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| A09890 | Pages: 339 | Sep 2021 | 2271 Views | | |
| Author(s) : Divyanshi Tewari , Vineet Kumar | Tables: 140 | Charts: 84 |
| |
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Testing, Inspection And Certification (tic) Market
Request Now !The global testing, inspection and certification (TIC) market size was valued at $213.60 billion in 2020 and is projected to reach $349.27 billion by 2030 registering a CAGR of 5.3% from 2020 to 2030.
The emergence of COVID 19 has limited the growth of Global Testing, Inspection and Certification (TIC) Market in 2020 and is estimated to witness limited growth till the end of 2021 due to implementation partial and complete lockdown among countries to restrict the pandemic.
Testing, inspection and certification (TIC) are the services ranging from auditing and inspection, to testing, verification, quality assurance and certification of the product, equipment and more. These help in increasing efficiency of product and services, and minimizing risk. Testing, inspection and certification services are applicable in oil & gas, automotive, consumer electronics, and more sectors, thus growing the demand for testing, inspection and certification (TIC) industry globally.
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Increase in focus of manufacturing companies to improve customer retention by offering quality products and surge in demand for interoperability testing for connected devices and IoT drive the growth of the testing, inspection and certification (TIC) market. However, high cost of testing, inspection, certification services due to diverse standards and regulations across different geographies is expected to pose major threats for the testing, inspection and certification (TIC) market. Furthermore, digital transformation of customer services and rapid adoption of breakthrough technologies are expected to offer lucrative opportunities for the growth of the global testing, inspection and certification (TIC) market.
Increase in competition and low awareness among small scale manufactures are the key factors that hamper the growth of the testing, inspection and certification (TIC) market. Rise in awareness for need of testing, inspection and certification and surge in need of safety are the factors that are opportunistic for the testing, inspection and certification (TIC) market growth.
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The testing, inspection and certification market (TIC) is segmented on the basis of service type, sourcing type, application, end user and region. By service type, the testing, inspection and certification (TIC) market is divided into testing, inspection, and certification. By sourcing type, the market is bifurcated into in-house, and outsource. By application, the market is divided into quality & safety, production evaluation, industrial inspection, system certification, and others. By end user, the market is analyzed across consumer electronics, industrial, automotive & transportation, aerospace & defense, and others. Region-wise, the testing, inspection and certification (TIC) market is studied across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries.
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The key players profiled in this report include Bureau Veritas S.A, TuV Sud AGSGS S.A., Intertek Group Plc., TuV Rheinland AG Group, Mistras Group, Dekra SE, Eurofins Scientific SE, Lloyd’s Register Group Limited, ALS Limited. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaborations, to enhance their market penetration.
The ongoing spread of COVID-19 has become one of the biggest threats to the global economy and is causing widespread concerns and economic hardship for consumers, businesses, and communities across the globe. The “new normal” that includes social distancing and working from home has created challenges with daily activities, regular work, needs, and supplies, causing delayed initiatives and missed opportunities.
The COVID-19 pandemic is impacting the society and overall economy across the globe. The impact of this outbreak is growing day-by-day as well as affecting the supply chain. This creates uncertainty in the stock market, decreases business confidence, slows supply chain, and increases panic among customers. European countries under lockdown have suffered a major loss of business and revenue due to shutdown of manufacturing units in the region. Operations of production and manufacturing industries have been heavily impacted by the outbreak of COVID-19, which led to slowdown in growth of the testing, inspection, certification (TIC) market in 2020.
According to the testing, inspection and certification (TIC) market trends, the COVID-19 pandemic has severely impacted the global manufacturing and industrial sectors as production facilities have stalled, which, in turn, led to significant demand in industries.
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The emergence of COVID-19 has declined the growth of the testing, inspection, certification (TIC) market in 2020, and is estimated to witness slow growth till the end of 2021. Implementation of partial or complete lockdown across various countries globally is the prime reason for decline in growth rate. As industries were temporarily shut, it reduced the need for maintenance from various industries.
Notable factors positively affecting the growth of the testing, inspection, certification market include increasing focus of manufacturing companies to improve customer retention by offering quality products and surging demand for interoperability testing for connected devices and IoT. However, high cost of testing, inspection, certification services due to diverse standards and regulations across different geographies is expected to pose major threats for the growth of the testing, inspection, certification market. Furthermore, digital transformation of customer services and rapid adoption of breakthrough technologies are projected to offer lucrative opportunities for the market growth in the coming years.
Customer satisfaction, retention, reduced risk and costs are the important factors for companies and manufacturer which is achieved by ensuring quality product. Firms gain a competitive edge by following quality management standards and by gaining certifications offered by recognized and credible authorities, which help companies to improve their business creditability and overall efficiency.
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Moreover, governments encourage the use of certified products and services to ensure the safety of people. Also IC testing is in huge demand for safety of products and individual. For instance, food product companies in India having the FSSAI certification authenticate that their products are manufactured under strict regulations and are safe to consume. Therefore, manufacturing companies focus to deliver high-quality goods and services to sustain their market position has helped testing, inspection, certification players to expand almost in all industries, boosting the growth of the testing, inspection, certification (TIC) market and positively impacting the expansion of testing, inspection and certification (TIC) industry globally.
Difference in local regulations and standards are likely to create barriers to accepting products internationally due to international trades and businesses. Creating conflicts between the local and international standard, acting as a key hurdle for the market growth. Moreover, variations in regulatory standards across different geographies lead to discrepancies in tax rates, thereby incurring additional costs from companies.
