Testing, Inspection, and Certification Market
Testing, Inspection, and Certification Market Size, Share & Trends Analysis Report by Sourcing Type (In-House Sourcing, and Outsourced), and by Application (Consumer Goods & Retail, Agriculture & Food, Chemicals, Oil & Gas, Manufacturing, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Testing, inspection, and certification market is anticipated to grow at a significant CAGR of 6.9% during the forecast period. The growing sensitivity of various governments toward a cleaner environment, favorable initiatives, rules, and regulations across the sectors such as healthcare and automotive is the major factor accelerating the growth of the market. For instance, in December 2021, the Ministry of Environment, Forest, and Climate Change achieved sustainable development goals (SDG) 12, 13, and 15 goals. Additionally, the portal named PARIVESH launched back in 2018 has also been simplified to grant Environmental Clearances within 70 working days. Furthermore, the increase in the adoption of digital technologies to radically transform testing, inspection, and certification services is another factor anticipated to contribute to the development of the testing, inspection, and certification market during the forecast period.
Impact of COVID-19 Pandemic on Global Testing, Inspection, And Certification Market
The COVID-19 pandemic positively impacted the global testing, inspection, and certification market due to the growing use of innovative technology in healthcare, manufacturing, energy, utilities, and other industries that have enabled remote auditing, testing, and inspection. As a result of the pandemic, market participants were implementing a digital platform to deliver customers with remote TIC services. For instance, in July 2020, in response to the COVID-19 pandemic, National Technical Systems, Inc. established a remote test witnessing system and a remote testing system. The strategy aims to support consumers on track during travel and restrict in-person encounters.
Segmental Outlook
The global testing, inspection, and certification market are segmented based on the sourcing type and application. Based on the sourcing type, the market is segmented into in-house sourcing and outsourced. Based on the application, the market is sub-segmented into consumer goods & retails, agriculture & food, chemicals, oil & gas, manufacturing, and others. The above-mentioned segments can be customized as per the requirements. Among these, the outsourced segments is expected to cater to a significant share in the market as it assists government agencies to increase efficiencies and manage market surveillance resources and also ensure higher consumer satisfaction with safer products.
Global Testing, Inspection, and Certification Market Share by Application, 2021 (%)
The Consumer Goods & Retail Segment is Expected to Hold the Prominent Share in the Global Testing, Inspection, and Certification Market
The consumer goods & retail segment is expected to hold a prominent share in the global testing, inspection, and certification market during the forecast period due to the growing popularity of e-commerce websites for buying retail products. Furthermore, the testing, certification, and inspection industry is also growing, due to growing customer awareness of standard and certified items through online e-commerce portals. According to United Nations Conference on Trade and Development (UNCTAD) report, in May 2021, the e-commerce sector bounced to $26.7 trillion, with retail and consumer goods share growing from 16% to 19% in 2020.
Regional Outlooks
The global testing, inspection, and certification market are further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The Asia-Pacific region is expected to be the fastest-growing during the forecast period due to increased end-user investment in manufacturing, electronics, and automotive businesses in developing countries such as China, Japan, India, and others.
Global Testing, Inspection, And Certification Market Growth, by Region 2022-2028
The European Region is Expected to Hold the Prominent Share in the Global Testing, Inspection, And Certification Market
The Europen region is expected to hold a prominent share in the global testing, inspection, and certification market during the forecast period due to the presence of several leading players such as Bureau Veritas (BV), SGS SA, DEKRA Certification B.V., TUV SUD AG, Intertek Group PLC, and others. These players are investing a considerable amount in enhancing their services in this region. For instance, in June 2021, TÜV Rheinland established the Hydrogen Competence Center to deliver testing services for safe storage, production, transport, and usage of hydrogen energy globally. The center was established internationally to perform testing services across Europe.
Market Players Outlook
The major companies serving the global testing, inspection, and certification market include DNV Group AS, UL LLC, Bureau Veritas, SGS SA, Intertek Group plc, ALS Ltd., Applus+ Servicios Tecnológicos, S.L, Element Materials Technology Group Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in November 2021, SGS improved its portfolio of sustainability solutions by acquiring a majority stake in Sulphur Experts Inc., headquartered in Calgary, Alberta, Canada. Sulphur Experts is a favorably recognized company that not only delivers process engineering, consulting, specialized testing, and training services but also supports companies involved in amine gas treating and sulfur recovery activities to optimize their performance and reduce the impact of their activities on the environment.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global testing, inspection, and certification market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Testing, Inspection, and Certification Market
• Recovery Scenario of Global Testing, Inspection, and Certification Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Bureau Veritas
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. DNV Group AS
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. SGS SA
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. UL LLC
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Testing, Inspection, And Certification Market by Sourcing Type
