Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global
TIC market makes an offering of in-depth analysis of
segments and sub-segments in the regional and international TIC market. The research also emphasizes on the impact of
restraints, drivers, and macro indicators on the regional and global TIC market
over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of global TIC market is offered. In accordance with the report, the global TIC
market is projected to expand with the CAGR of 4.8%
over the period of forecast.
Market Insight, Drivers,
Restraints& Opportunity of the Market:
The Testing, Inspection and Certification (TIC) sector is rapidly
gaining its popularity from the past few decades. This sector is use to provide
services including testing, inspection, quality
assurance and the certification with the international
standers introduced by the various national standards organizations. The TIC
helps business entities to ensure the quality, health and safety, environmental
protection of the product, and different processes.
The growing acceptance of outsourcing service models across various
business entities is the primary factor that drive the growth of the TIC market
worldwide. The TIC consists of both in-house and outsourced services.
Additionally, rapid globalization and urbanization across emerging
countries are accelerating the growth of TIC market. The trending
implementation of demanding government regulations and standards across several
industry verticals is escalating the growth of the TIC market. Furthermore, increasing
Disposable Income in developed and underdeveloped countries are accelerating
the growth of the TIC market. On the other hand, variations of regulations and
standers according to the Geographies is expected to restrain the market
growth. Moreover, the growing adoption of TIC across the small and medium scale
enterprises are projected to create several growth opportunities in the market
growth over the forecast period.
Among the geographies, North America dominated the global TIC market in
2018. The growth in the North America region is due to the adoption of TIC in
industries such as automotive and medical sectors. Moreover, the growing
awareness about TIC in food and beverage Oil, Gas & The
chemical industry in North America is majorly contributing to market
growth. On the other hand, countries in Latin America such as Brazil are focusing
on the introduction of TIC services in the varies industry verticals.
Segment Covered:
This market
intelligence report on the global TIC market
encompasses market segments based on sourcing type, service type, applications
and country.
In terms of sourcing type, the global TIC market is segregated into:
·
In-House Services
·
Outsourcing services
By service type also classify into, the
global TIC market:
· Testing
· Inspection
· Certification
· Others
By application also classify into, the global
TIC market:
· Chemicals
· Consumer goods
· Construction and infrastructure
· Energy & Power
· Agriculture and Food
· Project Lifecycle Services
· Manufacturing industries
· Medical and Life Sciences
· Oil, Gas and Mining
· Automotive
· Others
By country/region, the global TIC market has been divided into:
· North America (the U.S., Canada),
· Latin America (Brazil, Mexico,
Argentina and other countries),
· Europe (Germany, France, the
U.K., Spain, Italy, Russia, and other countries),
· Asia Pacific (India, Japan,
China, Australia and New Zealand and other countries),
· Middle East and Africa (GCC,
South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
· ALS Limited
· Applus+
· Bureau Veritas,
· Dekra Se
· DNV Gl
· Eurofins Scientific
· Intertek
· Lloyd’s Register Group Limited
· Mistras
· SGS Group
· TUV Rheinland
Others players
have been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as TIC related investment & spending and
developments by major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that,
Growth Matrix analysis is also provided in the report so as to share insight of
the investment areas that new or existing market players can take into
consideration. Various analytical tools such as DRO analysis, Porter's five
forces analysis has been used in this report to present a clear picture of the
market. The study focuses on the present market trends and provides market
forecast from the year 2017-2027. Emerging trends that would shape the market
demand in the years to come have been highlighted in this report. A competitive
analysis in each of the geographical segments gives an insight into market
share of the global players.
Salient Features:
Ø
This study
offers comprehensive yet detailed analysis of the TIC market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2019 – 2027, taking into account 2018 as the base year
Ø
It explains
upcoming revenue opportunities across various market segments and attractive
matrix of investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market
opportunities, restraints, drivers, launch of new products, competitive market
strategies of leading market players, emerging market trends, and regional
outlook
Ø
Profiling of
key market players in the world TIC market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Bureau Veritas, Intertek, GS Group, Eurofins Scientific, Dekra Se , TUV Rheinland and others
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for TIC caters to the needs
of various stakeholders pertaining to this industry, namely suppliers,
manufacturers, investors, and distributors for TIC market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the TIC market
v
Identification
of key factors driving investment opportunities in the TIC market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants