Status : Published | Published On : Jan, 2024 | Report Code : VRSME9072 | Industry : Semiconductor & Electronics | Available Format :
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The Logistics And Supply Chain Industry's Testing, Inspection, And Certification Market reached USD 12.4 billion in 2030, currently in year 2023 the market is at USD 6.8 billion, with a projected CAGR of 3.3% from 2025 to 2030. TIC testing guarantees the suitability of manufactured products, components, and systems for their intended purpose.
Inspection and testing are the operational parts of quality control and includes cost, productivity, on-time delivery, and market share, thus the crucial factor for the survival of any manufacturing company. The TIC market report comprises conformity assessment agencies and includes audit and inspection, testing, verification, quality assurance, and certification.
Logistics and supply chain is one of the fastest-growing sectors owing to the boom in information technology and innovation in sophisticated databases which can track inventor and shipment globally via the internet, resulting in efficiency in transport and logistics. Moreover, growing urbanization, stringent certification requirements, concerns regarding proper handling, product safety, and quality will propel the growth of the TIC market for the logistics and supply chain industry. Owing to the COVID-19 pandemic, logistics firms that are involved in the storage, movement, and flow of goods have been adversely affected by the outbreak. The supply chain disruptions will negatively impact the competitiveness, economic growth, and job creation in the logistics and supply chain industry.
Based on sourcing type, the TIC market for the logistics and supply chain industry is bifurcated into in-house and outsourced. Among the two segments, the in-house segment is expected to witness the largest share during the forecast period 2025-2030. In-house logistics will help the organizations to include all the services and take measures in planning, networking, management, and communication for the logistics of its products. Moreover, companies will have a full control over the process i.e., technology, skilled personnel, and testing and measurement equipment.
Based on service type, the TIC market for the logistics and supply chain industry is segmented into testing, inspection, and certification. The inspection segment is anticipated to grow fast during the forecast period owing to vendor audits and vendor site inspections to meet the supply chain requirements. Moreover, it will manage project risk, supply chain risk, resulting in delivery of the product safely, and will comply with regulations and specifications. Moreover, the certification market is projected to have a high CAGR in the logistics and supply chain industry during the forecast period owing to the mandatory global standards, companies’ rising need to improve the product value, and mounting demand for quality and safe products. ISO 28000 certification helps minimize the risk and damage on people, property, and cargo, optimize the processes to avoid delays and security risks, and enable to develop of a business continuity plan.
Based on industry vertical, the TIC market for the logistics and supply chain industry is divided into warehouse management, transportation, labor management, less than truckload (LTL), inbound logistics, outbound logistics, cargo, ERP. Inbound logistics is growing at a significant pace owing to its effectiveness and integrity as it is ordered automatically or by order-fulfillment systems. Warehouse management will lead to optimization of hierarchy and communication, inventory reliability, optimal stock required, and classification, resulting in the growth of this segment in the TIC for the logistics and supply chain industry.
Report Metric |
Details |
Historical Period |
2020 - 2024 |
Base Year Considered |
2025 |
Forecast Period |
2026 - 2035 |
Market Size in 2025 |
U.S.D. 6.8 Billion |
Revenue Forecast in 2035 |
U.S.D. 12.4 Billion |
Growth Rate |
3.3% |
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 |
North America, Europe, Asia-Pacific, Middle East, and Rest of the World |
The TIC market for the logistics and supply chain industry has various industry trends such as rising investment in AR and VR, growing use of connected devices and cloud-based technology, increasing mergers and acquisitions by the industry players, and sustained consolidation of suppliers leading to globalization.
Rigorous global regulations, increasing scrutiny from stakeholders, reliance on global sourcing, confidential information management, inventory transportation, chemical information organization, and process simplification will boost the TIC market growth in the logistics and supply chain industry. Additionally, effective supply chain management, including organized warehousing and strategic logistics planning, is crucial for optimizing productivity and reducing business and liability risks. These factors will further drive the growth of the TIC market in the logistics and supply chain industry.
