Global Testing, Inspection, and Certification (TIC) Industry

Global Testing, Inspection, and Certification (TIC) Market to Reach $272. 2 Billion by 2027. Amid the COVID-19 crisis, the global market for Testing, Inspection, and Certification (TIC) estimated at US$197.

New York, Dec. 28, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Testing, Inspection, and Certification (TIC) Industry" - https://www.reportlinker.com/p05960267/?utm_source=GNW
1 Billion in the year 2020, is projected to reach a revised size of US$272.2 Billion by 2027, growing at a CAGR of 4.7% over the analysis period 2020-2027. Testing Services, one of the segments analyzed in the report, is projected to record a 4.3% CAGR and reach US$130.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Inspection Services segment is readjusted to a revised 5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $58.1 Billion, While China is Forecast to Grow at 4.5% CAGR

The Testing, Inspection, and Certification (TIC) market in the U.S. is estimated at US$58.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$48.4 Billion by the year 2027 trailing a CAGR of 4.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.

Certification Services Segment to Record 5.8% CAGR

In the global Certification Services segment, USA, Canada, Japan, China and Europe will drive the 5.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$25.9 Billion in the year 2020 will reach a projected size of US$38.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$30.5 Billion by the year 2027.We bring years of research experience to this 5th edition of our report. The 235-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,

• ALS Ltd.

• Applus+ Servicios Tecnologicos, S.L

• Avomeen Analytical Services

• Bureau Veritas SA

• Dekra SE

• DNV GL Group

• Element Materials Technology

• Envigo, Inc.

• Eurofins Scientific SE

• Intertek Group PLC

• Lloyd’s Register Group Limited

• Medistri SA

• Mistras Group, Inc.

• SGS Group (SGS SA)

• Tuv Nord Group

• TUV Rheinland AG

• Tuv Sud AG

• UL LLC (Underwriters Laboratories)

Read the full report: https://www.reportlinker.com/p05960267/?utm_source=GNW

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Global Competitor Market Shares
Testing, Inspection, and Certification (TIC) Competitor Market
Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE
Table 1: Testing, Inspection, and Certification (TIC) Global
Market Estimates and Forecasts in US$ Million by
Region/Country: 2020-2027

Table 2: Testing, Inspection, and Certification (TIC) Global
Retrospective Market Scenario in US$ Million by Region/Country:
2012-2019

Table 3: Testing, Inspection, and Certification (TIC) Market
Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS
2027

Table 4: Testing Services (Service Type) World Market by
Region/Country in US$ Million: 2020 to 2027

Table 5: Testing Services (Service Type) Historic Market
Analysis by Region/Country in US$ Million: 2012 to 2019

Table 6: Testing Services (Service Type) Market Share Breakdown
of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027

Table 7: Inspection Services (Service Type) Potential Growth
Markets Worldwide in US$ Million: 2020 to 2027

Table 8: Inspection Services (Service Type) Historic Market
Perspective by Region/Country in US$ Million: 2012 to 2019

Table 9: Inspection Services (Service Type) Market Sales
Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027

Table 10: Certification Services (Service Type) Geographic
Market Spread Worldwide in US$ Million: 2020 to 2027

Table 11: Certification Services (Service Type) Region Wise
Breakdown of Global Historic Demand in US$ Million: 2012 to
2019

Table 12: Certification Services (Service Type) Market Share
Distribution in Percentage by Region/Country: 2012 VS 2020 VS
2027

Table 13: Other Service Types (Service Type) World Market
Estimates and Forecasts by Region/Country in US$ Million: 2020
to 2027

Table 14: Other Service Types (Service Type) Market Historic
Review by Region/Country in US$ Million: 2012 to 2019

Table 15: Other Service Types (Service Type) Market Share
Breakdown by Region/Country: 2012 VS 2020 VS 2027

Table 16: In-House (Sourcing Type) World Market by
Region/Country in US$ Million: 2020 to 2027

Table 17: In-House (Sourcing Type) Historic Market Analysis by
Region/Country in US$ Million: 2012 to 2019

