Global TIC Market For Building & Construction Industry, Market Research Report, Size, Share, Growth, Demand Analysis and Forecast 2025 - 2030

The Global Building & Construction Industry's Testing, Inspection, And Certification (TIC) Market reached approximately USD 11 billion in 2023, with a projected compound annual growth rate (CAGR) of 6% during the forecast period from 2025 to 2030.

The research report offers a thorough overview of the global market for TIC Market for Building & Construction Industry and insightful analysis on segmentation, dynamics, competition, and regional growth. The report's predictions are supported by recognized research methodologies and presumptions and look at specific strategies, then vendor profiles for the market.

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Growth Drivers
In the building and construction industry, the rising government regulations and industry standards, along with strict certification requirements and substantial penalties for non-compliance, are expected to fuel the demand for Testing, Inspection, and Certification (TIC) services. Additionally, manufacturing companies' growing focus on providing high-quality products will drive customer loyalty, leading to an increased need for interoperability testing of connected devices and Internet of Things (IoT) technologies. The global expansion of trade and the adoption of emerging digital technologies will further contribute to the growth of the TIC market in the building and construction sector.

The latest global TIC Market for Building & Construction Industry report answers the following question:
1. Which geographical areas will continue to be the most lucrative for companies in the global market for TIC Market for Building & Construction Industry?
2. Which circumstances during the assessment period will cause a shift in the demand for global TIC Market for Building & Construction Industry?
3. How will the market be impacted by evolving trends?
Which businesses are dominating the TIC Market for Building & Construction Industry sector?
4. What successful tactics do market participants use to strengthen their positions in this environment?

'Competitive Insight' section of this report provides a comprehensive study for readers to get a thorough overview of the market's competitive landscape, challenges and opportunities for entrants to survive and for leading market players to participate in the growth plan.

Top players in the market are:
• Intertek Group plc
• Bureau Veritas
• UL LLC
• SGS SA
• Eurofins USA
• TUV Rheinland
• DEKRA SE
• ALS Limited
• Applus+
• DNV GL

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Latest Updates and Developments:
• Applus+ acquired Soil and Foundation Company Limited and Geotechnical and Environmental Company (SAFCO), a leading provider of construction testing and inspection services, to expand its portfolio of services in the region.
• Bureau veritas a leading player in the industry will acquire 65% of the equity stake in the McKenzie group. With this transaction Bureau, veritas will have the leadership position in building & construction services in Australia.
• Bureau Veritas is a global leader in the testing, inspection, and certification of construction consultancy services. Bureau Veritas manages risk, adds value, provides cost-effectiveness, and gives clients help at all stages of the design and construction process.
• SGS SA is a world leader in project management and provides enhanced experience in all areas of construction. SGS SA helps in managing technical risks, avoiding construction errors, controlling budgets, and keeping construction projects within the planned schedule.

Market segment analysis:
• The Segments of the Report are classified as Sourcing Type, Service Type, Industry Vertical, Geography and factors dominating the market and impacting the market growth plan during the forecast period.
• The Global TIC Market for Building & Construction Industry Testing, Inspection, And Certification Market is segmented into the following sub-segments:

Sourcing Type Insight and Forecast 2025-2030
• In-House
• Outsourced

Service Type and Forecast 2025-2030
• Testing
• Inspection
• Certification
Industry Vertical Insight and Forecast 2025-2030
• Convenience Food Solutions
• Dairy Solutions
• Animal Feed & Pet Food Solutions
• Fruits and Vegetable Solution
• Honey Solutions
• Meat & Seafood Solutions
• Others

Geographical Segmentation
TIC Market for Building & Construction Industry Industry by Region
North America
• By Sourcing Type
• By Service Type
• By Industry Vertical
• By Country - U.S., Canada, and Mexico
Europe
• By Sourcing Type
• By Service Type
• By Industry Vertical
• By Country - Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe
Asia-Pacific (APAC)
• By Sourcing Type
• By Service Type
• By Industry Vertical
• By Country - China, Japan, India, South Korea, and Rest of Asia-Pacific
Rest of the World (RoW)
• By Sourcing Type
• By Service Type
• By Industry Vertical
• By Country - Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries

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Forecast Methodology: The forecast methodology utilized for this report involves a comprehensive analysis of various factors influencing the market, including historical data, industry trends, macroeconomic indicators, and expert opinions. Statistical modeling techniques are applied to project future market growth rates and trends.

Variables and Impact on Market: Key variables impacting the market include technological advancements, regulatory changes, economic conditions, consumer preferences, and competitive landscape dynamics. These variables influence market demand, supply, pricing, and overall industry performance.

Trend of Regional Market: The regional market trends are evaluated by analyzing factors such as population demographics, economic development, infrastructure investments, government policies, and cultural influences. This assessment provides insights into regional market dynamics and growth opportunities.

Competitors' Strategies: Competitors' strategies are assessed through a thorough analysis of their market positioning, product portfolios, pricing strategies, distribution networks, and marketing initiatives. This evaluation helps identify strengths, weaknesses, opportunities, and threats in the competitive landscape.

Market Dynamics: Market dynamics, including changes in demand, supply, challenges, and opportunities, are examined to understand the factors driving or hindering market growth. This analysis encompasses shifts in consumer behavior, technological innovations, regulatory changes, and emerging market trends.

Past Market Trends and Challenges Analysis: Past market trends and challenges are analyzed to identify historical patterns, market disruptions, and lessons learned. This retrospective analysis informs future forecasts and strategic decision-making by understanding past market dynamics and their impact.

Framework for Adoption, Development, Distribution, and Regulation: The report provides an understanding of the framework for adoption, development, distribution, and regulation of automated material handling technologies. This includes assessing regulatory requirements, industry standards, adoption barriers, and investment considerations.

Reasons to Buy This Report:
1. The report offers a detailed overview of the market by defining, describing, and classifying it, providing valuable insights for stakeholders.
2. It includes SWOT analysis and business plans of each vendor, enabling decision-makers to assess their strengths, weaknesses, opportunities, and threats.
3. In-depth analyses of current market trends, trend forecasts, and growth factors empower stakeholders to make informed decisions and capitalize on market opportunities.
4. Thorough reviews of the vendor landscape, competitive analysis, and important market strategies offer actionable insights for gaining a competitive edge in the market.

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