Testing, Inspection & Certification Market Size, Growth, Share, Trends and Future Forecast 2019 to 2025

The global Testing, Inspection and Certification market size was valued at USD 8720 million in 2018 and is expected to reach USD 12700 million by 2025, registering a CAGR of 4.8% from 2019 to 2025.

Europe is the largest regions of Testing, Inspection and Certification, with revenue market share about 38.51% in 2017, North America following Europe, takes revenue market share of 27.38%. Asia-Pacific is an important market of Testing, Inspection and Certification, accounting for 22% revenue market share.

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The application of Testing, Inspection and Certification included Consumer Product, Commodities, Industry, LFE and Other industry. Industry is the largest application takes revenue market share of 50% in 2017. LFE is the second application takes revenue market share of 24% in 2017.

SGS Group, Bureau Veritas, Dekra Certification, Intertek, TUV SUD, Eurofins Scientific, DNV, TUV Rheinland, UL LLC, ALS Limited and TUV Nord Group is the top player in the industry, they together with 39.36% market share.

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Companies provide inspection, verification, testing and certification services and related support functions such as auditing, consulting and training. The purpose of these services is to increase productivity, help local manufacturers meet global standards, manage risk, and improve the quality, safety and compliance of a company's products and services. The primary role of testing, inspection, and certification is to ensure the maintenance of the health, safety, and quality requirements products. Testing, inspection, and certification companies are engaged in inspection, verification, testing and certification services to help increase productivity and also help local manufacturers comply with the global standards.

The key players covered in this study

o SGS Group
o Bureau Veritas
o Dekra Certification
o Intertek
o TUV SUD
o Eurofins Scientific
o DNV
o TUV Rheinland
o UL LLC
o ALS Limited
o TUV Nord Group
o Mistras Group
o SAI Global
o BSI Group
o Exova Group
o Others

Market segment by Type, the product can be split into

o In-House
o Outsourced

Market segment by Application, split into

o Consumer Product
o Commodities
o Industry
o LFE
o Other

Market segment by Regions/Countries, this report covers

o United States
o Europe
o China
o Japan
o Southeast Asia
o India
o Central & South America

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This release was published on openPR.