Market Share of APAC Testing, Inspection, and Certification (TIC) Industry
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
SGS Group
Intertek Group PLC
Bureau Veritas Group
AmSpec Services LLC
HQTS Group Ltd
*Disclaimer: Major Players sorted in no particular order
