This report is designed for companies and decision-makers seeking actionable insights on market size, growth, trends, and competitive strategies to drive expansion and success in the Testing, Inspection, And Certification industry._x000D_
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What is the current market size of the testing, inspection, and certification industry, and what growth rate is it expected to achieve?_x000D_
The testing, inspection, and certification market size has grown steadily in recent years. It will grow from $227.58 billion in 2024 to $232.39 billion in 2025 at a compound annual growth rate (CAGR) of 2.1%. The growth in the historic period can be attributed to insurance and financial requirements, social responsibility and ethical practices, energy efficiency certification, third-party verification, increased complexity of products._x000D_
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The testing, inspection, and certification market size is expected to see strong growth in the next few years. It will grow to $296.26 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to increasing demand for certification in electric and autonomous vehicles, global efforts in climate change mitigation, increasing demand for certification in healthcare, increasing focus on cybersecurity testing, growth in e-commerce and supply chain certification. Major trends in the forecast period include digital transformation in tic, blockchain technology for certification, sustainability and green certification, remote and virtual inspection services, focus on health and safety certification._x000D_
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What are the major drivers contributing to the growth of the testing, inspection, and certification market?_x000D_
The strict regulatory standards imposed by governments to ensure product safety and environmental protection are expected to propel the growth of the testing, inspection, and certification market. The increased risk to human life and the influence on the environment are the main worries, prompting customers to seek dependable and high-quality products. Safety testing, inspection, and certification services are being implemented by many organizations worldwide to resolve product safety and quality problems by following legislative rules. In April 2023, according to the European Parliament and the Council passed Regulation (EU) 2023/851, which amends the previously established Regulation (EU) 2019/631.This amendment means that the CO2 emission standards for new passenger cars and light commercial vehicles have been made even more stringent. This change aligns with the European Union’s heightened climate goals and impacts on the emission standards that new vehicles, like the one you may be driving, must meet. Therefore, the strict regulatory standards imposed by governments will drive the testing, inspection, and certification market growth._x000D_
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What are the major market segments driving the growth of the testing, inspection, and certification industry?_x000D_
The testing, inspection, and certification market covered in this report is segmented –_x000D_
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1) By Service Type: Testing Service, Inspection Service, Certification Service_x000D_
2) By Sourcing Type: In-House, Outsourced_x000D_
3) By Application: Quality And Safety, Production Evaluation, Industrial Inspection, System Certification_x000D_
4) By End-User: Consumer Goods And Retail, Food And Agriculture, Oil And Gas, Construction And Engineering, Energy And Chemicals, Manufacturing, Transportation, Industrial And Automotive, Other End-Users_x000D_
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Subsegments:_x000D_
1) By Testing Service: Product Testing, Material Testing, Environmental Testing, Performance Testing, Compliance Testing_x000D_
2) By Inspection Service: Industrial Inspection, Construction Inspection, Quality Inspection, Safety Inspection, Regulatory Inspection_x000D_
3) By Certification Service: Product Certification, System Certification, Personnel Certification, Compliance Certification, Organic Certification_x000D_
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Which major trends are influencing the growth of the testing, inspection, and certification industry?_x000D_
The advent of new technologies in testing, inspection, and certification products and services is a key trend booming the testing, inspection, and certification market. Artificial intelligence is changing corporate operations in practically every sector, including testing, inspection, and certification. Automated inspection is used to satisfy the demands of physically challenging inspection zones. In June 2023, DEKRA, a Germany based leading inspection, verification, testing, and certification company, has launched the first generation of AI Testing and Certification services include AI Advisory and Training, AI Audit, and AI Testing. These services are designed to help companies ensure the safety, security, and trustworthiness of their AI-powered products and services._x000D_
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Who are the key market players contributing to the growth of the testing, inspection, and certification industry?_x000D_
Major companies operating in the testing, inspection, and certification market include Bureau Veritas SA, Element Materials Technology, AIM Control Inspection Group, ALS Limited, AMARC Public Co. Ltd, Applus Services SA, AsureQuality Limited, BSI Group, Dekra Certification GmbH, DNV GL Business Assurance USA Inc., Eurofins Scientific SE, FARE Labs Pvt. Ltd, Intertek Group plc, Kiwa NV, Metech, MISTRAS Group Inc., SAI Global Limited, SGS Group, TUV SUD Ltd, UL Group, Cotecna Inspection SA, China Certification, Lloyd’s Register Group Limited, Société Générale de Surveillance, Nippon Kaiji Kyokai, Japan Quality Assurance & Inspection Institute, Exova Group PLC, Korea Testing & Certification Agency, Underwriters Laboratories, Apave International_x000D_
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Which regions are leading the growth of the testing, inspection, and certification market globally?_x000D_
Asia-Pacific was the largest region in the testing, inspection and certification market in 2024.The regions covered in the testing, inspection, and certification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa_x000D_
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How Can Companies Use The Testing, Inspection, And Certification Market Report to Drive Business Results?_x000D_
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• Develop competitive products by tracking key technology shifts and user preferences._x000D_
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