Table 18: In-House (Sourcing Type) Market Share Distribution in
Percentage by Region/Country: 2012 VS 2020 VS 2027

Table 19: Outsourced (Sourcing Type) World Market Estimates and
Forecasts in US$ Million by Region/Country: 2020 to 2027

Table 20: Outsourced (Sourcing Type) Market Worldwide Historic
Review by Region/Country in US$ Million: 2012 to 2019

Table 21: Outsourced (Sourcing Type) Market Percentage Share
Distribution by Region/Country: 2012 VS 2020 VS 2027

Table 22: Consumer Goods & Retail (Application) Global
Opportunity Assessment in US$ Million by Region/Country:
2020-2027

Table 23: Consumer Goods & Retail (Application) Historic Sales
Analysis in US$ Million by Region/Country: 2012-2019

Table 24: Consumer Goods & Retail (Application) Percentage
Share Breakdown of Global Sales by Region/Country: 2012 VS 2020
VS 2027

Table 25: Agriculture & Food (Application) Worldwide Sales in
US$ Million by Region/Country: 2020-2027

Table 26: Agriculture & Food (Application) Historic Demand
Patterns in US$ Million by Region/Country: 2012-2019

Table 27: Agriculture & Food (Application) Market Share Shift
across Key Geographies: 2012 VS 2020 VS 2027

Table 28: Chemicals (Application) Global Market Estimates &
Forecasts in US$ Million by Region/Country: 2020-2027

Table 29: Chemicals (Application) Retrospective Demand Analysis
in US$ Million by Region/Country: 2012-2019

Table 30: Chemicals (Application) Market Share Breakdown by
Region/Country: 2012 VS 2020 VS 2027

Table 31: Transportation (Application) Demand Potential
Worldwide in US$ Million by Region/Country: 2020-2027

Table 32: Transportation (Application) Historic Sales Analysis
in US$ Million by Region/Country: 2012-2019

Table 33: Transportation (Application) Share Breakdown Review
by Region/Country: 2012 VS 2020 VS 2027

Table 34: Other Applications (Application) Worldwide Latent
Demand Forecasts in US$ Million by Region/Country: 2020-2027

Table 35: Other Applications (Application) Global Historic
Analysis in US$ Million by Region/Country: 2012-2019

Table 36: Other Applications (Application) Distribution of
Global Sales by Region/Country: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
Market Facts & Figures
US Testing, Inspection, and Certification (TIC) Market Share:
( in %) by Company: 2019 & 2025
Market Analytics
Table 37: United States Testing, Inspection, and Certification
(TIC) Market Estimates and Projections in US$ Million by
Service Type: 2020 to 2027

Table 38: Testing, Inspection, and Certification (TIC) Market
in the United States by Service Type: A Historic Review in US$
Million for 2012-2019

Table 39: United States Testing, Inspection, and Certification
(TIC) Market Share Breakdown by Service Type: 2012 VS 2020 VS
2027

Table 40: United States Testing, Inspection, and Certification
(TIC) Market Estimates and Projections in US$ Million by
Sourcing Type: 2020 to 2027

Table 41: Testing, Inspection, and Certification (TIC) Market
in the United States by Sourcing Type: A Historic Review in US$
Million for 2012-2019

Table 42: United States Testing, Inspection, and Certification
(TIC) Market Share Breakdown by Sourcing Type: 2012 VS 2020 VS
2027

Table 43: United States Testing, Inspection, and Certification
(TIC) Latent Demand Forecasts in US$ Million by Application:
2020 to 2027

Table 44: Testing, Inspection, and Certification (TIC) Historic
Demand Patterns in the United States by Application in US$
Million for 2012-2019

Table 45: Testing, Inspection, and Certification (TIC) Market
Share Breakdown in the United States by Application: 2012 VS
2020 VS 2027

CANADA
Table 46: Canadian Testing, Inspection, and Certification (TIC)
Market Estimates and Forecasts in US$ Million by Service Type:
2020 to 2027

