Testing, Inspection, and Certification Market

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

Report Code: SE 3611 Mar, 2024, by marketsandmarkets.com

[605 Pages Report] 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. Stringent regulatory requirements across industries like healthcare and automotive, technological advancements such as AI and IoT enhancing testing capabilities, globalization necessitating adherence to diverse standards, and a heightened focus on quality, safety, and sustainability are among the factors driving the growth of the testing, inspection, and certification market.

Testing, Inspection, and Certification Market

Testing, Inspection, and Certification Market Forecast to 2029

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Testing, Inspection, & Certification (TIC) Market Dynamics
:

Driver: Increasing need for interoperability testing owing to growing adoption of IoT

The increasing integration of connected technologies to enhance manufacturing efficiency and productivity, coupled with the rising demand for evaluating Internet of Things (IoT)-enabled products to ensure data and product security, is driving the growth of the testing, inspection, and certification market. While the deployment of IoT and connected devices offers opportunities for higher profit margins, it also presents significant challenges and risks for manufacturers and developers, particularly in light of escalating data breaches. To address these concerns, manufacturers are prioritizing the protection of connected devices and user data. Consequently, the TIC industry is actively responding to cybersecurity threats by adhering to essential standards and regulations such as ANSI/UL 2900, IEC 62443, and the National Institute of Standards and Technology (NIST) Cybersecurity Framework. The pervasive adoption of personal IoT devices like fitness wearables, along with the emergence of ecosystem-enabled smart home devices, has transformed interactions among customers, enterprises, and communication service providers. These devices facilitate automation and agility in various business processes, underscoring the importance of rigorous testing to ensure secure connectivity and optimal performance. In this connected landscape, global companies are restructuring their quality assurance and testing approaches, employing a blend of centralized and decentralized methods to effectively manage complex integrations and transformations in product development processes.

Restraint: Lack of uniformity in global TIC standards

The lack of uniformity in global Testing, Inspection, and Certification (TIC) standards poses a significant restraint for businesses operating in this sector. Diverse countries and regions often have their own sets of standards, regulations, and compliance requirements, leading to inconsistencies and complexities for companies providing TIC services. This lack of uniformity can create challenges in terms of navigating regulatory landscapes, conducting cross-border trade, and ensuring compliance with varying standards across different markets. Additionally, it can increase the cost and time involved in obtaining certifications and approvals for products and services, impacting operational efficiency and hindering market expansion efforts. Overall, the absence of standardized TIC standards on a global scale presents a notable challenge for industry stakeholders aiming to operate seamlessly across borders and ensure consistent quality and compliance across their offerings.

Opportunity: Use of blockchain technology in TIC services

Blockchain technology offers significant potential to transform certification processes, ensuring enhanced data security, transparency, and efficiency. Its features, including immutability, cryptography, and decentralization, guarantee tamper-proof records, secure data access, and resilience against cyber threats. By automating workflows, accelerating verification, and reducing costs, blockchain streamlines certification procedures, benefiting applications like product certifications, organic farming, education, and sustainability. However, challenges such as technology maturity, regulatory frameworks, and user adoption must be addressed for widespread implementation. Particularly in Testing, Inspection, and Certification (TIC) services, blockchain enhances data security and privacy through cryptographic techniques and a distributed ledger system, mitigating risks like data breaches and unauthorized access. It also ensures transparency by providing tamper-proof transaction records, valuable for domains like telecommunications billing. Moreover, blockchain enables product lifecycle tracking, ensuring authenticity and compliance, thus reducing counterfeit risks and enhancing supply chain efficiency. In telecommunications, it enhances network security, interoperability, and supports innovative models like decentralized communication networks and peer-to-peer data sharing.

Challenge: Slower adoption of advanced technologies by small and medium-sized TIC companies

Globalization has introduced various technologies into diverse end-use applications, such as robotic process automation in manufacturing, machine learning in digital marketing, AI for chatbots, and digital twins for enhancing customer experience. This rapid technological evolution significantly impacts daily operations and personal/professional activities. Advanced technologies like cognitive computing, blockchain, cybersecurity, and AR/VR are anticipated to become major forces, reshaping how TIC providers perceive the market. However, smaller TIC firms face obstacles in adopting these innovations due to substantial capital requirements for ongoing research and development. Additionally, utilizing advanced technology-based solutions for testing and certification poses challenges for new entrants and smaller players. In contrast, established TIC giants with robust financial resources can seamlessly integrate emerging technologies into their service offerings, spanning various applications. For instance, consumers can scan a QR code in-store to access a product's complete history, aiding informed purchase decisions. Nonetheless, integrating evolving technologies into existing service portfolios or certifying products and services across diverse applications remains a hurdle for smaller TIC players in the foreseeable future.

Testing, Inspection, and Certification
Market Ecosystem

Prominent companies in this market include well-established, financially stable providers of testing, inspection, and certification services. These companies have been operating in the market for several years and possess a diversified service portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies in this market 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), and UL LLC (US).

Testing, Inspection, and Certification Market Segmentation

Testing, Inspection, and Certification Market by Segmentation

By sourcing type, the outsourced segment is expected to grow with the highest rate during the forecast period

There is a growing demand for specialized expertise and technical knowledge across various industries. Outsourcing TIC services allows companies to access a wide range of specialized skills and capabilities without the need for extensive in-house resources. This is particularly beneficial for companies facing complex regulatory requirements or those operating in niche markets.  Additionally, outsourcing TIC services can offer cost advantages. By leveraging third-party providers, companies can avoid the high costs associated with maintaining in-house testing and inspection facilities, including equipment, staff, and infrastructure. Outsourcing allows for greater flexibility and scalability, enabling companies to adjust their testing and certification needs according to fluctuating demand.

By application, the agriculture & food application of the testing, inspection, and certification (TIC) market is experiencing notable growth

There is an increasing emphasis on food safety and quality standards globally. With rising consumer awareness about health and nutrition, there is a growing demand for certified agricultural products and food items that meet stringent quality and safety regulations. As a result, companies operating in the agriculture and food sector are increasingly turning to TIC services to ensure compliance with these standards and to demonstrate their commitment to quality to consumers.

During the forecast period Asia Pacific is projected to record largest market share of the overall testing, inspection, and certification market.

Testing, Inspection, and Certification Market
 by Region

Testing, Inspection, and Certification Market by Region

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During the forecast, Asia Pacific is projected to account for the largest share of the testing, inspection, and certification market. The key driver for this expansion stems from the thriving consumer electronics sector in countries such as China, South Korea, and India. Asia Pacific stands out as the primary producer and consumer market globally for a wide array of electronic goods, including smartphones, laptops, and televisions. Additionally, it serves as a significant manufacturing center for medical devices and associated equipment. Consequently, the region is poised to dominate the testing, inspection, and certification (TIC) services market, benefiting from its extensive production capabilities and expansive consumer base. The region's robust manufacturing ecosystem, coupled with its burgeoning demand for electronic products, underscores its pivotal role in shaping the trajectory of the TIC industry. As Asia Pacific continues to solidify its position as a key player in the global electronics market, the demand for TIC services is expected to witness sustained growth, driven by the imperative to ensure compliance with regulatory standards and to maintain product quality and safety across diverse sectors.

Key Market Players

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), Element Materials Technology (UK), and UL LLC (US) are some of the key players in the testing, inspection, and certification companies.

Testing, Inspection, & Certification (TIC) Market Report Scope

Report Metric

Details

Estimated Value

USD 233.2 billion

Expected Value 

USD 280.6 billion

Growth Rate

CAGR of 3.8%

Market Size Availability for Years

2020–2029

Base Year

2023

Forecast Period

2024–2029

Forecast Units

Value (USD)

Segments Covered

By service type, sourcing type, application, and region

Geographies Covered

North America, Europe, Asia Pacific, and RoW

Companies Covered

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 testing, inspection, and certification market.

Testing, Inspection, and Certification Market Highlights

This research report categorizes the Testing, inspection, and certification market based on offering, type, panel size, location, vertical, and region.

Segment

Subsegment

By Service Type

  • Introduction
  • Testing Services
  • Inspection Services
  • Certification Services
  • Other Servcies

By Sourcing Type

  • Introduction
  • In-house
  • Outsourced

By Application

  • Introduction
  • Consumer Goods & Retail
  • Agriculture & Food
  • Chemical
  • Construction & Infrastructure
  • Energy & Power
  • Industrial & Manufacturing
  • Medical & Life Sciences
  • Mining
  • Oil & Gas and Petroleum
  • Public Sector
  • Automotive
  • Aerospace
  • Marine
  • Railway
  • Supply Chain & Logistics
  • IT & Telecommunication
  • Sports & Entertainment

By Region

  • North America
  • Europe
  • Asia Pacific
  • RoW

Recent Developments

  • In December 2023, UL LLC and Hyundai Mobis North America signed a memorandum of understanding (MOU) to enhance the safety and performance of electric vehicle batteries. Through leveraging the UL LLC North America Advanced Battery Laboratory in Michigan, this partnership seeks to facilitate the safe and widespread deployment of electric vehicle battery technology amid the increasing global adoption of electric vehicles.
  • In November 2023, Intertek Group plc partnered with Emitech Group to broaden its European electrical testing capabilities. Emitech Group is an independent testing and engineering expert accredited with EN 17025 and EN 17065.
  • In October 2023, TÜV Rheinland acquired Burotec, a Spanish business group offering comprehensive inspection, engineering, and security services. This acquisition enhances TÜV Rheinland’s voluntary services activities and expands its service portfolio in Spain.
  • In September 2023, DNV GL introduced its newest service specification, DNV-SE-0656, which is designed to verify Power-to-X (PtX) facilities. This updated specification encompasses PtX and process facilities, offering a comprehensive framework for independent risk-based verification or certification. PtX involves the conversion of electricity into various fuels, including hydrogen, methane, ammonia, kerosene, and methanol. Typically, this process utilizes renewable electricity and biogenic carbon dioxide (CO2) to minimize greenhouse gas (GHG) emissions during fuel production and utilization.
  • In July 2023, SGS SA provided verification and assessment services for infrastructure and energy subsystems in railways. These accreditations, along with the company’s existing accreditations for rolling stock and control, command, and signaling subsystems, enabled the completion of the full Technical Specifications for Interoperability (TSI) certification process for railway subsystems.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 56)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS & EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 TESTING, INSPECTION, AND CERTIFICATION MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 LIMITATIONS 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
           1.7.1 RECESSION IMPACT ON TIC MARKET
 
