Global Testing, Inspection, And Certification Market Size & Outlook
Global testing, inspection, and certification market, 2017-2030 (US$M)
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Global testing, inspection, and certification market highlights
- The global testing, inspection, and certification market generated a revenue of USD 379,831.2 million in 2023 and is expected to reach USD 498,997.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4% by 2030.
- In terms of segment, testing accounted for a revenue of USD 286,096.6 million in 2023.
- Certification is the most lucrative service segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 379,831.2 million |
| Market revenue in 2030 | USD 498,997.5 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Testing |
| Fastest growing segment | Certification |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Testing, Inspection, Certification |
Other key industry trends
- In terms of revenue, the North America accounted for 26.3% of the global testing, inspection, and certification market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 20,408.2 million by 2030.
Testing was the largest segment with a revenue share of 75.32% in 2023. Horizon Databook has segmented the Global testing, inspection, and certification market based on testing, inspection, certification covering the revenue growth of each sub-segment from 2017 to 2030.
The primary role of testing, inspection, and certification (TIC) market incumbents is to ensure the maintenance of the quality, safety, and health requirements of their client products. The market incumbents provide inspection, verification, testing, and certification services to help manufacturers increase productivity and comply with global standards. The testing, inspection, and certification (TIC) market incumbents cater to various industries and sectors across the globe with various legislation and standards.
These include sectors such as industrial, life sciences, food, environmental, consumer, and commodities, among others, and industries such as education, leisure, petrochemical, oil & gas, medical, maritime, automotive, and agriculture. Further, the services include trade assurance, systems compliance, laboratory outsourcing, supplier evaluation, systems certification, auditing, industrial inspections; ensuring imports comply with relevant standards, advisory, consulting, valuation & certification of shipments, and safety & quality through product performance evaluations, among others.
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Testing, Inspection, And Certification Market Scope
Testing, Inspection, And Certification Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global testing, inspection, and certification market size, by regions, 2017-2030 (US$M)
Top 10 countries: Testing, inspection, and certification market size, 2023 (US$M)
Global testing, inspection, and certification market share, by service, 2023 & 2030 (%, US$M)
Testing, inspection, and certification market: Opportunity assessment by country
Global testing, inspection, and certification market, by region, 2023 (US$M)
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