South East Asia Testing, Inspection & Certification Market - Forecast(2019 - 2024)

Report Code: ITR 0212 Report Format: PDF + Excel (Delivery in 48 Hrs)
South East Asia TIC Market Overview

Rise of the oil and gas, manufacturing, and automotive industries coupled with the increasing stringent environmental regulations will drive the South East Asia testing, inspection, and certification (TIC) market. The SEA TIC Market is estimated to grow at a CAGR of 4.76% during the forecast period 2018–2024. The Philippines is estimated to be the fastest growing market with a CAGR of 6.10% during the forecast period owing to the increase in production of computers and printers in the country. Increased trade deals with China for consumer electronics and semiconductor products and exports to the U.S. and Mexico through free trade agreements are the major boosters of export inspection services in the Philippines. Rising consumer electronics sales in recent years as well as the rising semiconductor production in the region is set to drive the market.

South East Asia TIC Market Outlook

Testing, inspection, and certification (TIC) enhance the manufacturing productivity, and aid manufacturers to align with or conformi to the product standards, and improve the quality of their products. According to IndustryARC findings, the Out- House segment is projected to be the major source segment of TIC during the forecast period. The growing demand for the cost savings offered by outhouse inspection services has resulted in the shift towards outhouse testing. The outsourcing segment is forecast to grow at a CAGR of 5.29% and is projected to reach $2261.7m by 2024 compared to $1568.7m in 2017. With rising disposable incomes, the use of consumer goods is expected to increase. This will lead to high demand for the testing of these goods, especially in countries such as Malaysia and Indonesia.

South East Asia TIC Market Growth Drivers 

The rise in the number of stringent regulations with regards to the product quality and the increased need to comply with safety standards have been promoting the demand for the testing, inspection and certification services, especially in the consumer goods industry. These standards serve as a guideline for manufacturers to use for the assurance of quality and safety. 

South East Asia TIC Market Challenges 

Apart from the macro economic factors, altering foreign exchange rate also affects the revenue of the TIC service providers in Southeast Asian countries. This in turn is expected to prolong the approval of the particular product. This is analyzed to pose as a challenge to TIC service providers operating in international and national logistics sectors. 



South East Asia TIC Market Research Scope

The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the TIC  market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. 

South East Asia TIC Market Report: Industry Coverage

Types of Testing, Inspection & Certification: In-House, Outsourcing, Others

Types of Services of TIC: Testing Services, Inspection Services, Certification Services

Types of Testing Services: External condition, internal condition 

Applications of TIC: Quality and Safety Services, Product Performance Evaluation, Certification and Valuation of Shipments, Production Evaluation, Valuation of imports with respect to standards, Industrial Inspections, Others

End Users of TIC: Agriculture, Automotive, Aerospace and Defense, Food, Consumer, Medicine & Life Science, Oil and Gas, System Compliance, Marine, Mining, Manufacturing, Chemicals, Energy and Power, Building & infrastructure, Industrial equipment, Retail, Rail, Logistics, Education, E-Commerce, Others

The South East Asia TIC market report also analyzes the major countries for the market. The countries covered in the study include:
  • South East Asia: Indonesia, Malaysia, Singapore, Philippines, Brunei, Thailand, Vietnam, East Timor, Laos, Myanmar, and Cambodia

South East Asia TIC Market Key Players Perspective
SGS, Bureau Veritas SA, and Intertek Group are analyzed to dominate the market with prominent revenue share of 18%, 13.30% and 6.60% respectively in 2017. TUV SUD held the fourth largest share of 2.60% followed by ALS Limited accounting for 2.30% of the South East Asia TIC market share during the same year.
Some of the other key players mentioned in this report are Simtek, DEKRA SE, TUV Süd, and TÜV Rheinland.

