APAC Testing, Inspection & Certification Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Market Report Covers Asia Pacific TIC Companies and is Segmented By Type (In-house, and Outsourced), By Service Type (Testing and Inspection, and Certification), by End User (Industrial Manufacturing, Automotive and Transportation, Oil and Gas, Mining and Downstream Applications, Food and Agriculture, Building and Infrastructure, Consumer Goods and Retail, and Other End Users), and by Country (China, India, Japan, South Korea, Southeast Asia, and Rest of Asia-Pacific). The market size and forecasts are provided in terms of value (USD billion) for all the above segments.

APAC Testing, Inspection & Certification (TIC) Market Size

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APAC Testing, Inspection and Certificate Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 75.62 Billion
Market Size (2029) USD 98.83 Billion
CAGR (2024 - 2029) 5.50 %
Market Concentration Low

Major Players

Asia-Pacific Testing, Inspection, and Certification Market Major Players

*Disclaimer: Major Players sorted in no particular order

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APAC Testing, Inspection & Certification (TIC) Market Analysis

The APAC Testing, Inspection, and Certification Market size is estimated at USD 75.62 billion in 2024, and is expected to reach USD 98.83 billion by 2029, growing at a CAGR of 5.5% during the forecast period (2024-2029).

  • The introduction of advanced technologies across various sectors has increased the demand for TIC services in the APAC region, as it promotes safe technology development and adoption while maintaining compliance. It also provides the necessary certifications as certain industries, including healthcare and pharmaceuticals, food and beverage, automotive, and industrial manufacturing, to name a few, require internationally certified products and technologies.
  • Testing, inspection, and certification (TIC) play a significant role, primarily in ensuring that the infrastructure, services, and products meet the standards and regulations of safety and quality. Due to the high demand for inspection and testing at regular intervals across a few industries, such as oil and gas, the TIC market is expected to witness growth, irrespective of the industrial seasonality.
  • The testing, inspection, and certification industry is a major contributor to the global and regional economies as it helps improve the quality of products used across various end-users. Furthermore, TIC services help reduce product recalls and maintain compliance with regulatory authorities and standards governing different industries.
  • Testing, inspection, and certification services require third-party verification for certain products, which leads to a time-consuming process. The occurrence of time-consuming procedures for providing TIC to certain products hampers the export and import of products. Most companies find this a significant concern as time-consuming qualification testing leads to delays in importing the goods, further hindering the company's productivity. This critical challenge will thus dampen the growth of the TIC market.
  • The COVID-19 pandemic had an impact on every industry, and the level of resilience varies depending on where demand and production have been negatively impacted and where demand has been resilient or even increased. Market players quickly adopted remote and digital testing to ensure they could continue providing their services. Overall, the TIC sector has been resilient in the face of the pandemic crisis despite operating constraints and customer challenges. Still, some sectors have been particularly hit by the economic downturn, moderately impacting the player's revenue and exposure to the end market.

APAC Testing, Inspection & Certification (TIC) Market Trends

This section covers the major market trends shaping the APAC Testing, Inspection, & Certification (TIC) Market according to our research experts:

Emergence of APAC as a Major Manufacturing Hub to Aid Market Demand for TIC Services

  • Manufacturing is one of the most significant contributors to the Asia-Pacific's economy and is undergoing a rapid transformation. Technological advancements, such as Industry 4.0, have been aiding industries' transition from legacy systems to smart components and machines. The facilitation of digital factories and, later on, an ecosystem of connected plants and enterprises are driving the market studied.
  • Industry 4.0, the latest revolution in the manufacturing landscape, led factories to integrate production machines, wireless connectivity, and sensors and link them to a system platform ecosystem that oversees the production line process and executes decisions autonomously.
  • The use of software, such as PLC, SCADA, ERP, DCS, HMI, PLM, and MES, has enabled industries to gather real-time data and make decisions based on them. The software has been beneficial for the industry in reducing the faults in the product, reducing downtime, scheduled maintenance, and switching from reactive to predictive and prescriptive stages and decision-making.
  • Moreover, according to the World Bank, China accounted for approximately 29.76% of global manufacturing output in 2021, with the total value added by the Chinese manufacturing sector amounting to almost USD 4.8 trillion. The significant contribution puts the country more than ten percentage points ahead of the United States, which used to have the world's largest manufacturing sector until China overtook it in 2010.
  • The adoption of international standards on environmental management systems, notably the ISO 50001 standard, has grown significantly over the last few years. The trend is also forcing manufacturers to invest in energy-saving strategies, hence, developing space for the market studied to grow.
  • Manufacturers are focusing more on enhancing competitiveness by streamlining supply chains, reducing costs, and improving safety in the workplace. Simultaneously, solutions like robotics, analytics, and cybersecurity strengthen their ability to meet quality norms. According to World Bank, the contribution of India's manufacturing industry to the country's GDP was valued at over USD 446.5 billion, contributing 16% of the country's GDP.
Asia-Pacific Testing, Inspection, and Certification Market : Value Added by the Manufacturing Industry to GDP, Revenue in USD Billion, by Country, Asia Pacific, 2021

