Europe Testing, Inspection & Certification Market Developments and Forecast by 2027

The Europe testing, inspection & certification market accounted for US$ 69.10 Bn in 2018 and is expected to grow at a CAGR of 4.9% over the forecast period 2018–2027, to account for US$ 104.85 Bn in 2027.

The consistent technological advancement, along with the integration of automated solutions into production and manufacturing processes, has gained attraction for numerous certification, testing, and inspection requirement. Besides, the continuous improvement in industry practice towards achieving superior levels of quality control and workplace safety continues to drive the demand for improved and efficient testing, inspection, and certification based requirements. Factors such as a rise in gross domestic product and industry value add owing to an increase in demand from end-users is also anticipated to provide a steady revenue stream for the market players during the coming years.

The existing large number of regulatory and government agencies along with trade watchdogs based institutional organization has facilitated in the seamless implementation of numerous trade practices and safety norms. Moreover, the limited inter-governmental cooperation, along with different jurisdiction restriction has resulted in the prevalence of a notably significant number of rules, certification, guidelines, and compliances related regulatory norms for various end-users. However, the recent improvement in inter-governmental cooperation through improving international trade flow along with simplification of complicated regulation has gained traction resulting in a rise in the number of outsourced and robust TIC-based regulatory guidelines. Additionally, the prominence of free trade agreements and special economic zones approved through multiple countries deal especially across emerging economies is expected to provide numerous inspection, testing, and certification based market opportunities for the market players during the coming years.

Currently, Germany is dominating the Europe testing, inspection & certification market, which in turn boost the demand for testing, inspection & certification market in Europe. The country is highly industrialized and leading industries include chemical, automotive, electronics, as well as food & beverage industry. The chemical & plastic sector of the country comprises of over 3800 companies. Further, the automotive industry of the country is the largest in terms of revenues. Moreover, Germany is also a preferred location for the production of electronic complex components. The electrical and electronic companies located in Germany produces over 100 thousand diverse products including, automation systems, household appliances, electronic medical equipment and others. This represents the high growth of company’s electronics sector, which is also one of the fastest growing sector. The presence of significant industries in the country is further anticipated to influence the testing, inspection & certification market during the forecast period. The figure given below highlights the revenue share of Rest of Europe in the Europe testing, inspection & certification market in the forecast period:

EUROPE TESTING, INSPECTION & CERTIFICATION MARKET - SEGMENTATION

Europe Testing, Inspection & Certification Market by Service Type

• Testing
• Inspection
• Certification

Europe Testing, Inspection & Certification Market by Sourcing Type

• In-house
• Outsourced

Europe Testing, Inspection & Certification Market by End-User Industry

• Food & Beverage
• Healthcare & Pharmaceutical
• Consumer Goods & Retail
• Energy & Power
• Manufacturing & Construction
• Others

Europe Testing, Inspection & Certification Market by Country

• UK
• Germany
• France
• Italy
• Russia
• Rest of Europe

Companies Mentioned

• ALS Limited
• Applus Services, SA
• Bureau Veritas
• DEKRA Automobil GmbH
• DNV GL
• Eurofins Group
• Intertek Group plc
• SGS SA
• TÜV Rheinland AG
• TÜV SÜD AG.

Europe Testing, Inspection & Certification Report Scope