The Global Testing, Inspection and Certification market bolstering the market growth due to stringent government policies and product requirements that need testing, inspection, and certification
The Global testing, inspection, and certification market will grow with $120 billion at propelling CAGR in the forecast period from 2020-2027. With the emerging export and import of electronic goods, advancement in technology, sensor devices for testing is fueling the market demand for the global testing, inspection, and certification market.
Moreover, the outbreak of coronavirus has bolstered the market demand for testing and inspection of instruments and devices for hospital use and maintaining the health and safety of the patients and doctors.
Also, with the advent of technology, the emerging demand for automation in testing and inspection have fueled the market demand. Various robots have deployed in oil gases, energy and chemical industry for control of the machines and high risk involved for the human resource. Thus, the adoption of drones, robots, and other automated devices used for testing inspection and certification purposes is rising.
Service Type overview in the Global Testing, Inspection and Certification Market
Based on the service type, the global testing, inspection, and certification market categorized into Testing and Inspection Service, Certification Service. The Testing and inspection service segment has captured the highest market value in the extensive testing, inspection, and certification market in the forecast period from 2020-2027. The testing and inspection service mainly used for growing consumer goods industries such as food and beverages, to maintain the quality of food, standardized rules and regulations need to follow to maintain the health of the customers.
Sourcing Type overview in the Global Testing, Inspection and Certification Market
Based on the sourcing type, the global testing, inspection, and certification market bifurcated into Outsourced, In-house. The outsourced segment has dominated the market share of the worldwide testing, inspection, and certification market. The outsourced testing, inspection, and certification are mandatory for some goods. Therefore, with outsourced testing and inspection and certification, it reduces the additional cost of manufacturers to check the products in-house. Therefore, outsourced testing is preferred majorly owing to rules stated by the authorities and thus, fueling the market share for the global testing, inspection, and certification market.
End-use overview in the Global Testing, Inspection and Certification Market
Based on the End-use, the global testing, inspection and certification market segmented into Consumer Goods and Retail, Food and Agriculture, Oil and Gas, Construction and Engineering, Energy and Chemicals, Manufacturing of Industrial Goods, Transportation (Rail and Aerospace), Industrial and Automotive, Other. The consumer goods and retail segment accounts for the largest share in the global testing, inspection, and certification market. It is owing to the emerging population and consumption of consumer goods. Therefore, delivering quality goods to the end-consumers is the purpose of maintaining the health, safety, and security of the consumers.
Region Overview in the Global Testing, Inspection and Certification Market
Based on geography, the global testing, inspection and certification market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific expected to hold the largest share of the global testing, inspection, and certification market. It owes to emerging import and export of goods; stringent rules and regulations have fueled the markets share of the global testing, inspection, and certification market.
Global Testing, Inspection and Certification Market: Competitive Landscape
Companies such as ASTM International, TUV SUD AG, AsureQuality Ltd., Dekra SE, TÜV Rheinland Group, Intertek Group Plc, SGS Group, Bureau Veritas SA, ALS Ltd., DNV GL Group AS, Underwriters Laboratories Inc., and Lloyd's Register Group Limited and others are key players in the global testing, inspection and certification market.
