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
Market Taxonomy
By Service Type
By Source
By End User
By Country
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?
What is the growth rate of the APAC Testing, Inspection and Certification Market?
What is the forecasted size of the APAC Testing, Inspection and Certification Market?
Who are the key companies in the APAC Testing, Inspection and Certification Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 230 |
| Published | March 2021 |
| Forecast Period | 2017 - 2027 |
| Estimated Market Value ( USD | $ 82.45 Billion |
| Forecasted Market Value ( USD | $ 139.5 Billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Asia Pacific |
| No. of Companies Mentioned | 10 |
Table of Contents
APAC Testing, Inspection, and Certification Market TOC
2 Research Methodology
4 APAC Testing, Inspection, and Certification Market Outlook
5 APAC Testing, Inspection, and Certification Market, By Service Type
6 Global Testing, Inspection, and Certification Market , By Source
7 APAC Testing, Inspection, and Certification Market, By End User
8 Testing, Inspection, and Certification Market, By Region
9 APAC Testing, Inspection, and Certification Market Analysis and Forecast (2017 – 2027)
10 Competitive Analysis
11 Company Profiles
Companies Mentioned
- ALS Limited
- Applus Services
- SA
- Bureau Veritas
- DEKRA Automobil GmbH
- DNV GL
- Eurofins Group
- Intertek Group plc
- SGS SA
- TÜV Rheinland AG