The TIC market for logistics and supply chain face the challenge of the use of sub-contractors and agents who do not know the compliance level and the risk involved. Moreover, the threat of natural disasters may interfere in the operations resulting in delay or damage of goods. Furthermore, lack of testing facilities and skilled personnel may hinder the growth of the TIC market
Testing, inspection, and certification is a huge market that provides opportunities in technologies and has revolutionized the concept of supply chain 4.0 i.e. integrated use of robotics and automation, sensors and IoT, AR and VR, cloud computing, AI, big data analytics, etc. where digital technologies are used on the global value chains, resulting in physical and virtual manufacturing and transportation systems work together to streamline the production. This will result in providing mass customization and develop new business models in a more transparent way.
North America is anticipated to witness the largest market share during the forecast period in the TIC market for the logistics and supply chain industry owing to the technology-developed region along with a rising number of early adopters and the presence of major industry players. There is a rising need for SCM in the region owing to the focus on its supply chain functions like logistics, warehousing, production, and managing transport.
Key players are focusing on technological development to improve their product portfolio and increase their revenues, optimize the operational cost, and improve service efficiencies. The market players are taking the COVID-19 crisis as an opportunity to restructure and revisit their existing strategies, focus on new services and delivery models to access the growing demand for automation, remote service execution, and improved digitization.
Bureau Veritas is 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.
Intertek Group plc is an industry leading partner for the Logistics and Transportation sector, specialising in bespoke auditing and supply chain solutions.
Some of the key players operating in the TIC market in the logistics and supply chain industry are Intertek Group plc, Bureau Veritas, UL LLC, SGS SA, Eurofins Scientific, TUV Rheinland, TUV SUD, DEKRA SE, The British Standards Institute, and DNV GL.
Total Quality Assurance (TQA) provider Intertek has entered a strategic partnership with software company Trace For Good to launch a software as a service (SaaS) platform to improve traceability and sustainability in textile and apparel supply chains.
Eurofins CDMO Alphora Inc. has launched its Biologics initiative, as part of its vision to diversify and grow within the contract development and manufacturing industry in North America.
The TIC Market for Logistics & Supply Chain Industry report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
Region Covered in the Report
Source: VynZ Research
Source: VynZ Research
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. 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. Warehouse Management
5.3.1.1. Market Definition
5.3.1.2. Market Estimation and Forecast to 2030
5.3.2. Transportation
5.3.2.1. Market Definition
5.3.2.2. Market Estimation and Forecast to 2030
5.3.3. Less Than Truckload (LTL)
5.3.3.1. Market Definition
5.3.3.2. Market Estimation and Forecast to 2030
5.3.4. Inbound Logistics
5.3.4.1. Market Definition
5.3.4.2. Market Estimation and Forecast to 2030
5.3.5. Outbound Logistics
5.3.5.1. Market Definition
5.3.5.2. Market Estimation and Forecast to 2030
5.3.6. Cargo
5.3.6.1. Market Definition
5.3.6.2. Market Estimation and Forecast to 2030
5.3.7. ERP
5.3.7.1. Market Definition
5.3.7.2. Market Estimation and Forecast to 2030
