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Global Testing, Inspection and Certification Market Insights & Growth Trends Forecasted during 2017 - 2025
MRRSE
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The global testing, inspection and certification market is experiencing growth owing to the factors such as increased outsourcing of testing, inspection & certification services and diversified requirement of products and standard regulations. Regulations pertaining to quality, health and environment safety have become stringent in the recent past which is driving the demand for these services. Apart from this, end-user demand seeking third party assurance and improved risk awareness and focus on risk prevention are also the major factor which are expected to boost the demand for testing, inspection and certification services across the globe.
Furthermore, increasing trade between countries as a result of globalization has also impacted the growth of this market positively. Considering these positive factors, the demand for testing, inspection, and certification services is set to rise during the forecast period from 2017 - 2025. The global testing, inspection and certification market was valued at US$184,545.5 mn in 2016 and is anticipated to expand at a CAGR of 5.8 % from 2017 to 2025.
Global Testing, Inspection and Certification Market: Trends and Opportunities
The market overview section of the report showcases the market dynamics and trends such as the drivers, restraints and opportunities that influence the current nature and future status of this market. The report also provides ecosystem analysis and key market indicators for the Testing, Inspection and Certification market. The Testing, Inspection and Certification market data estimates are the result of our in-depth secondary research, primary interviews and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological and legal factors along with the current market dynamics affecting the market growth.
Browse Full Report with Table of Content, List of Table and Figures – https://www.mrrse.com/testing-inspection-certification-market
Global Testing, Inspection and Certification Market: Segmentation
The global testing, inspection and certification market is bifurcated by service type, sourcing type and industry. By type, the market is categorized into testing & inspection and certification. Among these, testing & inspection is the major segment which is expected to fuel the growth of this market over the forecast period. Based on sourcing type, the market is segmented into in-house sourcing and outsourcing. Furthermore, the industry segment is categorized into infrastructure & construction, transformational & contract manufacturing, food & beverages, agriculture & forest, information technologies, chemical, healthcare & pharmaceutical, transportation & logistics, travel & tourism, energy & utilities, water & wastewater management, government, education, textile, cosmetics and others. Among these, infrastructure & construction and energy & utilities are the key segment which are expected to enhance the growth of the market around the globe. The energy & utilities sector was the largest contributor in the testing, inspection, and certification market in 2015 and is expected to retain its position throughout the forecast period.
Global Testing, Inspection and Certification Market: Competitive Dynamics
The report also includes competitive profiling of the key players associated with the Testing, Inspection and Certification around the globe. The important business strategies adopted by them, their market positioning, financials, SWOT analysis and recent developments have also been identified in the research report. The competitive landscape section of the report also gives an overview about the major contributing regions/countries by these key players in order to strengthen their market position in the future.
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Some of the major players in global Testing, Inspection and Certification market are Intertek Group PLC, Bureau Veritas SA, SGS Group, ASTM International, ALS Ltd., TUV SUD AG, DNV GL Group AS, AsureQuality Ltd., Underwriters Laboratories Inc, Dekra SE, Lloyd's Register Group Limited, and TÜV Rheinland Group. Details such as financials, business strategies, SWOT analysis, recent developments, and other such strategic information pertaining to these players has been duly provided as part of company profiling.
Market Segmentation:
Testing, Inspection and Certification Market, by Service Type
Testing and Inspection
Certification
Testing, Inspection and Certification Market, by Sourcing Type
In-house Sourcing
Outsourcing
Testing, Inspection and Certification Market, by Industry
Infrastructure & Construction
Transformational & Contract Manufacturing
Food & Beverages
Agriculture & Forest
Information Technologies
Chemical
Healthcare & Pharmaceutical
Transportation &Logistics
Travel & Tourism
Energy & Utilities
Water & Wastewater Management
Government
Education
Textile
Cosmetics
Others
In addition, the report provides analysis of the Testing, Inspection and Certification Market with respect to the following geographic segments:
North America
The U.S.
Canada
Rest of North America
Europe
Spain
Italy
Portugal
Poland
The U.K.
Rest of Europe
Asia Pacific (APAC)
India
China
Japan
Rest of APAC
Middle East and Africa (MEA)
Algeria
Saudi Arabia
Morocco
Egypt
Rest of MEA
South America
Brazil
Chile
Ecuador
Peru
Colombia
Rest of South America
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