Textile Testing, Inspection & Certification (TIC) Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 7.50 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
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*Disclaimer: Major Players sorted in no particular order |
Textile Testing, Inspection & Certification (TIC) Market Analysis
The Global Textile Testing, Inspection, and Certification (TIC) Market is expected to grow at a CAGR of more than 7.5% during the forecast period (2022 -2027). The COVID-19 pandemic has disrupted the TIC market significantly. COVID-19 has reduced manufacturing and production activities in several regions due to the implementation of lockdowns by many national governments.
The textile TIC market is expected to be driven by the introduction of new regulations and standards in the textile sector, technological innovations in the textile sector, and an increase in the worldwide trading of textiles. The textile industry is majorly being driven by the rising production of textiles and increasing trading of textile products. The global textile market size was valued at USD 993.6 billion in 2021, the U.S. is anticipated to be the largest market in the North American region for textiles. It is one of the largest producers, raw cotton exporters, and top raw textile importers. Fashion is the largest application segment in the region owing to the fast-changing fashion trends due to the increasing number of online fast fashion companies.
Automated systems, drones and integrated sensors are some of the technologies that have started to replace physical inspection, which is labor-intensive and prone to human error. TIC players value these new technologies, as they allow higher efficiency. However, they also create opportunities for new entrants. Finally, the rise of blockchain technology is full of promise for TIC players, some of which have started to investigate its specific applications. One of the main advantages of blockchain is the distributed storage of information and transaction records, thus making it immune to undetected manipulation and keeping it safe from information tampering.
Textile Testing, Inspection & Certification (TIC) Market Trends
This section covers the major market trends shaping the Textile Testing, Inspection & Certification (TIC) Market according to our research experts:
Trade of Textile Products Driving the Market
The production and trading of textiles require testing, inspection, and certification services to ensure that they conform to quality-related standards, which also helps them gain recognition worldwide. The global textile industry growth continues to be driven by the world's largest textile producing countries and the top textile exporters in 2020, mainly owing to their rising production and sales of materials such as cotton, yarn, fiber, and other finished products or apparel. While China remains the world's largest textile producer and exporter, other major textile markets such as the EU, India, and the US, are also showing an impressive annual growth rate over the last few years. It is expected that the global textile industry will grow proportionally with the fast-changing fashion market around the world, meaning that the world's largest textile producing countries and top textile exporters are still full of opportunities to flourish further over the near future.
China is currently the world's largest textile producer and exporter of both raw textiles and garments, accounting for over half of the global textile output every year. The United States is the leading producer and exporter of raw cotton, while also being the top importer of raw textiles and garments. India is another one of the world's largest textiles producing countries and largest textile exporters. It holds an export value of more than USD 30 billion a year. India is responsible for more than 6.9% of the world's total textile production and its textile industry valued at approximately USD 150 billion. Bangladesh has emerged as a prominent competitor in the textile and apparel industry. Low labour cost and a massive workforce have enabled Bangladesh to become the third-largest exporter of textiles and apparel in the world. Bangladesh has an export value of USD 38.73 billion as calculated in 2020. Interestingly, the country is the 2nd largest textile exporter of western fast fashion brands and excels in bulk order.
Growth of E-commerce:
Quality is important for successful e-commerce sellers. Pre-shipment product inspections (PSI) is a critical step that a responsible e-commerce seller needs to undertake before shipment to avoid compromising on quality. Pre-shipment inspections are also a requirement for many countries. The global e-commerce market reached a value of USD 13 Trillion in 2021. Rapid urbanization across the globe is one of the key factors driving the growth of the market. The spread of the coronavirus disease (COVID-19) has provided a further push to e-commerce activities as customers shift toward online platforms for ordering essential items amid lockdown and social distancing measures.
Asia-Pacific remains the largest market for retail eCommerce with digital sales amounting to nearly USD 2.992 trillion in 2021. Latin America saw USD 85 billion in e-commerce sales in 2021, up 25% from USD 68 billion in 2020. The Indian e-commerce market is expected to grow to USD 111.4 billion by 2025, up from USD 46.2 billion in 2020. Russia, the UK, and the Philippines saw more than 20% ecommerce sales growth in 2021. China continues to lead the global ecommerce market, accounting for 52.1% of all retail ecommerce sales worldwide, with total online sales just over the USD 2 trillion mark in 2021. It also has the world's most digital buyers, USD 824.5 million, representing 38.5% of the global total.
Textile Testing, Inspection & Certification (TIC) Industry Overview
The Global Textile Testing, Inspection and Certification (TIC) Market is fragmented. SGS Group, Bureau Veritas SA, Intertek Group Plc, TUV SUD Group, TUV Rheinland Group are among the major players in the market. These companies are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. However, with technological advancements and product innovations, mid-size to smaller companies increase their market presence by securing new contracts and tapping new markets.
