DUBLIN--(BUSINESS WIRE)--The "Testing, Inspection and Certification - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
According to the publisher, the 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.
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.
Based on application, transportation segment dominates the market 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.
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.
- DNV GL Group AS
- ALS Limited
- Eurofins Scientific
- Element Materials Technology
- Dekra SE
- Bureau Veritas SA
- TUV Nord
- TUV Rheinland
- Avomeen Analytical Services
- Intertek Group PLC
- Lloyd's Register
- ASTM International
- AsureQuality Limited
Key Topics Covered:
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Testing, Inspection, and Certification (TIC) Market, By Sourcing Type
6 Global Testing, Inspection, and Certification (TIC) Market, By Service Type
7 Global Testing, Inspection, and Certification (TIC) Market, By Application
8 Global Testing, Inspection, and Certification (TIC) Market, By Methodology
9 Global Testing, Inspection, and Certification (TIC) Market, By Geography
10 Key Developments
11 Company Profiling
For more information about this report visit https://www.researchandmarkets.com/research/rpmzj9/global_testing?w=4