PUBLISHER: 360iResearch | PRODUCT CODE: 1313130
PUBLISHER: 360iResearch | PRODUCT CODE: 1313130
The Global Testing, Inspection, & Certification Market is forecasted to grow significantly, with a projected USD 239.71 billion in 2023 at a CAGR of 7.66% and expected to reach a staggering USD 405.11 billion by 2030.
The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Testing, Inspection, & Certification Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.
Based on Service, market is studied across Certification, Inspection, and Testing. The Certification commanded largest market share of 51.22% in 2022, followed by Inspection.
Based on Source, market is studied across In-House and Outsourced. The Outsourced commanded largest market share of 82.49% in 2022, followed by In-House.
Based on Industry Coverage, market is studied across Agriculture & Food, Chemicals, Construction & Infrastructure, Consumer Goods & Retail, Energy & Power, Industrial & Manufacturing, Medical & Life Science, Mining, Oil & Gas, and Petroleum, Public Sector, Supply Chain & Logistics, and Transportation. The Agriculture & Food is further studied across Commodities, Fertilizers, and Seed & Crop. The Chemicals is further studied across Chemical Feedstocks Services and Finished Product Services. The Construction & Infrastructure is further studied across Construction Machinery & Equipment Services, Facilities Management & Inspection Services, Material Services, and Project Management. The Consumer Goods & Retail is further studied across Electrical & Electronics, Hard Goods, Personal Care & Beauty Products, Softlines & Accessories, and Toys & Juvenile Products. The Energy & Power is further studied across Energy Sources, Power Distribution, and Power Generation. The Energy Sources is further studied across Alternative Fuels, Coal, Fuel Oils & Gases, Nuclear, Solar, and Wind. The Industrial & Manufacturing is further studied across Production & Products Related Services, Projects Related Services, and Suppliers Related Services. The Medical & Life Science is further studied across Biopharmaceutical & Pharmaceutical Services, Clinical Services, Health, Beauty, & Wellness, Laboratory Services, and Medical Devices. The Mining is further studied across Analytical Service, Exploration Service, Inspection & Sampling Service, Metallurgy & Process Design, Production & Plant Services, Project Risk Assessment & Mitigation, and Site Operations & Closure. The Oil & Gas, and Petroleum is further studied across Biofuels & Feedstock, Downstream, Petrochemicals, and Upstream. The Public Sector is further studied across Monitoring Services, Product Conformity Assessment, and Valuation Services. The Supply Chain & Logistics is further studied across Packaging & Handling and Risk Management. The Transportation is further studied across Aerospace & Defense, Automotive, Marine, and Rail. The Aerospace & Defense is further studied across Aerospace, Airports, and Aviation. The Automotive is further studied across Electric Vehicles, Hybrid Electric Vehicles, and Battery Systems, Electrical Systems & Components, Fuels, Fluids, and Lubricants, Homologation Testing, Interior and Exterior Materials and Components, Telematics, and Vehicle Inspection Services. The Marine is further studied across Marine Fuel Systems & Component Services, Marine Materials & Equipment Services, and Ship Classification Services. The Rail is further studied across Rail Certification, Rail Inspection, and Rail Testing. The Industrial & Manufacturing commanded largest market share of 14.38% in 2022, followed by Transportation.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 37.88% in 2022, followed by Europe, Middle East & Africa.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
The FPNV Positioning Matrix is essential for assessing the Global Testing, Inspection, & Certification Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
6. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Global Testing, Inspection, & Certification Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Testing, Inspection, & Certification Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Testing, Inspection, & Certification Market?
4. What is the competitive strategic window for opportunities in the Global Testing, Inspection, & Certification Market?
5. What are the technology trends and regulatory frameworks in the Global Testing, Inspection, & Certification Market?
6. What is the market share of the leading vendors in the Global Testing, Inspection, & Certification Market?
7. What modes and strategic moves are considered suitable for entering the Global Testing, Inspection, & Certification Market?