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Global Testing, Inspection and Certification (TIC) Market - Analysis By Service Type, Source Type, Application, By Region, By Country (2020 Edition): Market Insight, Competition and Forecast (2020-2025)

February 2020 | 186 pages | ID: G685C1D53066EN
Azoth Analytics

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EXECUTIVE SUMMARY

The Global Testing, Inspection & Certification Market, valued at USD 265.85 billion in the year 2019 has been witnessing unprecedented growth in the last few years on the back of mergers and acquisitions that drives solid development for players and supports mid-level TIC organizations. Also, the positive outlook of Testing, Inspection & Certification industry can be credited to variables, such as strong GDP development in the BRIC nations, an expanding drive to uphold guidelines by governments, global exchange items and administrations and move towards industry standardization because of better, progressively dependable and more secure products with expanding end-client awareness connecting a safe business with a productive business.

Among the Service segment in the Testing, Inspection & Certification market (Testing, Inspection, Certification), Testing Service has been gaining popularity among various end-user segments and is expected to keep major market share in the forecast period owing to rising globalization, which has additionally encouraged the development in worldwide sourcing. These worldwide global sourcing practices have expanded the interest for testing services because of the presence of various item benchmarks across various areas.

Based on Source Type segment, In-house segment dominates the market share in year 2019 and is also expected to show dominance during the forecast period because In-house testing administrations give organizations unlimited authority over the whole procedure.

Based on Application segment, Consumer Goods & Retail holds the major share in the TIC market followed by Food & Agriculture, Oil & Gas and Petroleum segment. This growth in application is driven by the expanding requirement for TIC benefits in personal care and beauty products, hard products, softlines and accessories, toys and adolescent items, and electrical and hardware, among others.

The European region has the largest market in year 2019 while it is estimated that Asia Pacific will show the fastest growth during the forecast period with China being the leading country in the region followed by India. Factors backing the growth of the region are growing consumer awareness coupled with increasing government norms for the safety and quality of the products that are being consumed.

SCOPE OF THE REPORT
  • The report analyses the Testing, Inspection & Certification market by Value.
  • The report analyses the Testing, Inspection & Certification Market by Service Type (Testing, Inspection, Certification).
  • The report assesses the Testing, Inspection & Certification market by Source Type (In-house, Outsourced).
  • The report assesses the Testing, Inspection & Certification market by Application (Consumer Goods & Retail, Food & Agriculture, Oil & Gas and Petroleum, Construction & Infrastructure, Industrial & Manufacturing, Transportation, Automotive, Energy & Power, Others).
  • The Global Testing, Inspection & Certification Market has been analysed by Region (Americas, Europe, Asia Pacific) and by Country (United States, France, Germany, China, India)
  • Also, the attractiveness of the market has been presented by region, Service Type, Source Type, Application. Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
  • The report tracks competitive developments, strategies, key developments in the market and new product development, Mergers & Acquisitions. The companies analysed in the report include SGS S.A, Intertek, Eurofins Scientific, DNV GL, ALS Limited, TUV SUD, Bureau Veritas.
  • The report presents the analysis of Testing, Inspection & Certification market for the historical period of 2015-2019 and the forecast period of 2020-2025.
Key Target Audience
  • Testing, Inspection & Certification Vendors
  • Consulting and Advisory Firms
  • Government and Policy Makers
  • Investment Banks and Equity Firms
  • Regulatory Authorities
1. REPORT SCOPE AND METHODOLOGY

1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary

2. STRATEGIC RECOMMENDATIONS

2.1 Ongoing Collaborations including joint ventures, mergers and acquisitions to expand the business.
2.2 Expand market coverage through key growth initiatives to gain market share and dodge the competition.