2 RESEARCH METHODOLOGY (Page No. - 62)
    2.1 RESEARCH DATA 
           FIGURE 2 TESTING, INSPECTION, AND CERTIFICATION MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Major secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interview with experts
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key industry insights
                    2.1.2.4 Breakdown of primary interviews
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach to arrive at market size by bottom-up analysis
                               FIGURE 3 BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach to arrive at market size by top-down analysis
                               FIGURE 4 TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION 
           FIGURE 5 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS 
           2.4.1 ASSUMPTIONS
    2.5 RISK ASSESSMENT 
           TABLE 1 RISK FACTOR ANALYSIS
    2.6 RECESSION ASSUMPTIONS 
           TABLE 2 RECESSION IMPACT ASSESSMENT
    2.7 RESEARCH LIMITATIONS 
           2.7.1 LIMITATIONS
 
3 EXECUTIVE SUMMARY (Page No. - 75)
    FIGURE 6 TESTING, INSPECTION AND CERTIFICATION MARKET, 2020-2029 (USD MILLION)
    FIGURE 7 IN-HOUSE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
    FIGURE 8 TESTING SERVICES SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
    FIGURE 9 CONSUMER GOODS & RETAIL SEGMENT TO HOLD LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD
    FIGURE 10 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING 2024–2029
 
4 PREMIUM INSIGHTS (Page No. - 80)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN TESTING, INSPECTION, AND CERTIFICATION MARKET 
           FIGURE 11 ASIA PACIFIC TO EMERGE AS LUCRATIVE GROWTH AVENUE FOR TIC MARKET DURING 2024–2029
    4.2 MARKET, BY SOURCING TYPE 
           FIGURE 12 IN-HOUSE SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
    4.3 MARKET, BY SERVICE TYPE 
           FIGURE 13 TESTING SERVICES SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
    4.4 CONSUMER GOODS & RETAIL APPLICATION: TIC MARKET, BY TYPE 
           FIGURE 14 ELECTRICAL & ELECTRONICS SUBSEGMENT TO CAPTURE LARGEST MARKET SHARE FOR CONSUMER GOODS & RETAIL APPLICATIONS DURING 2024–2029
    4.5 MARKET, BY REGION 
           FIGURE 15 ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 83)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 16 TESTING, INSPECTION, AND CERTIFICATION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Enforcement of strict regulations to ensure product safety and environmental protection
                    5.2.1.2 Increasing need for interoperability testing owing to growing adoption of IoT
                    5.2.1.3 Rising circulation of counterfeit products
                    5.2.1.4 Increasing focus of manufacturing companies on customer retention
                               FIGURE 17 DRIVERS AND THEIR IMPACT ON TIC MARKET
           5.2.2 RESTRAINTS
                    5.2.2.1 Lack of uniformity in global TIC standards
                    5.2.2.2 High cost of TIC services due to varying standards and regulations across geographies
                               FIGURE 18 RESTRAINTS AND THEIR IMPACT ON MARKET
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Use of blockchain technology in TIC services
                    5.2.3.2 Rising adoption of TIC solutions based on advanced technologies
                               FIGURE 19 OPPORTUNITIES AND THEIR IMPACT ON MARKET
           5.2.4 CHALLENGES
                    5.2.4.1 Slower adoption rate of advanced technologies by small and medium-sized TIC companies
                               FIGURE 20 CHALLENGES AND THEIR IMPACT ON MARKET
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           FIGURE 21 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
    5.4 PRICING ANALYSIS 
           5.4.1 AVERAGE SELLING PRICE OF TESTING, INSPECTION, AND CERTIFICATION SERVICES OFFERED BY KEY PLAYERS
                    FIGURE 22 AVERAGE SELLING PRICE OF TESTING, INSPECTION, AND CERTIFICATION SERVICES OFFERED BY KEY PLAYERS
                    TABLE 3 AVERAGE SELLING PRICE OF TESTING, INSPECTION, AND CERTIFICATION SERVICES OFFERED BY KEY PLAYERS (USD/HR)
           5.4.2 AVERAGE SELLING PRICE OF TESTING, INSPECTION, AND CERTIFICATION SERVICES, BY REGION
                    FIGURE 23 AVERAGE SELLING PRICE OF TESTING, INSPECTION, AND CERTIFICATION SERVICES, BY REGION
    5.5 SUPPLY CHAIN ANALYSIS 
           FIGURE 24 TIC MARKET: SUPPLY CHAIN ANALYSIS
    5.6 MARKET MAP/ECOSYSTEM 
           TABLE 4 MARKET: ROLE OF COMPANIES IN ECOSYSTEM
           FIGURE 25 KEY PLAYERS IN TESTING, INSPECTION, AND CERTIFICATION ECOSYSTEM
    5.7 TECHNOLOGY ANALYSIS 
           5.7.1 SUBSTITUTE TECHNOLOGIES
           5.7.2 AUTOMATION TESTING TECHNOLOGY
           5.7.3 AUTOMATIC VISUAL INSPECTION (AVI) SYSTEM
           5.7.4 BLOCKCHAIN AND DIGITAL TWIN
    5.8 PATENT ANALYSIS 
           FIGURE 26 NUMBER OF PATENTS GRANTED FOR MARKET, 2014–2023
           FIGURE 27 REGIONAL ANALYSIS OF PATENTS GRANTED FOR MARKET, 2014–2023
           TABLE 5 LIST OF FEW PATENTS IN MARKET, 2020–2023
    5.9 TRADE ANALYSIS 
           TABLE 6 IMPORT DATA FOR HS CODE 9018-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
           FIGURE 28 IMPORT VALUES FOR HS CODE 9018-COMPLIANT PRODUCTS, 2018–2022
           TABLE 7 EXPORT DATA FOR HS CODE 9018-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
           FIGURE 29 EXPORT VALUES FOR HS CODE 9018-COMPLIANT PRODUCTS, 2018–2022
    5.10 KEY CONFERENCES AND EVENTS, 2024–2025 
           5.10.1 TIC MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    5.11 CASE STUDY ANALYSIS 
           5.11.1 TESTING OF MULTIPHASE FLOW METER (MPFM) WELL TESTING
                    TABLE 8 SGS SA HELPED OIL COMPANY TO CONDUCT PRODUCTION WELL TESTS AND ENSURE ADHERENCE TO NOC REGULATIONS
           5.11.2 ENHANCING PIPELINE INTEGRITY THROUGH ADVANCED INSPECTION TECHNOLOGIES BY NDT GLOBAL
                    TABLE 9 NDT GLOBAL HELPED PIPELINE OPERATOR COMBAT INTERNAL PITTING CORROSION IN PIPELINES AND IMPROVE INSPECTION ACCURACY
           5.11.3 REVOLUTIONIZING NGL PIPELINE INSPECTION WITH ADVANCED ULTRASONIC CRACK DETECTION
                    TABLE 10 NDT GLOBAL HELPED PIPELINE OPERATOR OVERCOME CHALLENGES AND ENSURE PRECISION IN IDENTIFYING COMPLEX CRACK FEATURES
    5.12 TARIFF AND REGULATORY LANDSCAPE 
           TABLE 11 MFN TARIFF FOR HS CODE 9018-COMPLIANT PRODUCTS EXPORTED BY US, 2023
           TABLE 12 TESTING, INSPECTION, AND CERTIFICATION MARKET: REGULATIONS
           5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 13 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 14 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 15 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 16 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.13 PORTER’S FIVE FORCES ANALYSIS 
           FIGURE 30 PORTER’S FIVE FORCES ANALYSIS
           TABLE 17 IMPACT OF PORTER’S FIVE FORCES ON MARKET
           FIGURE 31 IMPACT ANALYSIS OF PORTER’S FIVE FORCES ON MARKET
           5.13.1 THREAT OF NEW ENTRANTS
           5.13.2 THREAT OF SUBSTITUTES
           5.13.3 BARGAINING POWER OF SUPPLIERS
           5.13.4 BARGAINING POWER OF BUYERS
           5.13.5 INTENSITY OF COMPETITIVE RIVALRY
    5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 32 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS
                    TABLE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS (%)
           5.14.2 BUYING CRITERIA
                    FIGURE 33 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
                    TABLE 19 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
 
6 TESTING, INSPECTION, AND CERTIFICATION MARKET, BY SERVICE TYPE (Page No. - 116)
    6.1 INTRODUCTION 
           FIGURE 34 TIC MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
           FIGURE 35 TESTING SERVICES TO CAPTURE LARGEST SHARE OF MARKET THROUGHOUT FORECAST PERIOD
           TABLE 21 MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
    6.2 TESTING SERVICES 
           6.2.1 RISING FOCUS ON QUALITY CONTROL IN MANUFACTURING TO DRIVE DEMAND FOR TESTING SERVICES
    6.3 INSPECTION SERVICES 
           6.3.1 GROWING DEMAND FOR ESSENTIAL COMMODITIES TO BOOST ADOPTION OF INSPECTION SERVICES
    6.4 CERTIFICATION SERVICES 
           6.4.1 RISING FOCUS OF MANUFACTURERS ON PRODUCT MARKETABILITY TO LEAD TO ADOPTION OF CERTIFICATION SERVICES
    6.5 OTHER SERVICES 
 
