The Testing, Inspection, and Certification Market is expected to reach $143.3 billion, at a CAGR of 5.4% during the forecast period 2020-2027. The TIC sector consists of conformity assessment bodies that provide services ranging from auditing and inspection to testing, verification, quality assurance, and certification. TIC companies cater to a diverse range of industry sectors and a variety of standards and legislation. These range from agriculture, automotive, raw materials, IT and electronics, environmental protection, food testing, and oil and gas industries right through to maritime, medicine, education, tourism, logistics, consumer products, and more. The global testing, inspection, and certification market size is projected to reach USD 143,344.3 million by 2027 from an estimated USD 99,337.9 million in 2020, at a CAGR of 5.4% during the forecast period. This market’s growth is attributed to the strict regulatory standards imposed by governments and the rise in the illicit trade of forged & pirated goods. The surge in consumer awareness about food safety offers lucrative growth opportunities for the growth of the market. However, a lack of testing facilities and skilled resources can obstruct the market’s growth up to some extent.
Here are the top 10 companies operating in the Testing, Inspection, and Certification Market
SGS S.A. is the world’s leading inspection, verification, testing, and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 94,000 employees, the company operates a network of over 2,600 offices and laboratories worldwide. Their comprehensive range of world-leading inspection and verification services, such as checking the condition and weight of traded goods at transshipment, helps control quantity and quality and meet all relevant regulatory requirements across different regions and markets. The company operates in the market through nine business segments: Agriculture; Food & Life; Minerals; Oil, Gas, & Chemicals; Consumer & Retail; Certification & Business Enhancement; Industrial; Environment, Healthcare, & Safety; Transportation; and Government & Institution.
With its subsidiaries and strong distribution network, the company has its presence across the Americas, Europe, Africa, the Middle East, and Asia-Pacific. Some of its subsidiaries include SGS United Kingdom Ltd. (U.K.), SGS Australia (Australia), Ustav paliv a maziv, a.s. (Czechia), Vernolienne de Laboratoires SA (France), and Maine Pointe (U.S.).
Bureau Veritas S.A.
Bureau Veritas specializes in testing, inspection, and certification. The company operates in a variety of sectors, including Building & Infrastructure, Agri-food & Commodities, Marine & Offshore, Industry, Certification, and Consumer Products. The company operates in the market through six business segments: Agri-food & Commodities, Industry, Buildings & Infrastructure, Certification, Consumer Products, and Marine & Offshore.
With its subsidiaries and strong distribution network, the company has its presence across the Americas, Europe, Asia-Pacific, and the Middle East & Africa. Some of its subsidiaries include EMG Corporation, LCIE Bureau Veritas, Tecnicontrol S.A., and Primary Integration, LLC.
Intertek Group is a multinational assurance, inspection, testing, and certification company. The company delivers innovative and bespoke assurance, testing, inspection, and certification solutions for customers’ operations and supply chains. Intertek’s total quality assurance expertise, delivered consistently with precision, pace, and passion, enables its customers to power ahead safely. The company operates in the market through three business segments: Product, Trade, and Resources.
With its subsidiaries and strong distribution network, the company has its presence across the US, China (including Hong Kong), the U.K., and other countries. Some of its subsidiaries include Intertek Testing Services NA, Inc. (U.K.), Check Safety First Limited (U.K.), Architectural Testing (U.S.), and Professional Service Industries, Inc. (U.S.)
DEKRA SE ensures the safety of human interaction with technology and the environment. The company’s broad service portfolio with qualified and independent expert services ranges from vehicle inspection and expert appraisals to claims services, industrial and building inspections, safety consultancy, testing and certification of products and systems, as well as training courses and temporary work.
With its subsidiaries and strong distribution network, the company has its presence across China, the US, South Africa, and New Zealand. Some of the subsidiaries of Dekra SE include Dekra Akademie (Germany), behavioral science technology (U.S.), Core Visual Inspection Services, Inc (U.S.), and DEKRA Testing and Certification, S.A.U (Spain).
Eurofins Scientific SE
Eurofins Scientific is an international life sciences company, providing a unique range of analytical testing services to clients across multiple industries. Eurofins works with the biggest companies in the world to ensure the products they supply are safe, their ingredients are authentic, and their labeling is accurate. Eurofins is a global leader in food, environmental, pharmaceutical, and cosmetic product testing and in agro science CRO services. It is also one of the global independent market leaders in certain testing and laboratory services for genomics, discovery pharmacology, forensics, CDMO, advanced material sciences, and in support of clinical studies.
