products
5.2.1.5 Increased focus of manufacturing companies on customer retention by providing high-quality products
FIGURE 19 MARKET DRIVERS: IMPACT ANALYSIS
5.2.2 RESTRAINTS
5.2.2.1 Lack of global testing, inspection, and certification standards and relaxation of certification norms offered to SMEs by some government authorities
5.2.2.2 High cost of testing, inspection, and certification services due to diverse standards and regulations across different geographies
FIGURE 20 MARKET RESTRAINTS: IMPACT ANALYSIS
5.2.3 OPPORTUNITIES
5.2.3.1 Rising adoption of digitalization to improve customer experience
5.2.3.2 Increasing focus on food safety during pandemic
5.2.3.3 Growing adoption of breakthrough technologies by consumers worldwide
FIGURE 21 MARKET OPPORTUNITIES: IMPACT ANALYSIS
5.2.4 CHALLENGES
5.2.4.1 Slower adoption rate of advanced technologies by small and medium-sized testing, inspection, and certification companies
FIGURE 22 MARKET CHALLENGES: IMPACT ANALYSIS
5.3 VALUE CHAIN ANALYSIS
FIGURE 23 VALUE CHAIN ANALYSIS: TIC MARKET
5.4 REVENUE SHIFT AND NEW REVENUE POCKETS FOR MARKET PLAYERS
FIGURE 24 REVENUE SHIFT IN TIC MARKET
5.5 MARKET MAP/MARKET ECOSYSTEM
TABLE 3 TIC MARKET: ECOSYSTEM
FIGURE 25 KEY PLAYERS IN MARKET
5.5.1 TESTING, INSPECTION, AND CERTIFICATION MARKET
5.5.2 SUBSTITUTE TECHNOLOGY
5.6 KEY INDUSTRY TRENDS
TABLE 4 MAJOR TRENDS IN MARKET
5.7 PRICING ANALYSIS
TABLE 5 ESTIMATION OF EMC TESTING COST AT DIFFERENT STAGES
5.8 CASE STUDY ANALYSIS
5.8.1 TESTING, INSPECTION, AND CERTIFICATION SERVICES FOR FOOD MANUFACTURING COMPANY
TABLE 6 TÜV SÜD PROVIDES CERTIFICATION AND AUDITING SERVICES FOR MEIJI CO. LTD.
5.8.2 TESTING, INSPECTION, AND CERTIFICATION SERVICES FOR CLEANING AND DISINFECTION SERVICE PROVIDER
TABLE 7 TÜV SÜD PROVIDES CERTIFICATION SERVICES TO PRIMECH HOLDINGS LIMITED
5.8.3 TESTING, INSPECTION, AND CERTIFICATION SERVICES FOR ENERGY INDUSTRY
TABLE 8 APPLUS+ RTD IMPROVES FIELD SERVICE DELIVERY FOR ENERGY INDUSTRY WITH MOBILE REACH PLATFORM
5.9 PATENT ANALYSIS
5.9.1 DOCUMENT TYPE
TABLE 9 PATENTS FILED
FIGURE 26 PATENTS FILED FROM 2012 TO 2021
5.9.2 PUBLICATION TREND
FIGURE 27 NO. OF PATENTS FILED EACH YEAR FROM 2012 TO 2021
5.9.3 JURISDICTION ANALYSIS
FIGURE 28 JURISDICTION ANALYSIS
5.9.4 TOP PATENT OWNERS
FIGURE 29 TOP 10 COMPANIES IN TERMS OF PUBLISHED PATENT APPLICATIONS FROM 2012 TO 2021
TABLE 10 TOP 20 PUBLISHED PATENT OWNERS IN LAST 10 YEARS
5.10 TRADE ANALYSIS
FIGURE 30 COUNTRY-WISE EXPORT DATA FOR PRODUCTS CLASSIFIED UNDER HS CODE: 9018, 2016–2020
TABLE 11 EXPORT SCENARIO FOR HS CODE: 9018-COMPLIANT PRODUCTS, BY COUNTRY, 2016–2020 (USD THOUSAND)
FIGURE 31 COUNTRY-WISE IMPORT DATA FOR PRODUCTS CLASSIFIED UNDER HS CODE: 9018, 2016–2020
TABLE 12 IMPORT SCENARIO FOR HS CODE: 9018-COMPLIANT PRODUCTS, BY COUNTRY, 2016–2020 (USD THOUSAND)
5.11 PORTER’S FIVE FORCES ANALYSIS
FIGURE 32 PORTER’S FIVE FORCES ANALYSIS
TABLE 13 PORTER’S FIVE FORCES ANALYSIS WITH THEIR IMPACT
5.11.1 THREAT OF NEW ENTRANTS
5.11.2 THREAT OF SUBSTITUTES
5.11.3 BARGAINING POWER OF SUPPLIERS
5.11.4 BARGAINING POWER OF BUYERS
5.11.5 COMPETITIVE RIVALRY
5.12 KEY STAKEHOLDERS AND BUYING CRITERIA
5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 33 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 APPLICATIONS
TABLE 14 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 APPLICATIONS (%)
5.12.2 BUYING CRITERIA
TABLE 15 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
5.13 REGULATORY LANDSCAPE
TABLE 16 TESTING, INSPECTION, AND CERTIFICATION MARKET: REGULATORY LANDSCAPE
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 17 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 18 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 19 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 20 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14 COVID-19 IMPACT ANALYSIS
5.14.1 IMPACT ON VALUE CHAIN
5.14.1.1 Impact on market
6 UPCOMING SERVICES ACROSS TESTING, INSPECTION, AND CERTIFICATION ECOSYSTEM AND MARKET IMPACT ANALYSIS (Page No. - 111)
6.1 LIST OF KEY EMERGING/UPCOMING SERVICES
TABLE 21 UPCOMING TESTING, INSPECTION, AND CERTIFICATION SERVICES
6.2 DEMAND-SIDE ANALYSIS
6.2.1 PENETRATION OF KEY SERVICES IN POST-COVID SCENARIO
FIGURE 34 MARKET PENETRATION OF KEY SERVICES
6.3 LIST OF KEY PLAYERS OFFERING NEW SERVICES
FIGURE 35 MAJOR MARKET PLAYERS WITH NEW AND IMPROVED TESTING, INSPECTION, AND CERTIFICATION SERVICE OFFERINGS, 2020
7 TESTING, INSPECTION, AND CERTIFICATION MARKET, BY SOURCING TYPE (Page No. - 114)
7.1 INTRODUCTION
FIGURE 36 IN-HOUSE TESTING, INSPECTION, AND CERTIFICATION SERVICES TO ACCOUNT FOR LARGER MARKET SHARE IN 2022
TABLE 22 MARKET, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 23 MARKET, BY SOURCING TYPE, 2022–2027 (USD MILLION)
7.2 IN-HOUSE SERVICES
7.2.1 IN-HOUSE TESTING SERVICES WOULD CAPTURE LARGER MARKET SHARE IN COMING YEARS
7.3 OUTSOURCED SERVICES
7.3.1 MARKET FOR OUTSOURCED SERVICES TO GROW AT HIGHER CAGR CONSIDERING THEIR CONVENIENCE AND ACCURACY
8 TESTING, INSPECTION, AND CERTIFICATION MARKET, BY SERVICE TYPE (Page No. - 118)
8.1 INTRODUCTION
FIGURE 37 TESTING SERVICES TO CAPTURE LARGEST SHARE OF MARKET THROUGHOUT FORECAST PERIOD
TABLE 24 MARKET, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 25 MARKET, BY SERVICE TYPE, 2022–2027 (USD MILLION)
8.2 TESTING
8.2.1 INCREASED NEED TO TEST MEDICAL DEVICES DRIVES DEMAND FOR TESTING SERVICES
8.3 INSPECTION
8.3.1 ESCALATED DEMAND FOR ESSENTIAL COMMODITIES TO BOOST MARKET GROWTH FOR INSPECTION SERVICES
8.4 CERTIFICATION
8.4.1 PRODUCT MARKETABILITY CAN BE ACHIEVED THROUGH CERTIFICATION SERVICES
8.5 OTHERS
9 TESTING, INSPECTION, AND CERTIFICATION MARKET, BY APPLICATION (Page No. - 124)
9.1 INTRODUCTION
FIGURE 38 CONSUMER GOODS & RETAIL APPLICATION TO HOLD LARGEST SHARE OF MARKET IN 2027
TABLE 26 MARKET, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 27 MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
9.2 CONSUMER GOODS & RETAIL
9.2.1 PERSONAL CARE & BEAUTY PRODUCTS SEGMENT TO HOLD LARGEST MARKET FOR TESTING, INSPECTION, AND CERTIFICATION SERVICES IN CONSUMER GOODS & RETAIL APPLICATIONS
9.2.2 PERSONAL CARE & BEAUTY PRODUCTS
9.2.3 HARD GOODS
9.2.4 SOFTLINES & ACCESSORIES
9.2.5 TOYS & JUVENILE PRODUCTS
9.2.6 ELECTRICAL & ELECTRONICS
9.2.7 OTHERS
FIGURE 39 ELECTRICAL & ELECTRONICS SEGMENT TO HOLD LARGEST SHARE OF MARKET FOR CONSUMER GOODS & RETAIL APPLICATIONS IN 2027
TABLE 28 MARKET FOR CONSUMER GOODS & RETAIL APPLICATION, BY TYPE, 2017–2021 (USD MILLION)
TABLE 29 MARKET FOR CONSUMER GOODS & RETAIL APPLICATION, BY TYPE, 2022–2027 (USD MILLION)
9.3 AGRICULTURE & FOOD
9.3.1 HIGH-QUALITY PRODUCTION AND SAFETY OF AGRICULTURE AND FOOD PRODUCTS ARE ENSURED BY TESTING AND CERTIFICATION SERVICES
9.3.2 SEEDS & CROPS
9.3.3 FERTILIZERS
9.3.4 COMMODITIES
9.3.5 FOOD
9.3.6 MEAT
9.3.7 FORESTRY
9.3.8 OTHERS
TABLE 30 MARKET FOR AGRICULTURE & FOOD APPLICATION, BY TYPE, 2017–2021 (USD MILLION)
TABLE 31 MARKET FOR AGRICULTURE & FOOD APPLICATION, BY TYPE, 2022–2027 (USD MILLION)
9.4 CHEMICAL
9.4.1 STRINGENT REGULATIONS IMPOSED BY GOVERNMENT ON CHEMICAL MANUFACTURING COMPANIES WORLDWIDE HAVE CREATED DEMAND FOR TESTING AND CERTIFICATION SERVICES
9.4.2 ASSET INTEGRITY MANAGEMENT SERVICES
9.4.3 PROJECT LIFECYCLE SERVICES
9.4.4 FINISHED PRODUCT SERVICES
9.4.5 CHEMICAL FEEDSTOCK SERVICES
9.4.6 OTHERS