Table 47: Canadian Testing, Inspection, and Certification (TIC)
Historic Market Review by Service Type in US$ Million:
2012-2019

Table 48: Testing, Inspection, and Certification (TIC) Market
in Canada: Percentage Share Breakdown of Sales by Service Type
for 2012, 2020, and 2027

Table 49: Canadian Testing, Inspection, and Certification (TIC)
Market Estimates and Forecasts in US$ Million by Sourcing Type:
2020 to 2027

Table 50: Canadian Testing, Inspection, and Certification (TIC)
Historic Market Review by Sourcing Type in US$ Million:
2012-2019

Table 51: Testing, Inspection, and Certification (TIC) Market
in Canada: Percentage Share Breakdown of Sales by Sourcing Type
for 2012, 2020, and 2027

Table 52: Canadian Testing, Inspection, and Certification (TIC)
Market Quantitative Demand Analysis in US$ Million by
Application: 2020 to 2027

Table 53: Testing, Inspection, and Certification (TIC) Market
in Canada: Summarization of Historic Demand Patterns in US$
Million by Application for 2012-2019

Table 54: Canadian Testing, Inspection, and Certification (TIC)
Market Share Analysis by Application: 2012 VS 2020 VS 2027

JAPAN
Table 55: Japanese Market for Testing, Inspection, and
Certification (TIC): Annual Sales Estimates and Projections in
US$ Million by Service Type for the Period 2020-2027

Table 56: Testing, Inspection, and Certification (TIC) Market
in Japan: Historic Sales Analysis in US$ Million by Service
Type for the Period 2012-2019

Table 57: Japanese Testing, Inspection, and Certification (TIC)
Market Share Analysis by Service Type: 2012 VS 2020 VS 2027

Table 58: Japanese Market for Testing, Inspection, and
Certification (TIC): Annual Sales Estimates and Projections in
US$ Million by Sourcing Type for the Period 2020-2027

Table 59: Testing, Inspection, and Certification (TIC) Market
in Japan: Historic Sales Analysis in US$ Million by Sourcing
Type for the Period 2012-2019

Table 60: Japanese Testing, Inspection, and Certification (TIC)
Market Share Analysis by Sourcing Type: 2012 VS 2020 VS 2027

Table 61: Japanese Demand Estimates and Forecasts for Testing,
Inspection, and Certification (TIC) in US$ Million by
Application: 2020 to 2027

Table 62: Japanese Testing, Inspection, and Certification (TIC)
Market in US$ Million by Application: 2012-2019

Table 63: Testing, Inspection, and Certification (TIC) Market
Share Shift in Japan by Application: 2012 VS 2020 VS 2027

CHINA
Table 64: Chinese Testing, Inspection, and Certification (TIC)
Market Growth Prospects in US$ Million by Service Type for the
Period 2020-2027

Table 65: Testing, Inspection, and Certification (TIC) Historic
Market Analysis in China in US$ Million by Service Type:
2012-2019

Table 66: Chinese Testing, Inspection, and Certification (TIC)
Market by Service Type: Percentage Breakdown of Sales for 2012,
2020, and 2027

Table 67: Chinese Testing, Inspection, and Certification (TIC)
Market Growth Prospects in US$ Million by Sourcing Type for the
Period 2020-2027

Table 68: Testing, Inspection, and Certification (TIC) Historic
Market Analysis in China in US$ Million by Sourcing Type:
2012-2019

Table 69: Chinese Testing, Inspection, and Certification (TIC)
Market by Sourcing Type: Percentage Breakdown of Sales for
2012, 2020, and 2027

Table 70: Chinese Demand for Testing, Inspection, and
Certification (TIC) in US$ Million by Application: 2020 to 2027

Table 71: Testing, Inspection, and Certification (TIC) Market
Review in China in US$ Million by Application: 2012-2019

Table 72: Chinese Testing, Inspection, and Certification (TIC)
Market Share Breakdown by Application: 2012 VS 2020 VS 2027

EUROPE
Market Facts & Figures
European Testing, Inspection, and Certification (TIC) Market:
Competitor Market Share Scenario (in %) for 2019 & 2025
Market Analytics
Table 73: European Testing, Inspection, and Certification (TIC)
Market Demand Scenario in US$ Million by Region/Country:
2020-2027

Table 74: Testing, Inspection, and Certification (TIC) Market
in Europe: A Historic Market Perspective in US$ Million by
Region/Country for the Period 2012-2019

Table 75: European Testing, Inspection, and Certification (TIC)
Market Share Shift by Region/Country: 2012 VS 2020 VS 2027

Table 76: European Testing, Inspection, and Certification (TIC)
Market Estimates and Forecasts in US$ Million by Service Type:
2020-2027

Table 77: Testing, Inspection, and Certification (TIC) Market
in Europe in US$ Million by Service Type: A Historic Review for
the Period 2012-2019

Table 78: European Testing, Inspection, and Certification (TIC)
Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027

Table 79: European Testing, Inspection, and Certification (TIC)
Market Estimates and Forecasts in US$ Million by Sourcing Type:
2020-2027

Table 80: Testing, Inspection, and Certification (TIC) Market
in Europe in US$ Million by Sourcing Type: A Historic Review
for the Period 2012-2019

Table 81: European Testing, Inspection, and Certification (TIC)
Market Share Breakdown by Sourcing Type: 2012 VS 2020 VS 2027

Table 82: European Testing, Inspection, and Certification (TIC)
Addressable Market Opportunity in US$ Million by Application:
2020-2027

Table 83: Testing, Inspection, and Certification (TIC) Market
in Europe: Summarization of Historic Demand in US$ Million by
Application for the Period 2012-2019

Table 84: European Testing, Inspection, and Certification (TIC)
Market Share Analysis by Application: 2012 VS 2020 VS 2027

FRANCE
Table 85: Testing, Inspection, and Certification (TIC) Market
in France by Service Type: Estimates and Projections in US$
Million for the Period 2020-2027

Table 86: French Testing, Inspection, and Certification (TIC)
Historic Market Scenario in US$ Million by Service Type:
2012-2019

Table 87: French Testing, Inspection, and Certification (TIC)
Market Share Analysis by Service Type: 2012 VS 2020 VS 2027

Table 88: Testing, Inspection, and Certification (TIC) Market
in France by Sourcing Type: Estimates and Projections in US$
Million for the Period 2020-2027

Table 89: French Testing, Inspection, and Certification (TIC)
Historic Market Scenario in US$ Million by Sourcing Type:
2012-2019

Table 90: French Testing, Inspection, and Certification (TIC)
Market Share Analysis by Sourcing Type: 2012 VS 2020 VS 2027

Table 91: Testing, Inspection, and Certification (TIC)
Quantitative Demand Analysis in France in US$ Million by
Application: 2020-2027

Table 92: French Testing, Inspection, and Certification (TIC)
Historic Market Review in US$ Million by Application: 2012-2019

Table 93: French Testing, Inspection, and Certification (TIC)
Market Share Analysis: A 17-Year Perspective by Application for
2012, 2020, and 2027

GERMANY
Table 94: Testing, Inspection, and Certification (TIC) Market
in Germany: Recent Past, Current and Future Analysis in US$
Million by Service Type for the Period 2020-2027

Table 95: German Testing, Inspection, and Certification (TIC)
Historic Market Analysis in US$ Million by Service Type:
2012-2019

Table 96: German Testing, Inspection, and Certification (TIC)
Market Share Breakdown by Service Type: 2012 VS 2020 VS 2027

Table 97: Testing, Inspection, and Certification (TIC) Market
in Germany: Recent Past, Current and Future Analysis in US$
Million by Sourcing Type for the Period 2020-2027

Table 98: German Testing, Inspection, and Certification (TIC)
Historic Market Analysis in US$ Million by Sourcing Type:
2012-2019

