North America Testing, Inspection, and Certification (TIC) Market Size, Trends and Insights By Service Type (Testing, Inspection, Certification), By Sourcing Type (In-house, Outsourced), By Application (Automotive, Aerospace, Consumer Goods, Healthcare and Pharmaceuticals, Energy and Utilities, Construction, Oil and Gas, Environmental), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI23772

Published Date: May 2023

Pages: 220+

Category: Technology

Report Snapshot

CAGR: 4%
373.72B
2022
389.54B
2023
531.93B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: North America
Largest Market: North America

Major Players

  • SGS SA
  • Bureau Veritas SA
  • Intertek Group plc
  • TUV SUD AG
  • Dekra SE
  • UL LLC
  • Others

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Reports Description

As per the current market research conducted by CMI Market Research Team, the global North America Testing, Inspection, and Certification (TIC) market is expected to record a CAGR of 4% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 373.72 billion. By 2032, the valuation is anticipated to reach USD 531.93 billion.

The Testing, Inspection, and Certification (TIC) market refers to the industry involved in providing services related to the testing, inspection, and certification of various products, systems, and processes. TIC companies offer expertise and resources to ensure that products, materials, equipment, and systems comply with regulatory standards, industry-specific requirements, and quality and safety standards. This market serves a wide range of industries such as automotive, aerospace, construction, consumer goods, healthcare, oil and gas, and many others. The services provided by TIC companies help businesses mitigate risks, ensure compliance, enhance product quality, and build trust with customers and stakeholders.

North America Testing, Inspection, and Certification (TIC) Market – Significant Growth Factors

The North America Testing, Inspection, and Certification (TIC) market presents significant growth opportunities due to several factors:

  • Stringent Regulations: North America has stringent regulations and standards across various industries, including automotive, aerospace, healthcare, and consumer goods. The need for compliance with these regulations creates a high demand for TIC services.
  • Increasing Focus on Quality and Safety: There is a growing emphasis on quality and safety in North America. Businesses are increasingly recognizing the importance of ensuring that their products and processes meet the highest standards. TIC companies play a vital role in verifying and certifying compliance, driving the market growth.
  • Emerging Technologies: Advancements in technology, such as the Internet of Things (IoT), artificial intelligence, and blockchain, are creating new testing and certification requirements. TIC companies are adapting their services to cater to these emerging technologies, opening up new growth avenues.
  • Market Expansion: With the expansion of industries such as renewable energy, electric vehicles, and medical devices, the demand for TIC services is on the rise. These industries require thorough testing, inspection, and certification to ensure safety, reliability, and compliance.
  • Outsourcing Trend: Many companies in North America are outsourcing their testing and certification needs to specialized TIC service providers. This trend is driven by cost-effectiveness, access to expertise, and the ability to focus on core business operations. It contributes to the growth of the TIC market.
  • Consumer Awareness and Product Safety: Consumers in North America are increasingly conscious of product safety, quality, and environmental impact. They rely on certifications and labels to make informed purchasing decisions. TIC services help businesses demonstrate compliance and gain consumer trust, driving market growth.

Overall, the North America Testing, Inspection, and Certification market is poised for significant growth as industries prioritize compliance, quality, and safety, while technological advancements and changing consumer expectations create new opportunities for TIC service providers.

North America Testing, Inspection, and Certification (TIC) Market – Mergers and Acquisitions

The North America Testing, Inspection, and Certification (TIC) market has witnessed various mergers and acquisitions, leading to consolidation and strategic partnerships among key players. Some notable mergers and acquisitions in the market include:

