Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Testing,
Inspection & Certification (T.I.C) Market makes an offering of in-depth
analysis of segments and sub-segments in the regional and international Testing,
Inspection & Certification (T.I.C) Market. The research also emphasizes on
the impact of restraints, drivers, and macro indicators on the regional and global
Testing, Inspection & Certification (T.I.C) Market over the short as well
as long period of time. A detailed presentation of forecast, trends, and dollar
values of global Testing, Inspection & Certification (T.I.C) Market is
offered. In accordance with the report, the global Testing, Inspection &
Certification (T.I.C) Market is projected to expand at a CAGR of 2.3% over the period
of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
In order to
ensure that the infrastructure, products and services are in line with the
standards and regulations related to safety and quality, industries avail the
services provided by Testing, Inspection and Certification market.
With an increase
in number of safety breach incidents, like the diesel emission scandal by
Volkswagen and Chinese milk scandals (wherein melamine was found in formula
milk), Government of many emerging nations have strict rules about testing and
inspection. Also, it is mandatory for many industries like oil and gas to have
the inspection and testing done at regular intervals. Also, there has been a
considerable rise in the export and import activities in many developing and
developed regions, in the past few years. As such, many industries like
consumer electronics, agriculture, automotive etc. are expected to provide more
scope for the Testing, Inspection and Certification Services. In order to
ensure that the quality and safety standards are met of the import
destinations, many organizations have adopted the TIC services. All these
factors are key drivers for the growth of this market in the forecast period.
With the
development of local industries and an acceleration in exports in countries
like India, China and Japan, the region of Asia Pacific is anticipated to hold
major share in the Testing, Inspection and Certification market in the forecast
period. However, companies globally are trying on strategic collaborative
initiatives to increase their profitability and thereby increase their market
share. Companies are introducing technologies such as big data to offer digital
inspection and predictive maintenance, in order to sustain the competitive
market.
The recent
outbreak of Covid 19 has brought about varying effects on many industries. The
global economy has been affected in various ways like demand and production,
disruption in market thereby disturbing the supply chain and has majorly
impacted the financial side of business. Testing, Inspection and Certification
market is also expected to experience a slow movement in sectors like
transportation and manufacturing, as these industries has been severely
impacted by the lockdown strategy. However, TIC marker is playing a crucial
role by assuring that the products and services offered by healthcare sector,
to the customers are compliant with the safety and healthy requirement.
Segment Covered:
This market
intelligence report on the global Testing, Inspection & Certification
(T.I.C) Market encompasses market segments based on product type, application
and country/regions.
In terms of Service type, the global Testing,
Inspection & Certification (T.I.C) Market is segregated into:
§ Testing & Inspection Service
§ Certification Service
By Sourcing type, the global Testing,
Inspection & Certification (T.I.C) Market is also classified into :
§ Outsourced
§ In-House
By End-User, the global Testing, Inspection
& Certification (T.I.C)
Market is also classified into :
§ Consumer Goods and Retail
§ Agriculture and Food
§ Chemicals
§ Construction and Infrastructure
§ Energy and Power
§ Industrial manufacturing
§ Medical and Life Sciences
§ Mining
§ Oil & Gas and Petroleum
§ Public Sector
§ Automotive
§ Aerospace
§ Marine
§ Railways
§ Supply Chain and Logistics
§ IT and Telecommunications
§ Sports & Entertainment
By country/region, the global Testing, Inspection &
Certification (T.I.C) 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
§ Sgs Group
§ Bureau Veritas
§ Intertek
§ Dekra Se
§ Eurofins Scientific
§ Tüv Süd
§ Dnv Gl
§ Tüv Rheinland
§ Applus+
§ Als Limited
§ Tüv Nord Group
§ Lloyd’s Register Group Limited
§ Mistras
§ Element Materials Technology
§ Ul Llc
Others players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Testing, Inspection & Certification (T.I.C) 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 2020-2028. 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 Testing, Inspection & Certification (T.I.C) Market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account
2019 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 Testing,
Inspection & Certification (T.I.C) 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 Intertek Group, SGS
SA, Bureau Veritas, DNV, Eurofins Scientific and many more.
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 Testing,
Inspection & Certification (T.I.C) Market caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Testing, Inspection & Certification (T.I.C) 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 Testing, Inspection & Certification (T.I.C) Market
v
Identification
of key factors driving investment opportunities in the Testing, Inspection
& Certification (T.I.C) 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