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Global (TIC) Market for Building & Construction Market to 2032

Overview

The Global (TIC) Market for Building & Construction Market is expected to reach a 38.91 USD Billion by 2032 and is projected to grow at a CAGR of 5.75% from 2025 to 2032.

Revenue, 2024 (USD Billion)
24.13
Forecast, 2032 (USD Billion)
38.91
CAGR, 2024 - 2032
5.75%
Report Coverage
Global

Global (TIC) Market for Building & Construction Market 2018-2032 USD Billion

Global (TIC) Market for Building & Construction Market, Key Findings (2025-2032)

Market Growth and Projections:

  • Market Size (2024): 24.13 USD Billion
  • Projected Market Size (2032): 38.91 USD Billion
  • CAGR (2025-2032): 5.75%

Key Findings of Global (TIC) Market for Building & Construction Market

  • The Global (TIC) Market for Building & Construction Market was valued at 38.91 USD Billion in 2024.
  • The Global (TIC) Market for Building & Construction Market is likely to grow at a CAGR of 5.75% during the forecast period of 2024 to 2032.
  • In 2024, the Largest segment In-House in Sourcing Type Segment accounted for the largest share of the market with a revenue of 18.55 USD Billion
  • The fastest growing segment Structural Testing in Testing Type Segment grew Fastest with a CAGR of 6.82% during the forecast period from 2024 to 2032.

Global (TIC) Market for Building & Construction Market Scope

Global (TIC) Market for Building & Construction Market Segmentation & Scope
Application
  • Residential Buildings
  • Commercial Buildings
  • Infrastructural
Testing Type
  • Wind Load Testing
  • Acoustics Testing
  • Heat Pump Testing
  • Indoor Environment Testing
  • Fire Safety Testing
  • Engineering Support
  • Structural Testing
Sourcing Type
  • Outsourced
  • In-House
Service Type
  • Certification
  • Inspection
  • Testing

Global (TIC) Market for Building & Construction Market Data Coverage Insights

Study Period 2024-2032
Base Year 2020
Unit Revenue in USD Billion
Market Value in 2024 24.13 USD Billion
Market Value in 2032 38.91 USD Billion
CAGR (2025-2032) 5.75%
Historic Data 2016-2023
Market Segments Covered Application,Testing Type,Sourcing Type,Service Type

Regional Insights:

  • Leading Market (2024-2032): Global, leading in terms of revenue 24.13 USD Billion in 2024
    • Key Country: U.S., leading in terms of revenue with value of 3,395.85 USD Million in 2024.

Segments and Scope

  • Global (TIC) Market for Building & Construction Market to 2032, By Application
    • Infrastructural is the largest segment in Global (TIC) Market for Building & Construction Market to 2032 with a revenue of 11.23 USD Billion in the year 2024.
    • Infrastructural is the Fastest growing segment in Global (TIC) Market for Building & Construction Market to 2032 with a Growth rate of 6.38 % in forecast period 2025-2032.
  • Global (TIC) Market for Building & Construction Market to 2032, By Testing Type
    • Structural Testing is the largest segment in Global (TIC) Market for Building & Construction Market to 2032 with a revenue of 6.49 USD Billion in the year 2024.
    • Structural Testing is the Fastest growing segment in Global (TIC) Market for Building & Construction Market to 2032 with a Growth rate of 6.82 % in forecast period 2025-2032.
  • Global (TIC) Market for Building & Construction Market to 2032, By Sourcing Type
    • In-House is the largest segment in Global (TIC) Market for Building & Construction Market to 2032 with a revenue of 18.55 USD Billion in the year 2024.
    • In-House is the Fastest growing segment in Global (TIC) Market for Building & Construction Market to 2032 with a Growth rate of 6.09 % in forecast period 2025-2032.
  • Global (TIC) Market for Building & Construction Market to 2032, By Service Type
    • Testing is the largest segment in Global (TIC) Market for Building & Construction Market to 2032 with a revenue of 10.77 USD Billion in the year 2024.
    • Testing is the Fastest growing segment in Global (TIC) Market for Building & Construction Market to 2032 with a Growth rate of 6.31 % in forecast period 2025-2032.

Global (TIC) Market for Building & Construction Market Company Share Analysis

 
Company Name Company Share Analysis
Intertek Group plc
Lloyd's
TÜV SÜD
SGS Société Générale de Surveillance SA
BUREAU VERITAS
Global (TIC) Market for Building & Construction Market Company Share Analysis

Global (TIC) Market for Building & Construction Market Geographical Sales Distribution, 2018-2032 USD Billion

Global (TIC) Market for Building & Construction Market Geographical Sales Distribution, 2018-2032 USD Billion

Global (TIC) Market for Building & Construction Market Company Profiling

Global (TIC) Market for Building & Construction Market Company Profiling

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Frequently Asked Questions
The Global (TIC) Market for Building & Construction Market is segmented based on Segmentation Application,Testing Type,Sourcing Type,Service Type.
Global (TIC) Market for Building & Construction Market was valued at USD 24.13(Revenue in USD Billion) in 2020.
Global (TIC) Market for Building & Construction Market is projected to grow at a CAGR of 5.75% during the forecast period of 2024 to 2032.
The In-House segment is expected to dominate the Global (TIC) Market for Building & Construction Market, holding a largest market share of 18.55 USD Billion in 2024

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Global (TIC) Market for Building & Construction Market Scope

Global (TIC) Market for Building & Construction Market Segmentation & Scope
Application
  • Residential Buildings
  • Commercial Buildings
  • Infrastructural
Testing Type
  • Wind Load Testing
  • Acoustics Testing
  • Heat Pump Testing
  • Indoor Environment Testing
  • Fire Safety Testing
  • Engineering Support
  • Structural Testing
Sourcing Type
  • Outsourced
  • In-House
Service Type
  • Certification
  • Inspection
  • Testing
Frequently Asked Questions
The Global (TIC) Market for Building & Construction Market is segmented based on Segmentation Application,Testing Type,Sourcing Type,Service Type.
Global (TIC) Market for Building & Construction Market was valued at USD 24.13(Revenue in USD Billion) in 2020.
Global (TIC) Market for Building & Construction Market is projected to grow at a CAGR of 5.75% during the forecast period of 2024 to 2032.
The estimated market value of the Global (TIC) Market for Building & Construction Market for final year is USD 38.91 (USD Billion).

Global (TIC) Market for Building & Construction Market Company Profiling

Global (TIC) Market for Building & Construction Market Company Profiling
Frequently Asked Questions
The Global (TIC) Market for Building & Construction Market is segmented based on Segmentation Application,Testing Type,Sourcing Type,Service Type.
Global (TIC) Market for Building & Construction Market was valued at USD 24.13(Revenue in USD Billion) in 2020.
Global (TIC) Market for Building & Construction Market is projected to grow at a CAGR of 5.75% during the forecast period of 2024 to 2032.
The estimated market value of the Global (TIC) Market for Building & Construction Market for final year is USD 38.91 (USD Billion).

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