  • SGS SA’s Acquisition of Herguth Laboratories: In 2021, SGS SA, one of the leading TIC companies, acquired Herguth Laboratories, a provider of testing and certification services for the food and agricultural sectors in North America. This acquisition aimed to expand SGS’s capabilities and strengthen its position in the region.
  • Bureau Veritas SA’s Acquisition of Shenzhen Total-Test: In 2020, Bureau Veritas SA, a global TIC company, acquired Shenzhen Total-Test, a Chinese company specializing in testing, inspection, and certification services. This acquisition expanded Bureau Veritas’ presence and capabilities in the North American market.
  • ALS Limited’s Acquisition of Truesdail Laboratories: ALS Limited, a global TIC company, acquired Truesdail Laboratories in 2019. Truesdail Laboratories was a prominent provider of testing and certification services in the United States. This acquisition enabled ALS Limited to enhance its service offerings and strengthen its market position in North America.
  • Element Materials Technology’s Acquisition of Exova Group: In 2017, Element Materials Technology, a leading provider of testing, inspection, and certification services, acquired Exova Group. This merger created one of the largest TIC companies globally, with an expanded presence in North America and enhanced capabilities across multiple industries.

These mergers and acquisitions reflect the strategic efforts of TIC companies to expand their service portfolios, geographical reach, and customer base in the North American market. Such consolidations help companies leverage synergies, enhance competitiveness, and provide a comprehensive range of TIC solutions to meet the evolving needs of industries and regulations.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

North America Testing, Inspection, and Certification (TIC) Market Global Refurbished Smartphone Market Global Testing, Inspection and Certification TIC Market
CAGR 4% (Approx) CAGR 11.2%

(Approx)

5.5%

(Approx)

USD 531.93 Billion by 2032 USD 602 Billion by 2032 USD 304.5 Billion by 2032

North America Testing, Inspection, and Certification (TIC) Market – Significant Threats

While the North America Testing, Inspection, and Certification (TIC) market offers growth opportunities, there are also significant threats that could impact its growth and stability. Some notable threats in the market include:

  • Economic Downturn: Economic downturns or recessions can have a negative impact on the TIC market. During challenging economic times, businesses may reduce their spending on testing, inspection, and certification services, leading to a slowdown in demand.
  • Regulatory Changes: Changes in regulations and standards can pose a threat to the TIC market. New regulations or modifications to existing ones may require businesses to adapt their testing and certification processes, which could lead to uncertainties and additional compliance costs.
  • Intense Competition: The TIC market is highly competitive, with several key players vying for market share. Intense competition can result in pricing pressures, reduced profit margins, and the need for continuous investments in innovation and service differentiation.
  • Technological Disruptions: Technological advancements and disruptions can impact the TIC market. For example, automation, robotics, and AI-enabled testing solutions could potentially replace certain manual testing and inspection processes, leading to changes in service requirements and potential job displacement.
  • Data Security and Privacy Concerns: TIC companies deal with sensitive data and information during their testing and certification processes. Any security breaches or data privacy issues could erode trust in the market and result in reputational damage for the companies involved.
  • In-house Testing Capabilities: Some large corporations may develop their in-house testing capabilities to reduce costs and increase control over their quality assurance processes. This trend can potentially reduce the demand for external TIC services.
  • Global Pandemics or Health Crises: Unforeseen events such as pandemics or health crises can significantly disrupt the TIC market. These situations may lead to temporary closures of testing facilities, supply chain disruptions, reduced consumer demand, and overall economic uncertainties.

It is important for TIC companies to proactively address these threats by staying updated on industry trends, investing in technological advancements, adapting to changing regulations and differentiating their services to maintain a competitive edge in the market.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 389.54 Billion
Projected Market Size in 2032 USD 531.93 Billion
Market Size in 2022 USD 373.72 Billion
CAGR Growth Rate 4% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Service Type, Sourcing Type, Application, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Service Type:

Testing:

  • Testing services involve the examination and analysis of products, materials, or systems to ensure they meet specified requirements, standards, or performance criteria.
  • The testing segment encompasses various types such as materials testing, product performance testing, environmental testing, chemical analysis, mechanical testing, electrical testing, and more.
  • Industries that heavily rely on testing services include automotive, aerospace, electronics, healthcare, construction, and consumer goods.