Testing, inspection, certification companies are required to follow the local laws and abide by the regulations and norms of the operating countries, which hampers their efficiency negatively impacting the market growth. Also, the presence of multiple rules and regulations across different countries further increases the associated costs of TIC services. In addition, with changes in designs, features, and complexity of products, the manufacturing processes change. Leading to a constant change in prices and testing methods, which, in turn, increases the cost of testing, inspection, certification services. These factors majorly hamper the growth of the testing, inspection and certification (TIC) market.
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Key Benefits For Stakeholders
Key Market Segments
By Service Type
By Sourcing Type
By Application
By End User
By Region
CHAPTER 1:INTRODUCTION
1.1.REPORT DESCRIPTION
1.2.KEY BENEFITS FOR STAKEHOLDERS
1.3.KEY MARKET SEGMENTS
1.4.RESEARCH METHODOLOGY
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.KEY FINDINGS
2.1.1.Top impacting factors
2.1.2.Top investment pockets
2.2.CXO PERSPECTIVE
CHAPTER 3:MARKET OVERVIEW
3.1.MARKET DEFINITION AND SCOPE
3.2.PORTER’S FIVE FORCES ANALYSIS
3.3.PATENT ANALYSIS
3.3.1.By region (2020-2030)
3.3.2.By applicant
3.4.MARKET DYNAMICS
3.4.1.Drivers
3.4.1.1.Increasing focus of manufacturing companies to improve customer retention by offering quality products.
3.4.1.2.Surging demand for interoperability testing for connected devices and IoT.
3.4.2.Restraint
3.4.2.1.High cost of TIC services due to diverse standards and regulations across different geographies.
3.4.3.Opportunity
3.4.3.1.Digital transformation of customer services
3.5.COVID IMPACT
3.5.1.Impact on market size
3.5.2.End user trends, preferences, and budget impact
3.5.3.End user trends, preferences, and budget impact
3.5.4.Parent industry impact
3.5.5.Key player strategies to tackle negative impact
3.5.5.1.Limiting cuts to R&D expense
3.5.5.2.Focusing on next-generation products
3.5.5.3.Shifting toward agile supply chain model
3.5.6.Opportunity window
CHAPTER 4:TESTING, INSPECTION AND CERTIFICATION MARKET, BY SERVICE TYPE
4.1.OVERVIEW
4.2.TESTING
4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country
4.3.INSPECTION
4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country
4.4.CERTIFICATION
4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country
CHAPTER 5:TESTING, INSPECTION, CERTIFICATION MARKET, BY SOURCING TYPE
5.1.OVERVIEW
5.2.IN-HOUSE
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country
5.3.OUTSOURCE
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country
CHAPTER 6:TESTING, INSPECTION, CERTIFICATION MARKET, BY APPLICATION
6.1.OVERVIEW
6.2.QUALITY AND SAFETY
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country
6.3.PRODUCTION EVALUATION
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country
6.4.INDUSTRIAL INSPECTION
6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis, by country
6.5.SYSTEM CERTIFICATION
6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market analysis, by country
6.6.OTHERS
6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Market size and forecast, by region
6.6.3.Market analysis, by country
CHAPTER 7:TESTING, INSPECTION, CERTIFICATION MARKET, BY INDUSTRY VERTICAL
7.1.OVERVIEW
7.2.CONSUMER ELECTRONICS
7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by region
7.2.3.Market analysis, by country
7.3.INDUSTRIAL
7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by region
7.3.3.Market analysis, by country
7.4.AUTOMOTIVE & TRANSPORTATION
7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by region
7.4.3.Market analysis, by country
7.5.AEROSPACE & DEFENSE
7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by region
7.5.3.Market analysis, by country
7.6.OTHERS
7.6.1.Key market trends, growth factors, and opportunities
7.6.2.Market size and forecast, by region
7.6.3.Market analysis, by country
CHAPTER 8:TESTING, INSPECTION AND CERTIFICATION MARKET, BY REGION
8.1.OVERVIEW
8.2.NORTH AMERICA
8.2.1.Key market trends, growth factors, and opportunities
8.2.2.Market size and forecast, by service type
8.2.3.Market size and forecast, by sourcing type
8.2.4.Market size and forecast, by application
8.2.5.Market size and forecast, by industry vertical
8.2.6.Market analysis, by country
8.2.6.1.U.S.