5.3.8. Others
5.3.8.1. Market Definition
5.3.8.2. Market Estimation and Forecast to 2030
6. North America 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.S. Market Estimate and Forecast
6.4.2. Canada Market Estimate and Forecast
6.4.3. Mexico Market Estimate and Forecast
7. Europe Market Estimate and Forecast
7.1. By Sourcing Type
7.2. By Service Type
7.3. By Industry Vertical
7.4. By Country
7.4.1. Germany Market Estimate and Forecast
7.4.2. France Market Estimate and Forecast
7.4.3. U.K. Market Estimate and Forecast
7.4.4. Italy Market Estimate and Forecast
7.4.5. Spain Market Estimate and Forecast
7.4.6. Rest of Europe Market Estimate and Forecast
8. Asia-Pacific Market Estimate and Forecast
8.1. By Sourcing Type
8.2. By Service Type
8.3. By Industry Vertical
8.4. By Country
8.4.1. China Market Estimate and Forecast
8.4.2. Japan Market Estimate and Forecast
8.4.3. India Market Estimate and Forecast
8.4.4. South Korea Market Estimate and Forecast
8.4.5. Singapore Market Estimate and Forecast
8.4.6. Rest of Asia-Pacific Market Estimate and Forecast
9. Rest of the World (RoW) Market Estimate and Forecast
9.1. By Sourcing Type
9.2. By Service Type
9.3. By Industry Vertical
9.4. By Country
9.4.1. Brazil Market Estimate and Forecast
9.4.2. Saudi Arabia Market Estimate and Forecast
9.4.3. South Africa Market Estimate and Forecast
9.4.4. Other Countries Market Estimate and Forecast
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
10.2. Bureau Veritas
10.2.1. Snapshot
10.2.2. Overview
10.2.3. Offerings
10.2.4. Financial Insight
10.2.5. Recent Developments
10.3. UL LLC
10.3.1. Snapshot
10.3.2. Overview
10.3.3. Offerings
10.3.4. Financial Insight
10.3.5. Recent Developments
10.4. SGS SA
10.4.1. Snapshot
10.4.2. Overview
10.4.3. Offerings
10.4.4. Financial Insight
10.4.5. Recent Developments
10.5. Eurofins Scientific
10.5.1. Snapshot
10.5.2. Overview
10.5.3. Offerings
10.5.4. Financial Insight
10.5.5. Recent Developments
10.6. TUV Rheinland
10.6.1. Snapshot
10.6.2. Overview
10.6.3. Offerings
10.6.4. Financial Insight
10.6.5. Recent Developments
10.7. TUV SUD
10.7.1. Snapshot
10.7.2. Overview
10.7.3. Offerings
10.7.4. Financial Insight
10.7.5. Recent Developments
10.8. DEKRA SE
10.8.1. Snapshot
10.8.2. Overview
10.8.3. Offerings
10.8.4. Financial Insight
10.8.5. Recent Developments
10.9. The British Standards Institute
10.9.1. Snapshot
10.9.2. Overview
10.9.3. Offerings
10.9.4. Financial Insight
10.9.5. Recent Developments
10.10. DNV GL
10.10.1. Snapshot
10.10.2. Overview
10.10.3. Offerings
10.10.4. Financial Insight
10.10.5. Recent Developments
11. Appendix
11.1. Exchange Rates
11.2. Abbreviations
Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain
List of Tables
Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global TIC Market for Logistics and Supply Chain Industry Size, By Sourcing Type,2018 - 2023 (USD Billion)
Table 5 Global TIC Market for Logistics and Supply Chain Industry Size, By Sourcing Type, 2025 - 2030 (USD Billion)
Table 6 Global TIC Market for Logistics and Supply Chain Industry Size, By Service Type,2018 - 2023 (USD Billion)
Table 7 Global TIC Market for Logistics and Supply Chain Industry Size, By Service Type, 2025 - 2030 (USD Billion)
Table 8 Global TIC Market for Logistics and Supply Chain Industry Size, By Industry Vertical,2018 - 2023 (USD Billion)
Table 9 Global TIC Market for Logistics and Supply Chain Industry Size, By Industry Vertical, 2025 - 2030 (USD Billion)
Table 10 Global TIC Market for Logistics and Supply Chain Industry Size, by Region,2018 - 2023 (USD Billion)
Table 11 Global TIC Market for Logistics and Supply Chain Industry Size, by Region, 2025 - 2030 (USD Billion)
