Latin America Testing, Inspection, And Certification Market Size & Outlook
Latin America testing, inspection, and certification market, 2018-2030 (US$M)
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Latin America testing, inspection, and certification market highlights
- The Latin America testing, inspection, and certification market generated a revenue of USD 33,015.1 million in 2024.
- The market is expected to grow at a CAGR of 4% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 33,015.1 million |
| Market revenue in 2030 | USD 42,247.8 million |
| Growth rate | 4% (CAGR from 2025 to 2030) |
| Largest segment | Testing |
| Fastest growing segment | Certification |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 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, Latin America region accounted for 8.3% of the global testing, inspection, and certification market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 178,615.5 million by 2030.
Testing was the largest segment with a revenue share of 80.42% in 2024. Horizon Databook has segmented the Latin America testing, inspection, and certification market based on testing, inspection, certification covering the revenue growth of each sub-segment from 2018 to 2030.
Various Latin America countries, such as Brazil, Mexico, Argentina, and Chile, are increasingly implementing strict regulatory standards for product safety, environmental compliance, and quality assurance. Harmonization with international trade agreements and the requirements of export markets is driving companies to comply with third-party certifications and audits.
The increase in global trade agreements involving Latin America, such as the U.S.-Mexico-Canada Agreement (USMCA) and trade relationships with the EU and Asia, has boosted demand for TIC services. Export oriented industries, including automotive, agriculture, mining, and manufacturing, need international certifications to meet global quality and safety standards.
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Testing, Inspection, And Certification Market Scope
Testing, Inspection, And Certification Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America testing, inspection, and certification market size, by country, 2017-2030 (US$M)
Latin America Testing, Inspection, And Certification Market Outlook Share, 2024 & 2030 (US$M)
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