The North America Testing, Inspection and Certification (TIC) Market is projected to witness market growth of 3.6% CAGR during the forecast period (2024-2031).
The US market dominated the North America Testing, Inspection and Certification (TIC) Market by country in 2023, and is projected to continue to be a dominant market till 2031; thereby, achieving a market value of $69.98 billion by 2031. The Canada market is experiencing a CAGR of 3.9% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 4.6% during 2024-2031.
Testing, Inspection, and Certification (TIC) are interconnected processes ensuring products, services, and systems meet specified requirements and standards. These processes are essential for maintaining quality, safety, and compliance across various industries.
Additionally, TIC solutions are typically required to ascertain whether the goods provided by manufacturing companies comply with the essential norms and legislation. As an illustration, testing services are employed in the automotive sector to guarantee that various components and solutions adhere to the set standards and legal criteria.
The North American market is robust and continues to grow, driven by its industries' diverse and evolving needs. According to the TIC Council, the demand for TIC services generated between $30 billion and $55 billion in revenue by 2020, with the independent TIC sector accounting for about 35% of that total. The sectors that provide the highest proportions of TIC revenue are energy and utilities (15%), food and beverage (13%), and chemicals (12%).
Based on Service Type, the market is segmented into Testing, Inspection, and Certification. Based on Sourcing Type, the market is segmented into In-house and Outsourced. Based on Application, the market is segmented into Consumer Goods & Retail, Agriculture & Food, Chemicals, Infrastructure, Manufacturing, Medical & Lifesciences, Mining, Oil & Gas, Automotive, Public Sector, and IT, Telecom & Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The US market dominated the North America Testing, Inspection and Certification (TIC) Market by country in 2023, and is projected to continue to be a dominant market till 2031; thereby, achieving a market value of $69.98 billion by 2031. The Canada market is experiencing a CAGR of 3.9% during 2024-2031. Additionally, the Mexico market would exhibit a CAGR of 4.6% during 2024-2031.
Testing, Inspection, and Certification (TIC) are interconnected processes ensuring products, services, and systems meet specified requirements and standards. These processes are essential for maintaining quality, safety, and compliance across various industries.
Additionally, TIC solutions are typically required to ascertain whether the goods provided by manufacturing companies comply with the essential norms and legislation. As an illustration, testing services are employed in the automotive sector to guarantee that various components and solutions adhere to the set standards and legal criteria.
The North American market is robust and continues to grow, driven by its industries' diverse and evolving needs. According to the TIC Council, the demand for TIC services generated between $30 billion and $55 billion in revenue by 2020, with the independent TIC sector accounting for about 35% of that total. The sectors that provide the highest proportions of TIC revenue are energy and utilities (15%), food and beverage (13%), and chemicals (12%).
Based on Service Type, the market is segmented into Testing, Inspection, and Certification. Based on Sourcing Type, the market is segmented into In-house and Outsourced. Based on Application, the market is segmented into Consumer Goods & Retail, Agriculture & Food, Chemicals, Infrastructure, Manufacturing, Medical & Lifesciences, Mining, Oil & Gas, Automotive, Public Sector, and IT, Telecom & Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- SGS S.A.
- Bureau Veritas S.A.
- Intertek Group PLC
- Eurofins Scientific SE
- TÜV Rheinland AG
- Applus+ Group
- TÜV Nord Group
- DEKRA SE
- TÜV SUD
- DNV AS
Market Report Segmentation
By Service Type
- Testing
- Inspection
- Certification
By Sourcing Type
- In-house
- Outsourced
By Application
- Consumer Goods & Retail
- Agriculture & Food
- Chemicals
- Infrastructure
- Manufacturing
- Medical & Lifesciences
- Mining, Oil & Gas
- Automotive
- Public Sector
- IT, Telecom & Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Testing, Inspection and Certification (TIC) Market by Service Type
Chapter 6. North America Testing, Inspection and Certification (TIC) Market by Sourcing Type
Chapter 7. North America Testing, Inspection and Certification (TIC) Market by Application
Chapter 8. North America Testing, Inspection and Certification (TIC) Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- SGS S.A.
- Bureau Veritas S.A.
- Intertek Group PLC
- Eurofins Scientific SE
- TÜV Rheinland AG
- Applus+ Group
- TÜV Nord Group
- DEKRA SE
- TÜV SUD
- DNV AS
Methodology
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