7 TESTING, INSPECTION, AND CERTIFICATION MARKET, BY SOURCING TYPE (Page No. - 122)
    7.1 INTRODUCTION 
           FIGURE 36 TIC MARKET, BY SOURCING TYPE
           TABLE 22 MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
           FIGURE 37 IN-HOUSE SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
           TABLE 23 MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
    7.2 IN-HOUSE 
           7.2.1 IN-HOUSE TESTING SERVICES TO CAPTURE LARGER MARKET SHARE DURING FORECAST PERIOD
    7.3 OUTSOURCED 
           7.3.1 RISING PREFERENCE OF MANUFACTURING COMPANIES TO OUTSOURCE TIC SERVICES TO BOOST SEGMENTAL GROWTH
 
8 TESTING, INSPECTION, AND CERTIFICATION MARKET, BY APPLICATION (Page No. - 126)
    8.1 INTRODUCTION 
           FIGURE 38 CONSUMER GOODS & RETAIL SEGMENT TO HOLD LARGEST SHARE OF MARKET DURING FORECAST PERIOD
           TABLE 24 MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
           TABLE 25 MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
    8.2 CONSUMER GOODS & RETAIL 
           TABLE 26 CONSUMER GOODS & RETAIL APPLICATION: TIC MARKET, BY TYPE, 2020–2023 (USD MILLION)
           FIGURE 39 ELECTRICAL & ELECTRONICS SUBSEGMENT TO HOLD LARGEST MARKET SHARE FOR CONSUMER GOODS & RETAIL APPLICATIONS IN 2028
           TABLE 27 CONSUMER GOODS & RETAIL APPLICATION: MARKET, BY TYPE, 2024–2029 (USD MILLION)
           8.2.1 PERSONAL CARE & BEAUTY PRODUCTS
                    8.2.1.1 Constantly developing regulatory landscape for personal care and beauty products to drive market
           8.2.2 HARD GOODS
                    8.2.2.1 Proliferation of advanced technologies in manufacturing of hard goods to boost demand for TIC services
           8.2.3 SOFTLINES & ACCESSORIES
                    8.2.3.1 Rising demand for quality and durability checks in textiles and footwear industries to drive market
           8.2.4 TOYS & JUVENILE PRODUCTS
                    8.2.4.1 Expanding list of banned and restricted substances used for making toys and juvenile products to boost demand for TIC services
           8.2.5 ELECTRICAL & ELECTRONICS
                    8.2.5.1 Rapid technological innovations in consumer electronics to culminate into heightened demand for testing and certification
           8.2.6 OTHER CONSUMER GOODS & RETAIL APPLICATIONS
    8.3 AGRICULTURE & FOOD 
           TABLE 28 AGRICULTURE & FOOD APPLICATION: MARKET, BY TYPE, 2020–2023 (USD MILLION)
           TABLE 29 AGRICULTURE & FOOD APPLICATION: MARKET, BY TYPE, 2024–2029 (USD MILLION)
           8.3.1 SEEDS & CROPS
                    8.3.1.1 Growing importance of seed and crop quality assessments and seed certifications to drive segment
           8.3.2 FERTILIZERS
                    8.3.2.1 Growing emphasis on ensuring safety, efficacy, and sustainability of fertilizers to drive market
           8.3.3 COMMODITIES
                    8.3.3.1 Need to certify sustainability credentials of agricultural commodities to augment adoption of TIC services
           8.3.4 FOOD
                    8.3.4.1 Increasing demand for certified food products and globalization of food trade to boost requirement for TIC services
           8.3.5 MEAT
                    8.3.5.1 Increasing complexity of meat agriculture operations and need to verify safety of meat products to lead to reliance on TIC services
           8.3.6 FORESTRY
                    8.3.6.1 Growing focus on sustainability and responsible forest management practices to drive adoption of TIC services
           8.3.7 OTHER AGRICULTURE & FOOD APPLICATIONS
    8.4 CHEMICAL 
           TABLE 30 CHEMICAL APPLICATION: MARKET, BY TYPE, 2020–2023 (USD MILLION)
           TABLE 31 CHEMICAL APPLICATION: MARKET, BY TYPE, 2024–2029 (USD MILLION)
           8.4.1 ASSET INTEGRITY MANAGEMENT SERVICES
                    8.4.1.1 Increasing complexity of equipment and infrastructure to lead to requirement for asset integrity management services
           8.4.2 PROJECT LIFECYCLE SERVICES
                    8.4.2.1 Manufacturers’ focus on ensuring integrity, safety, and reliability of industrial facilities to boost demand for project lifecycle services
           8.4.3 FINISHED PRODUCT SERVICES
                    8.4.3.1 Growing concerns for consumer safety and quality of products to lead to adoption of finished product services
           8.4.4 CHEMICAL FEEDSTOCK SERVICES
                    8.4.4.1 Increasing emphasis on safety, quality, and sustainability in chemicals industry to drive segmental growth
           8.4.5 OTHER CHEMICAL APPLICATIONS
    8.5 CONSTRUCTION & INFRASTRUCTURE 
           TABLE 32 CONSTRUCTION & INFRASTRUCTURE APPLICATION: MARKET, BY TYPE, 2020–2023 (USD MILLION)
           TABLE 33 CONSTRUCTION & INFRASTRUCTURE APPLICATION: MARKET, BY TYPE, 2024–2029 (USD MILLION)
           8.5.1 PROJECT MANAGEMENT SERVICES
                    8.5.1.1 Need to design, construct, and manage buildings and infrastructures efficiently to drive market
           8.5.2 MATERIAL SERVICES
                    8.5.2.1 Imperative to ensure performance of construction materials to drive adoption of material services
           8.5.3 CONSTRUCTION MACHINERY & EQUIPMENT SERVICES
                    8.5.3.1 Growth of construction industry worldwide to drive segment
           8.5.4 FACILITIES MANAGEMENT & INSPECTION SERVICES
                    8.5.4.1 Need to monitor and ensure safety of facilities to boost adoption of facilities management and inspection services
           8.5.5 OTHER CONSTRUCTION & INFRASTRUCTURE APPLICATIONS
    8.6 ENERGY & POWER 
           TABLE 34 ENERGY & POWER APPLICATION: MARKET, BY TYPE, 2020–2023 (USD MILLION)
           TABLE 35 ENERGY & POWER APPLICATION: TESTING, INSPECTION, AND CERTIFICATION MARKET, BY TYPE, 2024–2029 (USD MILLION)
           8.6.1 ENERGY SOURCES
                    8.6.1.1 Need to ensure cost-efficient and safe availability of energy sources to drive demand for TIC services
                    8.6.1.2 Nuclear
                    8.6.1.3 Wind
                    8.6.1.4 Solar
                    8.6.1.5 Alternative fuels
                    8.6.1.6 Fuel oil & gases
                    8.6.1.7 Coal
           8.6.2 POWER GENERATION
                    8.6.2.1 Increasing emphasis on safety and reliability in power generation to necessitate comprehensive testing and inspection
           8.6.3 POWER DISTRIBUTION
                    8.6.3.1 Rising focus on ensuring continuous and stable operations of power distribution networks to drive segmental growth
           8.6.4 ASSET INTEGRITY MANAGEMENT
                    8.6.4.1 Growing focus on maintaining structural integrity, reliability, and performance of assets to drive segmental growth
           8.6.5 PROJECT LIFECYCLE MANAGEMENT
                    8.6.5.1 Rising emphasis on regulatory compliance and quality assurance throughout project phases to drive segment
           8.6.6 OTHER ENERGY & POWER APPLICATIONS
    8.7 INDUSTRIAL & MANUFACTURING 
           TABLE 36 INDUSTRIAL & MANUFACTURING APPLICATION: MARKET, BY TYPE, 2020–2023 (USD MILLION)
           TABLE 37 INDUSTRIAL & MANUFACTURING APPLICATION: MARKET, BY TYPE, 2024–2029 (USD MILLION)
           8.7.1 SUPPLIER-RELATED SERVICES
                    8.7.1.1 Increasing emphasis on supply chain resilience and risk management to drive segmental growth
           8.7.2 PRODUCTION- AND PRODUCT-RELATED SERVICES
                    8.7.2.1 Increasing importance of quality, conformity, and safety of industrial products to drive demand for TIC services
           8.7.3 PROJECT-RELATED SERVICES
                    8.7.3.1 Growing need to reduce technical risks, minimize errors, and control budgets to boost demand for project-related services
           8.7.4 OTHER INDUSTRIAL & MANUFACTURING APPLICATIONS
    8.8 MEDICAL & LIFE SCIENCES 
           TABLE 38 MEDICAL & LIFE SCIENCES APPLICATION: TIC MARKET, BY TYPE, 2020–2023 (USD MILLION)
           TABLE 39 MEDICAL & LIFE SCIENCES APPLICATION: MARKET, BY TYPE, 2024–2029 (USD MILLION)
           8.8.1 MEDICAL DEVICES
                    8.8.1.1 Need to ensure compliance with different regulations and standards in various markets worldwide to fuel demand for TIC services
           8.8.2 HEALTH, BEAUTY, AND WELLNESS
                    8.8.2.1 Rising concerns over safety and efficacy of health and beauty products to boost demand for TIC services
           8.8.3 CLINICAL SERVICES
                    8.8.3.1 Growing need to outsource drug development activities to specialized service providers to drive market
           8.8.4 LABORATORY SERVICES
                    8.8.4.1 Strict regulations imposed on biopharmaceutical products to induce demand for TIC services
           8.8.5 BIOPHARMACEUTICAL & PHARMACEUTICAL SERVICES
                    8.8.5.1 Growing stringency of regulatory requirements for pharmaceutical and biopharmaceutical industries to drive market
           8.8.6 OTHER MEDICAL & LIFE SCIENCES APPLICATIONS
    8.9 MINING 
           TABLE 40 MINING APPLICATION: TIC MARKET, BY TYPE, 2020–2023 (USD MILLION)
           FIGURE 40 EXPLORATION SERVICES TO HOLD LARGEST MAKET SHARE FOR MINING APPLICATIONS DURING FORECAST PERIOD