3. GLOBAL TESTING, INSPECTION & CERTIFICATION MARKET: SIZING AND FORECAST

3.1 Market Size, By Value, Year 2015-2025

4. GLOBAL TESTING, INSPECTION & CERTIFICATION MARKET SEGMENTATION BY SERVICE TYPE

4.1 Competitive Scenario of Global Testing, Inspection & Certification: By Service Type
4.2 Testing – Market Size and Forecast (2020-2025)
4.3 Inspection - Market Size and Forecast (2020-2025)
4.4 Certification – Market Size and Forecast (2020-2025)

5. GLOBAL TESTING, INSPECTION & CERTIFICATION MARKET SEGMENTATION BY SOURCE TYPE

5.1 Competitive Scenario of Global Testing, Inspection & Certification: By Source Type
5.2 In-house– Market Size and Forecast (2020-2025)
5.3 Outsourced Market Size and Forecast (2020-2025)

6. GLOBAL TESTING, INSPECTION & CERTIFICATION MARKET SEGMENTATION BY APPLICATION

6.1 Competitive Scenario of Global Testing, Inspection & Certification: By Application
6.2 Consumer Goods & Retail – Market Size and Forecast (2020-2025)
6.3 Food & Agriculture - Market Size and Forecast (2020-2025)
6.4 Oil & Gas and Petroleum – Market Size and Forecast (2020-2025)
6.5 Construction & Infrastructure – Market Size and Forecast (2020-2025)
6.6 Industrial & Manufacturing – Market Size and Forecast (2020-2025)
6.7 Transportation - Market Size and Forecast (2020-2025)
6.8 Automotive - Market Size and Forecast (2020-2025)
6.9 Energy & Power - Market Size and Forecast (2020-2025)
6.10 Others - Market Size and Forecast (2020-2025)

7. GLOBAL TESTING, INSPECTION & CERTIFICATION (TIC) MARKET: REGIONAL ANALYSIS

7.1 Competitive Scenario of Global Testing, Inspection & Certification (TIC): By Region

8. AMERICAS TESTING, INSPECTION & CERTIFICATION MARKET: SEGMENTATION BY SERVICE TYPE, SOURCE TYPE, APPLICATION (2020-2025)

8.1 Americas Testing, Inspection & Certification Market: Size and Forecast (2020-2025)
8.2 Americas Testing, Inspection & Certification Market – Prominent Companies
8.3 Market Segmentation By Service Type (Testing, Inspection, Certification)
8.4 Market Segmentation By Source Type (In-house, Outsourced)
8.5 Market Segmentation By Application (Consumer Goods & Retail, Food & Agriculture, Oil & Gas and Petroleum, Construction & Infrastructure, Industrial & Manufacturing, Transportation, Automotive, Energy & Power, Others)
8.6 Americas Testing, Inspection & Certification Market: Country Analysis
8.7 Market Opportunity Chart of Americas Testing, Inspection & Certification Market - By Country, By Value (Year-2025)
8.8 Competitive Scenario of Americas Testing, Inspection & Certification: By Country
8.9 United States Testing, Inspection & Certification Market: Size and Forecast (2020-2025)
8.10 Few Major Players in United States Testing, Inspection & Certification (TIC) Market
8.11 United States Testing, Inspection & Certification Market Segmentation By Service Type, Source Type, Application

9. EUROPE TESTING, INSPECTION & CERTIFICATION MARKET: SEGMENTATION BY SERVICE TYPE, SOURCE TYPE, APPLICATION (2020-2025)

9.1 Europe Testing, Inspection & Certification Market: Size and Forecast (2020-2025)
9.2 Europe Testing, Inspection & Certification Market – Prominent Companies
9.3 Market Segmentation By Service Type (Testing, Inspection, Certification)
9.4 Market Segmentation By Source Type (In-house, Outsourced)
9.5 Market Segmentation By Application (Consumer Goods & Retail, Food & Agriculture, Oil & Gas and Petroleum, Construction & Infrastructure, Industrial & Manufacturing, Transportation, Automotive, Energy & Power, Others)
9.6 Europe Testing, Inspection & Certification Market: Country Analysis
9.7 Market Opportunity Chart of Europe Testing, Inspection & Certification Market - By Country, By Value (Year-2025)
9.8 Competitive Scenario of Europe Testing, Inspection & Certification: By Country
9.9 France Testing, Inspection & Certification Market: Size and Forecast (2020-2025)
9.10 France Testing, Inspection & Certification Market Segmentation By Service Type, Source Type, Application
9.11 Germany Testing, Inspection & Certification Market: Size and Forecast (2020-2025)
9.12 Germany Testing, Inspection & Certification Market Segmentation By Service Type, Source Type, Application

