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Testing, Inspection and Certification (T.I.C.) Market to Cross US$ 285 Billion by 2024

Market Research Engine has published a new report titled as “Testing, Inspection and Certification (T.I.C.) Market By Application (Textile, Automation, Oil & Gas, Aerospace, Food & beverages, Automotive) - Global Industry Analysis and Forecast 2016 - 2024”


Deerfield Beach, FL -- (SBWIRE) -- 11/25/2016 -- How Big is the Testing, Inspection and Certification (T.I.C.) Market?

The Testing, Inspection and Certification market is expected to exceed more than US$ 285 Billion by 2024; Growing at a CAGR of more than 5.6% in the given forecast period.

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The main function of testing, inspection, and certification companies is to guarantee the maintenance of safety, health and quality requirements of their consumer's products. Testing, inspection, and certification companies are engaged in testing, verification, inspection and certification services in which the main function is to help enhance the efficiency and also facilitate local manufactures to comply with the global principles. Rising awareness among global consumers regarding the qualitative assurance provided by international quality and safety standards is key to the rising prominence of testing, inspection, and certification services across a number of industries. Increasing attentiveness among global consumers about the qualitative guarantee provided by global quality and safety values is key to the increasing importance of testing, inspection, and certification services across a number of industries.

The major driving factors of testing, inspection and certification market are as follows:

Rising focus on outsourcing
Stricter regulations

The restraining factors of testing, inspection and certification market are as follows:

Need internationally accepted principles

The testing, inspection and certification market is segmented on the lines of its application and regional. Based on application segmentation the testing, inspection and certification market covers textile, automation, automotive, food and beverage, aerospace, oil and gas and others. The testing, inspection and certification market's geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

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This report provides:

1) An overview of the global market for testing, inspection and certification and related technologies.

2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2024.

3) Identifications of new market opportunities and targeted promotional plans for testing, inspection and certification.

4) Discussion of research and development, and the demand for new products and new applications.

5) Comprehensive company profiles of major players in the industry.


The scope of the report includes a detailed study of global and regional markets for Testing, Inspection and Certification (T.I.C.) Market for variations in the growth of the industry in certain regions.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Bureau Veritas SA, Intertek Group PLC, SGS Group, ALS Ltd., ASTM International, AsureQuality Ltd., Dekra SE, Underwriters Laboratories Inc, Lloyd's Register Group Limited, DNV GL, TUV SUD AG and TÜV Rheinland Group. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

The Top Companies Report is intended to provide our buyers with a snapshot of the industry's most influential players.

The Testing, Inspection and Certification Market has been segmented as below:

By Application Analysis

Food and beverage
Oil and gas

By Regional Analysis

North America
Rest of the World

Reasons to Buy this Report:

1) Obtain the most up to date information available on all testing, inspection and certification.

2) Identify growth segments and opportunities in the industry.

3) Facilitate decision making on the basis of strong historic and forecast of testing, inspection and certification data.

4) Assess your competitor's refining portfolio and its evolution.

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