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Europe TIC Market
| Status : Published | Published On : Feb, 2024 | Report Code : VRSME9138 | Industry : Semiconductor & Electronics | Available Format :
|
Page : 119 |
Europe TIC Market – Analysis and Forecast (2025-2030)
Industry Insights by Sourcing Type (In-House and Outsourced), by Service Type (Testing, Inspection, and Certification), by Industry Vertical (Agriculture & Food, Construction, Life Science, Consumer Goods & Retail, Transportation, Energy, Oil, Gas & Chemical, Mining, Environmental, and Others) and by Geography (Germany, U.K., France, Italy, Spain, Russia, Poland, and Rest of Europe)
Industry Overview
The Europe TIC Market is anticipated to grow from USD 52.3 billion in 2023 to USD 73.5 billion in 2030, registering a CAGR of 4.8% during the forecast period.
The purpose of TIC services is to ensure that the products, services, processes, and facilities are according to the client’s requirements along with compliance with international standards like ISO, IEC, etc., and regulations. Most of the TIC activities are obligatory and these TIC activities are conducted by nationally recognized bodies. Testing determines features of the product that should comply with specified procedures or standards. The testing is primarily conducted in laboratories during the production and transportation stage to enhance marketability and reduce costs. The inspection involves a personal-based visual examination of a product design, production process, installation, and volume of traded goods from the manufacturer to the end consumer. This is to ensure that the product complies with buyers’ specifications. Certification includes validating the product, systems, and processes according to international or government standards. Conformity assessment bodies provide services ranging from auditing and inspection to testing, verification, quality assurance, and certification in the testing, inspection, and certification industry.
The growing need among businesses and corporations to engage in safe and efficient testing, inspection, and certification practices drives the market growth of the testing, inspection, and certification (TIC) industry in the Europe region. Nevertheless, the demand for TIC services has increased in Europe as a result of factors like the rise in the illicit trade of pirated and counterfeit products, the propensity to outsource TIC services, and the high demand for testing services to guarantee effective interoperability of connected devices and networks.
Market Segmentation
Insight by Sourcing Type
Based on Sourcing Type, the Europe TIC industry is bifurcated into In-House and Outsourced. The outsourced TIC market is anticipated to have a high CAGR during the forecast period owing to increased demand for third-party testing and inspection. Large corporate houses and government authorities in Europe are appointing third-party companies to ensure quality standards and reduce operational costs. The demand for outsourcing among manufacturers and, in some cases, the privatization of state-owned laboratories will continue to be major factors in the expansion of the Europe TIC market for outsourced services. Thus, the increased global trade along with strict European Commission regulations about quality assurance will propel the market demand for TIC services in the region.
Insight by Service Type
Based on Service Type, the Europe TIC industry is segmented into Testing, Inspection, and Certification. Testing services dominate the European TIC market as it ensures effective interoperability of connected devices along with networks, leading to increased demand for TIC services. The increased adoption of automation among several industry verticals has led to a surge in demand for test automation services, thereby accelerating the market growth for the Europe TIC industry. The testing market is characterized by short-term contracts and therefore witnesses continuous demand while the inspection and certification services are characterized by long-term contracts.
While the inspection and certification services are characterized by long-term contracts, the testing market is characterized by short-term contracts, which results in constant demand. Also, rising product diversity and the development of novel products and technologies have increased the volume of testing and certification services in the European market. Furthermore, strict regulation enacted by the European Commission that conducts market surveillance and on-spot product inspections will further proliferate the market development of testing and inspection services during the forecast period.
Insight by Industry Vertical
Based on Industry Vertical, the European TIC industry is categorized into Agriculture & Food, Construction, Life Science, Consumer Goods & Retail, Automotive, Manufacturing and Industrial Goods, Energy & Utilities, Transportation, Oil, Gas & Chemical, Marine & Mining, Environmental, and Others. Consumer goods & retail are anticipated to contribute the largest share in the Europe TIC market owing to the implementation of stringent regulations by the EC that lead to a high product recall. The Rapid Alert System implemented by EC will aim to raise the standards for safe food and non-food products. The increasing quality demand among consumers along with quality assurance and compliance solutions has led to the growth of the Europe TIC market. The complexity of the global supply chain has increased the risk and hindered environmental safety, thereby bolstering the market demand for inspection and certification services.
