openPR Logo
Press release

Testing, Inspection And Certification Market - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast To 2025

03-16-2018 12:05 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Xpodence Research

Testing, Inspection And Certification Market - Global Industry

Testing, Inspection, and Certification or TIC is responsible for the regulatory standards issued for quality, technical & environmental safety, along with expected performance of the clients product. Primary role of TIC services include verification, testing, inspection, and certification in order to increase productivity. These services are projected to provide an assurance to the client that the product has been recognized under national & international rules and regulations, and also have attained the industrial standards related to safety and quality.

Various emerging countries are majorly adopting the TIC services for exporting products and maintaining global industrial standards along with taking care of environmental safety pertaining to discharge, storage, emission, and disposal of certain chemical wastes. Increased TIC services outsourcing has been emerged as key opportunity for the growth of TIC companies over the forecast period. Furthermore, increased procedures complexity, standards and regulations proliferation, a sustained suppliers consolidation, controlled technologies and insurance are few other factors positively influencing the TIC industry.

Request For Free Sample Of The Report @ https://www.xpodenceresearch.com/Request-Sample/105825

For Instance, General Safety Regulation (EC) No 661/2009 31A in 2014 has mandated implementation advanced safety features in all the automobiles sold in European countries. These safety features includes tire pressure monitoring systems, driver seatbelt reminders, and ISOFIX child seat anchorages. Also, new trucks & buses must be equipped with advanced emergency braking systems as well as lane departure warning systems.

Rising consumption of products in emerging countries, and harmonization of international standards are also expected to spur the TIC growth over the forecast period, Furthermore, imposition of rigorous rules & regulations by government, and surge in piracy activities and global counterfeiting will also benefit the growth.. Additionally, rising interest from end user & clients aimed at safety and social responsibility will boost the demand of TIC services globally. Although, lack of global certified standards and skilled workforce, and distinguished regulation and standards across geographies may hinder the TIC industry.

TIC market has been segmented on the basis of sourcing type, service type, end-user, and applications. On the basis of sourcing type, the market is segmented as in-house and outsourcing. The service segment is segregated into testing service, certification service, and inspection service. Among these, the testing segment has acquired the major share of revenue generation and is probably projected to maintain the dominance over the forecast period.

Market end user segment includes automotive, aerospace, textiles, food & beverages, petroleum, oil & gas, and others. Other segment includes agricultural, forestry, infrastructure & construction, chemical, healthcare, pharmaceuticals, energy & utilities, government, education, and cosmetics. Increasing rules & regulations to ensure the improved quality productivity of food products has driven the TIC services adoption in food & beverages sector. Based on application, the market is segmented as industrial and commercial.

Europe TIC market is anticipated to contribute majorly to the global TIC market owing to continual introduction of new regulations such as energy efficiency in construction. TIC services in the Europe market continue to improve due to large focus on outsourcing. Increase in demand for modernization of oil & gas, power infrastructures and wastewater utilization are expected to fuel the demand in the region. Besides, gradual shift of eating inclinations towards health consciousness are spurring the market for food certification in Europe. North America regional market is majorly influenced by enormous presence of electronics, aviation, software, & defense industry, and increased global trade.

Obtain Report Details @ https://www.xpodenceresearch.com/Reports/Testing-Inspection-And-Certification-Market

Key players in the market include SGS group, Bureau Veritas SA, Dekra Certification GmbH, Intertek Group Plc, ALS Limited, ASTM international, BSI Group, SAI Global Limited, Mistras Group, and UL LLC. However, SGS Group and Bureau Veritas hold the largest market of TIC services. Several regional players have adopted the merger & acquisition strategy to acquire other niche players to compete in the global market. For instance, in 2017, Eurofins Scientific acquires Alphora Research, GATC Biotech, and Ahma ymparisto Oy to strengthen the footprint in the rapidly-growing biopharmaceutical testing market, DNA sequencing and establish a strong presence in southern Finland.

About Us-

Xpodence Research is a U.S. based Market Research Company and offers the most extensive collection of progressive surveying syndicated and customized research reports of various categories for private and public industries across the globe.

We offer the comprehensive market research solution for all the industries by performing the in-depth study of industry trends, verticals globally. We believe in building an eternal bond with our customers through providing them inclusive research study both customized and syndicated based on their specific requirements.

The organizations in every industry such as Technology, Pharmaceuticals, Consumable Goods, Food & Beverage and others demands a market-based solutions for various significant decisions based on productivity and output globally. Our services are tailored specifically to our clients by proposing them the potential outcome, based on our in-depth analysis and insights for exploring the growth strategies through providing the best possible decision for quality production.

