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Testing, Inspection and Certification (TIC) Market Is Expected To Reach USD 117.25 Billion At a CAGR of +4% By 2024 | Top Key Players: SGS Group, Bureau Veritas, Dekra Certification, Intertek, TUV SUD, Eurofins Scientific, DNV

Global Testing, Inspection and Certification (TIC) Market Trends & Forecast to 2024 - Industry Analysis by Geographical Regions, Type and Application

Testing, Inspection, and Certification (TIC) –

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 product quality and safety.

Market Overview –

Research Reports Inc. published a new ‘ Testing, Inspection and Certification (TIC) Market 2019’ Report. The Testing, Inspection, and Certification (TIC) market will record a healthy CAGR of 4.6% in terms of revenue & expected to reach 117.25 billion by 2024. The report covers regions like Asia-Pacific, North America, Europe, South America, and Middle East & Africa. 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.

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Top Key Players Covered In This Report:

  1. SGS Group
  2. Bureau Veritas
  3. Dekra Certification
  4. Intertek
  5. TUV SUD
  6. Eurofins Scientific
  7. DNV
  8. TUV Rheinland
  9. UL LLC
  10. ALS Limited
  11. TUV Nord Group
  12. Mistras Group
  13. SAI Global
  14. BSI Group
  15. Exova Group

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. This study considers the Testing, Inspection and Certification (TIC) value generated from the sales of the following segments:

Segmentation By Product Type:

  • In-House
  • Outsourced

Segmentation By Application:

  • Consumer Product
  • Commodities
  • Industry
  • LFE
  • Other

This report also splits the market by region: Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East & Africa, Egypt, South Africa, Israel, Turkey & others.

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Table of Contents

Chapter 1: Scope of the Report

Chapter 2: Executive Summary

Chapter 3: Global Testing, Inspection and Certification (TIC) by Players

Chapter 4: Testing, Inspection and Certification (TIC) by Regions

Chapter 5: Americas

Chapter 6: APAC

Chapter 7: Europe

Chapter 8: Middle East & Africa

Chapter 9: Market Drivers, Challenges and Trends

Chapter 10: Marketing, Distributors, and Customer

Chapter 11: Global Testing, Inspection and Certification (TIC) Market Forecast

Chapter 12: Key Players Analysis

Summary:

The report gathers the essential information including the new strategies for growth of the industry and the potential players of the global Testing, Inspection, and Certification (TIC) Market. It enrolls the major industry player imperious the global Testing, Inspection, and Certification (TIC) Market along with their contribution to the global market.

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