Industry Dynamics
Europe TIC Market Report Coverage
|
Report Metric |
Details |
|
Historical Period |
2018 - 2023 |
|
Base Year Considered |
2024 |
|
Forecast Period |
2025 - 2030 |
|
Market Size in 2023 |
U.S.D. 52.3 Billion |
|
Revenue Forecast in 2030 |
U.S.D. 73.5 Billion |
|
Growth Rate |
4.8% |
|
Segments Covered in the Report |
By Sourcing Type, By Service Type, and 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 |
Germany, U.K., France, Italy, Spain, Russia, Poland, and Rest of Europe |
Growth Drivers
The stringent regulatory environment like REACH, CLS/GHS, EU Toy Safety Act, EU Energy Using Products, and CE and RE Marking, thereby ensuring safety and quality standards will accelerate the market expansion of TIC services in the European region. The increased demand for sophisticated products, rising non-conformity costs, increased need to protect consumers, and improving trade barriers within the EU market will stimulate the uptake of TIC services in the European region. The rising focus on product diversity and complexity along with reducing product lifecycle or technology lifecycle will lead to increased volume and innovation of new products and technologies, thereby resulting in increased demand for testing and inspection services. E.g.: - nanotechnology in food and pharmaceutical packaging, and fuel-efficient EVs in the automobile sector. Moreover, the increased demand for TIC services in APAC regions like China, India, etc. will significantly impact the European TIC market.
The increased cost associated with non-conformity and product recall will force companies to follow quality standards and safety regulations, thereby propelling the market growth for TIC services in the European region. Furthermore, end-use industry verticals are predicted to use TIC services for complex activities like supply chain monitoring, prototype testing, etc.
Challenges
The increasing cross-border trade, stringent regulations technological evolution, increased product customization, shorter product life cycles, and market impact of various technologies such as smart sensors, blockchain, big data and analytics, and connected devices will stimulate the market growth for the Europe TIC industry.
The increase of lead times for assessment programs as a result of increasing supply chain complexity and post-Brexit certification issues may stymie market expansion. Further, it is anticipated that a lack of skilled labor, inconsistent quality and testing procedures, and a lack of universal certification requirements will impede market expansion.
Opportunities
In the upcoming years, burgeoning TIC service applications in the industrial, construction, and infrastructure sectors are anticipated to create new market expansion prospects. The adoption of digital technologies and virtual inspection will create tremendous market opportunities for the industry players in the region.
Geographic Overview
Germany is anticipated to contribute the largest share in the Europe TIC market owing to stringent environmental standards and increased health safety initiatives. These play an important role in ensuring that facilities, utilities, and products meet the necessary standards and regulations. TUV SUD Group and DEKRA Certification have a strong presence in Germany, contributing to positive market growth.
In Germany, the testing, inspection, and certification market is moderately fragmented, with a few significant players. In terms of market share, the country's major players, such as TÜV SÜD Limited, dominate.
Competitive Insight
The European market for testing, inspection, and certification is intensely competitive, with several players. Market concentration appears to be moderate. The key players in the TIC market are acquiring small and midsized companies to diversify their consumer base and service portfolio, thereby increasing their geographical reach.
However, start-ups and incumbent TIC companies with a digital focus are challenging traditional TIC companies. Given the anticipated market growth and increasing globalization, existing TIC companies are expected to continue making M&A activities a part of their core strategy over the forecast period.
Bureau Veritas is a prominent provider of testing, inspection, and certification services (TIC). At Offshore Europe, one of the world's largest technical conferences and exhibitions for the offshore E&P industry, Bureau Veritas will demonstrate its market-leading range of testing, inspection, and certification services. Bureau Veritas is the only Independent Verification Body accredited to UKAS 17020 for the provision of verification services, and experts will be available to discuss how the organization works as an independent partner with thousands of companies around the world to provide TIC services. The markets & services offered by Bureau Veritas include agri-food, automotive & transport, building & infrastructure, consumer products & retail, cybersecurity, commodities, cross-market services, marine & offshore, oil & gas, and power & utilities.
An EU Notified Body, TÜV SÜD is qualified to assess a product's compliance with the majority of EU Directives and Regulations. Their testing services cover the entire spectrum of criteria necessary for a product to be accepted in the EU in comparison to the fundamental requirements of the Directives. To provide a one-stop service for CCC and ECE certification, TÜV SÜD cooperates with CATARC EUROPE in June 2022.Recent Development by Key Players
Key Players Covered in the Report
Some of the major players operating in the Europe TIC industry include Bureau Veritas, DEKRA SE, Applus+, ALS, DNV GL, SGS Société Générale de Surveillance SA, Intertek Group plc, TÜV SÜD, UL LLC, and MISTRAS Group.
