Press release
Global Testing Inspection And Certification Market Is Expected To Reach Usd 58.38 Billion By 2023
Testing Inspection and Certification (TIC) market
Global Testing Inspection and Certification (TIC) Market: Testing, Inspection and Certification (TIC) is a method of providing services to companies operating across various industrial verticals for the purpose of improving productivity, efficiency, and manufacturing process for manufacturers to meet with globally recognized standards, regulations, and policies set by governments to improve the quality of a product. Testing and inspection have increased the efficiency and productivity of various automotive organizations by reducing the cost and time for delivery, managing and controlling supply chain at each manufacturing stage, improving aftermarket sales and distribution, increasing the safety, and reducing the impact on environment and road safety.
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Key Players:
Some of the key players of Testing Inspection and Certification (TIC) Market are SGS group (Switzerland), Bureau Veritas SA (France), Dekra Certification GmbH (Germany), Intertek Group Plc (U.K), ALS Limited (Australia), ASTM International (U.S.), BSI Group (U.K), SAI Global Limited (Australia), Mistras Group (U.S.), and UL LLC etc.
Global Testing Inspection and Certification (TIC) Market Analysis & Forecast to 2023
• To provide detailed analysis of the market structure, along with forecast of the various segments and sub-segments of the (TIC) market
• To provide insights about factors affecting the Testing Inspection and Certification (TIC) Market growth
• To analyze the virtual reality market based on Porter’s five forces analysis
• To provide historical and forecast revenue of the Testing Inspection and Certification (TIC) Market segments and sub-segments, with respect to four main geographies and their countries- North America, Asia Pacific, Europe, and the Middle East and Africa
• To provide country level analysis of the market with respect to the current market size and future prospects
If you have another set of players/manufacturers according to geography or your needs regional or country segmented reports we can provide customization according to your requirement.
https://www.inforgrowth.com/customizationrequest/r/388729/global-testing-inspection-and-certification-ti
Key Findings
• The global testing Testing Inspection and Certification (TIC) Market is expected to reach USD 58.38 billion by 2023.
• By sourcing type, the market was dominated by in-house sourcing in 2017. The outsourcing type is expected to show the highest growth rate during the forecast period 2017 to 2023
• By service type, testing service has dominated the market at USD 21.63 billion in the year 2017. The certification service is expected to show the highest CAGR during the forecast period 2017 to 2023
• By end-user, automotive has dominated the market at USD 8.59 billion in the year 2017. The food & beverage end-user segment is expected to show the highest CAGR during the forecast period 2017 to 2023.
Regional and Country Analysis of Testing Inspection and Certification (TIC) Market Estimation and Forecast
The global Testing Inspection and Certification (TIC) Market by region was led by North America in 2016 at 35.66% of the market share. Large presence of electronics, software, defense and aviation industry, and advancements in medical equipment automation are supporting the market growth. Asia Pacific stands as the second biggest market with a market share of 31.34% and is considered to be the fastest growing region.
View Compete Report of Testing Inspection and Certification (TIC) Market with TOC and Market Players:
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