Key Players of the Testing, Inspection and Certification Market are Bureau Veritas S.A., Eurofins Scientific, Inc., Intertek Group Plc, and SGS Group
This report presents an in depth analysis of the global testing, inspection and certification market by value, by service, by source type, by application, by region, etc. The report provides a detailed regional analysis of the testing, inspection and certification market, including the following regions: Asia Pacific (China, Japan, South Korea, India & Rest of Asia Pacific), North America (the US & Canada), Europe (Germany, United Kingdom, France, Spain, Italy & Rest of Europe), and Rest of the World. The report also provides a detailed analysis of the COVID-19 impact on the testing, inspection and certification market.
The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global testing, inspection and certification market has also been forecasted for the period 2021-2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
The global testing, inspection and certification market is fragmented with many major market players operating worldwide. The key players of the testing, inspection and certification market - Bureau Veritas S.A., Eurofins Scientific, Inc., Intertek Group plc, SGS Group - are also profiled with their financial information and respective business strategies.
Regional Coverage
- Asia Pacific
- North America
- Europe
- Rest of the World
Company Coverage
- Bureau Veritas S.A.
- Eurofins Scientific, Inc.
- Intertek Group plc
- SGS Group
Table of Contents
1. Executive Summary
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Executive Summary
Testing, inspection and certification work in a diverse range of industry sectors to deal with verification of the safety, security, and performance of a product, service, or process. These processes are done by conformity assessment bodies through standards and legislations. Testing, inspection and certification have varied operations and quality management.
The Major benefits provided by testing, inspection and certification include improved credibility and image, compliance with legal requirements, lower turnover of employees, higher level of cost control improvement, and faster improvement of various processes.
There are three parties in conformity assessment activity - first-party conformity assessment activity, second-party conformity assessment activity and third-party conformity assessment activity.
The testing, inspection and certification market can be segmented on the basis of service (Testing, Inspection, and Certification); sourcing type (In-House and Outsource); and application (Consumer Goods & Retail, Agriculture & Food, Chemicals, Infrastructure, Energy & Power, Education, Government, Manufacturing, Healthcare, Mining, Oil & Gas and Petroleum, Public Sector, Automotive, Aerospace & Defence, Supply Chain & Logistics, and Others).
The global testing, inspection and certification market is projected to rise significantly in the next four years i.e. 2021-2025. The global testing, inspection and certification market is expected to increase due to increasing globalization, rising middle-class population, growth in consumer electronics market, surge in renewable energy projects, rapid urbanization, surge in usage in automotive and industrial applications, strict mandates for safety regulations, inclination towards outsourcing testing, inspection and certification services, etc. Yet, the market faces some challenges such as trade wars and fluctuations, high investments required for automation and installing industrial safety systems, high barriers to entry, etc.
Companies Mentioned
- Bureau Veritas S.A.
- Eurofins Scientific, Inc.
- Intertek Group plc
- SGS Group