TABLE 32 MARKET FOR CHEMICAL APPLICATION, BY TYPE, 2017–2021 (USD MILLION)
TABLE 33 MARKET FOR CHEMICAL APPLICATION, BY TYPE, 2022–2027 (USD MILLION)
9.5 CONSTRUCTION & INFRASTRUCTURE
9.5.1 TRANSFORMATION OF CONVENTIONAL PROCESSES TO DIGITAL HAS ENCOURAGED TESTING, INSPECTION, AND CERTIFICATION COMPANIES TO INTRODUCE NEWER CONSTRUCTION-RELATED SERVICES
9.5.2 PROJECT MANAGEMENT SERVICES
9.5.3 MATERIAL SERVICES
9.5.4 CONSTRUCTION MACHINERY & EQUIPMENT SERVICES
9.5.5 FACILITIES MANAGEMENT & INSPECTION SERVICES
9.5.6 OTHERS
TABLE 34 MARKET FOR CONSTRUCTION & INFRASTRUCTURE APPLICATION, BY TYPE, 2017–2021 (USD MILLION)
TABLE 35 MARKET FOR CONSTRUCTION & INFRASTRUCTURE APPLICATION, BY TYPE, 2022–2027 (USD MILLION)
9.6 ENERGY & POWER
9.6.1 INCENTIVIZATION ON RENEWABLE ENERGY PROJECTS BY VARIOUS GOVERNMENTS FUELS DEMAND FOR TESTING, INSPECTION, AND CERTIFICATION SERVICES TO ENSURE IMPROVED PERFORMANCE OF POWER PLANTS
9.6.2 ENERGY SOURCES
9.6.2.1 Nuclear
9.6.2.2 Wind
9.6.2.3 Solar
9.6.2.4 Alternative fuels
9.6.2.5 Fuel oil & gases
9.6.2.6 Coal
9.6.3 POWER GENERATION
9.6.4 POWER DISTRIBUTION
9.6.5 ASSET INTEGRITY MANAGEMENT SERVICES
9.6.6 PROJECT LIFECYCLE SERVICES
9.6.7 OTHERS
TABLE 36 MARKET FOR ENERGY & POWER APPLICATION, BY TYPE, 2017–2021 (USD MILLION)
TABLE 37 MARKET FOR ENERGY & POWER APPLICATION, BY TYPE, 2022–2027 (USD MILLION)
9.7 INDUSTRIAL & MANUFACTURING
9.7.1 QUALITY, SAFETY, AND PERFORMANCE OF PRODUCTS IN INDUSTRIAL AND MANUFACTURING ARE ENSURED USING TESTING, INSPECTION, AND CERTIFICATION SERVICES
9.7.2 SUPPLIER-RELATED SERVICES
9.7.3 PRODUCTION- & PRODUCT-RELATED SERVICES
9.7.4 PROJECT-RELATED SERVICES
9.7.5 OTHERS
TABLE 38 MARKET FOR INDUSTRIAL & MANUFACTURING APPLICATION, BY TYPE, 2017–2021 (USD MILLION)
TABLE 39 MARKET FOR INDUSTRIAL & MANUFACTURING APPLICATION, BY TYPE, 2022–2027 (USD MILLION)
9.8 MEDICAL & LIFE SCIENCES
9.8.1 PANDEMIC HAS OPENED DOORS FOR NEWER AND ADVANCED HEALTHCARE PRODUCTS THAT REQUIRE RIGOROUS TESTING, INSPECTION, AND CERTIFICATION SERVICES
9.8.2 MEDICAL DEVICES
9.8.3 HEALTH, BEAUTY, & WELLNESS
9.8.4 CLINICAL SERVICES
9.8.5 LABORATORY SERVICES
9.8.6 BIOPHARMACEUTICAL & PHARMACEUTICAL SERVICES
9.8.7 OTHERS
TABLE 40 TESTING, INSPECTION, AND CERTIFICATION MARKET FOR MEDICAL & LIFE SCIENCES APPLICATION, BY TYPE, 2017–2021 (USD MILLION)
TABLE 41 MARKET FOR MEDICAL & LIFE SCIENCES APPLICATION, BY TYPE, 2022–2027 (USD MILLION)
9.9 MINING
9.9.1 SAFETY OF LABORERS AND INTENTION TO AVOID DANGEROUS ACCIDENTS PUSH DEMAND FOR TESTING, INSPECTION, AND CERTIFICATION SERVICES IN MINING APPLICATIONS
9.9.2 INSPECTION & SAMPLING SERVICES
9.9.3 ANALYTICAL SERVICES
9.9.4 EXPLORATION SERVICES
9.9.5 METALLURGY & PROCESS DESIGN SERVICES
9.9.6 PRODUCTION & PLANT SERVICES
9.9.7 SITE OPERATION & CLOSURE SERVICES
9.9.8 PROJECT RISK ASSESSMENT & MITIGATION SERVICES
9.9.9 OTHERS
FIGURE 40 EXPLORATION SERVICES TO HOLD LARGEST SHARE OF TIC MARKET FOR MINING APPLICATIONS IN 2022
TABLE 42 MARKET FOR MINING APPLICATION, BY TYPE, 2017–2021 (USD MILLION)
TABLE 43 MARKET FOR MINING APPLICATION, BY TYPE, 2022–2027 (USD MILLION)
9.10 OIL & GAS AND PETROLEUM
9.10.1 STRINGENT TESTING AND INSPECTION SERVICES ARE REQUIRED THROUGHOUT OIL & GAS AND PETROLEUM VALUE CHAIN TO AVOID DISCREPANCIES IN QUALITY OF FUEL
9.10.2 UPSTREAM
9.10.3 DOWNSTREAM
9.10.4 BIOFUELS AND FEEDSTOCK
9.10.5 PETROCHEMICALS
9.10.6 ASSET INTEGRITY MANAGEMENT
9.10.7 PROJECT LIFECYCLE
9.10.8 OTHERS
TABLE 44 MARKET FOR OIL & GAS AND PETROLEUM APPLICATION, BY TYPE, 2017–2021 (USD MILLION)
TABLE 45 MARKET FOR OIL & GAS AND PETROLEUM APPLICATION, BY TYPE, 2022–2027 (USD MILLION)
9.11 PUBLIC SECTOR
9.11.1 INCREASING GOVERNMENT REGULATIONS AND POLICIES ON TRADE IS INCREASING THE DEMAND FOR TESTING, INSPECTION, AND CERTIFICATION IN PUBLIC SECTOR
9.11.2 PRODUCT CONFORMITY ASSESSMENT SERVICES
9.11.3 MONITORING SERVICES
9.11.4 VALUATION SERVICES
9.11.5 OTHERS
TABLE 46 MARKET FOR PUBLIC SECTOR APPLICATION, BY TYPE, 2017–2021 (USD MILLION)
TABLE 47 MARKET FOR PUBLIC SECTOR APPLICATION, BY TYPE, 2022–2027 (USD MILLION)
9.12 AUTOMOTIVE
9.12.1 INCREASING INVESTMENTS IN ELECTRIC VEHICLES AND NEWER TECHNOLOGIES ARE CREATING OPPORTUNITIES FOR TESTING, INSPECTION, AND CERTIFICATION SERVICES IN AUTOMOTIVE INDUSTRY
9.12.2 ELECTRICAL SYSTEMS AND COMPONENTS
9.12.3 ELECTRIC VEHICLES, HYBRID ELECTRIC VEHICLES, AND BATTERY SYSTEMS
9.12.4 TELEMATICS
9.12.5 FUELS, FLUIDS, & LUBRICANTS
9.12.6 INTERIOR AND EXTERIOR MATERIALS & COMPONENTS
9.12.7 VEHICLE INSPECTION SERVICES (VIS)
9.12.8 HOMOLOGATION TESTING
9.12.9 OTHERS
TABLE 48 MARKET FOR AUTOMOTIVE APPLICATION, BY TYPE, 2017–2021 (USD MILLION)
TABLE 49 MARKET FOR AUTOMOTIVE APPLICATION, BY TYPE, 2022–2027 (USD MILLION)
9.13 AEROSPACE
9.13.1 STRINGENT REQUIREMENTS OF AVIATION AND AEROSPACE INDUSTRIES TO ENSURE SAFETY AND RELIABILITY PROMOTE MARKET GROWTH
9.13.2 AEROSPACE MANUFACTURING SERVICES
9.13.3 AVIATION MANAGEMENT SERVICES
9.13.4 OTHERS
TABLE 50 TIC MARKET FOR AEROSPACE APPLICATION, BY TYPE, 2017–2021 (USD MILLION)
TABLE 51 MARKET FOR AEROSPACE APPLICATION, BY TYPE, 2022–2027 (USD MILLION)
9.14 MARINE
9.14.1 INTER-TRADE RELATIONS AMONG COUNTRIES WITH STRINGENT IMPORT AND EXPORT REGULATIONS PUSHING DEMAND FOR TESTING, INSPECTION, AND CERTIFICATION SERVICES FROM MARINE SECTOR
9.14.2 MARINE FUEL SYSTEM AND COMPONENT SERVICES
9.14.3 SHIP CLASSIFICATION SERVICES
9.14.4 MARINE MATERIAL & EQUIPMENT SERVICES
9.14.5 OTHERS
TABLE 52 MARKET FOR MARINE APPLICATION, BY TYPE, 2017–2021 (USD MILLION)
TABLE 53 MARKET FOR MARINE APPLICATION, BY TYPE, 2022–2027 (USD MILLION)
9.15 RAILWAY
9.15.1 ENFORCEMENT OF NEW LAWS AND MULTIPLE SAFETY TESTS HAS ENSURED STABLE MARKET SHARE FOR RAILWAY APPLICATIONS
9.15.2 RAIL CONSTRUCTION & PRODUCTION MONITORING
9.15.3 INFRASTRUCTURE MANAGEMENT
9.15.4 OTHERS
TABLE 54 TIC MARKET FOR RAILWAY APPLICATION, BY TYPE, 2017–2021 (USD MILLION)
TABLE 55 MARKET FOR RAILWAY APPLICATION, BY TYPE, 2022–2027 (USD MILLION)
9.16 SUPPLY CHAIN & LOGISTICS
9.16.1 INSPECTION SERVICES ARE IN DEMAND FOR LOGISTICS & SUPPLY CHAIN APPLICATIONS
9.16.2 PACKAGING & HANDLING
9.16.3 RISK MANAGEMENT
9.16.4 OTHERS
TABLE 56 TESTING, INSPECTION, AND CERTIFICATION MARKET FOR SUPPLY CHAIN & LOGISTICS APPLICATION, BY TYPE, 2017–2021 (USD MILLION)
TABLE 57 MARKET FOR SUPPLY CHAIN & LOGISTICS APPLICATION, BY TYPE, 2022–2027 (USD MILLION)
9.17 IT & TELECOMMUNICATION
9.17.1 REMOTE WORKING AND WORK FROM HOME OPTIONS INTRODUCED DURING PANDEMICS HAVE INCREASED MARKET SHARE OF IT & TELECOMMUNICATION APPLICATION IN TIC ECOSYSTEM
9.17.2 TELECOMMUNICATION & IT INFRASTRUCTURE EQUIPMENT
9.17.3 MODULES & DEVICES
TABLE 58 MARKET FOR IT & TELECOMMUNICATION APPLICATION, BY TYPE, 2017–2021 (USD MILLION)
TABLE 59 MARKET FOR IT & TELECOMMUNICATION APPLICATION, BY TYPE, 2022–2027 (USD MILLION)
9.18 SPORTS & ENTERTAINMENT
9.18.1 INSPECTION AND CERTIFICATION SERVICES TO BE ADOPTED BY SPORTS & ENTERTAINMENT INDUSTRY TO ENSURE PRODUCT AUTHENTICITY AND SAFETY
9.18.2 SPORTS VENUES & FACILITIES
9.18.3 SPORTING GOODS & PROTECTIVE EQUIPMENT
TABLE 60 MARKET FOR SPORTS & ENTERTAINMENT APPLICATION, BY TYPE, 2017–2021 (USD MILLION)
TABLE 61 MARKET FOR SPORTS & ENTERTAINMENT APPLICATION, BY TYPE, 2022–2027 (USD MILLION)
10 GEOGRAPHIC ANALYSIS (Page No. - 186)
10.1 INTRODUCTION
FIGURE 41 TIC MARKET, BY REGION
FIGURE 42 MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR FROM 2022 TO 2027