Inspection:

  • Inspection services involve the visual examination, assessment, and verification of products, processes, or facilities to ensure they comply with regulations, standards, and quality requirements.
  • Inspection can cover various areas such as product quality inspections, safety inspections, facility inspections, supply chain inspections, and regulatory compliance inspections.
  • Industries that commonly require inspection services include manufacturing, energy, construction, food and beverages, oil and gas, and transportation.

Certification:

  • Certification services involve the evaluation and verification of compliance with specific standards, regulations, or industry-specific requirements.
  • Certification provides an official recognition or seal of approval, indicating that a product, process, or system meets the required standards.
  • Common types of certification in the TIC market include quality management systems certification (e.g., ISO 9001), environmental management systems certification (e.g., ISO 14001), product safety certifications, compliance certifications, and more.
  • Various industries seek certification services to demonstrate their commitment to quality, safety, environmental sustainability, and regulatory compliance.

North America Testing, Inspection, and Certification (TIC) Market (By Billion)

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Sourcing Type:

  • In-house: Refers to companies that perform testing, inspection, and certification activities internally within their own facilities using their own resources and expertise.
  • Outsourced: Refers to companies that outsource their TIC needs to specialized external service providers. These providers offer expertise, equipment, and resources to conduct the required testing, inspection, and certification activities.

Application:

The TIC market caters to various industries and sectors, each with its specific testing, inspection, and certification requirements. Some key application areas include:

  • Automotive: Testing and certification of automotive components, vehicles, and systems to ensure safety, performance, and compliance with regulatory standards.
  • Aerospace: Testing and inspection of aircraft components, systems, and structures for safety, reliability, and compliance with aviation regulations.
  • Consumer Goods: Testing and certification of consumer products such as electronics, toys, textiles, and furniture to ensure quality, safety, and compliance with industry standards and regulations.
  • Healthcare and Pharmaceuticals: Testing and certification of medical devices, pharmaceuticals, and healthcare facilities to ensure safety, efficacy, and compliance with regulatory requirements.
  • Energy and Utilities: Inspection and certification of energy infrastructure, power plants, renewable energy systems, and utility equipment to ensure safety, efficiency, and compliance with industry standards.
  • Construction: Testing and inspection of construction materials, buildings, and structures to ensure quality, safety, and compliance with construction codes and regulations.
  • Oil and Gas: Testing, inspection, and certification of equipment, pipelines, and facilities related to the oil and gas industry to ensure safety, integrity, and compliance with industry regulations.
  • Environmental: Testing and certification of environmental parameters, such as air quality, water quality, soil contamination, and emissions, to ensure compliance with environmental regulations.

North America Testing, Inspection, and Certification (TIC) Market – Regional Analysis

The North America Testing, Inspection, and Certification (TIC) market can be analyzed based on regional factors. Here is a regional analysis of the market:

United States:

  • The United States is the largest market for TIC services in North America, driven by its robust industrial base and stringent regulatory requirements across various industries.
  • Key sectors such as automotive, aerospace, healthcare, consumer goods, and energy have a high demand for TIC services to ensure compliance, safety, and quality.
  • The presence of major TIC companies, advanced infrastructure, and a focus on technological advancements contribute to market growth in the United States.

Canada:

  • Canada has a well-developed TIC market, primarily driven by industries such as oil and gas, mining, automotive, construction, and healthcare.
  • The country’s strong regulatory framework, emphasis on product safety, and quality standards fuel the demand for TIC services.
  • TIC companies in Canada offer a wide range of services, including environmental testing, inspection of energy infrastructure, product certification, and more.

Mexico:

  • Mexico’s TIC market is experiencing significant growth due to its expanding manufacturing sector, particularly in the automotive, electronics, and aerospace industries.
  • The country’s proximity to the United States and its participation in various trade agreements contribute to its importance as a hub for manufacturing and exports, driving the need for TIC services.
  • TIC companies in Mexico offer services such as quality control, safety inspections, and compliance certification to support the manufacturing sector.

