The Europe Testing, Inspection and Certification Market size was valued at around USD 59.19 billion in 2024 and is projected to reach USD 78.92 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.92% during the forecast period, i.e., 2025-30. According to MarkNtel Advisors Study.
Europe Testing, Inspection and Certification Market Driver:
High Product Recalls to Augment the Market Expansion – The product recall activities across major markets, like automotive, pharmaceutical, etc., have enriched during 2018-22. As per Sedgwick’s European State of the Nation Recall Index report 2023, around 10,545 product recalls in 2022, a 4.3% increase over 2021. Owing to this, companies across various sectors, such as consumer products, electronics, and several others, highly relied on TIC services for validating product quality & making sure that they comply with regulatory standards, thereby avoiding recalls.
Furthermore, among various markets, toys, clothing, and electronics witnessed comparatively large recalls than others. As per industry experts, the recalls in the electronics sector are mainly due to surging technological innovation, because of which unforeseen issues are coming up in electronic products, owing to which the demand for these testing services is prevailing & would continue to expand in the following years, thus enhancing the Europe Testing, Inspection & Certification Market size.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Europe Testing, Inspection and Certification Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Service Type
- Testing Services- Market Size & Forecast 2020-2030, USD Million
- Inspection Services- Market Size & Forecast 2020-2030, USD Million
- Certification Services- Market Size & Forecast 2020-2030, USD Million
- By Sourcing Type
- In-House Sourcing- Market Size & Forecast 2020-2030, USD Million
- Outsourced Sourcing- Market Size & Forecast 2020-2030, USD Million
- By End User
- Consumer Good and Retail – Market Size & Forecast 2020-2030, USD Million
- Automotive – Market Size & Forecast 2020-2030, USD Million
- Food and Agriculture – Market Size & Forecast 2020-2030, USD Million
- Industrial & Manufacturing – Market Size & Forecast 2020-2030, USD Million
- Energy and Power – Market Size & Forecast 2020-2030, USD Million
- Chemicals – Market Size & Forecast 2020-2030, USD Million
- Construction – Market Size & Forecast 2020-2030, USD Million
- Aerospace- Market Size & Forecast 2020-2030, USD Million
- Oil & Gas – Market Size & Forecast 2020-2030, USD Million
- Healthcare – Market Size & Forecast 2020-2030, USD Million
- Marine- Market Size & Forecast 2020-2030, USD Million
- Mining- Market Size & Forecast 2020-2030, USD Million
- IT & Telecom- Market Size & Forecast 2020-2030, USD Million
- Others (Railways, Supply Chain & Logistics, Sports & Entertainment, etc.) -Market Size & Forecast 2020-2030, USD Million
- By Country
- The UK
- Germany
- France
- Spain
- Italy
- Rest of the Europe
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – SGS Group, Bureau Veritas, Intertek, Dekra, Eurofins Scientific, TUV SUD, DNV GL, TUV Rheinland, Applus+, TUV Nord, Others looking forward to strengthening their market positions.
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