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The North America testing inspection and certification market size is forecast to increase by USD 14.7 billion, at a CAGR of 3.78% between 2023 and 2028. The market is experiencing significant growth, driven by several key trends and factors. One notable trend is the increasing adoption of remote inspections and audits, which enables organizations to maintain business continuity while ensuring safety and compliance. Another growth factor is the rise in strategic mergers and acquisitions (M&A) for testing inspection and certification services, as companies seek to expand their offerings and enhance their capabilities. However, concerns associated with data security and confidentiality of testing inspection and certification data remain a challenge, necessitating strong cybersecurity measures and regulatory compliance. Overall, the market is expected to continue its growth trajectory, fueled by these trends and the ongoing demand for reliable and efficient testing, inspection, and certification services.
The Testing, Inspection, and Certification (TIC) services market in North America is a significant industry that caters to various sectors, including Oil & gas and Pharmaceuticals, among others. TIC services encompass Auditing and inspection, Verification, Quality assurance, and Certification. These services ensure the efficiency of production by identifying Errors and Risks, thereby enhancing Performance, Dependability, and Durability of Goods. TIC services play a crucial role in Safety and adherence to established standards. The process is systematic, involving Evaluation against established norms and Inspections at various stages. TIC services cover Electrical testing, Safety, Software, and Environmental factors, among others. Human performance is also a critical aspect, ensuring adherence to procedures and providing peace of mind through certification.
TIC services are essential for maintaining the integrity and reliability of products and processes.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The testing segment is estimated to witness significant growth during the forecast period. In North America, industries such as healthcare, pharmaceuticals, automotive, aerospace, consumer goods, and environmental protection mandate stringent regulations and standards for product safety, quality, environmental impact, and public health. To meet these requirements, businesses turn to TIC services, which include auditing and inspection, verification, and certification. These services ensure that goods and processes adhere to established standards and guidelines, promoting efficiency in production and reducing errors. TIC services play a pivotal role in quality assurance, identifying defects and assessing performance and dependability. They also help mitigate risks associated with safety hazards, regulatory non-compliance, and liability claims. By implementing systematic evaluations and inspections, companies can address issues early in the product development lifecycle, prevent costly recalls, warranty claims, and legal disputes, and ultimately enhance customer retention.
TIC services encompass various testing methods, including electrical testing, software testing, and environmental testing, among others. They are carried out by third-party organizations to ensure impartiality and maintain the integrity of the testing process. Companies prioritize these services to maintain product quality, reliability, and market competitiveness, as well as to uphold environmental sustainability.
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The testing segment accounted for USD 39.97 billion in 2018 and showed a gradual increase during the forecast period.
Our market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growing adoption of remote inspections and audits is the key driver of the market. The Testing, Inspection, and Certification (TIC) services market in North America has seen a significant shift towards remote auditing and inspection methods due to the COVID-19 pandemic. This systematic way of evaluation ensures business continuity while adhering to social distancing guidelines and travel restrictions. With the limitation or restriction of on-site visits, organizations and third-party certification bodies have adopted remote inspections and audits to maintain compliance and meet regulatory requirements. Remote inspections and audits offer several advantages over traditional on-site visits. They provide cost and time savings as they eliminate the need for travel, accommodation, and logistical arrangements. Moreover, they enable faster turnaround times, allowing for more efficient data collection and reporting.
TIC services encompass various aspects, including auditing and inspection, verification, quality assurance, and certification. These services are crucial for ensuring the efficiency of production, reducing errors, managing risks, and maintaining safety standards. They apply to various sectors, such as electrical testing, software, and human performance, and cover goods at every stage, from raw materials to finished products. Environmental factors also play a role in TIC services. They help ensure environmental sustainability by evaluating manufacturing companies' adherence to rules, guidelines, and requirements. Visual inspections, measurements, and quality control are essential components of these services, ensuring the dependability, durability, and performance of goods.
In conclusion, the TIC services market in North America is undergoing a transformation due to the pandemic, with remote inspections and audits becoming increasingly popular. These methods offer cost savings, faster turnaround times, and improved efficiency, making them an attractive alternative to traditional on-site visits. TIC services remain essential for maintaining quality, ensuring safety, and meeting regulatory requirements across various industries.
