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The TIC market for the logistics & supply chain industry is expected to witness a CAGR of 3.3% during the forecast period. Globalization has increased the cross-border sourcing, specialization, and the outsourcing of complementary activities. The workload of the TIC organization has also increased.  The end users are anticipating high-tech and quality products to be delivered in a short span of time at optimal costs. Buyers must ensure that the quantity and quality of the products they receive meet the specifications, especially from foreign suppliers. Moreover, buyers who want to take advantage of world market price advantages must ensure quality conformance to maintain their brand equity, resulting in the growth of the TIC market for the supply chain and logistics industry.

The TIC (Testing, Inspection, and Certification) market for the logistics and supply chain industry refers to the industry involved in providing testing, inspection, and certification services specifically tailored for logistics and supply chain operations. These services play a crucial role in ensuring compliance, quality control, safety, and efficiency throughout the logistics and supply chain processes.

The TIC services provided to the logistics and supply chain industry cover a wide range of activities, including:

Supply Chain Security: TIC companies assist in verifying compliance with security standards and regulations to ensure the integrity and safety of the supply chain. This includes inspections and certifications for supply chain security programs such as Customs-Trade Partnership Against Terrorism (C-TPAT) and Authorized Economic Operator (AEO) certifications.

Quality Control and Assurance: TIC services help maintain quality control and assurance in the logistics and supply chain industry. This includes inspections, testing, and certifications for products, packaging, and transportation processes to ensure compliance with quality standards and customer requirements.

Product Safety and Compliance: TIC companies provide testing and certification services to ensure that products being transported or stored meet safety regulations and industry standards. This includes verifying compliance with regulations such as REACH, RoHS, and other product-specific safety requirements.

Verification of Cargo and Container Integrity: TIC services involve inspections and testing to verify the integrity of cargo and containers. This includes checks for proper packaging, labeling, and adherence to handling and storage requirements to prevent damage, contamination, or loss of goods during transportation.

Temperature and Environmental Monitoring: TIC companies offer temperature and environmental monitoring services to ensure the proper handling and transportation of temperature-sensitive products, such as pharmaceuticals, perishable goods, and chemicals. This includes monitoring and certification of temperature-controlled storage facilities, transportation equipment, and processes.

Compliance with International Standards: TIC services assist in ensuring compliance with international standards and regulations across different regions. This includes verifying compliance with ISO standards, industry-specific certifications, and regulations related to transportation, handling, and storage of goods.

The COVID-19 pandemic has disrupted the supply chain globally. Moreover, it has affected the company’s competitive strategies, economic growth, and job creation in the logistics and supply chain industry. Thus, the TIC market is anticipated to recover from the COVID-19 outbreak owing to innovation in services such as virtual inspections, visual inspection, and remote auditing.  

Bureau Veritas, a world leader in testing, inspection, and certification (TIC) services, is launching Supply-R, a solution designed to meet companies’ new challenges relating to supplier network reliability and ensuring business continuity in all circumstances.

Browse 53 market data Tables and 35 Figures spread through 200 Pages and in-depth TOC on " TIC Market for Logistics & Supply Chain Industry by Sourcing Type (In-House and Outsourced), by Service Type (Testing, Inspection, and Certification), by Industry Vertical (Warehouse Management, Transportation, Labor Management, Less Than Truckload (LTL), Inbound Logistics, Outbound Logistics, Cargo, ERP, and Others), and Region - Global Forecast to 2030"

By sourcing type, in-house segment is playing an important role in the TIC market for the logistics & supply chain industry during the forecast period.

Based on sourcing type, the TIC market for the logistics and supply chain industry is bifurcated into in-house and outsourced. The in-house segment dominates the market in 2022 owing to its cost-effectiveness, and have control over the entire process in terms of productivity, lead time, and inventory management. Moreover, in-house supply chain management will provide various advantages such as increased quality control, hire skilled employees who can align with the culture and company’s vision, better control and visibility into the operational cost.

Global TIC Market for Logistics & Supply Chain Industry Segmentation Analysis

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“APAC is anticipated to witness high CAGR during the forecast period in the TIC market for logistics & supply chain industry.”

The Asia Pacific region is projected to be having a high CAGR over the forecasted period owing to the adoption of advanced technologies in the TIC market for the logistics & supply chain industry. There are growing investment investments in infrastructure by the government and private enterprises especially in India and Indonesia, so as to ease the movement and improving infrastructure will propel the demand for Supply Chain Management in the region. The growing shift of APAC companies towards lean and rapidly advanced supply chains along with end-to-end visibility by innovation in the latest technologies is one of the major drivers of SCM software and services in the region, leading to the growth of the TIC market in logistics & supply chain industry.

Some of the key players operating in the TIC market in the logistics & supply chain industry: Intertek Group plc, Bureau Veritas, UL LLC, SGS SA, Eurofins Scientific, TUV Rheinland, TUV SUD, DEKRA SE, The British Standards Institute, and DNV GL.

Scope of the Report

Global TIC Market for Logistics & Supply Chain Industry- Market Coverage

Sourcing Type Insight and Forecast 2018-2030

• In-House
• Outsourced

Service Type Insight and Forecast 2018-2030

• Testing
• Inspection
• Certification

Industry Vertical Insight and Forecast 2018-2030

• Warehouse Management
• Transportation
• Labor Management
• Less Than Truckload (LTL)
• Inbound Logistics
• Outbound Logistics
• Cargo
• ERP
• Others

Geographical Segmentation

TIC Market for Logistics & Supply Chain Industry by Region

North America

• By Sourcing Type
• By Service Type
• By Industry Vertical
• By Country – U.S., Canada, and Mexico

Europe

• By Sourcing Type
• By Service Type
• By Industry Vertical
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Sourcing Type
• By Service Type
• By Industry Vertical
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Sourcing Type
• By Service Type
• By Industry Vertical
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries