Transparency Market Research

Worldwide Certificates Market: Quality Assurance Stands out as Significant Driver, Says TMR

Transparency Market Research observes growing awareness amongst consumers about quality of products being bought or consumed is expected to have a positive impact on the global certificates market.


Albany, NY -- (SBWIRE) -- 11/16/2016 -- The research report, titled "Certificates Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2023," discusses the drivers and restraints influencing the trajectory of the overall market for forecast years. The document has been collated using primary and secondary research methods, which are aimed towards offering accurate data for scrutiny and contemplation. Additionally, the document has also been authenticated with comments and recommendations for market leaders as a point of reference for every decision maker.

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The increasing demand for ensuring safety of products has resulted in the development of the global certificates market. Certification has become integral to every industry as manufacturing activities have to meet specific standards in order to market the products and commercialize them. The standards do vary depending on governments and other institutes that may be heading the designing and development of the product. Additional services provided by companies offering certifications such as industrial inspection, outsourcing of laboratories, shipments valuation performance of products, and making sure that imports are in line with domestic and international standard along with supplier evaluation. Such value-added services have given the market a much-needed impetus.

The market offers certification for industries such as petroleum, consumer products, agriculture, mining, and environmental compliance. In terms of regions, the global market is segmented into North America, Europe, Asia Pacific, and Rest of the World. Of all the regions, Europe and North America hold a dominant position in the global market. Presently, the U.S. has a strong foothold in North America due to growing awareness about hygiene amongst overall consumers. The Europe certificates market is being led by countries such as the UK and Germany. Asia Pacific is anticipated to follow their lead in the coming years as developing countries such as China, India, Malaysia and others are changing their perceptions about quality and safety of products.

Some of the leading players operating in the global certificates market are ALS Global, Bureau Veritas SA, Dekra Certification GmbH, The British Standards Institution, Intertek Group PLC, SAI Global, TÜV SUD Group, AsureQuality Limited, UL LLC, and SGS Group. The research report profiles these players and provides a thorough assessment of their business and marketing strategies, research and development activities, expansion plans, and investment outlook for the coming few years. Additionally, the research report also provides a thorough analysis of the intensity of the competitive rivalry present in the overall market.