Report Detail
North America Testing, Inspection & Certification Market to 2027 - Regional Analysis and Forecasts By Sourcing type (In-House service and Outsourced Services); Service Type (Testing, Inspection, and Certification); and End-User (Food & Beverage, Healthcare & Pharmaceutical, Consumer Goods & Retail, Energy & Power, Manufacturing & Construction, and Others)
- RnM3652757 |
- 07 August, 2019 |
- Global |
- 140 Pages |
- The Insight Partners |
- Other
The North America testing, inspection & certification market accounted for US$ 59.48 Bn in 2018 and is expected to grow at a CAGR of 4.3% over the forecast period 2018–2027, to account for US$ 85.48 Bn in 2027. Factors including the growing demand for technology-enabled TIC solutions and technological advancements coupled with the prosperous economy, are the major factors driving the growth of North America testing, inspection & certification market. The progression of technological advancement, along with the popularity of the internet of things has a profound positive impact over the maintenance and inspection through the introduction of predictive maintenance. Furthermore, the rise in emphasis towards reducing equipment and machinery downtime has added to the demand for frequent maintenance, testing, and inspection of critical assets and systems. Subsequently, the availability of technologically superior equipment and devices for testing or inspection application has facilitated in enabling accurate and seamless inspection of significant assets and systems compared to conventional approaches. Thus, technological advancements are expected to drive the testing, inspection & certification market.
The existing large number of regulatory and government agencies along with trade watchdogs based institutional organization has facilitated in the seamless implementation of numerous trade practices and safety norms. Moreover, the limited inter-governmental cooperation, along with different jurisdiction restriction has resulted in the prevalence of a notably significant number of rules, certification, guidelines, and compliances related regulatory norms for various end-users. However, the recent improvement in inter-governmental cooperation through improving international trade flow along with simplification of complicated regulation has gained traction resulting in a rise in the number of outsourced and robust TIC-based regulatory guidelines. Additionally, the prominence of free trade agreements and special economic zones approved through multiple countries deal especially across emerging economies is expected to provide numerous inspection, testing, and certification based market opportunities for the market players operating in the testing, inspection & certification market during the coming years.
The North America testing, inspection & certification market is fragmented with the presence of several industries, and the competitive dynamics in the testing, inspection & certification market is expected to change during the upcoming years. In addition to this, various initiatives are undertaken by the governmental bodies to accelerate the North America testing, inspection & certification market further. For instance, In February 2019, The U.S. FDA announced a new strategy for monitoring and inspecting food imports. As per the new strategy, FDA will be more dedicated to ensuring that food imported from overseas fulfills the same standards as food produced within the country. For this, the FDA will create a third-party certification program to audit standards for ensuring overseas facilities meet American standards. Also, the FDA will team with nations having food safety guidelines that connect with the agency’s standards. The third-party certification program is expected to bolster the testing, inspection & certification market growth.
The testing, inspection & certification market by service type is segmented into testing, certification, and inspection. In the quality control industry, testing is often referred to as lab testing. Generally, the product quality testing is conducted at a certified third-party laboratory. However, certain factories have sophisticated services to perform some kinds of on-site lab testing, but it is not a substitute for professional lab testing. Testing labs in the factories are generally not certified by official accrediting establishments, such as the International Accreditation Service or the ANSI-ASQ National Accreditation Board (ANAB). In several markets, such as the U.S. and European Union (E.U.), national governments necessitate these accreditations for brands to sell and import products there.
The overall North America testing, inspection & certification market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the North America testing, inspection & certification market. It also provides an overview and forecast for the North America testing, inspection & certification market based on all the segmentation provided for the North America region. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as V.P.s, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the North America testing, inspection & certification industry. Some of the players present in testing, inspection & certification market are SGS SA, ALS Limited, Applus Services, S.A., Bureau Veritas, DEKRA Automobile GmbH, DNV GL, Eurofins Scientific, Intertek Group PLC, TÜV Rheinland AG, and TÜV SÜD AG among others.