           TABLE 41 MINING APPLICATION: TESTING, INSPECTION, AND CERTIFICATION MARKET, BY TYPE, 2024–2029 (USD MILLION)
           8.9.1 INSPECTION & SAMPLING
                    8.9.1.1 Need to ensure compliance of shipments with international standards and customer specifications to drive adoption of TIC services
           8.9.2 ANALYTICAL SERVICES
                    8.9.2.1 Growing focus on resource optimization and regulatory compliance to propel adoption of analytical services
           8.9.3 EXPLORATION SERVICES
                    8.9.3.1 Growing demand for reliable and accurate data in mining to propel adoption of TIC services
           8.9.4 METALLURGY & PROCESS DESIGN SERVICES
                    8.9.4.1 Need to reduce metallurgy-related operational risks to fuel adoption of TIC services
           8.9.5 PRODUCTION & PLANT SERVICES
                    8.9.5.1 Need to assess structural integrity of mining infrastructure to prevent accidents to propel demand for TIC services
           8.9.6 SITE OPERATION & CLOSURE SERVICES
                    8.9.6.1 Need to mitigate environmental risks and ensure regulatory compliance to encourage adoption of TIC services
           8.9.7 PROJECT RISK ASSESSMENT & MITIGATION SERVICES
                    8.9.7.1 Need to ensure compliance with stringent safety and environmental regulations to drive market
           8.9.8 OTHER MINING APPLICATIONS
    8.10 OIL & GAS AND PETROLEUM 
           TABLE 42 OIL & GAS AND PETROLEUM APPLICATION: TIC MARKET, BY TYPE, 2020–2023 (USD MILLION)
           TABLE 43 OIL & GAS AND PETROLEUM APPLICATION: TESTING, INSPECTION, AND CERTIFICATION MARKET, BY TYPE, 2024–2029 (USD MILLION)
           8.10.1 UPSTREAM
                    8.10.1.1 Increasing exploration and production of oil and gas in challenging environments to necessitate adoption of TIC services
           8.10.2 DOWNSTREAM
                    8.10.2.1 Increasing complexity of downstream operations to propel demand for TIC services
           8.10.3 BIOFUELS AND FEEDSTOCK
                    8.10.3.1 Rising need to control and manage supply chain of biofuels to drive market
           8.10.4 PETROCHEMICALS
                    8.10.4.1 Growing focus on mitigating risks associated with petrochemicals to boost adoption of TIC services
           8.10.5 ASSET INTEGRITY MANAGEMENT
                    8.10.5.1 Rising emphasis on minimizing risks associated with asset failure to augment adoption of TIC services
           8.10.6 PROJECT LIFECYCLE
                    8.10.6.1 Need to enhance operational efficiency and safety across all phases of oil & gas projects to drive market
           8.10.7 OTHER OIL & GAS AND PETROLEUM APPLICATIONS
    8.11 PUBLIC SECTOR 
           TABLE 44 PUBLIC SECTOR APPLICATION: MARKET, BY TYPE, 2020–2023 (USD MILLION)
           TABLE 45 PUBLIC SECTOR APPLICATION: MARKET, BY TYPE, 2024–2029 (USD MILLION)
           8.11.1 PRODUCT CONFORMITY ASSESSMENT SERVICES
                    8.11.1.1 Focus on mitigating risks of goods rejection to fuel demand for TIC services
           8.11.2 MONITORING SERVICES
                    8.11.2.1 Need to monitor consignments under customs control and verify due diligence to boost demand for TIC services
           8.11.3 VALUATION SERVICES
                    8.11.3.1 Focus on reducing risk of fraud and building confidence between importers and exporters to boost demand for TIC services
           8.11.4 OTHER PUBLIC SECTOR APPLICATIONS
    8.12 AUTOMOTIVE 
           TABLE 46 AUTOMOTIVE APPLICATION: MARKET, BY TYPE, 2020–2023 (USD MILLION)
           TABLE 47 AUTOMOTIVE APPLICATION: MARKET, BY TYPE, 2024–2029 (USD MILLION)
           8.12.1 ELECTRICAL SYSTEMS AND COMPONENTS
                    8.12.1.1 Increasing complexity of automotive electrical systems and components to give rise to requirement for testing
           8.12.2 ELECTRIC VEHICLES, HYBRID ELECTRIC VEHICLES, AND BATTERY SYSTEMS
                    8.12.2.1 Need to identify potential defects impacting performance and safety of electric vehicles and battery systems to augment demand for TIC services
           8.12.3 TELEMATICS
                    8.12.3.1 Integration of communication technologies and informatics in vehicles to create demand for TIC services
           8.12.4 FUELS, FLUIDS, AND LUBRICANTS
                    8.12.4.1 Requirement for effective functioning of engines to lead to adoption of testing services
           8.12.5 INTERIOR & EXTERIOR MATERIALS AND COMPONENTS
                    8.12.5.1 Emphasis on improving performance of interior and exterior materials and automotive components to drive market
           8.12.6 VEHICLE INSPECTION SERVICES (VIS)
                    8.12.6.1 Growth of used cars market to fuel demand for inspection services
           8.12.7 HOMOLOGATION TESTING
                    8.12.7.1 Need to meet rising number of regulatory requirements in specific countries or regions to boost demand for homologation testing
           8.12.8 OTHER AUTOMOTIVE APPLICATIONS
    8.13 AEROSPACE 
           8.13.1 SERVICES FOR AIRPORTS
           8.13.2 SERVICES FOR AVIATION
           8.13.3 SERVICES FOR AEROSPACE
                    TABLE 48 AEROSPACE APPLICATION: MARKET, BY TYPE, 2020–2023 (USD MILLION)
                    TABLE 49 AEROSPACE APPLICATION: MARKET, BY TYPE, 2024–2029 (USD MILLION)
           8.13.4 AEROSPACE MANUFACTURING SERVICES
                    8.13.4.1 Focus on reducing risk of costly failures and downtime to boost demand for aerospace manufacturing services
           8.13.5 AVIATION MANAGEMENT SERVICES
                    8.13.5.1 Imperative to reduce risks of accidents and increase reliability of operations to boost demand for TIC services
           8.13.6 OTHER AEROSPACE APPLICATIONS
    8.14 MARINE 
           TABLE 50 MARINE APPLICATION: TESTING, INSPECTION, AND CERTIFICATION MARKET, BY TYPE, 2020–2023 (USD MILLION)
           TABLE 51 MARINE APPLICATION: MARKET, BY TYPE, 2024–2029 (USD MILLION)
           8.14.1 MARINE FUEL SYSTEM AND COMPONENT SERVICES
                    8.14.1.1 Need to identify potential hazards and ensure safety and reliability of equipment used in marine industry to drive market
           8.14.2 SHIP CLASSIFICATION SERVICES
                    8.14.2.1 Increasing stringency of safety and environmental regulations for ships to propel demand for TIC services
           8.14.3 MARINE MATERIAL & EQUIPMENT SERVICES
                    8.14.3.1 Growing need for safe and efficient maritime transportation and pollution prevention to drive segmental landscape
           8.14.4 OTHER MARINE APPLICATIONS
    8.15 RAILWAY 
           TABLE 52 RAILWAY APPLICATION: MARKET, BY TYPE, 2020–2023 (USD MILLION)
           TABLE 53 RAILWAY APPLICATION: TIC MARKET, BY TYPE, 2024–2029 (USD MILLION)
           8.15.1 RAIL CONSTRUCTION & PRODUCTION MONITORING
                    8.15.1.1 Adoption of drone technology for railway construction and production monitoring applications to drive market
           8.15.2 INFRASTRUCTURE MANAGEMENT
                    8.15.2.1 Need to ensure safe functioning of railway infrastructure and compliance with standards to boost demand for TIC services
           8.15.3 OTHER RAILWAY APPLICATIONS
    8.16 SUPPLY CHAIN & LOGISTICS 
           TABLE 54 SUPPLY CHAIN & LOGISTICS APPLICATION: MARKET, BY TYPE, 2020–2023 (USD MILLION)
           TABLE 55 SUPPLY CHAIN & LOGISTICS APPLICATION: MARKET, BY TYPE, 2024–2029 (USD MILLION)
           8.16.1 PACKAGING & HANDLING
                    8.16.1.1 Growing demand for sustainable packaging solutions to boost requirement for rigorous testing and certification
           8.16.2 RISK MANAGEMENT
                    8.16.2.1 Intensifying need to mitigate risks amidst growing complexity and globalization of supply chains to drive market
           8.16.3 OTHER SUPPLY CHAIN & LOGISTICS APPLICATIONS
    8.17 IT & TELECOMMUNICATION 
           TABLE 56 IT & TELECOMMUNICATION APPLICATION: MARKET, BY TYPE, 2020–2023 (USD MILLION)
           TABLE 57 IT & TELECOMMUNICATION APPLICATION: TESTING, INSPECTION, AND CERTIFICATION (TIC) MARKET FOR IT & TELECOMMUNICATION APPLICATION, BY TYPE, 2024–2029 (USD MILLION)
           8.17.1 TELECOMMUNICATION & IT INFRASTRUCTURE EQUIPMENT
                    8.17.1.1 Increasing complexities and diversity of communication equipment to necessitate testing
           8.17.2 MODULES & DEVICES
                    8.17.2.1 Need to meet regulatory requirements for commercialization to boost testing of modules and devices
    8.18 SPORTS & ENTERTAINMENT 
           TABLE 58 SPORTS & ENTERTAINMENT APPLICATION: TIC MARKET, BY TYPE, 2020–2023 (USD MILLION)
           TABLE 59 SPORTS & ENTERTAINMENT APPLICATION: MARKET, BY TYPE, 2024–2029 (USD MILLION)
           8.18.1 SPORTS VENUES & FACILITIES
                    8.18.1.1 Rise in crowd-related accidents in sports grounds to boost demand for sports field testing
           8.18.2 SPORTING GOODS & PROTECTIVE EQUIPMENT
                    8.18.2.1 Critical importance of safety and quality in sports goods and protective equipment to boost demand for TIC services
 