8.2.6.1.1.Market size and forecast, by service type
8.2.6.1.2.Market size and forecast, by sourcing type
8.2.6.1.3.Market size and forecast, by application
8.2.6.1.4.Market size and forecast, by industry vertical
8.2.6.2.Canada
8.2.6.2.1.Market size and forecast, by sourcing type
8.2.6.2.2.Market size and forecast, by application
8.2.6.2.3.Market size and forecast, by application
8.2.6.2.4.Market size and forecast, by industry vertical
8.2.6.2.5.Mexico
8.2.6.2.6.Market size and forecast, by service type
8.2.6.2.7.Market size and forecast, by implementation
8.2.6.2.8.Market size and forecast, by application
8.2.6.2.9.Market size and forecast, by industry vertical
8.3.EUROPE
8.3.1.Key market trends, growth factors, and opportunities
8.3.2.Market size and forecast, by service type
8.3.3.Market size and forecast, by sourcing type
8.3.4.Market size and forecast, by application
8.3.5.Market size and forecast, by industry vertical
8.3.6.Market analysis, by country
8.3.6.1.UK
8.3.6.1.1.Market size and forecast, by service type
8.3.6.1.2.Market size and forecast, by implementation
8.3.6.1.3.Market size and forecast, by application
8.3.6.1.4.Market size and forecast, by industry vertical
8.3.6.2.Germany
8.3.6.2.1.Market size and forecast, by service type
8.3.6.2.2.Market size and forecast, by implementation
8.3.6.2.3.Market size and forecast, by application
8.3.6.2.4.Market size and forecast, by industry vertical
8.3.6.3.France
8.3.6.3.1.Market size and forecast, by service type
8.3.6.3.2.Market size and forecast, by implementation
8.3.6.3.3.Market size and forecast, by application
8.3.6.3.4.Market size and forecast, by industry vertical
8.3.6.4.Rest of Europe
8.3.6.4.1.Market size and forecast, by service type
8.3.6.4.2.Market size and forecast, by implementation
8.3.6.4.3.Market size and forecast, by application
8.3.6.4.4.Market size and forecast, by industry vertical
8.4.ASIA-PACIFIC
8.4.1.Key market trends, growth factors, and opportunities
8.4.2.Market size and forecast, by service type
8.4.3.Market size and forecast, by sourcing type
8.4.4.Market size and forecast, by application
8.4.5.Market size and forecast, by industry vertical
8.4.6.Market analysis, by country
8.4.6.1.China
8.4.6.1.1.Market size and forecast, by service type
8.4.6.1.2.Market size and forecast, by sourcing type
8.4.6.1.3.Market size and forecast, by application
8.4.6.1.4.Market size and forecast, by industry vertical
8.4.6.2.Japan
8.4.6.2.1.Market size and forecast, by service type
8.4.6.2.2.Market size and forecast, by sourcing type
8.4.6.2.3.Market size and forecast, by application
8.4.6.2.4.Market size and forecast, by industry vertical
8.4.6.3.India
8.4.6.3.1.Market size and forecast, by service type
8.4.6.3.2.Market size and forecast, by sourcing type
8.4.6.3.3.Market size and forecast, by application
8.4.6.3.4.Market size and forecast, by industry vertical
8.4.6.4.South Korea
8.4.6.4.1.Market size and forecast, by service type
8.4.6.4.2.Market size and forecast, by sourcing type
8.4.6.4.3.Market size and forecast, by application
8.4.6.4.4.Market size and forecast, by industry vertical
8.4.6.5.Rest of Asia-Pacific
8.4.6.5.1.Market size and forecast, by service type
8.4.6.5.2.Market size and forecast, by sourcing type
8.4.6.5.3.Market size and forecast, by application
8.4.6.5.4.Market size and forecast, by industry vertical
8.5.LAMEA
8.5.1.Key market trends, growth factors, and opportunities
8.5.2.Market size and forecast, by service type
8.5.3.Market size and forecast, by sourcing type
8.5.4.Market size and forecast, by application
8.5.5.Market size and forecast, by industry vertical
8.5.6.Market analysis, by country
8.5.6.1.Latin America
8.5.6.1.1.Market size and forecast, by service type
8.5.6.1.2.Market size and forecast, by sourcing type
8.5.6.1.3.Market size and forecast, by application
8.5.6.1.4.Market size and forecast, by industry vertical
8.5.6.2.Middle East
8.5.6.2.1.Market size and forecast, by service type
8.5.6.2.2.Market size and forecast, by sourcing type
8.5.6.2.3.Market size and forecast, by application
8.5.6.2.4.Market size and forecast, by industry vertical
8.5.6.3.Africa
8.5.6.3.1.Market size and forecast, by service type
8.5.6.3.2.Market size and forecast, by sourcing type
8.5.6.3.3.Market size and forecast, by application
8.5.6.3.4.Market size and forecast, by industry vertical
CHAPTER 9:COMPETITIVE LANDSCAPE
9.1.INTRODUCTION
9.1.1.Market player positioning, 2019
9.2.TOP WINNING STRATEGIES
9.2.1.Top winning strategies, by year
9.2.2.Top winning strategies, by development
9.2.3.Top winning strategies, by company
9.3.COMPETITIVE DASHBOARD
9.4.COMPETITIVE HEATMAP
CHAPTER 10:COMPANY PROFILES
10.1.ALS LIMITED
10.1.1.Company overview
10.1.2.Key executives
10.1.3.Company snapshot
10.1.4.Operating business segments
10.1.5.Product portfolio
10.1.6.Business performance
10.1.7.Key strategic moves and developments
10.2.BUREAU VERITAS S.A
10.2.1.Company overview
10.2.2.Key executives
10.2.3.Company snapshot
10.2.4.Operating business segments
10.2.5.Product portfolio
10.2.6.R&D expenditure
10.2.7.Business performance
10.3.DEKRA E.V. (DEKRA SE)
10.3.1.Company overview
10.3.2.Key executives
10.3.3.Company snapshot
10.3.4.Product portfolio
10.3.5.Business performance
10.4.EUROFINS SCIENTIFIC SE
10.4.1.Company overview
10.4.2.Key executives
10.4.3.Company snapshot
10.4.4.Product portfolio
10.4.5.Business performance
10.4.6.Key strategic moves and developments
10.5.INTERTEK GROUP PLC
10.5.1.Company overview
10.5.2.Key executives
10.5.3.Company snapshot
10.5.4.Operating business segments
10.5.5.Product portfolio
10.5.6.R&D expenditure
10.5.7.Business performance
10.5.8.Key strategic moves and developments
10.6.LLOYD’S REGISTER GROUP LIMITED
10.6.1.Company overview
10.6.2.Key executives
10.6.3.Company snapshot
10.6.4.Product portfolio
10.6.5.Key strategic moves and developments
10.7.MISTRAS GROUP, INC.