South East Asia TIC Market Trends

  • The Asian Free Trade Area, an agreement by the ASEAN countries, to support local manufacturing has boosted the manufacturing sectors of the ASEAN nations. This is expected to have a positive effect on the South East Asia TIC Market growth.
  • With the rising Greenfield FDIs, there has been a migration of manufacturing activities to the ASEAN nations which is propelling the South East Asia Testing, Inspection and Certification Market.
  • The growth of the food and beverage industry in South East Asia has led to the increasing use of testing, inspection and certification services. 
  • The imports from various developing countries are required to pass stringent tests in order to meet the international standards. Therefore, this factor will led to the increasing demand for TIC services from the manufacturers. 
1. South East Asia Testing, Inspection, & Certification Market – Overview
1.1. Definitions and Scope
2. South East Asia Testing, Inspection, & Certification Market – Executive Summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. South East Asia Testing, Inspection, & Certification Market – Comparative Analysis
3.1. Comparative Analysis 
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis
4. South East Asia Testing, Inspection, & Certification Market – Startup Companies Scenario
4.1. Top 10 startup company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Market Shares
4.1.4. Market Size and Application Analysis
4.1.5. Venture Capital and Funding Scenario
5. South East Asia Testing, Inspection, & Certification Market – Industry Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing business index
5.3. Case studies of successful ventures
5.4. Customer Analysis – Top 10 companies
6. South East Asia Testing, Inspection, & Certification Market – Market Forces
6.1. Drivers
6.2. Constraints
6.3. Challenges
6.4. Porters five force model
6.4.1. Bargaining power of suppliers
6.4.2. Bargaining powers of customers
6.4.3. Threat of new entrants
6.4.4. Rivalry among existing players
6.4.5. Threat of substitutes
7. South East Asia Testing, Inspection, & Certification Market – Strategic Analysis
7.1. Value chain analysis
7.2. Opportunities analysis
7.3. Product life cycle
7.4. Suppliers and distributors Market Share
8. South East Asia Testing, Inspection, & Certification Market – By Type (Market Size – $Million/$Billion)
8.1. Market Size and Market Share Analysis 
8.2. Application Revenue and Trend Research
8.3. Product Segment Analysis
8.3.1. In-House
8.3.2. Outsourcing
9. South East Asia Testing, Inspection, & Certification Market – By Type of Services (Market Size – $Million/$Billion)
9.1. Market Size and Market Share Analysis 
9.2. Application Revenue and Trend Research
9.3. Product Segment Analysis
9.3.1. Testing Services
9.3.2. Inspection Services
9.3.3. Certification Services
10. South East Asia Testing, Inspection, & Certification Market – By Testing Services (Market Size – $Million/$Billion)
10.1. Market Size and Market Share Analysis 
10.2. Application Revenue and Trend Research
10.3. Product Segment Analysis
10.3.1. External Condition 
10.3.1.1. Visual Testing
10.3.1.2. Magnetic Particle Testing
10.3.1.3. Eddy Current Testing
10.3.1.4. Penetrant Testing
10.3.2. Internal Condition
10.3.2.1. Ultrasonic Testing
10.3.2.2. Radiographic Testing
10.3.2.3. Leakage Testing
10.3.2.4. Others
11. South East Asia Testing, Inspection & Certification Market – By Application (Market Size –$Million/$Billion)
11.1. Segment type Size and Market Share Analysis 
11.2. Application Revenue and Trends by type of Application
11.3. Application Segment Analysis by Type
11.3.1. Quality and Safety Services
11.3.2. Product Performance Evaluation
11.3.3. Certification and Valuation of Shipments
11.3.4. Production Evaluation
11.3.5. Valuation of imports with respect to standards
11.3.6. Industrial Inspections
11.3.6.1. Maintenance Turnarounds
11.3.6.2. System Certification
11.3.6.3. Supplier Evaluation
11.3.6.4. Laboratory Outsourcing
11.3.6.5. Others
11.3.7. Others 
12. South East Asia Testing, Inspection, & Certification Market – By End User (Market Size –$Million/$Billion)
12.1. Segment type Size and Market Share Analysis 
12.2. End User Revenue and Trends 
12.3. End User Segment Analysis 
12.3.1. Agriculture 
12.3.2. Automotive 
12.3.3. Aerospace and Defense 
12.3.4. Food 
12.3.5. Consumer 
12.3.6. Medicine & Life Science 
12.3.7. Oil and Gas 
12.3.8. System Compliance
12.3.9. Marine 
12.3.10. Mining 
12.3.11. Manufacturing 
12.3.12. Chemicals 
12.3.13. Energy and Power 
12.3.14. Building & infrastructure 
12.3.15. Industrial equipment 
12.3.16. Retail 
12.3.17. Rail 
12.3.18. Logistics 
12.3.19. Education 
12.3.20. E-Commerce 
12.3.21. Others
13. South East Asia Testing, Inspection, & Certification Market – By Geography (Market Size –$Million/$Billion)
13.1. South East Asia Testing, Inspection, & Certification Market 
13.2. South East Asia Testing, Inspection, & Certification Market Research ($Million/$Billion)
13.2.1. Segment type Size and Market Size Analysis 
13.2.2. Revenue and Trends
13.2.3. Application Revenue and Trends by type of Application
13.2.4. Company Revenue and Product Analysis
13.2.5. South East Asia Segment – Product type and Application Market Size
13.2.5.1. Indonesia 
13.2.5.2. Malaysia 
13.2.5.3. Singapore 
13.2.5.4. Philippines 
13.2.5.5. Brunei 
13.2.5.6. Thailand 
13.2.5.7. Vietnam 
13.2.5.8. East Timor 
13.2.5.9. Laos 
13.2.5.10. Myanmar 
13.2.5.11. Cambodia
14. South East Asia Testing, Inspection, & Certification Market – Market Entropy
14.1. New Product Launches
14.2. M&As, Collaborations, JVs, and Partnerships
15. South East Asia Testing, Inspection, & Certification Market – Industry/Segment Competition Landscape
15.1. Market Share Analysis
15.1.1. Market Share by Country – Top companies
15.1.2. Market Share by Region – Top 10 companies
15.1.3. Market Share by type of Application – Top 10 companies
15.1.4. Market Share by type of Product / Product category – Top 10 companies
15.1.5. Market Share at global level- Top 10 companies
15.1.6. Best Practices for companies
16. South East Asia Testing, Inspection, & Certification Market – Key Company List by Country Premium
17. South East Asia Testing, Inspection, & Certification Market – Company Analysis
17.1. Market Share, Company Revenue, Products, M&As, Developments
17.2. Simtek
17.3. DEKRA SE
17.4. TUV Süd
17.5. TÜV Rheinland
17.6. Company 5
17.7. Company 6
17.8. Company 7
17.9. Company 8
17.10. Company 9
17.11. Company 10 and more
"*Financials of private companies would be provided on a best-efforts basis "
18. South East Asia Testing, Inspection, & Certification Market – Appendix
18.1. Abbreviations
18.2. Sources
19. South East Asia Testing, Inspection, & Certification Market – Research Methodology
19.1. Research Methodology
19.1.1. Company Expert Interviews
19.1.2. Industry Databases
19.1.3. Associations
19.1.4. Company News
19.1.5. Company Annual Reports
19.1.6. Application Trends
19.1.7. New Products and Product database
19.1.8. Company Transcripts
19.1.9. R&D Trends
19.1.10. Key Opinion Leaders Interviews
19.1.11. Supply and Demand Trends