Testing Inspection And Certification Market To Witness Huge Growth From 2017-2026 And Key Players – DNV GL Group As, ALS Limited, Mistras, Eurofins Scientific, Element Materials Technology

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. However, various standards and regulations, complex nature of supply chains across geographies are restraining the market.

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. Performance of these services is required to meet various safety and quality requirements of national and international standards.

Top Companies Covered in this Report:
DNV GL Group AS, ALS Limited, Mistras, Eurofins Scientific, Element Materials Technology, Dekra SE, Bureau Veritas SA, UL, TUV Nord, TUV Rheinland, SGS, Avomeen Analytical Services, Envigo, Intertek Group PLC, Medistri, Lloyd’s Register, Applus, ASTM International and Asure Quality Limited.

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Based on application, transportation segment dominates the marekt 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. By type outsourced services is anticipated to grow at the highest CAGR during the forecast period owing to focus on their core business and avoid high in-house laboratory costs.

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.

Major Types of Testing Inspection and Certification covered are: 
Inspection
Testing
Certification
Other Service types

Major Applications of Testing Inspection and Certification covered are: 
Industrial and Manufacturing
Energy & Power
Consumer Goods and Retail
Medical and Life Science
Oil & Gas and Petroleum
Mining
Public Sector
Agriculture and Food
Construction and Infrastructure
Supply Chain and Logistics
Transportation
Chemicals

Key features of the Worldwide Testing Inspection and Certification Market Research Report:
Some of the market dynamics covered in this report include the market drivers, threats, and opportunities. It analyzes the overall market segments to predict the evolving ones and provides a detailed segmentation of the Testing Inspection and Certification industry, based on the product types, applications, and key geographies. The report also provides a comprehensive study of the global Testing Inspection and Certification market share and forecasts.

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Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Testing Inspection and Certification Market Size
2.2 Testing Inspection and Certification Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Testing Inspection and Certification Market Size by Manufacturers
3.2 Testing Inspection and Certification Key Players Head office and Area Served
3.3 Key Players Testing Inspection and Certification Product/Solution/Service
3.4 Date of Enter into Testing Inspection and Certification Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Testing Inspection and Certification Sales by Product
4.2 Global Testing Inspection and Certification Revenue by Product
4.3 Testing Inspection and Certification Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Testing Inspection and Certification Breakdown Data by End User

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In the last section of the report, the global Testing Inspection and Certification market additionally provides a detailed survey of the key competitors and the leading players in the market, based on the various objectives of an organization such as overview, profiling, product portfolio, the quantity of production, upstream raw material, downstream demand analysis, and the financial status of the organization. These key players have adopted the regional expansion, mergers & acquisitions, product portfolio expansion, partnerships, and collaborations as their key strategies to enhance their infiltration in the Global Testing Inspection and Certification Market.

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This post was originally published on Commerce Gazette