Table 12 North America TIC Market for Logistics and Supply Chain Industry Size, By Sourcing Type,2018 - 2023 (USD Billion)
Table 13 North America TIC Market for Logistics and Supply Chain Industry Size, By Sourcing Type, 2025 - 2030 (USD Billion)
Table 14 North America TIC Market for Logistics and Supply Chain Industry Size, By Service Type,2018 - 2023 (USD Billion)
Table 15 North America TIC Market for Logistics and Supply Chain Industry Size, By Service Type, 2025 - 2030 (USD Billion)
Table 16 North America TIC Market for Logistics and Supply Chain Industry Size, By Industry Vertical,2018 - 2023 (USD Billion)
Table 17 North America TIC Market for Logistics and Supply Chain Industry Size, By Industry Vertical, 2025 - 2030 (USD Billion)
Table 18 North America TIC Market for Logistics and Supply Chain Industry Size, by Region,2018 - 2023 (USD Billion)
Table 19 North America TIC Market for Logistics and Supply Chain Industry Size, by Region, 2025 - 2030 (USD Billion)
Table 20 Europe TIC Market for Logistics and Supply Chain Industry Size, By Sourcing Type,2018 - 2023 (USD Billion)
Table 21 Europe TIC Market for Logistics and Supply Chain Industry Size, By Sourcing Type, 2025 - 2030 (USD Billion)
Table 22 Europe TIC Market for Logistics and Supply Chain Industry Size, By Service Type,2018 - 2023 (USD Billion)
Table 23 Europe TIC Market for Logistics and Supply Chain Industry Size, By Service Type, 2025 - 2030 (USD Billion)
Table 24 Europe TIC Market for Logistics and Supply Chain Industry Size, By Industry Vertical,2018 - 2023 (USD Billion)
Table 25 Europe TIC Market for Logistics and Supply Chain Industry Size, By Industry Vertical, 2025 - 2030 (USD Billion)
Table 26 Europe TIC Market for Logistics and Supply Chain Industry Size, by Region,2018 - 2023 (USD Billion)
Table 27 Europe TIC Market for Logistics and Supply Chain Industry Size, by Region, 2025 - 2030 (USD Billion)
Table 28 Asia-Pacific TIC Market for Logistics and Supply Chain Industry Size, By Sourcing Type,2018 - 2023 (USD Billion)
Table 29 Asia-Pacific TIC Market for Logistics and Supply Chain Industry Size, By Sourcing Type, 2025 - 2030 (USD Billion)
Table 30 Asia-Pacific TIC Market for Logistics and Supply Chain Industry Size, By Service Type,2018 - 2023 (USD Billion)
Table 31 Asia-Pacific TIC Market for Logistics and Supply Chain Industry Size, By Service Type, 2025 - 2030 (USD Billion)
Table 32 Asia-Pacific TIC Market for Logistics and Supply Chain Industry Size, By Industry Vertical,2018 - 2023 (USD Billion)
Table 33 Asia-Pacific TIC Market for Logistics and Supply Chain Industry Size, By Industry Vertical, 2025 - 2030 (USD Billion)
Table 34 Asia-Pacific TIC Market for Logistics and Supply Chain Industry Size, by Region,2018 - 2023 (USD Billion)
Table 35 Asia-Pacific TIC Market for Logistics and Supply Chain Industry Size, by Region, 2025 - 2030 (USD Billion)
Table 36 RoW TIC Market for Logistics and Supply Chain Industry Size, By Sourcing Type,2018 - 2023 (USD Billion)
Table 37 RoW TIC Market for Logistics and Supply Chain Industry Size, By Sourcing Type, 2025 - 2030 (USD Billion)
Table 38 RoW TIC Market for Logistics and Supply Chain Industry Size, By Service Type,2018 - 2023 (USD Billion)
Table 39 RoW TIC Market for Logistics and Supply Chain Industry Size, By Service Type, 2025 - 2030 (USD Billion)
Table 40 RoW TIC Market for Logistics and Supply Chain Industry Size, By Industry Vertical,2018 - 2023 (USD Billion)
Table 41 RoW TIC Market for Logistics and Supply Chain Industry Size, By Industry Vertical, 2025 - 2030 (USD Billion)
Table 42 RoW TIC Market for Logistics and Supply Chain Industry Size, by Region,2018 - 2023 (USD Billion)
Table 43 RoW TIC Market for Logistics and Supply Chain Industry Size, by Region, 2025 - 2030 (USD Billion)
