The global testing,
inspection, and certification (T.I.C.) market is expected to develop
rapidly during the period from 2015 to 2023. Robust growth and
development of the global testing, inspection, and certification
market is influenced by continuous introduction of standards owing to
technological advancements, globalization of international standards
and laws, improved risk awareness, emphasis on prevention of risks,
and improved safety legislation. Nowadays, customers seek product
safety and risk prevention assurance from third parties.
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Europe and North
America Driving TIC Services Globally
The global testing,
inspection, and certification market is segmented on the basis of
geography and end use. By geography, the global testing, inspection,
and certification market is divided into regions such as Asia
Pacific, Europe, North America, and Rest of the World.
Europe and North
America were the two leading regional markets that developed rapidly
in 2015 and are expected to continue contributing even more to the
global market till 2023. With development opportunities and technical
advancements in testing, inspection, and certification procedures,
countries from the Asia Pacific region are expected to attract huge
investments during the forecast period. Rapid growth in demand for
testing, inspection, and certification services from emerging
companies in industries such as electronics, healthcare, medical
devices, automation, and pharmaceuticals will further boost the
global testing, inspection, and certification market.
Lack of directives
from local governments and lack of globally accepted standards are
two of the major restraints on the global testing, inspection, and
certification market. With improved TIC services, the global market
is expected to grow rapidly during the forecast period. Some of the
TIC services offered by the leading companies are industrial
inspection, testing, quality services, safety services, product
performance testing, and shipment valuation. These services make sure
that international and domestic standards are met.
Testing and
inspection of products ensures that the quality standards of the
products are met. Certification services assure that the products are
manufactured following specific global and domestic terms. The
government organizations in countries across all the regions design,
develop, and distribute the globally accepted standards that are
followed for testing, inspecting, and certifying the products.
The growth of the
global testing, inspection, and certification market has been
remarkable over the past few years due to increasing customer
awareness about TIC in nearly every sector. Growing contribution
towards development of the global testing, inspection, and
certification market from Rest of the World will earn the regional
market a positive share during the forecast period.
The leading
companies in the global testing, inspection, and certification market
have been offering quality services across various industries such as
aviation, oil and gas, automotive, petrochemicals, electrical,
environmental, textile, agriculture, life science, food, medical,
consumer goods, pharmaceuticals, and others. The global testing,
inspection, and certification market is widespread across regions
across the globe, with many leading companies contributing their
share.
Some of the leading
companies in the global testing, inspection and certification market
are Bureau Veritas S.A., TUV SUD Group, Eurofins Scientific, SGA
S.A., British Standards Institution Group, Compliance Engineering
Pvt. Ltd., Intertek Group PLC., ASTM International, Exova Group Plc,
and Dayton T. Brown Inc.
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