Textile Testing, Inspection & Certification (TIC) Market Leaders
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SGS Group
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Bureau Veritas SA
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Intertek Group Plc
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TUV SUD Group
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TUV Rheinland Group
*Disclaimer: Major Players sorted in no particular order
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Textile Testing, Inspection & Certification (TIC) Market News
Jan 2022: Switzerland-based testing and certification group SGS announced a partnership with Microsoft to develop a new digital TIC service. This collaboration will leverage Microsoft's cross-industry expertise, advanced data solutions and productivity platforms, integrated with SGS's global service network and leading industry capabilities to develop innovative solutions for customers in the Testing, Inspection and Certification (TIC) industry .
Mar 2022: German inspection company TUV Rheinland and The BHive digital chemical management platform have linked up in a bid to provide a seamless approach to chemical testing and management for the textile and fashion industry. The two companies say their strategic partnership will offer a holistic service portfolio to new and existing customers wanting to accelerate the phasing out of hazardous chemicals from textile production.
Textile Testing, Inspection & Certification (TIC) Market Report - Table of Contents
1. Introduction
1.1 Study Assumptions
1.2 Scope of the Study
2. Research Methodology
3. Executive Summary
4. Market Insights
4.1 Market Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Government Regulations and Initiatives
4.4 Supply Chain/Value Chain Analysis
4.5 Porter's Five Forces Analysis
4.6 Technology Snapshot and Digital Trends
4.7 Impact of COVID-19 on the Market
5. Market Segmentation
5.1 By Application
5.1.1 Textile Testing
5.1.2 Textile Inspection
5.1.3 Textile Certification
5.2 By Geography
5.2.1 North America
5.2.2 Asia-Pacific
5.2.3 Europe
5.2.4 Latin America
5.2.5 Middle East & Africa
6. Competitive Landscape
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 SGS Group
6.2.2 Bureau Veritas SA
6.2.3 Intertek Group Plc
6.2.4 TUV SUD Group
6.2.5 TUV Rheinland Group
6.2.6 AsiaInspection Ltd
6.2.7 British Standards Institution Group
6.2.8 Keller-Frei Zurich
6.2.9 Centre Testing International (CTI)
6.2.10 Hohenstein Institute
6.2.11 SAI Global Ltd
6.2.12 TESTEX AG
6.2.13 Eurofins Scientific*
- *List Not Exhaustive
7. Market Opportunities and Future Trends
8. Appendix
Textile Testing, Inspection & Certification (TIC) Industry Segmentation
To assure the quality and safety of textiles, textile testing, inspection, and certification (TIC) is carried out. Textiles are required to comply with national and international performance standards. Textile testing is used to determine the quality of raw materials, oversee production, and test the finished product. Labelling and packaging are checked, raw materials are examined, and partially completed goods are inspected during textile inspection. Textile certifications attest to the fact that producers adhered to quality, safety, and performance criteria during the manufacturing process. A complete assessment of the Global Textile Testing, Inspection and Certification (TIC) Market includes an assessment of the economy market overview, market size estimation for key segments, and emerging trends in the market segments in the report. The report sheds a light on the market trends like growth factors, restraints, and opportunities in this sector. The competitive landscape of the Global Textile Testing, Inspection and Certification (TIC) Market is depicted through the profiles of active key players. The report also covers the impact of COVID - 19 on the market and the future projections.
The Global Textile Testing, Inspection and Certification (TIC) Market is segmented By Application (Textile Testing, Textile Inspection, Textile Certification), By Geography (North America, Asia-Pacific, Europe, Latin America, Middle East & Africa). For each segment, the market sizing and forecasts have been done on the basis of value (USD billion).
| By Application | |
| Textile Testing | |
| Textile Inspection | |
| Textile Certification |
| By Geography | |
| North America | |
| Asia-Pacific | |
| Europe | |
| Latin America | |
| Middle East & Africa |
Textile Testing, Inspection & Certification (TIC) Market Research FAQs
What is the current Global Textile Testing, Inspection and Certification (TIC) Market size?
The Global Textile Testing, Inspection and Certification (TIC) Market is projected to register a CAGR of greater than 7.5% during the forecast period (2024-2029)
Who are the key players in Global Textile Testing, Inspection and Certification (TIC) Market?
SGS Group, Bureau Veritas SA, Intertek Group Plc, TUV SUD Group and TUV Rheinland Group are the major companies operating in the Global Textile Testing, Inspection and Certification (TIC) Market.
Which is the fastest growing region in Global Textile Testing, Inspection and Certification (TIC) Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Textile Testing, Inspection and Certification (TIC) Market?
In 2024, the Asia-Pacific accounts for the largest market share in Global Textile Testing, Inspection and Certification (TIC) Market.
What years does this Global Textile Testing, Inspection and Certification (TIC) Market cover?
The report covers the Global Textile Testing, Inspection and Certification (TIC) Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Textile Testing, Inspection and Certification (TIC) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Textile Testing, Inspection & Certification Industry Report
Statistics for the 2024 Textile Testing, Inspection & Certification market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Textile Testing, Inspection & Certification analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