China Holds Largest Market Share

  • China is one of the fastest developing economies in the Asia-Pacific region, which makes it an attractive spot for the TIC market to flourish. Furthermore, the growing awareness among consumers regarding product safety and quality is expected to create growth in areas such as food and consumer goods testing.
  • Increasing foreign investments are expected to drive growth. To achieve progressive liberalization, the Chinese government has laid out favorable policies for international players to establish their presence in the country. Increasing adoption and development of alternative fuel vehicles, such as hybrid and electric vehicles, are anticipated to boost the testing and inspection activities for such vehicles, thus driving the market's growth.
  • According to IEA, China's electric vehicle (EV) stock was around 7.8 million units in 2021 from 4.5 million units in 2020. The surge in demand is expected to fuel the need for TIC in the forecast time frame.
  • In recent years, the country witnessed rapidly growing demand and nationally invested innovation policies, due to which the government witnessed increased investments in R&D and manufacturing for creating solutions and technologies to automate the manufacturing processes.
  • Moreover, China is one of the world's largest consumers and importers of oil and gas after the United States. China has become an attractive destination due to the development of indigenous industries and subsequent acceleration in exports, the introduction of stringent standards, and rapid urbanization. Furthermore, the low global crude oil prices have allowed the Chinese government to fill its strategic petroleum reserve with inexpensive foreign crude oil, providing significant opportunities for adopting TIC services in the downstream oil and gas sector.
Asia-Pacific Testing, Inspection, and Certification Market : Volume of EV Stock in APAC, by Country, in thousands, 2021

APAC Testing, Inspection & Certification (TIC) Industry Overview

The Asia-Pacific testing, inspection, and certification market is highly fragmented, with the presence of key players like the SGS Group, Intertek Group PLC, Bureau Veritas Group, AmSpec Services LLC, and HQTS Group Ltd. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

In November 2022, SGS launched the SGS Food Contact Product Certification Mark to help manufacturers and suppliers demonstrate the compliance, safety, and performance of their products. The SGS Food Contact Product Certification Mark covers both mandatory safety requirements and voluntary performance parameters. It improves traceability and builds consumer confidence while simplifying market access and delivering a competitive advantage.

In November 2022, Cotecna China inked a strategic collaboration agreement with a significant subsidiary of CNMC International Trading, a powerful state-owned firm in China, in the presence of top government representatives from the Shanghai local government. The two businesses will begin extensive cooperation in various industries, including sustainability, minerals and metals, logistics, warehousing, and trading through this alliance.

In May 2022, Intertek announced 5G assurance, testing, and certification services for East Asian customers. The authorizations enable Intertek-Taiwan to assist East Asian producers with testing and certification following PTCRB specifications required for North American operators' approvals of smartphones, laptops, modules, and IoT devices.

APAC Testing, Inspection & Certification (TIC) Market Leaders

  1. SGS Group

  2. Intertek Group PLC

  3. Bureau Veritas Group 

  4. AmSpec Services LLC

  5. HQTS Group Ltd

*Disclaimer: Major Players sorted in no particular order

APAC Testing, Inspection, and Certification Market Concentration
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APAC Testing, Inspection & Certification (TIC) Market News

  • December 2022: SGS inaugurated a new multidisciplinary 1,300 m2 Center of Excellence Testing Facility in Dubai. The laboratory will concentrate on analytical testing - physical, chemical, and microbial contamination - for cosmetic and personal care products. It is ISO/IEC 17025 accredited and has a Class 10,000 cleanroom certification.
  • October 2022: Intertek Group PLC launched the "As Advertised" Program. The program is designed for online marketplaces that offer end-to-end risk-based Total Quality Assurance over third-party sellers, guaranteeing that their supply chains, goods, customer experience, and service quality are as stated and boosting end users' confidence and happiness. After completing all assessment courses, third-party sellers have the option of choosing the As Advertised Verified Seller Mark.