Global Testing, Inspection and Certification Market
Report Content
1. Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
2. Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
3. Executive Summary
4. Market Insights
4.1. Economic Factor Analysis
4.1.1. Drivers
4.1.2. Trends
4.1.3. Opportunities
4.1.4. Challenges
4.2. Competitors & Product Analysis
4.3. Regulatory Framework
4.4. Company market share analysis, 2019
4.5. Porter's Five forces analysis
4.6. New Investment Analysis
4.7. PESTEL Analysis
5. Global Testing, Inspection and Certification Market Overview
5.1. Market Size & Forecast, 2016-2027
5.1.1. Demand
5.1.1.1. By Value (USD Million)
5.2. Market Share & Forecast, 2016-2027
5.2.1. By Service Type
5.2.1.1. Testing and Inspection Service
5.2.1.2. Certification Service
5.2.2. By Sourcing Type
5.2.2.1. Outsourced
5.2.2.2. In-house
5.2.3. By End-User Vertical
5.2.3.1. Consumer Goods and Retail
5.2.3.2. Food and Agriculture
5.2.3.3. Oil and Gas
5.2.3.4. Construction and Engineering
5.2.3.5. Energy and Chemicals
5.2.3.6. Manufacturing of Industrial Goods
5.2.3.7. Transportation (Rail and Aerospace)
5.2.3.8. Industrial and Automotive
5.2.3.9. Others
5.2.4. By Region
5.2.4.1. Europe
5.2.4.2. North America
5.2.4.3. Asia Pacific
5.2.4.4. South America
5.2.4.5. Middle East & Africa
6. Europe Electric Testing, Inspection and Certification Market Overview
6.1. Europe Testing, Inspection and Certification Market Size & Forecast, 2016-2027
6.1.1. Demand
6.1.1.1. By Value (USD Million)
6.2. Europe Testing, Inspection and Certification Market Share & Forecast, 2016-2027
6.2.1. By Service Type
6.2.1.1. Testing and Inspection Service
6.2.1.2. Certification Service
6.2.2. By Sourcing Type
6.2.2.1. Outsourced
6.2.2.2. In-house
6.2.3. By End-User Vertical
6.2.3.1. Consumer Goods and Retail
6.2.3.2. Food and Agriculture
6.2.3.3. Oil and Gas
6.2.3.4. Construction and Engineering
6.2.3.5. Energy and Chemicals
6.2.3.6. Manufacturing of Industrial Goods
6.2.3.7. Transportation (Rail and Aerospace)
6.2.3.8. Industrial and Automotive
6.2.3.9. Others
6.2.4. By Country
6.2.4.1. Germany
6.2.4.2. UK
6.2.4.3. France
6.2.4.4. Italy
6.2.4.5. Rest of Europe
6.2.5. Company Market Share (Top 3-5)
6.2.6. Economic Impact Study on Europe Testing, Inspection and Certification Market
7. North America Testing, Inspection and Certification Market Overview
7.1. North America Testing, Inspection and Certification Market Size & Forecast, 2016-2027
7.1.1. Demand
7.1.1.1. By Value (USD Million)
7.2. North America Testing, Inspection and Certification Market Share & Forecast, 2016-2027
7.2.1. By Service Type
7.2.1.1. Testing and Inspection Service
7.2.1.2. Certification Service
7.2.2. By Sourcing Type
7.2.2.1. Outsourced
7.2.2.2. In-house
7.2.3. By End-User Vertical
7.2.3.1. Consumer Goods and Retail
7.2.3.2. Food and Agriculture
7.2.3.3. Oil and Gas
7.2.3.4. Construction and Engineering
7.2.3.5. Energy and Chemicals
7.2.3.6. Manufacturing of Industrial Goods
7.2.3.7. Transportation (Rail and Aerospace)
7.2.3.8. Industrial and Automotive
7.2.3.9. Others
7.2.4. By Country
7.2.4.1. US
7.2.4.2. Canada
7.2.4.3. Mexico
7.2.5. Company Market Share (Top 3-5)
7.2.6. Economic Impact Study on North America Testing, Inspection and Certification Market
8. Asia Pacific Testing, Inspection and Certification Market Overview
8.1. Asia Pacific Testing, Inspection and Certification Market Size & Forecast, 2016-2027
