Testing, Inspection and Certification Market: Size, Share, Growth, Trends, and Forecasts 2018–2026
Sarasota, FL -- (SBWIRE) -- 05/09/2018 -- Global Testing, Inspection and Certification Market: Overview
The demand for quality products has increased lately; the services such as testing, inspection, and certification offer the assurance that the products that are manufactured meet the national as well as the international regulations concerned with safety and quality. The market for the testing, inspection, and certification is completely dependent on the rules and regulations of the countries worldwide.
Global Testing, Inspection and Certification Market: Growth Factors
The increased demand for outsourcing of the services of testing, inspection, and certification and the different needs of the products and standard protocols are the factors driving the global testing, inspection, and certification market. The demand for these services is increasing owing to the implementation of the stringent regulations related to the quality, environmental safety, and health. The other major aspect that is triggering the testing, inspection and certification market is the increased demand from the end-users seeking the assurance of the third party and the improved focus on the risk prevention and enhanced risk awareness. Globalization has resulted in increased trading between the countries which has positively affected the growth of the testing, inspection, and certification market.
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Global Testing, Inspection and Certification Market: Segmentation
The testing, inspection, and certification market is fragmented based on the service type, source type, and application. On the basis of the service type, the market is segregated into testing services, certification services, inspection services, and others which is further subdivided into consulting services, project management services, quality-safety-health-&-environment services, auditing services, technical assistance & training services, and asset integrity management services. On the basis of source type, the testing, inspection, and certification market are categorized into outsourced and in-house. On the basis of application, the market is divided into agriculture & food, construction & infrastructure, industrial & manufacturing, mining, public sector, supply chain & logistics, consumer goods & retail, chemicals, energy & power, medical & life sciences, oil & gas and petroleum, and transportation.
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Global Testing, Inspection and Certification Market: Regional Analysis
In terms of geographical diversification, Europe is expected to dominate the testing, inspection, and certification market. The major factor that contributed to the market growth in this region is the implementation of the strict regulations pertaining to the safety and quality of products in the domains such as transportation and logistics, water and wastewater, food and beverages, and chemical. North America is also anticipated to witness a strong market growth in the coming years owing to the adoption of the advanced technology in the testing, inspection, and certification services. In the Asia Pacific, the developing economies such as India and China contribute majorly to the testing, inspection, and certification market owing to its increased international trade.
Global Testing, Inspection, and Certification Market: Competitive Players
Some of the most important market players involved in the testing, inspection, and certification market are ASTM International, TUV SUD AG, AsureQuality Ltd., Dekra SE, TÜV Rheinland Group, Intertek Group Plc, SGS Group, Bureau Veritas SA, ALS Ltd., DNV GL Group AS, Underwriters Laboratories Inc., and Lloyd's Register Group Limited, among others.
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Global Testing, Inspection, and Certification Market: Regional Segment Analysis
The Asia Pacific
The Middle East and Africa
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