The Testing, Inspection and Certification market is expected to exceed more than US$ 285 Billion by 2024; Growing at a CAGR of more than 5.6% in the given forecast period.
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The testing, inspection and certification market is segmented on the lines of its application and regional. Based on application segmentation the testing, inspection and certification market covers textile, automation, automotive, food and beverage, aerospace, oil and gas and others.
The scope of the report includes a detailed study of global and regional markets for Testing, Inspection and Certification (T.I.C.) Market for variations in the growth of the industry in certain regions.
The main function of testing, inspection, and certification companies is to guarantee the maintenance of safety, health and quality requirements of their consumer’s products. Testing, inspection, and certification companies are engaged in testing, verification, inspection and certification services in which the main function is to help enhance the efficiency and also facilitate local manufactures to comply with the global principles. Rising awareness among global consumers regarding the qualitative assurance provided by international quality and safety standards is key to the rising prominence of testing, inspection, and certification services across a number of industries. Increasing attentiveness among global consumers about the qualitative guarantee provided by global quality and safety values is key to the increasing importance of testing, inspection, and certification services across a number of industries.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Bureau Veritas SA, Intertek Group PLC, SGS Group, ALS Ltd., ASTM International, AsureQuality Ltd., Dekra SE, Underwriters Laboratories Inc, Lloyd’s Register Group Limited, DNV GL, TUV SUD AG and TÜV Rheinland Group. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The major driving factors of testing, inspection and certification market are as follows:
Rising focus on outsourcing
The restraining factors of testing, inspection and certification market are as follows:
Need internationally accepted principles
This report provides:
1) An overview of the global market for testing, inspection and certification and related technologies.
2) Analyses of global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2024.
3) Identifications of new market opportunities and targeted promotional plans for testing, inspection and certification.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
The Testing, Inspection and Certification Market has been segmented as below:
The Testing, Inspection and Certification Market is segmented on the Basis of Application Analysis and Regional Analysis. By Application Analysis this market is segmented on the basis of Textile sector, Automation sector, Automotive sector, Food and beverage sector, Aerospace sector, Oil and gas sector and others.
By Regional Analysis this market is segmented on the basis of North America, Europe, Asia-Pacific and Rest of the World.
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Table of Contents
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.2 Market Segmentation
5.2.1 TIC Market, By Type
5.2.2 TIC Market, By Sourcing Activity
5.2.3 TIC Market, By End-User Industry
5.2.4 TIC Market, By Region
5.3 Market Dynamics
126.96.36.199 Increasing Number of New Regulations & Standards in Certain End-User Industries
188.8.131.52 Growing Trend of Outsourcing TIC Services to Third-Party Service Providers
184.108.40.206 Formulation of Stringent Regulations and Standards to Ensure the Quality and Safety of Products
220.127.116.11 Increasing Product Diversification in Several Industries
18.104.22.168 Global Trading of Products and Growth of Distributed Manufacturing
22.214.171.124 Varying Regulations and Standards Across Regions
126.96.36.199 Growing Demand for TIC Services in Emerging Markets
188.8.131.52 Long Lead Time for Overseas Qualification Tests
6 Industry Trends
7 TIC Market, By Type
8 TIC Market, By Sourcing Activity
9 TIC Market, By End-User Industry
10 Geographic Analysis
11 Competitive Landscape
12 Company Profile
12.2 SGS Group
12.3 Bureau Veritas S.A.
12.4 Intertek Group PLC
12.5 TUV SUD Group
12.6 Dekra Certification GmbH
12.7 ALS Limited
12.8 ASTM International
12.9 BSI Group
12.10 Exova Group PLC
12.11 TUV Rheinland A.G.
12.12 TUV Nord Group
12.13 SAI Global Limited
12.14 Eurofins Scientific
12.15 Mistras Group, Inc.
12.16 UL LLC
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