China Testing, Inspection and Certification Market Key Players, Application Outlook and Trends Analysis till 2027

China Testing, Inspection and Certification
Market Key Players, Application Outlook and
Trends Analysis till 2027
“The market is expected to witness substantial growth over the forecast period due to increasing investment in
the construction and transportation industries by China government. Favorable government policies for
international players to establish their footprints in China to achieve better liberalization are another factor
anticipated to drive the market growth.”
The China Testing, Inspection and Certification Market size is projected to reach USD 61.8 billion by 2027, according
to Million Insights. Due to the changing lifestyle of Chinese people and the growing awareness regarding quality and
safety of products including electronic appliances, cosmetics, food products, and personal care products among
consumers are major factors expected to drive the market growth. Moreover, growing outsourcing of TIC services by
several companies operating in various end-use industries such as consumer goods, automotive, manufacturing, and
transportation is expected to further augment the market growth in China.
The market is expected to witness substantial growth over the forecast period due to increasing investment in the
construction and transportation industries by China government. Favorable government policies for international
players to establish their footprints in China to achieve better liberalization are another factor anticipated to drive
the market growth. The government of China has stimulated foreign investments in the market by uplifting barriers
for foreign TIC providers to operate in the marketplace.
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Earlier, most of the companies in China preferred in-house TIC services. However, growing cost of in-house
inspections due to strict regulations and standards regulated by China government has led to increase in the adoption
of outsourced TIC services. In addition, growing trend of outsourcing TIC services is projected to drive market growth.
The growing accessibility of the domestic market for foreign incumbents as well as provision for cost-effective TIC
services providers expected to have a positive impact on market growth.
Further key findings from the report suggest:

• The China TIC market is expected to have significant growth due to growing number of investments for international
players in this industry.
• The inspection service segment is projected to grow with the fastest CAGR of over 8.5% during the forecast period.
• In transportation and infrastructure, TIC services play an important role, thereby; growth of these two sectors in
China will drive the market growth in the next few years.
• In Touch Services Ltd.; DEKRA SE; DNV GL Group AS; AsureQuality Limited; Intertek Group PLC; Lloyd’s Register
Group Limited; SGS S.A; TUV Rheinland AG Group; Underwriters Laboratories Inc.; Asia Quality Focus; HQTS Group
Ltd China Inspection Co., Ltd.; Centre Testing International; China Certification & Inspection Group; American Bureau
of Shipping; Hartford Steam Boiler; Larsen & Toubro; Bureau Veritas SA; .; Asia Inspection; China Building Material
Test & Certification Group Co. Ltd.; China Special Equipment Inspection and Research Institute; Asia Quality Control;
V-Trust; TUV SUD; China Classification Society and TUV Nord are the key players operating in the market.
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Million Insights segmented the China testing, inspection & certification market on the basis of service, sourcing
type, application and region:
China TIC Service Outlook (Revenue, USD Billion, 2016 - 2027)
• Testing
• Inspection
• Certification
China TIC Sourcing Type Outlook (Revenue, USD Billion, 2016 - 2027)
• In-house
• Outsourced
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