Testing, inspection, and certification are essential to ensure safety and quality of different products. Recently, China is dominating the APAC testing, inspection, and Certification market which is expected to propel the demand for testing, inspection, and certification market. Around 300 certified foreign-invested Testing, inspection, and certification companies operating in China. Most of these companies are located in developed eastern region.
Increasing Outsourcing of TIC Services and Introduction of Stringent Regulations
Rise in outsourcing of TIC functions and ever-tightening regulations are among the key factors that will push the demand for testing, inspection and certification services over the near future. As per the estimations, nearly 40% of the market is currently outsourced, while the remaining of TIC services carried out in-house
Push towards the outsourcing and also the privatization of state-owned laboratories will continue to be a strong driver of the growth. Continues progression of technological advancement along with popularity of Internet of Things will have the positive impact on market growth. Furthermore, rise in emphasis towards reducing equipment and machinery downtime will enhance the demand for maintenance, testing, and inspection of critical assets and systems.
Market Restraints Lack of Internationally Accepted Standards Among Different Geographies
Lack of internationally accepted standards is one of the key restraining factor impacting the expansion of testing, inspection and certification market. Various countries have their own set of standards. This factors influences the decision-making of the manufacturer, whether to export or not to a given country
Standards and regulations vary between different types of services and product. Meeting the international standards often results in a increased cost, as it is likely to lead to the changing of design of a particular product or service. For instance, environmental regulations regarding the type and amount of packaging used for products is expected to be strict in some countries as compared to the others.
Market Segmentation
APAC Testing, Inspection and Certification Market is categorized into service type such as Certification, Inspection, and Testing, by Source such as Outsourced, and In-house. Further, market is categorized into end user such as Healthcare & Pharmaceutical, Food & Beverages, Consumer Good & Retail, Energy & Power, Manufacturing & Construction, and Others.
Also, APAC Testing, Inspection and Certification Market is categorized into various countries such as China, Japan, India, Taiwan, Thailand, South Korea, Indonesia, Singapore, Philippines, Vietnam, Hong Kong, Malaysia, Australia, and New Zealand
Market Key Players
Various key players are discussed in this report such as ALS Limited, Applus Services, SA, Bureau Veritas, DEKRA Automobil GmbH, DNV GL, Eurofins Group, Intertek Group plc, SGS SA, and TÜV Rheinland AG
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5.1 Y-o-Y Growth Comparison, By Service Type
5.2 APAC Testing, Inspection, and Certification Market Share Analysis, By Service Type
5.3 APAC Testing, Inspection, and Certification Market Size and Forecast, By Service Type
5.3.1 Certification
5.3.2 Inspection
5.3.3 Testing
6.1 Y-o-Y Growth Comparison, By Source
6.2 APAC Testing, Inspection, and Certification Market Share Analysis, By Source
6.3 APAC Testing, Inspection, and Certification Market Size and Forecast, By Source
6.3.1 Outsourced
6.3.2 In- House
7.1 Y-o-Y Growth Comparison, By End User
7.2 APAC Testing, Inspection, and Certification Market Share Analysis, By End User
7.3 APAC Testing, Inspection, and Certification Market Size and Forecast, By End User
7.3. 1 Healthcare & Pharmaceutical
7.3.2 Food & Beverages
7.3.3 Consumer Goods and Retail
7.3.4 Energy & Power
7.3.5 Manufacturing & Construction
7.3.6Others
8.1Testing, Inspection, and Certification Market Share Analysis, By APAC
8.2 Testing, Inspection, and Certification Market Share Analysis, By APAC
8.3 Testing, Inspection, and Certification Market Size and Forecast, By APAC
9.1 Introduction
9.2 APAC Testing, Inspection, and Certification Market Share Analysis, By Service Type
9.3 APAC Testing, Inspection, and Certification Market Size and Forecast, By Source
9.4 APAC Testing, Inspection, and Certification Market Size and Forecast, By End User
9.5 APAC Testing, Inspection, and Certification Market Size and Forecast, By Country
9.5.1 China
9.5.2 Japan
9.5.3 India
9.5.4. Taiwan
9.5.5Thailand
9.5.6South Korea
9.5.7Indonesia
9.5.8Singapore
9.5.9Phillippines
9.5.10Vietnam
9.5.11Hong Kong
9.5.12Malaysia
9.5.13Australia
9.5.14 New Zeeland
10.1 Competition Dashboard
10.2 Market share Analysis of Top Vendors
10.3 Key Development Strategies
11.1.1 Overview
11.1.2 Offerings
11.1.3 Key Financials
11.1.4 Business Segment & Geographic Overview
11.1.5 Key Market Developments
11.1.6 Key Strategies
11.2.1 Overview
11.2.2 Offerings
11.2.3 Key Financials
11.2.4 Business Segment & Geographic Overview
11.2.5 Key Market Developments
11.2.6 Key Strategies
11.3.1 Overview
11.3.2 Offerings
11.3.3 Key Financials
11.3.4 Business Segment & Geographic Overview
11.3.5 Key Market Developments
11.3.6 Key Strategies
11.4.1 Overview
11.4.2 Offerings
11.4.3 Key Financials
11.4.4 Business Segment & Geographic Overview
11.4.5 Key Market Developments
11.4.6 Key Strategies
11.5.1 Overview
11.5.2 Offerings
11.5.3 Key Financials
11.5.4 Business Segment & Geographic Overview
11.5.5 Key Market Developments
11.5.6 Key Strategies
11.6.1 Overview
11.6.2 Offerings
11.6.3 Key Financials
11.6.4 Business Segment & Geographic Overview
11.6.5 Key Market Developments
11.6.6 Key Strategies
11.7.1 Overview
11.7.2 Offerings
11.7.3 Key Financials
11.7.4 Business Segment & Geographic Overview
11.7.5 Key Market Developments
11.7.6 Key Strategies
11.8.1 Overview
11.8.2 Offerings
11.8.3 Key Financials
11.8.4 Business Segment & Geographic Overview
11.8.5 Key Market Developments
11.8.6 Key Strategies
11.9.1 Overview
11.9.2 Offerings
11.9.3 Key Financials
11.9.4 Business Segment & Geographic Overview
11.9.5 Key Market Developments
11.9.6 Key Strategies
