Global Testing, Inspection, and Certification (TIC) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Management Systems Certification, Third-Party Inspection, ASME and Others.

By Vertical;

Oil & Gas, Chemicals, Life Sciences, Power & Utilities, Food, Beverages & Agriculture, Transportation, Automotive & Aerospace, Consumer Products & Goods, Construction, Metals & Minerals and Industrial Goods.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn113806101 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Testing, Inspection, and Certification (TIC) Market (USD Million), 2021 - 2031

In the year 2024, the Global Testing, Inspection, and Certification (TIC) Market was valued at USD 240,546.83 million. The size of this market is expected to increase to USD 320,829.03 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.2%.

The Global Testing, Inspection, and Certification (TIC) market is a vital component of various industries, ensuring the quality, safety, and compliance of products and services. TIC services are essential in a wide range of sectors, including manufacturing, agriculture, oil and gas, pharmaceuticals, and automotive. These services help companies meet regulatory requirements, enhance product quality, and gain customer trust by providing third-party validation and certification. The TIC market encompasses activities such as testing products for safety and performance, inspecting industrial processes and infrastructure, and certifying that products and systems meet specified standards.

Technological advancements and globalization have significantly influenced the TIC market's growth. With the rise of international trade and complex supply chains, there is a heightened need for consistent quality assurance across borders. Advancements in technology, such as the Internet of Things (IoT) and automation, have introduced new testing and inspection needs, further expanding the market. The increasing focus on sustainability and environmental regulations has also driven demand for TIC services, as companies strive to comply with stricter environmental standards and enhance their sustainability credentials.

The TIC market is highly competitive and fragmented, with numerous global and regional players offering specialized services. Key players in the industry include SGS Group, Bureau Veritas, Intertek, and TÜV SÜD, among others. These companies continuously innovate and expand their service portfolios to address emerging market needs and regulatory changes. Strategic partnerships, mergers, and acquisitions are common as companies seek to enhance their capabilities and market reach. The industry is poised for continued growth, driven by the ongoing need for quality assurance, regulatory compliance, and the increasing complexity of global trade and technological advancements.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Vertical
    3. Market Snapshot, By Region
  4. Global Testing, Inspection, and Certification (TIC) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Regulatory compliance
        2. Quality assurance
        3. Technological advancements
      2. Restraints
        1. Skilled Shortage
        2. Technological Disruption
        3. Trade Barriers
      3. Opportunities
        1. Sustainability Standards
        2. Supply Chain
        3. Digital Transformation
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Testing, Inspection, and Certification (TIC) Market, By Type, 2021 - 2031 (USD Million)
      1. Management Systems Certification
      2. Third-Party Inspection
      3. ASME
      4. Others
    2. Global Testing, Inspection, and Certification (TIC) Market, By Vertical, 2021 - 2031 (USD Million)
      1. Oil and Gas
      2. Chemicals
      3. Life Sciences
      4. Power & Utilities
      5. Food, Beverages, and Agriculture
      6. Transportation
      7. Automotive & Aerospace
      8. Consumer Products and Goods
      9. Construction
      10. Metals and Minerals
      11. Industrial Goods
    3. Global Testing, Inspection, and Certification (TIC) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. ALS Limited
      2. Applus+
      3. Bureau Veritas SA
      4. DEKRA SE
      5. DNV GL
      6. Element Materials Technology
      7. Eurofins Scientific
      8. Intertek Group plc
      9. MISTRAS Group, Inc.
      10. SGS SA
      11. TÜV NORD GROUP
      12. TÜV Rheinland
  7. Analyst Views
  8. Future Outlook of the Market