China Testing, Inspection & Certification Market, Sector / Industry Report & Analysis, 2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: China Testing, Inspection & Certification Market


The China testing, inspection, and certification (TIC) market was valued at USD 27.03 billion in 2017. It is anticipated to progress at a CAGR of 9.1% during the forecast period. Increasing foreign investments and favorable government initiatives are expected to drive the market. Moreover, increasing adoption and development of alternative fuel vehicles such as electric vehicles and hybrid vehicles are anticipated to increase testing and inspection activities for such vehicles. This will, thereby, provide a fillip to the market during the forecast period.
The market is expected to tread along a healthy growth track in China owing to increasing number of government investments that are focused on the growth of the transportation and energy sectors as well as the construction industry. Furthermore, rise in outsourcing of testing, inspection, and certification services by prominent companies operating in the manufacturing, automotive, and consumer goods sectors is projected to further propel the market.

  
The government has eased the entry of foreign players by uplifting barriers for international companies offering TIC solutions in the China market, which is being dominated by domestic players. Moreover, the market is likely to experience a substantial growth rate during the forecast period owing to investments made by international players in China.
Moreover, burgeoning 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, growing implementation of new standards and regulations, and soaring need for third-party inspection services are some of the key growth stimulants for the market over the forecast period.

Market Segmentation, Outlook & Viewpoint: China Testing, Inspection & Certification Market


This report forecasts revenue growth at country level and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the China TIC market report based on services type, sourcing type, and application:

Services Type Outlook (Revenue, USD Billion, 2014 - 2025)

Testing

Inspection

Certification

Sourcing Type Outlook (Revenue, USD Billion, 2014 - 2025)

In-house

Outsourced

Application Outlook (Revenue, USD Billion, 2014 - 2025)

Consumer Goods & Retail

Personal Care & Beauty Products

Hard Goods

Soft-liners & Accessories

Toys & Juvenile Products

Electrical & Electronics

Others (Detergents and Non-woven products)

Agriculture & Food

Seed & Crop

Fertilizers

Commodities

Beverages

Alcoholic

Beer

Spirits

Wine

Others (Cider and Cocktails)

Non-alcoholic

Carbonated soft drinks

Fruit drinks

Bottled water

Functional beverages

Sports drinks

Others (Milk-based drinks)


Others (Forestry and Food packaging)

Chemicals

Asset Integrity Management Services

Project Life Cycle Services

Finished Product Services

Chemical Feedstocks Services

Others (Lab design and Operation & Commissioning)

Infrastructure

Project Management

Material Services

Construction Machinery & Equipment Services

Facilities Management & Inspection Services

Others (Supply Chain Services and Quality Health & Safety)

Energy & Power

Energy sources

Nuclear

Wind

Solar

Alternative fuels

Fuel Oil & Gases

Coal

Hydropower

Others (Geothermal energy, Tidal energy)

Power generation

Power Distribution

Asset Integrity Management Services

Project Life Cycle Services

Others (Technical Staffing and Quality & Safety)

Manufacturing

Suppliers Related Services

Production & Products Related Services

Projects Related Services

Others (Logistics and Safety)

Healthcare

Medical Devices

Health, Beauty, and Wellness

Clinical Services

Laboratory Services

Biopharmaceutical & Pharmaceutical Services

Others (Training and Staffing)

Mining

Inspection & Sampling Service

Analytical Service

Exploration Service

Metallurgy & Process Design

Production & Plant Services

Project Risk Assessment & Mitigation

Oil & Gas and Petroleum

Upstream

Midstream

Downstream

Biofuels & Feedstock

Petrochemicals

Asset Integrity Management Services

Project Life Cycle Services

Others (Functional safety services)

Public Sector

Product Conformity Assessment

Monitoring Services

Valuation Services

Others (Road Safety Traffic, E-government, and Technical Verification Programs)

Transportation

Automotive

Electrical Systems & Components

Electric Vehicles, Hybrid Electric Vehicles, and Battery Systems

Telematics

Fuels, Fluids, and Lubricants

Interior and Exterior Materials and Components

Vehicle Inspection Services (VIS)

Homologation Testing

Others (Aftermarket distribution)

Aerospace & Defense

Services for Airports

Services for Aviation

Services for Aerospace

Marine

Marine Fuel Systems & Component Services

Ship Classification Services

Marine Materials & Equipment Services

Others (Cargo, Crane, and Vessel)

Rail

Rail Testing Services

Rail Inspection Services

Rail Certification Services

Others (Lab Testing and Supplier Accreditation)


Supply Chain & Logistics

Packaging & Handling

Risk Management

Others (Audits, Certification, and Training)


Key Players, Recent Developments & Regional Insights: China Testing, Inspection & Certification Market


On the basis of application, the market has been categorized into consumer goods & retail, agriculture & food, chemicals, infrastructure, energy & power, manufacturing, healthcare, mining, oil & gas and petroleum, public sector, transportation, supply chain & logistics, and others.
The growth of self-driving vehicles, electric vehicles, and hybrid vehicles is expected to drive the market in major Chinese cities such as Guangzhou and Shanghai. The growth of the e-commerce market in China is expected to fuel the demand for testing, inspection, and certification in the consumer goods and retail segment owing to increase in inspection and verification needs of products prior to their delivery to customers.

  
The 13th Five Year Plan of China states the development of green transportation solutions such as electric and hybrid vehicles for advancements of country’s transportation sector. Furthermore, the plan elaborates implementation of innovative smart transportation solutions such as autonomous cars and connected trucks. The growth of such technologies is expected to increase the need for supporting services such as research, testing, and inspection over the forecast period.
China TIC Market Share Insights
Some of the key players in the market are 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 market players in China are entering into mergers and collaborations for expanding and exploring growth opportunities in the market. In March 2018, Bureau Veritas SA completed the acquisition of EMG Corporation (U.S.), a company that provides solutions, for construction assessment and project management solutions. The former company aimed at expanding and developing infrastructure services in the U.S. through acquisition.

Key Insights Covered: Global China Testing, Inspection & Certification Market
1.  Market size (sales, revenue and growth rate) of China Testing, Inspection & Certification industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of China Testing, Inspection & Certification industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of China Testing, Inspection & Certification industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of China Testing, Inspection & Certification industry.

Research Methodology: China Testing, Inspection & Certification Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.