Bureau Veritas, SGS SA, Eurofins Scientific are Dominating the Global Construction Product Certification Market in 2020

Global Construction Product Certification Market is expected to grow with the CAGR of 7.3% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global construction product certification market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global construction product certification market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in April 2020, Bureau Veritas introduced a voluntary certification scheme to support the development of Industry X.0. This certification addresses the challenges of quality, safety, and environmental performance in the field of additive manufacturing. This has helped the company to enhance its offerings and customer base in the market.

Bureau Veritas is the dominating players in the market followed by British Standards Institution, SGS SA, QVC Certification Services Pvt Ltd, Centexbel, RINA S.p.A., Intertek Group plc, CSA Group, DNV GL, Eurofins Scientific, ALS Limited, DEKRA CERTIFICATION B.V., TÜV SÜD, Applus+, UL LLC, TÜV Rheinland, among others.

Construction Product Certification MarketBureau Veritas

Bureau Veritas headquartered in Maharashtra, India, was founded in year 1828. The company is engaged in manufacturing and providing testing, inspection and certification services to various industries. The company offers wide range of service categories such as automotive & transport, buildings & infrastructure, chemicals, commodities & agriculture, consumer products & retail, financial services & public sector, food, marine & offshore, oil & gas, power & utilities and cross-market services out of which cross-market services is the market focused product category.

  • In March 2019, Bureau Veritas entered into a partnership with OSMOS Group to develop integrated structural health inspection and monitoring services, driven by advanced analytics, for the building and infrastructure market. This partnership combined the company’s global footprint, international market access, and deep industry knowledge with OSMOS Group structural asset management system. This has helped the company to enhance their customer base and to grow in the market.

The company has presence North America, South America, Asia-Pacific, Europe, Australia, Middle East and Africa, generates revenue from subsidiaries such as BUREAU VERITAS UK LIMITED (U.K.), Bureau Veritas (India) Pvt. Ltd. (India), Bureau Veritas Certification (Singapore) Pte Ltd (Singapore), Bureau Veritas China (China), Bureau Veritas Australia Pty Ltd (Australia), among others.

SGS SA

SGS SA headquartered in Geneva, Switzerland, was founded in 1878. The company is engaged in developing and providing inspection, verification, testing and certification to the organizations. The company offers wide range of product categories such as agriculture & food, certification, chemical, construction, consumer goods & retail, energy, environment, health & safety, industrial manufacturing, life sciences, mining, oil & gas, public sector, sustainability, trade, training services and transportation out of which construction is the market focused product category.

  • In September 2020, SGS SA has secured approval from the U.S. Occupational Safety and Health Administration (OSHA) to test and certify electrical and electronic products. Under this, the company has expanded in line with OSHA's new safety standards. These include four standards: UL 62841-2-8, UL 62841-2-11, UL 62841-3-4 and UL 62841-3-6. This has helped the company to enhance its product offerings and to grow in the market.

The company has wide global presence across the North America, South America, Europe, Asia-Pacific, Australia, Middle East and Africa, generates revenue from subsidiaries such as SGS United Kingdom Limited (U.K.), SGS North America Inc. (North America), SGS Australia Pty Ltd (Australia), Galson Laboratories (U.S.), SGS Hong Kong Limited (China), among others.

Eurofins Scientific

Eurofins Scientific is headquartered in Val Fleuri, Luxembourg, which was founded in 1987. The company is engaged in manufacturing and providing analytical testing services to various industries. The company has service categories which are expert services & regulatory, certifications international approvals, inspection & audits, testing, digital media & cybersecurity out of which certifications international approvals is the market focused product category.

  • In November 2020, Eurofins Scientific launched CCC certification services in cooperation with the Certification Center of Light Industry Council (CCLC). This certification is developed to ensure safety for consumers in China. This has helped the company to enhance its offerings and presence in the market.

The company has wide global presence across the North America, South America, Asia-Pacific, Europe, Australia, Middle East and Africa, generates revenue from subsidiaries such as Lancaster Laboratories (U.S.), DiscoveRx (U.S.), GeneScan Europe (Germany, GATC Biotech (Germany), Viracor-IBT Laboratories (U.S.), among others.