10. ASIA PACIFIC TESTING, INSPECTION & CERTIFICATION MARKET: SEGMENTATION BY SERVICE TYPE, SOURCE TYPE, APPLICATION (2020-2025)

10.1 Asia Pacific Testing, Inspection & Certification Market: Size and Forecast (2020-2025)
10.2 Market Segmentation By Service Type (Testing, Inspection, Certification)
10.3 Market Segmentation By Source Type (In-house, Outsourced)
10.4 Market Segmentation By Application (Consumer Goods & Retail, Food & Agriculture, Oil & Gas and Petroleum, Construction & Infrastructure, Industrial & Manufacturing, Transportation, Automotive, Energy & Power, Others)
10.5 Asia Pacific Testing, Inspection & Certification Market: Country Analysis
10.6 Market Opportunity Chart of Asia Pacific Testing, Inspection & Certification Market - By Country, By Value (Year-2025)
10.7 Competitive Scenario of Asia Pacific Testing, Inspection & Certification: By Country
10.8 China Testing, Inspection & Certification Market: Size and Forecast (2020-2025)
10.9 Major Players in China Testing, Inspection & Certification (TIC) Market
10.10 China Testing, Inspection & Certification Market Segmentation By Service Type, Source Type, Application
10.11 India Testing, Inspection & Certification Market: Size and Forecast (2020-2025)
10.12 India Testing, Inspection & Certification Market Segmentation By Service Type, Source Type, Application

11. GLOBAL TESTING, INSPECTION & CERTIFICATION MARKET DYNAMICS

11.1 Global Testing, Inspection & Certification Market Drivers
11.2 Global Testing, Inspection & Certification Market Restraints
11.3 Global Testing, Inspection & Certification Market Trends

12. MARKET ATTRACTIVENESS

12.1 Market Attractiveness
  12.1.1 Market Attractiveness Chart of Global Testing, Inspection & Certification Market - By Service Type (Year 2025)
  12.1.2 Market Attractiveness Chart of Global Testing, Inspection & Certification Market - By Source Type (Year 2025)
  12.1.5 Market Attractiveness Chart of Global Testing, Inspection & Certification Market - By Region, By Volume, (Year-2025)
12.2 Strategic Analysis
  12.2.1 New Product Development
  12.2.2 Recent Developments in TIC Market
  12.2.3 Mergers & Acquisitions