TABLE 62 MARKET, BY REGION, 2017–2021 (USD MILLION)
TABLE 63 MARKET, BY REGION, 2022–2027 (USD MILLION)
10.2 NORTH AMERICA
10.2.1 REGIONAL LEVEL IMPACT ANALYSIS
10.2.1.1 Key market drivers in North America
FIGURE 43 TESTING, INSPECTION, AND CERTIFICATION MARKET IN NORTH AMERICA: DRIVERS
10.2.1.2 Pre- and post-COVID impact analysis for North America
FIGURE 44 MARKET IN NORTH AMERICA: IMPACT OF COVID
FIGURE 45 SNAPSHOT: TIC MARKET IN NORTH AMERICA
TABLE 64 MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2021 (USD MILLION)
TABLE 65 MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 66 MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 67 MARKET IN NORTH AMERICA, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 68 MARKET IN NORTH AMERICA, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 69 MARKET IN NORTH AMERICA, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 70 MARKET IN NORTH AMERICA, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 71 MARKET IN NORTH AMERICA, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.2.2 US
10.2.2.1 Increased investments in next-generation technologies, such as artificial intelligence, machine learning, and robotics, provide opportunities for testing, inspection, and certification market in US
TABLE 72 MARKET IN US, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 73 MARKET IN US, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 74 MARKET IN US, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 75 MARKET IN US, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 76 MARKET IN US, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 77 MARKET IN US, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.2.3 CANADA
10.2.3.1 High demand for testing, inspection, and certification services across consumer goods and retail applications
TABLE 78 TESTING, INSPECTION, AND CERTIFICATION MARKET IN CANADA, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 79 MARKET IN CANADA, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 80 MARKET IN CANADA, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 81 MARKET IN CANADA, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 82 MARKET IN CANADA, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 83 TIC MARKET IN CANADA, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.2.4 MEXICO
10.2.4.1 Huge requirement for testing, inspection, and certification services by players from automotive and aerospace sectors
TABLE 84 TESTING, INSPECTION, AND CERTIFICATION MARKET IN MEXICO, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 85 MARKET IN MEXICO, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 86 MARKET IN MEXICO, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 87 MARKET IN MEXICO, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 88 MARKET IN MEXICO, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 89 TIC MARKET IN MEXICO, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.3 EUROPE
10.3.1 REGIONAL LEVEL IMPACT ANALYSIS
10.3.1.1 Key market drivers in Europe
FIGURE 46 TESTING, INSPECTION, AND CERTIFICATION MARKET IN EUROPE: DRIVERS
10.3.1.2 Pre- and post-COVID impact analysis for Europe
FIGURE 47 MARKET IN EUROPE: IMPACT OF COVID
FIGURE 48 SNAPSHOT OF TIC MARKET IN EUROPE
TABLE 90 MARKET IN EUROPE, BY COUNTRY, 2017–2021 (USD MILLION)
TABLE 91 MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 92 MARKET IN EUROPE, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 93 MARKET IN EUROPE, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 94 MARKET IN EUROPE, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 95 MARKET IN EUROPE, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 96 MARKET IN EUROPE, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 97 MARKET IN EUROPE, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.3.2 GERMANY
10.3.2.1 Implementation of Industry 4.0 creating opportunities for testing, inspection, and certification services in automotive and medical applications
TABLE 98 TESTING, INSPECTION, AND CERTIFICATION MARKET IN GERMANY, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 99 MARKET IN GERMANY, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 100 MARKET IN GERMANY, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 101 MARKET IN GERMANY, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 102 MARKET IN GERMANY, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 103 MARKET IN GERMANY, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.3.3 UK
10.3.3.1 Adoption of advanced technologies in automotive sector and enforcement of severe regulations for companies serving industries such as retail and food & beverages to create growth opportunities for testing, inspection, and certification market
TABLE 104 MARKET IN UK, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 105 MARKET IN UK, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 106 MARKET IN UK, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 107 MARKET IN UK, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 108 MARKET IN UK, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 109 TIC MARKET IN UK, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.3.4 FRANCE
10.3.4.1 Growth of pharma industry in middle of pandemic fueled demand for testing, inspection, and certification services
TABLE 110 MARKET IN FRANCE, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 111 MARKET IN FRANCE, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 112 MARKET IN FRANCE, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 113 MARKET IN FRANCE, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 114 MARKET IN FRANCE, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 115 MARKET IN FRANCE, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.3.5 ITALY
10.3.5.1 Efforts of Italian governments to enforce product standards and adhere to global regulations to support market growth
TABLE 116 TESTING, INSPECTION, AND CERTIFICATION MARKET IN ITALY, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 117 MARKET IN ITALY, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 118 MARKET IN ITALY, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 119 MARKET IN ITALY, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 120 MARKET IN ITALY, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 121 TIC MARKET IN ITALY, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.3.6 SPAIN
10.3.6.1 Privatization of aerospace industry to create opportunities for testing, inspection, and certification players
TABLE 122 TESTING, INSPECTION, AND CERTIFICATION MARKET IN SPAIN, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 123 MARKET IN SPAIN, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 124 MARKET IN SPAIN, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 125 MARKET IN SPAIN, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 126 MARKET IN SPAIN, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 127 MARKET IN SPAIN, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.3.7 BELGIUM
10.3.7.1 Presence of manufacturing plants of giant companies such as Coco-Cola and Pfizer, as well as demand for Belgian chocolate, boosts testing, inspection, and certification market growth
