Global Testing, Inspection, And Certification (TIC) Market Size By Sourcing Type (In-house Services, Outsourced Services), By Service Type (testing, inspection, and certification), By Application (Consumer Goods and Retail, Agriculture and Food, Chemicals, Healthcare), By Geographic Scope And Forecast

Testing, Inspection, And Certification (TIC) Market Size And Forecast

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Testing, Inspection, And Certification (TIC) Market size was valued at USD 233.69 Billion in 2021 and is projected to reach USD 389.79 Billion by 2030, growing at a CAGR of 5.5% from 2022 to 2030.

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The increased need for security for addressing the illegal trade in counterfeit and pirated products, advances in network and communication technology, government regulatory standards, and the preference for outsourced TIC services are the main drivers for the global testing, inspection, and certification market. The Global Testing, Inspection, And Certification (TIC) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that play a substantial role in the market.

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Global Testing, Inspection & Certification (TIC) Market Definition

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The testing, inspection, and certification industry consist of conformity assessment bodies that provide services ranging from testing and inspection to testing, verification, quality control, and certification. The industry includes both internal and outsourced services. The TIC (Testing, Inspection, Certification) market is characterized by several trends, including the proliferation of standards and regulations, increasing complexity of procedures, control and assurance technologies, and ongoing vendor consolidation, all driven by the phenomenon of globalization. TIC companies serve a wide range of industries and a variety of standards and legislation. Independent TIC companies, therefore, play a key role in almost all economic sectors.

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The importance of independent TIC companies and the specific functions they fulfill vary greatly across countries and industries. Agriculture, automotive, commodities, computers and electronics, environmental protection, food testing, and the oil and gas industries are included, as well as marine, medical, education, tourism, logistics, consumer products, and other businesses. Safety and quality testing through compliance assessments are among the premier testing and certification services. Supply chain certifications, industrial site inspections, product testing, audits, and management system certifications are provided. It also covers regular car inspections, pre-shipment inspections, shipment-based conformity assessments, and many more services. Third-party TIC is a reduced form of compliance assessment that promotes a higher level of compliance. It promotes better consumer protection through safer products, helps government agencies improve efficiency, and makes better use of scarce market surveillance resources. It also helps manufacturers reduce internal compliance costs and navigate global market regulations more effectively.

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Global Testing, Inspection, and Certification (TIC) Market Overview

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Government agencies in different countries have made certification testing and inspection mandatory to ensure items are safe and high-quality. To meet regulatory standards, consumer products must pass quality and safety tests conducted by an independent laboratory. Increasingly strict TIC laws and regulations that manufacturers worldwide must follow to ensure the safety of people and the environment, many manufacturers are using TIC services. The outsourcing of TIC services to external service providers is a long-standing business practice adopted by many manufacturers of products and components to ensure compliance with national and international quality and safety standards, as well as to reduce recovery and restoration costs and production efficiency. Outsourcing enables companies to allocate more resources to strengthening their core business processes, reducing operational costs, and providing faster and better services. Around 59% of companies use outsourcing to reduce their total costs, which allows for greater efficiency in production and processes, which contributes to an improvement in the company’s net profit. Another reason for the growth of the TIC industry is the strict TIC requirements by the governments for food and consumer goods.

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In addition, the growing sensitivity of various governments to a cleaner environment, rules and regulations, beneficial initiatives, healthcare, and automotive industries, and the rapid adoption of digital technologies are expected to radically transform the testing, inspection, and certification market in the coming years. However, with the globalization of businesses, various local regulations and standards are likely to create barriers to product acceptance on a global scale. It leads to disputes between local and international standards and restricts market growth.

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Global Testing, Inspection, and Certification (TIC) Market: Segmentation Analysis

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The Global Testing, Inspection, And Certification (TIC) Market is segmented based on Sourcing Type, Service Type, Application, and Geography.

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Testing, Inspection, And Certification (TIC) Market, By Sourcing Type

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• In-house Services
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• Outsourced Services

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The global testing, inspection, and certification (TIC) market, based on sourcing type, is segmented into in-house services and outsourced services. In-house services are expected to hold the largest market share during the forecast period. Companies conduct internal testing when they compete with their core business. To carry out internal TIC activities, a company needs to develop internal skills in terms of technology, test and measurement equipment, and appoint qualified personnel.

