Press release
Testing, Inspection and Certification (TIC) - Global Comprehensive Analysis of Industry Dynamics and Market Sales Trends 2024
Leading players of the global Testing, Inspection and Certification (TIC) market are analyzed taking into account their market share, recent developments, new product launches, partnerships, mergers or acquisitions, and markets served. We also provide an exhaustive analysis of their product portfolios to explore the products and applications they concentrate on when operating in the global Testing, Inspection and Certification (TIC) market. Furthermore, the report offers two separate market forecasts - one for the production side and another for the consumption side of the global Testing, Inspection and Certification (TIC) market. It also provides useful recommendations for new as well as established players of the global Testing, Inspection and Certification (TIC) market.
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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 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.
The global Testing, Inspection and Certification (TIC) market size is expected to reach US$ 156530 million by 2029, growing at a CAGR of 4.8% from 2023 to 2029. The market is mainly driven by the significant applications of Testing, Inspection and Certification (TIC) in various end use industries. The expanding demands from the Food, Energy, Consumer Goods and Automotive, are propelling Testing, Inspection and Certification (TIC) market. Mandatory Testing, Inspection and Certification Services, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Market Testing, Inspection and Certification Services segment is estimated at % CAGR for the next seven-year period.
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 about 15%.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Testing, Inspection and Certification (TIC), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Testing, Inspection and Certification (TIC) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Testing, Inspection and Certification (TIC) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Testing, Inspection and Certification (TIC) sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Testing, Inspection and Certification (TIC) covered in this report include SGS, Bureau Veritas, Eurofins Scientific, Intertek, Dekra, TUV SUD, TÜV Rheinland, Applus and DNV GL, etc.
The global Testing, Inspection and Certification (TIC) market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
SGS
Bureau Veritas
Eurofins Scientific
Intertek
Dekra
TUV SUD
TÜV Rheinland
Applus
DNV GL
ALS Global
TUV NORD
UL Services
Lloyd's Register
CCIC
SIRIM QAS
Guangzhou GRG Metrology &Test co.Ltd
Global Testing, Inspection and Certification (TIC) market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Testing, Inspection and Certification (TIC) market, Segment by Type:
Mandatory Testing, Inspection and Certification Services
Market Testing, Inspection and Certification Services
Global Testing, Inspection and Certification (TIC) market, by Application
Food
Energy
Consumer Goods
Automotive
Manufacturing
Infrastructure and Railways
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Testing, Inspection and Certification (TIC) companies' competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
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