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APAC Testing, Inspection and Certification Market to 2027

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    Report

  • 230 Pages
  • March 2021
  • Region: Asia Pacific
  • Qualiket Research
  • ID: 5388020
APAC Testing, Inspection and Certification Market to 2027



Testing, inspection, and certification are essential to ensure safety and quality of different products. Recently, China is dominating the APAC testing, inspection, and Certification market which is expected to propel the demand for testing, inspection, and certification market. Around 300 certified foreign-invested Testing, inspection, and certification companies operating in China. Most of these companies are located in developed eastern region.

Market Drivers

Increasing Outsourcing of TIC Services and Introduction of Stringent Regulations

Rise in outsourcing of TIC functions and ever-tightening regulations are among the key factors that will push the demand for testing, inspection and certification services over the near future. As per the estimations, nearly 40% of the market is currently outsourced, while the remaining of TIC services carried out in-house

Push towards the outsourcing and also the privatization of state-owned laboratories will continue to be a strong driver of the growth. Continues progression of technological advancement along with popularity of Internet of Things will have the positive impact on market growth. Furthermore, rise in emphasis towards reducing equipment and machinery downtime will enhance the demand for maintenance, testing, and inspection of critical assets and systems.

Market Restraints

Lack of Internationally Accepted Standards Among Different Geographies

Lack of internationally accepted standards is one of the key restraining factor impacting the expansion of testing, inspection and certification market. Various countries have their own set of standards. This factors influences the decision-making of the manufacturer, whether to export or not to a given country

Standards and regulations vary between different types of services and product. Meeting the international standards often results in a increased cost, as it is likely to lead to the changing of design of a particular product or service. For instance, environmental regulations regarding the type and amount of packaging used for products is expected to be strict in some countries as compared to the others.

However, different standards and regulation of various countries is the challenging factor which is expected to hinder the APAC testing, inspection, and Certification Market Growth.

Market Segmentation

APAC Testing, Inspection and Certification Market is categorized into service type such as Certification, Inspection, and Testing, by Source such as Outsourced, and In-house. Further, market is categorized into end user such as Healthcare & Pharmaceutical, Food & Beverages, Consumer Good & Retail, Energy & Power, Manufacturing & Construction, and Others.

Also, APAC Testing, Inspection and Certification Market is categorized into various countries such as China, Japan, India, Taiwan, Thailand, South Korea, Indonesia, Singapore, Philippines, Vietnam, Hong Kong, Malaysia, Australia, and New Zealand

Market Key Players

Various key players are discussed in this report such as ALS Limited, Applus Services, SA, Bureau Veritas, DEKRA Automobil GmbH, DNV GL, Eurofins Group, Intertek Group plc, SGS SA, and TÜV Rheinland AG

Key Takeaways
  • Digital technologies such as Blockchain, Big Data, Industry 4.0, Artificial Intelligence, Open API Fast IT and Collaborative Economy Social Business are anticipated to positively impact the testing, inspection and certification market
  • Blockchain technology has the potential to change traditional audit and certification industry. Blockchain can be applied for end-to-en traceability solutions for food and other products

Market Taxonomy

By Service Type
  • Certification
  • Inspection
  • Testing

By Source
  • Outsourced
  • In-house

By End User
  • Healthcare & Pharmaceutical
  • Food & Beverages
  • Consumer Good & Retail
  • Energy & Power
  • Manufacturing & Construction
  • Others

By Country
  • China
  • Japan
  • India
  • Taiwan
  • Thailand
  • South Korea
  • Indonesia
  • Singapore
  • Philippines
  • Vietnam
  • Hong Kong
  • Malaysia
  • Australia
  • New Zealand
Frequently Asked Questions about the APAC Testing, Inspection and Certification Market

What is the estimated value of the APAC Testing, Inspection and Certification Market?

The APAC Testing, Inspection and Certification Market was estimated to be valued at $82.45 Billion in 2017.

What is the growth rate of the APAC Testing, Inspection and Certification Market?

The growth rate of the APAC Testing, Inspection and Certification Market is 6.1%, with an estimated value of $139.5 Billion by 2027.

What is the forecasted size of the APAC Testing, Inspection and Certification Market?

The APAC Testing, Inspection and Certification Market is estimated to be worth $139.5 Billion by 2027.

Who are the key companies in the APAC Testing, Inspection and Certification Market?

Key companies in the APAC Testing, Inspection and Certification Market include ALS Limited, Applus Services, SA, Bureau Veritas, DEKRA Automobil GmbH, DNV GL, Eurofins Group, Intertek Group plc and TÜV Rheinland AG.

Table of Contents

APAC Testing, Inspection, and Certification Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 APAC Testing, Inspection, and Certification Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 APAC Testing, Inspection, and Certification Market, By Service Type
5.1 Y-o-Y Growth Comparison, By Service Type
5.2 APAC Testing, Inspection, and Certification Market Share Analysis, By Service Type
5.3 APAC Testing, Inspection, and Certification Market Size and Forecast, By Service Type
5.3.1 Certification
5.3.2 Inspection
5.3.3 Testing
6 Global Testing, Inspection, and Certification Market , By Source
6.1 Y-o-Y Growth Comparison, By Source
6.2 APAC Testing, Inspection, and Certification Market Share Analysis, By Source
6.3 APAC Testing, Inspection, and Certification Market Size and Forecast, By Source
6.3.1 Outsourced
6.3.2 In- House
7 APAC Testing, Inspection, and Certification Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 APAC Testing, Inspection, and Certification Market Share Analysis, By End User
7.3 APAC Testing, Inspection, and Certification Market Size and Forecast, By End User
7.3.1 Healthcare & Pharmaceutical
7.3.2 Food & Beverages
7.3.3 Consumer Goods and Retail
7.3.4 Energy & Power
7.3.5 Manufacturing & Construction
7.3.6 Others
8 Testing, Inspection, and Certification Market, By Region
8.1 Testing, Inspection, and Certification Market Share Analysis, By APAC
8.2 Testing, Inspection, and Certification Market Share Analysis, By APAC
8.3 Testing, Inspection, and Certification Market Size and Forecast, By APAC
9 APAC Testing, Inspection, and Certification Market Analysis and Forecast (2017 – 2027)
9.1 Introduction
9.2 APAC Testing, Inspection, and Certification Market Share Analysis, By Service Type
9.3 APAC Testing, Inspection, and Certification Market Size and Forecast, By Source
9.4 APAC Testing, Inspection, and Certification Market Size and Forecast, By End User
9.5 APAC Testing, Inspection, and Certification Market Size and Forecast, By Country
9.5.1 China
9.5.2 Japan
9.5.3 India
9.5.4. Taiwan
9.5.5 Thailand
9.5.6 South Korea
9.5.7 Indonesia
9.5.8 Singapore
9.5.9 Phillippines
9.5.10 Vietnam
9.5.11 Hong Kong
9.5.12 Malaysia
9.5.13 Australia
9.5.14 New Zeeland
10 Competitive Analysis
10.1 Competition Dashboard
10.2 Market share Analysis of Top Vendors
10.3 Key Development Strategies
11 Company Profiles
11.1 ALS Limited
11.1.1 Overview
11.1.2 Offerings
11.1.3 Key Financials
11.1.4 Business Segment & Geographic Overview
11.1.5 Key Market Developments
11.1.6 Key Strategies
11.2 Applus Services SA
11.2.1 Overview
11.2.2 Offerings
11.2.3 Key Financials
11.2.4 Business Segment & Geographic Overview
11.2.5 Key Market Developments
11.2.6 Key Strategies
11.3 Bureau Veritas
11.3.1 Overview
11.3.2 Offerings
11.3.3 Key Financials
11.3.4 Business Segment & Geographic Overview
11.3.5 Key Market Developments
11.3.6 Key Strategies
11.4 DEKRA Automobil GmbH
11.4.1 Overview
11.4.2 Offerings
11.4.3 Key Financials
11.4.4 Business Segment & Geographic Overview
11.4.5 Key Market Developments
11.4.6 Key Strategies
11.5 DNV GL
11.5.1 Overview
11.5.2 Offerings
11.5.3 Key Financials
11.5.4 Business Segment & Geographic Overview
11.5.5 Key Market Developments
11.5.6 Key Strategies
11.6 Eurofins Group
11.6.1 Overview
11.6.2 Offerings
11.6.3 Key Financials
11.6.4 Business Segment & Geographic Overview
11.6.5 Key Market Developments
11.6.6 Key Strategies
11.7 Intertek Group plc
11.7.1 Overview
11.7.2 Offerings
11.7.3 Key Financials
11.7.4 Business Segment & Geographic Overview
11.7.5 Key Market Developments
11.7.6 Key Strategies
11.8 SGS SA
11.8.1 Overview
11.8.2 Offerings
11.8.3 Key Financials
11.8.4 Business Segment & Geographic Overview
11.8.5 Key Market Developments
11.8.6 Key Strategies
11.9 TÜV Rheinland AG
11.9.1 Overview
11.9.2 Offerings
11.9.3 Key Financials
11.9.4 Business Segment & Geographic Overview
11.9.5 Key Market Developments
11.9.6 Key Strategies

Companies Mentioned

  • ALS Limited
  • Applus Services
  • SA
  • Bureau Veritas
  • DEKRA Automobil GmbH
  • DNV GL
  • Eurofins Group
  • Intertek Group plc
  • SGS SA
  • TÜV Rheinland AG