What is the Future of Testing, Inspection, and Certification (TIC) Market?
Global testing, inspection, and certification (TIC) market was valued at US$ 182,933.6 Mn in 2018, and is expected to exhibit a CAGR of 5.9% over the forecast period to reach US$ 310,003.6 Mn in 2027. Europe accounted for 37.1% revenue share in the global testing, inspection, and certification market in 2018.๐๐ค๐ง ๐๐ฃ ๐๐๐ฅ๐ฉ๐ ๐๐ฃ๐๐ค๐ง๐ข๐๐ฉ๐๐ค๐ฃ ๐๐๐ฉ ๐๐๐ข๐ฅ๐ก๐ ๐พ๐ค๐ฅ๐ฎ ๐ค๐ ๐ฉ๐๐๐จ ๐๐๐ฅ๐ค๐ง๐ฉ @
https://www.coherentmarketinsights.com/insight/request-pdf/2821
Asia Pacific is expected to account for a significant market share in the near future, particularly in China and India. Asia Pacific TIC market growth is driven by increasing environmental and food safety violations in the region, which have led government agencies to implement policies that will ensure consumer safety and limit the amount of environmental deterioration caused due to e-waste.
Use of digital technology in the Global Testing, Inspection, and Certification (TIC) Market
The current trend in the testing, inspection, and certification market is use of digital technology. Companies such as SGS, Intertek, and Bureau Veritas are focused on the adoption of digital technology, which is expected to boost the market growth.
Europe held the dominant position in the Testing, Inspection, and Certification (TIC) market in 2017
Increasing trade of consumer products is expected to drive growth of Testing, Inspection, and Certification (TIC) Market in Europe. Organizations such as the European Telecommunications Standards Institute, and European Committee for Standardization are developing new rules and regulations such as those listed under the Construction Products Directive to maintain product safety and limit the flow of counterfeit products.ย
Global Testing, Inspection, and Certification (TIC) Market: Key Players
Major players operating in the global testing, inspection, and certification (TIC) industry include
SGS Group, Bureau Veritas SA, TUV Rheinland Group, Intertek Group PLC, ALS Limited, DNV GL, MISTRAS, Lloydโs Register Group Limited, Underwriters Laboratories Inc., ABS Group, and ASTM International.
๐๐๐ฆ๐ช๐๐จ๐ฉ ๐๐ค๐ง ๐พ๐ช๐จ๐ฉ๐ค๐ข๐๐ฏ๐๐ฉ๐๐ค๐ฃ ๐ค๐ ๐๐๐จ๐๐๐ง๐๐ ๐๐๐ฅ๐ค๐ง๐ฉ @ https://www.coherentmarketinsights.com/insight/request-customization/2821
Global Testing, Inspection, and Certification (TIC) Market, By Type, 2017-2027 (US$ Mn)
โฆ Segment Trends
โช Management Systems Certification
โช Third-Party Inspection
โช ASME
โช Others
Global Testing, Inspection, and Certification (TIC) Market, By Vertical, 2017-2027ย (US$ Mn)
โฆ Segment Trends
โช Oil and Gas
โช Chemicals
โช Life Sciences
โช Power & Utilities
โช Food, Beverages, and Agriculture
โช Transportation
โช Automotive & Aerospace
โช Consumer Products and Goods
โช Construction
โช Metals and Minerals
โช Industrial Goods
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