TABLE OF CONTENTS
1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
2. Key Takeaways
3. North America Testing, Inspection & Certification Market Landscape
- 3.1 Market Overview
- 3.2 Market segmentation
- 3.2.1 North America Testing, Inspection & Certification Market – By Service Type
- 3.2.2 North America Testing, Inspection & Certification Market – By Sourcing Type
- 3.2.3 North America Testing, Inspection & Certification Market – By End-User Industry
- 3.2.4 North America Testing, Inspection & Certification Market – By Country
- 3.3 PEST Analysis
- 3.3.1 North America – PEST Analysis
- 3.4 Ecosystem Analysis
- 3.5 Expert Opinion
4. North America Testing, Inspection & Certification Market – Key Industry Dynamics
- 4.1 Key Market Drivers
- 4.1.1 Growing popularity of technology enabled TIC solutions
- 4.1.2 Continuous technological advancement coupled with economic prosperity
- 4.2 Key Market Restraints
- 4.2.1 Presence of counterfeit products with the lack of technical staff
- 4.3 Key Market Opportunities
- 4.3.1 Growing focus towards merger and acquisition strategies
- 4.4 Future Trends
- 4.4.1 Rise in general consensus across regulatory agencies
- 4.5 Impact Analysis of Drivers and Restraints
5. North America Testing, Inspection & Certification –Market Analysis
- 5.1 North America Testing, Inspection & Certification Market Overview
- 5.2 North America Testing, Inspection & Certification Market Forecast and Analysis
6. North America Testing, Inspection & Certification Market Analysis – By Sourcing Type
- 6.1 Overview
- 6.2 North America Testing, Inspection & Certification Market Breakdown, by Sourcing Type, 2018 & 2027
- 6.3 In-House Service
- 6.3.1 Overview
- 6.3.2 In-House Service Market Forecasts and Analysis
- 6.4 Outsourced Services
- 6.4.1 Overview
- 6.4.2 Outsourced Services Market Forecasts and Analysis
7. North America Testing, Inspection & Certification Market Analysis – By Service Type
- 7.1 Overview
- 7.2 North America Testing, Inspection & Certification Market Breakdown, By Service Type, 2018 & 2027
- 7.3 Testing
- 7.3.1 Overview
- 7.3.2 Testing Market Forecasts and Analysis
- 7.4 Inspection
- 7.4.1 Overview
- 7.4.2 Inspection Market Forecasts and Analysis
- 7.5 Certification
- 7.5.1 Overview
- 7.5.2 Certification Market Forecasts and Analysis
8. North America Testing, Inspection & Certification Market Analysis – By End-User
- 8.1 Overview
- 8.2 North America Testing, Inspection & Certification Market Breakdown, By End-User, 2018 & 2027
- 8.3 Food & Beverage (F&B)
- 8.3.1 Overview
- 8.3.2 Food & Beverage Market Forecasts and Analysis
- 8.4 Healthcare & Pharmaceutical
- 8.4.1 Overview
- 8.4.2 Healthcare & Pharmaceutical Market Forecasts and Analysis
- 8.5 Consumer Goods & Retail
- 8.5.1 Overview
- 8.5.2 Consumer Goods & Retail Market Forecasts and Analysis
- 8.6 Energy & Power
- 8.6.1 Overview
- 8.6.2 Energy & Power Market Forecasts and Analysis
- 8.7 Manufacturing & Construction
- 8.7.1 Manufacturing & Construction Market Forecasts and Analysis
- 8.8 Others
- 8.8.1 Overview
- 8.8.2 Others Market Forecasts and Analysis
9. North America Testing, Inspection & Certification Market– Country Analysis
- 9.1 Overview
- 9.1.1 North America Testing, Inspection & Certification Market Breakdown, by Key Countries
- 9.1.1.1 U.S. Testing, Inspection & Certification Market Revenue and Forecasts to 2027 (US$ BN)
- 9.1.1.1.1 U.S. Testing, Inspection & Certification Market Breakdown by Sourcing Type
- 9.1.1.1.2 U.S. Testing, Inspection & Certification Market Breakdown by Service Type
- 9.1.1.1.3 U.S. Testing, Inspection & Certification Market Breakdown by End-user
- 9.1.1.2 Canada Testing, Inspection & Certification Market Revenue and Forecasts to 2027 (US$ Bn)
- 9.1.1.2.1 Canada Testing, Inspection & Certification Market Breakdown by Sourcing Type
- 9.1.1.2.2 Canada Testing, Inspection & Certification Market Breakdown by Service Type
- 9.1.1.2.3 Canada Testing, Inspection & Certification Market Breakdown by End-user
- 9.1.1.3 Mexico Testing, Inspection & Certification Market Revenue and Forecasts to 2027 (US$ Bn)
- 9.1.1.3.1 Mexico Testing, Inspection & Certification Market Breakdown by Sourcing Type
- 9.1.1.3.2 Mexico Testing, Inspection & Certification Market Breakdown by Service Type
- 9.1.1.3.3 Mexico Testing, Inspection & Certification Market Breakdown by End-user
10. Industry Landscape
- 10.1 Market Initiatives
- 10.2 Mergers and Acquisitions
- 10.3 New Developments
11. Testing, Inspection & Certification Market – Company Profiles
- 11.1 Eurofins Scientific
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 Applus Services, SA
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 ALS Limited
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 DEKRA Automobile GmbH
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 TUV SUD AG
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 TUV Rheinland AG
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 11.7 SGS AG
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
- 11.8 Bureau Veritas SA
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
- 11.9 Intertek Group Plc
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
- 11.10 DNV GL AS
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Products and Services
- 11.10.4 Financial Overview
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments
12. Appendix
- 12.1 About The Insight Partners
- 12.2 Glossary of Terms
- 12.3 Methodology
- 12.3.1 Coverage
- 12.3.2 Secondary Research
- 9.1.1 North America Testing, Inspection & Certification Market Breakdown, by Key Countries
Summary:
Get latest Market Research Reports on North America Testing, Inspection & Certification. Industry analysis & Market Report on North America Testing, Inspection & Certification is a syndicated market report, published as North America Testing, Inspection & Certification Market to 2027 - Regional Analysis and Forecasts By Sourcing type (In-House service and Outsourced Services); Service Type (Testing, Inspection, and Certification); and End-User (Food & Beverage, Healthcare & Pharmaceutical, Consumer Goods & Retail, Energy & Power, Manufacturing & Construction, and Others). It is complete Research Study and Industry Analysis of North America Testing, Inspection & Certification market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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