10.7.1.Company overview
10.7.2.Key executives
10.7.3.Company snapshot
10.7.4.Operating business segments
10.7.5.Product portfolio
10.7.6.R&D expenditure
10.7.7.Business performance
10.7.8.Key strategic moves and developments
10.8.SGS S.A.
10.8.1.Company overview
10.8.2.Key executives
10.8.3.Company snapshot
10.8.4.Product portfolio
10.8.5.Business performance
10.8.6.Key strategic moves and developments
10.9.TUV RHEINLAND AG GROUP
10.9.1.Company overview
10.9.2.Key executives
10.9.3.Company snapshot
10.9.4.Operating business segments
10.9.5.Product portfolio
10.9.6.Key strategic moves and developments
10.10.TUV SUD AG
10.10.1.Company overview
10.10.2.Key executives
10.10.3.Company snapshot
10.10.4.Operating business segments
10.10.5.Product portfolio
10.10.6.R&D expenditure
10.10.7.Business performance
10.10.8.Key strategic moves and developments
LIST OF TABLES
TABLE 01.TESTING, INSPECTION, CERTIFICATION MARKET SHARE, BY SERVICE TYPE, 2020–2030 ($MILLION)
TABLE 02.TESTING, INSPECTION, CERTIFICATION MARKET FOR TESTING, BY REGION, 2020-2030 ($MILLION)
TABLE 03.TESTING, INSPECTION, CERTIFICATION MARKET SHARE FOR INSPECTION, BY REGION 2020-2030 ($MILLION)
TABLE 04.TESTING, INSPECTION, CERTIFICATION MARKET SHARE FOR CERTIFICATION, BY REGION 2020-2030 ($MILLION)
TABLE 05.TESTING, INSPECTION, CERTIFICATION MARKET SHARE FOR IN-HOUSE, BY REGION, 2020-2030 ($MILLION)
TABLE 06.TESTING, INSPECTION, CERTIFICATION MARKET SHARE FOR OUTSOURCE, BY REGION 2020-2028 ($MILLION)
TABLE 07.TESTING, INSPECTION, CERTIFICATION MARKET SHARE, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 08.MACHINE SAFETY MARKET FOR QUALITY AND SAFETY, BY REGION 2020-2030 ($MILLION)
TABLE 09.MACHINE SAFETY MARKET FOR PRODUCTION EVALUATION, BY REGION 2020-2030 ($MILLION)
TABLE 10.MACHINE SAFETY MARKET FOR INDUSTRIAL INSPECTION, BY REGION 2020-2030 ($MILLION)
TABLE 11.MACHINE SAFETY MARKET FOR SYSTEM CERTIFICATION, BY REGION 2020-2030 ($MILLION)
TABLE 12.MACHINE SAFETY MARKET FOR OTHERS, BY REGION 2020-2030 ($MILLION)
TABLE 13.MACHINE SAFETY MARKET SHARE, BY INDUSTRY VERTICAL, 2020-2030 ($MILLION)
TABLE 14.TESTING, INSPECTION AND CERTIFICATION MARKET FOR CONSUMER ELECTRONICS, BY REGION 2020-2030 ($MILLION)
TABLE 15.TESTING, INSPECTION AND CERTIFICATION MARKET FOR INDUSTRIAL, BY REGION 2020-2030 ($MILLION)
TABLE 16.TESTING, INSPECTION AND CERTIFICATION MARKET FOR AUOTOMOTIVE & TRANSPORTATION, BY REGION 2020-2030 ($MILLION)
TABLE 17.TESTING, INSPECTION AND CERTIFICATION MARKET FOR AEROSPACE & DEFENSE, BY REGION 2020-2030 ($MILLION)
TABLE 18.TESTING, INSPECTION AND CERTIFICATION MARKET FOR OTHER , BY REGION 2020-2030 ($MILLION)
TABLE 19.TESTING, INSPECTION AND CERTIFICATION MARKET REVENUE, BY REGION, 2020–2030 ($MILLION)
TABLE 20.NORTH AMERICA TESTING, INSPECTION AND CERTIFICATION MARKET, BY SERVICE TYPE, 2020–2030 ($MILLION)
TABLE 21.NORTH AMERICA TESTING, INSPECTION AND CERTIFICATION MARKET, BY SOURCING TYPE, 2020–2030 ($MILLION)
TABLE 22.NORTH AMERICA TESTING, INSPECTION AND CERTIFICATION MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 23.NORTH AMERICA TESTING, INSPECTION AND CERTIFICATION MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 24.U.S. TESTING, INSPECTION, CERTIFICATION MARKET, BY SERVICE TYPE, 2020–2030 ($MILLION)
TABLE 25.U.S. TESTING, INSPECTION, CERTIFICATION MARKET, BY SOURCING TYPE, 2020–2030 ($MILLION)
TABLE 26.U.S. TESTING, INSPECTION, CERTIFICATION MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 27.U.S. TESTING, INSPECTION, CERTIFICATION MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 28.CANADA TESTING, INSPECTION, CERTIFICATION MARKET, BY SERVICE TYPE, 2020–2030 ($MILLION)
TABLE 29.CANADA TESTING, INSPECTION, CERTIFICATION MARKET, BY SOURCING TYPE, 2020–2030 ($MILLION)
TABLE 30.U.S. TESTING, INSPECTION, CERTIFICATION MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 31.CANADA TESTING, INSPECTION, CERTIFICATION MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 32.CANADA TESTING, INSPECTION, CERTIFICATION MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 33.TESTING, INSPECTION, CERTIFICATION MARKET, BY SERVICE TYPE 2020–2030 ($MILLION)
TABLE 34.MEXICO TESTING, INSPECTION AND CERTIFICATION MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 35.MEXICO TESTING, INSPECTION, CERTIFICATION MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 36.MEXICO TESTING, INSPECTION, CERTIFICATION MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 37.EUROPE TESTING, INSPECTION AND CERTIFICATION MARKET, BY SERVICE TYPE, 2020–2030 ($MILLION)
