Companies provide inspection, verification, testing and certification services and related support functions such as auditing, consulting and training. The purpose of these services is to increase productivity, help local manufacturers meet global standards, manage risk, and improve the quality, safety and compliance of a company’s products and services.
The primary role of testing, inspection, and certification is to ensure the maintenance of the health, safety, and quality requirements products. Testing, inspection, and certification companies are engaged in inspection, verification, testing and certification services to help increase productivity and also help local manufacturers comply with the global standards.
Governments have formulated stringent regulations and standards to ensure the quality and safety of products and there is increasing awareness among consumers regarding the quality of consumer goods. These products have become essential in everyday life and are manufactured keeping in mind the regulations specified by government bodies to guarantee product safety. The increasing demand for consumer goods leads to a greater requirement of testing, inspection, and certification services to ensure the product quality and safety.
Europe is the largest regions of Testing, Inspection and Certification, with revenue market share about 38.51% in 2017, North America following Europe, takes revenue market share of 27.38%. Asia-Pacific is an important market of Testing, Inspection and Certification, accounting for 22% revenue market share.
In 2018, the global Testing, Inspection and Certification(TIC) market size was 95880 million US$ and it is expected to reach 129610 million US$ by the end of 2025, with a CAGR of 4.4% during 2019-2025.
This report focuses on the global Testing, Inspection and Certification(TIC) status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Testing, Inspection and Certification(TIC) development in United States, Europe and China.
The key players covered in this study
SGS Group
Bureau Veritas
Dekra Certification
Intertek
TUV SUD
Eurofins Scientific
DNV
TUV Rheinland
UL LLC
ALS Limited
TUV Nord Group
Mistras Group
SAI Global
BSI Group
Exova Group
Market segment by Type, the product can be split into
In-House
Outsourced
Market segment by Application, split into
Consumer Product
Commodities
Industry
LFE
Other
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Testing, Inspection and Certification(TIC) status, future forecast, growth opportunity, key market and key players.
To present the Testing, Inspection and Certification(TIC) development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Testing, Inspection and Certification(TIC) are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Testing, Inspection and Certification(TIC) . Industry analysis & Market Report on Testing, Inspection and Certification(TIC) is a syndicated market report, published as Global Testing, Inspection and Certification(TIC) Market Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of Testing, Inspection and Certification(TIC) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.