9 TESTING, INSPECTION, AND CERTIFICATION MARKET, BY REGION (Page No. - 197)
    9.1 INTRODUCTION 
           FIGURE 41 TESTING, INSPECTION, AND CERTIFICATION MARKET, BY REGION
           FIGURE 42 VIETNAM TO EXHIBIT HIGHEST CAGR IN MARKET DURING FORECAST PERIOD
           FIGURE 43 ASIA PACIFIC TO DOMINATE MARKET DURING FORECAST PERIOD
           TABLE 60 MARKET, BY REGION, 2020–2023 (USD MILLION)
           TABLE 61 MARKET, BY REGION, 2024–2029 (USD MILLION)
    9.2 NORTH AMERICA 
           9.2.1 RECESSION IMPACT ON MARKET IN NORTH AMERICA
                    FIGURE 44 NORTH AMERICA: RECESSION IMPACT ANALYSIS
                    FIGURE 45 NORTH AMERICA: TIC MARKET SNAPSHOT
                    TABLE 62 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
                    TABLE 63 NORTH AMERICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                    TABLE 64 NORTH AMERICA: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                    TABLE 65 NORTH AMERICA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                    TABLE 66 NORTH AMERICA: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                    TABLE 67 NORTH AMERICA: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                    TABLE 68 NORTH AMERICA: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                    TABLE 69 NORTH AMERICA: MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.2.2 US
                    9.2.2.1 Rising investments in AI and other next-generation technologies to drive market
                               TABLE 70 US: TESTING, INSPECTION, AND CERTIFICATION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                               TABLE 71 US: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                               TABLE 72 US: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 73 US: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 74 US: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                               TABLE 75 US: MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.2.3 CANADA
                    9.2.3.1 Increasing hydroelectric installed capacity to contribute to market growth
                               TABLE 76 CANADA: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                               TABLE 77 CANADA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                               TABLE 78 CANADA: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 79 CANADA: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 80 CANADA: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                               TABLE 81 CANADA: MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.2.4 MEXICO
                    9.2.4.1 Growing retail business to boost demand for TIC services
                               TABLE 82 MEXICO: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                               TABLE 83 MEXICO: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                               TABLE 84 MEXICO: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 85 MEXICO: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 86 MEXICO: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                               TABLE 87 MEXICO: TESTING, INSPECTION, AND CERTIFICATION MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
    9.3 EUROPE 
           9.3.1 RECESSION IMPACT ON MARKET IN EUROPE
                    FIGURE 46 EUROP: RECESSION IMPACT ANALYSIS
                    FIGURE 47 EUROPE: TIC MARKET SNAPSHOT
                    TABLE 88 EUROPE: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
                    TABLE 89 EUROPE: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                    TABLE 90 EUROPE: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                    TABLE 91 EUROPE: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                    TABLE 92 EUROPE: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                    TABLE 93 EUROPE: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                    TABLE 94 EUROPE: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                    TABLE 95 EUROPE: MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.3.2 GERMANY
                    9.3.2.1 Increasing focus on workplace safety following COVID-19 outbreak to facilitate market growth
                               TABLE 96 GERMANY: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                               TABLE 97 GERMANY: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                               TABLE 98 GERMANY: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 99 GERMANY: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 100 GERMANY: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                               TABLE 101 GERMANY: MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.3.3 UK
                    9.3.3.1 Rising emphasis on complying with regulatory standards to contribute to market growth
                               TABLE 102 UK: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                               TABLE 103 UK: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                               TABLE 104 UK: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 105 UK: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 106 UK: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                               TABLE 107 UK: TESTING, INSPECTION, AND CERTIFICATION MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.3.4 FRANCE
                    9.3.4.1 Growing awareness about food labeling to accelerate adoption of TIC services
                               TABLE 108 FRANCE: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                               TABLE 109 FRANCE: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                               TABLE 110 FRANCE: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 111 FRANCE: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 112 FRANCE: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                               TABLE 113 FRANCE: TESTING, INSPECTION, AND CERTIFICATION MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.3.5 ITALY
                    9.3.5.1 Rising focus on certifying products to ensure compliance with national and international standards to propel market
                               TABLE 114 ITALY: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                               TABLE 115 ITALY: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                               TABLE 116 ITALY: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 117 ITALY: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 118 ITALY: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                               TABLE 119 ITALY: MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.3.6 SPAIN
                    9.3.6.1 Increasing export of textile machinery to boost demand for TIC services
                               TABLE 120 SPAIN: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                               TABLE 121 SPAIN: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                               TABLE 122 SPAIN: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 123 SPAIN: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 124 SPAIN: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                               TABLE 125 SPAIN: TESTING, INSPECTION, AND CERTIFICATION MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.3.7 BELGIUM
                    9.3.7.1 Growing export of chocolates to propel demand for TIC services
                               TABLE 126 BELGIUM: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                               TABLE 127 BELGIUM: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                               TABLE 128 BELGIUM: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 129 BELGIUM: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 130 BELGIUM: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                               TABLE 131 BELGIUM: MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.3.8 RUSSIA
                    9.3.8.1 Rising agricultural production and oil export to contribute to market growth
                               TABLE 132 RUSSIA: TESTING, INSPECTION, AND CERTIFICATION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                               TABLE 133 RUSSIA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                               TABLE 134 RUSSIA: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 135 RUSSIA: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 136 RUSSIA: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                               TABLE 137 RUSSIA: MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.3.9 NETHERLANDS
                    9.3.9.1 Mounting demand for compliance services for electric vehicles to accelerate market growth
                               TABLE 138 NETHERLANDS: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                               TABLE 139 NETHERLANDS: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                               TABLE 140 NETHERLANDS: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 141 NETHERLANDS: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 142 NETHERLANDS: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                               TABLE 143 NETHERLANDS: MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.3.10 SWITZERLAND
                    9.3.10.1 Growing requirement for licenses to import pharmaceutical and medical products to drive market
                               TABLE 144 SWITZERLAND: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                               TABLE 145 SWITZERLAND: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                               TABLE 146 SWITZERLAND: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 147 SWITZERLAND: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 148 SWITZERLAND: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                               TABLE 149 SWITZERLAND: TESTING, INSPECTION, AND CERTIFICATION MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.3.11 HUNGARY
                    9.3.11.1 Escalating adoption of smartphones and e-commerce platforms to drive market
           9.3.12 POLAND
                    9.3.12.1 Rising focus on advanced manufacturing techniques to augment market growth
           9.3.13 BULGARIA
                    9.3.13.1 Increasing import of high-end machinery and manufacturing equipment to foster market growth
           9.3.14 SWEDEN
                    9.3.14.1 Presence of state-of-the-art vehicle testing facilities to contribute to market growth
           9.3.15 CZECH REPUBLIC
                    9.3.15.1 Increasing emphasis on widening automotive manufacturing capabilities to boost demand for TIC services
           9.3.16 NORWAY
                    9.3.16.1 Surging export of refined petroleum products to facilitate market growth
           9.3.17 ROMANIA
                    9.3.17.1 Increasing funding activities to strengthen healthcare services to boost market growth
           9.3.18 GREECE
                    9.3.18.1 Thriving renewable energy industry to accelerate adoption of TIC services
           9.3.19 IRELAND
                    9.3.19.1 Rising innovation in digital marketing and industrial robots to contribute to market growth
           9.3.20 AUSTRIA
                    9.3.20.1 Increasing pharmaceutical R&D activities to foster market growth
           9.3.21 CROATIA
                    9.3.21.1 Rising need to adhere to automotive component standards to accelerate market growth
           9.3.22 TURKEY
                    9.3.22.1 Growing implementation of guidelines to prevent product counterfeiting to fuel market growth
           9.3.23 DENMARK
                    9.3.23.1 Increasing export of agricultural products to boost adoption of TIC services
           9.3.24 ESTONIA
                    9.3.24.1 Rising introduction of import control measures to secure flow of goods to facilitate market growth
           9.3.25 LITHUANIA
                    9.3.25.1 Escalating export of processed food products to augment demand for TIC services
           9.3.26 LATVIA
                    9.3.26.1 Rising emphasis on logistics infrastructure development to expedite market growth
           9.3.27 PORTUGAL
                    9.3.27.1 Increasing enforcement of food safety laws to contribute to market growth
           9.3.28 FINLAND
                    9.3.28.1 Rising development of battery production facilities to foster market growth
           9.3.29 SLOVAKIA
                    9.3.29.1 Shifting preference toward electric vehicles to boost adoption of battery testing services
           9.3.30 REST OF EUROPE
    9.4 ASIA PACIFIC 
           9.4.1 RECESSION IMPACT ON MARKET IN ASIA PACIFIC
                    FIGURE 48 ASIA PACIFIC: RECESSION IMPACT ANALYSIS
                    FIGURE 49 ASIA PACIFIC: TESTING, INSPECTION, AND CERTIFICATION MARKET SNAPSHOT
                    TABLE 150 ASIA PACIFIC: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
                    TABLE 151 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                    TABLE 152 ASIA PACIFIC: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                    TABLE 153 ASIA PACIFIC: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                    TABLE 154 ASIA PACIFIC: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                    TABLE 155 ASIA PACIFIC: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                    TABLE 156 ASIA PACIFIC: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                    TABLE 157 ASIA PACIFIC: MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.4.2 CHINA
                    9.4.2.1 Strong focus on food product safety and quality to foster market growth
                               TABLE 158 CHINA: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                               TABLE 159 CHINA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                               TABLE 160 CHINA: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 161 CHINA: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 162 CHINA: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                               TABLE 163 CHINA: TIC MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.4.3 JAPAN
                    9.4.3.1 Need for certification of communication equipment to contribute to market growth
                               TABLE 164 JAPAN: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                               TABLE 165 JAPAN: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                               TABLE 166 JAPAN: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 167 JAPAN: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 168 JAPAN: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                               TABLE 169 JAPAN: MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.4.4 INDIA
                    9.4.4.1 Introduction of production-linked incentives for medical devices to fuel market growth
                               TABLE 170 INDIA: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                               TABLE 171 INDIA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                               TABLE 172 INDIA: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 173 INDIA: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 174 INDIA: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                               TABLE 175 INDIA: TIC MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.4.5 SOUTH KOREA
                    9.4.5.1 Enforcement of regulations to develop safe consumer goods to bolster market growth
                               TABLE 176 SOUTH KOREA: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                               TABLE 177 SOUTH KOREA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                               TABLE 178 SOUTH KOREA: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 179 SOUTH KOREA: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 180 SOUTH KOREA: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                               TABLE 181 SOUTH KOREA: TESTING, INSPECTION, AND CERTIFICATION MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.4.6 AUSTRALIA
                    9.4.6.1 Requirements for food and beverages to pass through hazard analysis schemes to drive market
                               TABLE 182 AUSTRALIA: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                               TABLE 183 AUSTRALIA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                               TABLE 184 AUSTRALIA: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 185 AUSTRALIA: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 186 AUSTRALIA: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                               TABLE 187 AUSTRALIA: MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.4.7 SINGAPORE
                    9.4.7.1 Implementation of standardized guidelines to decarbonize power sector to facilitate market growth
                               TABLE 188 SINGAPORE: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                               TABLE 189 SINGAPORE: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                               TABLE 190 SINGAPORE: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 191 SINGAPORE: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 192 SINGAPORE: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                               TABLE 193 SINGAPORE: TESTING, INSPECTION, AND CERTIFICATION MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.4.8 THAILAND
                    9.4.8.1 Rise in telecom operations to boost demand for testing and certification services
                               TABLE 194 THAILAND: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                               TABLE 195 THAILAND: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                               TABLE 196 THAILAND: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 197 THAILAND: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 198 THAILAND: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                               TABLE 199 THAILAND: TESTING, INSPECTION, AND CERTIFICATION MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.4.9 INDONESIA
                    9.4.9.1 Requirement for medical devices to obtain Halal certification to augment market growth
                               TABLE 200 INDONESIA: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                               TABLE 201 INDONESIA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                               TABLE 202 INDONESIA: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 203 INDONESIA: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 204 INDONESIA: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                               TABLE 205 INDONESIA: MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.4.10 MALAYSIA
                    9.4.10.1 Increased demand for advanced data analytics technologies to drive market
                               TABLE 206 MALAYSIA: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                               TABLE 207 MALAYSIA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                               TABLE 208 MALAYSIA: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 209 MALAYSIA: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 210 MALAYSIA: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                               TABLE 211 MALAYSIA: MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.4.11 VIETNAM
                    9.4.11.1 Requirement for cosmetics importers and exporters to adhere to safety regulations to fuel market growth
                               TABLE 212 VIETNAM: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                               TABLE 213 VIETNAM: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                               TABLE 214 VIETNAM: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 215 VIETNAM: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 216 VIETNAM: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                               TABLE 217 VIETNAM: TESTING, INSPECTION, AND CERTIFICATION MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.4.12 TAIWAN
                    9.4.12.1 Reliance on digital solutions to strengthen healthcare systems to accelerate market growth
                               TABLE 218 TAIWAN: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                               TABLE 219 TAIWAN: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                               TABLE 220 TAIWAN: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 221 TAIWAN: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 222 TAIWAN: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                               TABLE 223 TAIWAN: TESTING, INSPECTION, AND CERTIFICATION MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.4.13 HONG KONG
                    9.4.13.1 Introduction of schemes to ensure safety and performance of lighting products to propel market
                               TABLE 224 HONG KONG: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                               TABLE 225 HONG KONG: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                               TABLE 226 HONG KONG: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 227 HONG KONG: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 228 HONG KONG: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                               TABLE 229 HONG KONG: MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.4.14 BANGLADESH
                    9.4.14.1 Rise in garment export to Europe and US to contribute to market growth
                               TABLE 230 BANGLADESH: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                               TABLE 231 BANGLADESH: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                               TABLE 232 BANGLADESH: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 233 BANGLADESH: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 234 BANGLADESH: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                               TABLE 235 BANGLADESH: TESTING, INSPECTION, AND CERTIFICATION MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.4.15 PHILIPPINES
                    9.4.15.1 Development of online product certification services to foster market growth
                               TABLE 236 PHILIPPINES: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                               TABLE 237 PHILIPPINES: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                               TABLE 238 PHILIPPINES: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 239 PHILIPPINES: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 240 PHILIPPINES: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                               TABLE 241 PHILIPPINES: MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.4.16 REST OF ASIA PACIFIC
                    TABLE 242 REST OF ASIA PACIFIC: TESTING, INSPECTION, AND CERTIFICATION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                    TABLE 243 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                    TABLE 244 REST OF ASIA PACIFIC: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                    TABLE 245 REST OF ASIA PACIFIC: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                    TABLE 246 REST OF ASIA PACIFIC: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                    TABLE 247 REST OF ASIA PACIFIC: MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
    9.5 ROW 
           9.5.1 RECESSION IMPACT ON MARKET IN ROW
                    FIGURE 50 ROW: RECESSION IMPACT ANALYSIS
                    FIGURE 51 ROW: TESTING, INSPECTION, AND CERTIFICATION MARKET SNAPSHOT
                    TABLE 248 ROW: MARKET, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 249 ROW: MARKET, BY REGION, 2024–2029 (USD MILLION)
                    TABLE 250 ROW: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                    TABLE 251 ROW: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                    TABLE 252 ROW: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                    TABLE 253 ROW: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                    TABLE 254 ROW: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                    TABLE 255 ROW: MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
           9.5.2 SOUTH AMERICA
                    TABLE 256 SOUTH AMERICA: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
                    TABLE 257 SOUTH AMERICA: TESTING, INSPECTION, AND CERTIFICATION MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                    9.5.2.1 Brazil
                                     9.5.2.1.1 Increasing production and import of medical equipment to drive market
                                                  TABLE 258 BRAZIL: MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                                  TABLE 259 BRAZIL: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                                                  TABLE 260 BRAZIL: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                                                  TABLE 261 BRAZIL: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                                                  TABLE 262 BRAZIL: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                                                  TABLE 263 BRAZIL: MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
                    9.5.2.2 Argentina
                                     9.5.2.2.1 Rising export of soy-derived products to boost demand for TIC services
                                                  TABLE 264 ARGENTINA: TESTING, INSPECTION, AND CERTIFICATION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                                  TABLE 265 ARGENTINA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                                                  TABLE 266 ARGENTINA: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                                                  TABLE 267 ARGENTINA: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                                                  TABLE 268 ARGENTINA: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                                                  TABLE 269 ARGENTINA: MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
                    9.5.2.3 Peru
                                     9.5.2.3.1 Growing export of mining and agricultural products to fuel market growth
                    9.5.2.4 Chile
                                     9.5.2.4.1 Increasing requirement for imported products to undergo certification tests to propel market
                    9.5.2.5 Colombia
                                     9.5.2.5.1 Growing popularity of medical tourism to accelerate adoption of TIC services in healthcare
                    9.5.2.6 Venezuela
                                     9.5.2.6.1 Increasing requirement for food product inspection and certification to foster market growth
                    9.5.2.7 Ecuador
                                     9.5.2.7.1 Rising emphasis on quality assurance of exported products to propel market
                    9.5.2.8 Dominican Republic
                                     9.5.2.8.1 Mounting investment in oil & gas facilities to boost demand for TIC services
                    9.5.2.9 Central America
                                     9.5.2.9.1 Increasing development of certified medicines to accelerate adoption of TIC services
                    9.5.2.10 Rest of South America
           9.5.3 MIDDLE EAST & AFRICA
                    TABLE 270 MIDDLE EAST & AFRICA: TIC MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
                    TABLE 271 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
                    9.5.3.1 Saudi Arabia
                                     9.5.3.1.1 Increasing number of oil reserves to create growth opportunities for TIC service providers
                                                  TABLE 272 SAUDI ARABIA: TESTING, INSPECTION, AND CERTIFICATION MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
                                                  TABLE 273 SAUDI ARABIA: MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
                                                  TABLE 274 SAUDI ARABIA: MARKET, BY SERVICE TYPE, 2020–2023 (USD MILLION)
                                                  TABLE 275 SAUDI ARABIA: MARKET, BY SERVICE TYPE, 2024–2029 (USD MILLION)
                                                  TABLE 276 SAUDI ARABIA: MARKET, BY SOURCING TYPE, 2020–2023 (USD MILLION)
                                                  TABLE 277 SAUDI ARABIA: MARKET, BY SOURCING TYPE, 2024–2029 (USD MILLION)
                    9.5.3.2 Iran
                                     9.5.3.2.1 Increasing need to ensure quality of imported goods to boost demand for certification services
                    9.5.3.3 Iraq
                                     9.5.3.3.1 Booming infrastructure and housing sector to bolster adoption of TIC services
                    9.5.3.4 UAE
                                     9.5.3.4.1 Presence of well-established oil & gas industry to foster market growth
                    9.5.3.5 Qatar
                                     9.5.3.5.1 Burgeoning export of liquefied natural gas to boost requirement for TIC services
                    9.5.3.6 Oman
                                     9.5.3.6.1 Growing emphasis on expanding oil & petroleum refining facilities to contribute to market growth
                    9.5.3.7 Bahrain
                                     9.5.3.7.1 Rising implementation of mandates related to pharmaceutical devices to accelerate market growth
                    9.5.3.8 South Africa
                                     9.5.3.8.1 Increasing export of gold and natural resources to expedite market growth
                    9.5.3.9 Egypt
                                     9.5.3.9.1 Stringent import regulations to fuel demand for TIC services
                    9.5.3.10 Morocco
                                     9.5.3.10.1 Rising focus on conformity assessment of industrial products to fuel market growth
                    9.5.3.11 Kuwait
                                     9.5.3.11.1 Growing need for quality control in railway projects to augment demand for TIC services
                    9.5.3.12 Algeria
                                     9.5.3.12.1 Shifting preference from hydrocarbon to renewable energy to contribute to market growth
                    9.5.3.13 Rest of Middle East & Africa
 