The Europe TIC Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
- By Sourcing Type
- In-House
- Outsourced
- By Service Type
- Testing
- Inspection
- Certification
- By Industry Vertical
- Agriculture & Food
- Construction
- Life Science
- Consumer Goods & Retail
- Transportation
- Energy
- Oil
- Gas & Chemical
- Mining
- Environmental
- Others
Region Covered in the Report
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Poland
PRIMARY RESEARCH INTERVIEWS – BREAKDOWN
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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
1.2.4. By Region
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. Europe TIC Market Estimate and Forecast
4.1. Europe Market Overview
4.2. Europe 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. Agriculture & Food
5.3.1.1. Market Definition
5.3.1.2. Market Estimation and Forecast to 2030
5.3.2. Construction
5.3.2.1. Market Definition
5.3.2.2. Market Estimation and Forecast to 2030
5.3.3. Life Science
5.3.3.1. Market Definition
5.3.3.2. Market Estimation and Forecast to 2030
5.3.4. Consumer Goods & Retail
5.3.4.1. Market Definition
5.3.4.2. Market Estimation and Forecast to 2030
5.3.5. Transportation
5.3.5.1. Market Definition
5.3.5.2. Market Estimation and Forecast to 2030
5.3.6. Manufacturing and Industrial Goods
5.3.6.1. Market Definition
5.3.6.2. Market Estimation and Forecast to 2030
5.3.7. Energy & Utilities
5.3.7.1. Market Definition
5.3.7.2. Market Estimation and Forecast to 2030
5.3.8. Transportation
5.3.8.1. Market Definition
5.3.8.2. Market Estimation and Forecast to 2030
5.3.9. Oil, Gas & Chemical
5.3.9.1. Market Definition
5.3.9.2. Market Estimation and Forecast to 2030
5.3.10. Marine & Mining
5.3.10.1. Market Definition
5.3.10.2. Market Estimation and Forecast to 2030
5.3.11. Environmental
5.3.11.1. Market Definition
5.3.11.2. Market Estimation and Forecast to 2030
5.3.12. Others
5.3.12.1. Market Definition
5.3.12.2. Market Estimation and Forecast to 2030
6. Europe Market Estimate and Forecast
6.1. By Sourcing Type
6.2. By Service Type
6.3. By Industry Vertical
6.4. By Country
6.4.1. U.K. Market Estimate and Forecast
6.4.2. Germany Market Estimate and Forecast
6.4.3. France Market Estimate and Forecast
6.4.4. Spain Market Estimate and Forecast
6.4.5. Netherlands Market Estimate and Forecast
6.4.6. Sweden Market Estimate and Forecast
6.4.7. Poland Market Estimate and Forecast
6.4.8. Belgium Market Estimate and Forecast
6.4.9. Rest of Europe Market Estimate and Forecast
7. Company Profiles
7.1. Bureau Veritas
7.1.1. Snapshot
7.1.2. Overview
7.1.3. Offerings
7.1.4. Financial Insight
7.1.5. Recent Developments
7.2. DEKRA SE
7.2.1. Snapshot
7.2.2. Overview
7.2.3. Offerings
7.2.4. Financial Insight
7.2.5. Recent Developments
7.3. Applus+
7.3.1. Snapshot
7.3.2. Overview
7.3.3. Offerings
7.3.4. Financial Insight
7.3.5. Recent Developments
7.4. ALS
7.4.1. Snapshot
7.4.2. Overview
7.4.3. Offerings
7.4.4. Financial Insight
7.4.5. Recent Developments
7.5. DNV GL
7.5.1. Snapshot
7.5.2. Overview
7.5.3. Offerings
7.5.4. Financial Insight
7.5.5. Recent Developments
7.6. SGS Société Générale de Surveillance SA
7.6.1. Snapshot
7.6.2. Overview
7.6.3. Offerings
7.6.4. Financial Insight
7.6.5. Recent Developments
7.7. Intertek Group plc
7.7.1. Snapshot
7.7.2. Overview
7.7.3. Offerings
7.7.4. Financial Insight
7.7.5. Recent Developments
7.8. TÜV SÜD
7.8.1. Snapshot
7.8.2. Overview
7.8.3. Offerings
7.8.4. Financial Insight
7.8.5. Recent Developments
7.9. UL LLC
7.9.1. Snapshot
7.9.2. Overview
7.9.3. Offerings
7.9.4. Financial Insight
7.9.5. Recent Developments
7.10. MISTRAS Group
7.10.1. Snapshot
7.10.2. Overview
7.10.3. Offerings
7.10.4. Financial Insight
7.10.5. Recent Developments
11. Appendix
11.1. Exchange Rates
11.2. Abbreviations
Note: Financial insight and recent developments of different companies are subject to availability of information in secondary domain.
