Market revenue in 2024 | USD 39,967.4 million |
Market revenue in 2030 | USD 46,876.8 million |
Growth rate | 2.5% (CAGR from 2025 to 2030) |
Largest segment | Testing |
Fastest growing segment | Certification |
Historical data | 2018 - 2023 |
Base year | 2024 |
Forecast period | 2025 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Testing, Inspection, Certification |
Key market players worldwide | ALS Ltd, Applus Services SA, Bureau Veritas SA, DEKRA Certification, Element Materials Technology, Eurofins Scientific SE, Intertek Group PLC, MISTRAS Group Inc, SGS AG |
Testing was the largest segment with a revenue share of 79.12% in 2024. Horizon Databook has segmented the Canada testing, inspection, and certification market based on testing, inspection, certification covering the revenue growth of each sub-segment from 2018 to 2030.
The Canada TIC market's growth is driven by regulatory compliance, industrial expansion, sustainability initiatives, and technological advancements. Various sectors such as renewable energy, healthcare, and construction are key contributors, while emerging trends such as digitalization and green certifications drive the growth of the market.
Furthermore, increasing adoption of technologies such as, AI, IoT, and blockchain enhances automation, accuracy, and efficiency in testing and inspection, driving market growth.
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