Albany, New York, April 7, 2017: The rising exports and imports in the global market, increasingly strict quality standards and a complex mix of local and global regulations and standards are key to the rising demand of testing, inspection, and certification market across different industries. This rapidly changing global market is the focus of a latest market research report recently added to the vast online collection of Market Research Reports Search Engine (MRRSE). This research report is titled “Testing, Inspection and Certification (T.I.C.) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024”. It provides an executive summary covering all aspects of the global testing, inspection, and certification market including a forecast for the period from 2016-2024.
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The report predicts that the global testing, inspection, and certification market will rise at a healthy CAGR of 5.7% between the forecast years of 2016 and 2024. Rising at this pace, the market, which had a valuation of US$178.65 billion in 2015, is expected to reach a value of US$285.34 billion by 2024. This report begins with an overview of the global market including introduction, key market indicators and research methodology. A wide-ranging analysis of market dynamics, which include the market drivers, restraints, risks and opportunities are covered within the report. Market attractiveness analysis has also been included in the study for the better understanding of the competitive landscape of the market.
The study provides a decisive overview of the global testing, inspection and certification (T.I.C.) market by segregating it based on application and geographical region. Classification on the basis of application are as follows:
Oil & gas
Food & beverages
Among these, the oil and gas industry is the most promising end-use destination for this industry. In 2015, this oil and gas industry accounted for more than 35% in the global market. The geographical regions covered within the scope of this report are North America, Europe, Latin America, Asia Pacific and Middle East and Africa.
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Some of the major players in the market are Bureau Veritas SA, Intertek Group PLC, ALS Ltd., ASTM International, AsureQuality Ltd., SGS Group, Dekra SE, Lloyd's Register Group Limited, Underwriters Laboratories Inc, DNV GL, TUV SUD AG and TÜV Rheinland Group. Details such as company details (HQ, foundation year and employee strength), market presence (by segment and by geography), revenue and operating profits, strategy and historical roadmap, key developments and other strategic information pertaining to these players have been duly covered as a part of company profiling in the report.
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