10 COMPETITIVE LANDSCAPE (Page No. - 379)
     10.1 OVERVIEW 
     10.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             TABLE 278 OVERVIEW OF STRATEGIES DEPLOYED BY KEY MID- AND HIGH-LEVEL TESTING, INSPECTION, AND CERTIFICATION SERVICE PROVIDERS
             10.2.1 SERVICE PORTFOLIO
             10.2.2 REGIONAL FOCUS
             10.2.3 STRATEGIC DEVELOPMENTS/PARTNERSHIPS/ MERGERS, AND ACQUISITIONS
             10.2.4 SERVICE LAUNCHES/OTHER DEVELOPMENTS
     10.3 REVENUE ANALYSIS OF TOP COMPANIES 
             FIGURE 52 FIVE-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS IN TIC MARKET, 2019–2023
     10.4 MARKET SHARE ANALYSIS 
             TABLE 279 DEGREE OF COMPETITION IN TIC MARKET, 2023
             FIGURE 53 INDUSTRY CONCENTRATION, 2023
     10.5 MARKET CAPITALIZATION AND FINANCIAL METRICS 
             FIGURE 54 COMPANY VALUATION, 2023 (USD BILLION)
             FIGURE 55 FINANCIAL METRICS (EV/EBITDA), 2023
     10.6 BRAND/PRODUCT COMPARISON 
             FIGURE 56 BRAND/PRODUCT COMPARISON
     10.7 COMPANY EVALUATION MATRIX: KEY PLAYERS 
             FIGURE 57 TIC MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
             10.7.1 STARS
             10.7.2 PERVASIVE PLAYERS
             10.7.3 EMERGING LEADERS
             10.7.4 PARTICIPANTS
             10.7.5 COMPANY FOOTPRINT
                        TABLE 280 TESTING, INSPECTION, AND CERTIFICATION MARKET: COMPANY FOOTPRINT
                        TABLE 281 COMPANY APPLICATION FOOTPRINT
                        TABLE 282 COMPANY REGION FOOTPRINT
     10.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES 
             FIGURE 58 TESTING, INSPECTION, AND CERTIFICATION: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
             10.8.1 PROGRESSIVE COMPANIES
             10.8.2 RESPONSIVE COMPANIES
             10.8.3 DYNAMIC COMPANIES
             10.8.4 STARTING BLOCKS
             10.8.5 COMPETITIVE BENCHMARKING
                        TABLE 283 TIC MARKET: KEY STARTUPS/SMES
                        TABLE 284 TESTING, INSPECTION, AND CERTIFICATION MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     10.9 COMPETITIVE SCENARIO 
             10.9.1 TESTING, INSPECTION, AND CERTIFICATION MARKET
                        10.9.1.1 Service launches
                                     TABLE 285 MARKET: SERVICE LAUNCHES, MARCH 2020– SEPTEMBER 2023
                        10.9.1.2 Deals
                                     TABLE 286 MARKET: DEALS, JANUARY 2020– DECEMBER 2023
                        10.9.1.3 Expansions
                                     TABLE 287 MARKET: EXPANSIONS, MARCH 2020–DECEMBER 2023
                        10.9.1.4 Other developments
                                     TABLE 288 TESTING, INSPECTION, AND CERTIFICATION MARKET: OTHER DEVELOPMENTS, JANUARY 2020–NOVEMBER 2023
 
