Global Testing, Inspection, and Certification (TIC) Market for Building and Construction, By Service Type (Testing, Inspection, Certification), Sourcing Type (In-House, Outsourced), Testing Type (Structural Testing, Engineering Support, Fire Safety Testing, Indoor Environment Testing, Heat Pump Testing, Acoustics Testing and Wind Load Testing), Industry Vertical (Audio, Video and Household Appliances, Battery, Cells and Accumulators, Electrical, Toys and Childcare, E-Cigarettes, IoT and Information Technology, Lighting and Luminaries, Machinery, Microelectronics, Solar Energy Technology, Cybersecurity Services, Chemical and Material Services, and Others), Application (Infrastructural, Commercial Buildings, Residential Buildings) – Industry Trends and Forecast to 2031.
Testing, Inspection, and Certification (TIC) Market for Building and Construction Analysis and Size
The testing, inspection, and certification (TIC) market for building and construction includes various testing types such as structural, engineering support, fire safety, indoor environment, heat pump, acoustics, and wind load testing to ensure compliance and quality in construction projects. It offers diverse sourcing options, including in-house and outsourced solutions. This sector plays a critical role in ensuring compliance with quality and safety standards, providing a comprehensive framework for the construction industry.
Data Bridge Market Research analyses that the global testing, inspection, and certification (TIC) market for building and construction valued at USD 23,468.63 million in 2023, will reach USD 36,844.54 million by 2031, growing at a CAGR of 5.8% during the forecast period of 2024 to 2031. The "testing" segment is projected to lead the market, attributed to its capacity to uphold safety standards, thereby ensuring the efficacy and reliability of products. 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.
Testing, Inspection, and Certification (TIC) Market for Building and Construction Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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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, Certification), Sourcing Type (In-House, Outsourced), Testing Type (Structural Testing, Engineering Support, Fire Safety Testing, Indoor Environment Testing, Heat Pump Testing, Acoustics Testing and Wind Load Testing), Industry Vertical (Audio, Video and Household Appliances, Battery, Cells and Accumulators, Electrical, Toys and Childcare, E-Cigarettes, IoT and Information Technology, Lighting and Luminaries, Machinery, Microelectronics, Solar Energy Technology, Cybersecurity Services, Chemical and Material Services, and Others), Application (Infrastructural, Commercial Buildings, 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 (Australia), UL LLC. (U.S.), Bureau Veritas (France), SGS Société Générale de Surveillance SA. (Switzerland), Element Materials Technology (U.K.), Intertek Group plc (U.K.), DEKRA IN (Germany), BRE (U.K.), 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 (Turkey), TÜV SÜD (Germany), ICC NTA, LLC. (U.S.)
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Market Opportunities
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Market Definition
The testing, inspection, and certification (TIC) market for building and construction refers to the industry segment focused on conformity assessment services. This encompasses auditing, inspection, testing, verification, quality assurance, and certification to ensure adherence to standards. Specific TIC services in this sector include acoustics testing, engineering support, fire safety testing, heat pump testing, indoor environment testing, structural testing, and wind load testing.
Global Testing, Inspection, and Certification (TIC) Market for Building and Construction Dynamics
Drivers
- Regulatory Compliance for Building and Construction
With a heightened focus on quality and safety standards, there is a growing demand for TIC services to ensure adherence to regulations within the construction sector. As regulatory requirements evolve, TIC becomes integral for companies seeking to meet and exceed industry standards, fostering trust in the safety and quality of construction projects and materials. Therefore, the testing, inspection, and certification (TIC) market for building and construction is propelled by regulatory compliance
- Globalization Drives Construction TIC Standards
Construction companies, aiming for international presence, actively pursue TIC solutions to align with globally recognized standards. This drive not only ensures conformity but also propels market expansion. As the construction landscape becomes more interconnected, the demand for TIC services grows, facilitating compliance with diverse international regulations and fostering the market's sustained development. Hence, globalization acts as a significant catalyst in propelling the testing, inspection, and certification (TIC) market for the building and construction sector
Opportunities
- Dynamic Growth in Global Economies
The expansion into emerging markets offers significant opportunities for testing, inspection, and certification (TIC) service providers in the building and construction sector. With increasing construction activities in these economies, TIC firms can establish a foothold in untapped markets. This strategic enables them to meet the increasing demand for quality assurance in construction projects and positions them to play a pivotal role in shaping and supporting the growth of emerging economies through reliable TIC services.
- Ensuring Supply Chain Verification in Building and Construction
Supply chain verification presents a valuable opportunity for testing, inspection, and certification (TIC) services in the building and construction sector. Through ensuring the quality and compliance of materials across the construction supply chain, TIC providers address sourcing concerns. This proactive approach fosters transparency and reliability and contributes to risk mitigation, assuring stakeholders of adherence to quality standards at every stage, thereby enhancing the overall integrity and sustainability of construction projects.
Restraints/Challenges
- Cost and Budget Constraints Hinder Construction TIC
The substantial financial requirements for comprehensive TIC measures can limit adoption, impacting the ability of construction projects to invest adequately in quality assurance. This restraint may lead to compromised compliance and safety assessments, potentially affecting market dynamics as some projects may be constrained in implementing thorough TIC services due to financial limitations. Therefore, costs and budget constraints constitute a significant restraint in the building and construction sector, especially regarding testing, inspection, and certification (TIC) services.
