Testing, Inspection, and Certification Market to be Worth $150.9 Billion by 2030

Testing, Inspection, and Certification Market by Service (Testing Services, Inspection Services, Certification Services), Sector (Agriculture and Food, Retail, Automotive, Construction) - Global Forecast to 2030

Meticulous Research^®—a leading global market research company, published a research report titled, ‘Testing, Inspection, and Certification Market by Service (Testing Services, Inspection Services, Certification Services), Sector (Agriculture and Food, Retail, Automotive, Construction) - Global Forecast to 2030.’

According to this latest publication from Meticulous Research^®, the testing, inspection, and certification market is projected to reach $150.9 billion by 2030, at a CAGR of 5.7% during the forecast period. The growth of the testing, inspection, and certification market is driven by the stringent regulatory standards imposed by governments and the rise in the illicit trade of forged & pirated goods. The surge in consumer awareness toward product safety and purity is expected to offer significant growth opportunities for the testing, inspection, and certification market. Additionally, the use of simulation in product testing and validation is a major trend in the testing, inspection, and certification market.

However, dynamic international regulatory standards across regions may restrain the market's growth. Further, a lack of testing facilities and skilled resources may hinder the growth of this market.

Meticulous Research^® has segmented this market based on service, sector, and geography for efficient analysis. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on service, in 2023, the testing services segment is expected to account for the largest share of the testing, inspection, and certification market. The large market share of this segment is attributed to the growing digitalization and dynamic product standards across various industries and strong recommendations from regulatory authorities to ensure safety.

Based on sector, in 2023, the agriculture and food segment is expected to account for the largest share of the testing, inspection, and certification market. The large market share of this segment is attributed to the advancement in the agriculture and food industry and the growing demand for organic and processed food.

Based on geography, in 2023, Europe is expected to account for the largest share of the testing, inspection, and certification market. The large market share of this region is attributed to the increasing use of IoT devices in the region and dynamic mandatory certification and compliance by the government.

Key Players:

The key players operating in the testing, inspection, and certification market are SGS S.A. (Switzerland), Bureau Veritas S.A. (France), Intertek Group Plc. (U.K.), TÜV SÜD (Germany), Dekra SE (Germany), TÜV Rheinland Ag Group (Germany), APPLUS+ (Spain), Eurofins Scientific SE (U.S.), British Standards Institution (BSI) (U.K.), TÜV Lloyd’s Register Group Limited (U.K.), Mistras Group, Inc. (U.S.), DNV GL (Norway), Element Materials Technology Ltd. (U.K.), ALS Ltd. (Australia), and UL LLC (U.S.).

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Key questions answered in the report-

Which are the high-growth market segments in terms of service, sector, and geography?
What is the historical market for testing, inspection, and certification across the globe?
What are the market forecasts and estimates for the period 2023–2030?
What are the major drivers, restraints, and opportunities in the testing, inspection, and certification market?
Which are the major players in the testing, inspection, and certification market, and what market share do they hold?
How is the competitive landscape?
What are the recent developments in the testing, inspection, and certification market?
What are the different strategies adopted by the major players in this market?
What are the geographic trends and high-growth countries?
Which are the local emerging players in the testing, inspection, and certification market, and how do they compete with the other players?

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