Testing, Inspection, and Certification (TIC) Market

Table of Contents

1 Introduction (Page No. - 21)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 25)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 34)

4 Premium Insights (Page No. - 39)
    4.1 Lucrative Opportunities in TIC Market
    4.2 TIC Market, By Service Type
    4.3 TIC Market in APAC
    4.4 TIC Market, By Countries

5 Market Overview (Page No. - 42)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Harmonization of Standards
                    5.2.1.2 Growing Consumption of Goods in Emerging Countries
                    5.2.1.3 Increasing Incidents of Product Recalls Globally
                    5.2.1.4 Surge in Global Counterfeiting and Piracy Activities
                    5.2.1.5 Imposition of Rigorous Government Regulations and Standards Across Various Sectors
           5.2.2 Restraints
                    5.2.2.1 Divergent Standards and Regulations Across Geographies
           5.2.3 Opportunities
                    5.2.3.1 Consolidation of Fragmented Markets
                    5.2.3.2 Inclination Toward Outsourcing TIC Services
           5.2.4 Challenges
                    5.2.4.1 Complex Nature of Global Supply Chains
                    5.2.4.2 Long Lead-Time for Overseas Qualification Tests

6 Industry Trends (Page No. - 48)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Core Industry Segments for the Overall TIC Market
           6.3.1.1 TIC Standards and Regulatory Bodies
           6.3.1.2 Companies Offering TIC Services
           6.3.1.3 End-USer Industries
    6.4 Key Industry Trends
    6.5 Pest Analysis
           6.5.1 Political Factors
           6.5.2 Economic Factors
           6.5.3 Social Factors
           6.5.4 Technological Factors

7 TIC Market, By Service Type (Page No. - 52)
    7.1 Introduction
    7.2 Testing
    7.3 Inspection
    7.4 Certification
    7.5 Others

8 TIC Market, By Sourcing Type (Page No. - 64)
    8.1 Introduction
    8.2 In-House
    8.3 Outsourced

9 TIC Market, By Application (Page No. - 71)
    9.1 Introduction
    9.2 Consumer Goods and Retail
           9.2.1 Personal Care and Beauty Products
           9.2.2 Hard Goods
           9.2.3 Softlines and Accessories
           9.2.4 Toys and Juvenile Products
           9.2.5 Electrical & Electronics
           9.2.6 Others
    9.3 Agriculture and Food
           9.3.1 Seed and Crop
           9.3.2 Fertilizers
           9.3.3 Commodities
           9.3.4 Others
    9.4 Chemicals
           9.4.1 Asset Integrity Management Services
           9.4.2 Project Life Cycle Services
           9.4.3 Finished Product Services
           9.4.4 Chemical Feedstocks Services
           9.4.5 Others
    9.5 Construction and Infrastructure
           9.5.1 Project Management
           9.5.2 Material Services
           9.5.3 Construction Machinery & Equipment Services
           9.5.4 Facilities Management & Inspection Services
           9.5.5 Others
    9.6 Energy & Power
           9.6.1 Energy Sources
                    9.6.1.1 Nuclear
                    9.6.1.2 Wind
                    9.6.1.3 Solar
                    9.6.1.4 Alternative Fuels
                    9.6.1.5 Fuel Oils and Gases
                    9.6.1.6 Coal
           9.6.2 Power Generation
           9.6.3 Power Distribution
           9.6.4 Asset Integrity Management Services
           9.6.5 Project Life Cycle Services
           9.6.6 Others
    9.7 Industrial and Manufacturing
           9.7.1 Suppliers Related Services
           9.7.2 Production and Products Related Services
           9.7.3 Projects Related Services
           9.7.4 Others
    9.8 Medical and Life Science
           9.8.1 Medical Devices
           9.8.2 Health, Beauty, & Wellness
           9.8.3 Clinical Services
           9.8.4 Laboratory Services
           9.8.5 Biopharmaceutical and Pharmaceutical Services
           9.8.6 Others
    9.9 Mining
           9.9.1 Inspection & Sampling Service
           9.9.2 Analytical Service
           9.9.3 Exploration Service
           9.9.4 Metallurgy and Process Design
           9.9.5 Production and Plant Services
           9.9.6 Site Operations & Closure
           9.9.7 Project Risk Assessment & Mitigation
    9.10 Oil & Gas, and Petroleum
           9.10.1 Upstream
           9.10.2 Downstream
           9.10.3 Biofuels & Feedstock
           9.10.4 Petrochemicals
           9.10.5 Asset Integrity Management Services
           9.10.6 Project Life Cycle Services
           9.10.7 Others
    9.11 Public Sector
           9.11.1 Product Conformity Assessment
           9.11.2 Monitoring Services
           9.11.3 Valuation Services
           9.11.4 Others
    9.12 Transportation
           9.12.1 Automotive
                    9.12.1.1 Electrical Systems and Components
                    9.12.1.2 Electric Vehicles, Hybrid Electric Vehicles, and Battery Systems
                    9.12.1.3 Telematics
                    9.12.1.4 Fuels, Fluids, and Lubricants
                    9.12.1.5 Interior and Exterior Materials and Components
                    9.12.1.6 Vehicle Inspection Services (VIS)
                    9.12.1.7 Homologation Testing
                    9.12.1.8 Others
           9.12.2 Aerospace and Defense
                    9.12.2.1 Services for Airports
                    9.12.2.2 Services for Aviation
                    9.12.2.3 Services for Aerospace
           9.12.3 Marine
                    9.12.3.1 Marine Fuel Systems & Component Services
                    9.12.3.2 Ship Classification Services
                    9.12.3.3 Marine Materials & Equipment Services
                    9.12.3.4 Others
           9.12.4 Rail
                    9.12.4.1 Rail Testing Services
                    9.12.4.2 Rail Inspection Services
                    9.12.4.3 Rail Certification Services
                    9.12.4.4 Others
    9.13 Supply Chain and Logistics
           9.13.1 Packaging & Handling
           9.13.2 Risk Management
           9.13.3 Others

10 Geographic Analysis (Page No. - 124)
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Rest of North America
                        10.2.2.1 Canada
                        10.2.2.2 Mexico
     10.3 Europe
             10.3.1 UK
             10.3.2 Germany
             10.3.3 France
             10.3.4 Italy
             10.3.5 Spain
             10.3.6 Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 South Korea
             10.4.5 Australia
             10.4.6 Rest of APAC
     10.5 Rest of the World
             10.5.1 South America
             10.5.2 Middle East & Africa

11 Competitive Landscape (Page No. - 145)
     11.1 Overview
     11.2 Key Players in TIC Market
     11.3 Competitive Situations and Trends
             11.3.1 Service Launch and Product Development
             11.3.2 Partnership and Collaboration
             11.3.3 Merger and Acquisition
             11.3.4 Service Expansion

12 Company Profiles (Page No. - 152)
(Overview, Services Offered, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments, Key Relationships)*
     12.1 SGS
     12.2 Bureau Veritas
     12.3 Intertek
     12.4 Dekra
     12.5 Eurofins Scientific
     12.6 TUV SUD
     12.7 DNV GL
     12.8 TUV Rheinland
     12.9 Applus
     12.10 ALS
     12.11 TUV Nord
     12.12 Lloyd’s Register
     12.13 Mistras
     12.14 Element Materials Technology
     12.15 UL
     12.16 Key Innovators
             12.16.1 Avomeen Analytical Services
             12.16.2 Medistri
             12.16.3 Envigo

*Details on Overview, Services Offered, Strength of Service Portfolio, Business Strategy Excellence, Recent Developments, Key Relationships Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 224)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details

List of Tables (78 Tables)

