Updated Research Report of Testing and Inspection Services Market 2020-2025:
The global Testing and Inspection market was valued at USD 218.44 billion in 2019, and it is expected to reach USD 277.25 billion by 2025, registering a CAGR of 5.94%, during the forecasted period (2020-2025).?The advent of new technologies, and the high demand for inspection and testing at regular intervals across a few industries, such as oil and gas, the TIS market is expected to witness growth, irrespective of the industrial seasonality.There is an increase in the volume of international imports and exports, especially for products, such as food and medical products. The Food and beverage, consumer electronics, agriculture, and automotive (electrical vehicles) markets are expected to provide more scope for TI services.Additionally, the environment-focused initiatives are driving the adoption of new testing standards, primarily with the aid of new technologies. For instance, the Detox campaigns, such as Greenpeace’s ZDHC (Zero Discharge of Hazardous Chemicals) campaign across Europe and America.
This campaign aimed to reduce the usage of harmful chemical substances in the textile industry (the second largest polluter of fresh water worldwide).However, trade wars and growth fluctuations have been challenging the end-user industries and with the recent outbreak of COVID 19, testing, inspection and certification market is playing crucial role by providing assurance that the product and services offered, especially in the healthcare sector, to the customers meet the fundamental safety and health requirements.
TIS council directed respective countries to continue providing the TI services for safety of workplace plant and machinery.For instance, company such as Dekra and SGS are providing their TI services with minimum disruption to their supply chain. However, the market is expected to experience slowdown in other sectors especially in transportation and manufacturing industries as the market has been significantly impacted by the lockdown strategy followed by the nations embracing the pandemic.
Segmentation by type: breakdown data from 2015 to 2020 in Section 2.3; and forecast to 2025 in section 10.7.
Initial Production Check (IPC)
During Production Check (DUPRO)
Final Random Inspection (FRI)
Loading/Unloading Supervision (LS/US)
Segmentation by application: breakdown data from 2015 to 2020, in Section 2.4; and forecast to 2025 in section 10.8.
Agriculture & Food
Consumer Goods & Retail
Oil & Gas
Health & Safety
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This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Alex Stewart International
National Insurance Inspection Services
USA Home Inspections
The ServiceMaster Company
U.S. Inspection & NDT, LLC
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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Major Key Points in Table of Content
1 Scope of the Report
2 Executive Summary
3 Global Testing and Inspection Services by Players
4 Testing and Inspection Services by Regions
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Global Testing and Inspection Services Market Forecast
11 Key Players Analysis
12 Research Findings and Conclusion