TABLE 128 TIC MARKET IN BELGIUM, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 129 MARKET IN BELGIUM, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 130 MARKET IN BELGIUM, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 131 MARKET IN BELGIUM, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 132 MARKET IN BELGIUM, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 133 MARKET IN BELGIUM, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.3.8 RUSSIA
10.3.8.1 Growth in agricultural production in Russia contributes to demand for testing, inspection, and certification services
TABLE 134 TESTING, INSPECTION, AND CERTIFICATION MARKET IN RUSSIA, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 135 MARKET IN RUSSIA, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 136 MARKET IN RUSSIA, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 137 MARKET IN RUSSIA, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 138 MARKET IN RUSSIA, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 139 TIC MARKET IN RUSSIA, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.3.9 NETHERLANDS
10.3.9.1 Production of railway and related components fosters demand for testing, inspection, and certification services
TABLE 140 MARKET IN NETHERLANDS, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 141 MARKET IN NETHERLANDS, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 142 MARKET IN NETHERLANDS, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 143 MARKET IN NETHERLANDS, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 144 MARKET IN NETHERLANDS, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 145 TESTING, INSPECTION, AND CERTIFICATION MARKET IN NETHERLANDS, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.3.10 SWITZERLAND
10.3.10.1 Necessity of authentic license to import goods and special regulations related to health, plant, and environmental safety create need for testing, inspection, and certification services
TABLE 146 MARKET IN SWITZERLAND, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 147 MARKET IN SWITZERLAND, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 148 MARKET IN SWITZERLAND, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 149 MARKET IN SWITZERLAND, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 150 MARKET IN SWITZERLAND, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 151 MARKET IN SWITZERLAND, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.3.11 HUNGARY
10.3.11.1 Growth of e-commerce industry in Hungary creates opportunities for testing, inspection, and certification service providers
10.3.12 POLAND
10.3.12.1 Utilization of technologies such as IoT, cloud computing, and cybersecurity spurs demand for testing, inspection, and certification services
10.3.13 BULGARIA
10.3.13.1 Import of high-end machinery and manufacturing equipment, metals and ores, chemicals, etc. propels market growth
10.3.14 SWEDEN
10.3.14.1 Focus of Sweden on electronic manufacturing to improve global ranking would foster tic market growth
10.3.15 MOROCCO
10.3.15.1 Demand for testing, inspection, and certification services by players in energy, transportation, healthcare industries stimulate market growth in Morocco
10.3.16 NORWAY
10.3.16.1 Export of crude oil and petroleum gas from Norway creates demand for testing, inspection, and certification services
10.3.17 ROMANIA
10.3.17.1 Employment created by software and service industries in Romania to boost market growth
10.3.18 AUSTRIA
10.3.18.1 Logistics and telecommunications sectors to promote tic market growth in Austria
10.3.19 TURKEY
10.3.19.1 Startups and innovative companies from Turkey stimulate demand for testing, inspection, and certification services
10.3.20 CROATIA
10.3.20.1 Developmental strategies adopted to ensure growth of tourism and sports industries in Croatia to create demand for testing, inspection, and certification services
10.3.21 IRELAND
10.3.21.1 Innovative technologies such as digital marketing and industrial robots help Ireland to improve global ranking
10.3.22 GREECE
10.3.22.1 Strategic location of country helps fishing, mining, and export industries to flourish
10.3.23 CZECH REPUBLIC
10.3.23.1 Strong focus on widening automotive manufacturing capabilities creates demand for testing, inspection, and certification services in Czech Republic
10.3.24 LATVIA
10.3.24.1 Supply chain and logistics functions help Latvia to stabilize its national economy
10.3.25 DENMARK
10.3.25.1 Strong membership with international bodies ensure quality products in Denmark
10.3.26 LITHUANIA
10.3.26.1 Food industry to foster demand for testing, inspection, and certification services in Lithuania
10.3.27 ESTONIA
10.3.27.1 Strict norms and import regulations generate need for non-conventional testing, inspection, and certification services
10.3.28 PORTUGAL
10.3.28.1 Increasing standards in Portugal are creating opportunities for testing, inspection, and certification market
10.3.29 FINLAND
10.3.29.1 Technological advancements and constant R&D in automotive and consumer electronics industries creating demand for testing, inspection, and certification services in Finland
10.3.30 REST OF EUROPE (ROE)
10.4 ASIA PACIFIC
10.4.1 REGIONAL-LEVEL IMPACT ANALYSIS
10.4.1.1 Key market drivers in Asia Pacific
FIGURE 49 TESTING, INSPECTION, AND CERTIFICATION MARKET IN ASIA PACIFIC: DRIVERS
10.4.1.2 Pre- and post-COVID impact analysis for Asia Pacific
FIGURE 50 MARKET IN ASIA PACIFIC: IMPACT OF COVID
FIGURE 51 SNAPSHOT OF MARKET IN ASIA PACIFIC
TABLE 152 MARKET IN ASIA PACIFIC, BY COUNTRY, 2017–2021 (USD MILLION)
TABLE 153 MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 154 MARKET IN ASIA PACIFIC, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 155 MARKET IN ASIA PACIFIC, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 156 MARKET IN ASIA PACIFIC, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 157 MARKET IN ASIA PACIFIC, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 158 MARKET IN ASIA PACIFIC, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 159 MARKET IN ASIA PACIFIC, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.4.2 CHINA
10.4.2.1 China’s testing, inspection, and certification market is expected to grow with rapidly changing technological environment and rising demand for testing, inspection, and certification services in medical devices industry
TABLE 160 MARKET IN CHINA, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 161 MARKET IN CHINA, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 162 MARKET IN CHINA, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 163 MARKET IN CHINA, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 164 MARKET IN CHINA, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 165 MARKET IN CHINA, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.4.3 JAPAN
10.4.3.1 Stringent regulatory norms pertaining to food & beverages and telecommunications to ensure safety and security of human beings would fuel demand for testing, inspection, and certification services
TABLE 166 MARKET IN JAPAN, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 167 MARKET IN JAPAN, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 168 MARKET IN JAPAN, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 169 MARKET IN JAPAN, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 170 MARKET IN JAPAN, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 171 TESTING, INSPECTION, AND CERTIFICATION MARKET IN JAPAN, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.4.4 INDIA