TABLE 38.EUROPE TESTING, INSPECTION AND CERTIFICATION MARKET, BY SOURCING TYPE, 2020–2030 ($MILLION)
TABLE 39.EUROPE TESTING, INSPECTION AND CERTIFICATION MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 40.EUROPE TESTING, INSPECTION AND CERTIFICATION MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 41.TESTING, INSPECTION, CERTIFICATION MARKET, BY SERVICE TYPE 2020–2030 ($MILLION)
TABLE 42.UK TESTING, INSPECTION AND CERTIFICATION MARKET, BY SOURCING TYPE, 2020–2030 ($MILLION)
TABLE 43.UK TESTING, INSPECTION, CERTIFICATION MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 44.UK TESTING, INSPECTION, CERTIFICATION MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 45.GERMANY TESTING, INSPECTION, CERTIFICATION MARKET, BY SERVICE TYPE 2020–2030 ($MILLION)
TABLE 46.GERMANY TESTING, INSPECTION AND CERTIFICATION MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 47.GERMANY TESTING, INSPECTION, CERTIFICATION MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 48.GERMANY TESTING, INSPECTION, CERTIFICATION MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 49.FRANCE TESTING, INSPECTION, CERTIFICATION MARKET, BY SERVICE TYPE 2020–2030 ($MILLION)
TABLE 50.FRANCE TESTING, INSPECTION AND CERTIFICATION MARKET, BY SOURCING TYPE, 2020–2030 ($MILLION)
TABLE 51.FRANCE TESTING, INSPECTION, CERTIFICATION MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 52.FRANCE TESTING, INSPECTION, CERTIFICATION MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 53.FRANCE TESTING, INSPECTION, CERTIFICATION MARKET, BY SERVICE TYPE 2020–2030 ($MILLION)
TABLE 54.REST OF EUROPE TESTING, INSPECTION AND CERTIFICATION MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 55.REST OF EUROPE TESTING, INSPECTION, CERTIFICATION MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 56.REST OF EUROPE TESTING, INSPECTION, CERTIFICATION MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 57.ASIA-PACIFIC MAHINE SAFETY MARKET, BY SERVICE TYPE, 2020–2030 ($MILLION)
TABLE 58.ASIA-PACIFIC TESTING, INSPECTION AND CERTIFICATION MARKET, BY SOURCING TYPE, 2020–2030 ($MILLION)
TABLE 59.ASIA-PACIFIC TESTING, INSPECTION AND CERTIFICATION MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 60.ASIA-PACIFIC TESTING, INSPECTION AND CERTIFICATION MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 61.CHINA TESTING, INSPECTION, CERTIFICATION MARKET, BY SERVICE TYPE 2020–2030 ($MILLION)
TABLE 62.CHINA SOURCING TYPE TESTING, INSPECTION, CERTIFICATION MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 63.CHINA TESTING, INSPECTION, CERTIFICATION MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 64.CHINA TESTING, INSPECTION, CERTIFICATION MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 65.JAPAN TESTING, INSPECTION, CERTIFICATION MARKET, BY SERVICE TYPE 2020–2030 ($MILLION)
TABLE 66.JAPAN SOURCING TYPE TESTING, INSPECTION, CERTIFICATION MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 67.JAPAN TESTING, INSPECTION, CERTIFICATION MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 68.JAPAN TESTING, INSPECTION, CERTIFICATION MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 69.INDIA TESTING, INSPECTION, CERTIFICATION MARKET, BY SERVICE TYPE 2020–2030 ($MILLION)
TABLE 70.INDIA SOURCING TYPE TESTING, INSPECTION, CERTIFICATION MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 71.INDIA TESTING, INSPECTION, CERTIFICATION MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 72.INDIA TESTING, INSPECTION, CERTIFICATION MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 73.SOUTH KOREA TESTING, INSPECTION, CERTIFICATION MARKET, BY SERVICE TYPE 2020–2030 ($MILLION)
TABLE 74.SOUTH KOREA SOURCING TYPE TESTING, INSPECTION, CERTIFICATION MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 75.SOUTH KOREA TESTING, INSPECTION, CERTIFICATION MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 76.SOUTH KOREA TESTING, INSPECTION, CERTIFICATION MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 77.REST OF ASIA-PACIFIC TESTING, INSPECTION, CERTIFICATION MARKET, BY SERVICE TYPE 2020–2030 ($MILLION)
TABLE 78.REST OF ASIA-PACIFIC SOURCING TYPE TESTING, INSPECTION, CERTIFICATION MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 79.REST OF ASIA-PACIFIC TESTING, INSPECTION, CERTIFICATION MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 80.REST OF ASIA-PACIFIC TESTING, INSPECTION, CERTIFICATION MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 81.LAMEA TESTING, INSPECTION AND CERTIFICATION MARKET, BY SERVICE TYPE, 2020–2030 ($MILLION)
