Asia Pacific TIC Market for Sports and Entertainment Industry

Industry Overview

The Asia Pacific TIC Market for Sports and Entertainment Industry size was valued at USD 1.1 billion in 2023. It is likely to grow up to USD 2.1 billion by 2030 at a CAGR of 5.3% during the forecast period ranging between 2025 and 2030.

The TIC market contain assessment bodies offering services like testing, auditing, quality assurance, verification, and certification. Every manufacturing company requires testing and inspection which are the operational components of quality control that are essential to for sustainability as it supports productivity, cost, on-time delivery, and market dominance. In TIC, testing is an industrial process that ensures manufactured goods, individual parts, and multi-component systems are appropriate for their intended use.

Asia Pacific TIC Market for Sports and Entertainment Industry Report Coverage

Asia Pacific Market for Sports & Entertainment Industry Trends/ Growth Drivers:

The demand for TIC services is growing in Asia Pacific due to the middle class that is growing demand for consumer products. The growing industrial sector in Asia Pacific is increasing demand for quality control and risk management services. In addition, the growing regulatory requirements in Asia Pacific are increasing demand for TIC services.

Asia Pacific Market for Sports & Entertainment Industry Challenges:

Third-party verification for products can be time-consuming, which can slow down the import and export of goods. Different regions and industries have different regulations, which can create a fragmented market.

Asia Pacific Market for Sports & Entertainment Industry Opportunities:

Testing, inspection, and certification provides various opportunities in technologies such as next-generation automation, robotics, AI, big data analytics, drones, cloud and cyber-security.  Furthermore, opportunities exist in deploying effective and extensive inspection systems, along with emerging technologies to enhance service offerings in Asia Pacific.

Recent Developments by Key Players

Eurofins Scientific, a global scientific leader in bio-analytical testing, with a rapidly developing presence in highly specialised and molecular clinical diagnostics testing and in-vitro diagnostic products, has signed an agreement with SYNLAB to acquire its clinical diagnostics operations in Spain.

Envision Energy and TÜV Nord has signed a strategic cooperation memorandum. This partnership is across nine key areas related to Envision's self-developed wind power supply chain, including technological research and product development, certification, testing, quality management, and internationalization strategy.

Asia Pacific TIC Market for Sports & Entertainment Industry Segmentation:

VynZ Research provides an analysis of the key trends in each segment of the Asia Pacific TIC Market for Sports & Entertainment 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, and industry vertical.

Insight by Sourcing Type

Based on sourcing type, the Asia Pacific market for the sports & entertainment industry is bifurcated into in-house and outsourced. Among the two segments, 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.

Insight by Service Type

On the basis of service type, the Asia Pacific market for the sports & entertainment industry is segmented into testing, inspection, and certification. Among these segments, the testing segment dominates the market to deliver safe products to the targeted markets.

Insight by Industry Vertical

Based on industry vertical, the Asia Pacific market for the sports & entertainment industry is divided into sports industry (sports equipment, fitness studios, water sports products, bicycles & electric cycles, playgrounds & climbing parks, and others) and entertainment industry (theatre, stage and studio equipment, musical instruments, camping & seasonal equipment, and others). TIC services help in demonstrating the safety, functionality, and longevity of products in the sports equipment industry and these are the qualities consumers look for while purchasing sports gear.

Asia Pacific market for the sports & entertainment industry: Geographic Overview

China dominate the Asia Pacific market for the sports & entertainment due to the demand for TIC services, specifically consumer electronics and automotive.

Asia Pacific market for the sports & entertainment industry: Competitive Insights

The Asia Pacific market for sports & entertainment industry report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

1.    Research Overview

        1.1.    The Report Offers
        1.2.    Market Coverage
                  1.2.1.    By Sourcing Type 
                  1.2.2.    By Service Type 
                  1.2.3.    By Industry Vertical 
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Methodology
                  1.5.1.  Data Sources
                             1.5.1.1. Primary Research
                             1.5.1.2. Secondary Research
                  1.5.2.  Methodology
                             1.5.2.1. Data Exploration
                             1.5.2.2. Forecast Parameters
                             1.5.2.3. Data Validation
                             1.5.2.4. Assumptions
                  1.5.3.  Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

       3.1.    Industry Dynamics
                 3.1.1.    Market Growth Drivers
                 3.1.2.    Market Restraints
                 3.1.3.    Key Market Trends
                 3.1.4.    Major Opportunities
       3.2.    Industry Ecosystem
                 3.2.1.    Porter’s Five Forces Analysis
                 3.2.2.    Recent Development Analysis
                 3.2.3.    Value Chain Analysis
       3.3.    Competitive Insight
                 3.3.1.    Competitive Position of Industry Players
                 3.3.2.    Market Attractive Analysis
                 3.3.3.    Market Share Analysis