10.4.4.1 Accelerated demand for testing, inspection, and certification services to test and certify COVID-19 vaccines and medical devices
TABLE 172 MARKET IN INDIA, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 173 MARKET IN INDIA, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 174 MARKET IN INDIA, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 175 MARKET IN INDIA, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 176 MARKET IN INDIA, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 177 MARKET IN INDIA, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.4.5 SOUTH KOREA
10.4.5.1 Huge potential in exports of electronics and medical devices stimulates need for testing, inspection, and certification services
TABLE 178 MARKET IN SOUTH KOREA, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 179 MARKET IN SOUTH KOREA, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 180 MARKET IN SOUTH KOREA, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 181 MARKET IN SOUTH KOREA, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 182 MARKET IN SOUTH KOREA, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 183 TIC MARKET IN SOUTH KOREA, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.4.6 AUSTRALIA
10.4.6.1 Stringent regulations in healthcare and mining industries accelerate growth of Australian testing, inspection, and certification market
TABLE 184 MARKET IN AUSTRALIA, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 185 MARKET IN AUSTRALIA, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 186 MARKET IN AUSTRALIA, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 187 MARKET IN AUSTRALIA, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 188 MARKET IN AUSTRALIA, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 189 MARKET IN AUSTRALIA, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.4.7 SINGAPORE
10.4.7.1 Strict government policies for electric and electronic products push demand for testing, inspection, and certification services
TABLE 190 TESTING, INSPECTION, AND CERTIFICATION MARKET IN SINGAPORE, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 191 MARKET IN SINGAPORE, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 192 MARKET IN SINGAPORE, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 193 MARKET IN SINGAPORE, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 194 MARKET IN SINGAPORE, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 195 MARKET IN SINGAPORE, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.4.8 THAILAND
10.4.8.1 Booming telecommunications and manufacturing industries contribute to testing, inspection, and certification market growth in Thailand
TABLE 196 MARKET IN THAILAND, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 197 MARKET IN THAILAND, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 198 MARKET IN THAILAND, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 199 MARKET IN THAILAND, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 200 MARKET IN THAILAND, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 201 MARKET IN THAILAND, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.4.9 INDONESIA
10.4.9.1 Increasing mandates for testing electronic products in country to fuel market growth
TABLE 202 TIC MARKET IN INDONESIA, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 203 MARKET IN INDONESIA, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 204 MARKET IN INDONESIA, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 205 MARKET IN INDONESIA, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 206 MARKET IN INDONESIA, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 207 MARKET IN INDONESIA, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.4.10 MALAYSIA
10.4.10.1 Surging demand for testing, inspection, and certification services from electrical & electronics, banking, and IT sectors in Malaysia to foster market growth
TABLE 208 TIC MARKET IN MALAYSIA, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 209 MARKET IN MALAYSIA, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 210 MARKET IN MALAYSIA, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 211 MARKET IN MALAYSIA, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 212 MARKET IN MALAYSIA, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 213 TIC MARKET IN MALAYSIA, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.4.11 VIETNAM
10.4.11.1 Binding regulations for testing, inspection, and certification of cosmetic ingredients and products to propel market growth
TABLE 214 TESTING, INSPECTION, AND CERTIFICATION MARKET IN VIETNAM, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 215 MARKET IN VIETNAM, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 216 MARKET IN VIETNAM, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 217 MARKET IN VIETNAM, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 218 MARKET IN VIETNAM, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 219 MARKET IN VIETNAM, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.4.12 TAIWAN
10.4.12.1 Thriving automotive, cosmetics, and telecommunications industries to promote demand for testing, inspection, and certification services
TABLE 220 TIC MARKET IN TAIWAN, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 221 MARKET IN TAIWAN, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 222 MARKET IN TAIWAN, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 223 MARKET IN TAIWAN, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 224 MARKET IN TAIWAN, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 225 MARKET IN TAIWAN, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.4.13 HONG KONG
10.4.13.1 Uncompromising norms set by government to ensure safety, electromagnetic compatibility, and performance of consumer products to push market growth
TABLE 226 TESTING, INSPECTION, AND CERTIFICATION MARKET IN HONG KONG, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 227 MARKET IN HONG KONG, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 228 MARKET IN HONG KONG, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 229 MARKET IN HONG KONG, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 230 MARKET IN HONG KONG, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 231 MARKET IN HONG KONG, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.4.14 BANGLADESH
10.4.14.1 Booming textiles industry and stringent rules to ensure manufacturing of high-quality consumer goods and retail products stimulate demand for testing, inspection, and certification services
TABLE 232 MARKET IN BANGLADESH, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 233 MARKET IN BANGLADESH, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 234 MARKET IN BANGLADESH, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 235 MARKET IN BANGLADESH, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 236 MARKET IN BANGLADESH, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 237 TIC MARKET IN BANGLADESH, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.4.15 PHILIPPINES
10.4.15.1 Growing ICT sector and availability of online product certification
