Testing, Inspection and Certification (TIC) Market Size to reach $148780 Million by 2027

The global Testing, Inspection and Certification (TIC) market size is projected to reach US$ 148780 million by 2027, from US$ 107160 million in 2020, at a CAGR of 4.8% during the forecast period 2021-2027.

Companies provide inspection, verification, testing and certification services and related support functions such as auditing, consulting and training. The purpose of these services is to increase productivity, help local manufacturers meet global standards, manage risk, and improve the quality, safety and compliance of a company’s products and services.

The global Testing, Inspection and Certification (TIC) key players include SGS, Bureau Veritas, Eurofins Scientific, Intertek, Dekra, TUV SUD, TÜV Rheinland, Applus, DNV GL and ALS Global, etc. Global top five players hold a share of about 15%.

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The primary role of testing, inspection, and certification is to ensure the maintenance of the health, safety, and quality requirements products. Testing, inspection, and certification companies are engaged in inspection, verification, testing and certification services to help increase productivity and also help local manufacturers comply with the global standards.

This report focuses on the status of global testing, inspection and certification, future outlook, opportunities for development, key industry, and key players. The study goals are to address the production of research, inspection, and qualification in the USA, Europe, and China.

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by Type, the market is primarily split into

o Mandatory Testing, Inspection and Certification Services
o Market Testing, Inspection and Certification Services

by Application, this report covers the following segments

o Food
o Energy
o Consumer Goods
o Automotive
o Manufacturing
o Infrastructure and Railways
o Others

The Testing, Inspection and Certification (TIC) key players in this market include:

o SGS
o Bureau Veritas
o Eurofins Scientific
o Intertek
o Dekra
o TUV SUD
o TÜV Rheinland
o Applus
o DNV GL
o ALS Global
o TUV NORD
o UL Services
o Lloyd’s Register
o CCIC
o SIRIM QAS
o Guangzhou GRG Metrology &Test co.Ltd

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This release was published on openPR.