Table 99: German Testing, Inspection, and Certification (TIC)
Market Share Breakdown by Sourcing Type: 2012 VS 2020 VS 2027

Table 100: Testing, Inspection, and Certification (TIC) Market
in Germany: Annual Sales Estimates and Forecasts in US$ Million
by Application for the Period 2020-2027

Table 101: German Testing, Inspection, and Certification (TIC)
Market in Retrospect in US$ Million by Application: 2012-2019

Table 102: Testing, Inspection, and Certification (TIC) Market
Share Distribution in Germany by Application: 2012 VS 2020 VS
2027

ITALY
Table 103: Italian Testing, Inspection, and Certification (TIC)
Market Growth Prospects in US$ Million by Service Type for the
Period 2020-2027

Table 104: Testing, Inspection, and Certification (TIC)
Historic Market Analysis in Italy in US$ Million by Service
Type: 2012-2019

Table 105: Italian Testing, Inspection, and Certification (TIC)
Market by Service Type: Percentage Breakdown of Sales for 2012,
2020, and 2027

Table 106: Italian Testing, Inspection, and Certification (TIC)
Market Growth Prospects in US$ Million by Sourcing Type for the
Period 2020-2027

Table 107: Testing, Inspection, and Certification (TIC)
Historic Market Analysis in Italy in US$ Million by Sourcing
Type: 2012-2019

Table 108: Italian Testing, Inspection, and Certification (TIC)
Market by Sourcing Type: Percentage Breakdown of Sales for
2012, 2020, and 2027

Table 109: Italian Demand for Testing, Inspection, and
Certification (TIC) in US$ Million by Application: 2020 to 2027

Table 110: Testing, Inspection, and Certification (TIC) Market
Review in Italy in US$ Million by Application: 2012-2019

Table 111: Italian Testing, Inspection, and Certification (TIC)
Market Share Breakdown by Application: 2012 VS 2020 VS 2027

UNITED KINGDOM
Table 112: United Kingdom Market for Testing, Inspection, and
Certification (TIC): Annual Sales Estimates and Projections in
US$ Million by Service Type for the Period 2020-2027

Table 113: Testing, Inspection, and Certification (TIC) Market
in the United Kingdom: Historic Sales Analysis in US$ Million
by Service Type for the Period 2012-2019

Table 114: United Kingdom Testing, Inspection, and
Certification (TIC) Market Share Analysis by Service Type: 2012
VS 2020 VS 2027

Table 115: United Kingdom Market for Testing, Inspection, and
Certification (TIC): Annual Sales Estimates and Projections in
US$ Million by Sourcing Type for the Period 2020-2027

Table 116: Testing, Inspection, and Certification (TIC) Market
in the United Kingdom: Historic Sales Analysis in US$ Million
by Sourcing Type for the Period 2012-2019

Table 117: United Kingdom Testing, Inspection, and
Certification (TIC) Market Share Analysis by Sourcing Type:
2012 VS 2020 VS 2027

Table 118: United Kingdom Demand Estimates and Forecasts for
Testing, Inspection, and Certification (TIC) in US$ Million by
Application: 2020 to 2027

Table 119: United Kingdom Testing, Inspection, and
Certification (TIC) Market in US$ Million by Application:
2012-2019

Table 120: Testing, Inspection, and Certification (TIC) Market
Share Shift in the United Kingdom by Application: 2012 VS 2020
VS 2027

REST OF EUROPE
Table 121: Rest of Europe Testing, Inspection, and
Certification (TIC) Market Estimates and Forecasts in US$
Million by Service Type: 2020-2027

Table 122: Testing, Inspection, and Certification (TIC) Market
in Rest of Europe in US$ Million by Service Type: A Historic
Review for the Period 2012-2019

Table 123: Rest of Europe Testing, Inspection, and
Certification (TIC) Market Share Breakdown by Service Type:
2012 VS 2020 VS 2027