13. COMPETITIVE LANDSCAPE

13.1 Market Share Analysis
13.2 Competitive Positioning (Leaders, Challengers, Followers, Niche Players)

14. COMPANY PROFILES (BUSINESS DESCRIPTION, FINANCIAL ANALYSIS, BUSINESS STRATEGY)

14.1 SGS S.A
14.2 Bureau Veritas
14.3 Intertek
14.4 TUV SUD
14.5 Eurofins Scientific
14.6 DNV GL
14.7 ALS Limited

LIST OF FIGURES

Figure 1: Global Testing, Inspection & Certification (TIC) Market Size, By Value, 2015-2025 (USD Billion)
Figure 2: Leading TIC Players Transaction Activity(%), 2013-2019
Figure 3: Global Urban Population(% of total population), 2014-2018
Figure 4: Global Population, 2014-2018 (USD Billion)
Figure 5: Global Industry (Including Construction), value added (annual growth %)
Figure 6: Global Testing, Inspection & Certification (TIC) Market Share- By Service Type
Figure 7: Global Testing, Inspection & Certification (TIC) Market- By Testing, By Value (USD Billion), 2015-2025
Figure 8: Global Testing, Inspection & Certification (TIC) Market- By Inspection, By Value (USD Billion), 2015-2025
Figure 9: Global Testing, Inspection & Certification (TIC) Market- By Certification, By Value (USD Billion), 2015-2025
Figure 10: Global Testing, Inspection & Certification (TIC) Market Share- By Source Type
Figure 11: Global Testing, Inspection & Certification (TIC) Market- By In-house, By Value (USD Billion), 2015-2025
Figure 12: Global Testing, Inspection & Certification (TIC) Market- By Outsourced, By Value (USD Billion), 2015-2025
Figure 13: Global Testing, Inspection & Certification (TIC) Market Share- By Application
Figure 14: Global Testing, Inspection & Certification (TIC) Market- By Consumer Goods & Retail, By Value (USD Billion), 2015-2025
Figure 15: Global Testing, Inspection & Certification (TIC) Market- By Food & Agriculture, By Value (USD Billion), 2015-2025
Figure 16: Global Testing, Inspection & Certification (TIC) Market- By Oil & Gas and Petroleum, By Value (USD Billion), 2015-2025
Figure 17: Global Testing, Inspection & Certification (TIC) Market- By Construction & Infrastructure, By Value (USD Billion), 2015-2025
Figure 18: Global Testing, Inspection & Certification (TIC) Market- By Industrial & Manufacturing, By Value (USD Billion), 2015-2025
Figure 19: Global Testing, Inspection & Certification (TIC) Market- By Transportation, By Value (USD Billion), 2015-2025
Figure 20: Global Testing, Inspection & Certification (TIC) Market- By Automotive, By Value (USD Billion), 2015-2025
Figure 21: Global Testing, Inspection & Certification (TIC) Market- By Energy & Power, By Value (USD Billion),2015-2025
Figure 22: Global Testing, Inspection & Certification (TIC) Market- By Others, By Value (USD Billion), 2015-2025
Figure 23: Global Testing, Inspection & Certification (TIC) Market Share- By Region
Figure 24: Americas Testing, Inspection & Certification (TIC) Market Size, By Value, 2015-2025 (USD Billion)
Figure 25: Americas Urban Population(% of total population), 2014-2018
Figure 26: North America Production of All Vehicles, 2013-2018 (In Millions)
Figure 27: Americas Industry (Including Construction), value added (annual growth %)
Figure 28: Americas Testing, Inspection & Certification (TIC) Market- By Service Type, By Value (USD Billion), 2015-2025
Figure 29: Americas Testing, Inspection & Certification (TIC) Market- By Source Type, By Value (USD Billion), 2015-2025
Figure 30: Americas Testing, Inspection & Certification (TIC) Market- By Application, By Value (USD Billion), 2015-2025
Figure 31: Americas Testing, Inspection & Certification (TIC) Market- By Application, By Value (USD Billion), 2015-2025
Figure 32: Market Opportunity Chart of Americas Testing, Inspection & Certification (TIC) Market - By Country, By Value (Year-2025)
Figure 33: Americas Testing, Inspection & Certification (TIC) Market Share- By Country
Figure 34: United States Testing, Inspection & Certification (TIC) Market Size, By Value, 2015-2025 (USD Billion)
Figure 35: US Sales of Electric Vehicles, 2017, 2018 (In Number of Units)
Figure 36: United States Testing, Inspection & Certification (TIC) Market- By Service Type, By Value (USD Billion), 2015-2025
Figure 37: United States Testing, Inspection & Certification (TIC) Market- By Source Type, By Value (USD Billion), 2015-2025
Figure 38: United States Testing, Inspection & Certification (TIC) Market- By Application, By Value (USD Billion), 2015-2025
