The research study provides estimates for Global Testing, Inspection and Certification Forecast till 2025*. Some are the key players taken under coverage for this study are Bureau Veritas S.A. (France) , SGS Group (Switzerland) , Intertek Group PLC (United Kingdom) , TUV SUD Group (Germany) , Dekra Certification GmbH (Germany) , ALS Limited (Australia) etc.
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Summary
Scope of the Study
Testing, Inspection and Certification assessment organizations offers numerous inspection services ranging from testing, auditing, certification, and quality assurance. The assessment bodies offer TIC services for both in house as well as outsourced projects. In addition to this, due to increasing laws and regulations for mandating TIC services the overall market for Testing, inspection and Certification will show significant growth in the forecasting years.
The Global TIC Market is highly fragmented due to availability of robust local as well as international service providers. Moreover, globally top players are holding around 25 to 30% of global market share. Thus, the market is showing slightly oligopolistic competition that is leveraging amount of of strategic alliances to attain inorganic growth and gain market share. For example, one of the leading companies in TIC industry SCG has alone completed more than 12 strategic transactions in the year 2017
Market Drivers
Increasing Awareness about the Hygienic and Healthy Production Environment
Ensures Safety, Health, and Quality Requirements of Particular Product
Market Trend
Stringent Safety Regulations Legislations
Growing Trend of Outsourcing Testing, Inspection and Certification Activities
Restraints
Leads to Increase Operational Cost
Very Seldom Common International Standards leading to Standard Rejections
Opportunities
Robust Globalization and increasing Awareness about Safety and Hygienic Working Environment and Growing Trade Agreements across the Developed and Developing Countries
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Market Leaders and their expansionary development strategies
On December 13th, 2018, International Federation of Inspection Agencies has launched TIC Council for the globally leading companies in testing, inspection and certification (TIC) industry. They have formed a new international association representing independent third-party verification. The independent TIC industry will provide a wealth of services, including certification, product testing, management system certification and valuation of shipments, industrial inspections, training, construction controls and marine classification.
Key Target Audience
TIC Service Providers
TIC Industry Associations
Private Industries
Government Agencies
Others
Competitive Landscape
Bureau Veritas S.A. (France) , SGS Group (Switzerland) , Intertek Group PLC (United Kingdom) , TUV SUD Group (Germany) , Dekra Certification GmbH (Germany) , ALS Limited (Australia) , ASTM International (United States) , BSI Group (United Kingdom) , Exova Group PLC (United States) and TUV Rheinland A.G. (Germany) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are TUV Nord Group (Germany) , SAI Global Limited (Australia) , Eurofins Scientific (Belgium) , Mistras Group Inc. (United States) and UL LLC. (United States).
Global Testing, Inspection and Certification Product Types In-Depth:In-House and Outsource
Global Testing, Inspection and Certification Major Applications/End users: Environmental , Consumer Goods , Manufacturing , Petroleum , Agriculture and Others.
Geographical Analysis: South America (Brazil, Argentina, Rest of South America) , Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific) , Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe) , MEA (Middle East, Africa) , North America (United States, Canada, Mexico).
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Key Questions Answered in the Report
What will the Testing, Inspection and Certification (TIC) Market size and the growth rate be in Future?
What are the key factors driving the Testing, Inspection and Certification (TIC) Market?
What are the key market trends and macro-economic impacting the growth of the Testing, Inspection and Certification (TIC) Market?
What are the challenges to market growth?
Who are the key vendors in the Testing, Inspection and Certification (TIC) Market?
What are the market opportunities and threats faced by the vendors in the Testing, Inspection and Certification (TIC) Market?
Trending factors influencing the market shares of the Players.
What are the key outcomes of the five forces analysis of the Testing, Inspection and Certification (TIC) Market?
Important Features that are under offering & key highlights of the report :
1) What all companies are currently profiled in the report?
Following are list of players that are currently profiled in the the report ” Bureau Veritas S.A. (France) , SGS Group (Switzerland) , Intertek Group PLC (United Kingdom) , TUV SUD Group (Germany) , Dekra Certification GmbH (Germany) , ALS Limited (Australia) , ASTM International (United States) , BSI Group (United Kingdom) , Exova Group PLC (United States) and TUV Rheinland A.G. (Germany) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are TUV Nord Group (Germany), SAI Global Limited (Australia) , Eurofins Scientific (Belgium) , Mistras Group Inc. (United States) and UL LLC. (United States)”
** List of companies mentioned may vary in the final report subject to Name Change / Merger etc.
2) Can we add or profiled new company as per our need?
Yes, we can add or profile new company as per client need in the report. Final confirmation to be provided by research team depending upon the difficulty of survey.
** Data availability will be confirmed by research in case of privately held company. Upto 3 players can be added at no added cost.
3) What all regional segmentation covered? Can specific country of interest be added?
Currently, research report gives special attention and focus on following regions:
Market Leaders and their expansionary development strategies
** One country of specific interest can be included at no added cost. For inclusion of more regional segment quote may vary.
4) Can inclusion of additional Segmentation / Market breakdown is possible?
Yes, inclusion of additional segmentation / Market breakdown is possible subject to data availability and difficulty of survey. However a detailed requirement needs to be shared with our research before giving final confirmation to client.
** Depending upon the requirement the deliverable time and quote will vary.
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