Asia Pacific TIC Market for Consumer Goods & Retail Industry

Industry Overview

Asia Pacific TIC Market for Consumer Goods & Retail Industry size was valued at USD 24.2 billion in 2023 at a CAGR of 2.3% during the forecast period ranging between 2025 and 2030.

The consumer products and retail industries account for a sizable amount of the Testing, Inspection, and Certification (TIC) industry, which is dominated by the Asia Pacific region. Rapid industrialization, rising regulatory demands, and consumers' growing concern on product safety and quality are the main drivers of this domination.

Asia Pacific TIC Market for Consumer Goods & Retail Industry Trends/ Growth Drivers:

The need for TIC services to guarantee that products satisfy both local and international standards is fueled by Asia Pacific's burgeoning manufacturing sector, especially in nations like China and India. 

Businesses are aggressively investing in TIC services as a result of the region's governments enforcing stronger laws regarding the safety and quality of products. Businesses are prioritizing TIC services in order to establish and preserve trust as consumers get more discriminating and expect safer and higher-quality products.

Since many of the nations in the region depend significantly on exports, TIC services are essential to fulfilling the unique requirements and standards of importing nations. 

The region's rapidly expanding e-commerce sector is also driving up demand for TIC services since online retailers need to ensure the integrity and security of the products they offer on their platforms. A stronger focus on sustainability is also driving demand for TIC services related to environmental regulations and sustainable sourcing.

Asia Pacific TIC Market for Consumer Goods & Retail Industry Challenges

In the TIC industry, a lack of skilled workers may impede market expansion. Businesses that operate in several markets may encounter difficulties due to the absence of globally unified standards.

Asia Pacific TIC Market for Consumer Goods & Retail 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 Asia Pacific.

Recent Developments by Key Players

Tuv Sud, a German company that specializes in safety, quality, compliance, security, and sustainability solutions, gave a sneak peek at their mobile lab for EV sector e-mobility training on campus. 

Bureau Veritas, a global leader in Testing, Inspection, and Certification services (TIC) has announced three targeted acquisitions in the rapidly expanding fields of cybersecurity, nuclear, and transition services. To bolster its expertise in the nuclear business, Bureau Veritas has inked a deal with Dornier Group to buy its German unit, Dornier Hinneburg. Additionally, it inked contracts to extend its sustainability consulting services in South Korea by purchasing EcoPlus and to buy Institute For Cyber Risk (IFCR) in order to gain a presence in the Nordic cybersecurity markets.

Asia Pacific TIC Market for Consumer Goods & Retail Industry Segmentation

VynZ Research provides an analysis of the key trends in each segment of Asia Pacific TIC Market for Consumer Goods & Retail 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.

Asia Pacific TIC Market for Consumer Goods & Retail Industry: Geographic Overview

China is anticipated to be the region's main engine of growth, followed by important markets like South Korea, Japan, and India. The region's focus on export quality and compliance with international standards has created substantial opportunities for TIC services across various sectors. 

Asia Pacific TIC Market for Consumer Goods & Retail Industry: Competitive Insights

Asia Pacific TIC Market for Consumer Goods & Retail 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
        1.3.    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

6.   China Market Estimate and Forecast

7.   Japan Market Estimate and Forecast

8.   India Market Estimate and Forecast

9.   South Korea Market Estimate and Forecast

10.   Vietnam Market Estimate and Forecast

11.   Thailand Market Estimate and Forecast

12.   Malaysia Market Estimate and Forecast

13.   Rest of Asia-Pacific Market Estimate and Forecast

10.  Company Profiles

       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.   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.   Setsco Services
                  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.   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
       10.1.   HQTS Group Ltd.
                  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.