Testing, Inspection, and Certification (TIC) - Global Strategic Business Report

Global Testing, Inspection, and Certification (TIC) Market to Reach $377 Billion by 2030

The global market for Testing, Inspection, and Certification (TIC) estimated at US$262.8 Billion in the year 2022, is projected to reach a revised size of US$377 Billion by 2030, growing at a CAGR of 4.6% over the analysis period 2022-2030. Testing Services, one of the segments analyzed in the report, is projected to record 4.4% CAGR and reach US$265.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Inspection Services segment is readjusted to a revised 5.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $77.6 Billion, While China is Forecast to Grow at 4.3% CAGR

The Testing, Inspection, and Certification (TIC) market in the U.S. is estimated at US$77.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$66.2 Billion by the year 2030 trailing a CAGR of 4.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 3.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.

Select Competitors (Total 429 Featured) -

• ALS Ltd.
• Applus+ Servicios Tecnologicos, S.L
• Avomeen Analytical Services
• Bureau Veritas SA
• Dekra SE
• DNV GL Group
• Element Materials Technology
• Envigo, Inc.
• Eurofins Scientific SE
• Intertek Group PLC
• Lloyd's Register Group Limited
• Medistri SA
• Mistras Group, Inc.
• SGS Group (SGS SA)
• Tuv Nord Group
• TUV Rheinland AG
• Tuv Sud AG
• UL LLC (Underwriters Laboratories)

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year