The global testing, inspection, and certification market is expected to grow at a CAGR of 5.7% over the period between 2016 and 2024. Expanding at this pace, the market will reach a valuation of US$285.34 billion by 2024 from US$178.65 billion in 2015.
Albany, NY -- (SBWIRE) -- 07/25/2017 -- Rising awareness among global population about the qualitative assurance provided by international quality and safety standards is the primary factor responsible for the rising prominence of testing, inspection, and certification services across various industries. The global testing, inspection, and certification market is driven by the increasing imports and exports in the global market, and increasingly stringent quality regulations. Considering this aspect, a new research report with a title "Testing, Inspection and Certification (T.I.C.) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024" has been recently added to the vast online repository of Market Research Reports Search Engine (MRRSE). This report on testing, inspection and certification (T.I.C.) market analyzes its current status as well as future prospects of the market across the globe.
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The global testing, inspection, and certification market is expected to grow at a CAGR of 5.7% over the period between 2016 and 2024. Expanding at this pace, the market will reach a valuation of US$285.34 billion by 2024 from US$178.65 billion in 2015. This report provides a comprehensive analysis of market dynamics, which include the market drivers, restraints, risks and opportunities. Market dynamics are the unique factors that impact the growth of the specific market and therefore helps in the understanding of the current trends in the international market. Thus, it provides a wide-ranging study of the global testing, inspection, and certification market and also includes forecast of the market for the period from 2016-2024. The global testing, inspection, and certification market is segmented on the basis of application into oil & gas, aerospace, food and beverages, automotive, automation, textile and others.
The competitive profiling of the major companies in the global testing, inspection, and certification market includes their market shares across various geographic regions such as Asia Pacific, North America, Europe, Middle East and Africa and South America is comprehensively covered under the purview of the report. Furthermore, the unique business strategies adopted by the key players in the market are also included in the study. For highlighting a detailed insight into the global testing, inspection, and certification market, the market attractive analysis is provided within the report.
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Some of the key players profiled in the report include Intertek Group PLC, SGS Group, ALS Ltd., Lloyd's Register Group Limited, ASTM International, AsureQuality Ltd., Dekra SE, Bureau Veritas SA, Underwriters Laboratories Inc, DNV GL, TUV SUD AG and TÜV Rheinland Group.
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