North America Testing, Inspection, and Certification (TIC) Market (By Service Type)

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Competitive Landscape – North America Testing, Inspection, and Certification (TIC) Market

The competitive landscape of the North America Testing, Inspection, and Certification (TIC) market is characterized by the presence of several key players offering a wide range of services. Here are some prominent companies in the market:

SGS SA:

  • SGS SA is a leading global TIC company with a strong presence in North America.
  • The company offers comprehensive testing, inspection, and certification services across various industries, including automotive, aerospace, consumer goods, and healthcare.

Bureau Veritas SA:

  • Bureau Veritas SA is another major player in the North America TIC market.
  • The company provides testing, inspection, and certification services across industries such as automotive, oil and gas, construction, and consumer products.

Intertek Group plc:

  • Intertek Group plc is a prominent TIC company operating in North America.
  • The company offers a wide range of services, including product testing, inspection, certification, and auditing, across industries such as automotive, chemicals, and electrical and electronic products.

TÜV SÜD AG:

  • TÜV SÜD AG is a globally recognized TIC company operating in North America.
  • The company provides testing, inspection, and certification services primarily in the automotive, energy, and industrial sectors.

Dekra SE:

  • Dekra SE is a significant player in the North America TIC market.
  • The company offers testing, inspection, and certification services across industries such as automotive, construction, industrial manufacturing, and electrical and electronics.

These companies, along with other regional and local TIC service providers, compete in the North American market by offering specialized expertise, advanced testing capabilities, customer-centric solutions, and compliance with industry standards and regulations. The competitive landscape is dynamic, with mergers, acquisitions, and strategic partnerships being common strategies employed by these companies to strengthen their market position and expand their service offerings.

North America Testing, Inspection, and Certification (TIC) Market (By Sourcing Type)

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The North America TIC Market is segmented as follows:

By Service Type         

  • Testing
  • Inspection
  • Certification

By Sourcing Type

  • In House
  • Outsource

By Application           

  • Quality and Safety
  • Production Evaluation
  • Industrial Inspection
  • System Certification
  • Others

By Industry Vertical  

  • Food Industry
  • Pharmaceuticals
  • Chemical Industry
  • Consumer Goods & Retail
  • Agriculture & Food
  • Infrastructure
  • Energy & Power
  • Education
  • Government
  • Manufacturing
  • Healthcare
  • Mining
  • Oil & Gas And Petroleum
  • Public Sector
  • Automotive
  • Aerospace & Defense
  • Supply Chain & Logistics
  • Others

By Application

  • Automotive
  • Aerospace
  • Consumer Goods
  • Healthcare and Pharmaceuticals
  • Energy and Utilities
  • Construction
  • Oil and Gas
  • Environmental

