Americas Testing, Inspection And Certification Market Size

Americas Testing, Inspection & Certification Market Analysis

The Americas Testing, Inspection And Certification Market size is estimated at USD 41.27 billion in 2024, and is expected to reach USD 58.76 billion by 2029, growing at a CAGR of 7.32% during the forecast period (2024-2029).

The primary role of testing, inspection, and certification companies is to maintain the health, safety, and quality requirements of their clients’ products. Testing, inspection, and certification companies are engaged in inspection, verification, testing, and certification services to help increase productivity and help local manufacturers comply with global standards.

• Quality infrastructure plays a vital role in business, innovation, and trade, both nationally and across borders. Quality infrastructure is the system put in place to ensure products and services are safe and of high quality. It covers everything from standardization and conformity assessment (testing, inspection, and certification) to accreditation, metrology, and market surveillance.
• Moreover, with the growing manufacturing sector, there has been a significant rise in the concept of Good Manufacturing Practice (GMP) regulations enforced by the FDA. CGMP provides systems that ensure the proper design, monitoring, and control of manufacturing processes and facilities. Adherence to the CGMP regulations assures the identity, strength, quality, and purity of products by requiring that manufacturers of medications adequately control manufacturing operations, driving the role of the TIC market in the Americas region.
• Consumers are required to be able to obtain accurate, unbiased information about the products and services they purchase, which enables them to make the best choices based on their interests and prevents them from being mistreated or misled by businesses. However, unfair trade practices that deceive and harm the consumer by offering low-quality products and making it difficult to discern have become increasingly intolerable in the Americas because they affect market efficiency and harm companies that respect the consumer, discouraging them from remaining in the market, or in some cases urging them to adopt the same practice.
• Globalization of trade leads to a complex supply chain that can impact product quality. Therefore, TIC services are required at every stage of the supply chain to maintain the same. Due to rapid globalization, privatization of state-owned laboratories, and increasing standards of end-user efficiency, complex supply chains have posed major challenges to the TIC market.​
• The transformation of the automotive industry post-pandemic toward electrification is fueling the demand for the TIC market. The United States is one of the largest markets for electric vehicles, and the country has also recorded rapid growth in EV sales in recent years. For instance, as per the United States Department of Energy, EV sales grew by 85% from 2020 to 2021, while sales of plug-in hybrid electric vehicles (PHEVs) more than doubled in 2021, with an increase of 138% over the previous year. Furthermore, as per Cox Automotive, a record 1.2 million EVs were sold in the United States in 2023.