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Testing, Inspection, And Certification (TIC) Market, By Service Type

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• Testing
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• Inspection
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• Certification
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• Others

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The global testing, inspection, and certification (TIC) market, based on service type, is segmented into testing, inspection, certification, and other service types. Increasing globalization, increase in brand protection policies, different product standards in different areas, increasing product variety, and supportive government policies for improving the quality of various items are driving the market. The certification segment is expected to grow the fastest during the forecast period. The certification segment is driven by factors such as the increasing number of specific standards being introduced by international standardization institutions and various governments, as well as the growing need to increase product value and safety, protect the environment, take social responsibility and improve performance.

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Testing, Inspection, And Certification (TIC) Market, By Application

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• Consumer Goods and Retail
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• Agriculture and Food
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• Chemicals
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• Healthcare
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• Energy and Power
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• Industrial manufacturing

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Based on Application, the global testing, inspection, and certification (TIC) market is segmented into consumer goods and retail, agriculture and food, chemicals, healthcare, energy and power, and industrial manufacturing. The agriculture and food sector is expected to make up the majority of the testing, inspection, and certification market. The growing demand for organic and processed foods and the need to continuously monitor food products, increase production and maintain quality make up a significant portion of this segment. The healthcare segment is expected to grow fastest during the forecast period owing to the increasing number of specific standards being introduced by international standard-setting institutions and various governments, as well as increasing favor from regulators.

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Testing, Inspection, And Certification (TIC) Market, By Geography

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• North America
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• Europe,
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• Asia Pacific
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• Rest of the world

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Based on Geography, the global testing, inspection, and certification (TIC) market is classified into North America, Europe, Asia Pacific, and the rest of the world. North America is expected to have the largest market share in testing, inspection, and certification. The large share of this regional market is mainly attributed to the presence of prominent TIC players and the emergence of various startups in the region, the growing demand for organic and processed foods, and the growing focus of organizations on meeting legal requirements and compliance regulations, early adoption of the latest technologies and government investment in technological advances. On the other hand, the Asia-Pacific region is projected to rise rapidly During the projection period, factors such as increasing demand for consumer electronics, increased consumer quality awareness, and an increasing number of TIC startups supported by government investment are expected to fuel the growth of the APAC market.

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Key Players

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The “Global Testing, Inspection, And Certification (TIC) Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are SGS S.A. (Switzerland), Bureau Veritas S.A. (France), Intertek Group Plc. (U.K.), TÜV Süd AG (Germany), Dekra SE (Germany), Eurofins Scientific SE (Luxembourg), TÜV Rheinland AG Group (U.S.), Element Materials Technology Ltd. (U.K.), Lloyd’s Register Group Limited (U.K.), APPLUS+ (Spain). The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Key Developments

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• In December 2019, SGS established a new textile laboratory in Ethiopia to provide a comprehensive range of testing services for apparel and textile items.

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• In February 2019, Intertek announced that it would broaden its electromagnetic compatibility testing capabilities to include electromagnetic fields. This extension is concerned with human exposure in the workplace and the measurement of such EMF fields to ensure employee safety at work.

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• In September 2019, The launch of Lloyd’s Register Courses in 22000 V5 certification was approved by FSSC. The Global Food Safety Initiative (GFSI) recognized Scheme, FSSC 22000 V5 certification, assists firms in integrating their food safety management system with other management systems.

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• In February 2018, Eurofins Food Safety Systems (EFSS) collaborated with Orion Assessment Services to provide auditing and certification services across Canada. This collaboration is consistent with the company’s strategy of regional cooperation agreements, such as those in New Zealand.

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• June 2021 – TÜV Rheinland launched the Hydrogen Competence Center to provide testing services for safe storage, production, transport, and use of hydrogen energy globally. It was launched globally to operate testing services across Europe.

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Report Scope

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Research Methodology of Market Research

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Reasons to Purchase this Report

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
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• Provision of market value (USD Billion) data for each segment and sub-segment
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• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
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• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
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• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
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• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
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• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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• Includes an in-depth analysis of the market from various perspectives through Porter’s five forces analysis
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• Provides insight into the market through Value Chain
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• Market dynamics scenario, along with growth opportunities of the market in the years to come
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• 6-month post-sales analyst support

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