A new market research report by Transparency Market Research on the global testing, inspection, and certification (T.I.C.) market presents a comprehensive overview of the market. The report, titled “Testing, Inspection and Certification (T.I.C.) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023,” assesses the size and valuation of this market, taking into consideration the various micro- and macro-economic factors impacting the growth of the market during the period between 2015 and 2023. The market has been studied across key regions. Profiles of major players in the market have been included in the report.
Testing, inspection, and certification (T.I.C.) companies offer services such as industrial inspection, quality and safety services, shipments valuation, product performance evaluation, and supplier evaluation to a wide range of industries. These services assure consumers as well as end-use industries regarding the quality of manufactured goods.
The report points out that the demand for testing, inspection, and certification services has increased worldwide due to the increased consumer awareness. Increasing globalization with the implementation of international laws and standards and the continuous introduction of new standards owing to technological advancements have contributed to the robust growth of the market. Improved risk awareness and an emphasis on risk prevention by consumers have also positively influenced the market’s growth.
On the basis of end-use, the report segments the global testing, inspection, and certification market into maritime, aerospace, automotive, automation, life sciences, electronics, and others. The report assesses the demand for TIC across each of these end-use industries and projects the growth of the market during the forecast period.
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The report studies the global TIC market across some of the key regions such as Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. Europe and North America are the two major regions in the global TIC market owing to the increased awareness of safety across various industrial sectors. In Asia Pacific, the market has a huge potential to grow during the forecast period due to rapidly developing industries such as automotive, automation, healthcare, electronics, aviation, pharmaceuticals, and medical devices in countries including Malaysia, China, India, Japan, and Australia. The TIC market in the Rest of the World is also growing at a significant rate. Regulatory proposals from various governments are expected to boost the growth of the overall market across South Korea, China, Brazil, the UAE, Saudi Arabia, and India.
Describing the competitive landscape, the report profiles some of the key players in the global TIC market such as Bureau Veritas S.A., British Standards Institution Group, TUV SUD Group, Compliance Engineering Pty Ltd., Eurofins Scientific, Dayton T. Brown Inc., DEKRA Certification Gmbh, Intertek Group PLC, ASTM International, SGA S.A., and Exova Group Plc. The report further provides insightful information about the key players including their company overview, business segmentation, product portfolio, regional presence, revenue, financial overview, and recent developments.