List of Tables
Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Europe TIC Market, By Sourcing Type, 2018-2023 (USD Billion)
Table 5 Europe TIC Market, By Sourcing Type, 2025-2030 (USD Billion)
Table 6 Europe TIC Market, By Service Type, 2018-2023 (USD Billion)
Table 7 Europe TIC Market, By Service Type, 2025-2030 (USD Billion)
Table 8 Europe TIC Market, By Industry Vertical, 2018-2023 (USD Billion)
Table 9 Europe TIC Market, By Industry Vertical, 2025-2030 (USD Billion)
Table 10 Europe TIC Market, By Region, 2018-2023 (USD Billion)
Table 11 Europe TIC Market, By Region, 2025-2030 (USD Billion)
Table 12 Germany TIC Market, By Sourcing Type, 2018-2023 (USD Billion)
Table 13 Germany TIC Market, By Sourcing Type, 2025-2030 (USD Billion)
Table 14 Germany TIC Market, By Service Type, 2018-2023 (USD Billion)
Table 15 Germany TIC Market, By Service Type, 2025-2030 (USD Billion)
Table 16 Germany TIC Market, By Industry Vertical, 2018-2023 (USD Billion)
Table 17 Germany TIC Market, By Industry Vertical, 2025-2030 (USD Billion)
Table 18 Germany TIC Market, By Country, 2018-2023 (USD Billion)
Table 19 Germany TIC Market, By Country, 2025-2030 (USD Billion)
Table 20 U.K. TIC Market, By Sourcing Type, 2018-2023 (USD Billion)
Table 21 U.K. TIC Market, By Sourcing Type, 2025-2030 (USD Billion)
Table 22 U.K. TIC Market, By Service Type, 2018-2023 (USD Billion)
Table 23 U.K. TIC Market, By Service Type, 2025-2030 (USD Billion)
Table 24 U.K. TIC Market, By Industry Vertical, 2018-2023 (USD Billion)
Table 25 U.K. TIC Market, By Industry Vertical, 2025-2030 (USD Billion)
Table 26 U.K. TIC Market, By Country, 2018-2023 (USD Billion)
Table 27 U.K. TIC Market, By Country, 2025-2030 (USD Billion)
Table 28 France TIC Market, By Sourcing Type, 2018-2023 (USD Billion)
Table 29 France TIC Market, By Sourcing Type, 2025-2030 (USD Billion)
Table 30 France TIC Market, By Service Type, 2018-2023 (USD Billion)
Table 31 France TIC Market, By Service Type, 2025-2030 (USD Billion)
Table 32 France TIC Market, By Industry Vertical, 2018-2023 (USD Billion)
Table 33 France TIC Market, By Industry Vertical, 2025-2030 (USD Billion)
Table 34 France TIC Market, By Country, 2018-2023 (USD Billion)
Table 35 France TIC Market, By Country, 2025-2030 (USD Billion)
Table 36 Italy TIC Market, By Sourcing Type, 2018-2023 (USD Billion)
Table 37 Italy TIC Market, By Sourcing Type, 2025-2030 (USD Billion)
Table 38 Italy TIC Market, By Service Type, 2018-2023 (USD Billion)
Table 39 Italy TIC Market, By Service Type, 2025-2030 (USD Billion)
Table 40 Italy TIC Market, By Industry Vertical, 2018-2023 (USD Billion)
Table 41 Italy TIC Market, By Industry Vertical, 2025-2030 (USD Billion)
Table 42 Italy TIC Market, By Country, 2018-2023 (USD Billion)
Table 43 Italy TIC Market, By Country, 2025-2030 (USD Billion)
Table 44 Spain TIC Market, By Sourcing Type, 2018-2023 (USD Billion)
Table 45 Spain TIC Market, By Sourcing Type, 2025-2030 (USD Billion)
Table 46 Spain TIC Market, By Service Type, 2018-2023 (USD Billion)
Table 47 Spain TIC Market, By Service Type, 2025-2030 (USD Billion)
Table 48 Spain TIC Market, By Industry Vertical, 2018-2023 (USD Billion)
Table 49 Spain TIC Market, By Industry Vertical, 2025-2030 (USD Billion)
Table 50 Spain TIC Market, By Country, 2018-2023 (USD Billion)
Table 51 Spain TIC Market, By Country, 2025-2030 (USD Billion)
Table 52 Russia TIC Market, By Sourcing Type, 2018-2023 (USD Billion)
Table 53 Russia TIC Market, By Sourcing Type, 2025-2030 (USD Billion)
Table 54 Russia TIC Market, By Service Type, 2018-2023 (USD Billion)