TABLE 82.LAMEA TESTING, INSPECTION AND CERTIFICATION MARKET, BY SOURCING TYPE, 2020–2030 ($MILLION)
TABLE 83.LAMEA TESTING, INSPECTION AND CERTIFICATION MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 84.LAMEA TESTING, INSPECTION AND CERTIFICATION MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 85.LATIN AMERICA TESTING, INSPECTION, CERTIFICATION MARKET, BY SERVICE TYPE 2020–2030 ($MILLION)
TABLE 86.LATIN AMERICA SOURCING TYPE TESTING, INSPECTION, CERTIFICATION MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 87.LATIN AMERICA TESTING, INSPECTION AND CERTIFICATION MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 88.LATIN AMERICA TESTING, INSPECTION AND CERTIFICATION MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 89.MIDDLE EAST TESTING, INSPECTION, CERTIFICATION MARKET, BY SERVICE TYPE 2020–2030 ($MILLION)
TABLE 90.MIDDLE EAST SOURCING TYPE TESTING, INSPECTION, CERTIFICATION MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 91.MIDDLE EAST TESTING, INSPECTION AND CERTIFICATION MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 92.MIDDLE EAST TESTING, INSPECTION AND CERTIFICATION MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 93.AFRICA TESTING, INSPECTION, CERTIFICATION MARKET, BY SERVICE TYPE 2020–2030 ($MILLION)
TABLE 94.AFRICA SOURCING TYPE TESTING, INSPECTION, CERTIFICATION MARKET, BY IMPLEMENTATION, 2020–2030 ($MILLION)
TABLE 95.AFRICA TESTING, INSPECTION AND CERTIFICATION MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 96.AFRICA TESTING, INSPECTION AND CERTIFICATION MARKET, BY INDUSTRY VERTICAL, 2020–2030 ($MILLION)
TABLE 97.ALS LIMITED:KEY EXECUTIVES
TABLE 98.ALS LIMITED: COMPANY SNAPSHOT
TABLE 99.ALS LIMITED: OPERATING SEGMENTS
TABLE 100.ALS LIMITED: PRODUCT PORTFOLIO
TABLE 101.ALS LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 102.BUREAU VERITAS S.A:KEY EXECUTIVES
TABLE 103.BUREAU VERITAS S.A: COMPANY SNAPSHOT
TABLE 104.BUREAU VERITAS S.A: OPERATING SEGMENTS
TABLE 105.BUREAU VERITAS S.A: PRODUCT PORTFOLIO
TABLE 106.DEKRA E.V.:KEY EXECUTIVES
TABLE 107.DEKRA E.V.: COMPANY SNAPSHOT
TABLE 108.DEKRA SE: PRODUCT PORTFOLIO
TABLE 109.EUROFINS SCIENTIFIC SE:KEY EXECUTIVES
TABLE 110.EUROFINS SCIENTIFIC SE: COMPANY SNAPSHOT
TABLE 111.EUROFINS SCIENTIFIC SE: PRODUCT PORTFOLIO
TABLE 112.EUROFINS SCIENTIFIC SE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 113.INTERTEK GROUP PLC:KEY EXECUTIVES
TABLE 114.INTERTEK GROUP PLC: COMPANY SNAPSHOT
TABLE 115.INTERTEK GROUP PLC: OPERATING SEGMENTS
TABLE 116.INTERTEK GROUP PLC: PRODUCT PORTFOLIO
TABLE 117.INTERTEK GROUP PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 118.LLOYD’S REGISTER GROUP LIMITED:KEY EXECUTIVES
TABLE 119.LLOYD’S REGISTER GROUP LIMITED: COMPANY SNAPSHOT
TABLE 120.LLOYD’S REGISTER GROUP LIMITED: PRODUCT PORTFOLIO
TABLE 121.LLOYD’S REGISTER GROUP LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 122.MISTRAS GROUP, INC.:KEY EXECUTIVES
TABLE 123.MISTRAS GROUP, INC.: COMPANY SNAPSHOT
TABLE 124.MISTRAS GROUP, INC.: OPERATING SEGMENTS
TABLE 125.MISTRAS GROUP, INC.: PRODUCT PORTFOLIO
TABLE 126.MISTRAS GROUP, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 127.SGS S.A.:KEY EXECUTIVES
TABLE 128.SGS S.A.: COMPANY SNAPSHOT
TABLE 129.SGS S.A.: PRODUCT PORTFOLIO
TABLE 130.SGS S.A.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 131.TUV RHEINLAND AG GROUP:KEY EXECUTIVES
TABLE 132.TUV RHEINLAND AG GROUP: COMPANY SNAPSHOT
TABLE 133.TUV RHEINLAND AG GROUP: OPERATING SEGMENTS
TABLE 134.TUV RHEINLAND AG GROUP: PRODUCT PORTFOLIO
TABLE 135.TUV RHEINLAND AG GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 136.TUV SUD AG:KEY EXECUTIVES
TABLE 137.TUV SUD AG: COMPANY SNAPSHOT
TABLE 138.TUV SUD AG: OPERATING SEGMENTS
TABLE 139.TUV SUD AG: PRODUCT PORTFOLIO
TABLE 140.TUV SUD AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY, BY SEGMENTATION
FIGURE 03.EXECUTIVE SUMMARY, BY REGION
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 07.HIGH THREAT OF NEW ENTRANTS
FIGURE 08.MODERATE TO HIGH THREAT OF SUBSTITUTES
FIGURE 09.MODERATE TO HIGH INTENSITY OF RIVALRY
FIGURE 10.MODERATE BARGAINING POWER OF BUYERS
FIGURE 11.PATENT ANALYSIS, BY COUNTRY
FIGURE 12.PATENT ANALYSIS, BY APPLICANT
FIGURE 13.TESTING, INSPECTION, CERTIFICATION MARKET SHARE, BY SERVICE TYPE, 2020–2030 (%)