4.    Global Market Estimate and Forecast

       4.1.    Global Market Overview
       4.2.    Global Market Estimate and Forecast to 2030

5.    Market Segmentation Estimate and Forecast

       5.1.    By Sourcing Type 
                 5.1.1. In-house
                           5.1.1.1. Market Definition
                           5.1.1.2. Market Estimation and Forecast to 2030
                 5.1.2. Outsourced
                           5.1.2.1. Market Definition
                           5.1.2.2. Market Estimation and Forecast to 2030

       5.2.    By Service Type 
                 5.2.1. Testing
                           5.2.1.1. Market Definition
                           5.2.1.2. Market Estimation and Forecast to 2030
                 5.2.2. Inspection
                           5.2.2.1. Market Definition
                           5.2.2.2. Market Estimation and Forecast to 2030
                 5.2.3. Certification
                           5.2.3.1. Market Definition
                           5.2.3.2. Market Estimation and Forecast to 2030

       5.3.    By Industry Vertical 
                 5.3.1. Sports Industry
                           5.3.1.1. Market Definition
                           5.3.1.2. Market Estimation and Forecast to 2030
                 5.3.2. Entertainment Industry
                           5.3.2.1. Market Definition
                           5.3.2.2. Market Estimation and Forecast to 2030

6.   China Market Estimate and Forecast

      6.1.    By Sourcing Type   
      6.2.    By Service Type   
      6.3.    By Industry Vertical   

7.   Japan Market Estimate and Forecast

      7.1.    By Sourcing Type   
      7.2.    By Service Type   
      7.3.    By Industry Vertical   

8.   India Market Estimate and Forecast

      8.1.    By Sourcing Type   
      8.2.    By Service Type   
      8.3.    By Industry Vertical   

9.   South Korea Market Estimate and Forecast

      9.1.    By Sourcing Type   
      9.2.    By Service Type   
      9.3.    By Industry Vertical   

10.   Vietnam Market Estimate and Forecast

      10.1.    By Sourcing Type   
      10.2.    By Service Type   
      10.3.    By Industry Vertical   

11.   Thailand Market Estimate and Forecast

      11.1.    By Sourcing Type   
      11.2.    By Service Type   
      11.3.    By Industry Vertical   

12.   Malaysia Market Estimate and Forecast

      12.1.    By Sourcing Type   
      12.2.    By Service Type   
      12.3.    By Industry Vertical   

13.   Rest of Asia-Pacific Market Estimate and Forecast

      13.1.    By Sourcing Type   
      13.2.    By Service Type   
      13.3.    By Industry Vertical   

10.  Company Profiles

       10.1.   Intertek Group plc
                  10.1.1.    Snapshot
                  10.1.2.    Overview
                  10.1.3.    Offerings
                  10.1.4.    Financial Insight
                  10.1.5.    Recent Developments
       10.1.   Bureau Veritas
                  10.1.1.    Snapshot
                  10.1.2.    Overview
                  10.1.3.    Offerings
                  10.1.4.    Financial Insight
                  10.1.5.    Recent Developments
       10.1.   SGS SA
                  10.1.1.    Snapshot
                  10.1.2.    Overview
                  10.1.3.    Offerings
                  10.1.4.    Financial Insight
                  10.1.5.    Recent Developments
       10.1.   Eurofins Scientific
                  10.1.1.    Snapshot
                  10.1.2.    Overview
                  10.1.3.    Offerings
                  10.1.4.    Financial Insight
                  10.1.5.    Recent Developments
       10.1.   TUV Rheinland
                  10.1.1.    Snapshot
                  10.1.2.    Overview
                  10.1.3.    Offerings
                  10.1.4.    Financial Insight
                  10.1.5.    Recent Developments
       10.1.   TUV Nord Group
                  10.1.1.    Snapshot
                  10.1.2.    Overview
                  10.1.3.    Offerings
                  10.1.4.    Financial Insight
                  10.1.5.    Recent Developments
       10.1.   TUV SUD
                  10.1.1.    Snapshot
                  10.1.2.    Overview
                  10.1.3.    Offerings
                  10.1.4.    Financial Insight
                  10.1.5.    Recent Developments

11.    Appendix

         11.1.    Exchange Rates
         11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.