Contact Us-

Xpodence Research
USA Office
244 , Madison Avenue
New York City, NY - 10016
United States
UK Office
109 ,Straford Street,Leeds
West Yorkshrie LS11 6JG
United Kingdom
Toll Free +1- 844-445-2861
Email-sales@xpodenceresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Testing, Inspection And Certification Market - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast To 2025 here

News-ID: 981797 • Views:

More Releases from Xpodence Research

Real-Time Location Systems (RTLS) Market For Healthcare - Hardware Segment Contributed a Largest Market Share Toward the Market in 2017 And Expected to Dominate in Future
Real-Time Location Systems (RTLS) Market For Healthcare - Hardware Segment Contr …
RTLS or Real Time Location System is a combination of hardware, software and service components, which is used for the realtime monitoring, tracking and management of equipments, patients, and staff personnels. The Real Time Location Systems find applications in civil as well as military healthcare facilities. With continuous advancements in healthcare technology, the RLTS are finding increase in adoption in many parts of the world, with developed countries at the
Scar Treatment Market - Keloids and Burned Scars Treatment to Take More Priority Over Mild-To-Medium Acne and Spot Correction
Scar Treatment Market - Keloids and Burned Scars Treatment to Take More Priority …
The global scar treatment market has been examined to pick up a comprehension about the changing situation of the appearance and aesthetic remedial measures. Scar revision is a process that is utilized to limit the scars in a way that they seem more reliable with the encompassing skin tone and skin texture. Scars are unmistakable signs that stay after an injury mends. They are unavoidable aftereffects of damage or a
Shotcrete Concrete Market - Key Manufacturers Motivated Towards the Adoption of Key Strategies in The Future
Shotcrete Concrete Market - Key Manufacturers Motivated Towards the Adoption of …
Shotcrete or sprayed concrete is generally used in a wide range of applications including construction and wastewater treatment structures. It is considered to be an efficiently performing mortar or concrete which is blown at high speed on the desired surface of a construction site, generally through a hose. Shotcrete or sprayed concrete is generally conveyed by using two methods including dry mix process and wet mix process. The wet mix
Tube Packaging Market - Key Manufacturers Motivated Towards the Adoption of Key Strategies in The Future
Tube Packaging Market - Key Manufacturers Motivated Towards the Adoption of Key …
A hollow and cylindrical container that is made by paperboard, plastic or aluminum is called tube. Tubes are basically used for storing viscous liquid type materials like toothpaste, adhesive, ointment, and others. At the time of manufacturing and processes of filling, both the ends of the tube are cured in a different manner. An oval orifice is present on one of the end of the tube body, that can

All 5 Releases


More Releases for TIC

Aerospace Life Sciences Tic Market Size, Share, 2028
Aerospace Life Sciences TIC Market Report is expected to grow at CAGR 5.2% by 2028. Aerospace Life Sciences TIC Market Report was $XX Million in 2020 and is expected to reach $XX Billion by the forecasted period 2021 to 2028. TIC stands for Test, Inspection and Certification. Therefore, TIC for aerospace and life sciences refers to services that ensure the safety of people while traveling by air transport. Aerospace and
Automotive TIC Market Anticipated to Grow Rapidly During 2028
The Automotive TIC Market report provides a detailed overview of the industry including both qualitative and quantitative information with a special focus on the global market trend analysis. The report aims to provide an overview of Automotive TIC market with detailed market segmentation by offering, application and geography. The global Automotive TIC market is expected to witness high growth during the forecast period. The report provides key statistics on the
Global Automotive TIC Market Size – Forecasts to 2026
The results analyzed by GME showed that the Global Automotive TIC market will grow with a CAGR value of 4.1 percent, to hit xx billion USD by 2026. The demand will rise rapidly with the rising automotive industry and the increasing adoption of automotive electronics. Browse 151 Market Data Tables and 111 Figures spread through 179 Pages and in-depth TOC on "Automotive TIC Market - Forecast to 2026" https://www.globalmarketestimates.com/market-report/global-automotive-tic-market-2584 By Service
Automotive TIC Market worth $20.4 billion by 2025
According to the new market research report " Automotive TIC Market with COVID-19 impact by Service (Testing, Inspection, Certification), Sourcing, Application (Vehicle Inspection, Electrical & Components), and Geography; Periodic Technical Inspection Market by Region - Global Forecast to 2025" is expected to grow from USD 16.5 billion in 2020 to USD 20.4 billion by 2025, at a CAGR of 4.3%. The growth of the automotive TIC market can be attributed
Automotive TIC Market Worth $32.7 Billion by 2025
Meticulous Research- a leading global market research company published a research report titled "Automotive TIC market by service type (testing, inspection, certification), sourcing (in-house and outsourcing), application (vehicle inspection, electric components and electronics, OEM testing, telematics), and geography - global forecast to 2025". According to this latest publication from Meticulous Research, the global automotive testing, inspection, certification market is forecasted to reach $32.7 billion in 2025 from USD 22.5 billion in
Tic Disorder Therapeutics- Pipeline Analysis 2018
Tic disorder is a type of mental disorder, characterized by sudden and nonrhythmic movements. According to the World Health Organisation (WHO), this disease can be categorized into five types; transient, combined vocal and multiple motor, unspecified, and chronic motor tic disorder. Download the sample report @ https://www.pharmaproff.com/request-sample/1089 Some of the symptoms of the disease are facial grimacing, excessive blinking, uncontrollable movements of the legs, and sound such as throat clearing. Majorly