Table 1 Mergers and Acquisitions – Leading Trend Among Key Market Players
Table 2 TIC Market, By Service Type, 2015–2023 (USD Billion)
Table 3 TIC Market for Testing Services, By Application, 2015–2023 (USD Billion)
Table 4 TIC Market for Testing Services, By Transportation, 2015–2023 (USD Billion)
Table 5 TIC Market for Inspection Services, By Application, 2015–2023 (USD Billion)
Table 6 TIC Market for Inspection Services, By Transportation, 2015-2023 (USD Billion)
Table 7 TIC Market for Certification Services, By Application, 2015–2023 (USD Billion)
Table 8 TIC Market for Certification Services, By Transportation, 2015–2023 (USD Billion)
Table 9 TIC Market for Other Services, By Application, 2015–2023 (USD Billion)
Table 10 TIC Market for Other Services, By Transportation, 2015–2023 (USD Billion)
Table 11 TIC Market, By Sourcing Type, 2015–2023 (USD Billion)
Table 12 TIC Market for In-House Sourcing Type, By Application, 2015–2023 (USD Billion)
Table 13 TIC Market for In-House Sourcing Type, By Transportation, 2015–2023 (USD Billion)
Table 14 TIC Market for Outsourced Sourcing Type, By Application, 2015–2023 (USD Billion
Table 15 TIC Market for Outsourced Sourcing Type, By Transportation, 2015–2023 (USD Billion)
Table 16 TIC Market, By Application, 20152023 (USD Billion)
Table 17 TIC Market for Consumer Goods and Retail, By Application, 2015–2023 (USD Billion)
Table 18 TIC Market for Consumer Goods and Retail, By Service Type, 2015–2023 (USD Billion)
Table 19 TIC Market for Consumer Goods and Retail, By Sourcing Type, 2015–2023 (USD Billion)
Table 20 TIC Market for Agriculture & Food, By Application, 2015–2023 (USD Billion)
Table 21 TIC Market for Agriculture & Food, By Service Type, 2015-2023 (USD Billion)
Table 22 TIC Market for Agriculture & Food, By Sourcing Type, 2015–2023 (USD Billion)
Table 23 TIC Market for Chemicals, By Application, 2015–2023 (USD Billion)
Table 24 TIC Market for Chemicals, By Service Type, 2015–2023 (USD Billion)
Table 25 TIC Market for Chemicals, By Sourcing Type, 2015–2023 (USD Billion)
Table 26 TIC Market for Construction & Infrastructure, By Application, 2015–2023 (USD Billion)
Table 27 TIC Market for Construction & Infrastructure, By Service Type, 2015–2023 (USD Billion)
Table 28 TIC Market for Construction & Infrastructure, By Sourcing Type, 2015–2023 (USD Billion)
Table 29 TIC Market for Energy & Power, By Application, 2015–2023 (USD Billion)
Table 30 TIC Market for Energy & Power, By Service Type, 2015–2023 (USD Billion)
Table 31 TIC Market for Energy & Power, By Sourcing Type, 2015–2023 (USD Billion)
Table 32 TIC Market for Industrial & Manufacturing, By Application, 2015–2023 (USD Billion)
Table 33 TIC Market for Industrial & Manufacturing, By Service Type, 2015–2023 (USD Billion)
Table 34 TIC Market for Industrial & Manufacturing, By Sourcing Type, 2015–2023 (USD Billion)
Table 35 TIC Market, By Medical & Life Sciences, By Application, 2015–2023 (USD Billion)
Table 36 TIC Market for Medical & Life Sciences, By Service Type, 2015–2023 (USD Billion)
