Testing, Inspection and Certification for Construction Market was valued at USD 65 Billion in 2022 and is projected to reach USD 90 Billion by 2030, growing at a CAGR of 4.3% from 2024 to 2030.
The global market for testing, inspection, and certification (TIC) in the construction sector was valued at approximately USD 38.7 billion in 2022. This market is projected to expand at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030. The growth is driven by increasing construction activities worldwide, stringent regulatory requirements, and the rising emphasis on safety and quality standards in the construction industry. Emerging trends, such as the adoption of advanced technologies including IoT and AI for real-time monitoring, are expected to further bolster the market's expansion. Additionally, heightened focus on sustainable construction practices and the need for compliance with new environmental regulations are anticipated to create significant opportunities for market players.
Opportunity analysis reveals that the market is poised for substantial growth in emerging economies where rapid urbanization and infrastructure development are prominent. For instance, countries in the Asia-Pacific region, particularly India and China, are expected to contribute significantly to market growth due to large-scale infrastructure projects and urban development initiatives. Moreover, the rising demand for green building certifications and energy-efficient construction methods presents new avenues for market expansion. As these regions continue to develop, the need for robust TIC services to ensure compliance and quality assurance will drive increased investments and innovation in the sector.
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SGS Group
Bureau Veritas
Intertek
UL LLC
ALS Limited
TUV Rheinland
Mistras Group
TUV SUD
SAI Global
Element Materials Technology Group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Testing, Inspection and Certification for Construction Market
Amusement Parks
Bridges
Commercial Buildings
Dams
Airports & Marine Ports
Roads & Rails
Based on Types the Market is categorized into Below types that held the largest Testing, Inspection and Certification for Construction market share In 2023.
Planning & Design
Procurement & Construction
Asset Management
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Testing, Inspection and Certification for Construction Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Testing, Inspection and Certification for Construction Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Testing, Inspection and Certification for Construction Market, By Type
6. Global Testing, Inspection and Certification for Construction Market, By Application
7. Global Testing, Inspection and Certification for Construction Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Testing, Inspection and Certification for Construction Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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