Magadh Chronicle

Testing, Inspection And Certification Market CAGR To Beat 5.2% Till 2025 – Technological Overview, Service Type Outlook, Top Companies & Value Chain Analysis By Million Insights

 Breaking News
  • No posts were found

Testing, Inspection And Certification Market CAGR To Beat 5.2% Till 2025 – Technological Overview, Service Type Outlook, Top Companies & Value Chain Analysis By Million Insights

November 26
12:22 2021
Testing, Inspection And Certification Market CAGR To Beat 5.2% Till 2025 - Technological Overview, Service Type Outlook, Top Companies & Value Chain Analysis By Million Insights
Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global testing, inspection & certification (TIC) industry research report offers thorough insights on trends, scope, opportunities & challenges. It also offers ready, data-driven answers to several industry-level questions.

The global testing, inspection and certification (TIC) market size is projected to reach USD 404.7 billion by 2025 and expected to grow with a CAGR of 5.2% over the forecast period, from 2019 to 2025, according to Million Insights. TIC services have been adopted rapidly across several industries due to strict government norms for testing, inspection, and certification. The market players are focusing on capturing several industries and sectors worldwide with various standards and legislations.

Due to growing presence of international players in developing regions, governments are supporting industry participants for regulating and maintaining the quality of several products & services from third party inspections services. Further, the development of economies, rising awareness regarding food safety, and environmental protections are other major factors expected to drive the market growth during the forecast period. Increasing consumer concern related to health and safety issues for electronic products has enforced government to mandate some regulations and standards to the manufacturing industry.

To download the sample PDF of “Testing, Inspection And Certification Market” Report please click here: 


Due to rapid globalization, supply chains are becoming very complex. Growing outsourcing and consumer exceptions for high-quality products has led to an increase in demand for TIC services. Therefore, organizations are striving to ensure that infrastructures, products and process as per government norms such as health & safety, reduce the risk of injury and accidents, environmental protection and social responsibility. This involves services such as inspection and testing of bulk carriers including grains, petroleum and livestock. 

Asia Pacific region is expected to have steady growth over the forecast period due to increasing regulatory and economic factors. In this region, governments of several countries are implementing several development plans across various verticals such as agriculture, infrastructure, automotive, food, and manufacturing. TIC services are expected to reshape by integrating with several technologies like connected vehicles, connected devices, artificial intelligence, and mobile payment. Hence, the adoption of such technologies in these industries is expected to augment the regional TIC market growth over the forecast period. 

To browse report summary & detailed TOC, please click the link below: 


Further key findings from the report suggest:

• Growing application of TIC services in infrastructure, construction, and manufacturing sectors is expected to open new market growth opportunities in the next few years.

• Rise in application of testing, inspection, and certification (TIC) across several industries such as consumer goods, manufacturing, automotive is expected to drive the market growth over the forecast period.

• In Asia Pacific, governments of developing countries are implementing different development plans. For example, Chinese government stated development of transportation solution to boost the transportation sector growth.

• Major players are engaged in acquisition of start-ups to offer innovative products and expand their geographical presence.

• Applus+; Intertek Group plc; Bureau Veritas SA; UL LLC; DNV GL; Eurofins Scientific; Element Materials Technology; SGS SA; TÜV NORD GROUP; ALS Limited; MISTRAS Group, Inc.; and DEKRA SE; TÜV Rheinland; and TÜV SÜD; are the prominent players operating in this market.

Million Insights has segmented the global TIC market based on service type, sourcing type, application and region:

Testing, Inspection, and Certification Service Type Outlook (Revenue, USD Billion, 2014 – 2025)

    • Testing

    • Inspection

    • Certification

Testing, Inspection, and Certification Sourcing Type Outlook (Revenue, USD Billion, 2014 – 2025)

    • In-House

    • Outsourced

Testing, Inspection, and Certification Application Outlook (Revenue, USD Billion, 2014 – 2025)

    • Consumer Goods & Retail

    • Agriculture & Food

    • Chemicals

    • Infrastructure

    • Energy & Power

    • Education

    • Government

    • Manufacturing

    • Healthcare

    • Mining

    • Oil & Gas and Petroleum

    • Public Sector

    • Automotive

    • Aerospace & Defense

    • Supply Chain & Logistics

    • Others

Testing, Inspection, and Certification Regional Outlook (Revenue, USD Billion, 2014 – 2025)

    • North America

        • U.S.

        • Canada

        • Mexico

    • Europe

        • U.K.

        • Germany

        • France

        • Italy

        • Russia

    • Asia Pacific

        • China

        • Japan

        • India

        • South Korea

        • Australia

    • South America

        • Brazil

        • Argentina

    • Middle East & Africa

        • Saudi Arabia

        • UAE

Browse latest market research reports available with Million Insights:

• Life Science Tools Market: With reference to the report published, the global life science tools market was prized by USD 92.2 billion in 2020. It is estimated to witness an 11.9% CAGR from 2021 to 2028.

• Data Collection & Labeling Market: The global data collection & labeling market size was accounted for USD 1.0 billion in 2019 and expected to grow with a CAGR of 26.0% during the forecast period, from 2020 to 2027.

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India