TABLE 238 TESTING, INSPECTION, AND CERTIFICATION MARKET IN PHILIPPINES, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 239 MARKET IN PHILIPPINES, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 240 MARKET IN PHILIPPINES, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 241 MARKET IN PHILIPPINES, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 242 MARKET IN PHILIPPINES, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 243 MARKET IN PHILIPPINES, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.4.16 REST OF ASIA PACIFIC
TABLE 244 MARKET IN REST OF ASIA PACIFIC, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 245 MARKET IN REST OF ASIA PACIFIC, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 246 MARKET IN REST OF ASIA PACIFIC, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 247 MARKET IN REST OF ASIA PACIFIC, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 248 MARKET IN REST OF ASIA PACIFIC, BY SOURCING TYPE, 2017–2021 (USD MILLION)
TABLE 249 TIC MARKET IN REST OF ASIA PACIFIC, BY SOURCING TYPE, 2022–2027 (USD MILLION)
10.5 REST OF THE WORLD
10.5.1 REGIONAL-LEVEL IMPACT ANALYSIS
10.5.1.1 Key market drivers in RoW
FIGURE 52 TESTING, INSPECTION, AND CERTIFICATION MARKET IN ROW: DRIVERS
10.5.1.2 Pre- and post-COVID impact analysis for RoW
FIGURE 53 MARKET IN ROW: IMPACT OF COVID
FIGURE 54 SNAPSHOT OF MARKET IN ROW
TABLE 250 MARKET IN ROW, BY COUNTRY, 2017–2021 (USD MILLION)
TABLE 251 MARKET IN ROW, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 252 MARKET IN ROW, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 253 MARKET IN ROW, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 254 MARKET IN ROW, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 255 MARKET IN ROW, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 256 MARKET IN ROW, BY SOURCING TYPE, 2017–2021 (USD BILLION)
TABLE 257 MARKET IN ROW, BY SOURCING TYPE, 2022–2027 (USD BILLION)
10.5.2 BRAZIL
10.5.2.1 Stringent government regulations for products that find applications in healthcare, energy, infrastructure, and defense industries provide opportunities for testing, inspection, and certification service providers in Brazil
TABLE 258 MARKET IN BRAZIL, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 259 MARKET IN BRAZIL, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 260 MARKET IN BRAZIL, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 261 MARKET IN BRAZIL, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 262 MARKET IN BRAZIL, BY SOURCING TYPE, 2017–2021 (USD BILLION)
TABLE 263 TESTING, INSPECTION, AND CERTIFICATION MARKET IN BRAZIL, BY SOURCING TYPE, 2022–2027 (USD BILLION)
10.5.3 ARGENTINA
10.5.3.1 Mutual agreements and contracts for import and export of products ultimately boost demand for testing, inspection, and certification services in Argentina
TABLE 264 MARKET IN ARGENTINA, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 265 MARKET IN ARGENTINA, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 266 MARKET IN ARGENTINA, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 267 MARKET IN ARGENTINA, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 268 MARKET IN ARGENTINA, BY SOURCING TYPE, 2017–2021 (USD BILLION)
TABLE 269 TIC MARKET IN ARGENTINA, BY SOURCING TYPE, 2022–2027 (USD BILLION)
10.5.4 SAUDI ARABIA
10.5.4.1 Existence of oil reserves creates new revenue pockets for testing, inspection, and certification service providers
TABLE 270 TESTING, INSPECTION, AND CERTIFICATION MARKET IN SAUDI ARABIA, BY APPLICATION, 2017–2021 (USD MILLION)
TABLE 271 MARKET IN SAUDI ARABIA, BY APPLICATION, 2022–2027 (USD MILLION)
TABLE 272 MARKET IN SAUDI ARABIA, BY SERVICE TYPE, 2017–2021 (USD MILLION)
TABLE 273 MARKET IN SAUDI ARABIA, BY SERVICE TYPE, 2022–2027 (USD MILLION)
TABLE 274 MARKET IN SAUDI ARABIA, BY SOURCING TYPE, 2017–2021 (USD BILLION)
TABLE 275 MARKET IN SAUDI ARABIA, BY SOURCING TYPE, 2022–2027 (USD BILLION)
10.5.5 UNITED ARAB EMIRATES
10.5.5.1 Development in manufacturing sector to surge demand for testing, inspection, and certification services in UAE
10.5.6 PERU
10.5.6.1 Building and construction activities in Peru to widen horizon of tic market players
10.5.7 CHILE
10.5.7.1 Mandatory certification of consumer electronics shaping and motivating testing, inspection, and certification companies to provide services in Chile
10.5.8 COLOMBIA
10.5.8.1 Booming medical and pharmaceuticals industries in Columbia encourage tic market growth
10.5.9 VENEZUELA
10.5.9.1 Oil & gas and petroleum industries would provide growth opportunities to testing, inspection, and certification market players
10.5.10 IRAN
10.5.10.1 Stringent and tight regulations for imported products would require testing, inspection, and certification services to ensure safety and reliability
10.5.11 IRAQ
10.5.11.1 Booming consumer goods and retail industries in Iraq would foster tic market growth
10.5.12 QATAR
10.5.12.1 Oil & gas industry in Qatar promotes tic market growth
10.5.13 OMAN
10.5.13.1 Huge opportunities in telecommunications and agriculture sectors to boost demand for testing, inspection, and certification services
10.5.14 BAHRAIN
10.5.14.1 Stringent certification and inspection policies in medical & life sciences industry create need for testing, inspection, and certification services
10.5.15 EGYPT
10.5.15.1 Renewable energy and logistics sectors in Egypt giving testing, inspection, and certification players several growth opportunities
10.5.16 SOUTH AFRICA
10.5.16.1 Industries influencing testing, inspection, and certification market growth in South Africa are exports, energy & power, and communication
10.5.17 REST OF MIDDLE EAST AND AFRICA
11 COMPETITIVE LANDSCAPE (Page No. - 366)
11.1 OVERVIEW
FIGURE 55 KEY DEVELOPMENTS UNDERTAKEN BY LEADING PLAYERS IN MARKET FROM 2019 TO 2021
11.2 MARKET SHARE AND RANKING ANALYSIS
TABLE 276 DEGREE OF COMPETITION
FIGURE 56 RANKING ANALYSIS OF TOP 5 PLAYERS IN MARKET
11.3 FIVE-YEAR COMPANY REVENUE ANALYSIS
FIGURE 57 5-YEAR REVENUE ANALYSIS OF KEY COMPANIES
11.4 COMPANY EVALUATION QUADRANT, 2021
FIGURE 58 TESTING, INSPECTION, AND CERTIFICATION MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021
11.4.1 STAR
11.4.2 PERVASIVE
11.4.3 EMERGING LEADER
11.4.4 PARTICIPANT
11.5 COMPETITIVE BENCHMARKING
TABLE 277 COMPANY FOOTPRINT (15 COMPANIES)
TABLE 278 APPLICATION FOOTPRINT (15 COMPANIES)
TABLE 279 REGIONAL FOOTPRINT (15 COMPANIES)
11.6 STARTUP/SME EVALUATION QUADRANT, 2021
FIGURE 59 TESTING, INSPECTION, AND CERTIFICATION (GLOBAL): STARTUP/SME EVALUATION QUADRANT, 2021
11.6.1 PROGRESSIVE COMPANY
11.6.2 RESPONSIVE COMPANY
11.6.3 DYNAMIC COMPANY
11.6.4 STARTING BLOCK
TABLE 280 TESTING, INSPECTION, AND CERTIFICATION MARKET: DETAILED LIST OF KEY STARTUP/SMES
TABLE 281 TIC MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUP/SMES
11.7 COMPETITIVE SCENARIO AND TRENDS
11.7.1 SERVICE LAUNCHES
TABLE 282 SERVICE LAUNCHES, JANUARY 2020 TO SEPTEMBER 2021
11.7.2 DEALS
TABLE 283 DEALS, JANUARY 2020 TO NOVEMBER 2021
11.7.3 OTHERS
TABLE 284 OTHERS, AUGUST 2020 TO NOVEMBER 2021
12 COMPANY PROFILES (Page No. - 389)
12.1 INTRODUCTION
12.2 KEY PLAYERS
(Business overview, Services/solutions offered, Recent developments, COVID-19-related developments, MnM view, Key strengths/right to win, Strategic choices made, and Weaknesses and competitive threats)*
