Status : Published Published On : Nov, 2024 Report Code : VRSME9161 Industry : Semiconductor & Electronics Available Format : Page : 96
2025
2030

Asia Pacific TIC Market for Building & Construction Industry Size & Share | Growth Forecast Report 2030

Industry Insights By Sourcing Type (In-house, Outsourced), By Service Type (Testing, Inspection, Certification), By Industry Vertical (Building Materials, Infrastructure & Capital Equipment, Others) and By Geography (China, India, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Rest of Asia)

Industry Overview

The Asia Pacific TIC Market for Building & Construction Industry size was USD 3.5 billion in 2023, and is anticipated to reach USD 9.1 billion with the growth rate (CAGR) of 4.7% during the forecast period from 2025 to 2030.

Asia Pacific TIC Market for Building & Construction Industry

TIC services are the services that make certain the products, and services meet legal requirements and standards. In the building and construction industry, TIC services include acoustics testing, fire safety testing, engineering support, heat pump testing, indoor environment testing, and structural testing.

Globalization has led to product standardization norms across various industries such as building & construction, food and beverage, automotive industries, electronics, etc. that has resulted in the growth of the TIC market during the forecast period 2025-2030. Growing emphasis on eco-friendly resorts and green initiatives contributes to the market growth. High demand for ultra-luxury hotels, personalized experiences, and high-end retail tourism. Governments of various regions are promoting local travel options. TIC in the construction sector includes building material testing, chemical testing for construction material, electrical wiring, inspection, geotechnical, and situational testing, resulting in providing more scope of TIC services in the building & construction industry.

Asia Pacific TIC Market for Building & Construction Industry Report Coverage

Report Metric

Details

Historical Period

2018 - 2023

Base Year Considered

2024

Forecast Period

2025 - 2030

Market Size in 2023

U.S.D.  3.5 Billion

Revenue Forecast in 2030

U.S.D.  9.1 Billion

Growth Rate

4.7%

Segments Covered in the Report

By Sourcing Type, By Service Type, By Industry Vertical

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

Regions Covered in the Report

China, India, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Rest of Asia

Asia Pacific TIC Market for Building & Construction Industry Dynamics

Asia Pacific TIC Market for Building & Construction Industry Trends / Growth Drivers

Various market trends fueling market growth are digital transformation where there is use of AI, IoT, and drones for inspections and real-time monitoring of construction sites, private-public partnerships for large scale projects, focus on sustainability as there is a demand for eco-friendly building materials, and certifications like BREEAM, LEED, and Green Star. Several factors are fueling the market growth and expansion urbanization as there is considerable growth in countries like China, India, and Southeast Asia, government supported initiatives like the smart city developments and Belt and Road Initiative (BRI), rising enforcement of safety standards and green building certifications, and global supply chains the ensure the quality of imported and locally sourced construction materials.

Asia Pacific TIC Market for Building & Construction Industry Challenges

The testing, inspection, and certification market face certain limitations such as diverse regulatory frameworks across countries, high costs for advanced TIC services and complexity in verifying sustainability standards..

Asia Pacific TIC Market for Building & Construction Industry Opportunities

Testing, inspection, and certification is a massive market that provides lucrative opportunities in technologies such as big data analytics, next-generation automation, AI, robotics, drones, cloud and cybersecurity.

Recent Developments by Key Players

Bureau Veritas which is a global leader in Testing, Inspection, and Certification services has acquired The APP Group (a leading provider of Assurance, Compliance, Independent Verification and Certification (IV/IC)) in Australia. This collaboration will enhance Bureau Veritas' presence in the Asia-Pacific region and develop its capabilities to support infrastructure projects.

Asia Pacific TIC Market for Building & Construction Industry Segmentation

VynZ Research provides an analysis of the key trends in each segment of the Asia Pacific TIC Market for Building & Construction Industry report, along with forecasts at the regional and country levels from 2025-2030. Our report has categorized the market based on sourcing type, service type, industry vertical.

Insight by Sourcing Type

  • In-house
  • Outsourced

Based on sourcing type, the TIC market for the building & construction industry is divided into in-house and outsourced. Among these segments, the in-house segment dominates the market as deploying in-house testing and inspection will offer companies to have complete control over the entire process in terms of technology, skilled personnel, and testing and measurement equipment.

Insight by Service Type

  • Testing
  • Inspection
  • Certification

On the basis of service type, the TIC market for the building & construction industry is segmented into testing, inspection, and certification. Among these segments, the testing segment dominates the largest share in the testing, inspection, and certification market owing to the diverse product standards, stringent regulations, and growing industrialization. Testing practices in the building & construction industry results in maintaining high-quality parameters.

Insight by Industry Vertical

  • Building Materials
  • Infrastructure & Capital Equipment
  • Others

Based on industry vertical, the TIC market for the building & construction industry is segregated into building materials, infrastructure & capital equipment, and others. This is due to the extensive use of certified materials and technologies in the building and construction sectors.

Asia Pacific TIC Market for Building & Construction Industry Geographic Overview

Geographically, China dominates the Asia-Pacific TIC market for building and construction, followed by India and Japan. Southeast Asia is emerging as a high-growth area, which is driven by global investment and urban expansion.

Asia Pacific TIC Market for Building & Construction Industry Competitive Insight

  • SGS Group
  • Bureau Veritas
  • Intertek
  • TUV SUD
  • TUV Rheinland

Key players are adopting technological changes to improve their product portfolio and generate new revenues, optimize operational cost, and enhance service efficiencies via process upgrades. 

The Asia Pacific TIC Market for Building & Construction Industry report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

PRIMARY RESEARCH INTERVIEWS - BREAKDOWN

Asia Pacific TIC Market for Building & Construction Industry

Frequently Asked Questions

The Asia Pacific TIC market for the building and construction industry was valued at USD 3.5 billion in 2023.
The market is anticipated to grow at a compound annual growth rate (CAGR) of 4.7% during the forecast period from 2025 to 2030.
Key trends fueling market growth include digital transformation with AI and IoT, public-private partnerships for large-scale projects, focus on sustainability and eco-friendly building materials, and increasing demand for certifications like BREEAM, LEED, and Green Star.
The market faces challenges such as diverse regulatory frameworks across countries, high costs for advanced TIC services, and complexities in verifying sustainability standards.
There are lucrative opportunities in technologies such as big data analytics, next-generation automation, AI, robotics, drones, cloud computing, and cybersecurity within the TIC market.

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle

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Key Takeaways