Press release
Global Testing, Inspection and Certification (TIC) Market Key Players Analysis, Application, Covid-19 Impact, Regional Data and Forecasts 2021-2026
The Global Testing, Inspection & Certification (TIC) Market, valued at USD 263.41 billion in the year 2020 has been witnessing unprecedented growth in the last few years on the back of mergers and acquisitions that drives solid development for players and supports mid-level TIC organizations. Also, the positive outlook of Testing, Inspection & Certification industry can be credited to variables, such as solid GDP development in the BRIC nations, an expanding drive to uphold guidelines by governments, global exchange items and administrations and moves towards industry standardization because of better, progressively dependable and more secure products with expanding end-client awareness connecting a safe business with a productive business.Get Free Sample Copy of Global Testing, Inspection & Certification (TIC) Market Research Report at https://www.reportsnreports.com/contacts/requestsample.aspx?name=4298848
Among the Service segment in the Testing, Inspection & Certification market (Testing, Inspection, and Certification), Testing Service has been gaining popularity among various end-user segments and is expected to keep major market share in the forecast period owing to rising globalization, which has additionally encouraged the development in worldwide sourcing. These worldwide global sourcing practices have expanded the interest for testing services because of the presence of various item benchmarks across various areas.
Based on Source Type segment, In-house segment dominates the market share in year 2020 and is also expected to show dominance during the forecast period because In-house testing administrations give organizations unlimited authority over the whole procedure. For instance, IBM has a dedicated in-house testing division to conduct its product testing.
Based on Application segment, Consumer Goods & Retail holds the major share in the TIC market followed by Food & Agriculture, Oil & Gas and Petroleum segment. This growth is driven by the expanding requirement for TIC benefits in personal care and beauty products, hard products, softlines and accessories, toys and adolescent items, and electrical and hardware, among others.
The Europe region has the largest market in year 2020 while it is estimated that Asia Pacific will show the fastest growth during the forecast period with China being the leading country in the region followed by India. Factors backing the growth of the region are growing consumer awareness coupled with increasing government norms for the safety and quality of the products that are being consumed by the consumers.
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Scope of the Report
- The report analyses the Testing, Inspection & Certification market by Value.
- The report analyses the Testing, Inspection & Certification Market by Service Type (Testing, Inspection, Certification).
- The report assesses the Testing, Inspection & Certification market by Source Type (In-house, Outsourced).
- The report assesses the Testing, Inspection & Certification market by Application (Consumer Goods & Retail, Food & Agriculture, Oil & Gas and Petroleum, Construction & Infrastructure, Industrial & Manufacturing, Transportation, Automotive, Energy & Power, Supply chain & Logistics and Others).
- The Global Testing, Inspection & Certification Market has been analysed by Region (Americas, Europe, Asia Pacific) and by Country (United States, France, Germany, China, India)
- Also, the attractiveness of the market has been presented by region, Service Type, Source Type, Application. Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
- The report tracks competitive developments, strategies, key developments in the market and new product development, Mergers & Acquisitions. The companies analysed in the report include SGS S.A, Intertek, Eurofins Scientific, DNV GL, ALS Limited, TUV SUD, Bureau Veritas.
- The report presents the analysis of Testing, Inspection & Certification market for the historical period of 2016-2020 and the forecast period of 2021-2026.
Key Target Audience
- Testing, Inspection & Certification Vendors
- Consulting and Advisory Firms
- Government and Policy Makers
- Investment Banks and Equity Firms
- Regulatory Authorities
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Table of Contents:
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
3. Global Testing, Inspection & Certification Market: Sizing and Forecast
3.1 Market Size, By Value, Year 2016-2026
4. Global Testing, Inspection & Certification Market Segmentation By Service Type (By Value)
4.1 Competitive Scenario of Global Testing, Inspection & Certification: By Service Type
4.2 Testing - Market Size and Forecast (2016-2026)
4.3 Inspection - Market Size and Forecast (2016-2026)
4.4 Certification ñ Market Size and Forecast (2016-2026)
5. Global Testing, Inspection & Certification Market Segmentation By Source Type (By Value)
5.1 Competitive Scenario of Global Testing, Inspection & Certification: By Source Type
5.2 In-house - Market Size and Forecast (2016-2026)
5.3 Outsourced Market Size and Forecast (2016-2026)
6. Global Testing, Inspection & Certification Market Segmentation By Application (By Value)
6.1 Competitive Scenario of Global Testing, Inspection & Certification: By Application
6.2 Consumer Goods & Retail ñ Market Size and Forecast (2016-2026)
6.3 Food & Agriculture - Market Size and Forecast (2016-2026)
6.3.1 TIC Market For Food & Agriculture, By Application, 2016-2026 (USD Billion)
6.3.2 TIC Market For Food & Agriculture, By Service Type, 2016-2026 (USD Billion)
6.3.3 TIC Market For Food & Agriculture, By Source Type, 2016-2026 (USD Billion)
6.4 Oil & Gas and Petroleum ñ Market Size and Forecast (2016-2026)
6.5 Construction & Infrastructure ñ Market Size and Forecast (2016-2026)
6.6 Industrial & Manufacturing ñ Market Size and Forecast (2016-2026)