With its subsidiaries and a strong distribution network, the company has its presence across Europe, North America, and the Rest of the world. Some of the subsidiaries of Eurofins include Lancaster Laboratories (U.S.), DiscoveRx (U.S.), MET Laboratories, Inc. (U.S.), and Biomnis (France).
Meticulous Research in its latest publication on Testing, Inspection, and Certification Market has predicted the growth of 5.4% during the forecast year 2020-2027.
TÜV Rheinland AG Group
TÜV Rheinland AG Group is a global leader in independent inspection services. The company inspects technical equipment, products & services, oversees projects, and helps to shape processes and information security for companies. Its experts train people in a wide range of careers and industries. To this end, TÜV Rheinland employs a global network of approved labs and testing & education centers. Since 2006, TÜV Rheinland has been a member of the United Nations Global Compact to promote sustainability and combat corruption.
Some of its subsidiaries include TUV Rheinland of North America (U.S.), TUV Rheinland OpenSky (U.S.), TUV Rheinland UK Limited (Germany) and TUV Rheinland Secure IT GmbH (Germany).
DNV GL is a global provider of assurance services and one of the world’s leading certification bodies, assisting companies in a range of industries to improve their business performance. The company provides classification, technical assurance, software, and independent expert advisory services to the maritime, oil & gas, power, and renewables industries. They also provide certification and supply chain and data management services to customers across a wide range of industries.
With its subsidiaries and a strong distribution network, the company has its presence across the Nordic countries, Europe, Africa, Asia-Pacific, and North and South America. Some of its subsidiaries of DNV GL include GL Garrad Hassan Canada Inc. (Canada), DNV GL Singapore Pte Ltd. (Singapore), and GL Noble Denton (U.K.).
British Standards Institutions
The British Standards Institutions is the national standards body of the United Kingdom. BSI produces technical standards on a wide range of products and services and also supplies certification and standards-related services to businesses. The company is one of the world’s largest certification bodies. It audits and provides certification to companies worldwide that implement management systems standards. BSI also runs training courses that cover the implementation and auditing requirements of national and international management systems standards. The company operates through five business segments: Knowledge, Assurance Services, Regulatory Services, Professional Services, and Governance/Support Functions.
With its subsidiaries and a strong distribution network, the company has its presence across EMEA, the Americas, and Asia-Pacific. Some of its subsidiaries of BSI include BSI Group Japan K.K. (Japan), BSI EHS Services and Solutions (U.S.), AppSec Consulting (U.S.), and BSI Group America Inc. (U.S.).
TÜV SÜD is a global technical service provider committed to enabling progress by protecting people, the environment, and assets from technology-related risks. TÜV’s range of services covers certification & testing, inspection, auditing & system certification, knowledge services, and training. The company operates through three business segments: Industry, Mobility, and Certification.
With its subsidiaries and strong distribution network, the company has its presence across Europe, the Americas, and Asia. Some of the subsidiaries of TÜV SÜD include TÜV SÜD America Inc. (Germany), Bureau De Projetos E ConsultoriaLtda (Brazil), Uniscon universal identity control GmbH (Germany), and Global Risk Consultants (U.S.).
Applus+ is one of the world’s leading testing, inspection, and certification companies. It provides solutions for customers in all types of industries to ensure that their assets and products meet quality, health & safety, and environmental standards and regulations. The company operates through four business segments: Energy & Industry, Laboratories, Automotive, and IDIDA. The Automotive division is a leading global provider of statutory vehicle inspection services. This division provides vehicle inspection and certification services across a number of jurisdictions, where statutory vehicle inspections for compliance with technical safety and environmental specifications are a legal requirement.
With its subsidiaries and a strong distribution network, the company has its presence across the U.S, Canada, Latin America, Spain, the Middle East & Africa, and Asia-Pacific. Its subsidiaries include SKC Engineering Ltd. (Canada), QPS Evaluation Services Inc. (Canada), and Applus Servicios Tecnologicos SL (Spain).
Popular Mentions: Lloyd’s Register Group Limited , Mistras Group, Inc., Element Materials Technology, ALS, and UL LLC
Authoritative Research on the Testing, Inspection, and Certification Market – Global Opportunity Analysis and Industry Forecast (2020-2027)
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