Testing, Inspection and Certification (TIC) Market Expected To Be Worth US$ 285 Billion Globally By 2024

In this report, the global TIC market is segmented by type, sourcing activity, end-user industry, and region. On the basis of type, the market is segmented into testing, inspection, and certification. The market on the basis of sourcing activity is segmented into in-house and outsourced. The TIC market is segmented on end-user industries, namely, petroleum, environmental, consumer goods, agriculture, mining, construction & infrastructure, manufacturing, oil & gas, and chemical.

The global testing, inspection and certification (TIC) market is expected to reach US$ 285 billion by 2024, registering a compound annual growth rate (CAGR) of 5.6% during the forecast period.

A glimpse of the report structure is provided in the report description available on the website.
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Rising trend of outsourcing TIC services to third party service providers and stringent regulations to ensure the quality and safety of products are driving the market. In addition, increasing product diversification in several industries and globalization are expected to fuel the growth of the TIC market. However, different regulations and standards across various regions are expected to hamper the growth of the TIC market.

The Testing, Inspection and Certification Market has been segmented as below:


By Application Analysis

Textile
Automation
Automotive
Food and beverage
Aerospace
Oil and gas
Others


By Regional Analysis

North America
Europe
Asia-Pacific
Rest of the World

Bureau Veritas SA, Intertek Group PLC, SGS Group, ALS Ltd., ASTM International, AsureQuality Ltd., Dekra SE, Underwriters Laboratories Inc, Lloyd's Register Group Limited, DNV GL, TUV SUD AG, and TÜV Rheinland Group are the most active players in the TIC market.

This report covers the TIC market, in terms of value, and forecasts the market size till 2024. It includes the market segmentation by type, sourcing activity, end-user industry, and region. In addition, the report identifies key growth segments and opportunities in the industry. This report also covers detailed competitive outlook including the share and company profiles of the key players in the global market. Company profile includes company summary, financial summary, business strategy and planning, SWOT analysis, and current developments.

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Table of Contents

1. INTRODUCTION
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary
4 Premium Insights
6 Industry Trends
7 TIC Market, By Type
8 TIC Market, By Sourcing Activity
9 TIC Market, By End-User Industry
10 Geographic Analysis
11 Competitive Landscape
12 Company Profile
12.1 Introduction
12.2 SGS Group
12.3 Bureau Veritas S.A.
12.4 Intertek Group PLC
12.5 TUV SUD Group
12.6 Dekra Certification GmbH
12.7 ALS Limited
12.8 ASTM International
12.9 BSI Group
12.10 Exova Group PLC
12.11 TUV Rheinland A.G.
12.12 TUV Nord Group
12.13 SAI Global Limited
12.14 Eurofins Scientific
12.15 Mistras Group, Inc.
12.16 UL LLC

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