Press release
Global Testing, Inspection, And Certification Market to Reach $296.27 Billion by 2029, Growing at 6.2% CAGR
Testing, Inspection, And Certification Market
Government-enforced rigorous regulatory standards aimed at guaranteeing product safety and environmental conservation are projected to bolster the expansion of the testing, inspection, and certification market. The primary concerns are the elevated risk to human lives and the environment's impact, which pushes consumers to look for reliable and high-quality products. Globally, many firms are employing safety testing, inspection, and certification services to address product safety and quality issues in accordance with legislative laws. Notably, in April 2023, Regulation (EU) 2023/851 was enacted by the European Parliament and the Council to modify the prior Regulation (EU) 2019/631. This modification signifies that the CO2 emission regulations for new passenger vehicles and light commercial vehicles have become even more rigorous. This adjustment harmonizes with the European Union's intensified climate objectives and affects the emission standards that new vehicles, like your potential car, should adhere to. Consequently, the rigorous regulatory standards set by the government will stimulate the expansion of the testing, inspection, and certification market.
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What Is the projected market size and growth rate for the testing, inspection, and certification market?
In the past few years, the market size for testing, inspection, and certification has seen a consistent growth. It is projected to rise from $227.58 billion in 2024 to $232.39 billion in 2025, showing a compound annual growth rate (CAGR) of 2.1%. The historical growth in this sector is linked to factors such as insurance and financial necessities, social responsibility and ethical standards, certification of energy efficiency, third-party validation, and increasing product complexity.
In the coming years, there is an anticipated substantial expansion in the testing, inspection, and certification market. This growth is projected to reach $296.26 billion by 2029 at a 6.3% compound annual growth rate (CAGR). This spike during the forecast period can be related to the growing need for certification for electric and autonomous vehicles as well as urgent global climate change control efforts, escalating demand in healthcare for certification, an increased concentration on cybersecurity testing, and the progression of e-commerce and supply chain certification. Major driving trends throughout this forecast time frame will include tic digital transformation, the utilization of blockchain technology for certification, sustainability, and green certification along with remote and virtual inspection services and emphasis on health and safety certification.
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What new trends are reshaping the testing, inspection, and certification market and its opportunities?
The surge in innovative technologies for testing, inspection, and certification (TIC) products and services is significantly influencing the TIC market. Artificial intelligence (AI) is transforming business functions across all industries, including TIC. Automated inspections are being employed to meet the requirements of difficult-to-reach inspection areas. DEKRA, a prominent inspection, verification, testing, and certification firm based in Germany, introduced the first generation of AI Testing and Certification services in June 2023, including AI Advisory and Training, AI Audit, and AI Testing. These services aim to assist businesses in ensuring the safety, reliability, and credibility of their AI-driven products and services.
What major market segments define the scope and growth of the testing, inspection, and certification market?
The testing, inspection, and certification market covered in this report is segmented -
1) By Service Type: Testing Service, Inspection Service, Certification Service
2) By Sourcing Type: In-House, Outsourced
3) By Application: Quality And Safety, Production Evaluation, Industrial Inspection, System Certification
4) By End-User: Consumer Goods And Retail, Food And Agriculture, Oil And Gas, Construction And Engineering, Energy And Chemicals, Manufacturing, Transportation, Industrial And Automotive, Other End-Users
Subsegments:
1) By Testing Service: Product Testing, Material Testing, Environmental Testing, Performance Testing, Compliance Testing
2) By Inspection Service: Industrial Inspection, Construction Inspection, Quality Inspection, Safety Inspection, Regulatory Inspection
3) By Certification Service: Product Certification, System Certification, Personnel Certification, Compliance Certification, Organic Certification
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Which region dominates the testing, inspection, and certification market?
Asia-Pacific was the largest region in the testing, inspection and certification market in 2024.The regions covered in the testing, inspection, and certification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the testing, inspection, and certification industry growth?
Major companies operating in the testing, inspection, and certification market include Bureau Veritas SA, Element Materials Technology, AIM Control Inspection Group, ALS Limited, AMARC Public Co. Ltd, Applus Services SA, AsureQuality Limited, BSI Group, Dekra Certification GmbH, DNV GL Business Assurance USA Inc., Eurofins Scientific SE, FARE Labs Pvt. Ltd, Intertek Group plc, Kiwa NV, Metech, MISTRAS Group Inc., SAI Global Limited, SGS Group, TUV SUD Ltd, UL Group, Cotecna Inspection SA, China Certification, Lloyd's Register Group Limited, Société Générale de Surveillance, Nippon Kaiji Kyokai, Japan Quality Assurance & Inspection Institute, Exova Group PLC, Korea Testing & Certification Agency, Underwriters Laboratories, Apave International
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What Is Covered In The Testing, Inspection, And Certification Global Market Report?
•Market Size Forecast: Examine the testing, inspection, and certification market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the testing, inspection, and certification market for a structured understanding.
•Key Players Overview: Analyze major players in the testing, inspection, and certification market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the testing, inspection, and certification market.
•Segment Contributions: Evaluate how different segments drive overall growth in the testing, inspection, and certification market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the testing, inspection, and certification market.
•Industry Challenges: Identify potential risks and obstacles affecting the testing, inspection, and certification market.
•Competitive Landscape: Review strategic developments in the testing, inspection, and certification market, including expansions, agreements, and new product launches.
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