Market revenue in 2024 | USD 16,978.2 million |
Market revenue in 2030 | USD 23,457.5 million |
Growth rate | 5.4% (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 |
Testing was the largest segment with a revenue share of 81.47% in 2024. Horizon Databook has segmented the India testing, inspection, and certification market based on testing, inspection, certification covering the revenue growth of each sub-segment from 2018 to 2030.
Indian regulatory bodies such as the Bureau of Indian Standards (BIS) and Food Safety and Standards Authority of India (FSSAI) are enforcing stricter compliance norms across various industries such as, food, electronics, and healthcare.
The push for large-scale infrastructure development under initiatives like "Make in India" and "Smart Cities Mission" is driving demand for construction material testing and inspection. India's growing pharma industry, including APIs and generic drugs, requires rigorous TIC processes to meet domestic and global health standards.
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