Testing, Inspection and Certification (T.I.C.) Market share will - Erie News Now | WICU & WSEE in Erie, PA

Testing, Inspection and Certification (T.I.C.) Market share will Increase more than US$ 285 Billion by 2024

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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
Globalization
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 expected to exceed more than US$ 285 Billion by 2024; Growing at a CAGR of more than 5.6% in the given forecast period.

You Can Browse Full Report @: https://www.marketresearchengine.com/reportdetails/testing-inspection-and-certification-tic-market

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.

Table of Contents

  1. INTRODUCTION

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

5.1 Introduction

5.2 Market Segmentation

5.2.1 TIC Market, By Type

5.2.2 TIC Market, By Sourcing Activity

5.2.3 TIC Market, By End-User Industry

5.2.4 TIC Market, By Region

5.3 Market Dynamics

5.3.1 Drivers

5.3.1.1 Increasing Number of New Regulations & Standards in Certain End-User Industries

5.3.1.2 Growing Trend of Outsourcing TIC Services to Third-Party Service Providers

5.3.1.3 Formulation of Stringent Regulations and Standards to Ensure the Quality and Safety of Products

5.3.1.4 Increasing Product Diversification in Several Industries

5.3.1.5 Global Trading of Products and Growth of Distributed Manufacturing

5.3.2 Restraints

5.3.2.1 Varying Regulations and Standards Across Regions

5.3.3 Opportunities

5.3.3.1 Growing Demand for TIC Services in Emerging Markets

5.3.4 Challenges

5.3.4.1 Long Lead Time for Overseas Qualification Tests

6 Industry Trends

7 TIC Market, By Type

8 TIC Market, By Sourcing Activity

9 TIC Market, By End-User Industry

10 Geographic Analysis

11 Competitive Landscape

12 Company Profile

12.1 Introduction

12.2 SGS Group

12.3 Bureau Veritas S.A.

12.4 Intertek Group PLC

12.5 TUV SUD Group

12.6 Dekra Certification GmbH

12.7 ALS Limited

12.8 ASTM International

12.9 BSI Group

12.10 Exova Group PLC

12.11 TUV Rheinland A.G.

12.12 TUV Nord Group

12.13 SAI Global Limited

12.14 Eurofins Scientific

12.15 Mistras Group, Inc.

12.16 UL LLC

 

Media Contact

Company Name: Market Research Engine

Contact Person: John Bay

Email: john@marketresearchengine.com

Phone: +1-855-984-1862

Country: United States

Website: https://www.marketresearchengine.com/

 

Source: http://www.financeswire.com/testing-inspection-and-certification-t-i-c-market-share-will-increase-more-than-us-285-billion-by-2024

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