6.7 Transportation - Market Size and Forecast (2016-2026)
6.8 Automotive - Market Size and Forecast (2016-2026)
6.9 Energy & Power - Market Size and Forecast (2016-2026)
6.10 Supply Chain & Logistics- Market Size and Forecast (2016-2026)
6.11 Others - Market Size and Forecast (2016-2026)
7. Global Testing, Inspection & Certification (TIC) Market: Regional Analysis
7.1 Competitive Scenario of Global Testing, Inspection & Certification (TIC): By Region
8. Americas Testing, Inspection & Certification Market: An Analysis (2016-2026)
8.1 Americas Testing, Inspection & Certification Market: Size and Forecast (2016-2026)
8.2 Americas Testing, Inspection & Certification Market ñ Prominent Companies
8.3 Market Segmentation By Service Type (Testing, Inspection, Certification)
8.4 Market Segmentation By Source Type (In-house, Outsourced)
8.5 Market Segmentation By Application (Consumer Goods & Retail, Food & Agriculture, Oil & Gas and Petroleum, Construction & Infrastructure, Industrial & Manufacturing, Transportation, Automotive, Energy & Power, Others)
8.6 Americas Testing, Inspection & Certification Market: Country Analysis
8.7 Market Opportunity Chart of Americas Testing, Inspection & Certification Market - By Country, By Value (Year-2026)
8.8 Competitive Scenario of Americas Testing, Inspection & Certification: By Country
8.9 United States Testing, Inspection & Certification Market: Size and Forecast (2016-2026)
8.10 Few Major Players in United States Testing, Inspection & Certification (TIC) Market
8.11 United States Testing, Inspection & Certification Market Segmentation By Service Type, Source Type, Application
8.11.1 United States TIC Market, Supply chain & Logistics, By Application, 2016-2026 (USD Billion)
8.11.2 United States TIC Market, Supply chain & Logistics, By Service Type, 2016-2026 (USD Billion)
8.11.3 United States TIC Market, Supply chain & Logistics, By Source Type, 2016-2026 (USD Billion)
8.11.4 United States TIC Market, Supply chain & Logistics For Food & Agriculture, 2016-2026 (USD Billion)
9. Europe Testing, Inspection & Certification Market: An Analysis (2016-2026)
9.1 Europe Testing, Inspection & Certification Market: Size and Forecast (2016-2026)
9.2 Europe Testing, Inspection & Certification Market ñ Prominent Companies
9.3 Market Segmentation By Service Type (Testing, Inspection, Certification)
9.4 Market Segmentation By Source Type (In-house, Outsourced)
9.5 Market Segmentation By Application (Consumer Goods & Retail, Food & Agriculture, Oil & Gas and Petroleum, Construction & Infrastructure, Industrial & Manufacturing, Transportation, Automotive, Energy & Power, Others)
9.6 Europe Testing, Inspection & Certification Market: Country Analysis
9.7 Market Opportunity Chart of Europe Testing, Inspection & Certification Market - By Country, By Value (Year-2026)
9.8 Competitive Scenario of Europe Testing, Inspection & Certification: By Country
9.9 France Testing, Inspection & Certification Market: Size and Forecast (2016-2026)
9.10 France Testing, Inspection & Certification Market Segmentation By Service Type, Source Type, Application
9.11 Germany Testing, Inspection & Certification Market: Size and Forecast (2016-2026)
9.12 Germany Testing, Inspection & Certification Market Segmentation By Service Type, Source Type, Application
10. Asia Pacific Testing, Inspection & Certification Market: An Analysis (2016-2026)
10.1 Asia Pacific Testing, Inspection & Certification Market: Size and Forecast (2016-2026)
10.2 Market Segmentation By Service Type (Testing, Inspection, Certification)
10.3 Market Segmentation By Source Type (In-house, Outsourced)
10.4 Market Segmentation By Application (Consumer Goods & Retail, Food & Agriculture, Oil & Gas and Petroleum, Construction & Infrastructure, Industrial & Manufacturing, Transportation, Automotive, Energy & Power, Others)
10.5 Asia Pacific Testing, Inspection & Certification Market: Country Analysis
10.6 Market Opportunity Chart of Asia Pacific Testing, Inspection & Certification Market - By Country, By Value (Year-2026)
10.7 Competitive Scenario of Asia Pacific Testing, Inspection & Certification: By Country
10.8 China Testing, Inspection & Certification Market: Size and Forecast (2016-2026)
10.9 Major Players in China Testing, Inspection & Certification (TIC) Market
10.10 China Testing, Inspection & Certification Market Segmentation By Service Type, Source Type, Application
10.11 India Testing, Inspection & Certification Market: Size and Forecast (2016-2026)
10.12 India Testing, Inspection & Certification Market Segmentation By Service Type, Source Type, Application
11. Global Testing, Inspection & Certification Market Dynamics
11.1 Global Testing, Inspection & Certification Market Drivers
11.2 Global Testing, Inspection & Certification Market Restraints
11.3 Global Testing, Inspection & Certification Market Trends
12. Market Attractiveness and Strategic Analysis
12.1 Market Attractiveness
12.1.1 Market Attractiveness Chart of Global Testing, Inspection & Certification Market - By Service Type (Year 2026)
12.1.2 Market Attractiveness Chart of Global Testing, Inspection & Certification Market - By Source Type (Year 2026)
12.1.3 Market Attractiveness Chart of Global Testing, Inspection & Certification Market - By Region, By Value, (Year-2026)
12.2 Strategic Analysis
12.2.1 New Product Development
12.2.2 Recent Developments in TIC Market
12.2.3 Mergers & Acquisitions
13. Competitive Landscape
13.1 Market Share Analysis
13.2 Competitive Positioning (Leaders, Challengers, Followers, Niche Players)
14. Supply chain compliance in Food and Agriculture TIC Market
15. Risk Monitoring in Food and Agriculture TIC Market
16. Regulatory Compliance in Food and Agriculture TIC Market
17. Company Profiles (Business Description, Financial Analysis, Business Strategy)
17.1 SGS S.A
17.2 Bureau Veritas
17.3 Intertek
17.4 TUV SUD
17.5 Eurofins Scientific
17.6 DNV GL
17.7 ALS Limited
17.8 IBM Food Trust
17.9 Applus+
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