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Press Release

Testing, Inspection and Certification Market Expected to Grow at CAGR 6.00% and Forecast to 2023

This press release was orginally distributed by SBWire

New York, NY -- (SBWIRE) -- 08/08/2018 -- Testing, Inspection and Certification Industry

Description

Wiseguyreports.Com Adds "Testing, Inspection and Certification -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2026" To Its Research Database

Global Testing, Inspection and Certification Market is accounted for $184.2 billion in 2017 and is expected to reach $312.25 billion by 2026 growing at a CAGR of 6.0% during the forecast period. The growth of this market is driven by increasing goods in emerging nations, increase in product recalls, government regulations and standards also various companies are offering TIC services. However, various standards and regulations, complex nature of supply chains across geographies are restraining the market.

Testing, Inspection and Certification (TIC) is a process performed to ensure that the manufactured products, component systems are adequate for the intended purpose. Inspection and testing are performed before, during and after manufacturing to ensure the quality of the product while certification refers to the confirmation of the quality of the product. Performance of these services is required to meet various safety and quality requirements of national and international standards.

Based on application, transportation segment dominates the marekt due to the factors such as strict regulations and legislations. It includes automotive, marine, aerospace and defense, and rail. These industries are required to continually meet the highest levels of safety and reliability for the safety of passengers and assets. By type outsourced services is anticipated to grow at the highest CAGR during the forecast period owing to focus on their core business and avoid high in-house laboratory costs.

Europe accounted for largest share in the Testing, Inspection and Certification market due to continual introduction of new rules such as energy efficiency in construction and rising focus on outsourcing. Asia Pacific market is expected to witness a significant growth over the forecast period owing to rising number of manufacturing facilities in India and China, increased demand of consumer electronics as well as growing consumer awareness towards quality is aiding the market growth.

Some of the key players profiled in the report include DNV GL Group AS, ALS Limited, Mistras, Eurofins Scientific, Element Materials Technology, Dekra SE, Bureau Veritas SA, UL, TUV Nord, TUV Rheinland, SGS, Avomeen Analytical Services, Envigo, Intertek Group PLC, Medistri, Lloyd's Register, Applus, ASTM International and Asure Quality Limited. 

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Sourcing Types Covered: 
- Outsourcing 
- In-House

Service Types Covered: 
- Inspection 
- Testing 
- Certification 
- Other Service types

Application Covered: 
- Industrial and Manufacturing 
- Energy & Power 
- Consumer Goods and Retail 
- Medical and Life Science 
- Oil & Gas and Petroleum 
- Mining 
- Public Sector 
- Agriculture and Food 
- Construction and Infrastructure 
- Supply Chain and Logistics 
- Transportation 
- Chemicals

Methodologies Covered: 
- Internal Condition 
- External Condition 
- Other Methodology

Regions Covered: 
- North America 
o US 
o Canada 
o Mexico 
- Europe 
o Germany 
o UK 
o Italy 
o France 
o Spain 
o Rest of Europe 
- Asia Pacific 
o Japan 
o China 
o India 
o Australia 
o New Zealand 
o South Korea 
o Rest of Asia Pacific 
- South America 
o Argentina 
o Brazil 
o Chile 
o Rest of South America 
- Middle East & Africa 
o Saudi Arabia 
o UAE 
o Qatar 
o South Africa 
o Rest of Middle East & Africa

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What our report offers: 
- Market share assessments for the regional and country level segments 
- Market share analysis of the top industry players 
- Strategic recommendations for the new entrants 
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets 
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) 
- Strategic recommendations in key business segments based on the market estimations 
- Competitive landscaping mapping the key common trends 
- Company profiling with detailed strategies, financials, and recent developments 
- Supply chain trends mapping the latest technological advancements

Table of Content

1 Executive Summary 

2 Preface 
2.1 Abstract 
2.2 Stake Holders 
2.3 Research Scope 
2.4 Research Methodology 
2.4.1 Data Mining 
2.4.2 Data Analysis 
2.4.3 Data Validation 
2.4.4 Research Approach 
2.5 Research Sources 
2.5.1 Primary Research Sources 
2.5.2 Secondary Research Sources 
2.5.3 Assumptions 

3 Market Trend Analysis 
3.1 Introduction 
3.2 Drivers 
3.3 Restraints 
3.4 Opportunities 
3.5 Threats 
3.6 Application Analysis 
3.7 Emerging Markets 
3.8 Futuristic Market Scenario 

....

10 Key Developments 
10.1 Agreements, Partnerships, Collaborations and Joint Ventures 
10.2 Acquisitions & Mergers 
10.3 New Test Type Launch 
10.4 Expansions 
10.5 Other Key Strategies 

11 Company Profiling 
11.1 DNV GL Group AS 
11.2 ALS Limited 
11.3 Mistras 
11.4 Eurofins Scientific 
11.5 Element Materials Technology 
11.6 Dekra SE 
11.7 Bureau Veritas SA 
11.8 UL 
11.9 TUV Nord 
11.10 TUV Rheinland 
11.11 SGS 
11.12 Avomeen Analytical Services 
11.13 Envigo 
11.14 Intertek Group PLC 
11.15 Medistri 
11.16 Lloyd's Register 
11.17 Applus 
11.18 ASTM International 
11.19 AsureQuality Limited 

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Continued...                       

 

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Media Relations Contact

Norah Trent
Telephone: 1-646-845-9349
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