Press release
Testing, Inspection and Certification Market by Company Profile - SGS Group, Dekra Certification GmbH, ALS Limited, BSI Group and Forecast till 2022
Market Synopsis Of Testing, Inspection and Certification Market
Market Scenario
The Testing, Inspection & Certification Is The Process Adopted By End-User Sector To Ensure Safety, Maintenance, And Quality In Consumer Products. These Services Are Required In Increasing Productivity By Meeting Product Quality With International Standard. In Recent Years, Rules And Norms Regarding Health, Quality, And Safety Have Become Strict Which Is Thereby Affecting The Global Import & Export Business. Imports From Developing Regions Has To Pass Through Strict Quality And Safety Testing Procedures. This Has Increased Demand For Testing, Inspection And Certification Process In Manufacturing Sectors.
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The Major Factor That Drives The Growth Of Testing, Inspection And Certification (TIC) Market Is Rising Stringent Rules In End-User Sectors Such As Food & Beverage, Textiles, And Pharmaceuticals, Growing Awareness About Quality Among Consumers Which Is Thereby Developing Demand For Testing, Inspection & Certification In Consumer Market, And Growing Manufacturing Units In Emerging Countries Such As China, India, Singapore Among Others.
The Major Restraint Of The Testing, Inspection And Certification (TIC) Market Is The Lack Of International Standards Of Testing, Inspection & Certification. Also, Regional Rules & Regulations Differentiation Is Affecting Investment By Manufacturers In The Market.
Globally The Market For Testing, Inspection And Certification (TIC) Market Is Expected To Grow At The Rate Of More Than ~5% From 2016 To 2022.
Regional Analysis Of Testing, Inspection and Certification Market:
Europe Is Dominating The Global Testing, Inspection And Certification (TIC) Market With The Largest Market Share Due To Presence Of High-Tech Automation Division In The Region Which Provides Extensive Vehicle Testing & Inspection Services To The Automotive Products .Therefore Is Expected To Grow With High Revenue By 2022. Asia-Pacific Is The Fastest Growing Region During The Forecast Period Due To High Demand Of Testing & Inspection Services, Especially By Emerging Countries China And India. Also, Strict Regulations By Government To Ensure Better Health And Strong Security Is Fuelling The Market Growth In Various End-User Sectors In The Region.
Key players
Some Of The Major Players In Global Testing, Inspection And Certification (TIC) Market Includes SGS Group (Switzerland), Bureau Veritas SA (France), Dekra Certification GmbH (Germany), Intertek Group Plc. (U.K.), ALS Limited (Australia), ASTM International (U.S.), BSI Group (U.K.), SAI Global Limited (Australia), MISTRAS Group, Inc.(U.S.), And UL LLC (U.S.) Among Others.
Segments For Testing, Inspection And Certification (TIC) Market:
Global Testing, Inspection And Certification (TIC) Market Can Be Segmented As Follows:
• Segmentation By Types: In-House And Outsourced Among Others
• Segmentation By End-Users: Oil & Gas, Aerospace, Food & Beverage, Automotive, Petroleum And Textile Among Others.
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Target Audience:
• OEM manufacturers
• Automotive industries
• Testing equipment suppliers
• Research organizations
• Government
• Technology investors
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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