12.2.1 SGS GROUP
TABLE 285 SGS GROUP: BUSINESS OVERVIEW
FIGURE 60 SGS GROUP: COMPANY SNAPSHOT
TABLE 286 SGS GROUP: SERVICE LAUNCHES
TABLE 287 SGS GROUP: DEALS
TABLE 288 SGS GROUP: OTHERS
12.2.2 BUREAU VERITAS
TABLE 289 BUREAU VERITAS: BUSINESS OVERVIEW
FIGURE 61 BUREAU VERITAS: COMPANY SNAPSHOT
TABLE 290 BUREAU VERITAS: SERVICE LAUNCHES
TABLE 291 BUREAU VERITAS: DEALS
TABLE 292 BUREAU VERITAS: OTHERS
12.2.3 INTERTEK
TABLE 293 INTERTEK: BUSINESS OVERVIEW
FIGURE 62 INTERTEK: COMPANY SNAPSHOT
TABLE 294 INTERTEK: SERVICE LAUNCHES
TABLE 295 INTERTEK: DEALS
TABLE 296 INTERTEK: OTHERS
12.2.4 TÜV SÜD
TABLE 297 TÜV SÜD: BUSINESS OVERVIEW
FIGURE 63 TÜV SÜD: COMPANY SNAPSHOT
TABLE 298 TÜV SÜD: PRODUCT LAUNCHES
TABLE 299 TÜV SÜD: DEALS
TABLE 300 TÜV SÜD: OTHERS
12.2.5 DNV GL
TABLE 301 DNV GL: BUSINESS OVERVIEW
FIGURE 64 DNV GL: COMPANY SNAPSHOT
TABLE 302 DNV GL: PRODUCT LAUNCHES
TABLE 303 DNV GL: DEALS
TABLE 304 DNV GL: OTHERS
12.2.6 TÜV RHEINLAND
TABLE 305 TÜV RHEINLAND: BUSINESS OVERVIEW
FIGURE 65 TÜV RHEINLAND: COMPANY SNAPSHOT
TABLE 306 TÜV RHEINLAND: PRODUCT LAUNCHES
TABLE 307 TÜV RHEINLAND: DEALS
TABLE 308 TÜV RHEINLAND: OTHERS
12.2.7 DEKRA SE
TABLE 309 DEKRA SE: BUSINESS OVERVIEW
FIGURE 66 DEKRA SE: COMPANY SNAPSHOT
TABLE 310 DEKRA SE: PRODUCT LAUNCHES
TABLE 311 DEKRA SE: DEALS
TABLE 312 DEKRA SE: OTHERS
12.2.8 EUROFINS SCIENTIFIC
TABLE 313 EUROFINS SCIENTIFIC: BUSINESS OVERVIEW
FIGURE 67 EUROFINS SCIENTIFIC: COMPANY SNAPSHOT
TABLE 314 EUROFINS SCIENTIFIC: PRODUCT LAUNCHES
TABLE 315 EUROFINS SCIENTIFIC: DEALS
TABLE 316 EUROFINS SCIENTIFIC: OTHERS
12.2.9 APPLUS+
TABLE 317 APPLUS+: BUSINESS OVERVIEW
FIGURE 68 APPLUS+: COMPANY SNAPSHOT
TABLE 318 APPLUS+: PRODUCT LAUNCHES
TABLE 319 APPLUS+: DEALS
TABLE 320 APPLUS+: OTHERS
12.2.10 ALS LIMITED
TABLE 321 ALS LIMITED: BUSINESS OVERVIEW
FIGURE 69 ALS LIMITED: COMPANY SNAPSHOT
TABLE 322 ALS LIMITED: PRODUCT LAUNCHES
TABLE 323 ALS LIMITED: DEALS
TABLE 324 ALS LIMITED: OTHERS
12.2.11 TÜV NORD GROUP
TABLE 325 TÜV NORD GROUP: BUSINESS OVERVIEW
FIGURE 70 TÜV NORD GROUP: COMPANY SNAPSHOT
TABLE 326 TÜV NORD: PRODUCT LAUNCHES
TABLE 327 TÜV NORD: DEALS
12.2.12 LLOYD’S REGISTER GROUP LIMITED
TABLE 328 LLOYD’S REGISTER GROUP LIMITED: BUSINESS OVERVIEW
TABLE 329 LLOYD’S REGISTER GROUP LIMITED: PRODUCT LAUNCHES
TABLE 330 LLOYD’S REGISTER GROUP LIMITED: DEALS
12.2.13 MISTRAS
TABLE 331 MISTRAS: BUSINESS OVERVIEW
FIGURE 71 MISTRAS: COMPANY SNAPSHOT
TABLE 332 MISTRAS: PRODUCT LAUNCHES
TABLE 333 MISTRAS: DEALS
12.2.14 ELEMENT MATERIALS TECHNOLOGY
TABLE 334 ELEMENT MATERIALS TECHNOLOGY: BUSINESS OVERVIEW
TABLE 335 ELEMENT MATERIALS TECHNOLOGY: DEALS
TABLE 336 ELEMENT MATERIALS TECHNOLOGY: OTHERS
12.2.15 UL LLC
TABLE 337 UL LLC: BUSINESS OVERVIEW
TABLE 338 UL LLC: PRODUCT LAUNCHES
TABLE 339 UL LLC: DEALS
TABLE 340 UL LLC: OTHERS
12.2.16 APAVE INTERNATIONAL
TABLE 341 APAVE INTERNATIONAL: BUSINESS OVERVIEW
TABLE 342 APAVE INTERNATIONAL: DEALS
12.3 SME PLAYERS
12.3.1 IRCLASS
12.3.2 QS TESTING
12.3.3 THOMAS BELL-WRIGHT INTERNATIONAL CONSULTANTS
12.3.4 TIC SERA
12.3.5 HOHENSTEIN
12.3.6 ASTM INTERNATIONAL
12.3.7 VDE TESTING INSTITUTE
12.3.8 KEYSTONE COMPLIANCE
12.3.9 WASHINGTON LABORATORIES LTD.
12.3.10 FORCE TECHNOLOGY
12.3.11 KIWA INSPECTA
12.3.12 RINA S.P.A.
12.3.13 TECHNICKÁ INŠPEKCIA
12.3.14 TÜRK LOYDU
12.3.15 SAFETY ASSESSMENT FEDERATION (SAFED)
12.3.16 PRIME GROUP
12.3.17 HV TECHNOLOGIES INC.
12.3.18 CORE LABORATORIES
12.3.19 NATIONAL COLLATERAL MANAGEMENT SERVICE LIMITED (NCML)
12.3.20 AMSPEC
12.3.21 ASUREQUALITY
12.3.22 MEDISTRI SA
12.3.23 AVOMEEN ANALYTICAL SERVICES
12.3.24 ENVIGO
12.3.25 GATEWAY ANALYTICAL
12.3.26 GULF INSPECTION INTERNATIONAL CO.
12.3.27 NIPPON KAIJI KENTEI KYOKAI (NKKK)
12.3.28 HUMBER INSPECTION INTERNATIONAL LTD.
12.3.29 NQAQSR NORTH AMERICA
12.3.30 BALTIC CONTROL LTD.
12.3.31 BRITISH STANDARDS INSTITUTE (BSI)
12.3.32 OPUS
12.3.33 TEAM INC.
12.3.34 FAVARETO SA
12.3.35 LENOR GROUP
12.3.36 COTECNA
*Details on Business overview, Services/solutions offered, Recent developments, COVID-19-related developments, MnM view, Key strengths/right to win, Strategic choices made, and Weaknesses and competitive threats might not be captured in case of unlisted companies.
13 APPENDIX (Page No. - 510)
13.1 INSIGHTS OF INDUSTRY EXPERTS
13.2 QUESTIONNAIRE FOR TESTING, INSPECTION, AND CERTIFICATION MARKET
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 AVAILABLE CUSTOMIZATIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
This study involves the usage of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for this technical, market-oriented, and commercial study of the Testing, inspection, and certification market. Primary sources include several industry experts from the core and related industries, along with preferred suppliers, manufacturers, distributors, service providers, and technology developers. In-depth interviews have been conducted with key industry participants, subject matter experts (SMEs), C-level executives of key companies operating in the testing, inspection, and certification market, and industry consultants, among other experts, to obtain and verify qualitative and quantitative information, as well as to assess prospects. The following illustrative figure shows the market research methodology applied in making this report on the testing, inspection, and certification market.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information relevant to this study on the testing, inspection, and certification market. The secondary sources included annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles by recognized authors; directories; and databases.