Table 124: Rest of Europe Testing, Inspection, and
Certification (TIC) Market Estimates and Forecasts in US$
Million by Sourcing Type: 2020-2027

Table 125: Testing, Inspection, and Certification (TIC) Market
in Rest of Europe in US$ Million by Sourcing Type: A Historic
Review for the Period 2012-2019

Table 126: Rest of Europe Testing, Inspection, and
Certification (TIC) Market Share Breakdown by Sourcing Type:
2012 VS 2020 VS 2027

Table 127: Rest of Europe Testing, Inspection, and
Certification (TIC) Addressable Market Opportunity in US$
Million by Application: 2020-2027

Table 128: Testing, Inspection, and Certification (TIC) Market
in Rest of Europe: Summarization of Historic Demand in US$
Million by Application for the Period 2012-2019

Table 129: Rest of Europe Testing, Inspection, and
Certification (TIC) Market Share Analysis by Application: 2012
VS 2020 VS 2027

ASIA-PACIFIC
Table 130: Testing, Inspection, and Certification (TIC) Market
in Asia-Pacific by Service Type: Estimates and Projections in
US$ Million for the Period 2020-2027

Table 131: Asia-Pacific Testing, Inspection, and Certification
(TIC) Historic Market Scenario in US$ Million by Service Type:
2012-2019

Table 132: Asia-Pacific Testing, Inspection, and Certification
(TIC) Market Share Analysis by Service Type: 2012 VS 2020 VS
2027

Table 133: Testing, Inspection, and Certification (TIC) Market
in Asia-Pacific by Sourcing Type: Estimates and Projections in
US$ Million for the Period 2020-2027

Table 134: Asia-Pacific Testing, Inspection, and Certification
(TIC) Historic Market Scenario in US$ Million by Sourcing Type:
2012-2019

Table 135: Asia-Pacific Testing, Inspection, and Certification
(TIC) Market Share Analysis by Sourcing Type: 2012 VS 2020 VS
2027

Table 136: Testing, Inspection, and Certification (TIC)
Quantitative Demand Analysis in Asia-Pacific in US$ Million by
Application: 2020-2027

Table 137: Asia-Pacific Testing, Inspection, and Certification
(TIC) Historic Market Review in US$ Million by Application:
2012-2019

Table 138: Asia-Pacific Testing, Inspection, and Certification
(TIC) Market Share Analysis: A 17-Year Perspective by
Application for 2012, 2020, and 2027

REST OF WORLD
Table 139: Rest of World Testing, Inspection, and Certification
(TIC) Market Estimates and Forecasts in US$ Million by Service
Type: 2020 to 2027

Table 140: Rest of World Testing, Inspection, and Certification
(TIC) Historic Market Review by Service Type in US$ Million:
2012-2019

Table 141: Testing, Inspection, and Certification (TIC) Market
in Rest of World: Percentage Share Breakdown of Sales by
Service Type for 2012, 2020, and 2027

Table 142: Rest of World Testing, Inspection, and Certification
(TIC) Market Estimates and Forecasts in US$ Million by Sourcing
Type: 2020 to 2027

Table 143: Rest of World Testing, Inspection, and Certification
(TIC) Historic Market Review by Sourcing Type in US$ Million:
2012-2019

Table 144: Testing, Inspection, and Certification (TIC) Market
in Rest of World: Percentage Share Breakdown of Sales by
Sourcing Type for 2012, 2020, and 2027

Table 145: Rest of World Testing, Inspection, and Certification
(TIC) Market Quantitative Demand Analysis in US$ Million by
Application: 2020 to 2027

Table 146: Testing, Inspection, and Certification (TIC) Market
in Rest of World: Summarization of Historic Demand Patterns in
US$ Million by Application for 2012-2019

Table 147: Rest of World Testing, Inspection, and Certification
(TIC) Market Share Analysis by Application: 2012 VS 2020 VS
2027

IV. COMPETITION
Total Companies Profiled: 46
Read the full report: https://www.reportlinker.com/p05960267/?utm_source=GNW

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