Table 44 Snapshot – Intertek Group plc
Table 45 Snapshot – Bureau Veritas
Table 46 Snapshot – UL LLC
Table 47 Snapshot – SGS SA
Table 48 Snapshot – Eurofins Scientific
Table 49 Snapshot – TUV Rheinland
Table 50 Snapshot – TUV SUD
Table 51 Snapshot – DEKRA SE
Table 52 Snapshot – The British Standards Institute
Table 53 Snapshot – DNV GL
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 Global TIC Market for Logistics and Supply Chain Industry - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global TIC Market for Logistics and Supply Chain Industry Highlight
Figure 12 Global TIC Market for Logistics and Supply Chain Industry Size, By Sourcing Type, 2018 - 2030(USD Billion)
Figure 13 Global TIC Market for Logistics and Supply Chain Industry Size, By Service Type, 2018 - 2030(USD Billion)
Figure 14 Global TIC Market for Logistics and Supply Chain Industry Size, By Industry Vertical, 2018 - 2030(USD Billion)
Figure 15 Global TIC Market for Logistics and Supply Chain Industry Size, by Region, 2018 - 2030(USD Billion)
Figure 16 North America TIC Market for Logistics and Supply Chain Industry Highlight
Figure 17 North America TIC Market for Logistics and Supply Chain Industry Size, By Sourcing Type, 2018 - 2030(USD Billion)
Figure 18 North America TIC Market for Logistics and Supply Chain Industry Size, By Service Type, 2018 - 2030(USD Billion)
Figure 19 North America TIC Market for Logistics and Supply Chain Industry Size, By Industry Vertical, 2018 - 2030(USD Billion)
Figure 20 North America TIC Market for Logistics and Supply Chain Industry Size, by Region, 2018 - 2030(USD Billion)
Figure 21 Europe TIC Market for Logistics and Supply Chain Industry Highlight
Figure 22 Europe TIC Market for Logistics and Supply Chain Industry Size, By Sourcing Type, 2018 - 2030(USD Billion)
Figure 23 Europe TIC Market for Logistics and Supply Chain Industry Size, By Service Type, 2018 - 2030(USD Billion)
Figure 24 Europe TIC Market for Logistics and Supply Chain Industry Size, By Industry Vertical, 2018 - 2030(USD Billion)
Figure 25 Europe TIC Market for Logistics and Supply Chain Industry Size, by Region, 2018 - 2030(USD Billion)
Figure 26 Asia-Pacific TIC Market for Logistics and Supply Chain Industry Highlight
Figure 27 Asia-Pacific TIC Market for Logistics and Supply Chain Industry Size, By Sourcing Type, 2018 - 2030(USD Billion)
Figure 28 Asia-Pacific TIC Market for Logistics and Supply Chain Industry Size, By Service Type, 2018 - 2030(USD Billion)
Figure 29 Asia-Pacific TIC Market for Logistics and Supply Chain Industry Size, By Industry Vertical, 2018 - 2030(USD Billion)
Figure 30 Asia-Pacific TIC Market for Logistics and Supply Chain Industry Size, by Region, 2018 - 2030(USD Billion)
Figure 31 RoW TIC Market for Logistics and Supply Chain Industry Highlight
Figure 32 RoW TIC Market for Logistics and Supply Chain Industry Size, By Sourcing Type, 2018 - 2030(USD Billion)
Figure 33 RoW TIC Market for Logistics and Supply Chain Industry Size, By Service Type, 2018 - 2030(USD Billion)
Figure 34 RoW TIC Market for Logistics and Supply Chain Industry Size, By Industry Vertical, 2018 - 2030(USD Billion)
Figure 35 RoW TIC Market for Logistics and Supply Chain Industry Size, by Region, 2018 - 2030(USD Billion)
Global TIC Market for Logistics & Supply Chain Industry- Market Coverage
Sourcing Type Insight and Forecast 2025-2030
Service Type Insight and Forecast 2025-2030
Industry Vertical Insight and Forecast 2025-2030
Geographical Segmentation
TIC Market for Logistics & Supply Chain Industry by Region
North America
Europe
Asia-Pacific (APAC)
Rest of the World (RoW)
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