Testing Inspection and Certification Market in North America 2024-2028

Description

List of Tables

The testing inspection and certification market in North America is forecasted to grow by USD 14.7 bn during 2023-2028, accelerating at a CAGR of 3.78% during the forecast period. The report on the testing inspection and certification market in North America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing adoption of remote inspections and audits, increasing digital transformation initiatives across US, and growing emphasis on sustainability and environmental responsibility.

Technavio's testing inspection and certification market in North America is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	3.27%
CAGR	3.78%
Incremental Value	$14.7bn

By Service

Testing
Inspection
Certification

By Source

In-house
Outsourced

This study identifies the rise in strategic mergers and acquisitions (m and a ) for testing inspection and certification services as one of the prime reasons driving the testing inspection and certification market in North America growth during the next few years. Also, rising use of data analytics and ai in testing inspection and certification and integration of blockchain technology in testing inspection and certificatio will lead to sizable demand in the market.

The report on the testing inspection and certification market in North America covers the following areas:

Testing inspection and certification market in North America sizing
Testing inspection and certification market in North America forecast
Testing inspection and certification market in North America industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading testing inspection and certification market in North America vendors that include ALS Ltd., Applus Services S.A., British Standards Institution, Bureau Veritas SA, DEKRA SE, DNV Group AS, Dynamic Research Inc., Element Materials Technology Group Ltd., Eurofins Scientific SE, Intertek Group Plc, LRQA Group Ltd., Mistras Group Inc., NSF International, RINA Spa, SGS SA, The Smithers Group Inc., TUV NORD AG, TUV Rheinland AG, TUV SUD AG, UL Solutions Inc., and HOLDING SOCOTEC S.A.S.. Also, the testing inspection and certification market in North America analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR77597

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Testing inspection and certification market in North America 2018 - 2022
4.2 Service Segment Analysis 2018 - 2022
4.3 Source Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by Service

6.1 Market segments
6.2 Comparison by Service
6.3 Testing - Market size and forecast 2023-2028
6.4 Inspection - Market size and forecast 2023-2028
6.5 Certification - Market size and forecast 2023-2028
6.6 Market opportunity by Service

7 Market Segmentation by Source

7.1 Market segments
7.2 Comparison by Source
7.3 In-house - Market size and forecast 2023-2028
7.4 Outsourced - Market size and forecast 2023-2028
7.5 Market opportunity by Source

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation
9.2 Geographic comparison
9.3 US - Market size and forecast 2023-2028
9.4 Canada - Market size and forecast 2023-2028
9.5 Mexico - Market size and forecast 2023-2028
9.6 Market opportunity By Geographical Landscape

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 ALS Ltd.
12.4 Applus Services S.A.
12.5 British Standards Institution
12.6 Bureau Veritas SA
12.7 DEKRA SE
12.8 Eurofins Scientific SE
12.9 Intertek Group Plc
12.10 LRQA Group Ltd.
12.11 Mistras Group Inc.
12.12 NSF International
12.13 RINA Spa
12.14 SGS SA
12.15 The Smithers Group Inc.
12.16 TUV NORD AG
12.17 TUV SUD AG

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations