US TIC Market for Sports and Entertainment Industry

Industry Overview

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.

In TIC, testing is an industrial process that ensures individual parts, manufactured goods, and multi-component systems are appropriate for their intended use. 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.

US TIC Market for Sports and Entertainment Industry Report Coverage

US TIC Market for Sports & Entertainment Industry Trends/ Growth Drivers:

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.

Several growth factors are fueling 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. The emphasis on safety, quality, and compliance in these sectors underscores the importance of TIC services in maintaining industry standards and protecting public health.

US TIC Market for Sports & Entertainment Industry Challenges

The testing, inspection, and certification market may face certain challenges like trade wars, growth fluctuations, and the high costs associated with diverse global standards and regulations. Additionally, a lack of testing facilities and skilled personnel may also hamper market growth.

US TIC Market for Sports & Entertainment Industry Opportunities

Testing, inspection, and certification provides lucrative opportunities in technologies such as next-generation automation, AI, big data analytics, robotics, drones, cloud and cyber-security.  However, opportunities exist in deploying effective and extensive inspection systems, as well as leveraging emerging technologies to enhance service offerings in US.

Recent Developments by Key Players

Intertek inaugurated a new regional headquarters in Riyadh, Saudi Arabia, underscoring its commitment to the Middle East market.

Bureau Veritas acquired Aligned Incentives, which is a pioneer in enterprise sustainability planning. This acquisition shall expand company’s global sustainability services by integrating AI-powered solutions, enhancing its offerings in sustainability planning and reporting.

US TIC Market for Sports & Entertainment Industry Segmentation

VynZ Research provides an analysis of the key trends in each segment of the US 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 US TIC 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

Based on service type, the US TIC 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 US TIC 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.

US TIC market for the sports & entertainment industry: Geographic Overview

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.

US TIC market for the sports & entertainment industry: Competitive Insights

The US TIC 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.   U.S. Market Estimate and Forecast

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

7.   Canada Market Estimate and Forecast

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

8.   Mexico Market Estimate and Forecast

      8.1.    By Sourcing Type   
      8.2.    By Service Type   
      8.3.    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 S
                  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.