FIGURE 14.COMPARATIVE SHARE ANALYSIS TESTING, INSPECTION, CERTIFICATION MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS TESTING, INSPECTION, CERTIFICATION MARKET FOR INSPECTION, BY COUNTRY, 2020 & 2030 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS TESTING, INSPECTION, CERTIFICATION MARKET, BY COUNTRY, 2020 & 2030 (%)
FIGURE 17.TESTING, INSPECTION, CERTIFICATION MARKET SHARE, BY SOURCING TYPE, 2020–2030 (%)
FIGURE 18.TESTING, INSPECTION, CERTIFICATION SHARE, BY SOURCING TYPE, 2020-2030 ($MILLION)
FIGURE 19.COMPARATIVE SHARE ANALYSIS TESTING, INSPECTION, CERTIFICATION MARKET FOR IN-HOUSE, BY COUNTRY, 2020 & 2030 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS TESTING, INSPECTION, CERTIFICATION MARKET FOR OUTSOURCCE SYSTEM, BY COUNTRY, 2020 & 2030 (%)
FIGURE 21.TESTING, INSPECTION, CERTIFICATION MARKET SHARE, BY APPLICATION, 2020–2030 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS MACHINE SAFETY MARKET FOR QUALITY AND SAFETY, BY COUNTRY, 2020 & 2030 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS MACHINE SAFETY MARKET FOR PRODUCTION EVALUATION, BY COUNTRY, 2020 & 2030 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS MACHINE SAFETY MARKET FOR INDUSTRIAL INSPECTION, BY COUNTRY, 2020 & 2030 (%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS MACHINE SAFETY MARKET FOR SYSTEM CERTIFICATION, BY COUNTRY, 2020 & 2030 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS MACHINE SAFETY MARKET FOR OTHERS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 27.MACHINE SAFETY MARKET SHARE, BY INDUSTRY VERTICAL, 2020–2030 (%)
FIGURE 28.COMPARATIVE SHARE ANALYSIS TESTING, INSPECTION AND CERTIFICATION MARKET FOR CONSUMER ELECTRONICS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 29.COMPARATIVE SHARE ANALYSIS TESTING, INSPECTION AND CERTIFICATION MARKET FOR INDUSTRIAL, BY COUNTRY, 2020 & 2030 (%)
FIGURE 30.COMPARATIVE SHARE ANALYSIS TESTING, INSPECTION AND CERTIFICATION MARKET FOR AUOTOMOTIVE & TRANSPORTATION, BY COUNTRY, 2020 & 2030 (%)
FIGURE 31.COMPARATIVE SHARE ANALYSIS TESTING, INSPECTION AND CERTIFICATION MARKET FOR AEROSPACE & DEFENSE, BY COUNTRY, 2020 & 2030 (%)
FIGURE 32.COMPARATIVE SHARE ANALYSIS TESTING, INSPECTION AND CERTIFICATION MARKET FOR OTHER, BY COUNTRY, 2020 & 2030 (%)
FIGURE 33.TESTING, INSPECTION AND CERTIFICATION MARKET, BY REGION, 2020-2030 (%)
FIGURE 34.COMPARATIVE SHARE ANALYSIS OF NORTH AMERICA TESTING, INSPECTION AND CERTIFICATION MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 35.U.S. TESTING, INSPECTION AND CERTIFICATION MARKET, 2020–2030 ($MILLION)
FIGURE 36.CANADA TESTING, INSPECTION, CERTIFICATION MARKET, 2020–2030 ($MILLION)
FIGURE 37.MEXICO TESTING, INSPECTION, CERTIFICATION MARKET, 2020–2030 ($MILLION)
FIGURE 38.COMPARATIVE SHARE ANALYSIS OF EUROPE TESTING, INSPECTION AND CERTIFICATION MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 39.TESTING, INSPECTION, CERTIFICATION MARKET, 2020–2030 ($MILLION)
FIGURE 40.GERMANY TESTING, INSPECTION AND CERTIFICATION MARKET, 2020–2030 ($MILLION)
FIGURE 41.FRANCE TESTING, INSPECTION AND CERTIFICATION MARKET, 2020–2030 ($MILLION)
FIGURE 42.REST OF EUROPE TESTING, INSPECTION AND CERTIFICATION MARKET, 2020–2030 ($MILLION)
FIGURE 43.COMPARATIVE SHARE ANALYSIS OF ASIA-PACIFIC TESTING, INSPECTION AND CERTIFICATION MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 44.CHINA TESTING, INSPECTION AND CERTIFICATION MARKET, 2020–2028 ($MILLION)
FIGURE 45.JAPAN TESTING, INSPECTION, CERTIFICATION MARKET, 2020–2030 ($MILLION)
FIGURE 46.INDIA TESTING, INSPECTION AND CERTIFICATION MARKET, 2020–2030 ($MILLION)
FIGURE 47.SINGAPORE TESTING, INSPECTION AND CERTIFICATION MARKET, 2020–2030 ($MILLION)
FIGURE 48.REST OF ASIA-PACIFIC TESTING, INSPECTION AND CERTIFICATION MARKET, 2020–2030 ($MILLION)
FIGURE 49.COMPARATIVE SHARE ANALYSIS OF LAMEA TESTING, INSPECTION AND CERTIFICATION MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 50.LATIN AMERICA TESTING, INSPECTION AND CERTIFICATION MARKET, 2020–2028 ($MILLION)
FIGURE 51.MIDDLE EAST TESTING, INSPECTION AND CERTIFICATION MARKET, 2020–2028 ($MILLION)
FIGURE 52.AFRICA TESTING, INSPECTION AND CERTIFICATION MARKET, 2020–2030 ($MILLION)
FIGURE 53.MARKET PLAYER POSITIONING, 2019
FIGURE 54.TOP WTOP WINNING STRATEGIES, BY YEAR, 2018–2021
FIGURE 55.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018–2021 (%)
FIGURE 56.TOP WINNING STRATEGIES, BY COMPANY, 2018–2021
FIGURE 57.COMPETITIVE DASHBOARD
