Chile Testing, Inspection, And Certification Market Size & Outlook
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Chile testing, inspection, and certification market highlights
- The Chile testing, inspection, and certification market generated a revenue of USD 3,299.0 million in 2024 and is expected to reach USD 4,055.8 million by 2030.
- The Chile market is expected to grow at a CAGR of 3.3% from 2025 to 2030.
- In terms of segment, testing was the largest revenue generating service in 2024.
- Certification is the most lucrative service segment registering the fastest growth during the forecast period.
Testing, inspection, and certification market data book summary
| Market revenue in 2024 | USD 3,299.0 million |
| Market revenue in 2030 | USD 4,055.8 million |
| Growth rate | 3.3% (CAGR from 2025 to 2030) |
| Largest segment | Testing |
| Fastest growing segment | Certification |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Testing, Inspection, Certification |
| Key market players worldwide | ALS Ltd, Applus Services SA, Bureau Veritas SA, DEKRA Certification, Element Materials Technology, Eurofins Scientific SE, Intertek Group PLC, MISTRAS Group Inc, SGS AG |
Other key industry trends
- In terms of revenue, Chile accounted for 0.8% of the global testing, inspection, and certification market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil testing, inspection, and certification market is projected to lead the regional market in terms of revenue in 2030.
- Peru is the fastest growing regional market in Latin America and is projected to reach USD 3,760.0 million by 2030.
Testing was the largest segment with a revenue share of 79.95% in 2024. Horizon Databook has segmented the Chile testing, inspection, and certification market based on testing, inspection, certification covering the revenue growth of each sub-segment from 2018 to 2030.
The TIC market in Chile is experiencing growth driven by several key factors across various sectors such as, sector-specific developments, a heightened focus on quality and safety, and the necessity for compliance with both national and international standards.
The automotive sector in Chile is evolving, necessitating rigorous testing, inspection, and certification to meet safety and environmental standards. This includes services related to vehicle inspection, homologation testing, and evaluation of electrical systems and components.
Chile's construction sector is expanding, leading to a heightened need for TIC services to ensure structural integrity, safety, and compliance with building regulations. This demand is driven by both new construction projects and the maintenance of existing infrastructure.
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Testing, Inspection, And Certification Market Scope
Testing, Inspection, And Certification Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| DEKRA Certification | View profile | 1001-5000 | Arnhem, Gelderland, The Netherlands, Europe | https://www.dekra-certification.fr/ |
| MISTRAS Group Inc | View profile | 4800 | 195 Clarksville Road, Princeton Junction, NJ, United States, 08550 | https://www.mistrasgroup.com |
| Element Materials Technology | View profile | 5001-10000 | Aberdeen, Aberdeen City, United Kingdom, Europe | https://www.element.com |
| Applus Services SA | View profile | 26770 | Calle Campezo 1,, Parque Empresarial Las Mercedes, Edificio 3, Madrid, Spain, 28022 | https://www.applus.com |
| ALS Ltd | View profile | 19085 | 299 Coronation Drive, Level 2, Milton, Brisbane, QLD, Australia, 4064 | https://www.alsglobal.com |
| Bureau Veritas SA | View profile | 81511 | 40/52 Boulevard du Parc, Immeuble Newtime, Neuilly-sur-Seine, France, 92200 | https://group.bureauveritas.com |
| Intertek Group PLC | View profile | 44000 | 33 Cavendish Square, London, United Kingdom, W1G 0PS | https://www.intertek.com |
| SGS AG | View profile | 103193 | 1 Place des Alpes, P.O. Box 2152, Geneva, Switzerland, CH-1211 | https://www.sgs.com |
| Eurofins Scientific SE | View profile | 61798 | 23 Val Fleuri, Luxembourg, Luxembourg, L-1526 | https://www.eurofins.com |
Chile testing, inspection, and certification market size, by service, 2018-2030 (US$M)
Chile Testing, Inspection, And Certification Market Outlook Share, 2024 & 2030 (US$M)
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