Table 37 TIC Market for Medical & Life Sciences, By Sourcing Type, 2015–2023 (USD Billion)
Table 38 TIC Market for Mining, By Application, 2015–2023 (USD Million)
Table 39 TIC Market for Mining, By Service Type, 2015–2023 (USD Million)
Table 40 TIC Market for Mining, By Sourcing Type, 2015–2023 (USD Billion)
Table 41 TIC Market for Oil & Gas and Petroleum, By Application, 2015–2023 (USD Billion)
Table 42 TIC Market for Oil & Gas and Petroleum, By Service Type, 2015–2023 (USD Billion)
Table 43 TIC Market for Oil & Gas and Petroleum, By Sourcing Type, 2015–2023 (USD Billion)
Table 44 TIC Market for Public Sector, By Application, 2015–2023 (USD Billion)
Table 45 TIC Market for Public Sector, By Service Type, 2015–2023 (USD Billion)
Table 46 TIC Market for Public Sector, By Sourcing Type, 2015–2023 (USD Billion)
Table 47 TIC Market for Transportation, By Application, 2015–2023 (USD Billion)
Table 48 TIC Market for Transportation, By Service Type, 2015–2023 (USD Billion)
Table 49 TIC Market for Transportation, By Sourcing Type, 2015–2023 (USD Billion)
Table 50 TIC Market for Automotive, By Application, 2015-2023 (USD Billion)
Table 51 TIC Market for Automotive, By Service Type, 2015–2023 (USD Billion)
Table 52 TIC Market for Aerospace, By Application, 2015–2023 (USD Billion)
Table 53 TIC Market for Aerospace, By Service Type, 2015–2023 (USD Billion)
Table 54 TIC Market for Marine, By Application, 2015–2023 (USD Billion)
Table 55 TIC Market for Marine, By Service Type, 2015–2023 (USD Billion)
Table 56 TIC Market for Rail, By Application, 2015–2023 (USD Million)
Table 57 TIC Market for Rail, By Service Type, 2015–2023 (USD Million)
Table 58 TIC Market for Supply Chain and Logistics, By Application, 2015–2023 (USD Billion)
Table 59 TIC Market for Supply Chain and Logistics, By Service Type, 2015–2023 (USD Billion)
Table 60 TIC Market for Supply Chain and Logistics Application, By Sourcing Type, 2015–2023 (USD Billion)
Table 61 TIC Market, By Region, 2015–2023 (USD Billion)
Table 62 TIC Market in North America, By Country, 2015–2023 (USD Billion)
Table 63 TIC Market in North America, By Application, 2015–2023 (USD Billion)
Table 64 TIC Market in North America, By Transportation, 2015–2023 (USD Billion)
Table 65 TIC Market in Europe, By Country/Region, 2015-2023 (USD Billion)
Table 66 TIC Market in Europe, By Application, 2015-2023 (USD Billion)
Table 67 TIC Market in Europe, By Transportation, 2015-2023 (USD Billion)
Table 68 TIC Market in APAC, By Country/Region, 2015-2023 (USD Billion)
Table 69 TIC Market in APAC, By Application, 2015-2023 (USD Billion)
Table 70 TIC Market in APAC, By Transportation, 2015-2023 (USD Billion)
Table 71 TIC Market in RoW, By Region, 2015-2023 (USD Billion)
Table 72 TIC Market in RoW, By Application, 2015-2023 (USD Billion)
Table 73 TIC Market in RoW, By Transportation, 2015-2023 (USD Billion)
Table 74 Top 5 Players in TIC Market, 2016
Table 75 Service Launch and Product Development (2015–2017)
Table 76 Partnership and Collaboration (2015–2017)
Table 77 Mergers and Acquisitions (2017)
Table 78 Service Expansion (2016–2017)

