What Has Been the Progress and Growth of the Testing, Inspection, And Certification Market in Recent Years?
The testing, inspection, and certification market has seen considerable growth due to a variety of factors.
• The market size for testing, inspection, and certification has seen consistent growth over the past few years. It is projected to rise from $227.58 billion in 2024 to $232.39 billion in 2025, with a compound annual growth rate (CAGR) of 2.1%.
Factors contributing to this growth during the historic period include insurance and financial prerequisites, commitment to social responsibility and ethical conduct, certification for energy efficiency, third-party authentication, and heightened intricacy of products.
What Can Be Expected from the Testing, Inspection, And Certification Market in the Coming Years?
The testing, inspection, and certification market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size for testing, inspection, and certification is predicted to experience robust growth. The market is expected to surge to $296.26 billion by 2029, achieving a compound annual growth rate (CAGR) of 6.3%.
The escalation during the forecasted period is linked to the rising demand for electronic and autonomous vehicle certification, worldwide efforts towards climate change mitigation, growing request for healthcare certification, increased attention towards cybersecurity testing, and expansion in e-commerce and supply chain certification. Future trends forecasted include the digital shift in tic, application of blockchain technology in certification, incorporation of sustainability and green certification, remote and virtual inspection services, and emphasis on health and safety certification.
What Main Forces Are Fueling Expansion In The Testing, Inspection, And Certification Market?
Expectations are high that the stringent regulations mandated by authorities to guarantee environmental safety and product quality will stimulate growth in the testing, inspection, and certification industry. The escalating risks to human existence and environmental effect are central concerns, compelling consumers to opt for reliable and top-notch products. Numerous global organizations are adopting safety testing, inspection, and certification protocols to address issues of product safety and quality in line with legislative policies. As of April 2023, an alteration was made to Regulation (EU) 2019/631 by the European Parliament and the Council, known as Regulation (EU) 2023/851. The amendment implies stricter CO2 emission norms for new light commercial and passenger vehicles. This modification is in line with the European Union's escalating climate objectives, affecting the emission standards that new automobiles, such as the one a consumer may own, must adhere to. Consequently, the firm regulatory standards set by the government are anticipated to propel the expansion of the testing, inspection, and certification sector.
What Are The Primary Segments In The Global 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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Which Key Trends Are Driving Changes In The Testing, Inspection, And Certification Market?
The rise of innovative technologies in the domain of testing, inspection, and certification products and services is a prime trend attributing to the growth of the testing, inspection, and certification market. Artificial intelligence is revolutionizing the way businesses operate across various industries, including testing, inspection, and certification. Automated inspection caters to the needs of areas that are physically difficult to inspect. In June 2023, DEKRA, a well-known inspection, verification, testing, and certification firm based in Germany, introduced the first phase of AI Testing and Certification services that include AI Advisory and Training, AI Audit, and AI Testing. These services are intended to aid businesses in ensuring the safety, reliability, and integrity of their AI-based products and services.
Who Are the Key Players 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 Is The Most Dominant Region In 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
