Testing, Inspection and Certification (TIC) Market by Type (Testing, Inspection, & Certification), Sourcing Activity (In-House and Outsourced), End-User Industry (Environmental, Consumer Goods, Manufacturing), and Geography - Global Forecast to 2022

Published: September 2016
No. of Pages: 227
    ReportsandReports

The TIC market is estimated to be worth USD 113.24 billion by 2022, at a CAGR of 5.15% between 2016 and 2022. The growth of this market is propelled by the increasing number of new regulations and standards in some end-user industries, rising trend of outsourcing TIC services to third-party service providers, formulation of stringent regulations and standards to ensure the quality and safety of products, increasing product diversification, and global trading of products & growth of distributed manufacturing.

“Agriculture end-user industry is expected to grow at the highest rate during the forecast period”

TIC services are required in the agriculture sector are required to ensure the quality of food products to safeguard the heath of consumers and improve productivity. These services also support manufacturers in the trading of agricultural commodities and food by acquiring international certifications. Furthermore, the changing regulations across the world in the field of agriculture also drive the adoption of TIC services by manufacturers. Some of the major TIC services for the agriculture sector are pre-shipment inspection, quality and quantity inspection, fertilizer testing, seed testing, and commodity risk management among others. These services ensure the quality and safety of supply chain of agriculture that covers manufacturers and consumers.

“TIC market in APAC expected to witness the highest growth rate during the forecast period”

The APAC region is expected to witness strong growth in almost all sectors as governments enforce tougher legislation to assure health and safety compliance. TIC services in sectors such as food, textiles, toys, and electrical goods are likely to continue to show strong growth owing to the high requirement for meeting stipulated government standards. Also, with the growing disposable income in the region, the use of consumer goods is expected to increase. This would lead to a high demand for testing of consumer goods, especially in countries such as China and India.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry people. The break-up of the profile of primary participants is given below:

  • By Company Type: Tier 1 – 38%, Tier 2 – 33%, and Tier 3 – 29%
  • By Designation: C-Level Executives – 30%, Directors– 33%, and Others – 37%
  • By Region: North America –26%, Europe – 40%, APAC – 22%, and RoW – 12%

The key market players profiled in the report are:

  • SGS Group (Switzerland)
  • Bureau Veritas S.A. (France)
  • Intertek Group plc (U.K.)
  • TÜV SÜD Group (Germany)
  • Dekra Certification GmbH (Germany)
  • ALS Limited (Australia)
  • ASTM International (U.S.)
  • BSI Group (U.K.)
  • Exova Group plc (U.K.)
  • TÜV Rheinland Group (Germany)
  • TÜV Nord Group (Germany)
  • SAI Global Limited (Australia)
  • Eurofins Scientific (Luxembourg)
  • MISTRAS Group, Inc.(U.S.)
  • UL LLC (U.S.)

Reasons to Buy This Report:

From an insight perspective, this research report focuses on various levels of analysis—industry analysis (industry trends), market ranking analysis of top players,value chain analysis, and company profiles which comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the TIC market, high-growth regions, and market dynamics (drivers, restraints, challenges, and opportunities.)

The report provides insights on the following pointers:

  • Market penetration: Comprehensive information on end-user industry offered by the top players in the overall TIC market
  • Product development/innovation: Detailed insights regarding new product launches, new services launches, and service expansions in the TIC market
  • Market development: Comprehensive information about lucrative emerging markets across regions
  • Market diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the overall TIC market
  • Competitive assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the TIC market.

Published By: MarketsandMarkets
Product Code: MarketsandMarkets3692


Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:

  • Europe Small Pitch LED Display Market by Manufacturers, Countries, Type and Application, Forecast to 2022

    The pitch of a LED screen defines the distance between the pixels. Small Pitch LED Display refers to the pixel pitch of LED Display which is below 2.5mm, including P2.5, P2.0, P1.8, P1.5 P 1.2, P 1, P 0.7etc.With the development of LED display, it ha...

  • Global Small Pitch LED Display Market by Manufacturers, Countries, Type and Application, Forecast to 2022

    The pitch of a LED screen defines the distance between the pixels. Small Pitch LED Display refers to the pixel pitch of LED Display which is below 2.5mm, including P2.5, P2.0, P1.8, P1.5 P 1.2, P 1, P 0.7etc.With the development of LED display, it ha...

  • United States Marine Lighting Market Report 2017

    Notes: Sales, means the sales volume of Marine Lighting Revenue, means the sales value of Marine Lighting This report studies sales (consumption) of Marine Lighting in United States market, focuses on the top players, with sales, price, revenue ...

  • United States Marine Lamps Market Report 2017

    Notes: Sales, means the sales volume of Marine Lamps Revenue, means the sales value of Marine Lamps This report studies sales (consumption) of Marine Lamps in United States market, focuses on the top players, with sales, price, revenue and marke...

  • United States Boat Light Market Report 2017

    Notes: Sales, means the sales volume of Boat Light Revenue, means the sales value of Boat Light This report studies sales (consumption) of Boat Light in United States market, focuses on the top players, with sales, price, revenue and market shar...

  • United States Webcams Market Report 2017

    Notes: Sales, means the sales volume of Webcams Revenue, means the sales value of Webcams This report studies sales (consumption) of Webcams in United States market, focuses on the top players, with sales, price, revenue and market share for eac...

  • United States Waveguide Terminations Market Report 2017

    Notes: Sales, means the sales volume of Waveguide Terminations Revenue, means the sales value of Waveguide Terminations This report studies sales (consumption) of Waveguide Terminations in United States market, focuses on the top players, with s...

  • United States Waveguide Circulators Market Report 2017

    Notes: Sales, means the sales volume of Waveguide Circulators Revenue, means the sales value of Waveguide Circulators This report studies sales (consumption) of Waveguide Circulators in United States market, focuses on the top players, with sale...

  • United States Waveguide Bends Market Report 2017

    Notes: Sales, means the sales volume of Waveguide Bends Revenue, means the sales value of Waveguide Bends This report studies sales (consumption) of Waveguide Bends in United States market, focuses on the top players, with sales, price, revenue ...

  • United States Transit Data Line Market Report 2017

    Notes: Sales, means the sales volume of Transit Data Line Revenue, means the sales value of Transit Data Line This report studies sales (consumption) of Transit Data Line in United States market, focuses on the top players, with sales, price, re...


Why ReportsnReports.com?

  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: sales@reportsandreports.com Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest: