The Business Research Company’s report on the Testing, Inspection, And Certification Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the testing, inspection, and certification market in recent years?
The strict regulatory standards imposed by governments to ensure product safety and environmental protection are expected to propel the growth of the testing, inspection, and certification market. The increased risk to human life and the influence on the environment are the main worries, prompting customers to seek dependable and high-quality products. Safety testing, inspection, and certification services are being implemented by many organizations worldwide to resolve product safety and quality problems by following legislative rules. In April 2023, according to the European Parliament and the Council passed Regulation (EU) 2023/851, which amends the previously established Regulation (EU) 2019/631.This amendment means that the CO2 emission standards for new passenger cars and light commercial vehicles have been made even more stringent. This change aligns with the European Union’s heightened climate goals and impacts on the emission standards that new vehicles, like the one you may be driving, must meet. Therefore, the strict regulatory standards imposed by governments will drive the testing, inspection, and certification market growth.
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What is the projected market size of the testing, inspection, and certification industry, and how is it expected to grow?
The testing, inspection, and certification market size has grown steadily in recent years. It will grow from $227.58 billion in 2024 to $232.39 billion in 2025 at a compound annual growth rate (CAGR) of 2.1%. The growth in the historic period can be attributed to insurance and financial requirements, social responsibility and ethical practices, energy efficiency certification, third-party verification, increased complexity of products.
The testing, inspection, and certification market size is expected to see strong growth in the next few years. It will grow to $296.26 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to increasing demand for certification in electric and autonomous vehicles, global efforts in climate change mitigation, increasing demand for certification in healthcare, increasing focus on cybersecurity testing, growth in e-commerce and supply chain certification. Major trends in the forecast period include digital transformation in tic, blockchain technology for certification, sustainability and green certification, remote and virtual inspection services, focus on health and safety certification.
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Who are the key players driving competition in the testing, inspection, and certification market?
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
What key trends are expected to drive the temporary power market during the forecast period?
The advent of new technologies in testing, inspection, and certification products and services is a key trend booming the testing, inspection, and certification market. Artificial intelligence is changing corporate operations in practically every sector, including testing, inspection, and certification. Automated inspection is used to satisfy the demands of physically challenging inspection zones. In June 2023, DEKRA, a Germany based leading inspection, verification, testing, and certification company, has launched the first generation of AI Testing and Certification services include AI Advisory and Training, AI Audit, and AI Testing. These services are designed to help companies ensure the safety, security, and trustworthiness of their AI-powered products and services.
Which key geographies are driving the growth of 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
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What are the key segments driving growth in 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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How is the testing, inspection, and certification market defined, and what are its core characteristics?
Testing, inspection, and certification refer to a conformity analysis for operational efficacy; they catalyze research and development and innovation in new fields through verification and validation; and they establish mutual recognition to ease market access and assure the safety, integrity, and quality of goods and services through conformity evaluation and assurance in various industries.
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