The global size of the testing, inspection, and certification market has been obtained from the secondary data made available through paid and unpaid sources. It has also been determined by analyzing the product portfolios of the leading companies and rating them based on the quality of their offerings.
Secondary research has been used to gather key information about the industry’s supply chain, the market’s monetary chain, the total number of key players, and market segmentation according to the industry trends to the bottom-most level, geographic markets, and key developments from both the market- and technology-oriented perspectives. It has also been conducted to identify and analyze the industry trends in the market and key developments that have been undertaken from both the market- and technology perspectives.
Primary Research
In the primary research process, various primary sources have been interviewed to obtain the qualitative and quantitative information related to the market across four main regions—Asia Pacific, North America, Europe, and RoW (the Middle East, Africa, and South America). Primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing directors, technology directors, and some other related key executives from major companies and organizations operating in the testing, inspection, and certification market or related markets.
After completing market engineering, primary research has been conducted to gather information and verify and validate critical numbers obtained from other sources. Primary research has also been conducted to identify various market segments; industry trends; key players; competitive landscape; and key market dynamics, such as drivers, restraints, opportunities, and challenges, along with key strategies adopted by market players. Most of the primary interviews have been conducted with the supply side of the market. This primary data has been collected through questionnaires, emails, and telephonic interviews.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the complete engineering process, both top-down and bottom-up approaches, along with several data triangulation methods, have been used to estimate and validate the size of the overall testing, inspection, and certification market and other dependent submarkets. Key players in the market have been identified through secondary research, and their market positions in the respective geographies have been determined through both primary and secondary research. This entire procedure includes studying the annual and financial reports of top market players and extensive interviews with industry leaders such as CEOs, VPs, directors, and marketing executives for key insights (qualitative and quantitative).
All percentage shares and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study have been accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.
Data Triangulation
After arriving at the overall market size from the market size estimation process explained above, the total market has been split into several segments and subsegments. The data triangulation procedure has been employed to complete the market engineering process and arrives at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.
Study Objectives
- To define and forecast the testing, inspection, and certification (TIC) market, by service type, sourcing type, application, and geography, in terms of value
- To forecast the market size of various segments with respect to four main regions: North America, Europe, Asia Pacific, and the Rest of the World (RoW), in terms of value
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the market growth
- To understand and analyze the impact of evolving technologies on the overall value chain of the testing, inspection, and certification market and upcoming trends in the ecosystem
- To forecast and compare the market size of pre-COVID with that of the post-pandemic at global and regional levels
- To highlight the impact of Porter’s five forces on the testing, inspection, and certification ecosystem and analyze the underlying market opportunities
- To analyze the associated use cases in the testing, inspection, and certification business and their impact on the business strategies adopted by key players
- To provide key industry trends and associated important regulations impacting the global testing, inspection, and certification market
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To strategically profile key players and comprehensively analyze their market ranking and core competencies2, along with detailing the competitive landscape for market leaders
- To analyze competitive developments, such as agreements, partnerships, mergers, acquisitions, and service launches and developments in the testing, inspection, and certification market
Report Scope
The report covers the demand- and supply-side segmentation of the testing, inspection, and certification market. The supply-side market segmentation includes the service type and sourcing type, whereas the demand-side market segmentation includes application, and region.
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The following are the years considered:
Available Customizations
With the given market data, MarketsandMarkets offers customizations based on the specific requirements of companies. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to 5)
- Country-level market analysis for the Middle East, Africa, and South America
- Country-level market analysis for the smaller economies of Europe and Asia Pacific from the existing list.
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
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Growth opportunities and latent adjacency in Testing, Inspection, and Certification Market
Interested in New/emerging areas of testing in line with new/emerging technologies