Comprehensive Article about Top Companies in Testing, Inspection and Certification Market You Need to Read to Succeed
The global Testing, Inspection, and Certification market was valued at USD 207.2 Billion in 2020 and is projected to reach USD 249.4 Billion by 2028.
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Market Overview:
According to Vantage market research, the global Testing, Inspection, and Certification market was valued at USD 207.2 Billion in 2020 and is projected to reach USD 249.4 Billion by 2028, growing at a CAGR of 3.8% from 2021 to 2028. Increasing adoption of advanced technologies in the sectors such as healthcare, consumer electronics, and industrial and the emergence of new services & solutions such as visual inspection, remote auditing, and virtual inspections are major factors for augmenting the growth of the Testing Inspection and Certification Market during projected years.
The Asia Pacific accounted for maximum growth of the Testing Inspection and Certification Market during the forecast period. The rising inclination of manufacturers to produce electrical & electronic products, heavy machinery & equipment, and aerospace & aeronautical components is the major reason for influencing the growth of the Testing Inspection and Certification Market in this region. The development of transport ways, such as water and road has increased the demand for the standard of infrastructure required for maintaining and running the modes of transport in this region. Thus, it is likely to boost the demand for the TIC market in this region.
Following are the top 10 leading companies in the Testing Inspection and Certification Market:
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Company Name |
Revenue in USD |
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$9 Billion |
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$6 Billion |
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$5 Billion |
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$3 Billion |
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$2 Billion |
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$5 Billion |
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<$5 Million |
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$1 Billion |
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$601 Million |
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$416 Million |
Intertek Group PLC provides quality and safety-related services, including assurance, auditing, certification, inspection, testing, and training. The company works with its customers to minimize the risks of their products, processes, and supply chains as those customers develop new products, technologies, and infrastructure. Intertek serves companies in a wide range of industries including oil and gas, retail, information and communications, technology, food and healthcare, beauty, and pharmaceuticals. The company has a network of more than 1,000 laboratories and offices in more than 100 countries.
SGS is a leading provider of verification, testing, and certification services with more than 1,000 offices and laboratories in 120 countries. The company inspects and monitors internationally traded agricultural products, minerals, petroleum and petrochemicals, motor vehicles, and consumer goods. The company also offers certification services to international businesses and governments, as well as electronics testing, logistics, outsourcing, drug development, and environmental monitoring services. SGS got its start in 1878 providing agricultural inspection services to European grain traders.
Bureau Veritas provides technical services focusing on quality, environmental protection, health, safety, and social accountability. Core services include inspection, certification, and on-site testing and analysis. The company has more than 1,600 laboratories in 140 countries serving Africa, the Americas, Asia, the Middle East, and Europe. Clients come from industries such as automotive, chemicals, construction, government services, and metal and mining. French investment firm WendelInvestissement owns a controlling stake of Bureau Veritas.
Underwriters Laboratories (UL) is one of the world's leading providers of product safety and certification testing services. It offers advisory, auditing, inspection, certification, digital applications, learning and development, testing, and verification services. Trusted by more than 400 companies to help their teams build their learning management strategies, the company is active in healthcare, retail, supply chain management, built environment, energy, automotive, and manufacturing sectors. In addition, its proprietary library of more than 1,000 courses includes over 1,500 EHS course titles and over 400 Life Sciences regulatory course titles (many of which are co-developed with the US FDA).
DNV is an international accredited registrar and classification society headquartered in Norway. The company currently has about 12,000 employees and 350 offices operating in more than 100 countries and provides services for several industries including maritime, oil & gas, renewable energy, electrification, food & beverage, and healthcare. The company is the world's largest classification society, providing services for 13,175 vessels and mobile offshore units (MOUs) amounting to 265.4 million gross tonnes, which represents a global market share of 21%. The company is also the largest technical consultancy and supervisory to the global renewable energy (particularly wind, wave, tidal, and solar) and oil and gas industry.
Eurofins Scientific through its subsidiaries is the world leader in food, environment, pharmaceutical and cosmetic products testing, and agroscience CRO services. The company is also one of the global independent market leaders in testing and laboratory services for genomics, discovery pharmacology and forensics, advanced material sciences, and supporting clinical studies. In addition, Eurofins is one of the key emerging players in specialty esoteric and molecular clinical diagnostic testing in Europe and the USA. With 55,000 staff across a network of more than 1000 independent companies in over 50 countries and operating 900 laboratories, Eurofins offers a portfolio of over 200,000 analytical methods for evaluating the safety, identity, composition, authenticity, origin, and purity of biological substances and products, as well as for innovative clinical diagnostics. The main objective is to provide their customers with high-quality services, accurate results on time, and expert advice from their highly qualified staff.
DEKRA Certification GmbH is located in Stuttgart, Baden-Württemberg, Germany and is part of the Architectural, Engineering, and Related Services Industry. The company ensures the safety of human interaction with technology and the environment. The company has 200 employees at this location and there are 1,384 companies in the DEKRA Certification GmbH corporate family. The company's service portfolio includes services ranging from vehicle inspection and expert appraisals to claims services, industrial and building inspections, safety consultancy, testing and certification of products and systems, as well as training courses and temporary work.
ALS Limited is a locally owned public company, deriving revenue from the provision of testing, measurement, and inspection services in mining and mineral exploration, equipment maintenance, and food and pharmaceutical quality assurance. The company employs over 15,630 people, operates in over 65 countries globally, and is headquartered in Stafford, Queensland. The company is a global analytical laboratory and testing company that provides various products and services to industries within the Life Sciences, Commodities, and Industrial sectors. These products and services include Asset integrity & reliability, coal quality, Commodity trade & inspection, Consumer products, Drug testing, Environmental testing, Food safety & quality, Geochemistry, Industrial hygiene, Laboratory design & buildMetallurgy, Oil & Gas, Pharmaceutical, Oil, fuel & coolant analysis, and Product certification.
BSI Group was formed in 1901; the company was the world's first National Standards Body and over a century. Later, the company is globally recognized as a champion of best practices. BSI is responsible for originating many of the world's most commonly used management systems standards and publishes over 2,700 standards annually. The company works with over 80,000 clients every year in 172 countries worldwide to help them adopt and cultivate the habits of best practices. Clients are trained and provided with practical guidance for implementation alongside a suite of compliance tools. Moreover, to ensure the consumers receive the very best service, the company is also independently assessed and accredited globally by ANAB (ANSI-ASQ National Accreditation Board).
SAI Global is a recognized leading provider of integrated risk management solutions, assurance, and property services. The company helps organizations to protect their brands by proactively managing risk to achieve business excellence, growth, sustainability, and trust. The company provides World-class solutions that empower management of risk, property, and learning. The company develops innovative business solutions with industry-leading products and solutions in the core business areas of risk management software, standards aggregation, regulatory content, ethics and compliance learning, risk assessments, certification, testing, and audits.
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For More Information about each of these companies. Vantage Market Research Report comes up with a detailed analysis of each major player in the industry. The Study provides Global market size & share, Emerging trends, In-depth analysis of key players, Development opportunities, Sales, Revenue Forecast.
