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What is the Future of Testing, Inspection, and Certification (TIC) Market?

10-17-2019 02:38 PM CET | IT, New Media & Software

Press release from: Coherent Market Insights

Testing, Inspection, and Certification (TIC) Market

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.

๐™๐™ค๐™ง ๐™„๐™ฃ ๐™™๐™š๐™ฅ๐™ฉ๐™ ๐™„๐™ฃ๐™›๐™ค๐™ง๐™ข๐™–๐™ฉ๐™ž๐™ค๐™ฃ ๐™‚๐™š๐™ฉ ๐™Ž๐™–๐™ข๐™ฅ๐™ก๐™š ๐˜พ๐™ค๐™ฅ๐™ฎ ๐™ค๐™› ๐™ฉ๐™๐™ž๐™จ ๐™๐™š๐™ฅ๐™ค๐™ง๐™ฉ @
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, Lloydโ€™s Register Group Limited, Underwriters Laboratories Inc., ABS Group, and ASTM International.

๐™๐™š๐™ฆ๐™ช๐™š๐™จ๐™ฉ ๐™๐™ค๐™ง ๐˜พ๐™ช๐™จ๐™ฉ๐™ค๐™ข๐™ž๐™ฏ๐™–๐™ฉ๐™ž๐™ค๐™ฃ ๐™ค๐™› ๐™๐™š๐™จ๐™š๐™–๐™ง๐™˜๐™ ๐™๐™š๐™ฅ๐™ค๐™ง๐™ฉ @ https://www.coherentmarketinsights.com/insight/request-customization/2821

Global Testing, Inspection, and Certification (TIC) Market, By Type, 2017-2027 (US$ Mn)
โ—ฆ Segment Trends
โ–ช Management Systems Certification
โ–ช Third-Party Inspection
โ–ช ASME
โ–ช Others

Global Testing, Inspection, and Certification (TIC) Market, By Vertical, 2017-2027ย  (US$ Mn)
โ—ฆ Segment Trends
โ–ช Oil and Gas
โ–ช Chemicals
โ–ช Life Sciences
โ–ช Power & Utilities
โ–ช Food, Beverages, and Agriculture
โ–ช Transportation
โ–ช Automotive & Aerospace
โ–ช Consumer Products and Goods
โ–ช Construction
โ–ช Metals and Minerals
โ–ช Industrial Goods

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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