Testing, Inspection, and Certification (TIC) Market, (By Service Type: Testing, Inspection, and Certification. By Sources: In-house, Outsourced. By Application: Consumer Goods, Retail, Chemicals, Infrastructure, Healthcare, Mining & Others. By Region - North America, Europe, Asia Pacific, and LAMEA) – Global Industry Insights, Analysis, Trends, and Forecast 2022-2032

The global testing, inspection and certification (tic) market was valued at $290.4 billion in 2021 and it is expected to reach $630.3 billion at a CAGR of 7.10% between 2022 and 2032. TIC is a service that provides testing, inspection, certification, verification, and quality assurance. The TIC service helps in improving the quality of products used in industries by end-users from various regions. Furthermore, it helps and maintains compliances with regulatory authorities and standards governing many industries.         

By region, Europe is expected to have largest share in the global testing, inspection and certification market.

The rising demand for testing, inspection, and certification among various enterprises and corporations to engage in safe and efficient testing, inspection, and certification practices helps in the growth of the TIC market. Furthermore, the major factors of industries such as agriculture and food, chemicals, energy and power, government, healthcare sector, oil and gas, automotive, aerospace and defense, and other applications are positively impacting the growth of the market across the globe. Based on service type, the market is segmented into testing, inspection, and certification. The testing segment is expected to have the largest revenue share over the upcoming years due to the rising usage of testing services in manufacturing industries such as automotive, energy and utilities, oil and gas, petroleum, and more. The inspection segment is also anticipated to gain significant offers and growth opportunities to the global market due to the increased supply chain in several countries such as Japan, Germany, Norway, and Switzerland, among others. 

Source: SAI Research

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Based on sources, the TIC market is categorized into in-house and outsourced divisions. The in-house segment holds the maximum revenue share in the last couple of years. This in-house source enables companies to practice practical TIC activities which are needed in various companies. Along with this, the outsourcing segment is also expected to gain a significant market growth due to its commitment for companies to practice cost-effectiveness, which helps the companies deploy ITC using different engagement models such as time and material models, hourly model, dedicated team model that will be enhancing the efficiency of the system. Based on application, the TIC market is segmented into consumer goods, retail, chemicals, healthcare, mining, infrastructure, public sector, agriculture and foods, aerospace and defense, oil, gas and petroleum, and government, among others. The infrastructure segment has dominated the global testing, inspection, and certification market with a significant revenue share in the last couple of years.                                

Based on regions, the market is categorized into North America, Europe, Asia-Pacific, Latin America and Africa, Middle East Countries. Among these regions, Europe is leading the TIC market over the last few years and it is expected to be the largest-growing market during the forecast period due to the presence of automotive industries in countries such as France, Germany, and Italy. Furthermore, the presence of several corporations such as consumer goods, retail, fashion bands, and others in countries such as the U.K impedes the development of the TIC market across the region. However, the Asia-Pacific region also dominates the market with a significant revenue share.                        

According to the study, key players such as Intertek Company (U.K), S.G.S S.A Company (Switzerland), Bureau VERITAS Certification Company (Belgium), UL Companies (U.S), Stiftelsen Det Norske Veritas (Norway), Eurofins Scientific Testing laboratories Company (Luxembourg), DEKRA Certification GmBH (Germany), ALS Company (Australia), TUV Nord Engineering Company (Germany), TUV SUD Company (Germany), TUV Rheinland Company (Germany), LIyod’s Register Foundation Company (U.K), DEKRA SE Company (Germany), MISTRAS GROUP Engineering Services Company (U.S), IRClass Net Company (India), Element Materials Technology (U.K), Apave Construction Engineering Company (France), ASTM International Standards Organization (U.S), BSI India Group Private Limited (India), Kiwa NV Company (Netherlands), TEAM Engineering Services Company (U.S), Lenor Group (Argentina), among others are leading the global testing, inspection and certification market.         

Scope of the Report:

The Global Testing, Inspection and Certification Market Has Been Segmented Into:

The Global Testing, Inspection and Certification Market – by Service Type:  

• Testing
• Inspection
• Certification

The Global Testing, Inspection and Certification Market – by Sources:

• In-house
• Outsourced

The Global Testing, Inspection and Certification Market – by Application:

• Consumer Goods
• Retail
• Chemicals
• Infrastructure
• Healthcare
• Mining
• Public Sector
• Agriculture and Food
• Aerospace and Defense
• Oil, Gas and Petroleum
• Government

The Global Testing, Inspection and Certification Market – by Regions:       

North America 

• U.S.
• Canada
• Mexico

Europe

• Germany
• France
• Italy
• U.K.
• Russia
• Rest of Europe Countries

Asia-Pacific

• India
• China
• Japan
• South Korea
• North Korea
• Rest of Asian Countries

LAMEA

• Brazil
• Saudi Arabia
• Rest of LAMEA