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Global Testing, Inspection and Certification Market Outlook Till 2020 | Revenue Models

Press Release   •   Oct 26, 2016 13:34 EDT

Testing, Inspection and Certification (TIC) Market-By Applications (Quality & Safety Services, Product Performance, Industrial Inspection, Others) By End-User (Automotive, Food, Medicine, Oil & Gas, System Compliance, Commercial & Others) – Forecast (2016-2021)

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Testing, Inspection & Certification services help the organizations and industry stakeholders to improve and maintain product quality in accordance with the industrial standards. Certification services refer to compliance with the standards developed by the standardization institutes. These play an important role in ensuring products; infrastructure and solutions are met with the suggested standards and regulations in terms of safety and quality. Driven by rapid industrialization and changes in the standardization along with increasing health safety measures, the Testing, Inspection & Certification (TIC) market is projected to expand rapidly in terms of services as well as global outreach.

The Global Testing, Inspection and Certification market has been analyzed with respect to different parameters such as demand, supply, end-users and service providers. Testing, inspection and certification market encompasses several applications including quality & safety, product performance evaluation, certification and valuation of shipments, industrial applications and few niche applications categorized as others. The market has been further segregated based on industry verticals such as agriculture, automotive, food, medicine & life sciences, oil & gas, consumer, industrial and others. These industry verticals have been cross-referenced with eminent nations in the ecosystem categorized under four key geographic regions: Americas, Europe, Asia-Pacific (APAC) and Rest of the World (RoW).

REPORT SCOPE: Market Segmentation:

Testing Inspection and Certification Market is broadly segmented into 3 types with further classifications. Broad factors being:

  • 1.By Testing Methodology: Visual Testing, Magnetic Particle Testing, Eddy current testing, Ultrasonic testing, Radiographic Testing and Leakage testing.
  • 2.By Application: Quality and safety services, Product performance evaluation, Certification and valuation of shipments, Industrial inspections.
  • 3.By Geography: America, Europe, APAC and ROW.

Geographical Overview:
Europe dominated the TIC market in 2015 primarily due to its vast industrial base presenting ample opportunities to TIC service providers with stringent safety norms on industrial and consumer products. APAC is analyzed to be the largest growing market during the forecast period resulting from the growing manufacturing activities.

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Key players for testing inspection and certification (TIC) market include:

  • SGS Group (Switzerland)
  • TUV (Germany)
  • Bureau Veritas S.A. (France)
  • Dekra eV (Germany)
  • Intertek Group PLC (U.K.)
  • DNV GL (Norway).

The above companies have significant presence in the TIC market with wide service offerings and considerable brand image.

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