11 COMPANY PROFILES (Page No. - 446)
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *  
     11.1 KEY PLAYERS 
             11.1.1 SGS SA
                        TABLE 289 SGS SA: COMPANY OVERVIEW
                        FIGURE 59 SGS SA: COMPANY SNAPSHOT
                        TABLE 290 SGS SA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 291 SGS SA: SOLUTION/SERVICE LAUNCHES
                        TABLE 292 SGS SA: DEALS
                        TABLE 293 SGS SA: EXPANSIONS
                        TABLE 294 SGS SA: OTHER DEALS/DEVELOPMENTS
             11.1.2 BUREAU VERITAS
                        TABLE 295 BUREAU VERITAS: COMPANY OVERVIEW
                        FIGURE 60 BUREAU VERITAS: COMPANY SNAPSHOT
                        TABLE 296 BUREAU VERITAS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 297 BUREAU VERITAS: SOLUTION/SERVICE LAUNCHES
                        TABLE 298 BUREAU VERITAS: DEALS
             11.1.3 INTERTEK GROUP PLC
                        TABLE 299 INTERTEK GROUP PLC: COMPANY OVERVIEW
                        FIGURE 61 INTERTEK GROUP PLC: COMPANY SNAPSHOT
                        TABLE 300 INTERTEK GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 301 INTERTEK GROUP PLC: SOLUTION/SERVICE LAUNCHES
                        TABLE 302 INTERTEK GROUP PLC: DEALS
                        TABLE 303 INTERTEK GROUP PLC: EXPANSIONS
                        TABLE 304 INTERTEK GROUP PLC: OTHERS
             11.1.4 TÜV SÜD
                        TABLE 305 TÜV SÜD: COMPANY OVERVIEW
                        FIGURE 62 TÜV SÜD: COMPANY SNAPSHOT
                        TABLE 306 TÜV SÜD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 307 TÜV SÜD: SOLUTION/SERVICE LAUNCHES
                        TABLE 308 TÜV SÜD: DEALS
                        TABLE 309 TÜV SÜD: EXPANSIONS
                        TABLE 310 TÜV SÜD: OTHERS
             11.1.5 DNV GL
                        TABLE 311 DNV GL: COMPANY OVERVIEW
                        FIGURE 63 DNV GL: COMPANY SNAPSHOT
                        TABLE 312 DNV GL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 313 DNV GL: SOLUTIONS/SERVICES LAUNCHES
                        TABLE 314 DNV GL: DEALS
                        TABLE 315 DNV GL: EXPANSIONS
             11.1.6 TÜV RHEINLAND
                        TABLE 316 TÜV RHEINLAND: COMPANY OVERVIEW
                        FIGURE 64 TÜV RHEINLAND: COMPANY SNAPSHOT
                        TABLE 317 TÜV RHEINLAND: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 318 TÜV RHEINLAND: SOLUTION/SERVICE LAUNCHES
                        TABLE 319 TÜV RHEINLAND: DEALS
                        TABLE 320 TÜV RHEINLAND: EXPANSIONS
                        TABLE 321 TÜV RHEINLAND: OTHERS
             11.1.7 DEKRA
                        TABLE 322 DEKRA: COMPANY OVERVIEW
                        FIGURE 65 DEKRA: COMPANY SNAPSHOT
                        TABLE 323 DEKRA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 324 DEKRA: SOLUTION/SERVICE LAUNCHES
                        TABLE 325 DEKRA: DEALS
                        TABLE 326 DEKRA: EXPANSIONS
             11.1.8 EUROFINS SCIENTIFIC
                        TABLE 327 EUROFINS SCIENTIFIC: COMPANY OVERVIEW
                        FIGURE 66 EUROFINS SCIENTIFIC: COMPANY SNAPSHOT
                        TABLE 328 EUROFINS SCIENTIFIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 329 EUROFINS SCIENTIFIC: SOLUTION/SERVICE LAUNCHES
                        TABLE 330 EUROFINS SCIENTIFIC: DEALS
             11.1.9 APPLUS+
                        TABLE 331 APPLUS+: COMPANY OVERVIEW
                        FIGURE 67 APPLUS+: COMPANY SNAPSHOT
                        TABLE 332 APPLUS+: SOLUTIONS/SERVICES OFFERED
                        TABLE 333 APPLUS+: SOLUTION/SERVICE LAUNCHES
                        TABLE 334 APPLUS+: DEALS
                        TABLE 335 APPLUS+: EXPANSIONS
             11.1.10 ALS
                        TABLE 336 ALS: COMPANY OVERVIEW
                        FIGURE 68 ALS: COMPANY SNAPSHOT
                        TABLE 337 ALS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 338 ALS: SOLUTION/SERVICE LAUNCHES
                        TABLE 339 ALS: DEALS
             11.1.11 TÜV NORD GROUP
                        TABLE 340 TÜV NORD GROUP: COMPANY OVERVIEW
                        FIGURE 69 TÜV NORD GROUP: COMPANY SNAPSHOT
                        TABLE 341 TÜV NORD GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 342 TÜV NORD GROUP: SOLUTION/SERVICE LAUNCHES
                        TABLE 343 TÜV NORD GROUP: DEALS
             11.1.12 LLOYD’S REGISTER GROUP SERVICES LIMITED
                        TABLE 344 LLOYD’S REGISTER GROUP SERVICES LIMITED: COMPANY OVERVIEW
                        TABLE 345 LLOYD’S REGISTER GROUP SERVICES LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 346 LLOYD’S REGISTER GROUP SERVICES LIMITED: SOLUTION/SERVICE LAUNCHES
                        TABLE 347 LLOYD’S REGISTER GROUP SERVICES LIMITED: DEALS
             11.1.13 MISTRAS GROUP
                        TABLE 348 MISTRAS GROUP: COMPANY OVERVIEW
                        FIGURE 70 MISTRAS GROUP: COMPANY SNAPSHOT
                        TABLE 349 MISTRAS GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 350 MISTRAS GROUP: SOLUTION/SERVICE LAUNCHES
             11.1.14 ELEMENT MATERIALS TECHNOLOGY
                        TABLE 351 ELEMENT MATERIALS TECHNOLOGY: COMPANY OVERVIEW
                        TABLE 352 ELEMENT MATERIALS TECHNOLOGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 353 ELEMENT MATERIALS TECHNOLOGY: SOLUTION/SERVICE LAUNCHES
                        TABLE 354 ELEMENT MATERIALS TECHNOLOGY: DEALS
                        TABLE 355 ELEMENT MATERIALS TECHNOLOGY: EXPANSIONS
             11.1.15 UL LLC
                        TABLE 356 UL LLC: COMPANY OVERVIEW
                        TABLE 357 UL LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 358 UL LLC: SOLUTION/SERVICE LAUNCHES
                        TABLE 359 UL LLC: DEALS
                        TABLE 360 UL LLC: EXPANSIONS
     11.2 OTHER PLAYERS 
             11.2.1 APAVE
             11.2.2 IRCLASS
             11.2.3 NORMEC QS
             11.2.4 THOMAS BELL-WRIGHT INTERNATIONAL CONSULTANTS
             11.2.5 HOHENSTEIN
             11.2.6 ASTM
             11.2.7 VDE PRÜF- UND ZERTIFIZIERUNGSINSTITUT GMBH
             11.2.8 KEYSTONE COMPLIANCE
             11.2.9 WASHINGTON LABORATORIES, LTD.
             11.2.10 FORCE TECHNOLOGY
             11.2.11 KIWA INSPECTA
             11.2.12 RINA S.P.A.
             11.2.13 TECHNICKÁ INŠPEKCIA, A.S.
             11.2.14 TÜRK LOYDU
             11.2.15 SAFETY ASSESSMENT FEDERATION(SAFED)
             11.2.16 PRIME GROUP
             11.2.17 HV TECHNOLOGIES INC.
             11.2.18 CORE LABORATORIES
             11.2.19 NCML
             11.2.20 AMSPEC GROUP
             11.2.21 ASUREQUALITY
             11.2.22 MEDISTRI SA
             11.2.23 INOTIV
             11.2.24 GATEWAY ANALYTICAL
             11.2.25 GULF INSPECTION INTERNATIONAL CO.
             11.2.26 NIPPON KAIJI KENTEI KYOKAI
             11.2.27 HUMBER INSPECTION INTERNATIONAL LTD.
             11.2.28 NQA
             11.2.29 BALTIC CONTROL
             11.2.30 BRITISH STANDARDS INSTITUTE
             11.2.31 OPUS GROUP AB
             11.2.32 TEAM INC.
             11.2.33 FAVARETO SA
             11.2.34 LENOR GROUP
             11.2.35 COTECNA
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.  
 
