Demand for China Testing, Inspection, And Certification and Impact of COVID-19……..


The China testing, inspection & certification market size is anticipated to reach USD 61.8 billion by 2027, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 7.8% from 2020 to 2027. 
The key industry participants include AsureQuality Limited; Bureau Veritas SA; DEKRA SE; DNV GL Group AS; Intertek Group PLC; Lloyd’s Register Group Limited; SGS S.A; TUV Rheinland AG Group; Underwriters Laboratories Inc.; Asia Quality Focus; HQTS Group Ltd.; InTouch Services Ltd.; China Inspection Co., Ltd.; Centre Testing International; China Certification and Inspection Group; Asia Quality Control; V-Trust; TUV SUD; TUV Nord; American Bureau of Shipping; Hartford Steam Boiler; Larsen and Toubro; Asia Inspection; China Building Material Test and Certification Group Co. Ltd.; China Special Equipment Inspection and Research Institute; and China Classification Society.
The high standards of living in China and increased focus of customers on quality and safety of food products and consumer goods such as toys, personal care and beauty products, and electrical and electronic appliances are driving the growth of the China TIC market. Further, increase in outsourcing of testing, inspection, and certification services by prominent companies operating in the manufacturing, automotive, and consumer goods application areas is projected to boost the growth of the market in China.
Furthermore, the market is expected to grow at a faster pace in China owing to government investments in the transportation and energy sectors as well as the construction industry. The China government has introduced favorable policies for international players to establish their foothold in the country to achieve progressive liberalization. The domestic players capture a majority share of the market in several provinces of China. The government has encouraged foreign investments in the market by lifting the barriers for international testing, inspection, and certification providers to enter and operate in the Mainland marketplace.
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Previously, most companies in China conducted their testing, inspection, and certification operations in-house. However, with the growing acceptance of the China Compulsory Certification (CCC), a greater emphasis is placed on the need for strict regulatory standards and certifications and this has led to an increase in outsourcing activities of testing, inspection, and certification in China due to cost benefits. This growing trend of outsourcing testing, inspection, and certification services is anticipated to further drive the market over the forecast period due to the increased accessibility of the domestic market for international players and the provision of cost-effective solutions by the testing, inspection, and certification service providers.
Further key findings from the report suggest:
·         The China TIC market is witnessing considerable growth owing to an increasing number of investments from international incumbents
·         The inspection service segment is expected to exhibit the highest CAGR of 8.8% over the forecast period
·         TIC forms an integral part of the infrastructure and transportation sectors in China and hence, the growth of the two sectors is expected to drive the demand for testing inspection, and certification activities
·         The key industry participants include AsureQuality Limited; Bureau Veritas SA; DEKRA SE; DNV GL Group AS; Intertek Group PLC; Lloyd’s Register Group Limited; SGS S.A; TUV Rheinland AG Group; Underwriters Laboratories Inc.; Asia Quality Focus; HQTS Group Ltd.; InTouch Services Ltd.; China Inspection Co., Ltd.; Centre Testing International; China Certification & Inspection Group; Asia Quality Control; V-Trust; TUV SUD; TUV Nord; American Bureau of Shipping; Hartford Steam Boiler; Larsen & Toubro; Asia Inspection; China Building Material Test & Certification Group Co. Ltd.; China Special Equipment Inspection and Research Institute; and China Classification Society.
The China Testing, Inspection & Certification market size was valued at USD 33.1 billion in 2020 and is anticipated to witness a CAGR of 7.8% from 2020 to 2027. Increasing foreign investments are expected to drive the growth of the TIC market in China. In an attempt to achieve progressive liberalization, the China government has laid down favorable policies for international players to establish their presence in the country. Moreover, increasing adoption and development of alternative fuel vehicles such as electric vehicles and hybrid vehicles are anticipated to increase the testing and inspection activities for such vehicles, thus, driving the growth of the market in China over the forecast period.
The market for testing, inspection, and certification is expected to grow at a faster pace in China. This is attributed to increasing number of government investments that are focused on the growth of the transportation and energy sectors, as well as the construction industry. The rising standard of living of citizens in China led to the rising demand for consumer goods, consequently catalyzing the growth of the market. Furthermore, the growth in outsourcing of testing, inspection, and certification services by prominent companies operating in the manufacturing, automotive, and consumer goods arenas is projected to propel market growth.
The government of China has eased the entry of foreign players by uplifting the barriers for international companies offering testing, inspection, and certification solutions in the market, which is being dominated by domestic players. Moreover, the market is expected to grow at a substantial rate owing to the investments made by international players in China The growing popularity of testing and certification services for accelerating and developing smart technologies such as smart cities and  smart vehicles is anticipated to support the growth of the market. Increasing government alliances, implementation of new standards and regulations, and the increasing need for third-party inspection services are the some of the key drivers that are estimated to propel market growth over the forecast period.
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A wide number of companies in the market are strategizing to acquire various companies in order to expand their footprints in the market for testing, inspection, and certification. For instance, in April 2018, Intertek Group PLC agreed to acquire Proasem, a Colombia-based service provider of testing, inspection, and metrology services. This acquisition would benefit Intertek Group PLC in increasing its sales/expanding in Colombia and Latin America with the help of Proasem’s expertise and established customer base. In March 2018, the Lloyd's Register Group Limited acquired Nettitude, a cybersecurity solution provider in U.K. This acquisition has enabled Lloyd's Register Group Limited to strengthen its cybersecurity services and certification.
Grand View Research has segmented the China TIC market on the basis of service, sourcing type, and application:
China Testing, Inspection, and Certification Service Outlook (Revenue, USD Billion, 2016 - 2027)
·         Testing
·         Inspection
·         Certification
China Testing, Inspection, and Certification Sourcing Type Outlook (Revenue, USD Billion, 2016 - 2027)
·         In-house
·         Outsourced
China Testing, Inspection, and Certification Application Outlook (Revenue, USD Billion, 2016 - 2027)
·         Consumer Goods & Retail
·         Agriculture & Food
·         Chemicals
·         Infrastructure
·         Energy & Power
·         Manufacturing
·         Healthcare
·         Mining
·         Oil & Gas and Petroleum
·         Public Sector
·         Transportation
·         Supply Chain & Logistics
·         Others
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


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