- Limited Awareness Among Stakeholders
Stakeholders' unfamiliarity with the value TIC brings hinders adoption, potentially leading to compromised quality and safety in construction projects. This lack of recognition may result in missed opportunities for TIC providers, affecting market growth, as the industry may not fully leverage the benefits of these services, impacting standards and regulatory compliance within the sector. Therefore, limited awareness of testing, inspection, and certification (TIC) services poses a challenge in the building and construction sector.
This global testing, inspection, and certification (TIC) market for building and construction 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 testing, inspection, and certification (TIC) market for building and construction, 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 June 2022, Intertek, a worldwide provider of Total Quality Assurance, announced a partnership with Knauf, a prominent building materials manufacturer.Together, they introduced a training initiative tailored for contractors, installers, and professionals. This pioneering program, the first of its kind in the Gulf Corporate Council (GCC) region, offers Intertek Qualified Personnel (IQP) courses for drywall installers. Aligned with Intertek's global commitment to certifying personnel to the highest industry standards, this initiative enables trainees to qualify for the compliant installation of Knauf's building materials
- In March 2022, Cotecna Inspection SA, a TIC company, acquired ShenZhenTobyTechnologyCo., Ltd., an electronic and electrical testing and certification advisory services provider in China. This strategic move enhances Cotecna's footprint in the Chinese market and facilitates the expansion of its electronic and electrical testing services, solidifying its position in the testing, inspection, and certification (TIC) market for building and construction
- In February 2022, Iguá, a major Brazilian sanitation company, achieved Climate Bonds Standard Certification for Water Infrastructure, marking Latin America's first certified green bond. Valued at BRL 880 million, the bond, verified by Bureau Veritas, will fund water-related projects in Mato Grosso and Paraná, emphasizing sustainability. This aligns with the broader role of Testing, Inspection, and Certification (TIC) services in ensuring compliance with environmental standards in construction and infrastructure projects
- In January 2022, the SOCOTEC Group, a prominent player in building and infrastructure risk management, acquired Inpijn Blokpoel, a major entity in the Dutch ground investigation and geotechnical market. This strategic move aims to bolster SOCOTEC's position in the Dutch construction and infrastructure TIC market, expanding its service portfolio to emerge as a leading provider of testing, inspection, and certification services throughout the built environment's lifecycle
Global Testing, Inspection, and Certification (TIC) Market for Building and Construction Scope
The global testing, inspection, and certification (TIC) market for building and construction, is segmented on the basis of service type, sourcing type, testing type, industry vertical and application. 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.
Service Type
- Testing
- Inspection
- Certification
Sourcing Type
- In-House
- Outsources
Testing Type
- Acoustics Testing
- Engineering Support
- Fire Safety Testing
- Heat Pump Testing
- Indoor Environment Testing
- Structural Testing
- Wind Load Testing
Industry Vertical
- Audio, Video and Household Appliances
- Battery, Cells and Accumulators
- Electrical Toys and Childcare
- E-Cigarettes
- IoT and Information Technology
- Lighting and Luminaries
- Machinery
- Microelectronics
- Solar Energy Technology
- Cybersecurity Services
- Chemical and Material Services
- Others
Application
- Residential Buildings
- Commercial Buildings
- Infrastructural
Global Testing, Inspection, and Certification (TIC) Market for Building and Construction Regional Analysis/Insights
The global testing, inspection, and certification (TIC) market for building and construction is analysed and market size insights and trends are provided by service type, sourcing type, testing type, industry vertical and application as referenced above.
The countries covered in the global testing, inspection, and certification (TIC) market for building and construction 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 testing, inspection, and certification (TIC) market for building and construction, driven by stringent regulations set by European governments. These measures ensure compliance with high standards in the construction industry. The demand for TIC services is consequently elevated, as businesses strive to meet these regulations, emphasizing the region's dominance in shaping industry standards and fostering a commitment to quality and safety.
The Asia-Pacific region is expected to show substantial growth from 2024 to 2031 fueled by a surge in residential and commercial construction activities. Key countries such as China, India, and Japan are driving this growth with their rapidly expanding construction sectors. This boom reflects the region's dynamic construction landscape and presents significant opportunities for the Testing, inspection, and certification (TIC) market for building and construction during the forecast period.
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 Testing, Inspection, and Certification (TIC) Market for Building and Construction Share Analysis
The global testing, inspection, and certification (TIC) market for building and construction 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 testing, inspection, and certification (TIC) market for building and construction.
Some of the major players operating in the global testing, inspection, and certification (TIC) market for building and construction are:
- ALS (Australia)
- UL LLC. (U.S.)
- Bureau Veritas (France)
- SGS Société Générale de Surveillance SA. (Switzerland)
- Element Materials Technology (U.K.)
- Intertek Group plc (U.K.)
- DEKRA IN (Germany)
- BRE (U.K.)
- 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 (Turkey)
- TÜV SÜD (Germany)
- ICC NTA, LLC. (U.S.)
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