By Region

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 North America Testing Inspection and Certification TIC Market, (2023 – 2032) (USD Billion)
    • 2.2 North America Testing Inspection and Certification TIC Market : snapshot
  • Chapter 3. North America Testing Inspection and Certification TIC Market – Industry Analysis
    • 3.1 North America Testing Inspection and Certification TIC Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Stringent Regulations
      • 3.2.2 Increasing Focus on Quality and Safety
      • 3.2.3 Emerging Technologies
      • 3.2.4 Outsourcing Trend and Consumer Awareness
      • 3.2.5 Product Safety.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Service Type
      • 3.7.2 Market attractiveness analysis By Sourcing Type
      • 3.7.3 Market attractiveness analysis By Application
  • Chapter 4. North America Testing Inspection and Certification TIC Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 North America Testing Inspection and Certification TIC Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. North America Testing Inspection and Certification TIC Market – Service Type Analysis
    • 5.1 North America Testing Inspection and Certification TIC Market overview: By Service Type
      • 5.1.1 North America Testing Inspection and Certification TIC Market share, By Service Type, 2022 and 2032
    • 5.2 Testing
      • 5.2.1 North America Testing Inspection and Certification TIC Market by Testing, 2023 – 2032 (USD Billion)
    • 5.3 Inspection
      • 5.3.1 North America Testing Inspection and Certification TIC Market by Inspection, 2023 – 2032 (USD Billion)
    • 5.4 Certification
      • 5.4.1 North America Testing Inspection and Certification TIC Market by Certification, 2023 – 2032 (USD Billion)
  • Chapter 6. North America Testing Inspection and Certification TIC Market – Sourcing Type Analysis
    • 6.1 North America Testing Inspection and Certification TIC Market overview: By Sourcing Type
      • 6.1.1 North America Testing Inspection and Certification TIC Market share, By Sourcing Type, 2022 and 2032
    • 6.2 In-house
      • 6.2.1 North America Testing Inspection and Certification TIC Market by In-house, 2023 – 2032 (USD Billion)
    • 6.3 Outsourced
      • 6.3.1 North America Testing Inspection and Certification TIC Market by Outsourced, 2023 – 2032 (USD Billion)
  • Chapter 7. North America Testing Inspection and Certification TIC Market – Application Analysis
    • 7.1 North America Testing Inspection and Certification TIC Market overview: By Application
      • 7.1.1 North America Testing Inspection and Certification TIC Market share, By Application, 2022 and 2032
    • 7.2 Automotive
      • 7.2.1 North America Testing Inspection and Certification TIC Market by Automotive, 2023 – 2032 (USD Billion)
    • 7.3 Aerospace
      • 7.3.1 North America Testing Inspection and Certification TIC Market by Aerospace, 2023 – 2032 (USD Billion)
    • 7.4 Consumer Goods
      • 7.4.1 North America Testing Inspection and Certification TIC Market by Consumer Goods, 2023 – 2032 (USD Billion)
    • 7.5 Healthcare and Pharmaceuticals
      • 7.5.1 North America Testing Inspection and Certification TIC Market by Healthcare and Pharmaceuticals, 2023 – 2032 (USD Billion)
    • 7.6 Energy and Utilities
      • 7.6.1 North America Testing Inspection and Certification TIC Market by Energy and Utilities, 2023 – 2032 (USD Billion)
    • 7.7 Construction
      • 7.7.1 North America Testing Inspection and Certification TIC Market by Construction, 2023 – 2032 (USD Billion)
    • 7.8 Oil and Gas
      • 7.8.1 North America Testing Inspection and Certification TIC Market by Oil and Gas, 2023 – 2032 (USD Billion)
    • 7.9 Environmental
      • 7.9.1 North America Testing Inspection and Certification TIC Market by Environmental, 2023 – 2032 (USD Billion)
  • Chapter 8. North America Testing Inspection and Certification TIC Market – Regional Analysis
    • 8.1 North America Testing Inspection and Certification TIC Market Regional Overview
    • 8.2 North America Testing Inspection and Certification TIC Market Share, by Region, 2022 & 2032 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 SGS SA
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Bureau Veritas SA
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Intertek Group plc
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 TÜV SÜD AG
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Dekra SE
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 UL LLC
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 DNV GL Group
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 ALS Limited
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Eurofins Scientific
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Applus+
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Others.
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
List Of Figures

Figures No 1 to 24

List Of Tables

Tables No 1 to 2

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players

  • SGS SA
  • Bureau Veritas SA
  • Intertek Group plc
  • TÜV SÜD AG
  • Dekra SE
  • UL LLC
  • DNV GL Group
  • ALS Limited
  • Eurofins Scientific
  • Applus+
  • Others

FAQs

The key factors driving the market are Stringent Regulations, Increasing Focus on Quality and Safety, Emerging Technologies, Outsourcing Trend and Consumer Awareness and Product Safety.

The key players operating in the North America Testing, Inspection, and Certification (TIC) market are SGS SA, Bureau Veritas SA, Intertek Group plc, TÜV SÜD AG, Dekra SE, UL LLC, DNV GL Group, ALS Limited, Eurofins Scientific, Applus+, Others.

The North America Testing, Inspection, and Certification (TIC) market is expanding growth with a CAGR of approximately 4% during the forecast period (2023 to 2032).

The North America Testing, Inspection, and Certification (TIC) market size was valued at USD 373.72 Billion in 2022 and it is projected to reach around USD 531.93 Billion by 2032.

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