How big is the Europe TIC Market?

The Europe TIC Market size is expected to reach USD 63.29 billion in 2024 and grow at a CAGR of 6.10% to reach USD 85.09 billion by 2029. Read More

What is the current Europe TIC Market size?

In 2024, the Europe TIC Market size is expected to reach USD 63.29 billion. Read More

What years does this Europe TIC Market cover, and what was the market size in 2023?

In 2023, the Europe TIC Market size was estimated at USD 59.43 billion. The report covers the Europe TIC Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe TIC Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Europe TIC Market - Size, Share & Industry Trends

Europe TIC Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Europe Electrical & Electronics Testing, Inspection and Certification Market is Segmented by Sourcing Type (Outsourced, In-house/Government), End-User Vertical (Consumer Goods and Retail, Automotive, Food and Agriculture, Manufacturing, Heavy Equipment and Machinery, Energy and Utilities, Oil & Gas and Chemicals, Construction, Aerospace & Defense and Rail, Life Sciences, Marine & Mining), and Country. The Market Sizes and Forecasts are in Terms of Value (USD) for all the Above Segments.

Europe TIC Industry Overview

The European TIC market is highly fragmented, with the presence of major players like Société Générale de Surveillance SA (SGS SA), TÜV SÜD Limited, Applus Services SA, Bureau Veritas SA, and Intertek Group PLC. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

June 2023 - Applus+, one of the global leaders in the testing, inspection, and certification (TIC) sector, announced the acquisition of Rescoll, a leading materials testing and R&D technological partner based in France.
November 2022- SGS acquired Bucharest-based Industry Laboratory, further improving its range of testing services for the Romanian food market. The lab offers a broad range of microbiological research services, from the enumeration of indicator organisms to detecting foodborne pathogens.