Figure 39: United States Testing, Inspection & Certification (TIC) Market- By Application, By Value (USD Billion), 2015-2025
Figure 40: U.S Industry (Including Construction), Value added (annual growth %), 2013-17
Figure 41: United States Urban Population(% of Total Population)
Figure 42: U.S Manufacturing Value added, annual growth(%), 2013-17
Figure 43: Europe Testing, Inspection & Certification (TIC) Market Size, By Value, 2015-2025 (USD Billion)
Figure 44: Europe GDP Growth rate, 2014-2018 (%)
Figure 45: European Union industry (including construction), value added(annual % growth), 2014-2018
Figure 46: European Union Urban Population growth (annual %), 2013-18
Figure 47: Europe Testing, Inspection & Certification (TIC) Market- By Service Type, By Value (USD Billion), 2015-2025
Figure 48: Europe Testing, Inspection & Certification (TIC) Market- By Source Type, By Value (USD Billion), 2015-2025
Figure 49: Europe Testing, Inspection & Certification (TIC) Market- By Application, By Value (USD Billion), 2015-2025
Figure 50: Europe Testing, Inspection & Certification (TIC) Market- By Application, By Value (USD Billion), 2015-2025
Figure 51: Market Opportunity Chart of Europe Testing, Inspection & Certification (TIC) Market - By Country, By Value (Year-2025)
Figure 52: Europe Testing, Inspection & Certification (TIC) Market Share- By Country
Figure 53: France Testing, Inspection & Certification (TIC) Market Size, By Value, 2015-2025 (USD Billion)
Figure 54: France Testing, Inspection & Certification (TIC) Market- By Service Type, By Value (USD Billion), 2015-2025
Figure 55: France Testing, Inspection & Certification (TIC) Market- By Source Type, By Value (USD Billion), 2015-2025
Figure 56: France Testing, Inspection & Certification (TIC) Market- By Application, By Value (USD Billion), 2015-2025
Figure 57: France Testing, Inspection & Certification (TIC) Market- By Application, By Value (USD Billion), 2015-2025
Figure 58: France Manufacturing Value Added (annual % growth), 2014-18
Figure 59: France Urban Population (% of Total Population), 2014-2018
Figure 60: France industry(including construction), value added(annual % growth), 2014-2018
Figure 61: France GDP growth (annual %), 2014-18
Figure 62: Germany Testing, Inspection & Certification (TIC) Market Size, By Value, 2015-2025 (USD Billion)
Figure 63: Germany Production of Cars and LCV only, 2013-2018, (In Millions)
Figure 64: Germany Sales of All Vehicles, 2013-2017 (In Millions)
Figure 65: Germany Testing, Inspection & Certification (TIC) Market- By Service Type, By Value (USD Billion), 2015-2025
Figure 66: Germany Testing, Inspection & Certification (TIC) Market- By Source Type, By Value (USD Billion), 2015-2025
Figure 67: Germany Testing, Inspection & Certification (TIC) Market- By Application, By Value (USD Billion), 2015-2025
Figure 68: Germany Testing, Inspection & Certification (TIC) Market- By Application, By Value (USD Billion), 2015-2025
Figure 69: Germany Manufacturing Value Added (annual % growth), 2014-18
Figure 70: Germany Urban Population (% of Total Population), 2014-2018
Figure 71: Germany industry(including construction), value added(annual % growth), 2014-2018
Figure 72: Germany GDP growth (annual %), 2014-18
Figure 73: Asia Pacific Testing, Inspection & Certification (TIC) Market Size, By Value, 2015-2025 (USD Billion)
Figure 74: East Asia & Pacific industry(including construction), value added(annual % growth), 2014-2018
Figure 75: East Asia & Pacific Total Population (USD Billion), 2014-2018
Figure 76: APAC Urban Population growth (annual %), 2013-18
Figure 77: East Asia & Pacific GDP Growth rate, 2013-2018 (%)
Figure 78: Asia Pacific Testing, Inspection & Certification (TIC) Market- By Service Type, By Value (USD Billion), 2015-2025
Figure 79: Asia Pacific Testing, Inspection & Certification (TIC) Market- By Source Type, By Value (USD Billion), 2015-2025
Figure 80: Asia Pacific Testing, Inspection & Certification (TIC) Market- By Application, By Value (USD Billion), 2015-2025
Figure 81: Asia Pacific Testing, Inspection & Certification (TIC) Market- By Application, By Value (USD Billion), 2015-2025
Figure 82: Market Opportunity Chart of Asia Pacific Testing, Inspection & Certification (TIC) Market - By Country, By Value (Year-2025)
Figure 83: Asia Pacific Testing, Inspection & Certification (TIC) Market Share – By Country