Rise in strategic mergers and acquisitions (M and A ) for testing inspection and certification services is the upcoming trend in the market. The Testing, Inspection, and Certification (TIC) services market in North America is characterized by a systematic approach to ensuring the efficiency of production, quality assurance, and safety of goods through auditing and inspection, verification, and certification. These services are essential for evaluating and verifying compliance with established standards, minimizing errors and risks, and ensuring the performance, dependability, durability, and environmental sustainability of various products and systems. TIC services cover a wide range of sectors, including electrical testing, software, human performance, and environmental factors. Third-party organizations provide these services, adhering to rules, guidelines, and quality requirements. They offer visual inspections, measurements, and quality control services for raw materials and finished products.
TIC services are crucial for manufacturing companies seeking to maintain customer retention and meet industry-specific regulations. Mergers and acquisitions (M&A) contribute to market consolidation by bringing together companies with complementary capabilities, expertise, and geographic presence. This consolidation enhances market competitiveness, economies of scale, and service offerings, enabling larger providers to offer a broader range of services and better serve clients in various industries. For instance, acquisitions allow providers to expand their service portfolio by acquiring companies with specialized expertise, technology platforms, or industry-specific knowledge.
Concerns associated with data security and confidentiality of testing inspection and certification is a key challenge affecting the market growth. Testing, inspection, and certification (TIC) services play a crucial role in ensuring the efficiency of production, safety, and quality of goods and services across various industries in North America. These services encompass auditing and inspection, verification, and certification. TIC companies follow established standards and systematic ways to evaluate the performance, dependability, durability, and compliance of raw materials, finished products, and manufacturing processes. TIC services cover a range of sectors, including electrical testing, software, and human performance. Environmental factors are also considered in the inspection and certification process to promote environmental sustainability. Inspections involve visual assessments, measurements, and quality control checks, while certifications provide third-party verification of adherence to requirements and rules.
The TIC market in North America is driven by the need for error reduction, risk mitigation, and maintaining customer retention. Manufacturing companies rely on TIC services to ensure the safety and performance of their products and processes, which in turn enhances their reputation and customer trust. TIC companies must adhere to strict confidentiality agreements to protect sensitive client information, including proprietary data, trade secrets, and intellectual property. The TIC industry is not without challenges, as cybersecurity threats pose a significant risk to the confidentiality, integrity, and availability of data. TIC companies must invest in strong cybersecurity measures to protect against data breaches, ransomware attacks, phishing scams, and malware infections.
The consequences of a breach can be severe, including reputational damage, loss of business, and potential litigation.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ALS Ltd. - The company provides specialized solutions for various types of cranes. These services encompass visual inspections and load tests for mobile cranes, including those that are telescopic, articulated, and lattice-boom.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The Testing, Inspection and Certification (TIC) services market in North America is a significant industry that focuses on ensuring the efficiency of production, safety, and quality of goods through various services such as auditing and inspection, verification, and certification. These services help in evaluating the performance, dependability, and durability of products and processes, thereby reducing the risk of errors and defects. TIC services play a systematic way in the manufacturing sector by adhering to established standards and guidelines. Electrical testing, safety inspections, and performance evaluations are some of the critical areas where TIC services are essential. These services help in identifying and addressing potential issues, ensuring the reliability and sustainability of products.
Third-party organizations provide TIC services to manufacturing companies to ensure that their goods meet the necessary requirements and comply with the rules and regulations. TIC services are not only important for customer retention but also for ensuring environmental sustainability. Software and human performance are also essential factors that are evaluated during TIC inspections. Environmental factors and raw materials are crucial considerations in TIC services, and inspections are carried out to ensure that the finished product meets the required quality standards. Visual inspections, measurements, and quality control procedures are some of the techniques used during TIC inspections to ensure that the goods are free from defects.
In conclusion, TIC services play a vital role in the manufacturing industry by providing a systematic way of evaluating the quality of goods and processes. These services help in reducing the risk of errors, ensuring safety, and improving the overall performance and dependability of products. TIC services are essential for customer retention and environmental sustainability and are carried out by various third-party organizations following established standards and guidelines.
Market Scope |
|
Report Coverage |
Details |
Page number |
148 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.78% |
Market growth 2024-2028 |
USD 14.7 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.27 |
Key companies profiled |
ALS Ltd., Applus Services S.A., British Standards Institution, Bureau Veritas SA, DEKRA SE, DNV Group AS, Dynamic Research Inc., Element Materials Technology Group Ltd., Eurofins Scientific SE, Intertek Group Plc, LRQA Group Ltd., Mistras Group Inc., NSF International, RINA Spa, SGS SA, The Smithers Group Inc., TUV NORD AG, TUV Rheinland AG, TUV SUD AG, UL Solutions Inc., and HOLDING SOCOTEC S.A.S. |
Market dynamics |
Parent market analysis, market forecast, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Service
7 Market Segmentation by Source
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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