Global Testing, Inspection, And Certifications Market Report, published by Variant Market Research, forecast that the global market is expected to reach $351 billion by 2024 from $229 billion in 2016; growing at a CAGR of 5.5% from 2016 to 2024. By geography, Asia-Pacific and North America are expected to grow at a CAGR of 6% and 5.6%, respectively, during the forecast period.

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Some of the major factors supporting the growth of the global testing, inspection, and certifications market are rapid growing need for outsourcing the work, globalization, and stringent regulations on health and environment safety. Furthermore, technological advancement and growing demand in emerging economies would provide market opportunities in the coming years. Though, lack of international standards would hamper the market growth.

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The global testing, inspection, and certifications market is classified into type, and application. Type segment comprises testing, inspection, and certification. Testing held for the largest market share among type segment in 2016, and is expected to dominate from 2016 to 2024. Application segment includes medical devices, food & beverages, oil & gas, telecommunication, aerospace, defense, automotive, automation, textile, and other applications.

Geographically, the market is categorized into North America, Europe, Asia-Pacific, and Rest of the World (RoW). Europe accounted the largest market share of 32% in 2016, due to stringent health regulations in the region. Asia-Pacific is anticipated to grow at a fastest CAGR of 6% from 2016 to 2024. The growth is attributed to the blooming industrial sector and momentous rise in affluent consumers.

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The major players in the market include Underwriters Laboratories Inc, ALS Ltd., Intertek Group PLC, Dekra SE, Bureau Veritas SA, AsureQuality Ltd., Element Materials Technology, Lloyd's Register Group Limited, SGS Group, and ASTM International, among others.

Scope of Testing, Inspection, and Certification Market
Type Segment
• Testing
• Inspection
• Certification

Application Segment
• Food & Beverages
• Automotive
• Oil & gas
• Aerospace
• Textile
• Telecommunication
• Automation
• Medical devices
• Defence
• Others

Geographical Segments
• North America
o US
o Canada
o Mexico

• Europe
o Germany
o France
o UK
o Italy
o Others

• Asia-Pacific
o China
o India
o Japan
o Others

• RoW
o South America
o Middle East
o Africa

About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
For further information, visit https://www.variantmarketresearch.com

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