Figure 84: China Testing, Inspection & Certification (TIC) Market Size, By Value, 2015-2025 (USD Billion)
Figure 85: Number of TIC Service Providers in China, 2013-2018
Figure 86: Share of TIC providers by company size, 2016-2018
Figure 87: China Testing, Inspection & Certification (TIC) Market- By Service Type, By Value (USD Billion), 2015-2025
Figure 88: China Testing, Inspection & Certification (TIC) Market- By Source Type, By Value (USD Billion), 2015-2025
Figure 89: China Testing, Inspection & Certification (TIC) Market- By Application, By Value (USD Billion), 2015-2025
Figure 90: China Testing, Inspection & Certification (TIC) Market- By Application, By Value (USD Billion), 2015-2025
Figure 91: China Industry(including construction), value added(annual % growth), 2014–2018
Figure 92: China Urban Population(% of total population), 2014–2018
Figure 93: China GDP growth (annual %), 2013-2018
Figure 94: China Total Population(USD Billion), 2014-2018
Figure 95: India Testing, Inspection & Certification (TIC) Market Size, By Value, 2015-2025 (USD Billion)
Figure 96: India Testing, Inspection & Certification (TIC) Market- By Service Type, By Value (USD Billion), 2015-2025
Figure 97: India Testing, Inspection & Certification (TIC) Market- By Source Type, By Value (USD Billion), 2015-2025
Figure 98: India Testing, Inspection & Certification (TIC) Market- By Application, By Value (USD Billion), 2015-2025
Figure 99: India Testing, Inspection & Certification (TIC) Market- By Application, By Value (USD Billion), 2015-2025
Figure 100: India Industry(including construction), value added(annual % growth), 2014–2018
Figure 101: India Total Population(USD Billion), 2014–2018
Figure 102: India GDP Growth Rate (annual %), 2014-2018
Figure 103: India’s Urban Population (% of Population), 2014-2018
Figure 104: Market Attractiveness Chart of Global Testing, Inspection & Certification (TIC) Market - By Service Type (Year-2025)
Figure 105: Market Attractiveness Chart of Global Testing, Inspection & Certification (TIC) Market - By Source Type (Year-2025)
Figure 106: Market Attractiveness Chart of Global Testing, Inspection & Certification (TIC) Market - By Region, By Value, (Year-2025)
Figure 107: Competitive Positions of Testing, Inspection & Certification (TIC) Companies (2018)
Figure 108: SGS S.A. Annual Revenue (USD Million), Year 2014-2018
Figure 109: SGS S.A. Net Profit/Loss(USD Million), Year 2014-2018
Figure 110: SGS S.A. Sales Revenue Split, By Business Segment (%), FY2018
Figure 111: SGS S.A. Sales Revenue Split, By Geography (%), FY2018
Figure 112: Bureau Veritas Annual Revenue (USD Million), Year 2014-2018
Figure 113: Bureau Veritas Net Profit/Loss(USD Million), Year 2014-2018
Figure 114: Bureau Veritas Sales Revenue Split, By Business Segment (%), FY2018
Figure 115: Bureau Veritas Sales Revenue Split, By Geography (%), FY2018
Figure 116: Intertek Annual Sales Revenue (USD Million), 2014-2018
Figure 117: Intertek Annual Net Income/Loss (USD Million), 2014-2018
Figure 118: Intertek Sales Revenue Split, By Sector Segment (%), FY2018
Figure 119: TUV SUD Annual Sales Revenue (USD Million),2014-2018
Figure 120: TUV SUD Annual Net Income/Loss (USD Million), 2014-2018
Figure 121: TUV SUD Sales Revenue Split, By Business Segment (%), FY2018
Figure 122: TUV SUD Sales Revenue Split, By Geography (%), FY2018
Figure 123: Eurofins Scientific Annual Revenue (USD Million), Year 2014-2018
Figure 124: Eurofins Scientific Net Profit/Loss (USD Million), Year 2014-2018
Figure 125: Eurofins Scientific Sales Revenue Split, By Geography (%), FY2018
Figure 126: DNV GL Annual Sales Revenue (USD Million),2014-2018
Figure 127: DNV GL Annual Net Income/Loss (USD Million), 2014-2018
Figure 128: DNV GL Sales Revenue Split, By Business Segment (%), FY2018
Figure 129: ALS Limited Annual Sales Revenue (USD Million),2014-2018
Figure 130: ALS Limited Annual Net Income/Loss (USD Million), 2014-2018
Figure 131: ALS Limited Sales Revenue Split, By Business Segment (%), FY2018
Figure 132: ALS Limited Sales Revenue Split, By Geography (%), FY2018

LIST OF TABLES

Table A: Overview of the Main European and International TIC Associations
Table B: Overview of the Main European and International TIC Associations (Continued)
Table C: The ISO Survey Of Management System Standard Certifications 2018
Table D: 15 Top Paying IT Certification for 2019


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