FIGURE 58.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 59.ALS LIMITED: REVENUE, 2018–2020 ($MILLION)
FIGURE 60.ALS LIMITED: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 61.ALS LIMITED: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 62.BUREAU VERITAS S.A: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 63.BUREAU VERITAS S.A: NET SALES, 2018–2020 ($MILLION)
FIGURE 64.BUREAU VERITAS S.A: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 65.BUREAU VERITAS S.A: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 66.DEKRA E.V.: REVENUE, 2018–2020 ($MILLION)
FIGURE 67.DEKRA E.V.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 68.DEKRA E.V.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 69.EUROFINS SCIENTIFIC SE: REVENUE, 2018–2020 ($MILLION)
FIGURE 70.EUROFINS SCIENTIFIC SE: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 71.INTERTEK GROUP PLC: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 72.INTERTEK GROUP PLC: REVENUE, 2018–2020 ($MILLION)
FIGURE 73.INTERTEK GROUP PLC: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 74.INTERTEK GROUP PLC: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 75.MISTRAS GROUP, INC.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 76.MISTRAS GROUP, INC.: REVENUE, 2018–2020 ($MILLION)
FIGURE 77.MISTRAS GROUP, INC.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 78.MISTRAS GROUP, INC.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 79.SGS S.A.: REVENUE, 2018–2020 ($MILLION)
FIGURE 80.SGS S.A.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 81.TUV SUD AG: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 82.TUV SUD AG: REVENUE, 2018–2020 ($MILLION)
FIGURE 83.TUV SUD AG: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 84.TUV SUD AG: REVENUE SHARE, BY REGION, 2020 (%)
The testing, inspection, certification (TIC) market is competitive, owing to strong presence of existing vendors. TIC companies, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals as they have the capacity to cater to the market requirements. The competitive environment in TIC market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by firms.
The TIC market holds a substantial scope for growth on a global scale. Its contribution to the market is anticipated to increase significantly during the forecast period. Recent discoveries and innovations have created vast opportunities for numerous players to step in the TIC market.
Increase in focus of manufacturing companies to improve customer retention by offering quality products and surge in demand for interoperability testing for connected devices and IoT drive the market growth. High cost of TIC services due to diverse standards and regulations across different geographies is the biggest limitation for the market growth.
Surge in competition and reduced awareness among small scale manufactures are the key factors that hamper the growth of the market. Increase in awareness for need of TIC and rise in concern for safety and quality are the factors opportunistic for the TIC market growth.
A. The testing, Inspection and certification (TIC) Market is estimated to grow at a CAGR of 5.3% from 2021 to 2030.
A. The testing, Inspection and certification (TIC) Market is projected to reach $349.27 billion by 2030.
A. To get the latest version of sample report
A. Factors such as Increase in focus of manufacturing companies to improve customer retention by offering quality products and surge in demand for interoperability testing for connected devices and IoT drives the growth of the testing, Inspection and certification (TIC) market
A. The key players profiled in the report include Bureau Veritas S.A, TuV Sud AGSGS S.A., Intertek Group Plc., TuV Rheinland AG Group, Mistras Group, Dekra SE, Eurofins Scientific SE, Lloyd’s Register Group Limited, ALS Limited, and many more.
A. On the basis of top growing big corporations, we select top 10 players.
A. The testing, Inspection and certification (TIC) Market is segmented on the basis ofservice type, sourcing type, application, end user, and region.
A. The key growth strategies of testing, Inspection and certification (TIC) market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.
A. Automotive & Transportation Segment holds a dominant position throughout the forecast period.
A. subsegments of sourcing type are in-house, and outsource.
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