8.1.1. Demand
8.1.1.1. By Value (USD Million)
8.2. Asia Pacific Testing, Inspection and Certification Market Share & Forecast, 2016-2027
8.2.1. By Service Type
8.2.1.1. Testing and Inspection Service
8.2.1.2. Certification Service
8.2.2. By Sourcing Type
8.2.2.1. Outsourced
8.2.2.2. In-house
8.2.3. By End-User Vertical
8.2.3.1. Consumer Goods and Retail
8.2.3.2. Food and Agriculture
8.2.3.3. Oil and Gas
8.2.3.4. Construction and Engineering
8.2.3.5. Energy and Chemicals
8.2.3.6. Manufacturing of Industrial Goods
8.2.3.7. Transportation (Rail and Aerospace)
8.2.3.8. Industrial and Automotive
8.2.3.9. Others
8.2.4. By Country
8.2.4.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.4.4. Australia
8.2.4.5. Rest of Asia Pacific
8.2.5. Company Market Share (Top 3-5)
8.2.6. Economic Impact Study on Asia Pacific Testing, Inspection and Certification Market
9. South America Testing, Inspection and Certification Market Overview
9.1. South America Testing, Inspection and Certification Market Size & Forecast, 2016-2027
9.1.1. Demand
9.1.1.1. By Value (USD Million)
9.2. South America Testing, Inspection and Certification Market Share & Forecast, 2016-2027
9.2.1. By Service Type
9.2.1.1. Testing and Inspection Service
9.2.1.2. Certification Service
9.2.2. By Sourcing Type
9.2.2.1. Outsourced
9.2.2.2. In-house
9.2.3. By End-User Vertical
9.2.3.1. Consumer Goods and Retail
9.2.3.2. Food and Agriculture
9.2.3.3. Oil and Gas
9.2.3.4. Construction and Engineering
9.2.3.5. Energy and Chemicals
9.2.3.6. Manufacturing of Industrial Goods
9.2.3.7. Transportation (Rail and Aerospace)
9.2.3.8. Industrial and Automotive
9.2.3.9. Others
9.2.4. By Country
9.2.4.1. Brazil
9.2.4.2. Argentina
9.2.4.3. Rest of South America
9.2.5. Company Market Share (Top 3-5)
9.2.6. Economic Impact Study on South America Testing, Inspection and Certification Market
10. Middle East & Africa Testing, Inspection and Certification Market Overview
10.1. Middle East & Africa Testing, Inspection and Certification Market Size & Forecast, 2016-2027
10.1.1. Demand
10.1.1.1. By Value (USD Million)
10.2. Middle East & Africa Testing, Inspection and Certification Market Share & Forecast, 2016-2027
10.2.1. By Service Type
10.2.1.1. Testing and Inspection Service
10.2.1.2. Certification Service
10.2.2. By Sourcing Type
10.2.2.1. Outsourced
10.2.2.2. In-house
10.2.3. By End-User Vertical
10.2.3.1. Consumer Goods and Retail
10.2.3.2. Food and Agriculture
10.2.3.3. Oil and Gas
10.2.3.4. Construction and Engineering
10.2.3.5. Energy and Chemicals
10.2.3.6. Manufacturing of Industrial Goods
10.2.3.7. Transportation (Rail and Aerospace)
10.2.3.8. Industrial and Automotive
10.2.3.9. Others
10.2.4. By Country
10.2.4.1. Saudi Arabia
10.2.4.2. UAE
10.2.4.3. South Africa
10.2.4.4. Rest of Middle East & Africa
10.2.5. Company Market Share (Top 3-5)
10.2.6. Economic Impact Study on Middle East & Africa Testing, Inspection and Certification Market
11. Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company Profile
11.7.1.1. ASTM International
11.7.1.2. TUV SUD AG
11.7.1.3. AsureQuality Ltd.
11.7.1.4. Dekra SE
11.7.1.5. TÜV Rheinland Group
11.7.1.6. Intertek Group Plc
11.7.1.7. SGS Group
11.7.1.8. Bureau Veritas SA
11.7.1.9. ALS Ltd.
11.7.1.10. DNV GL Group AS
11.7.1.11. Underwriters Laboratories Inc.
11.7.1.12. Lloyd's Register Group Limited
11.7.1.13. Other players
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