Latest Report:Testing, Inspection and Certification (TIC) Market – Global Forecast to 2022


Posted April 10, 2017 by annyang

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"Latest Report:Testing, Inspection and Certification (TIC) Market by Type (Testing, Inspection, & Certification), Sourcing Activity (In-House and Outsourced), End-User Industry (Environmental, Consumer Goods, Manufacturing), and Geography – Global Forecast to 2022" published in April 2017. It is a professional and in-depth study.

Summary

Market Research Report Store announces a new report"Testing, Inspection and Certification (TIC) Market "added to its database.The TIC market is estimated to be worth USD 113.24 billion by 2022, at a CAGR of 5.15% between 2016 and 2022. The growth of this market is propelled by the increasing number of new regulations and standards in some end-user industries, rising trend of outsourcing TIC services to third-party service providers, formulation of stringent regulations and standards to ensure the quality and safety of products, increasing product diversification, and global trading of products & growth of distributed manufacturing.

Detailed TOC Of Report  @https://www.marketresearchreportstore.com/shop/testing-inspection-and-certification-tic-market-by-type-testing-inspection-certification-sourcing-activity-in-house-and-outsourced-end-user-industry-environmental-consumer-goods-manufa

Research Hightlight
--Agriculture end-user industry is expected to grow at the highest rate during the forecast period
--TIC market in APAC expected to witness the highest growth rate during the forecast period


The leading players include
• SGS Group (Switzerland)
• Bureau Veritas S.A. (France)
• Intertek Group plc (U.K.)
• TÜV SÜD Group (Germany)
• Dekra Certification GmbH (Germany)
• ALS Limited (Australia)
• ASTM International (U.S.)
• BSI Group (U.K.)
• Exova Group plc (U.K.)
• TÜV Rheinland Group (Germany)
• TÜV Nord Group (Germany)
• SAI Global Limited (Australia)
• Eurofins Scientific (Luxembourg)
• MISTRAS Group, Inc.(U.S.)
• UL LLC (U.S.)

Breakup of the profiles of primary participants:
• By Company Type: Tier 1 – 38%, Tier 2 – 33%, and Tier 3 – 29%
• By Designation: C-Level Executives – 30%, Directors – 33%, and Others – 37%
• By Region: North America – 26%, Europe – 40%, APAC – 22%, and RoW – 12%


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The report provides insights on the following pointers:

• Market penetration: Comprehensive information on end-user industry offered by the top players in the overall TIC market
• Product development/innovation: Detailed insights regarding new product launches, new services launches, and service expansions in the TIC market
• Market development: Comprehensive information about lucrative emerging markets across regions
• Market diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the overall TIC market
• Competitive assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the TIC market


Some TOC of the Market Research Report:
1 INTRODUCTION 21
1.1 OBJECTIVES OF THE STUDY 21
1.2 MARKET DEFINITION 21
1.3 STUDY SCOPE 22
1.3.1 MARKETS COVERED 22
1.3.2 YEARS CONSIDERED FOR THE STUDY 22
1.4 CURRENCY 23
1.5 LIMITATIONS 23
1.6 STAKEHOLDERS 23
2 RESEARCH METHODOLOGY 24
2.1 RESEARCH DATA 24
2.1.1 SECONDARY DATA 25
2.1.1.1 Key data from secondary sources 25
2.1.2 PRIMARY DATA 25
2.1.2.1 Key data from primary sources 26
2.1.2.2 Key industry insights 27
2.1.2.3 Breakdown of primaries 27
2.2 MARKET SIZE ESTIMATION 28
2.2.1 BOTTOM-UP APPROACH 28
2.2.2 TOP-DOWN APPROACH 29
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 30
2.4 RESEARCH ASSUMPTIONS 31
3 EXECUTIVE SUMMARY 32
4 PREMIUM INSIGHTS 36
4.1 ATTRACTIVE OPPORTUNITIES IN THE TIC MARKET 36
4.2 TIC MARKET, BY END-USER INDUSTRY 37
4.3 TIC MARKET IN APAC 38
4.4 EMERGING MARKETS ARE THE KEY GROWTH REGIONS 39
4.5 LIFE CYCLE ANALYSIS, BY GEOGRAPHY 40
5 MARKET OVERVIEW 41
5.1 INTRODUCTION 42
5.2 MARKET SEGMENTATION 42
5.2.1 TIC MARKET, BY TYPE 42
5.2.2 TIC MARKET, BY SOURCING ACTIVITY 42
5.2.3 TIC MARKET, BY END-USER INDUSTRY 43
5.2.4 TIC MARKET, BY REGION 44
5.3 MARKET DYNAMICS 44
5.3.1 DRIVERS 45
5.3.1.1 Increasing number of new regulations & standards in certain end-user industries 45
5.3.1.2 Growing trend of outsourcing TIC services to third-party service providers 47
5.3.1.3 Formulation of stringent regulations and standards to ensure the quality and safety of products 47
5.3.1.4 Increasing product diversification in several industries 47
5.3.1.5 Global trading of products and growth of distributed manufacturing 48
5.3.2 RESTRAINTS 48
5.3.2.1 Varying regulations and standards across regions 48
5.3.3 OPPORTUNITIES 49
5.3.3.1 Growing demand for TIC services in emerging markets 49
5.3.4 CHALLENGES 49
5.3.4.1 Long lead time for overseas qualification tests 49
6 INDUSTRY TRENDS 50
6.1 INTRODUCTION 50
6.2 VALUE CHAIN ANALYSIS 50
6.2.1 CORE INDUSTRY SEGMENTS 51
6.2.1.1 Testing, inspection, and certification (TIC) standards organizations 51
6.2.1.2 Companies offering TIC services 52
6.2.1.3 End-user industries 52
6.3 IMPACT OF BREXIT ON THE TIC MARKET 52
6.3.1 EUROPE LEADS THE TIC MARKET 52
6.3.2 LARGE NUMBER OF ASSOCIATIONS AND COMPANIES LOCATED IN EUROPE 52
6.3.3 BREXIT MIGHT CAUSE A BREAKUP OF THE U.K. 52

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Last Updated April 10, 2017