Table 55 Russia TIC Market, By Service Type, 2025-2030 (USD Billion)
Table 56 Russia TIC Market, By Industry Vertical, 2018-2023 (USD Billion)
Table 57 Russia TIC Market, By Industry Vertical, 2025-2030 (USD Billion)
Table 58 Russia TIC Market, By Country, 2018-2023 (USD Billion)
Table 59 Russia TIC Market, By Country, 2025-2030 (USD Billion)
Table 60 Poland TIC Market, By Sourcing Type, 2018-2023 (USD Billion)
Table 61 Poland TIC Market, By Sourcing Type, 2025-2030 (USD Billion)
Table 62 Poland TIC Market, By Service Type, 2018-2023 (USD Billion)
Table 63 Poland TIC Market, By Service Type, 2025-2030 (USD Billion)
Table 64 Poland TIC Market, By Industry Vertical, 2018-2023 (USD Billion)
Table 65 Poland TIC Market, By Industry Vertical, 2025-2030 (USD Billion)
Table 66 Poland TIC Market, By Country, 2018-2023 (USD Billion)
Table 67 Poland TIC Market, By Country, 2025-2030 (USD Billion)
Table 68 Rest of Europe TIC Market, By Sourcing Type, 2018-2023 (USD Billion)
Table 69 Rest of Europe TIC Market, By Sourcing Type, 2025-2030 (USD Billion)
Table 70 Rest of Europe TIC Market, By Service Type, 2018-2023 (USD Billion)
Table 71 Rest of Europe TIC Market, By Service Type, 2025-2030 (USD Billion)
Table 72 Rest of Europe TIC Market, By Industry Vertical, 2018-2023 (USD Billion)
Table 73 Rest of Europe TIC Market, By Industry Vertical, 2025-2030 (USD Billion)
Table 74 Rest of Europe TIC Market, By Region, 2018-2023 (USD Billion)
Table 75 Rest of Europe TIC Market, By Region, 2025-2030 (USD Billion)
Table 76 Snapshot – Bureau Veritas
Table 77 Snapshot – DEKRA SE
Table 78 Snapshot – Applus+
Table 79 Snapshot – ALS
Table 80 Snapshot – DNV GL
Table 81 Snapshot – SGS Société Générale de Surveillance SA
Table 82 Snapshot – Intertek Group plc
Table 83 Snapshot – TÜV SÜD
Table 84 Snapshot – UL LLC
Table 85 Snapshot – MISTRAS Group
List of Figures
Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Europe TIC Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Europe TIC Market Highlight
Figure 12 Europe TIC Market, By Sourcing Type, 2018 - 2030 (USD Billion)
Figure 13 Europe TIC Market, By Service Type, 2018 - 2030 (USD Billion)
Figure 14 Europe TIC Market, By Industry Vertical, 2018 - 2030 (USD Billion)
Figure 15 Europe TIC Market, By Region, 2018 - 2030 (USD Billion)
Figure 16 Germany TIC Market Highlight
Figure 17 Germany TIC Market, By Sourcing Type, 2018 - 2030 (USD Billion)
Figure 18 Germany TIC Market, By Service Type, 2018 - 2030 (USD Billion)
Figure 19 Germany TIC Market, By Industry Vertical, 2018 - 2030 (USD Billion)
Figure 20 Germany TIC Market, By Country, 2018 - 2030 (USD Billion)
Figure 21 U.K. TIC Market Highlight
Figure 22 U.K. TIC Market, By Sourcing Type, 2018 - 2030 (USD Billion)
Figure 23 U.K. TIC Market, By Service Type, 2018 - 2030 (USD Billion)
Figure 24 U.K. TIC Market, By Industry Vertical, 2018 - 2030 (USD Billion)
Figure 25 U.K. TIC Market, By Country, 2018 - 2030 (USD Billion)
Figure 26 France TIC Market Highlight
Figure 27 France TIC Market, By Sourcing Type, 2018 - 2030 (USD Billion)
Figure 28 France TIC Market, By Service Type, 2018 - 2030 (USD Billion)
Figure 29 France TIC Market, By Industry Vertical, 2018 - 2030 (USD Billion)
Figure 30 France TIC Market, By Country, 2018 - 2030 (USD Billion)
Figure 31 Italy TIC Market Highlight
Figure 32 Italy TIC Market, By Sourcing Type, 2018 - 2030 (USD Billion)
Figure 33 Italy TIC Market, By Service Type, 2018 - 2030 (USD Billion)
Figure 34 Italy TIC Market, By Industry Vertical, 2018 - 2030 (USD Billion)
