Testing, Inspection, and Certification Market to Hit USD 427.69 Billion by 2032, at 3.94% CAGR | Report by SNS Insider

Testing, Inspection, and Certification (TIC) Market Growth Analysis

The market is growing due to rising demand for quality assurance, regulatory compliance, and increased consumer safety expectations.

AUSTIN, TX, UNITED STATES, February 13, 2025 /EINPresswire.com/ — Market Size & Industry Insights

As Per the SNS Insider,“The Testing, Inspection, and Certification (TIC) Market size was USD 302.52 Billion in 2023 and is expected to reach USD 427.69 Billion by 2032, growing at a CAGR of 3.94% over the forecast period of 2024-2032.”

The Testing, Inspection, and Certification (TIC) market is experiencing significant growth due to increased regulatory requirements in various industries such as healthcare, automotive, and aerospace. As companies strive to adhere to strict quality standards and safety regulations, the demand for TIC services has surged. The rise of global trade and the need for compliance with international standards have also propelled the growth of this market. With advancements in technology such as automation and artificial intelligence, TIC service providers are able to offer more efficient and accurate testing processes.

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SWOT Analysis of Key Players as follows:
– SGS Group
– Bureau Veritas
– Eurofins Scientific
– Apave International
– IRClass
– TIC Sera
– Element Materials Technology
– UL LLC
– QR Testing
– Hohenstein
– Dekra Certification
– ALS Limited
– Intertek Group plc
– SAI Global Limited
– MISTRAS Group Inc

Testing, Inspection, and Certification (TIC) Market Segmentation

By Service Type, Testing Segment Dominates the Market in 2023, While Inspection Set for Rapid Growth by 2032

In 2023, the Testing segment held the major presence in the market, above 42% of the total share. For safety and quality, product testing is an important necessity for every industry, including automotive, electronics, and pharmaceuticals. The profusion of licensed test centers has developed in consideration of companies needing to prove product durability and functional reliability.

The Inspection segment is anticipated to witness the fastest growth from 2024-2032, driven by increasing government regulations in construction, energy, and manufacturing industries.

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By Sourcing, In-House TIC Dominates in 2023, While the Outsourced Segment is Poised for the Fastest Growth by 2032

In 2023, the In-House TIC segment accounted for the largest share of the market, approximately 56%, since industries have opted to keep quality, confidentiality, and compliance under their control (pharmaceuticals, aerospace, automotive). Nevertheless, the Outsourced TIC segment is expected to hold the highest CAGR from 2024-2032, due to the growing complexity of the global supply chain. This is leading to the trend of outsourcing TIC services, which helps companies benefit from specialization and advanced technological capabilities provided by third-party agencies.

By Application, Infrastructure Dominates TIC Market in 2023, While Consumer Goods & Retail Set for Rapid Growth by 2032

In 2023, the Infrastructure segment emerged as the segment with the largest revenue share of over 15% in the TIC market, spurred by upsurging infrastructural activities in China, India, and Europe, especially in the area of transportation development. That surge is also driving increased adoption of TIC services. Increased application across industries such as consumer goods, retail, agriculture, healthcare, chemicals, energy, manufacturing, automotive, and aerospace is also aiding the growth of the market. From 2024 to 2032, the Consumer Goods and Retail segment is projected to grow at a rapid pace, due to the focus on quality compliance and rigorous inspections. Inspection, testing, and certification are essential services requested in the retail and grocery sectors.

By region, Asia Pacific Leads the TIC Market in 2023, While Europe Gears Up for Significant Growth by 2032

Asia Pacific led the TIC market in 2023 with over 35% market share, fueled by rapid industrial expansion, growing manufacturing activities, and an increasing focus on product quality and safety. Countries like China, India, and Southeast Asian nations are experiencing industrial growth, necessitating robust TIC services to comply with international standards. The booming construction, electronics, and automotive industries further boost market demand in this region.

Meanwhile, Europe is expected to witness significant growth during the forecast period. The region’s well-established automotive industry, particularly in Germany and France, is a key driver of TIC adoption. Furthermore, the presence of top-tier fashion, retail, and consumer goods brands in Italy, Portugal, and the U.K. enhances the need for testing and certification solutions, fostering market expansion.

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Table of Content – Major Points Analysis

Chapter 1. Introduction

Chapter 2. Executive Summary

Chapter 3. Research Methodology

Chapter 4. Market Dynamics Impact Analysis

Chapter 5. Statistical Insights and Trends Reporting

Chapter 6. Competitive Landscape

Chapter 7. Testing, Inspection, and Certification (TIC) Market Segmentation, by Service Type

Chapter 8. Testing, Inspection, and Certification (TIC) Market Segmentation, by Sourcing

Chapter 9. Testing, Inspection, and Certification (TIC) Market Segmentation, by Application

Chapter 10. Regional Analysis

Chapter 11. Company Profiles

Chapter 12. Use Cases and Best Practices

Chapter 13. Conclusion

Continued…

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Akash Anand
SNS Insider
+1 415-230-0044
info@snsinsider.com

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