US TIC Market for Sports and Entertainment Industry size was valued at USD 49.4 billion in 2023. It is likely to grow up to USD 62.5 billion by 2030 at a CAGR of 7.2% during the forecast period ranging between 2025 and 2030.
The US TIC market for sports and entertainment industry size was valued at USD 49.4 billion in 2023. It is likely to grow up to USD 62.5 billion by 2030 at a CAGR of 7.2% during the forecast period ranging between 2025 and 2030.
Testing and inspection are the operational components of quality control, which is essential to every manufacturing company's sustainability as it supports productivity, on-time delivery, cost, and market dominance. The TIC market consists of assessment bodies which offer services like testing, quality assurance, auditing, verification, and certification. The US TIC market for the sports & entertainment industry is characterized by various industry trends such as the need for reliable testing, inspection, and certification services, integration of advanced technology, and sustainability for TIC services. Various growth factors fuel the expansion of this market like stricter government regulations, increased consumer demand for safe and sustainable products, and the adoption of advanced technologies like smart sensors and blockchain. However, trade wars, growth fluctuations, and the high costs associated with diverse global standards and regulations.
Browse market data Tables and Figures spread through 90 Pages and in-depth TOC on US TIC Market For Sports And Entertainment Industry by Sourcing Type (In-House and Outsourced), by Service Type (Testing, Inspection, and Certification), by Industry Vertical (Sports Industry and Entertainment Industry), and by Geography (Northeast Region ) - Forecast from 2025 to 2030.
US TIC Market for Sports and Entertainment Industry Segmentation and Key Players
|
Segment / Key Players |
Categorization |
|
Sourcing Type |
In-House and Outsourced |
|
Service Type |
Testing, Inspection, and Certification |
|
Industry Vertical |
Sports Industry and Entertainment Industry |
|
Key Players |
Intertek Group plc, Bureau Veritas, SGS, Eurofins Scientific, TUV Rheinland, TUV Nord Group, TUV SUD |
By sourcing, inhouse dominated the US TIC market for sports and entertainment industry.
The in-house segment dominates the US market during the forecast period to enable organizations for handling TIC activities like ability to employ talent, on-site availability, and establish custom practices as per the needs of the organizations.
"Northeast region dominates the US TIC market for sports and entertainment industry."
Northeast region dominate the US TIC market for the sports & entertainment industry as it is a home to entertainment hubs, major sports leagues, and various tech and certification companies.
Some of the key players in this market are Intertek Group plc, Bureau Veritas, SGS, Eurofins Scientific, TUV Rheinland, TUV Nord Group, TUV SUD
Recent Developments By the Key Players
The Ascott Limited (Ascott), has entered into a global agreement with a world leader in testing, inspection and certification, Bureau Veritas to certify the hygiene and safety standards of its properties worldwide.
Eurofins Scientific (EUFI.PA) recently acquired Infinity Laboratories, Inc. This acquisition of Infinity enhances Eurofins’ portfolio in BioPharma product testing and medical device testing services.
The US TIC Market For Sports And Entertainment Industry report offers a comprehensive market segmentation analysis along with estimation for the forecast period 2025–2030.
US TIC Market For Sports And Entertainment Industry coverage (By Value)
- Sourcing type Insight and Forecast 2025 - 2030
- In-House
- Outsourced
- Service type Insight and Forecast 2025 - 2030
- Testing
- Inspection
- Certification
- Industry Vertical Insight and Forecast 2025 - 2030
- Sports industry
- Entertainment industry
Geographical Segmentation
US TIC Market For Sports And Entertainment Industry by Region
- U.S.
- Canada
- Mexico