Global Construction Product Certification Market – Industry Trends and Forecast to 2031

Global Construction Product Certification Market, By Product (Construction and Building Products, Power Generation and Energy Storage, Industrial and Hazardous Location Equipment, Information and Communications Technology, Lighting Products, Medical and Laboratory Equipment, Personal Protective Equipment, Tools and Outdoor Equipment, and others), Application (Interior Finishing, Insulation, Exterior Siding, Roofing, and others), End-User (Industrial, Commercial, and Residential) – Industry Trends and Forecast to 2031.

Construction Product Certification Market Analysis and Size

In the construction product certification market, rigorous standards ensure quality, safety, and compliance. Certification processes validate materials and methods, guaranteeing performance and regulatory adherence. This instils trust among stakeholders, promotes market transparency, and fosters innovation, driving sustainable practices and elevating industry standards for construction projects worldwide.

Data Bridge Market Research analyses that the global construction product certification market, which was USD 27.86 billion in 2023, is expected to reach USD 51.19 billion by 2031, growing at a CAGR of 7.9% during the forecast period of 2024 to 2031. 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.

Report Scope and Market Segmentation      

Market Definition

Construction product certification is a process where products used in construction projects are evaluated and certified to meet specific standards, regulations, or performance criteria. Certification ensures that products meet quality, safety, and environmental requirements, providing assurance to stakeholders and facilitating compliance with building codes and regulations.

Global Construction Product Certification Market Dynamics

Drivers

• Green Building Initiatives for Resource Conservation

The rise of green building initiatives fuels demand for certifications validating environmental performance, energy efficiency, and resource conservation. Stakeholders prioritize sustainable practices, pushing for certifications that ensure buildings meet stringent standards. This emphasis reflects a growing commitment to eco-friendly construction methods and the preservation of natural resources in the built environment.

• Improved Risk Mitigation Ensure Reliability

Certification assures builders, contractors, and consumers of construction product performance, safety, and durability, mitigating risks of failures and liabilities. It encourages confidence by validating adherence to standards, ensuring reliability throughout the project lifecycle. This assurance safeguards investments, fosters trust, and enhances overall project success, promoting a resilient and accountable construction industry.

Opportunities

• Emerging Technologies for Certification Process

Advancements in construction materials and technologies drive the need for updated certification standards, ensuring safety, performance, and compatibility with existing building systems. This necessity spurs innovation in certification processes, enabling the industry to adapt to evolving technological landscapes while maintaining stringent quality and compliance measures.

• Globalization of Construction to Meet International Standards

As construction projects span international boundaries, certifications play a vital role by ensuring products adhere to universal standards. This fosters smoother trade and facilitates market expansion worldwide. Certifications provide assurance of quality and compliance, encouraging trust among stakeholders and promoting seamless integration of construction materials across diverse global markets.

Restraints/Challenges

• High Cost of Certification for Small Business

The high cost of certification, encompassing testing, documentation, and audits, poses a significant barrier to entry, especially for smaller businesses or those with specialized products. This financial burden limits market participation, stifling innovation and competition. Ultimately, it hampers market growth by restricting access to certification, impeding the introduction of new products and technologies.

• Lack of Technical Expertise

The lack of technical expertise presents a significant hurdle for companies seeking certification in the construction product market. Without sufficient in-house knowledge and resources, meeting complex standards becomes intimidating. This challenge impedes timely certification, potentially delaying product launches and hindering competitiveness in an industry where compliance is paramount.

This global construction product certification market, report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global construction product certification market, contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In October 2020, British Standards Institution initiated an innovative project aimed at developing comprehensive guidance for inclusive design in the built environment, addressing the needs of individuals with sensory and neurological processing differences. Sponsored by Forbo Flooring Systems, Transport for London, BuroHappold, and the BBC, this endeavor strengthens customer-centric solutions and market growth
• In September 2020, RINA S.p.A. invested in the Europe Commission's Innovation Fund to support innovative low-carbon technologies. Through facilitating firms in proposal preparation, the company strengthened its market presence and demonstrated commitment to advancing sustainable solutions in line with evolving industry standards
• In April 2020, SGS SA completed the acquisition of Testing, Engineering and Consulting Services, Inc. (TEC Services), specializing in meeting construction industry quality standards in the U.S. This strategic move expanded SGS's materials testing portfolio and solidified its position in the U.S. market, enhancing competitiveness and service offerings

Global Construction Product Certification Market Scope

The global construction product certification market, is segmented on the basis of product, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Construction and Building Products
• Power Generation and Energy Storage
• Industrial and Hazardous Location Equipment
• Information and Communications Technology
• Lighting Products
• Medical and Laboratory Equipment
• Personal Protective Equipment
• Tools and Outdoor Equipment
• Others

 Application

• Interior Finishing
• Insulation
• Exterior Siding
• Roofing
• Others

 End-User

• Industrial
• Commercial
• Residential

Global Construction Product Certification Market Regional Analysis/Insights

The global construction product certification market is analysed and market size insights and trends are provided by product, application and end-user as referenced above.

The countries covered in the global construction product certification 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

Europe is expected to dominate the construction product certification market due to the significant presence of certification providing bodies. Their provision of certification and standards contributes to the region's growth, establishing it as a key player in ensuring quality and compliance across the construction industry.

North America is expected to witness increased growth rate in the construction product certification market, driven by investments in infrastructure development. This surge in investment contributes significantly to the region's growth, highlighting the importance of certification in ensuring quality and compliance in construction projects.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Global Construction Product Certification Market Share Analysis

The global construction product certification market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global construction product certification market.

Some of the major players operating in the global construction product certification market are:

• The British Standards Institution (U.K.)
• SGS Société Générale de Surveillance SA.(Switzerland)
• QVC Certification Services Pvt Ltd (India)
• Centexbel (Belgium)
• RINA S.p.A. (Italy)
• Intertek Group plc (U.K.)
• CSA Group Testing & Certification Inc. (Canada)
• Det Norske Veritas group (Norway)
• Bureau Veritas (France)
• Eurofins Scientific (Luxembourg)
• ALS (Australia)
• DEKRA (Germany)
• TÜV SÜD (Germany)
• Applus+ (Spain)
• UL LLC (U.S.)
• TÜV Rheinland (Germany)