12 APPENDIX (Page No. - 598)
     12.1 INSIGHTS FROM INDUSTRY EXPERTS 
     12.2 DISCUSSION GUIDE 
     12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     12.4 CUSTOMIZATION OPTIONS 
     12.5 RELATED REPORTS 
     12.6 AUTHOR DETAILS 
 

 

The study involved four major activities in estimating the size of the testing, inspection, and certification market. Exhaustive secondary research has been carried out to collect information on the market, the peer markets, and the parent market. Both top-down and bottom-up approaches have been employed to estimate the total market size. Market breakdown and data triangulation methods have also been used to estimate the market for segments and subsegments.

Secondary Research

Revenues of companies offering testing, inspection, and certification systems have been obtained from the secondary data available through paid and unpaid sources. The revenues have also been derived by analyzing the product portfolio of key companies, and these companies have been rated according to the performance and quality of their products.

In the secondary research process, various sources have been referred to for identifying and collecting information for this study on the testing, inspection, and certification market. Secondary sources considered for this research study include government sources, corporate filings, and trade, business, and professional associations. Secondary data has been collected and analyzed to arrive at the overall market size, which has been further validated through primary research.    

Secondary research has been mainly used to obtain key information about the supply chain of Testing, inspection, and certification systems to identify key players based on their products and prevailing industry trends in the Testing, inspection, and certification market by offering, type, panel size, location, vertical, and region. Secondary research also helped obtain market information- and technology-oriented key developments undertaken by market players to expand their presence and increase their market share.

Primary Research

Extensive primary research has been conducted after understanding and analyzing the current scenario of the Testing, inspection, and certification market through secondary research. Several primary interviews have been conducted with the key opinion leaders from the demand and supply sides across four main regions—North America, Europe, Asia Pacific, and the Rest of Europe. Approximately 25% of the primary interviews were conducted with the demand-side respondents, while approximately 75% were conducted with the supply-side respondents. The primary data has been collected through questionnaires, emails, and telephone interviews.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primary. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:

Testing, Inspection, and Certification Market
 Size, and Share

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

Market Size Estimation

The bottom-up procedure has been employed to arrive at the overall size of the testing, inspection, and certification market.

  • More than 40 companies offering testing, inspection, and certification services have been identified, and their services have been mapped based on certification service type, application, and region.
  • The global testing, inspection, and certification (TIC) market size has been derived through the data sanity method. The revenues of testing, inspection, and certification service providers have been analyzed through annual reports and press releases and summed up to derive the overall market size.
  • For each company, a percentage has been assigned to the overall revenue to derive the revenues from the testing, inspection, and certification segment.
  • Each company's percentage has been assigned after analyzing various factors, including service offerings, geographic presence, initiatives, and recent developments/strategies adopted for growth in the testing, inspection, and certification (TIC) market.
  • For the CAGR, the market trend analysis of testing, inspection, and certification was conducted by understanding the industry penetration rate and the demand for the supply of testing, inspection, and certification services in different sectors.
  • Estimates at every level were verified and validated by discussing with key opinion leaders, including CXOs, directors, operation managers, and domain experts in MarketsandMarkets.
  • Various paid and unpaid information sources, such as annual reports, press releases, white papers, and databases, have been studied.

Testing, Inspection, and Certification Market
 Size, and Bottom-up Approach

The top-down approach has been used to estimate and validate the total size of the Testing, inspection, and certification market.

  • The report focused on top-line investments and expenditures in the ecosystems of various industries. The testing, inspection, and certification (TIC) market has been further segmented based on sourcing type, service type, and application.
  • Further information has been derived from the market revenue generated by the key testing, inspection, and certification service providers.
  • Multiple on-field discussions have been carried out with key opinion leaders from each major company involved in providing testing, inspection, and certification services.
  • The geographic splits have been estimated using secondary sources based on various factors such as the number of players in a specific country, region, and major applications.

Testing, Inspection, and Certification Market
 Size, and Top-down
  Approach

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market has been split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from the demand and supply sides in the testing, inspection, and certification market.

Market Definition

The testing, inspection, and certification market refers to a sector encompassing organizations and services involved in assessing the quality, safety, compliance, and performance of products, processes, and systems across various industries. TIC services are offered by testing laboratories, inspection agencies, certification bodies, and conformity assessment entities. These entities conduct evaluations, inspections, and audits to ensure that products meet regulatory standards, industry requirements, and customer expectations. TIC services play a crucial role in verifying the quality and safety of goods and services, facilitating trade, protecting consumers, and enhancing confidence in products and processes.

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 and health assessment; 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 ensure that the manufactured products meet national and international safety- and quality-related regulations.

Key Stakeholders

  • Raw material and testing equipment suppliers
  • Research organizations
  • Original equipment manufacturers (OEMs)
  • Technology standards organizations, forums, alliances, and associations
  • Technology investors
  • Analysts and strategic business planners
  • Government bodies, venture capitalists, and private equity firms
  • End users who want to know more about testing, inspection, and certification services and the latest standards in the market

Report Objectives

  • To define, segment, and forecast the testing, inspection, and certification (TIC) market size, by service type, sourcing type, application, and region, in terms of value
  • To forecast the market size for various segments with respect to four main regions, namely, North America, Europe, Asia Pacific, and 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-recession with that of the post-recession at the regional level
  • 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 (TIC) business
  • To provide information about the key industry trends and associated 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 opportunities in the market for various stakeholders by identifying high-growth segments of the market
  • To benchmark market players, which analyzes the players based on various parameters within the broad categories of business strategy excellence and strength of product portfolio
  • To study the strategies and game-changing developments, such as agreements, partnerships, collaborations, acquisitions, and service launches, among other developments, in the testing, inspection, and certification market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company‘s specific needs. The following customization options are available for the report.

Country-Wise Information:

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Company Information:

  • Detailed analysis and profiling of additional market players (up to five)
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Report Code
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Published ON
Mar, 2024
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