List of Figures (55 Figures)

Figure 1 TIC Market Segmentation
Figure 2 Process Flow of Market Size Estimation
Figure 3 Research Design
Figure 4 Data Triangulation Methodology
Figure 5 TIC Market, By Application, Snapshot, 2017–2023 (USD Billion)
Figure 6 Testing Services Likely to Hold Largest Share in the Overall Market Between 2017 and 2022
Figure 7 Outsourced TIC Market Likely to Grow at Highest CAGR During Forecast Period
Figure 8 Automotive to Exhibit Highest Growth in TIC Market During Forecast Period for Transportation Application
Figure 9 APAC LED TIC Market in 2016
Figure 10 Increasing Demand for TIC Services is Expected to Drive Growth of Market During Forecast Period
Figure 11 Testing Services to Hold Major Market Size in TIC Market During Forecast Period
Figure 12 Transportation Application Held Largest Share of TIC Market in 2016
Figure 13 Emerging Markets, Such as China and India, are Some of the Growing Countries Between 2017 and 2023
Figure 14 TIC Market Dynamics
Figure 15 Value Chain Analysis of the TIC Market
Figure 16 Certification Services to Grow at Highest CAGR During Forecast Period
Figure 17 Transportation Application to Hold Largest Share of TIC Market for Testing Services Between 2017 and 2023
Figure 18 Automotive Application Expected to Grow at Highest CAGR in TIC Market for Inspection Services During Forecast Period
Figure 19 Medical & Life Sciences Application Expected to Grow at the Highest CAGR for Certification Services During Forecast Period
Figure 20 Outsourced TIC Market Expected to Grow at Highest CAGR During Forecast Period
Figure 21 Agriculture and Food Application Expected to Have Highest CAGR in In-House TIC Market During Forecast Period
Figure 22 Automotive Application to Hold Largest Share of Outsourced TIC Market in 2017
Figure 23 TIC Market, By Application, 2015–2023 (USD Billion)
Figure 24 Softlines and Accessories to Grow at Highest CAGR in TIC Market During Forecast Period
Figure 25 Asset Integrity Management Services to Hold Largest Share of TIC Market for Chemicals Application in 2017
Figure 26 In-House to Hold Largest Share of TIC Market for Construction and Infrastructure Application in 2017
Figure 27 Production and Products Related Services to Grow at Highest CAGR in TIC Market for Industrial & Manufacturing Application During Forecast Period
Figure 28 Outsourced TIC Market to Grow at Highest CAGR for Medical and Life Sciences Application During Forecast Period
Figure 29 Upstream Services to Hold Largest Share of TIC Market for Oil & Gas and Petroleum Application in 2017
Figure 30 In-House to Hold Largest Share of TIC Market for Public Sector Application in 2017
Figure 31 Electrical Systems and Components to Grow at Highest CAGR in TIC Market for Automotive Application During Forecast Period
Figure 32 Outsourced to Grow at Highest CAGR in TIC Market for Supply Chain and Logistics Application During Forecast Period
Figure 33 Geographic Snapshot: Rapidly Growing Countries, Such as India and China, are Emerging as Potential New Markets
Figure 34 TIC Market in APAC Likely to Witness the Highest CAGR During the Forecast Period
Figure 35 Snapshot of TIC Market in North America
Figure 36 Automotive Application Likely to Hold Largest Share of TIC Market in North America in 2017
Figure 37 Germany Likely to Grow at Highest CAGR in TIC Market in Europe During Forecast Period
Figure 38 Snapshot of TIC Market in Asia Pacific
Figure 39 China to Hold Largest Share of TIC Market in APAC in 2017
Figure 40 South America to Grow at Highest CAGR in TIC Market in RoW During Forecast Period
Figure 41 Companies Adopted Acquisitions as the Key Growth Strategy Between 2013 and 2017
Figure 42 Market Evolution Framework—Acquisition as the Major Strategy Adopted By Key Players
Figure 43 Battle for Market Share: Acquisitions and Service Expansions Were the Key Strategy Adopted During 2014–2017
Figure 44 SGS: Company Snapshot
Figure 45 Bureau Veritas: Company Snapshot
Figure 46 Intertek: Company Snapshot
Figure 47 Dekra: Company Snapshot
Figure 48 Eurofins Scientific: Company Snapshot
Figure 49 TUV SUD: Company Snapshot
Figure 50 DNV GL: Company Snapshot
Figure 51 TUV Rheinland: Company Snapshot
Figure 52 Applus: Company Snapshot
Figure 53 ALS: Company Snapshot
Figure 54 TUV Nord: Company Snapshot
Figure 55 Mistras: Company Snapshot