Figure 35 Italy TIC Market, By Country, 2018 - 2030 (USD Billion)
Figure 36 Spain TIC Market Highlight
Figure 37 Spain TIC Market, By Sourcing Type, 2018 - 2030 (USD Billion)
Figure 38 Spain TIC Market, By Service Type, 2018 - 2030 (USD Billion)
Figure 39 Spain TIC Market, By Industry Vertical, 2018 - 2030 (USD Billion)
Figure 40 Spain TIC Market, By Country, 2018 - 2030 (USD Billion)
Figure 41 Russia TIC Market Highlight
Figure 42 Russia TIC Market, By Sourcing Type, 2018 - 2030 (USD Billion)
Figure 43 Russia TIC Market, By Service Type, 2018 - 2030 (USD Billion)
Figure 44 Russia TIC Market, By Industry Vertical, 2018 - 2030 (USD Billion)
Figure 45 Russia TIC Market, By Country, 2018 - 2030 (USD Billion)
Figure 46 Polland TIC Market Highlight
Figure 47 Polland TIC Market, By Sourcing Type, 2018 - 2030 (USD Billion)
Figure 48 Polland TIC Market, By Service Type, 2018 - 2030 (USD Billion)
Figure 49 Polland TIC Market, By Industry Vertical, 2018 - 2030 (USD Billion)
Figure 50 Polland TIC Market, By Country, 2018 - 2030 (USD Billion)
Figure 51 Rest of Europe TIC Market Highlight
Figure 52 Rest of Europe TIC Market, By Sourcing Type, 2018 - 2030 (USD Billion)
Figure 53 Rest of Europe TIC Market, By Service Type, 2018 - 2030 (USD Billion)
Figure 54 Rest of Europe TIC Market, By Industry Vertical, 2018 - 2030 (USD Billion)
Figure 55 Rest of Europe TIC Market, By Region, 2018 - 2030 (USD Billion)
Europe TIC Market Coverage
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
- Agriculture & Food
- Construction
- Life Science
- Consumer Goods & Retail
- Automotive
- Manufacturing and Industrial Goods
- Energy & Utilities
- Transportation
- Oil, Gas & Chemical
- Marine & Mining
- Environmental
- Others
Geographical Segmentation
Europe TIC Market by Region
Germany
- By Sourcing Type
- By Service Type
- By Industry Vertical
U.K.
- By Sourcing Type
- By Service Type
- By Industry Vertical
France
- By Sourcing Type
- By Service Type
- By Industry Vertical
Italy
- By Sourcing Type
- By Service Type
- By Industry Vertical
Spain
- By Sourcing Type
- By Service Type
- By Industry Vertical
Russia
- By Sourcing Type
- By Service Type
- By Industry Vertical
Poland
- By Sourcing Type
- By Service Type
- By Industry Vertical
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Europe TIC Market – Analysis and Forecast (2025-2030)
- The Europe TIC Market is posed expected to grow from USD 52.3 billion to USD 73.5 billion in 2030 at a moderately high CAGR of 4.8% during the forecast period.
- Within the segmentation based on sourcing, the outsourced segment is expected to grow due to higher mandate for third-party testing. Similarly, based on the service types, the testing segment will dominate due to higher efficiency, utility, and interoperability.
- The most significant growth drivers are the growing incidents of illegal trade, compliance requirements, strict regulations, growing concerns for interoperability, launch of new products, cost factors, rising demand, and quality assurance requirements.
- The most notable factors that hinder market growth include higher lead time, processing complexities, Brexit effects, reliability issues, and more. However, opportunities are created due to the higher adoption and extensive use advanced digital technologies.
- Germany dominates the market due to stricter health safety requirements and higher environmental standards. However, other European countries are also expected to grow due to the growing demand for quality assurance and compliance requirements.