Government regulations play a vital role in the testing, inspection, and certification market, which eventually molds the rule for the construction sector. Government and regulatory bodies around the globe have drafted quality guidelines for building and construction materials. The government has passed rule and regulations for selecting better quality materials during construction. In India, BIS (Bureau of Indian Standards) has set a guidelines for the different type of quality standards that the contractors use during the contracted the project.
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Global Testing, Inspection, and Certification (TIC) Market for building & construction is expected to reach USD 31,111.15 million by 2028 from USD 20,251.85 million in 2020, growing with a substantial CAGR of 5.8% of in the forecast period of 2021 to 2028. As the demand for structural safety in the building and construction industry grows, so does the demand for testing, inspection, and certification (TIC) services. As a result of its ability to guarantee the timely completion of construction projects, many builders and contractors favor TIC. The market may be constrained by pricing volatility for testing techniques. The market for TIC service providers may offer potential with the rise of green and sustainable construction. However, the market may face difficulties due to a shortage of testing facilities and qualified personnel.
Increasing demand for structural safety in building & construction industry will drive the market's growth rate
The construction industry is changing rapidly with introduction of new technology and construction materials, on a daily basis, which has results in growing utilization of TIC services in building and construction. Marking & grading, excavation, concreting, carpentry, brick masonry, plumbing, welding, electrical and other physical activities are included in building and construction projects. Testing, Inspection, and Certification helps provide lots of benefit to architects, manufacturers, contractors, developers or buyer of the building. TIC services help the clients buy better buildings and improve the performance while constructing the projects. This is a major driving factor for the market's growth.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2021 to 2028
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Base Year
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2020
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Historic Years
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2019 (Customizable to 2013 - 2018)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Service Type (Testing, Inspection and Certification), Sourcing Type (In-House, and Outsourced), Testing Type (Structural Testing, Engineering Support, Fire Safety Testing, Indoor Environment Testing, Heat Pump Testing, Acoustics Testing and Wind Load Testing), Application (Infrastructural, Commercial Buildings and Residential Buildings)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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ALS Limited (Australia), UL LLC (U.S.), BUREAU VERITAS (France), SGS SA (Switzerland), ANTYIPOUR LLC (U.S.), Element Materials Technology (Ukraine), Intertek Group plc (U.S.), DEKRA e.V. (Germany), Applus+ (Spain), MISTRAS Group (U.S.), Eurofins Scientific (Luxembourg), The British Standards Institution (U.K.), TÜV Rheinland (Germany), Lloyd's Register Group Services Limited (U.K.), DNV AS (Norway), TÜV NORD GROUP (Germany), Türk Loydu (Germany) and TÜV SÜD (Germany) among others.
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis:
Global testing, inspection, and certification (TIC) market for building & construction is categorized into four notable segments, which are based on the basis of service type, sourcing type, testing type and application.
- On the basis of service type, the market is segmented into testing, inspection and certification. In 2021, testing segment is expected to dominate the market with 63.79% market share as governments have imposed various stringent regulations and standards, which have to be followed by each company.
- On the basis of sourcing type, the market is segmented into in-house and outsourced. In 2021, in-house segment is expected to dominate the market with 76.13% market share because it helps key players improve their brand loyalty and increase customer engagement across the globe.
- On the basis of testing type, the market is segmented into acoustics testing, engineering support, fire safety testing, heat pump testing, indoor environment testing, structural testing and wind load testing. In 2021, structural testing segment is expected to dominate the market with 26.07% market share because of increasing demand for construction of residential and commercial buildings.
The structural testing segment will dominate the testing type segment of the testing, inspection, and certification (TIC) market for building & construction market
The structural testing segment will emerge as the dominating segment under testing type segment in 2021. This is because of the growing number of structural testing in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.
- On the basis of application, the market is segmented into residential buildings, commercial buildings and infrastructural. In 2021, infrastructural segment is expected to dominate the market with 45.71% market share because of growing infrastructural projects worldwide. In Asia-Pacific, infrastructural segment is dominating because of exponential growth in infrastructural work. In Europe, the demand for infrastructural is dominating owing to new opportunities for construction in the region.
The infrastructural segment will dominate the application segment of the testing, inspection, and certification (TIC) market for building & construction market
The infrastructural segment will emerge as the dominating segment under application in 2021 with approximately 46% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the semiconductors industry all around the globe will further bolster the growth of this segment.
Major Players
Data Bridge Market Research recognizes the following companies as the market players in testing, inspection, and certification (TIC) market for building & construction market: ALS Limited (Australia), UL LLC (U.S.), BUREAU VERITAS (France), SGS SA (Switzerland), ANTYIPOUR LLC (U.S.), Element Materials Technology (Ukraine), Eurofins Scientific (Luxembourg), DNV AS (Norway), TÜV NORD GROUP (Germany), Türk Loydu (Germany) and TÜV SÜD (Germany).
Market Development
- Applus+, a major player in testing, inspection, and certification, expanded its presence in Indonesia with ASME Certification in February 2022. (American Society of Mechanical Engineers). Furthermore, as an Authorized Inspection Agency, the company would make significant efforts to ensure that its inspectors have the highest technical expertise in the region. Their employees would help customers with certification inspections and would actively participate in the inspection process.
- Method Park, a German company specialising in software solutions, process engineering, training, and advisory services for the automotive, aerospace, and medical industries, was acquired by UL LLC, a global provider of safety certification services, in July 2022. The acquisition expands UL LLC's ability to help customers advance innovative safety, business transformation, and regulatory and standards compliance.
Regional Analysis
Geographically, the countries covered in the testing, inspection, and certification (TIC) market for building & construction market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in testing, inspection, and certification (TIC) market for building & construction market during the forecast period 2021 - 2028
The Asia Pacific region dominates the global market. Rising economic development in countries such as China, India, Japan, and South Korea can be attributed to the high revenue share. This has resulted in an increase in industrial and manufacturing activity in the region, providing opportunities for growth in the TIC market.
Europe is estimated to be the fastest-growing region in testing, inspection, and certification (TIC) market for building & construction market the forecast period 2021 - 2028
Europe is expected to grow significantly during the forecast period. The presence of a significant automotive industry in Germany and France facilitates the need for their companies to deploy an efficient testing and inspection ecosystem.
COVID-19 Impact
Significant players in the TIC market have begun to diversify and expand their service offerings. The need to mitigate the COVID-19 crises has prompted businesses to offer wastewater testing and analysis products and services. For instance, the Centers for Disease Control and Prevention, the United States national public health organization, announced in February 2022 that it would expand efforts to obtain wastewater samples from towns in order to look for traces of the coronavirus.
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