North America Testing Inspection and Certification Market by Service and Source - Forecast and Analysis 2024-2028

North America Testing Inspection and Certification (TIC) Market
Forecast 2024-2028

The North America Testing Inspection and Certification (TIC) Market size is forecast to increase by USD 14.7 billion with growth at a CAGR of 3.78% between 2023 and 2028. The growth rate of the market depends on several factors, such as the growing adoption of remote inspections and audits, the increasing digital transformation initiatives across US, and the growing emphasis on sustainability and environmental responsibility. Our report examines historic data from 2018 - 2022, besides analyzing the current and forecasts market scenario.

ALS Ltd provides comprehensive testing, inspection, and certification solutions encompassing visual inspections and load tests for various crane types, including mobile, articulated, telescopic, and lattice cranes, as well as bridge cranes and gantry cranes. Similarly, Applus Services S.A specializes in testing, inspection, and certification services, covering areas such as drive tests and mobile network optimization, electrical testing, material testing, construction material testing, and electrical inspections.

Market Forecasting and Size

Market  Forecast 2024-2028

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Market Dynamics

Our researchers studied the market research and growth data for years, with 2023 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Driver - Growing adoption of remote inspections and audits

Remote inspections and audits provide cost and time savings in comparison to traditional on-site visits. In addition, by eliminating the need for travel, accommodation, and logistical arrangements, organizations can reduce expenses associated with conducting inspections and audits. Furthermore, remote methods often allow for faster turnaround times, enabling more efficient data collection and reporting.

Moreover, remote inspections and audits enhance safety by reducing personnel exposure to potentially hazardous environments or conditions. In addition, inspectors and auditors can conduct assessments from a remote location, reducing the risks associated with on-site visits, especially in high-risk or sensitive areas. Furthermore, remote methods offer greater convenience for both inspection and certification providers and organizations, as they eliminate the need for travel and site coordination. Therefore, it is positively impacting the testing inspection and certification (TIC) market in North America. Hence, such factors are driving the market growth during the forecast period.

Trends - Rise in strategic mergers and acquisitions (M&A ) for testing inspection and certification services

M&A contributes to market consolidation by bringing together companies with complementary capabilities, expertise, and geographic presence. In addition, consolidation enhances market competitiveness, economies of scale, and service offerings, enabling larger inspection and certification providers to offer a broader range of services and better serve their clients.

Moreover, M&A transactions allow inspection and certification providers to expand their service portfolio by acquiring companies with specialized expertise, technology platforms, or industry-specific knowledge. In addition, by diversifying their service offerings, inspection and certification providers can address a wider range of client needs and capitalize on growth opportunities in emerging sectors. Therefore, it is positively impacting the testing inspection and certification (TIC) market in North America. Hence, such factors are driving the market growth during the forecast period.

Challenge - Concerns associated with data security and confidentiality of testing inspection and certification

Testing inspection and certification companies collect and process sensitive information from clients, such as proprietary data, trade secrets, and intellectual property. In addition, ensuring the protection of this information against unauthorized access, disclosure, or misuse is essential to maintain client trust and compliance with contractual and legal obligations.

Moreover, inspection and certification companies often enter into confidentiality agreements with clients to safeguard the confidentiality of information shared during testing, inspection, and certification processes. In addition, breaches of confidentiality agreements can have serious legal and reputational consequences for inspection and certification companies, leading to loss of business and potential litigation. Furthermore,  inspection and certification companies are vulnerable to cybersecurity threats, including data breaches, ransomware attacks, phishing scams, and malware infections.  Therefore, it is negatively impacting the market. Hence, such factors are hindering the market growth during the forecast period.

Market Segmentation by Service and Source

Service Segment Analysis:

The testing segment is estimated to witness significant growth during the forecast period. Several regulations and standards across industries including healthcare, pharmaceuticals, automotive, aerospace, consumer goods, and environmental protection need companies to conduct testing to ensure compliance in North America. In addition, this segment help businesses meet regulatory requirements related to product safety, quality, environmental impact, and public health. Furthermore, companies prioritize product quality and reliability to maintain customer satisfaction, brand reputation, and market competitiveness.

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The testing segment was the largest segment and was valued at USD 39.97 billion in 2018. Moreover, this segment play a crucial role in quality assurance by identifying defects, verifying performance, and ensuring consistency in manufacturing processes and product characteristics. In addition, these services help mitigate risks associated with product failures, safety hazards, regulatory non-compliance, and liability claims. Furthermore, by identifying potential issues early in the product development lifecycle, companies can proactively address risks and prevent costly recalls, warranty claims, and legal disputes. In addition, innovation drives the demand for services as companies develop new products, materials, and technologies. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

Source Segment Analysis

Based on the source, the market has been segmented into in-house and outsourced. The in-house segment will account for the largest share of this segment. In-house inspection and certification services can provide cost advantages over outsourcing to external providers in the long term. By investing in their own facilities, equipment, and expertise, organizations can avoid recurring service fees and achieve cost savings over time, particularly for high-volume or ongoing trial needs. Conducting trials, inspection, and certification activities in-house provides organizations with greater control and oversight over the entire process. This includes defining testing protocols, setting quality standards, managing timelines, and ensuring compliance with regulatory requirements

Who are the Major Market Companies?

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.

British Standards Institution: The company offers testing inspection and certification solutions such as product development, pre assessment, gap analysis, batch testing, and full compliance testing.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

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. 

Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market analysis and report forecasts market growth and provides a market growth analysis of the latest trends and growth opportunities from 2018 to 2028. 

• Service Outlook
  • Testing
  • Inspection
  • Certification
• Source Outlook
  • In-house
  • Outsourced

Market Analyst Overview

In the market, the oil and gas sector undergoes cyclical fluctuations influenced by industrial seasonality and import-export dynamics. Technological advancements drive the market, especially in areas like connected devices (IoT), mobile payments, and smart cities. The TIC services play a pivotal role in ensuring compliance with safety standards, notably in the automotive industry with the rise of electric vehicles and autonomous cars. The Food Safety Modernization Act and FDA regulations underline the significance of TIC in ensuring food safety audits. Despite barriers to entry, investments in TIC services remain robust, reflecting a commitment to maintaining high standards in safety and quality across various sectors. The market's landscape embraces both manual and automated TIC services, with a growing focus on AI-based vision processing technology, positioning the industry to thrive in the era of automation and innovation.

The market in North America stands at the intersection of infrastructure investments and complex technologies. Catering to diverse end-user industries, TIC services ensure compliance with stringent environmental norms and health safety measures. The industry adapts to new technologies and evolving standards, navigating through product lifecycles and intricate supply chains. From inspection and testing processes to connected cars and software testing, TIC plays a crucial role in various sectors, including automotive manufacturing. The rise of autonomous vehicles, safety technologies like Advanced Driver-Assistance Systems (ADAS), and the integration of sensors and cameras underscore the market's commitment to innovation. The TIC Council Americas oversees the industry's adherence to regulations, promoting remote testing services and embracing automation, such as automated drive-through vehicle inspection stations, for efficient detection of structural, mechanical, and tire defects. The market continues to evolve, incorporating manual and automated TIC services to meet the demands of a changing technological landscape.

North America Testing Inspection And Certification 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
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
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 growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this North America Testing Inspection And Certification Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market in North America between 2023 and 2028
• Precise estimation of the market growth and trends and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Market growth and forecasting across North America
• A thorough market analysis and report of the market’s competitive landscape and detailed information about companies
• Comprehensive market report analysis of factors that will challenge the growth of market  companies

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