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Testing, Inspection and Certification (TIC) Services Market Share

Report ID: GMI2318
Published Date: Apr 2024
Report Format: PDF

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Testing, Inspection and Certification Services Market Share

Eurofins Scientific and Bureau Veritas dominate the market with over 5% market share. Eurofins focus on diversification, expanding service offerings to cater to a broader range of industries and regulatory requirements. In addition, investing in technological advancements and digitalization enhances operational efficiency and service quality, ensuring they remain competitive in a rapidly evolving landscape.

Collaborations and partnerships with industry stakeholders and regulatory bodies help Bureau Veritas to strengthen credibility and expand market reach. Furthermore, strategic acquisitions and mergers allow companies to gain access to new markets and capabilities. Finally, prioritizing customer-centric approaches, such as offering tailored solutions and exceptional service, fosters long-term client relationships and brand loyalty, further solidifying their position in the market.

Testing, Inspection and Certification Services Market Companies

Major companies operating in the testing, inspection and certification (TIC) services industry are:

ALS Limited
Applus+
Bureau Veritas
DEKRA
Eurofins Scientific
Intertek Group Plc
SGS SA
TUV Rheinland
TUV SUD
UL LLC

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of testing, inspection and certification (TIC) services reached USD 241.6 billion in 2023 and is set to witness 6% CAGR from 2024 to 2032, due to stricter regulations and standards across industries, such as automotive, healthcare, manufacturing, and food safety

The in-house type segment is expected to hold over 54% of the market share by 2032, fueled by the need for greater control, flexibility, and cost-effectiveness in ensuring product quality and regulatory compliance.

The U.K. market size was USD 18.6 billion in 2023, led by the rising need of businesses to adhere to international standards and certifications to access international markets.

Some of the major market players are ALS Limited, Applus+, Bureau Veritas, DEKRA, Eurofins Scientific, Intertek Group Plc, SGS SA, TUV Rheinland, TUV SUD, and UL LLC.