4.1.1. In-House Sourcing
4.1.2. Outsourced
4.2. Global Testing, Inspection, And Certification Market by Application
4.2.1. Consumer Goods & Retails
4.2.2. Agriculture & Food
4.2.3. Chemicals
4.2.4. Oil & Gas
4.2.5. Manufacturing
4.2.6. Others (IT & Telecommunication, and Automotive)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. ALS Ltd.
6.2. Applus+ Servicios Tecnológicos, S.L
6.3. Element Materials Technology Group Ltd.
6.4. Eurofins Scientific
6.5. Hohenstein Laboratories GmbH & Co. KG
6.6. Intertek Group plc
6.7. IRClass Systems and Solutions Pvt. Ltd.
6.8. Kiwa
6.9. Lloyd's Register Group Services Ltd.
6.10. MISTRAS Group
6.11. SAI Global Pty Ltd.
6.12. The British Standards Institution
6.13. TÜV NORD GROUP
6.14. TÜV Rheinland
6.15. TÜV SÜD AG
1. GLOBAL TESTING, INSPECTION, AND CERTIFICATION MARKET RESEARCH AND ANALYSIS BY SOURCING TYPE, 2021-2028 ($ MILLION)
2. GLOBAL IN-HOUSE SOURCING FOR TESTING, INSPECTION, AND CERTIFICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL OUTSOURCING FOR TESTING, INSPECTION, AND CERTIFICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL TESTING, INSPECTION, AND CERTIFICATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
5. GLOBAL TESTING, INSPECTION, AND CERTIFICATION IN CONSUMER GOODS & RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL AGRICULTURE & FOODS IN TESTING, INSPECTION, AND CERTIFICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL CHEMICALS IN TESTING, INSPECTION, AND CERTIFICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL OIL & GAS IN TESTING, INSPECTION, AND CERTIFICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL MANUFACTURING IN TESTING, INSPECTION, AND CERTIFICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL OTHERS IN TESTING, INSPECTION, AND CERTIFICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL TESTING, INSPECTION, AND CERTIFICATION MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
12. NORTH AMERICAN TESTING, INSPECTION, AND CERTIFICATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
13. NORTH AMERICAN TESTING, INSPECTION, AND CERTIFICATION MARKET RESEARCH AND ANALYSIS BY SOURCING TYPE, 2021-2028 ($ MILLION)
14. NORTH AMERICAN TESTING, INSPECTION, AND CERTIFICATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
15. EUROPEAN TESTING, INSPECTION, AND CERTIFICATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. EUROPEAN TESTING, INSPECTION, AND CERTIFICATION MARKET RESEARCH AND ANALYSIS BY SOURCING TYPE, 2021-2028 ($ MILLION)
17. EUROPEAN TESTING, INSPECTION, AND CERTIFICATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
18. ASIA-PACIFIC TESTING, INSPECTION, AND CERTIFICATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. ASIA-PACIFIC TESTING, INSPECTION, AND CERTIFICATION MARKET RESEARCH AND ANALYSIS BY SOURCING TYPE, 2021-2028 ($ MILLION)
20. ASIA-PACIFIC TESTING, INSPECTION, AND CERTIFICATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
21. REST OF THE WORLD TESTING, INSPECTION, AND CERTIFICATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. REST OF THE WORLD TESTING, INSPECTION, AND CERTIFICATION MARKET RESEARCH AND ANALYSIS BY SOURCING TYPE, 2021-2028 ($ MILLION)
23. REST OF THE WORLD TESTING, INSPECTION, AND CERTIFICATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL TESTING, INSPECTION, AND CERTIFICATION MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL TESTING, INSPECTION, AND CERTIFICATION MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL TESTING, INSPECTION, AND CERTIFICATION MARKET, 2022-2028 (%)
4. GLOBAL TESTING, INSPECTION, AND CERTIFICATION MARKET SHARE BY SOURCING TYPE, 2021 VS 2028 (%)
5. GLOBAL IN-HOUSE SOURCING FOR TESTING, INSPECTION, AND CERTIFICATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL OUTSOURCED FOR TESTING, INSPECTION, AND CERTIFICATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL TESTING, INSPECTION, AND CERTIFICATION MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
8. GLOBAL TESTING, INSPECTION, AND CERTIFICATION IN CONSUMER GODS & RETAIL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL TESTING, INSPECTION, AND CERTIFICATION IN AGRICULTURE & FOOD MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL TESTING, INSPECTION, AND CERTIFICATION IN CHEMICALS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL TESTING, INSPECTION, AND CERTIFICATION IN OIL & GAS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL TESTING, INSPECTION, AND CERTIFICATION IN MANUFACTURING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL TESTING, INSPECTION, AND CERTIFICATION IN OTHER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL TESTING, INSPECTION, AND CERTIFICATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. US TESTING, INSPECTION, AND CERTIFICATION MARKET SIZE, 2021-2028 ($ MILLION)
16. CANADA TESTING, INSPECTION, AND CERTIFICATION MARKET SIZE, 2021-2028 ($ MILLION)
17. UK TESTING, INSPECTION, AND CERTIFICATION MARKET SIZE, 2021-2028 ($ MILLION)
18. FRANCE TESTING, INSPECTION, AND CERTIFICATION MARKET SIZE, 2021-2028 ($ MILLION)
19. GERMANY TESTING, INSPECTION, AND CERTIFICATION MARKET SIZE, 2021-2028 ($ MILLION)
20. ITALY TESTING, INSPECTION, AND CERTIFICATION MARKET SIZE, 2021-2028 ($ MILLION)
21. SPAIN TESTING, INSPECTION, AND CERTIFICATION MARKET SIZE, 2021-2028 ($ MILLION)
22. REST OF EUROPE TESTING, INSPECTION, AND CERTIFICATION MARKET SIZE, 2021-2028 ($ MILLION)
23. INDIA TESTING, INSPECTION, AND CERTIFICATION MARKET SIZE, 2021-2028 ($ MILLION)
24. CHINA TESTING, INSPECTION, AND CERTIFICATION MARKET SIZE, 2021-2028 ($ MILLION)
25. JAPAN TESTING, INSPECTION, AND CERTIFICATION MARKET SIZE, 2021-2028 ($ MILLION)
26. SOUTH KOREA TESTING, INSPECTION, AND CERTIFICATION MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF ASIA-PACIFIC TESTING, INSPECTION, AND CERTIFICATION MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD TESTING, INSPECTION, AND CERTIFICATION MARKET SIZE, 2021-2028 ($ MILLION)