APAC Testing, Inspection & Certification (TIC) Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Industry Ecosystem Analysis

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitutes

      5. 4.3.5 Intensity of Competitive Rivalry

      6. 4.3.6 Assessment of the Impact of COVID-19 on the Market

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Growing Emphasis on Adopting Export-friendly Practices by Mitigating Product Recalls and Scope for Counterfeiting and Piracy

      2. 5.1.2 Emergence of APAC as a Major Manufacturing Hub to Aid Market Demand for TIC Services

    2. 5.2 Market Challenges

      1. 5.2.1 Growing Complexity in Supply Chain Leading to an Increase in the Lead Times for Assessment Programs

      2. 5.2.2 The Presence of Diverse Standards Makes It Complicated for Non-incumbents to Ensure Compliance

    3. 5.3 Major TIC Standards and Regulations in Asia-Pacific

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Type

      1. 6.1.1 In-house

      2. 6.1.2 Outsourced

    2. 6.2 By Service Type

      1. 6.2.1 Testing and Inspection

      2. 6.2.2 Certification

    3. 6.3 By End User

      1. 6.3.1 Industrial Manufacturing

      2. 6.3.2 Automotive and Transportation

      3. 6.3.3 Oil and Gas

      4. 6.3.4 Mining and Downstream Applications

      5. 6.3.5 Food and Agriculture

      6. 6.3.6 Building and Infrastructure

      7. 6.3.7 Consumer Goods and Retail

      8. 6.3.8 Other End Users

    4. 6.4 By Country

      1. 6.4.1 China

      2. 6.4.2 India

      3. 6.4.3 Japan

      4. 6.4.4 South Korea

      5. 6.4.5 Southeast Asia

      6. 6.4.6 Rest of Asia-Pacific

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 SGS Group

      2. 7.1.2 Intertek Group PLC

      3. 7.1.3 Bureau Veritas Group

      4. 7.1.4 AmSpec Services LLC

      5. 7.1.5 HQTS Group Ltd

      6. 7.1.6 Cotecna Inspection SA

      7. 7.1.7 UL LLC

      8. 7.1.8 TUV SUD

      9. 7.1.9 Apave Japan Co. Limited

      10. 7.1.10 TUV Rheinland

      11. 7.1.11 Seoul Inspection & Testing Co. Limited

      12. 7.1.12 SIRIM QAS International Sdn Bhd

      13. 7.1.13 ALS Malaysia (ALS Limited)

      14. 7.1.14 ABS Group

      15. 7.1.15 Setsco Services Pte Ltd (Vicom Ltd)

      16. 7.1.16 PT Carsurin

      17. 7.1.17 Singapore Test Lab Pte Ltd

      18. 7.1.18 PT SUCOFINDO Perseo

    2. *List Not Exhaustive
  8. 8. VENDOR POSITIONING ANALYSIS - ASIA PACIFIC TIC MARKET

  9. 9. INVESTMENT ANALYSIS AND FUTURE OF THE MARKET

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APAC Testing, Inspection & Certification (TIC) Industry Segmentation

The testing, inspection, and certification industry consist of conformity assessment bodies that offer services ranging from auditing and inspection to testing, verification, quality assurance, and certification.

The study tracks the revenue accrued from the various types of TIC services that are provided across end-user industries in the Asia-Pacific by service providers. In addition, the study provides the TIC market trends, along with key vendor profiles. The study further analyzes the overall impact of COVID-19 on the ecosystem.

The Asia-Pacific testing, inspection, and certification (TIC) market study provides a comprehensive analysis of the market segmented by type (in-house and outsourced), by service type (testing and inspection, and certification), by end-user (industrial manufacturing, automotive and transportation, oil and gas, mining and downstream applications, food and agriculture, building and infrastructure, consumer goods and retail, and other end users), and by country (China, India, Japan, South Korea, Southeast Asia, and Rest of Asia-Pacific). The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

By Type
In-house
Outsourced
By Service Type
Testing and Inspection
Certification
By End User
Industrial Manufacturing
Automotive and Transportation
Oil and Gas
Mining and Downstream Applications
Food and Agriculture
Building and Infrastructure
Consumer Goods and Retail
Other End Users
By Country
China
India
Japan
South Korea
Southeast Asia
Rest of Asia-Pacific
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APAC Testing, Inspection & Certification (TIC) Market Research FAQs

The APAC Testing, Inspection, and Certification (TIC) Market size is expected to reach USD 75.62 billion in 2024 and grow at a CAGR of 5.5% to reach USD 98.83 billion by 2029.

In 2024, the APAC Testing, Inspection, and Certification (TIC) Market size is expected to reach USD 75.62 billion.

SGS Group, Intertek Group PLC, Bureau Veritas Group , AmSpec Services LLC and HQTS Group Ltd are the major companies operating in the APAC Testing, Inspection, and Certification (TIC) Market.

In 2023, the APAC Testing, Inspection, and Certification (TIC) Market size was estimated at USD 71.68 billion. The report covers the APAC Testing, Inspection, and Certification (TIC) Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the APAC Testing, Inspection, and Certification (TIC) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

APAC Testing, Inspection & Certification (TIC) Industry Report

Statistics for the 2024 APAC Testing, Inspection & Certification (TIC) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. APAC Testing, Inspection & Certification (TIC) analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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APAC Testing, Inspection & Certification Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)