The TIC market for childcare products & toys is expected to witness a CAGR of 4% during the forecast period. TIC services help improve the standards of the manufacturing process by conducting testing, inspections, and certifications in accordance with regulations around the world. This will help in the production of quality, safe, and reliable products/components in the childcare products & toys industry.

The factor driving the growth of the TIC market in childcare products & toys is globalization which has provided standardization of products and goods that are used in childcare products & toys.

Moreover, rapid urbanization, mandatory safety regulations, advancement in networking and communication technology, digitalization, need to have credibility and image, reduced turnover of employees, increased level of cost control improvement, and rapid improvement of various processes will fuel the growth of TIC in childcare products & toys.

Nevertheless, the mounting awareness among consumers regarding risks and hazards in toys will provide promising opportunities for the growth of the TIC market in child care products & toys.

Download Free Sample Copy Of Research Report: https://www.vynzresearch.com/semiconductor-electronics/tic-market-for-childcare-products-toys-industry/request-sample

UL, a global safety science company announced the launch of the Bureau of India Standards (BIS) recognized testing services for domestic and foreign toy manufacturers in the country as per the Indian Standards (IS). Thus, Ul had set up a new testing facility in Gurugram, India.

Based on service type, the TIC market for childcare products & toys is segmented into testing, inspection, and certification. Testing is playing an important role in the effective production of quality and safe products.

Moreover, authorities around the world are aware of the importance of toy safety, so they are implementing new standards and safety measures to ensure that toys do not pose a risk to children and consumers. Testing is done against a wide variety of standards which includes mechanical and physical properties, flammability, hazardous chemicals, electrical properties.

Products for Babies and Toddlers (Children’s Baby Apparel and Footwear, Cots, Cradles, Strollers, Highchairs, and Seats, Play Yards, and Nursing Products), and Toys (Dolls, Plush, Wooden, Metal and Plastic Toys, Stationary, Chemical and Educational Toys, Electric & Radio Controlled and Electronic Toys, And Games), and Others

The Asia Pacific is anticipated to be the fastest-growing region during the forecast period owing to the rising brand penetration and a wide distribution network, resulting in the growth of child care products & toys.

Moreover, manufacturers, importers, and retailers that are involved in child toy manufacturing in China and Asia are implementing robust supply chain management to have proper and timely delivery of finished goods to meet mandatory toy regulations and awareness regarding safety among consumers, resulting in the growth of TIC market for childcare products & toys.

Some of the key players operating in the TIC market in child care products & toys: Intertek Group plc, Bureau Veritas, UL LLC, SGS SA, Eurofins Scientific, TUV Rheinland, DEKRA SE, ALS Limited, Element Materials Technology, and TUV SUD.

Source: VynZ Research